Auction Information
Online Bidding SiteSHELBY COUNTY, IL LAND AUCTION - MOFFETT
GENERAL INFORMATION
72.15 Taxable Acres 1 Tract
The tract represents productive farmland.
TRACT INFORMATION
Tract 1 72.15 taxable acres
FSA records indicate 66.68 NHEL cropland acres
Productivity Index (PI): 95.5
Soil types include Hoyleton-Darmstadt, Fishhook, Oconee-Darmstadt, Atlas, Cisne, and Wynoose
Improved with a 40 x 56 pole building with concrete floor
Excellent water well source
Access along the east side from St Rt 128 and along the south side from CR 300N
YIELD HISTORY
Year Corn Beans
2018 225 72
2019 170 56
2020 206 56
2021 216 61
2022 223 65
AVG 208 62
METHOD & TERMS
The Moffett Estate farm will be sold on a price per acre basis, based on taxable acres.
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 escr...
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 November 15, 2023.
The seller will provide title insurance in the full amount of the purchase price. The farm is being sold subject to an existing 50/50 crop share lease for the 2023 crop year. Seller will retain all of the 2023 crops and will pay all the 2023 real estate taxes, due and payable in 2024, through a credit at closing. Open lease for 2024 crop year and beyond. Possession at closing, subject to an existing 50/50 crop share lease for the 2023 crop year.
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:
Kevin Haas (309) 264-776
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Shelby County, Illinois
The Moffett Estate farm is located approximately 1 mile north of Cowden or 10 miles south and west of Shelbyville IL. The farm is further described as being located in Section 33, T10N-R3E, DryPoint Township, Shelby County, Illinois.