Sangamon Co. Land Auction
RICHARD STONE TRUST
Details below for 106.89 +/- acres to be sold in 2 tracts near Salisbury, IL. New survey in progress.
Live and online. Online registration and bidding begins Dec. 9, 2022. Visit Richard Stone Trust register and prebid.
Tract 1 Taxes: 35.39 +/- acres (30.81 +/- tillable) UPDATED SURVEY SHOWS 35.77 ACRES
$1203.76 subject to reassessment
Tract 2 Taxes: 71.50 +/- acres (69.14 +/- tillable) UPDATED SURVEY SHOWS 71.49 ACRES
$3447.28 subject to reassessment
CORN YIELDS SOYBEAN YIELDS
| TRACT 1 | TRACT 2 | YEAR | TRACT 1 | TRACT 2 |
| 215 | 226 | 2022 | – | – |
| – | – | 2021 | 49 | 77 |
Terms and Conditions
The farm will be sold on a price per acre basis according to the latest survey. (Survey is currently in progress.) Buyer(s) will enter into a non-negotiable 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. Sellers shall pay the 2021 real estate taxes payable in 2022. Buyer(s) will receive a credit at closing for the 2022 taxes due and payable in 2023 based on the latest ascertainable real estate information available. Sellers will provide title insurance in the amount of the purchase price subject to the permitted exceptions and the title company’s usual and customary exceptions. Possession will be given at the time of closing. Closing will be on or before January 19, 2023. Property is being sold subject to owner confirmation.
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 non-negotiable contract on the day of the auction. Closing will be on or before January 19, 2023.
Disclosure of Owner Names
Richard Stone Trust
Contact Information
Aron Cowman 217-473-4840
Ron Cowman 217-473-7550
Aerial Map - Tract 1 (35 acres)Auction Date
December 19, 2022
Auction Start Time
10:00 a.m.
Auction Location
Knights of Columbus (Casey's Pub), 2200 Meadowbrook Rd., Springfield, IL 62711
Directions
TRACT 1: West of Springfield on IL Rt. 97 & 125. Approximately 1.5 miles north of Rt. 125 junction on Smith Rd. Farm lays to the east of Smith Rd. Watch for signs. TRACT 2: From Junction of IL Rt. 97 & 125, approximately 4 miles north on IL Rt. 97 to Salisbury, then approximately 1/2 mile north on Mill Street (stay left onto Salisbury Cemetery Rd.) Watch for signs.
Additional Information
TRACT 1 is slightly rolling, offers building site potential and is income producing. TRACT 2 is income producing and has rural water available.