Spring Bay, IL 61611(Woodford County)

The Fauber land has something for everyone. Productive tillable farmland, potential commercial development, mature timber zoned residential suitable for hunting or residential development.

TRACT INFORMATION

Tract 1 52 acres (subject to survey)

FSA records indicate 50.72 NHEL cropland acres

Productivity Index (PI): 104.8

Soil types include Coloma, Huntsville, Alvin, Jasper, and Dakota

Commercial & residential development potential

Access along the west side from Rt 26

Tract 2 98 acres (subject to survey)

FSA records indicate 85.5 NHEL cropland acres

Productivity Index (PI): 132.6

Soil types include Plano, Jasper, Huntsville, Martinsville, and Alvin

Improved with 81 x 54 pole frame building

Access along the east side from Santa Fe Trail Upper Spring Bay Rd

Tract 3 31 acres (subject to survey)

FSA records indicate 5.36 NHEL cropland acres

Productivity Index (PI): 134

Soil types include Ross

Zoned residential development potential

Several excellent building sites

Mature timber provides for excellent deer & turkey hunting as well as outdoor recreational opportunities

Access along the west side from Santa Fe Trail Upper Spring Bay Rd

Tract 4 35.56 taxable acres

FSA records indicate 32.73 HEL cropland acres

Productivity Index (PI): 96.2

Soil types include Dakota, Alvin, and Coloma

Commercial & residential development potential

Access along the east side from Rt 26

Note: This FSA information for Tract 4 includes data for acres that are not included in the auction.

REAL ESTATE TAX INFORMATION

Tracts 1-3

PIN 07-24-100-001 - 80.0A - $3254.36

PIN 07-24-200-009 - 101.41A - $3500.16

Tract 4

PIN 07-23-402-019 - 35.56A - $820.16

METHOD & TERMS

The Fauber farm will be sold on a price per acre basis, based on surveyed acres for Tracts 1-3 and based on taxable acres for Tract 4. All 4 tracts will be offered through the marketing method of Buyers Choice, whereas the high bidder can elect any of the tracts for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract(s) will continue to be offered Buyers Choice until all tracts have been elected. 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 Monday, March 3, 2025.

The seller will provide title insurance in the full amount of the purchase price and will pay all the 2024 real estate taxes, due and payable in 2025, through a credit at closing. Buyer will pay all the 2025 real estate taxes and beyond. Possession at closing. Open lease for 2025 crop year and beyond. 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, a BigIron company, pertaining to this property. Real estate is being sold AS IS.

Estate of Raymond L. Fauber

Clifford W. Fauber, Executor

Representing Attorney:

Robert C. Hall | Miller, Hall & Triggs LLC

416 Main St., Suite 1125, Peoria, IL 61602 | (309) 671-9600

Auction Manager:

Kevin Haas (309) 264-7767