Fayette County, IL Land Auction-Redtop Enterprises
Fayette County, IL Land Auction-Redtop Enterprises
See Special Terms for additional fees
Description
Fayette County, Illinois
The Redtop Enterprises, LLC real estate is located approximately 5 miles north of Farina, IL, or 18 miles south of Altamont, IL, or 19 miles southeast of Vandalia, IL, or 20 miles southwest of Effingham, IL. The property is further described as being in Sections 5 & 6, T5N-R4E, LaClede Township, Fayette County, Illinois.
The real estate contains a total of 320 acres± (subject to survey) and will be sold in 4 tracts. The farms are nearly 100% tillable, highly productive farms. Farmers and investors, be sure to check out these investment quality Fayette County, IL farms.
Auction Managers:
Rodney Borrowman (630) 247-0667
John Borrowman (217) 430-0645
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Method & Terms
Lot # 0 (Sale Order: 1 of 5)
This lot is informational and may be used for test bidding - place your actual bids below on Lots #1-4.
The Redtop Enterprises, LLC real estate will be sold on a price per acre basis, based on surveyed acres. The tracts will be offered through the marketing method of "Buyer's Choice", whereas the high bidder can elect any of the tract(s) for their high bid. If the high bidder does not elect all offered tracts, then the remaining tract(s) will continue to be offered "Buyer's Choice" until all tracts have been elected. The tracts will NOT be offered in their entirety at the conclusion of the auction.
Immediately following the auction, the successful buyer will be required to sign a real estate sales contract and pay ten percent (10%) of the purchase price as a non-refundable down payment which will be held in escrow until closing. The balance of the purchase price will be due at closing which will take place on or before Tuesday, July 2, 2024.
The seller will provide title insurance in the full amount of the purchase price and will pay all the 2023 real estate taxes, due and payable in 2024, through a credit at closing. Buyer will be responsible for 2024 taxes and beyond. Possession will be at closing, subject to the 2024 farm lease, of which the new buyer will receive income for the 2024 crop year (contact the auction manager for details regarding the 2024 farm lease). Open crop tenancy for 2025 and beyond.
Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal, or inspection of the property.
All announcements made sale day take precedence over prior advertising either written or oral. The information in our brochure, in our advertisements, and on our website is believed to be accurate; however, no liability for its accuracy, errors, or omissions is assumed. All lines drawn on maps, photographs, drone video, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties made by the seller or Sullivan Auctioneers, a BigIron company, pertaining to this property. Real estate is being sold "AS IS".
CLICK HERE TO VIEW TITLE COMMITMENT
Redtop Enterprises, LLC
Representing Attorney:
Hugh F. Drake | Brown Hay & Stephens
205 S 5th St #700, Springfield, IL 62701 | (217) 544-8491
Auction Managers:
Rodney Borrowman (630) 247-0667
John Borrowman (217) 430-0645
Tract 1 - 80 acres+/- (subject to survey)
Lot # 1 (Sale Order: 2 of 5)
Quantity: 80
- FSA figures should indicate 78.61 NHEL cropland acres
- Productivity Index (PI): 111.4
- Soil types include Newberry, Hoyleton-Darmstadt, and Hoyleton
- Nearly 100% tillable
- Access along the north side from E. 1150th Ave
The purchase agreement will be adjusted to a quantity of surveyed acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
Tract 2 - 80 acres+/- (subject to survey)
Lot # 2 (Sale Order: 3 of 5)
Quantity: 80
- FSA figures should indicate 78.98 NHEL cropland acres
- Productivity Index (PI): 110.9
- Soil types include Newberry and Hoyleton-Darmstadt
- Nearly 100% tillable
- Access along the north side from E. 1150th Ave
The purchase agreement will be adjusted to a quantity of surveyed acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
Tract 3 - 80 acres+/- (subject to survey)
Lot # 3 (Sale Order: 4 of 5)
Quantity: 80
- FSA figures should indicate 80.01 NHEL cropland acres
- Productivity Index (PI): 112
- Soil types include Newberry, Cisne, and Hoyleton-Darmstadt
- Nearly 100% tillable
- Improved with a grain bin
- Access along the east from N. 2550th Street and along the north side from E. 1150th Ave
The purchase agreement will be adjusted to a quantity of surveyed acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
Tract 4 - 80 acres+/- (subject to survey)
Lot # 4 (Sale Order: 5 of 5)
Quantity: 80
- FSA figures should indicate 79.8 NHEL cropland acres
- Productivity Index (PI): 111.2
- Soil types include Newberry, Hoyleton-Darmstadt, Hoyleton, and Cisne
- Nearly 100% tillable
- Access along the west side from N. 2550th Street
The purchase agreement will be adjusted to a quantity of surveyed acres times the winning bid value for the final purchase amount. The bidding platform rounds the quantity value.
