Hancock County, IL Land Auction
Saturday, September 16 at 1:00 pm
Hancock County, IL
Land Auction
28 Acres - 2 Tracts
Saturday, September 16, 2023 at 1:00 PM
Auction to be held at the Knights of Columbus Hall,
1275 Mulholland Street, Nauvoo, IL
This will be a live, in-person auction, with on-line bidding available through Proxibid with no Buyer's Premium. Please register at least 24 hours prior to the auction to be guaranteed acceptance on the bidding platform.
SOLD
AUCTION RESULTS
Tract |
Surveyed Acres |
Price Per Acre |
Total |
Tract 1 |
25.54 |
$6,200.00 |
$ 158,348.00 |
Tract 2 |
1.40 |
- |
$ 30,000.00 |
|
|
|
Auction Total |
$ 188,348.00 |
LOCATION & GENERAL INFORMATION
The Shanks property is located 1 mile south of Niota, IL on County Road 1120E (Niota, IL is directly across the Mississippi River from Fort Madison, IA). It is situated in the North Half of Section 14 of Appanoose Township, Hancock County.
TRACT 1 - 25.54 surveyed acres consisting of beautiful, rolling, hardwood timber with some marketable trees. It also has a small pond. This property offers excellent deer and turkey hunting as well as some attractive, potential new home building sites with Dallas Rural Water available. County Blacktop 1120E borders the west side and 2770N borders the south side. Prospective buyers have permission to walk over and inspect this tract.
TRACT 2 - 1.40 surveyed acres improved with a 3 bedroom home which is in need of some major repairs. The full basement includes a single car garage. It is serviced by Dallas Rural Water. County Blacktop 1120E borders the west side. To inspect the interior of this home, contact Mike Sullivan 217-357-5252.
METHOD & TERMS OF SALE
These 2 tracts will be sold individually and will not combined. Tract 1 will be sold on a price per acre basis, based on the surveyed acres. Tract 2 will be sold for a total dollar amount. Ten percent of the bid price is to be paid immediately following the auction with the balance due on or before October 16, 2023. The Sellers will provide Title Insurance in the full amount of the purchase price. The 2023 real estate taxes which will be due in 2024 are to be prorated to the date of closing. Buyer(s) will be required to enter into a purchase contract with the Sellers. Full possession will be given at closing. There are no hunting leases associated with the property and the Buyer will have permission to hunt on this land after signing the contract and paying the down payment.
ALL ANNOUNCEMENTS MADE AT THE AUCTION SHALL SUPERSEDE ANY PRIOR ADVERTISING
ELI & JUANITA SHANKS ESTATES
ATTORNEY FOR SELLERS - TYLER E. PHILLIPS
Rober Law P.C. • 431 Hampshire, Quincy, IL 62301 • 217-209-0324
