Marshall Estate Land Auction

Real Estate

Location: Online Only, Chillicothe, IL

11 a.m. Friday, December 18th, 2020

458 Acres m/l offered in 4 Tracts located in Peoria and Marshall counties, Illinois

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PEORIA & MARSHALL COUNTY, ILLINOIS LAND AUCTION
458 Acres± (Subject to Survey) • 4 Tracts

Auction to be conducted as a virtual, online only auction. No on-site bidding permitted.
If you need assistance with internet bidding, please contact our office at (844) 847-2161.

Location
The land is located in Sections 1 & 7, T11N•R8E, Hallock Township, Peoria County, IL & Section 36, T12N•R8E, La Prairie Township, Marshall County, IL. Tract 1 is located approximately 5 miles northwest of Chillicothe, IL and Tracts 2 – 4 are located approximately 2 miles north of Chillicothe, IL. Chillicothe is located approximately 18 miles north of Peoria, IL.

Tract Information

Tract 1 – 159.16 Taxable Acres

FSA records indicate 149.1 cropland acres.
Balance of the acres is terraces, waterways and a building site.
Soil Productivity Index: 137.6 (Class A tillable acres)
Soil types include: Osco, Catlin, Ipava & Sable.
The building site has water service from the Edelstein Water Coop
Road access along the west side from St Rt 40 and along the south side from W Santa Fe Rd.

Tract 2 – 119 Acres± (subject to survey)

FSA records indicate 33.27 cropland and CRP acres.
15.07 acres of cropland.
10.7 CRP acres with an annual payment of $2515, contract expires 9/30/2023
7.50 CRP acres with an annual payment of $2768, contract expires 9/30/2029.
Soil Productivity Index: 123.4 (tillable acres)
Soil types include: Rozetta, Camden, Wortlen & Huntsville.
Balance of the farm is mature timber with a meandering creek which provides excellent hunting and outdoor recreational opportunities.
Many scenic building sites.
Road access along the east side from N Hampton Rd and by way of a permanent 40′ wide easement that extends to N Hampton Rd

Tract 3 – 85 Acres± (subject to survey)

FSA records indicate 58.0 NHEL cropland acres.
Soil Productivity Index: 118.3
Soil types include: Keomah & Rozetta.
Balance of the farm is mature timber which provides excellent hunting and outdoor recreational opportunities.
Several scenic building sites
There is an older open front building on this tract.
Road access along the west side from N Hampton Rd.

Tract 4 – 94 Taxable Acres

FSA records indicate 54.97 cropland and CRP acres.
51.77 cropland acres.
3.2 CRP acres with an annual payment of $659, contract expires 9/30/2024.
Soil Productivity Index: 113.1
Soil types include: Fayette, Rozetta & Keomah.
Balance of the farm is mature timber which provides excellent hunting and outdoor recreational opportunities.
Several scenic building sites.
Two road access points along the west side off N Hampton Rd.

Method & Terms

The Marshall farm will be sold on a price per acre basis, based on the taxable acres for Tracts 1 & 4 and the surveyed acres on Tracts 2 & 3.

All four tracts will be marketed through the marketing method of buyers choice, whereas the high bidder can elect any or all tracts for their high bid. If the high bidder does not elect all tracts, the remaining tracts will once again be offered buyer’s choice until all tracts have been sold. After all tracts have been sold we will NOT offer the tracts in any kind of combinations or in their entirety. All sales will be final. The sale of these four tracts are not subject to any contingencies including but not limited to financing, inspection or appraisal.

Immediately following the auction, the successful buyer will be required to enter into a written purchase agreement with the seller and pay ten percent (10%) of the bid price. The balance of the bid price will be due at the time of closing on or before Tuesday, January 19, 2021. Bidding is NOT contingent upon financing. Title insurance in the full amount of the purchase price will be provided by the seller. The 2020 real estate taxes, due and payable in 2021, will be paid by the sellers as the sellers are retaining the 2020 crop income. The 2021 & all subsequent real estate taxes will be the responsibility of the new buyer(s). Possession will be given at the time of closing, subject only to the remainder of the current farm tenancy for the 2020 crop year. The farm sells free and clear for the 2021 crop year.

All announcements sale day shall take precedence over any prior advertising either written or oral. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. This real estate is being sold “as is”.

Kathleen Marshall Estate
Patt Konopka, Executor

Paul S. Marshall Trust
Paul Samuel Marshall Jr., Trustee

Tater Hill Acres
Paul Samuel Marshall Jr., Trustee

Representing Attorney: Marci M. Shoff, Hasselberg, Rock, Bell & Kuppler, LLP, 4600 N. Brandywine Drive, Suite 200 Peoria, IL 61614. Phone: (309) 688-9400.