Altona, IL 61414 - Knox County

KNOX COUNTY, IL LAND AUCTION - JACOBSON

Thursday, January 30, 2025 - 10:00 AM Central

Auction to be conducted as a virtual, online auction. If you need assistance with internet bidding, please contact our office at (844) 847-2161

LOCATION

Knox County, Illinois

The Jacobson farm is located approx. 1 mile south of Altona, IL along Knox Hwy 12. (hard surface) and is further described as being located in Section 21, T13N-R3E, Walnut Grove Township, Knox County, Illinois.

SELLER

Donald D. Jacobson Trust

MANAGED BY

Isaac Taber (309) 335-8081

GENERAL INFORMATION

340 acres (subject to survey) 5 tracts

The farm represents productive tillable farmland, hunting/recreational ground with potential building sites and an existing farmhouse with acreage.

TRACT INFORMATION

Tract 1 - 100 acres (subject to survey)

FSA figures indicate 92.68 estimated acres of cropland currently in row crop production

Approximately 88.8 acres +/- being farmed

Productivity Index (PI): 126.4

Soil types include Osco, Assumption, Ipava

Access is along S Walnut St.

Tract 2 - 105 acres (subject to survey)

FSA figures indicate 94.37 estimated acres of cropland currently in row crop production

Approximately 90.97 acres +/- being farmed

Productivity Index (PI): 128.7

Soil types include Osco, Rozetta, Ipava

Access is along S Walnut St.

Tract 3 - 73 acres (subject to survey)

FSA figures indicate 26.8 acres of cropland currently in row crop production

Productivity Index (PI): 123.2

Soil types include Rozetta, Greenbush, Osco

Access is along S Walnut St.

Tract 4 - 57 acres (subject to survey)

FSA figures indicate 12.82 acres of cropland currently in row crop production

Productivity Index (PI): 127

Soil types include Greenbush, Rozetta, Osco

Access is along 2650 N

Tract 5 - 5.5 acres (subject to survey)

Two story farmhouse

Built in 1881

1,344 Sq. Ft.

132 Sq. Ft. Enclosed Porch

4 bedrooms, 1 1/4 bathrooms

Multiple older outbuildings

REAL ESTATE TAX INFORMATION

Tracts 1, 2 & 5

0321300001 - $4,278.28

0321300002 - $2,574.20

0321400001 - $2,570

Tracts 3 & 4

0321100005 - $584.28

0321200006 - $791.10

0321400002 - $850.78

METHOD & TERMS

Tracts 1-4 will sell on a per acre basis, based on surveyed acres, and will be offered through the marketing method of Buyers Choice, whereas the high bidder can purchase (in any order) any or all tracts for their high bid. Buyers Choice auctioning will continue until tracts 1-4 have been elected. Following the sale of tracts 1-4, tract 5 will sell for a lump sum or total dollar amount. The tracts will NOT be offered together or in any combination at the conclusion of the auction.

Immediately following the auction, the successful buyer(s) will be required to enter into a written Real Estate Sales Contract with the seller and pay ten percent (10%) of the bid price as a non-refundable down payment. The balance of the bid price will be due at the time of closing, on or before Monday, March 3rd, 2025.

The seller will provide title insurance in the full amount of the purchase price and pay the 2024 real estate taxes, due and payable in 2025. Buyer will receive possession at closing. Open lease for 2025 crop year and beyond.

Bidding is NOT subject to any contingencies, including but not limited to financing, appraisal, or inspection.

All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors, or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers, a BigIron company, pertaining to this property. Real estate is being sold AS IS.

Donald D. Jacobson Trust

Representing Attorney:

Reynolds M. (Rip) Everett & Robert Lindstrom | Barash & Everett, LLC

110 N. Exchange Street, Galva, Illinois 61434 | (309) 932-2001

Auction Manager:

Isaac Taber (309) 335-8081