Bloomington, IL 61701(McLean County)

Saturday, July 6, 2024 10:00 - 11:00 AM

Monday, July 8, 2024 4:00 - 5:00 PM

Physical Address: 21942 N 2925 East Rd, Lexington, IL 61753

GENERAL INFORMATION

200.87 taxable acres 2 tracts

Farmers & investors, take advantage of this opportunity to purchase productive McLean County farmland with the opportunity for additional income from the country home located on tract 1.

TRACT INFORMATION

Tract 1 120 taxable acres

FSA records indicate 118.9 NHEL cropland acres

Productivity Index (PI): 131.6

Soil types include Drummer and Elpaso, Lisbon, Saybrook, and Wyanet

Includes a 3-bedroom, 1 bathroom country home

Unattached 2 car garage

40 x 52 pole building

Access along the east side from N 2925 East Rd

Tract 2 80.87 taxable acres

FSA figures indicate 78.5 NHEL cropland acres

Productivity Index (PI): 126.7

Soil types include Drummer and Elpaso, Wyanet, Raub, Saybrook, Lisbon, Mayville, Sabina, Fox, and Radford

Includes a small patch of timber with a creek in the southeast corner, providing an opportunity for whitetail deer hunting

Access from E 2025 North Rd, which splits this tract

SOIL TEST RESULTS

Tract 1 October 5, 2023

PH - 5.7 - 2 ton/A limestone applied after these soil tests were pulled

P - 50#/A

K - 285#/A

Tract 2 April 21, 2023

PH - 6.6

P - 100#/A

K - 401#/A

REAL ESTATE TAX INFORMATION

Tract 1

PIN 09-23-400-002 - 40.0A - $2122.68

PIN 09-26-200-001 - 40.0A - $2126.02

PIN 09-25-100-001 - 40.0A - $5227.08

Tract 2

PIN 09-36-200-011 - 6.18A - $169.90

PIN 09-36-400-016 - 35.25A - $1710.10

PIN 16-01-200-004 - 39.44A - $1672.54

METHOD & TERMS

The tracts will be sold on a price per acre basis, based on taxable acres, and will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect either tract 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 both 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 Friday, August 16, 2024.

The seller will provide title insurance in the full amount of the purchase price and will pay the 2023 real estate taxes due in 2024 before closing. The 2024 taxes due in 2025 will be split 50/50 between the seller and the buyer, with the buyer receiving a credit at closing for their half. The buyer will also receive half of the 2024 cash rent (paid in October). No hunting leases. House possession at closing. Farmland possession at closing, subject to an existing lease for the 2024 crop year only. Farmland lease ends with the harvest of the 2024 crops or October 31, 2024, whichever is sooner. Open lease for 2025 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, a BigIron company, pertaining to this property. Real estate is being sold AS IS.

Hefner & Denton Farm

Ricky Wayne Hefner Estate

Mabel E. Denton Estate

Representing Attorney:

Allen L DeVary, Attorney at Law | Wood, DeVary, Armstrong & Houska, P.C.

207 W. Jefferson, Suite 400, Bloomington, IL 61701 | (309) 827-0044

Auction Manager:

Kevin Haas (309) 264-7767