Farina, IL 62838(Fayette County)

The real estate contains a total of 320 acres (subject to survey) and will be sold in 4 tracts. The farms are nearly 100% tillable, highly productive farms. Farmers and investors, be sure to check out these investment quality Fayette County, IL farms.

TRACT INFORMATION

Tract 1 80 acres (subject to survey)

FSA figures should indicate 78.61 NHEL cropland acres

Productivity Index (PI): 111.4

Soil types include Newberry, Hoyleton-Darmstadt, and Hoyleton

Nearly 100% tillable

Access along the north side from E. 1150th Ave

Tract 2 80 acres (subject to survey)

FSA figures should indicate 78.98 NHEL cropland acres

Productivity Index (PI): 110.9

Soil types include Newberry and Hoyleton-Darmstadt

Nearly 100% tillable

Access along the north side from E. 1150th Ave

Tract 3 80 acres (subject to survey)

FSA figures should indicate 80.01 NHEL cropland acres

Productivity Index (PI): 112

Soil types include Newberry, Cisne, and Hoyleton-Darmstadt

Nearly 100% tillable

Improved with a grain bin

Access along the east from N. 2550th Street and along the north side from E. 1150th Ave

Tract 4 80 acres (subject to survey)

FSA figures should indicate 79.8 NHEL cropland acres

Productivity Index (PI): 111.2

Soil types include Newberry, Hoyleton-Darmstadt, Hoyleton, and Cisne

Nearly 100% tillable

Access along the west side from N. 2550th Street

REAL ESTATE TAX INFORMATION

Tract 1

08-21-06-400-002 - 80 acres - $1,892.10

Tract 2 and 3

08-21-05-300-001 - 160 acres - $4,385.36

Tract 4

08-21-05-400-002 - 80 acres - $2,005.90

METHOD & TERMS

The Redtop Enterprises, LLC real estate will be sold on a price per acre basis, based on surveyed acres. The tracts will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect any of the tract(s) for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract(s) will continue to be offered Buyers Choice until all tracts have been elected. The tracts will NOT be offered in their entirety at the conclusion of the auction.

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, July 2, 2024.

The seller will provide title insurance in the full amount of the purchase price and will pay all the 2023 real estate taxes, due and payable in 2024, through a credit at closing. Buyer will be responsible for 2024 taxes and beyond. Possession will be at closing, subject to the 2024 farm lease, of which the new buyer will receive income for the 2024 crop year (contact the auction manager for details regarding the 2024 farm lease). 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, a BigIron company, pertaining to this property. Real estate is being sold AS IS.

Redtop Enterprises, LLC

Representing Attorney:

Hugh F. Drake | Brown Hay & Stephens

205 S 5th St #700, Springfield, IL 62701 | (217) 544-8491

Auction Managers:

Rodney Borrowman (630) 247-0667

John Borrowman (217) 430-0645