Princeville, IL 61559(Peoria County)

The real estate contains a total of 185.37 taxable acres, will be sold in 2 tracts, and represents highly productive Class A soils, hunting, and several building sites. Farmers, investors, hunters, and developers dont miss this opportunity something for everyone!

TRACT INFORMATION

Tract 1 77.48 taxable acres

FSA records indicate 75.11 NHEL cropland acres

There are no CRP acres associated with this tract

Productivity Index (PI): 138.3

Soil types include Brenton, Harpster, Sable, Virgil, Sawmill, and Proctor

The balance of the farm is a drainage ditch that provides an excellent tile outlet

Access along the north side from W Oertley Rd and along the west side from N Slane Rd

Tract 2 107.89 taxable acres

FSA records indicate 76.0 NHEL cropland acres (split field)

Productivity Index (PI): 109.8

Soil types include Rozetta, Sylvan, Fayette, Keomah, Hickory, and Elco

The balance of the farm is mature timber that provides excellent hunting and outdoor recreational opportunities, as well as many excellent building sites

There are no CRP acres or hunting leases associated with the tract

Access along the west side from N Duncan Rd

Note: The FSA info for Tract 2 includes acres that are not involved in this auction.

REAL ESTATE TAX INFORMATION

Tract 1

PIN 03-17-100-002 - 77.48A - $3699.06

Tract 2

PIN 02-35-300-005 - 25.0A - $578.58

PIN 02-35-100-007 - 40.0A - $786.78

PIN 02-35-100-017 - 42.89A - $854.56

METHOD & TERMS

The Marilyn J. Hofer Estate farm will be sold on a price per acre basis, based on taxable acres. The tracts will be offered in numerical order - tract 1 will be sold first, followed by tract 2. 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, December 29, 2023.

The seller will provide title insurance in the full amount of the purchase price. Open lease for 2024 crop year and beyond. Possession at closing, subject to an existing cash rent lease for the 2023 crop year. There are no hunting leases associated with the property.

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, LLC pertaining to this property. Real estate is being sold AS IS.

Marilyn J. Hofer Estate

Thomas W. Hofer, Executor

Representing Attorney:

James F. Kane | Johnson, Bunce & Noble, P.C.

7800 N Sommer St. Suite #425, Peoria, IL 61615 | (309) 691-9650

Auction Managers:

Kevin Haas (309) 264-7767

Michael Sullivan (309) 333-0916