Coffeen, IL 62017(Montgomery County)

The real estate contains a total of 342.24 taxable acres and will be sold in 6 tracts. Tracts 1 through 4 are nearly 100% tillable, highly productive farms. Tract 5 is a combination farm with productive tillable and recreational acres improved with several buildings. Tract 6 is a small all timber tract.

Farmers, investors, and outdoor enthusiasts - be sure to check out these properties which offer something for everyone.

TRACT INFORMATION

Tract 1 - 40 taxable acres

FSA maps indicate 39.95 NHEL cropland acres

Productivity Index (PI): 110.1

Soil types include Cowden-Piasa, Hoyleton, and Tamalco

Located in Section 19, South Fillmore Township, Montgomery County, IL

County Road 1900E borders along the east side

Tract 2 - 79.24 taxable acres

FSA maps indicate 77.91 NHEL cropland acres

Productivity Index (PI): 109.9 (tillable acres)

Soil types include Cowden-Piasa, Cisne, Hoyleton, and Virden-Fosterburg

Located in Section 19, South Fillmore Township, Montgomery County, IL

County 200N/Mt. Moriah borders along the south side

Tract 3 - 40 taxable acres

FSA maps indicate 39.80 NHEL cropland acres

Productivity Index (PI): 107.1

Soil types include Cowden-Piasa, Hoyleton, and Ava

Located in Section 19, South Fillmore Township, Montgomery County, IL

County Road 300N borders along the north side

Tract 4 - 20 taxable acres

FSA maps indicate 18.52 HEL cropland acres

Productivity Index (PI): 105.2

Soil types include Cisne, Hoyleton, and Parke

Located in Section 24, East Fork Township, Montgomery County, IL

County Road 1650E/Red Ball Trail borders along the west side and County 200N/Mt. Moriah borders along the south side

Tract 5 - 152.59 surveyed acres

FSA maps indicate 65.83 HEL cropland acres

Productivity Index (PI): 101.1 (tillable acres)

Soil types include Ava, Parke, and Bluford

Improvements include an older farmhouse in need of major repair, large rustic barn, and several other outbuildings

The balance of the farm is mature timber and brushy draws, which provides excellent hunting and outdoor recreational opportunities

County water and electric

Located in Section 24, East Fork Township, Montgomery County, IL

County Road 1650E/Red Ball Trail borders along the east side

Tract 6 - 10 taxable acres

Nearly 100% wooded with mature trees

Outstanding hunting and outdoor recreational opportunities

Building potential

Located in Section 26, Lagrance Township, Bond County, IL

County Road 200N/Mt. Moriah borders this farm along the north

REAL ESTATE TAX INFORMATION

Tracts 1-3

22-19-300-007 - 159.24 acres - $3,770.68

Tract 4

21-24-400-011 - 20 acres - $394.00

Tract 5

21-24-200-005 - 10 acres - $172.92

21-24-100-013 - 20 acres - $215.96

21-24-400-001 - 40 acres - $1,558.44

21-24-300-011 - 83 acres - $686.56

Tract 6

06-02-26-202-001 - 10 acres - $29.58

METHOD & TERMS

The Noel Rex Hill farm will be sold on a price per acre basis, based on taxable 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, May 28, 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 of tracts 1, 2, 3, 4, and 5 will be at the time of closing, subject to the 2024 farm lease of which the new buyer will receive 1/3 crop share (contact the auction manager for details regarding the 2024 farm lease). Possession of tract 6 will be at the time of closing. 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, a BigIron company, pertaining to this property.

Noel Rex Hill Estate

Gary Harris - Executor

Auction Managers:

Rodney Borrowman (630) 247-0667

John Borrowman (217) 430-0645