Sold! $9,350.00/acre ($674,050.85)
Another great upcoming Peoria County sale. 72.091 Surveyed acres, with approximately 53 +/- acres of tillable ground. Check back frequently, as we’ll be updating sale info and terms as they become available.
***The adjoining house, 5 acres, bins and outbuilding are available for sale through our brokerage company at www.RhoadesRealtors.com***
Seller: Austin & Myra Cooper
Located at 20901 W. Farmington Road - Trivoli, IL
72.091 Surveyed Acres, Selling in 1 Tract
Thursday, April 27, 2023 @ 10 a.m.
Farmington Moose Lodge - 1001 E. Fort Street, Farmington, IL
Tract 1 - The Cooper Farm
Tract 1: 72.091 Surveyed Acres (selling on a dollar per acre basis)
Survey has been scheduled and acreage will be updated when available
Access from the South along IL State Route 116
Access from the West, by easement
FSA reports 53.98 +/- tillable acres with an average PI of 112
Soils consist primarily of Rozetta silt loam and Sylvan silty clay loam soils
Ownership is subject to an existing farm lease for 2023. Buyer will be credited 2023 cash rent at closing, totaling $11,130.00
Ownership is subject to an existing wind farm lease option. Buyer will be credited 2023 option fee at closing, totaling $1,000.00
Seller: Austin & Myra Cooper
Representing Attorney: Nick Tinsman
Interactive Map
Aerial Photographs
FSA Documents / Maps / Easement
Wind Farm Lease - Option Agreement
Easement for Access
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, subject to the 2023 farm lease at closing. Additionally, ownership is subject an existing wind farm lease option, dated January 27, 2021 (see document below). Closing will be held on or before Friday, May 26, 2023, at the law offices of Barnhart, Tinsman & Associates, 121 W. Elm Street, Canton, IL 61520.
SURVEY: Tract 1 shall be conveyed by the acreage determined by survey, which will be completed prior to the date of sale.
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 receive a credit at closing for the farm income for 2023 (totaling $11,130.00) , 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 April 27, 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 May 26, 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.