Hancock County, IL Land Auction
Thursday, October 10 at 5:00 pm
Hancock County, IL Land Auction
260.36 Acres - 3 Tracts
Thursday, October 10, 2024 at 5:00 PM
AUCTION TO BE HELD AT THE BASCO COMMUNITY BUILDING IN BASCO, IL.
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.
SOLD
AUCTION RESULTS
Tract |
Surveyed Ac. |
Price Per Ac. |
Total |
TRACT 1 |
103.24 |
$6,500.00 |
$671,060.00 |
TRACT 2 |
102.23 |
$6,500.00 |
$664,495.00 |
TRACT 3 |
54.89 |
$4,050.00 |
$222,304.50 |
|
|
|
TOTAL |
$1,557,859.50 |
LOCATION & GENERAL INFORMATION - The Peterson farms are located 3 miles west of West Point, IL on the West Point Blacktop. From Carthage, IL, 10 miles south on Highway 336 to Road 400N then 7 miles west on the West Point Blacktop. All 3 tracts sell with full possession when the current crops are removed. Hunting rights will be given at closing as well. Prospective buyers have permission to access these tracts for inspection.
TRACT 1 - 103.24 surveyed acres situated on the south side of the West Point Blacktop, Road 350N, in the Southwest Quarter of Section 18, St. Albans Township. There are 60 acres tillable with Keomah and Fishhook soils and a 111 PI. The balance of the farm is mostly timber with excellent hunting along with a few waterways.
TRACT 2 - 102.23 surveyed acres situated on the north side of the West Point Blacktop, in the Northeast Quarter of Section 18, and the Northwest Quarter of Section 17, St. Albans Township. There are 60 acres tillable with Keomah, Elco Ursa, and Fishhook soils and a 101.4 PI. The balance of the farm is mostly timber with a few waterways and a small pond.
TRACT 3 - 54.89 surveyed acres situated on the north side of the West Point Blacktop adjacent to the east side of tract 2. It is in the Northwest Quarter of Section 17 of St. Albans Township. This tract is primarily timber with 10 acres of tillable farmland with a 100 PI. This is a very nice recreational tract of land with excellent deer, turkey and small game hunting.
TERMS & CONDITIONS OF SALE - All 3 tracts will be sold on a price per acre basis, based on the listed surveyed acres. They will be sold "Buyer's Choice". Ten percent of the selling price to be paid at the completion of the auction with the balance due on or before November 12, 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 Buyers. 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. Immediately following the auction, each Buyer 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, Andrew W. Staff, 217-228-8470.
ALL ANNOUNCEMENTS MADE AT THE AUCTION
SHALL SUPERSEDE ANY PRIOR ADVERTISING.
Heirs of Leonard & Kathryn Peterson Estates
ATTORNEY FOR SELLER - ANDREW W. STAFF
Staff & Staff Attorneys at Law • 237 North 6th Street, Quincy, IL 62301 • 217-228-8470
