Auction Information
Online Bidding SiteADAMS COUNTY, IL LAND AUCTION - KERLEY
Wednesday, November 29, 2023 - 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
Adams County, Illinois
The Kerley farm is located southeast of Liberty, IL a short distance south off Hwy 104 near the small town of Kingston. The farm is further described as being located in Section 8, T3S - R5W, Beverly Township, Adams County, IL.
SELLER
Kerley Properties, LLC
MANAGED BY
Michael Sullivan (309) 333-0916
John Borrowman (217) 430-0645
Rodney Borrowman (630) 247-0667
GENERAL INFORMATION
44.91 taxable acres 1 tract
The farm represents tillable farmland, timber & draws, potential building sites & is highly secluded with private lane access extending from Hwy 104.
Farm sells with open farming and hunting rights for 2024!
TRACT INFORMATION
FSA figures indicate 40.66 ac...
FSA figures indicate 40.66 acres of cropland acres
Productivity Index (PI): 110.1
Soil types include Winfield and Keomah
The balance of the farm is in timber/draws which make excellent recreational & hunting opportunities
Outstanding building site in the Liberty School District
Access is via an ingress/egress easement down a secluded lane which extends from Hwy 104
METHOD & TERMS
The Kerley farm will be sold on a price per acre basis, based on taxable acres.
Immediately following the auction, the successful buyer will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before Friday, December 29, 2023.
The seller will provide title insurance in the full amount of the purchase price. Seller will retain all the 2023 cash rent income and will pay all the 2023 real estate taxes, due and payable in 2024, through a credit at closing, based on 2022 taxes. Open tenancy for 2024 crop year and beyond. Possession at closing, subject to an existing cash rent lease for the 2023 crop year.
Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property.
All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements and on our website 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, LLC pertaining to this property. Real estate is being sold AS IS.
Kerley Properties, LLC
Title Company:
Doreen Miller, Senior Commercial Escrow Officer, Attorney | Near North Title Group
1 Bronze Pt., Swansea, IL 62226 | (618) 971-8822
Auction Managers:
Michael Sullivan (309) 333-0916
John Borrowman (217) 430-0645
Rodney Borrowman (630) 247-0667
From elevation to risk assessment
Search for detailed parcel information including; Elevation & Vegetation Maps, Ownership Information, Detailed Parcel Information, Crop History Map, Soil Survey Productivity Data, and more.
Research Parcel InformationDirections
Adams County, Illinois
The Kerley farm is located southeast of Liberty, IL a short distance south off Hwy 104 near the small town of Kingston. The farm is further described as being located in Section 8, T3S - R5W, Beverly Township, Adams County, IL.