Sangamon County IL Farmland Auction, 90.18 Acres as 2 Tracts
Located along the edge of Sherman, IL these two Class A farmland tracts present the chance to expand your acreage in Sangamon County, Illinois.
Tract 1: 63.3 Taxable Acres, High Class A Soils, 96% Tillable - SOLD AT AUCTION FOR $15,000/ACRE
This is a tremendous opportunity to own a top-tier Class A parcel in a competitive farming community just outside of Sherman. This highly-productive farm consists of 63.3 taxable acres (subject to survey) of which 60.73 are in row crop production. Comprised primarily of Osco and Ipava soils, the Productivity Index Rating is an impressive 140.5. The farms clean layout and road access from the North make it an easy-to-farm tract, even with large modern equipment. Utilities run along Sudduth Road should the new owner have aspirations to build a homesite. The buyer will assume the $350/acre cash rent lease which runs through the 2022 cropping season.
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Property Location: Sangamon County, IL S24-T17N-R5W
Acreage: 63.3 taxable acres; 60.73 USDA tillable acres. Acreage is approximate and subject to survey. The survey is scheduled to be completed prior to the auction at which point any variance from the previously advertised acreage will be announced.
Access: From Sudduth Road along the Northern boundary
Productivity Index Rating: 140.5 (High Class A)
Primary Soil Types: Osco & Ipava
Topography: Level
Outbuilding: An older metal shed to store small equipment
Parcel Numbers: 6-24.0-300-008, 6-24.0-300-005, 6-24.0-300-007
2020 Taxes (Payable 2021): $2,681.08
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Tract 2: 26.88 Taxable Acres, High Class A Soils, Nearly All Tillable, Development Potential - SOLD AT AUCTION FOR $22,000/ACRE
Exceptional soils. Manageable size. Great location. Easy access. This 26.88 acre tract marks all those checkboxes and more! USDA data indicates the tract is nearly all tillable, with 26.84 acres in row crop production. The Productivity Index Rating is a remarkably high-Class A 141.6 (on a 147-point scale). Access the farm from the West off of Andrew Road/IL 124 without even having to go through town. As the village of Sherman continues to grow, the adjoining location of this tract has the potential to attract developmental buyers down the road should diversifying your portfolio become of interest. The buyer will assume the $350/acre cash rent lease which runs through the 2022 cropping season.
Property Location: Sangamon County, IL S25-T17N-R5W
Acreage: 26.88 taxable acres; 26.84 USDA tillable acres
Access: From Andrew Road/IL 124 along the Southern boundary
Productivity Index Rating: 141.6 (High Class A)
Primary Soil Types: Ipava & Sable
Topography: Level
Parcel Numbers: 6-25.0-100-025 & 6-25.0-100-024
2020 Taxes (Payable 2021): $1,189.58
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Sellers: David Myers Estate, Patricia Gay Myers & Edward Roy Myers
Representing Attorney: Andrew White Bellatti, Barton, Cochran & White LLC
Managing Broker: Luke Worrell IL Lic. 471.019996
Auctioneer: Darrell Moore IL Lic. 440.000506
Auction Format: Traditional in-person bidding. The property is being sold by the acre. Each tract to be sold separately and not offered back in any combination. Check brokerage website on October 25 for health and safety precautions based on most recent COVID-19 status in Sangamon County.
Sales Terms Summary: Upon conclusion of auction, Sellers 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 9, 2021. Possession will be given at closing. The property is leased through the 2022 growing season; buyer will assume the lease. Sellers will convey by Executors Deed, and will furnish title insurance in amount of the purchase price. Sellers will pay the 2021 real estate taxes payable in 2022 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 David Myers Estate, Patricia Gay Myers & Edward Roy Myers 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. The property is being sold by the acre. Each tract to be sold separately and not offered back in any combination. 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 is assumed by the owners or their agents. Boundaries on maps and photos are approximate. Worrell Land Services, LLC is acting as the sellers agent.
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