Sangamon Co. Farm Land Auction
Francis “Red” Fromme & Family Estate 111.684 +/- acres
Joseph & Joyce Fromme Farm 38.416 +/- acres
BRIEF LEGAL:
Tract 1 – Francis “Red” Fromme & Family Estate (111.684 +/- acres): The North Five Acres of the North Half of the Northwest Quarter of Section 35, and, part of the East Half of the Southwest Quarter and the East Half of the Northwest Quarter of Section 26, all in Township 15 North, Range 8 West of the Third principal Meridian, Sangamon County, Illinois.
*Tract 2 – Joseph & Joyce Fromme Farm (31.657 +/- acres): Part of the East Half of the West Half of Section 26, Township 15 North, Range 8 West of the Third Principal Meridian, Sangamon County, Illinois.
*Tract 3 – Joseph & Joyce Fromme Farm Residence (6.759 +/- acres): Part of the East Half of the West Half of Section 26, Township 15 North, Range 8 West of the Third Principal Meridian, Sangamon County, Illinois.
* NOTE: The Joseph and Joyce Fromme Farm consists of two (2) tracts; Tract 2 consisting of 31.657 +/- acres and Tract 3 consisting of 6.759 +/- acres and will be sold together as one parcel.
TAXES:
Tract 1 Approx. $3457.65; Subject to reassessment
Tract 2 Approx. $980.10; Subject to reassessment
Tract 3 Approx. $2056.20; Subject to reassessment
SOIL TYPES:
68A Sable silty clay loam
244A Hartsburg silty clay loam
43A Ipava silt loam
705B Buckhart silt loam
AVERAGE SOIL TEST RESULTS:
Ph – 6.6
P1 – 82
K – 457
YIELDS:
Corn: 2012 (186 bu.); 2013 (188 bu.); 2014 (205 bu.)
Beans: 2012 (50 bu.); 2013 (78 bu.); 2014 (79 bu.); 2015 (45 bu.)
Tract 3 is located at 16750 Red Lane, New Berlin, IL 62670 and consists of a two-story home and some out buildings in a country setting.
House: 4 bedrooms, 2 full bathrooms, large closets, large living room with lots of natural light, modern eat-in kitchen, large dining room, office, laundry room, original woodwork and pocket doors, 22×30 attached garage, 16 kw whole house auto-start Generac generator; Shop: 64×40 insulated metal shed, concrete floor, half is heated, shop side has insulated 20×12 overhead door; cold storage is 40×32 and has 16×12 overhead door; Storage Bldgs.: 12×20 metal storage building with 10×10 overhead door; 24×24 metal storage building w/electricity and (2) 10×10 overhead doors; 24×16 block building with electricity and 10×10 overhead door; Grain Bins: (1) 5,000 bushel bin with fan and load out motor, (1) 10,000 bushel bin with fan and load out motor; Other: 3.7 kw wind generator.
Patrick J. Sheehan, Attorney
Springfield, IL
Additional Photos
Terms and Conditions
TERMS: The Francis “Red” Fromme & Family Estate official survey is complete. The tract will be sold on a price per acre basis. The surveyed tract acreage will be used to calculate the final tract settlement price. Ten percent (10%) of the bid price will be due on the day of the sale with the balance payable at time of closing. The 2015 Real Estate Taxes due and payable in 2016 will be paid by the Seller. Buyer(s) will pay 2016 Real Estate Taxes due in 2017. Sellers will provide title insurance in the amount of the purchase price. Closing is expected to be in approximately 30 days. Possession will be given at the time of closing.
The Joseph and Joyce Fromme Farm consists of two (2) tracts; Tract 2 consisting of 31.657 +/- acres and Tract 3 consisting of 6.759 +/- acres and will be sold together as one parcel. 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 2015 Real Estate Taxes due and payable in 2016 will be paid by the Seller. Buyer(s) will pay 2016 Real Estate Taxes due in 2017. Sellers will provide title insurance in the amount of the purchase price. Closing is expected to be in approximately 30 days. Possession will be given at the time of closing. Buyer(s) will reimburse Seller for the fertilizer and fall applied herbicides for Tracts 2 and 3.
All announcements sale day shall take precedence over any prior advertising either written or electronic. 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, and subject to owner approval. Buyers must have financing arranged prior to sale day.
Payment
Cash or checks only. Ten percent (10%) of the bid price will be due on the day of the sale with the balance payable at time of closing.
Disclosure of Owner Names
Francis “Red” Fromme & Family Estate, and; Joseph & Joyce Fromme
Contact Information
Aron Cowman 217-473-4840
Ron Cowman 217-473-7550
Ed Cowman 217-473-0411
Auction Date
January 18, 2016
Auction Start Time
1:00 p.m.
Auction Location
Knights of Columbus Hall; 715 East Illinois St.; New Berlin, IL 62670
Directions
East of Alexander 4 miles on Rt. 54 or old Rt. 36. West of New Berlin 2 ¼ miles on Rt. 54 or old Rt. 36, then south on Island Grove Road. Watch for signs.
Additional Information
Tract 3 address is: 16750 Red Lane; New Berlin, IL 62670
Viewing of the house: Saturday and Sunday, January 9th & 10th from 1-3 p.m.