Auction Information
120 Acre Farmland Auction Morgan County, IL
SOLD AT AUCTION ON 10/15 FOR $15,700/ACRE. Now is your chance to purchase Class A farmland in an ag neighborhood that seldom sees land change hands! This 120 acre tract near Jacksonville, IL in Morgan County is 98% tillable (117.39 acres USDA tillable) and boasts exceptional farmability with long rows, excellent access, and level topography. The farms overall Productivity Index rating is an impressive Class A 137.3 with nearly 81% of the farms soils carrying a PI of 140 or greater. Its historically strong yields should come as no surprise with 5-year averages of 227 bu/acre corn and 63 bu/acre beans. Soils tests from 2018 show good fertility with averages of PH 6.6 P 81 K362. This is a once-in-a-generation opportunity; come ready to bid on October 15!
Seller: John E. Oliver Living Trust & Patricia Oliver Family Trust
Auction Format: Traditional in-person bidding. Check website on ...
Auction Format: Traditional in-person bidding. Check website on October 11 for health and safety precautions based on most recent COVID-19 status in Morgan County.
Property Location: 3-miles West of Jacksonville in Western Morgan County, Illinois Section 20 Township 15N Range 11W
Acreage: 120 taxable acres; 117.39 USDA tillable acres
Access: From Reining Road along the Western boundary
Productivity Index Rating: 137.3 (Class A)
Primary Soil Types: Osco & Ipava
Topography: Level
Parcel Numbers: 08-20-100-004 & 08-20-200-01
2020 Taxes (Payable 2021): $4,624.94
Tenancy: Open for the 2022 farming season
Representing Attorney: Matt Smith Bellatti Fay Bellatti & Beard LLP 217.408.0686
Managing Broker: Luke Worrell 217.473.7039
Auctioneer: Darrell Moore IL Lic. 440.000506 217.473.5486
Sales Terms Summary: Upon conclusion of auction, Seller and Buyer(s) shall enter into a purchase Agreement, with the Buyer(s) to pay ten percent (10%) of the purchase price as down payment. Balance due and payable on or before November 26, 2021. Possession will be given at closing. The property is free of any tenants rights for 2022. Seller will convey by Trustees Deed, and will furnish title insurance in amount of the purchase price. Seller will pay the 2021 real estate taxes payable in 2022 by giving Buyer(s) a credit against the purchase price. Procurement of financing shall be the sole responsibility of the Buyer(s) and must be obtained prior to the auction. Broker is acting as the Sellers agent for the John E. Oliver Living Trust & Patricia Oliver Family Trust and is not representing any Buyer(s). The property is being sold AS IS without representation or warranty expressed or implied. The sale is subject to Sellers approval. The property is being sold by the acre. Auctioneer reserves the right to set the bid increments. Seller is not responsible for any accidents that may occur while inspecting the property. Buyer(s) should verify the information to their satisfaction. ANNOUNCEMENTS MADE BY THE BROKER AND/OR AUCTIONEER AT THE TIME OF SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
Information contained herein was obtained from private and public sources with best efforts to express same as accurately as possible and is subject to individual verification. No liability for any inaccuracies, errors or omissions is assumed by the owners or their agents. Boundaries on maps and photos are approximate. Worrell Land Services, LLC is acting as the sellers agent.
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From 67 just West of Jacksonville, IL: head West on Liberty Road, South on Markham, West on Willow Branch, North on Reining.