2542 Fair Lane , Franklin, IL 62638(Morgan County)

Of the 40 total taxable acres, approximately 16.25 acres are currently being farmed and carry a 117.6 Productivity Index Rating. Primary soil types on the tillable acreage are Rozetta and Keomah silt loams. The farmland is cash-rented for the 2024 cropping season. Buyer will receive the second half of this years cash rent. The remainder of the property is thick woodland and also features a shallow pond that could be further developed. Clear some trees and establish a trail system to easily access all your favorite hunting spots.

About the Home

Built in 1982, this single-owner homes current floorplan features one bedroom and one bathroom. Need more? The 1400 sqft unfinished, walk-out basement could be finished to add additional living spaces. Vaulted ceilings provide a wow-factor when you first enter. Front and back porches lure you to take in the peaceful surroundings while sipping your morning coffee.

Current home layout includes:

447 sqft L-shaped living/dining combo with vaulted ceilings and wood-burning fireplace

12 x 12 dining room or office area with double-sliding doors to the back deck

175 x 10 kitchen with double-sliding doors to the back deck

169 x 11 bedroom with double closet

109 x 83 full bathroom with double closet, tub and shower combo

63 x 11 storage room with 2 closets

16 x 6 entryway with double closet and attic fan

1 car attached garage with electric opener and pull-down stairs to attic storage

Mechanicals

Trane gas forced-air furnace, central air-conditioning 2000

Gas water heater 1996

200 amp breaker box

Cedar/wood siding

Architectural shingles approximately 20 years old

Poured foundation

LP gas tank owner owned

Well water; rural water runs to the end of Fair Lane (available but not connected)

Illinois Electric Cooperative

Outbuildings

12 x 32 pole shed with metal roof and sides

12 x 20 metal frame shed with corrugated roof and sides, brick floor

Older 29 x 23 outbuilding

Be sure to attend one of the Open Houses so you can see for yourself if this is the property for you! Open Houses will be held Sunday, June 2 and Saturday, June 8 from 2:00-4:00PM each day. Contact the Sellers Designated Representative and Auctioneer, Darrell Moore, at 217-473-5486 with questions.

Directions & Access: From Nortonville Road, head East on Carpenter then South on Frog Hill Road then East on Fair Lane. Property is located at 2542 Fair Lane, Franklin in Morgan County, IL S20-T13N-R9W.

Acreage: 40 acres, 16.25 tillable acres, 23.75 wooded acres.

Tenancy: Farm is cash rented for the 2024 crop season. Seller will retain the first half of the cash rent; buyer will receive the second half upon completion of 2024 harvest. Cash rent agreement available upon request. Farm is open for the 2025 crop season.

Productivity Index Rating (tillable acreage): 117.6

Primary Soil Types (tillable acreage): Rozetta and Keomah

Topography: Level to rolling

Parcel ID: 18-20-200-003

2022 Real Estate Taxes: $902.90 (Owner Occupied, Senior, and Senior Freeze Exemptions)

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Seller: Donald L. and Dorcas D. Fairfield Joint Tenancy Trust, Carolyn Schofield as Trustee

Representing Attorney: Dan Beard Bellatti Fay Bellatti & Beard LLP 217-245-7111

Sellers Designated Agent & Auctioneer: Darrell Moore IL Lic. 440.000506 217-473-5486

Auction Format:

Live in-person and online bidding.

Pre-bids and max-bids may be placed online anytime leading up to the live auction. Property is selling by the acre; take your bid times 40 acres.

If bidding in-person with no desire to place pre-bids online, you may register at Pathway the morning of the auction.

If bidding online or on your mobile device through Apple or Google Play app stores. You may register to bid online anytime between now and Friday, June 21 at 7:00AM.

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 August 2, 2024. Possession will be given at closing unless otherwise requested. Seller will convey by Trustee Deed, and will furnish title insurance in amount of the purchase price. Seller will pay the second half 2023 real estate taxes payable in 2024 by giving Buyer(s) a credit against the purchase price. Further, a credit will be given at closing for 2024 real estate taxes prorated to the date of closing. 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 Donald L. and Dorcas D. Fairfield Joint Tenancy Trust, Carolyn Schofield as Trustee, 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. 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.

You must be a registered user to bid, either in-person or online. By bidding you are stating that you are ready and willing to purchase the tract for your bid amount. Bidders acknowledge that Worrell Land Services, LLC does not have any responsibility or liability for the website(s) used for Internet bidding. Despite best efforts to prevent technology failures, Buyer and Seller acknowledge that Worrell Land Services, LLC cannot guarantee the operation or performance of the Internet bidding site. There may be occasional interruptions and delays relating to the use of the Internet and the Website. Furthermore, Worrell Land Services, LLC shall not be held liable (for lost profits or special damages) or responsible for the function of the website or its inability to function. Bidders acknowledge that hardware malfunctions, software malfunctions, viruses, and similar issues do occur and are beyond the knowledge, scope, and control of Worrell Land Services, LLC. Worrell Land Services, LLC reserves the right to deny any person access to online bidding if unable to adequately verify the bidder. Winning bidders will be notified via phone or email immediately after the close of the auction to make arrangements for completing the purchase agreement and collection of earnest money.

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.