10 January, 2025 10:29 am
Survey Now Available! Tillable Farmland with a PI rating of 116.9 and a Country Acreage with pasture & a pond on a hard surface road! For more information call Steffes Group at 319.385.2000.
Hancock County, Illinois LAND & ACREAGE AUCTION
Auction to be held at Hotel Nauvoo, 1290 Mulholland Street, Nauvoo, Il.
Open House on Thursday, June 28th from 10-11AM
86.37 Surveyed Acres– SELLS IN 2 TRACTS
Auctioneer’s Note: Steffes Group is honored to be chosen to sell the Gerhardt Trust land at public auction. Tract #1 will be sold price per surveyed acre, while Tract #2 will be sold lump sum price.
Tract #1 – 69.04 Surveyed Acres
Tract #1 is located 2 miles south of Niota on County Road 1150.
FSA information: 68.39 acres tillable
PI Rating: 116.9
Productive soils include: Atterberry, Fishhook & Muscatune
Located in Section 23, Appanoose Township, Hancock County, Illinois.
Tract #2 – 17.33 Surveyed Acres
Tract #2 is located 1 ½ miles south of Niota on County Road 1150, to 2730 N County Road 1150.
If you are looking for a home in the country with buildings & pasture setup for horses or livestock, this is your property! This three bedroom home features over 1,550 sq. ft. of space on two levels. The main level features an L shaped living room and a kitchen with new cabinets & French doors leading to the large deck. There is also a ½ bath off of the kitchen. The upstairs offers 3 bedrooms and a full bath.
Other amenities of the home include natural woodwork throughout, several replacement windows and a steel roof. The basement has a newer Water Furnace Envision geothermal heating & cooling system, washer/dryer hookups, well water, two electric water heaters, 150 & 100 amp breaker boxes.
Outbuildings include a 24’x28’ Carriage House with concrete floor, furnace & garage door, 45’x81’ machine shed, 42’x60’ machine shed, 16’x45’ open faced shed and a detached 26’x28’ two car garage. Along with a fenced pasture with a pond & automatic waterer. Excellent location on a hard surface road. All situated on 16 acres M/L.
Not Included: Farm machinery, 3 horse stalls in machine shed, Hay feeders, Personal Property
Terms: 20% down payment on July 12, 2018. Balance due at closing with a projected date of August 27, 2018. Personal check or cash is acceptable for down payment; balance shall be paid by cash, certified check or wire transfer. Full possession will be given at the time of closing, subject only to tenant’s rights on the tillable & pasture ground for 2018. Title Insurance in the full amount of the purchase price will be provided by the seller. The 2017 real estate taxes, due and payable in 2018, will be paid by the seller. The 2018 real estate taxes will be prorated to the date of closing. Possession will be given at the time of closing.
Tract #1 sells subject to a cash rent crop tenancy on the tillable ground and 50/50 on the hay ground for the 2018 crop year. Buyer of Tract #1 will receive the second half of the 2018 cash rent. Tract #2 sells subject to cash rent on the pasture ground. Buyer of Tract #2 will have full possession of the home & outbuildings at closing, and will receive a prorate of the pasture cash rent at closing. Immediately following the auction of the real estate, the successful buyer shall enter into a written contract with the seller. Said contract will be available for review prior to the auction.
Special Provisions:
Ben & Clara Gerhardt Trust
Farmers & Merchants Bank & Trust – Trustee
Kelli S. Johnson – Trust Officer
221 Jefferson Street, Burlington, IA
Closing & Representing Attorney – Alyssa R. Stewart
Anderson, Roberts, Porth, Wallace & Stewart LLP
524 North Main Street, Burlington, IA 52601 – 319-754-7585
For information contact Steffes Group at 319.385.2000
Tim Meyer: Illinois Licensed Auctioneer #441.001748 – Illinois RE Managing Broker #471.006809