Auction Information
Online Bidding SiteFAYETTE COUNTY, IL LAND AUCTION - SCHNOEBELEN
Thursday, February 22, 2024 - 1:00 PM 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
Fayette County, Illinois
The Schnoebelen farm is located approximately 3.5 miles north of Ramsey, IL, or approximately 14 miles north of Vandalia, IL, or approximately 14 miles south of Pana, IL. The farm is further described as being located in Sections 29 & 32, T9N-R1E, North Part Ramsey Township, Fayette County, Illinois.
SELLER
Kurt Schnoebelen
MANAGED BY
Rodney Borrowman (630) 247-0667
John Borrowman (217) 430-0645
GENERAL INFORMATION
45.5 taxable acres 1 tract
The farm represents income producing tillable acres in addition to tremendous recreational & hunting opportunities.
TRACT INFORMATION
45.5 taxable acres
FSA figures should indicate 25.21 NHEL cropland acres
Productivity I...
Productivity Index (PI): 105.3(tillable acres)
Soil types include Bluford, Piasa, and Oconee
The balance of the acres is wooded - offering outdoor recreational and hunting opportunities as well as potential home building sites.
Access along the east side from County Rd 800E, the south side from County Rd 3100N, conveniently located 1/10th of a mile off of US Hwy 51.
METHOD & TERMS
The Schnoebelen 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 Wednesday, April 3, 2024.
The seller will provide title insurance in the full amount of the purchase price and pay the 2023 real estate taxes, due and payable in 2024, through a credit at closing. Buyer will be responsible for all the 2024 real estate taxes and beyond. Possession at the time of closing subject to the 2024 farm lease of which the new buyer will receive 1/3 crop share (contact auction manager for details regarding the 2024 farm lease). There are no hunting leases associated with the property and open crop tenancy for 2025 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 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.
Kurt Schnoebelen
Closing & Title Work:
Burtschi Bros & CO. | 415 W. Gallatin Street, Vandalia, IL 6247 | (618) 283-2102
Auction Managers:
Rodney Borrowman (630) 247-0667
John Borrowman (217) 430-0645
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Fayette County, Illinois
The Schnoebelen farm is located approximately 3.5 miles north of Ramsey, IL, or approximately 14 miles north of Vandalia, IL, or approximately 14 miles south of Pana, IL. The farm is further described as being located in Sections 29 & 32, T9N-R1E, North Part Ramsey Township, Fayette County, Illinois.