Auction Information
Online Bidding SitePIATT COUNTY, IL LAND AUCTION REIFSTECK
LOCATION
Piatt County, Illinois
39.5 Taxable Acres 1 Tract
SELLER
Gerald R. (Gary) Reifsteck
MANAGED BY
Kevin Haas (309) 264-7767
GENERAL INFORMATION
Land is located in Section 13, T17NR6E, Bement Township, Piatt County, IL.
REAL ESTATE TAX INFORMATION
PIN 01-13-17-006-005-00 - 34.50 acres - $1994.36
PIN 01-13-17-006-008-00 - 5.00 acres - $272.62
SOIL TEST RESULTS
pH P#/A K#/A
5.8 75 308
YIELD HISTORY
Year Corn Beans
2021 230
2020 60
2019 225
2018 76
2017 225
2016 67
LOCATION & GENERAL INFORMATION
The Gerald R. Reifsteck real estate is located approximately 1 mile west of Ivesdale, IL, or 5 miles east of Bement, IL or 10 miles southeast of Monticello, IL (20 miles southwest of Champaign, IL or 25 miles east of Decatur, IL).
The property is further described as being in the Northwe...
The property is further described as being in the Northwest Quarter of Section 13, T17NR6E, Bement Township, Piatt County, IL.
The farm contains a total of 39.5 taxable acres and will be sold in 1-tract. Farmers and investors, be sure to checkout this nearly 100% tillable Class A farm.
TRACT INFORMATION
39.5 taxable acres
FSA maps indicate 38.91 cropland acres
Productivity Index (PI): 140.1 (Class A)
Soil types include Drummer-Milford and Flanagan
County Road E1000 N borders along the north side and N 1400 East Road along the west side
METHOD AND TERMS
The real estate will be sold on a price per acre basis, based on the 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 April 15, 2022. The seller will provide title insurance in the full amount of the purchase price and pay the 2021 real estate taxes, due and payable in 2022. Full possession at closing and the land sells free and clear of crop tenancy for 2022.
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.
Gerald R. (Gary) Reifsteck
Representing Attorney:
Lott H. Thomas
Thomas Mamer Attorneys at Law
30 E Main St
Suite 500
Champaign IL 61820
217-351-1500
Auction Manager:
Kevin Haas (309) 264-7767
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