Morgan Co. Land Auction
Martha Routt Trust – Jacksonville, IL
239.47 +/- Total Acres to be sold in 2 Tracts (LIVE & ONLINE)
(Online registration and bidding begins Feb. 1 by visiting Martha Routt Trust )
Brief Legal Tract 1: 221.30 +/- acres (208.02 +/- tillable)
Part of the Northwest Quarter of Section 22, and the West Half of the Northeast Quarter of Section 22, ALL in Township 14 North, Range 10 West of the Third Principal Meridian, Morgan County, Illinois.
Taxes: Approximately $8992.26; subject to reassessment.
Soil Types: Ipava silt loam, Sable silty clay loam, Rozetta silt loam, Clarksdale silt loam, Elco silt loam, Lawson silt loam, Osco silt loam.
Ave. Soil Test Results:
pH P1 K
6.3 76 445 2017
6.3 73 408 2019
| TRACT 1 | CORN | SOYBEAN | |||
| Year | Acres | Yield | Acres | Yield | |
| 2016 | 208.02 | 201.39 | – | – | |
| 2017 | 208.02 | 207.78 | – | – | |
| 2018 | 104.02 | 190.04 | 104.00 | 76.91 | |
| 2019 | 104.00 | 198.65 | 104.02 | 63.87 | |
| 2020 | 208.02 | 205.79 | – | – |
Brief Legal Tract 2: 18.17 +/- acres (15 +/- tillable)
Part of the Northeast Quarter of the Northwest Quarter of Section 9, Township 14 North, Range 10 West of the Third Principal Meridian, Morgan County, Illinois.
Taxes: Approximately $518.65; subject to reassessment
Soil Types: Osco silt loam, Rozetta silt loam, Elco silt loam, Hickory silt loam.
Ave. Soil Test Results:
pH P1 K
6.2 47 284
| TRACT 2 | CORN | SOYBEAN | |||
| Year | Acres | Yield | Acres | Yield | |
| 2016 | 18.43 | 94.54 | – | – | |
| 2017 | – | – | 18.43 | 36.97 | |
| 2018 | 18.43 | 116.27 | – | – | |
| 2019 | – | – | 18.43 | 31.99 | |
| 2020 | 18.43 | 97.61 | – | – |
Terms and Conditions
The farm will be sold on a price per acre basis according to the latest survey. Buyer(s) will enter into a written contract on the day of the auction. Ten percent (10%) of the bid price will be due on the day of the sale with the balance payable at the time of closing. The buyers will receive a credit at closing for the 2020 taxes due and payable in 2021 based on the latest ascertainable real estate information available. Sellers will provide title insurance in the amount of the purchase price. Possession will be given at the time of closing. The Trust is prepared to close immediately. Closing will be on or before March 12, 2021.
All announcements sale day shall take precedence over any prior advertising whether written, oral or electronic. 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 and are for demonstration purposes. There are no expressed or implied warranties pertaining to the property. This real estate is being sold “as is” subject to all easements written or unknown. Seller’s interest in mineral rights will be conveyed. Buyers MUST have financing arranged prior to sale day.
Payment
Ten percent (10%) of the bid price will be due on the day of the sale with the balance payable at the time of closing. Buyers MUST have financing arranged prior to sale day. Buyer(s) will enter into a written contract on the day of the auction. The Trust is prepared to close immediately. Closing will be on or before March 10, 2021.
Disclosure of Owner Names
Martha Routt Trust
Contact Information
Aron Cowman 217-473-4840
Ron Cowman 217-473-7550
Ed Cowman 217-473-0411
Tract 1 Survey & Legal DescriptionAuction Date
February 10, 2021
Auction Start Time
10:00 a.m.
Auction Location
American Legion Hall - 903 W. Superior Ave. - Jacksonville, IL 62650
Directions
Tract 1: From Jacksonville, approximately 2.5 miles south of Interstate 72 on Hwy. 267 South, then East on Hwy. 967 (Old N. Woodson Rd.), then it Y’s left on Hanson Rd. Watch for signs. Tract 2: From Jacksonville, approximately 0.5 miles south of Interstate 72, South on Hwy. Rt. 267, turn east on New Lake Rd. approximately 1 mile. Watch for signs.
Additional Information
Note: Tract 1 has not been pattern tiled, but considerable tile and drainage work has been completed in the last 5-7 years including installation of dry dams/terraces. There is also a 12,500 bushel grain bin with fan (dryer heat compatible) situated on the NW side of Tract 1.