SOLD!
Tract 1: $125,000.00 (Lump sum)
Tract 2: $5,800.00/acres ($733,932.00)
“The Morrell Farm"
Bid Live or Online!
143.34 +/- Acres, Selling in 2 Tracts
Thursday, November 10th @ 10 a.m.
McDonough County 4-H Center
3028 W. Jackson Street in Macomb
Available for inspection: 11 a.m. - 1 p.m. on Sunday, November 6th, or by appointment.
Tract 1 - The Morrell Farm
Tract 1: 16.8 +/- Taxable Acres (selling as a lump sum price)
Located at 1585 US Hwy 67, approximately 1.5 miles South of Industry.
A great residential property with the perfect mix of pasture, timber & pond!
1,463 SF Ranch home. 3 Bedroom/1 bathroom on main level, with attached 2-car garage.
Mostly finished walk-out basement with 2 additional bedrooms, full bath, laundry room, family room, and mechanical room.
52’ x 31’ post-frame building (dirt/gravel floors).
Stocked pond (catfish/bluegill/bass).
Tax ID: 09-000-340-00.
Property Taxes: $1,024.50 (2021). Exemptions: $6,000 Owner occupied & $5,000 Senior citizen.
Brief Legal Description: S26 T4 R2 SW COR NW EX ROW NW COR
House Information
Built in 1974
Frame construction, poured concrete basement walls, vinyl siding, asphalt shingles.
Central A/C (2015), gas forced-air furnace - propane (2005), gas water heater (2016).
Private well, septic system, termite bait station (Seventh Son Termite & Pest).
Whole house fan, newer replacement windows throughout , kitchen appliances stay.
Kitchen: 13’ x 12’
Informal Dining Room: 15’ x 12’
Living Room: 16’ x 15’
Master Bedroom: 15’ x 13’
Bedroom 2: 12’ x 11’
Bedroom 3: 12’ x 10’
Bathroom: 8’ 6” x 7’ 6”
Interactive Mapping
Aerial Photos/Topography Maps
House/Outbuilding/Property Photos
Tract 2 - The Morrell Farm
Tract 2: 126.54 Surveyed acres (selling on a dollar per acre basis)
Located approximately 1 mile South of Tennessee: South on E 350th Street, when road turns West and becomes N 750th Road, property lies to the East of the road and entrance is straight South.
Access to the property is by easement, across 3515 N 750th Road (see detailed easement map and plat below).
Approximately 36.19 Tillable acres, with remainder in timber. A creek meanders (North-South) through the Eastern portion of the property, eventually feeding into Troublesome Creek.
Incredible deer, turkey & morel mushroom hunting.
Grain bin and 1.25 +/- acre pond located at the Northwest corner of the property.
Free of any farm/hunting leases.
Tax ID: 18-000-218-05
Property Taxes: $1,309.88 (2021)
Brief Legal Description: S27 T5 R4 PT NW COR W 1/2 SE
Interactive Mapping
Property Photos
Easement Information (updated 11/2/2022)
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.
SUBJECT TO COURT APPROVAL: The sale of both tracts are subject to the court’s approval.
POSSESSION: Purchaser will receive possession at closing, which will be on or before Monday, December 12, 2022, at the law offices of Holland & Holland, 397 W. Main Street, Bushnell, IL.
SURVEY: Tract 1 shall be conveyed by the existing legal description and acreage reported by the McDonough County Assessor’s Office, reporting 16.8 acres. Tract 2 shall be conveyed by the existing legal description and survey dated October 30, 2010, totaling 126.54 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.
PROPETY TAX PRORATION/FARM INCOME: Taxes for any year prior to the year in which the sale occurs will be paid by the seller. Tract 1: At closing, the sellers will issue a credit to the purchaser for the prorated portion of the 2022 real estate property taxes. Tract 2: The sellers will retain the farm income from 2022, and, at closing, will credit the purchaser for the entirety of the 2022, real estate taxes. All subsequent year’s taxes will be the responsibility of the purchaser.
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 November 10, 2022. 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 December 12, 2022. 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.