Hanson Farmland Auction

TWO TRACTS | 238.5 ACRES

Tuesday, January 24, 2023 at 10:00 A.M.

High quality Morgan County farmland being sold in two tracts. These tracts have been in the same family for over 100 years and have had the same tenants for over 75 years. Tracts have received excellent stewardship with pattern tile installed approximately ten years ago, along with updated fertilization, limestone and soil saving farming practices. For more information or to schedule a time to view the property, contact Kenneth Rahe at 217.473.4095.

Auction Information:

Auction to be held at Jacksonville American Legion, 903 W. Superior, Jacksonville, IL on Tuesday, January 24 at 10:00 AM.

Inspections by appointment with auctioneer, Kenny Rahe 217.473.4095

Auction Brochure | FSA Map

TRACT ONE

Description:

A square 158.5 acres with 152.5 tillable acres and 136.6 PI. A flat to sloping field highly productive parcel, well maintained with pattern tile approximately 10 years ago. Rural water available.

Location:

One mile east of Literberry on the southwest corner of intersection of Literberry-Prentice Road and Crazy Horse Road, nine miles north of Jacksonville, ten miles south of Virginia.

Information:

Additional Property Documents

Aerial Map | Plat Map | Soil Map

Parcel Number 04-12-300-001 | 158.5 Acres | Taxes $6,461.68

The Southwest Quarter of Section Twelve (12), Township Sixteen (16) North, Range Ten (10) West of the Third Principal Meridian, Morgan County, Illinois.


TRACT TWO

Description:

A rectangularly 80.0 acre shaped tillable flat to sloping tillable parcel with 64.0 acres of tillable and 126.9 PI with limited woodland in draws extending south to north, having received the same high level of care as Tract One. Rural water available.

Location:

One mile east of Literberry on the southwest corner of intersection of Literberry-Prentice Road and Crazy Horse Road, nine miles north of Jacksonville, ten miles south of Virginia.

Information:

Additional Property Documents

Aerial Map | Plat Map | Soils Map

Brief Legal:

Parcel Number 04-13-100-001 | 80.0 Acres | Taxes $2,262.42

The North Half of the Northwest Quarter of Section Thirteen (13), Township Sixteen (16) North, Range Ten (10) West of the Third Principal Meridian, Morgan County, Illinois.


Auction Terms:

All announcements made on auction day take precedence over any prior electronic, oral or written advertising. All information provided here and in printed advertising pieces is believed to be accurate; however, no liability for inaccuracies or omissions is assumed. All lines drawn on map and photographs are approximate and for demonstration purposes. There are no expressed or implied warranties pertaining to the properties. Parcels are being sold “as is,” and are subject to all easements written or unknown.

All tracts will be sold separately by the acre with the auctioneer reserving the right to set bid increments. Buyer(s) should identify all information to their satisfaction. Bidding is not contingent upon financing, inspection, or appraisal.

Immediately upon conclusion of auction, Seller and Buyer(s) shall execute a purchase agreement with Buyer(s) to pay Ten Percent (10%) of purchase price as a non-refundable down payment. Balance due at closing on or before February 24, 2023.

Real estate taxes pro-rated: 2022 taxes payable in 2023 to be paid by Seller by giving Buyer(s) a credit against the purchase price based on best available information, Buyer(s) to assume 2023 and subsequent taxes. Seller will provide title insurance in amount of purchase price.


Sellers:

Elaine H. Fite, Mark D. Hanson and Kevin Michael Hanson

Attorney:

Daniel J. Beard – Bellatti, Fay, Bellatti & Beard, LLP – 816 West State Street, Jacksonville, IL

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