Rushville, IL 62681(Schuyler County)

The Langner auction will be an online auction (no onsite bidding). The real estate sells first at 10:00AM as a virtual online auction, followed by the personal property at 12-noon as a timed-online auction.

The real estate contains 87.61 surveyed acres and will be sold in 3 tracts. Tracts 1 & 2 are mostly tillable cropland, and Tract 3 is improved with a 1 story log home and detached garage, a metal storage building and is situated on approximately 10 mostly wooded acres, which offers excellent outdoor recreational opportunities.

TRACT INFORMATION:

Tract 1 - 37.58 Surveyed Acres

FSA records indicate 26.75 cropland acres

Productivity Index (PI): 117 (tillable acres)

Soil types include Rozetta and Keomah

Balance of the acres is wooded, offering outdoor recreational and hunting opportunities

Rural public water is located on the south and west sides

Road access along the south and west side from Palm Cemetery Road (hard surfaced)

Tract 2 - 38.22 Surveyed Acres

FSA records indicate 31.72 cropland acres

Productivity Index (PI): 118 (tillable acres)

Soil types include Rozetta and Keomah

Balance of the acres is wooded, offering outdoor recreational and hunting opportunities

Rural public water is located on the south side

Road access along the south side from Palm Cemetery Road (hard surfaced)

Tract 3 - 11.81 Surveyed Acres

Improved with a 1 -story log home

Main floor has a large great room with log beams, fireplace and sliding doors to patio, a spacious kitchen, utility room and full bath

Second floor has a large bedroom, full bath and loft area (currently utilized as an office)

Full basement with walk-out

LP gas furnace and central air conditioning

Rural public water

26x28 detached log garage with 18x22 room addition (the addition is currently being used as a kennel)

30x50 metal storage building with automatic overhead door

The 10 acres is mostly wooded, has a small pond, and offers excellent outdoor recreational and hunting opportunities

FSA records indicate approximately 2 cropland acres

Rural public water is located along the south side

Road access along the south side from Palm Cemetery Road

METHOD & TERMS - REAL ESTATE:

All 3-tracts will be surveyed. Tracts 1 & 2 will be sold by the acre, based on the acreages obtained from the survey, and offered through the marketing method of Buyers Choice, whereas the high bidder can purchase either Tract 1, or Tract 2 or both tracts for their high bid. If the high bidder does not take both tracts, then the remaining tract will be offered. We will then sell Tract 3 for a lump sum or total dollar amount (not by the acre). 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 and enter into a written 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 September 1, 2023.

The Seller will provide title insurance in the full amount of the purchase price, and pay the 2022 real estate taxes (due and payable in 2023). The seller will pay the 2023 real estate taxes on Tracts 1 & 2. The real estate taxes on Tract 3 will be prorated to the date of closing. Possession will be given at the time of closing, subject to the farm lease for 2023 crop year only. Seller to retain all farm income for 2023.

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.

Auction Manager:

John Sullivan (309) 221-6700