270 +/- Acres in White County, IL
Just southeast of Crossville, IL
Real Estate Sold for: $2,838,000
Tuesday, January 18th @ 12:00 PM
Auction Location: Carmi Lions Club located at 305 1st Street, Carmi, IL
270 +/- Acres in White County, IL
(located along County Rd. 1750E in Phillips Township just southeast of Crossville, IL)
Selling in 2 Tracts
Highly productive farmland - 98% tillable
Patton Silt clay and Henshaw silt loams - 122 PI
Oil & gas income on Tract 2 included
Excellent road frontage
Tract 1: Is a 110+/- acre tract that is nearly all tillable with highly productive soils types. The predominate soils are Patton Silty Clay Loam and Henshaw Silt Loam. It has excellent road frontage along CR 1900N to the North and CR 1750E to the West.
Tract 2: Is a 160 ac+/- tract that is also mostly tillable with highly productive soils. The predominant soils are Henshaw Silt Loam and Patton Silty Clay Loam. It has ample road frontage with CR 1750 East running along the Western edge of the property and CR 1720N running through the Southern portion of the farm. Oil and Gas rights are included with the sale of the land. The owners oil income for 2021 is approximately $24,220.
Directions to the Property:
Tract 1: From Crossville, IL drive 8/10-mile east on State Route 14. Turn right (south) onto County Rd 1750E. Drive south for ½ mile. The property will be on your left.
Tract 2: From Tract 1 drive 1-1/2 miles south on 1750E. The property will be on your le. Watch for our signs! AUCTION SITE: Carmi Lions Club located at 305 1st Street, Carmi, IL
Terms and Conditions:
Terms for Real Estate: The purchaser shall pay 10% of the purchase price as a down payment at the auction site at the conclusion of bidding. The balance is due with delivery of the deed on or before March 4th, 2022.
Evidence of Title: The Buyer will be responsible for any fees associated with the owner’s title insurance policy if one is desired. Seller agrees to provide merchantable title to the property subject to matters of record, general conditions of title and similar related matters. All tracts are sold “AS IS”.
Real Estate Taxes: The property taxes shall be prorated. The 2021 payable 2022 property taxes shall be prorated on a calendar year basis as of the day immediately prior to the Closing based on the tax bill for the 2020 payable 2021 property taxes, which shall be deemed conclusive as between Buyer and Seller.
Closing: Closing shall occur on or before March 4th, 2022 at Southern Illinois Land Title.
Mineral Rights: Tract 1: Mineral Rights are not included with the sale of the land. Tract 2: Oil and Gas rights will be included with the sale of the land. 2021 Oil income (est) is approximately $21,000.
Possession: Possession shall be granted to the successful bidder at closing.
Farming Rights: Farm is leased through the 2022 farming season. The new buyer shall receive all farm income for 2022.
Acreage: All tract acreages and proposed boundaries are approximate and have been based off of legal descriptions, tax records, aerial maps and other documents.
Disclaimer: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. THE PROPERTY IS SOLD “AS IS, WHERE IS”. No warranty of representation, either express or implied, or arising by the operation of law concerning the Property is made by the Seller and the Auctioneers and are hereby expressly disclaimed. In no event shall the Seller or Auctioneer/Broker be liable for any consequential damages. The information contained herein is believed to be accurate but subject to verification by all parties relying on it. Seller and Auctioneers assume no liability for its accuracy, errors and omissions. All boundary lines and dimensions are approximate. Seller and Auctioneer reserve the right to preclude any person from the bidding if there is any question, in the sole judgment of the Seller and Auctioneers, as to such person’s creditworthiness, ability or willingness to close on the purchase of the property, credentials, fitness, etc. All decisions of the Auctioneer are final.
There is NO BUYERS PREMIUM. Normal and customary closing costs will apply.
Announcements made day of sale take precedence over printed matter.
Sellers: Gary A. Cleveland Trust
For questions call: Jason Blue, Auctioneer 812-452-3191 | Lic #: 475.156553 1227 Lincoln Ave., Evansville, Indiana