MULTI PARCEL LAND AUCTION!!!
Dec 13th 1 p.m.
King Pin’s Saloon & Dance Hall
18675 13th St., Fulton, IL 61252
© Duncan Land and Auction 2015
LAND AUCTION - Wednesday, December 13th, 1 PM at King Pin’s Saloon & Dance Hall
Registration and free lunch start at 11:30, Auction
at 1:00 PM sharp.
The following properties will be sold by a reserve price public auction to the highest
bidder subject to approval by the UNITED STATES BANKRUPTCY COURT FOR THE
NORTHERN DISTRICT OF ILLINOIS WESTERN DIVISION.
GEERTS CORDOVA FARM - PARCEL #1
TOTAL ACRES: Approximate 60 total acres (pending survey)
Section 14 Cordova Township, Rock Island County, IL
TILLABLE ACRES: approximately 32.13 acres of tillable crop land and
approximately 21.1 acres of CRP (contract 11075 & 11201)
CRP income is $311.21 per acre.
GEERTS CORDOVA FARM - PARCEL #2
TOTAL ACRES: Approximate 160 total acres (pending survey)
Section 15 Cordova Township, Rock Island County, IL
TILLABLE ACRES: approximately 91.6 acres of tillable crop land and
approximately 55.35 acres of CRP (contract 11075 & 11201)
CRP income is $311.21per acre.
GEERTS CORDOVA FARM - PARCEL #3
Selling all three grain bins totaling 57,000 bushels of storage located
on approximately 1 acre with a legal recorded ingress/egress access easement.
GEERTS FARM UNION GROVE- PARCEL #4
Located in sections 6 & 7, Union Grove Township, Whiteside County,
Illinois, approximately 6 miles Southeast of Fulton. The farm offers
approximately 183.15 total acres with 178.48 labeled as cropland per the FSA
office. Annual CRP income is $9,828 ($327.60 per acre). Property features a
new heavy built bridge with 5 steel “I” beams and 12”x 12” mats will easily
accommodate today’s large equipment. New concrete walls and footings are
designed to hold back erosion. Access to the property is by legal easement
from Mallard Rd. Watch for signs.
TOTAL ACRES: 183.15 M/L
TILLABLE ACRES: 178.48 M/L
CRP ACRES ENROLLED UNTIL 9/30/26 - 30 @ 327.60 per acre
SOILS: include Houghton Muck, Elvers Silt Loam, Littleton Silt Loam,
Whalen Loam.
TOPOGRAPHY: Level to gently rolling
TAXES: $3,752.48 - based off most current information and is subject to
change.
POSSESSION: At closing on or before March 31, 2018.
GEERTS HOME FARM - PARCEL #5
Section 1, Garden Plain Township, Whiteside County, IL
TOTAL ACRES: Approximate 75 total acres (pending survey)
TILLABLE ACRES: approximately 72 acres of tillable crop land.
SOILS: Tell Silt Loam, Richwood Silt Loam, Plainfield Sand & Joy Silt Loam.
GEERTS HOME FARM - PARCEL #6
Section 36, Fulton Township, Whiteside County, IL
TOTAL ACRES: Approximate 134 total acres (pending survey)
TILLABLE ACRES: approximately 81 acres of tillable crop land.
SOILS: Tell Silt Loam, Richwood Silt Loam, Plainfield Sand & Joy Silt Loam.
GEERTS HOME FARM - HOME SITE AND 5 ACRES - PARCEL #7
18222 Frog Pond Rd, Fulton, 61252 - Fulton Township, Whiteside County, IL
DESCRIPTION: 2.5 story, 3 bedroom home situated on approximately 5 acres
(to be surveyed) with 1,960 square feet of living space, 1.5 bath, full
basement. Nice barn, steel machine shed and 20,000 bushel of grain storage.
TAXES: $1,726.22 (Subject to be adjusted when parcel is divided from
farm).
OPEN HOUSE SCHEDULE:
December 2nd, 10 am to noon
December 11th, 4:30 pm to 6 pm
GEERTS GRAIN BIN, DRYER AND PROPANE TANK - PARCEL #8
8,000 bushel grain bin, dryer and propane tank. Buyer must completely remove
prior to June 30, 2018
GEERTS - PARCEL #9
TOTAL ACRES: Approximately 13 acre of productive tillable soil.
Legal easement to access property.
TILLABLE ACRES: approximately 13 acres of tillable crop land.
AUCTION TERMS AND CONDITIONS
SALE LOCATION – Kingpin’s Saloon & Dance Hall, Fulton, IL
SALE DATE – December 13th, 2017. Registration and free lunch start at 11:30, Auction at
1:00 PM sharp.
TERMS AND CONDITIONS OF SALE
1)
Property will be sold “AS IS WHERE IS” to the highest bidder by public auction with
no warranty provided.
2)
Sale is contingent upon final approval by the U.S. Bankruptcy Court.
3)
Successful bidder will be required to enter into a standard purchase contract
immediately at the conclusion of the auction. 10% of the gross purchase price will be
due immediately following the auction. Cashiers check or personal check accepted
with letter of credit from a bank or qualified lending institution. The balance will be
due at time of closing on or before March 31, 2017.
4)
The seller shall provide a title insurance policy in the amount of the purchase price of
the property.
5)
The estimated 2017 real estate taxes due, payable in 2018, and the 2018 real estate
taxes payable in 2019 will be prorated and will be credited by the seller to the buyer at
time of closing.
6)
The information is deemed to be reliable and accurate. We strongly urge all
prospective buyers to execute their own due diligence.
7)
All announcements at day of sale will override any and all previous announcements
or information.
SELLERS – DAVID & JULIE GEERTS
ATTORNEYS FOR SELLER –
BRADLEY T. KOCH
JOCELYN L. KOCH
HolmstromKennedy PC
800 N CHURCH ST.
P.O. BOX 589
ROCKFORD, IL 61105
815 962-7071
© Duncan Land and Auction 2015
Information deemed reliable but not guaranteed.
Duncan Land and Auction and publisher disclaim any liablity in connection with the use of this information.
Introduction
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