Farm Land Auction
32.128 Surveyed Acres – Morris, IL
Saturday, January 15, 2022 @ 10:00 AM
Part of the SW¼ of the NE¼ of Sec 15 – Wauponsee Twp – Grundy Co, IL
Auction Location: Moose Lodge #967, 3835 IL-47, Morris, IL 60450
Farm Location: 620 E. Southmor Rd, Morris, IL 60450
Directions: 1 mile south of the Illinois River Bridge on IL-47, then east 1/2 mile on Southmor Rd
*All maps on our website and brochure have NOT been altered in any way. They are true and accurate to the date they were created. We provide the most accurate representation of the property to the bidder so they have the highest confidence in their bid.
Seller: Carol Peacock-Jacobson and Debra Peacock Arroyo
Black & Black Lawyers
201 Liberty St #211, Morris, IL 60450
PIN: 05-15-251-003 & 05-15-251-004.
32.128 Surveyed Acres (31.64 Acres shown on recent tax statement).
2020 Taxes $462.10 ($14.38/acre).
30.53 Tillable Cropland (FSA).
97.1 Crop Productivity Index.
1.5 Miles South of Morris Illinois River Bridge.
Farm Lease Open for 2022.
Maps and Additional Information (click images)
Announcements: Information provided herein was obtained from sources deemed reliable, but neither Richard A. Olson & Associates, Inc nor the Seller make any guarantees or warranties as to its accuracy. All potential bidders are urged to inspect the property, its condition, and to rely on their own conclusions. All maps, dimensions, and acreage figures are approximate or “more or less”. Any announcements made auction day by Richard A. Olson & Associates, Inc will take precedence over any previous printed materials or oral statements.
Agency: Richard A. Olson & Associates, Inc and its representatives are acting as Agents of the Seller.
Farm Lease: The farm lease is open for 2022. The Seller retains all cash rent for 2021. Tenant retains all 2021 crops.
Taxes: 2021 Real Estate Taxes (due in 2022) will be credited to the Buyer(s) at closing. All future taxes will be the responsibility of the Buyer(s).
Conditions: This sale is subject to all easements, covenants, restrictions of record, and leases. Each Bidder is responsible for conducting, at their own risk, their own inspections, inquiries, and due diligence concerning the property. All property is sold on an “AS IS-WHERE IS” basis with no warranties or guarantees, either expressed or implied, by the Seller or Richard A. Olson & Associates, Inc.
Contract and Title: Immediately upon conclusion of the auction, the high bidder(s) will enter into a Seller’s real estate contract which provides all the terms and conditions. The Seller will provide title commitment in the amount of the contract price. Sale is not contingent upon Buyer(s) financing.
Earnest Payment: The successful bidder(s) will be required to deposit 10% of gross sales price earnest money to be held by Seller’s Attorney in an escrow account and will be applied to the purchase price.
Closing: The sale closing is on February 15, 2022. The balance of the purchase price must be paid by wire transfer to account of settlement agent.
Possession: Possession will be granted on closing date. Crops have been removed from the field.
Sale Method: The real estate will be offered on a per acre basis for the 32.128 surveyed acres. Bidding increments are solely at the discretion of the Auctioneer. No absentee or telephone bids will be accepted without prior approval of Richard A. Olson & Associates, Inc and Seller. All decisions of the Auctioneer are final.
Approval of Bids: Final sale is subject to the Seller’s approval or rejection.
Auction conducted by Richard A. Olson & Associates, Inc.
Dick Olson – IL License #440.000585
Erik Olson – IL License #441.001909
531 Bedford Rd, Morris, IL 60450