Auction Information
158.37 Acre Land Auction
AUCTION ON NOVEMBER 17
OPEN HOUSE SATURDAY, NOVEMBER 5 FROM 10:00AM-NOON
This property in Northeast Morgan County, Illinois has a bit of everything income-producing tillable farmland and CRP acreage, turnkey huntable woodland, fishing pond, a nice home and 4104 sqft pole barn. Gorgeous doesnt come close to capturing the beauty of this multi-use property. When you step onto these 158.37 acres, formerly known locally as Indian Creek Farm, it is as though you are entering into an immaculately-maintained state park.
Approximately 85 acres are wooded and are surrounded by adjoining wildlife habitat on all sides. A food plot is featured on the Northwest portion of the property, and a creek provides on-site water. Several nice hunting stands convey with the property. An established trail system grants access to every nook and cranny of the property.
Approximately 35.5 acres are currently fa...
Approximately 35.5 acres are currently farmed and carry a weighted Productivity Index Rating of 110.9. Rozetta silt loam is the primary soil type. Another 31.32 acres are enrolled in CRP and generate $8,131 annually. The majority of the CRP acreage runs through 2025. A more detailed summary of the acreage and expiration dates is available upon request.
The spacious home is in good shape and could serve as your primary residence or hunting lodge. Customize the space to fit your needs; the current layout is as follows: kitchen, dining room, living room, full bathroom, laundry room on main level; an oversized bedroom (adjoining deck), half-bath, and office (adjoining deck) upstairs; plenty of space in the basement for sleeping quarters (egress window) or general living areas, and an additional full-bathroom inside the utility room. Attached 2-car garage.
Store equipment and toys in the 4,104sqft pole building with partial concrete, 12 electric door, 100 amp service, and side workshop measuring 274 x 169. Also utilize the 1520sqft lean-to.
All proceeds from the sale will be donated to St. Jude Childrens Research Hospital in memory of the late Larry D. Gain. Sale is absolute.
Location, Directions & Access: 2567 Marthas Lane, Ashland, IL in Northeast Morgan County Sections 16 & 21-Township 16N-Range 9W, approximately halfway between Ashland and Jacksonville. From Ashland, go Southwest on State Highway 123, then South and West on Literberry Prentice Road, then South on Lair Road, then East on Marthas Lane.
Acreage: 158.37 taxable acres, 35.5 farmed acres, 31.32 acres CRP, 85 wooded acres
Tenancy: Open for the 2022 hunting season and the 2023 cropping season.
Productivity Index Rating (tillable acreage): 110.9
Primary Soil Type: Rozetta silt loam
Topography: Level to rolling, sloping
Parcel IDs: 05-16-300-009, 05-21-100-005, 05-16-300-003, 05-17-400-005
2021 Taxes (Payable 2022): $4,571.56
Seller: Larry D. Gain Estate, CNB Bank & Trust, N.A., Executor (Mary N. Fergurson, Vice President 217.408.0281)
Auctioneer: Darrell Moore IL Lic. 440.000506 217.473.5486
Attorney: Jenna Tucker, Rammelkamp Bradney, 217.245.6177
Auction Format: In-person bidding. Contact us to arrange for phone bidding if in-person bidding is not possible.
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 December 30, 2022. Possession will be given at closing. The property is free of tenants rights for the 2022 hunting season and the 2023 cropping season. Seller will convey by Executors Deed, and will furnish title insurance in amount of the purchase price. Seller will pay the 2022 real estate taxes payable in 2023 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 Larry D. Gain Estate, CNB Bank & Trust, N.A., Executor (Mary N. Fergurson, Vice President 217.408.0281) and is not representing any Buyer(s). The property is being sold AS IS without representation or warranty expressed or implied. The property is being sold by the acre based on taxable acreage. 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 was obtained from private and public sources with best efforts to express same as accurately as possible and is subject to individual verification. No liabilities for any inaccuracies, errors or omissions are assumed by the owners or their agents. Boundaries on maps and photos are approximate.
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Research Parcel InformationDirections
2567 Marthas Lane, Ashland, IL in Northeast Morgan County Sections 16 & 21-Township 16N-Range 9W, approximately halfway between Ashland and Jacksonville. From Ashland, go Southwest on State Highway 123, then South and West on Literberry Prentice Road, then South on Lair Road, then East on Marthas Lane.