Hancock County, IL Land Auction
Friday, September 27 at 10:00 am
Hancock County, IL Land Auction
738.83 Acres - 11 Tracts
Friday, September 27, 2024 at 10:00 AM
Auction to be held at the Eagles Club, 519 N. Madison, (HWY 94N), Carthage, IL.
SOLD
AUCTION RESULTS
Tract |
Surveyed Acres |
Price Per Acre |
Total |
TRACT 1 |
81.81 |
$15,000.00 |
$1,227,150.00 |
TRACT 2 |
81.02 |
$13,300.00 |
$1,077,566.00 |
TRACT 3 |
53.11 |
$8,800.00 |
$467,368.00 |
TRACT 4 |
80.65 |
$13,200.00 |
$1,064,580.00 |
TRACT 5 |
81.55 |
$15,000.00 |
$1,223,250.00 |
TRACT 6 |
47.63 |
$17,750.00 |
$845,432.50 |
TRACT 7 |
96.14 |
$12,400.00 |
$1,192,136.00 |
TRACT 8 |
94.39 |
$13,100.00 |
$1,236,509.00 |
TRACT 9 |
78.14 |
$13,400.00 |
$1,047,076.00 |
TRACT 10 |
32.32 |
$13,700.00 |
$442,784.00 |
TRACT 11 |
12.07 |
$9,000.00 |
$108,630.00 |
|
|
|
TOTAL |
$9,932,481.50 |
This will be an in-person auction with live on-line bidding available through Proxibid.
IMPORTANT - If you are thinking about bidding on-line, register at least 24 hours prior to the auction. We may not be able to verify your information in the few hours prior to the auction.
LOCATION & GENERAL INFORMATION - The Johnson land is located in Sections 1, 2, 11, 25, 29 & 32 of Harmony Township, Hancock County, IL. Tracts 1 - 4 containing 296.59 acres are located 8 miles south of Carthage, IL on Highway 336 to road 650N (Denver Blacktop) on the west and north sides of Denver, IL in Sections 29 & 32. Tract 5 containing 81.55 acres is located 3 1/2 miles east of Denver, IL to Road 2450E then 1 mile north and 1/4 mile east in Section 25. Tracts 6 - 11 containing 360.69 acres are located 4 miles south of Carthage, IL on Highway 336 to Road 1000N (Bentley Blacktop) then 5 mile east to Road 2400E. 5 of these 6 tracts are situated north along 2400E.
TRACT 1 - 81.81 surveyed acres located 1/2 mile north of Denver, IL on road 2050E. It is nearly all level and tillable except for an area in the southwest corner with a small building and 4 grain bins with combined capacity of approximately 20,000 bu. There are a few tile lines where needed. Soil types are mostly Ipava & Virden with a 138.2 PI.
TRACT 2 - 81.02 surveyed acres located 1/2 mile north of Denver, IL on road 2050E and adjacent to the west side of Tract 1. There are 75 acres tillable with the balance being a wooded draw. There are a few tile lines where needed. Soil types are mostly Ipava, Virden & Timewell with a 136.1 PI.
TRACT 3 - 53.11 surveyed acres located at the north edge of Denver, IL on road 2050E and adjacent to the south end of Tract 1. It has approximately 46 tillable acres with Ipava, Coatsburg & Virden soils and a 116 PI. The balance of the farm consists of a wooded draw. There are a few tile lines where needed.
TRACT 4 - 80.65 surveyed acres located at the west edge of Denver, IL. Highway 336 borders the west end and County Blacktop 650N (Denver Blacktop) borders the south side. This tract is all tillable except an area in the southwest corner which has a cell tower. Soil types are Virden, Ipava & Rubio with a 133.2 PI. The west half is pattern tiled with 4" on 40' spacing and the east half has tile where needed. There is no tile map. Contact Auction Co regarding the tower information.
TRACT 5 - 81.55 surveyed acres located 3 1/2 miles east of Denver, IL on the Denver Blacktop to Road 2450E, then 1 mile north and 1/4 mile east. This tract is all tillable except for some well maintained grass waterways. It has mostly Timewell, Ipava & Virden soils with a 135.7 PI. Approximately 50 acres are pattern tiled with 4" on 40' spacing. Road 750 borders the south and 2500E is on the east side.
TRACT 6 - 47.63 surveyed acres located 3 miles east of Bentley, IL on County Blacktop 1000N (Bentley Blacktop). It is all tillable with Ipava, Clarksdale & Assumption soils and a 127.5 PI. This entire tract is pattern tiled with 4" on 40' spacing. There is no tile map. Road 2400E borders the east side.
TRACT 7 - 96.14 surveyed acres located 3 1/2 miles east and 1/2 mile north of Bentley, IL on the west side of road 2400E. It is all tillable with mostly Clarksdale & Timewell soils and a 125 PI. There are a few tile lines where needed. The north side borders Tract 8.
TRACT 8 - 94.39 surveyed acres located 3 1/2 miles east and 3/4 mile north of Bentley, IL. on the west side of road 2400E. It is all tillable with mostly Clarksdale soils and a 122 PI. There are a few tile lines where needed. The south side borders Tract 7 with roads 2400E on the east, 1100N on the north and 2350E on the west.
TRACT 9 - 78.14 surveyed acres located 3 1/2 miles east and 1 1/2 miles north of Bentley, IL. It is all tillable with Clarksdale, Ipava & Fishhook soils and a 120.3 PI. This tract is pattern tiled except the east 18 acres with 4" on 40' spacing. Road 2400E borders the east, 1150N on the north and 2350E on the west.
TRACT 10 - 32.32 surveyed acres located 3 1/2 miles east and 1 1/2 miles north of Bentley, IL. It is all tillable with Clarksdale & Ipava soils and a 123.5 PI. Roads 2400E borders the west side and 1150N is on the north.
TRACT 11 - 12.07 surveyed acres located 3 1/2 miles east 1 1/2 miles north and 1/2 mile east of Bentley, IL. It is nearly all tillable with Rozetta & Fishhook soils and a 105.5 PI. It is currently in hay production. This small tract would make an excellent new home building site. Road 1150N borders the north end.
METHOD & TERMS OF SALE - All tracts will be sold on a price per acre basis. Tracts 1 - 4 will be sold first and will be sold Buyer's Choice. Tract 5 will then be sold, followed by Tracts 6 - 11 which will be sold Buyer's Choice. Ten percent of the bid price to be paid at the completion of the auction with the balance due on or before October 28, 2024. Title Insurance in the full amount of the purchase price will be provided by the Sellers. The 2024 real estate taxes which will be due and payable in 2025 will be paid by the Sellers with the 2025 and all subsequent taxes being the responsibility of the Buyer. Possession will be given at time of closing subject only to the rights of the current tenant for the remainder of the of 2024 crop year. The farm sells free and clear of 2025 farming rights. Tracts 7 & 8 sell with a stipulation restricting the building of a hog facility. Immediately following the auction, the Buyers shall enter into a written purchase agreement with the Sellers. A copy of said contract may be inspected prior to the auction by contacting the attorney for Sellers, Gene Anderson at 319-754-7585.
ALL ANNOUNCEMENTS MADE AT THE AUCTION SHALL SUPERSEDE ANY PRIOR ADVERTISING.
Warren Johnson Family Trust &
Warren Johnson Charitable Trust
ATTORNEY FOR TRUSTS - H. EUGENE ANDERSON
Anderson, Roberts, Porth, Wallace, Stewart & Werner LLP
524 N. Main Street, Burlington, IA, 52601 • 319-754-7585
