Auction Information
Online Bidding SiteBROWN COUNTY, IL LAND AUCTION - KOCH
BROWN COUNTY, IL LAND AUCTION - KOCH
Thursday, November 14, 2024 - 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
Brown County, Illinois
The Koch farm is located approximately 6 miles west of Mt. Sterling, IL (just south of C & L Tiling, Inc), or 35 miles east of Quincy, IL, or 40 miles northwest of Jacksonville, IL. The property is further described as being in part of Section 8, T1S-R4W, Lee Township, Brown County, Illinois.
SELLER
Bernard F. Koch Farm Trust
David J. Koch
Randall M. Koch
MANAGED BY
John Sullivan (309) 221-6700
GENERAL INFORMATION
163.14 surveyed acres 1 tract
The farm contains 163.14 surveyed acres and is nearly all-tillable Class A farmland!
Farmers and investors, be sure to check out this investment quality land - you will not be disappo...
Farmers and investors, be sure to check out this investment quality land - you will not be disappointed.
TRACT INFORMATION
163.14 surveyed acres
FSA maps indicate 158.51 NHEL cropland acres
Productivity Index: 139.4 (Class A)
Soil types include Ipava and Virden
Balance of the non-cropland acres is grass waterways
Some clay drainage tile (see tile map)
County Rd 1000N borders along the south side
METHOD & TERMS
The Koch farm will be sold on a price per acre basis, based on 163.14 surveyed 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 Tuesday, December 16, 2024.
The seller will provide title insurance in the full amount of the purchase price and pay the 2024 real estate taxes due in 2025. The seller is keeping all the 2024 farm income. Possession will be given at the time of closing subject to the 2024 crop being harvested. Open lease for the 2025 crop year and beyond.
Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property.
All announcements made on 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, a BigIron company, pertaining to this property. Real estate is being sold AS IS.
Bernard F. Koch Farm Trust
David J. Koch
Randall M. Koch
Representing Attorney:
Drew Erwin | Mays, Walden & Anastas PC
636 Hampshire St # 101, Quincy, IL 62301 | (217) 222-1526
Auction Manager:
John Sullivan (309) 221-6700
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Brown County, Illinois
The Koch farm is located approximately 6 miles west of Mt. Sterling, IL (just south of C & L Tiling, Inc), or 35 miles east of Quincy, IL, or 40 miles northwest of Jacksonville, IL. The property is further described as being in part of Section 8, T1S-R4W, Lee Township, Brown County, Illinois.