Sold! $9,300/acre ($1,005,283.50)
Auction rescheduled for Thursday, May 4th @ 10:00 a.m.
Farming rights for 2023!!!
Seller: The Estate of Richard W. Keel
Located at the Northeast Corner of Smithville Road & Texas Road
108.095 +/- Acres, Selling in 1 Tract
Thursday, May 4, 2023 @ 10 a.m.
Farmington Moose Lodge - 1001 E. Fort Street, Farmington, IL
Tract 1 - The Richard Keel Farm
Tract 1: 108.095 +/- Acres (selling on a dollar per acre basis)
Tax ID: 16-30-300-001 = 22 +/- Taxable acres
Tax ID: 16-30-300-005 = 88.162 Surveyed acres, less 2.067 acres of Smithville Rd right of way = 86.095 acres.
Located in Logan Township, Peoria County, Illinois
Great access with frontage along both Smithville and Texas Road
90 +/- Tillable acres with an average PI of 112.9
Soils consist primarily of Keomah, Rozetta, Sylvan and Rozetta silt loams
Farming rights available to the purchaser for the 2023 farming season
Access to the property for farming operations prior to closing with a signed purchase agreement, 10% earnest money and proof of insurance
Small area of timber in the NE corner of the farm protects a small tillable portion that would make a great food plot/hunting spot (the timber is contiguous with a larger amount of timber that extends onto neighboring parcels) - Deer stand will be removed prior to closing.
Seller: The Estate of Richard W. Keel (Mary Murphy, Administrator)
Representing Attorney: John McCarthy
Farm Photos
Aerial, Topography & Soil Maps
FSA Documents
Terms of Sale
Property is selling as-is, where-is with all faults and is selling subject to easements, leases, restrictions, covenants, conditions, zoning HOA and POA fees and all other matters which would be revealed by a current survey or an inspection of the property or which is contained in public records. Seller reserves the right to cancel the sale and also reserves the right to reject any and all bids. Property will be conveyed by a Warranty Deed. Information contained herein was obtained from sources deemed reliable. The seller and their agents reserve the right to place bids on the property up to the seller's reserve at their sole discretion. All offers are subject to the approval of the seller. The property will sell as-is, where-is with no warranty, expressed or implied, as to improvements, soil condition, environmental and wetlands, or zoning. No personal property will be conveyed with the real estate. Neither the seller, Kelso Rhoades Real Estate Auction Group, nor their agents will be responsible for any errors or omissions herein. Bidders should carefully verify all information and make their own decisions as to the accuracy thereof before submitting their bid. Purchaser or purchaser’s representative will acknowledge by signature of the real estate sales contract they have inspected the property. The terms of the real estate sales contract are controlling in the event of any perceived inconsistency between its terms and any statements or other advertisement.
CONTINGENCIES: This sale is not contingent on purchasers’ ability to obtain financing and/or appraisal, or subject to any home, radon, lead-based paint, septic, mold, or other inspections.
POSSESSION: Purchaser will receive possession at closing. If the Purchaser would like to access the property prior to closing, access will be granted for farming operations prior to closing with a signed purchase agreement, 10% earnest money and proof of insurance. Closing will be held on or before Thursday, June 15, 2023, at the law offices of John McCarthy, 209 E. Chestnut Street, Suite # 1, Canton, IL 61520.
SURVEY: Tract 1 (consisting of 2 parcel ID’s) shall be conveyed by the existing legal descriptions and a combination of the acreage reported by the Peoria County Assessor’s Office and recent survey, 108.095+/- acres.
OPPORTUNITY CLAUSE: All bidding is open to the public. The property is available to qualified purchasers without regard to a prospective purchaser’s race, color, religion, sex, material status, national origin, or physical handicap.
DEBT COLLECTION & INTEREST CHARGE: The bidder agrees to pay all reasonable attorney fees and other costs incurred by Kelso Rhoades Real Estate Auction Group in its efforts to collect unpaid funds from the bidder. Any debt collection or dispute proceedings will be heard in McDonough County, Illinois.
BUYER’S PREMIUM: There is no buyer’s premium for this auction.
GUARANTEE AGREEMENT: By submitting a bid in the name of a business entity or corporation, the individual submitting the bid enters into a guaranty agreement whereby he or she personally guarantees payment of any bid amount not paid when due by the business entity or corporation, for any reason, together with all collection expenses incurred to enforce collection, including a reasonable attorneys fee.
PROPERTY TAX PRORATION/FARM INCOME: Taxes for any year prior to the year in which the sale occurs will be paid by the seller. As the purchaser will be entitled to farming operations for 2023, they will be responsible for the entirety of the 2023 real estate taxes as well as all subsequent years real estate taxes.
CLOSING EXPENSES: The seller will be responsible for the title search and at closing will issue a commitment for title insurance to the buyer, in the amount of the purchase price. The seller will also pay for preparation and transfer of the deed, transfer taxes and one-half of the actual closing fee.
TERMS FOR ONLINE BIDDING: The online registration will need to be completed. The successful online bidder will be notified immediately following the closing of the auction and a time will be set to either sign the real estate sales contract in person or electronically, neither which will take place later than 5 p.m. on May 4, 2023. The terms of the real estate sales contract will take precedence of any claims made in this notice. At the time of executing the sales contract, earnest money in the amount of 10% of the purchase price will be collected in the form of check or certified funds. The balance of the contract price will be paid in full at closing, which will be scheduled for no later than June 15, 2023. If you have any questions, please call our office at 309-647-8811.
AGENCY: Rhoades Real Estate & Land Auction Services, Inc. DBA Kelso Rhoades Real Estate Auction Group, auctioneer/broker, is acting exclusively as agent for the seller.