PUBLIC AUCTION OF THE CALDWELL/CHAVAS
FARM 137.87 ACRES, MORE OR LESS, SOLD FOR $5,900 PER ACRE PRIME
PRODUCTIVE FARM LAND WITH OBVIOUS RESIDENTIAL AND HUNTING POSSIBILITIES. Saturday,
September 06, 2008 Beginning Promptly at 10:00 a.m.
The
undersigned will offer
the below described farm real estate commonly known as the Spring
Creek Farm.
PROPERTY TO BE OFFERED IN THE FOLLOWING PARCELS:
PROPERTY
TO BE OFFERED IN THE FOLLOWING PARCELS: PARCEL
1:
19.2 acres, (more
or less), that portion lying east of Spring Creek in the south ½ of the
southwest ¼ of section 17, Atkinson Township, approximately 16.73 acres
are tillable. PARCEL 2:
40.43
acres (more or less) that portion lying
west of Spring Creek in the south ½ of the southwest ¼ of section 17,
Atkinson Township, approximately 35.44 acres are tillable. PARCEL 3:
50.24 acres,
(more or less), that portion lying east of Spring Creek in the north ½
of the southwest ¼ of section 17, Atkinson Township, approximately 44.2
acres are tillable. PARCEL
4
28 acres, (more or
less), that portion lying west of Spring Creek in the north ½ of the
southwest ¼ of section 17 and 6 acres in the northwest ¼ of section
17, Atkinson Township, approximately 20.22 acres are tillable.
Approximately six acres are wooded with excellent hunting
possibilities. METHOD OF SALE:
All parcels will be offered first individually, and then
combination as a whole selling to the highest bid price.
Bidding on all parcels will be by the acre, minimum bid raises on
individual parcels, $50 per
acre. The minimum bid raises on the farm as a whole will be $25 per
acre. ASCS Information: Crop Land
116.4 Acres, Corn Base 73.7
Acres, Yield: 126
bushels per acre. Bean base:
42 acres, Yield: 34 bushels per acre.
TERMS: 10% down
the day of sale. Possession
and final settlement will be on October 6, 2008 subject to an existing
farm lease for the 2008 and 2009 crop years ending February 28, 2010. Buyer
shall receive a credit for 25% of the $21,004.00 – 2008 cash rent
payment at closing, and receive the entire 2009 payment due and payable
March 1, 2009. If farm sells as a whole settlement will be based on
137.87 acres, more or less, and no survey will be given.
If parcels sell separately a survey will be furnished at the
seller’s expense, and settlement will be based on the exact acreages
as shown by the survey. Warranty Deed and Title Insurance showing
merchantable title will be provided to the buyer.
Taxes for 2008 will be paid by the Seller.
All subsequent taxes will be paid by the Buyer. The successful
bidders will be required to sign a purchase agreement immediately
following the auction. A copy of the required contract is available from
Roy Holmstrom or Attorney William T. Phares.
The property is being sold free and clear of any encumbrances.
Property is sold “AS IS, WHERE IS” free of any expressed or
implied warranties by either the seller or the auction company as to the
condition of the property. Announcements
made the day of the sale take precedence over any prior information
whether written or oral. The information contained in this brochure is
believed to be accurate, but is subject to verification by all parties
relying on it. No liability
for its accuracy is assumed by the seller or the auction company.
An ID required. AUCTIONEER’S
NOTE: This
is a great productive farm. In
this trying year it shows a wonderful crop which is also a tribute to
its current tenants. There
are several locations which have potential for good home sites.
Wild life along Spring Creek abounds with excellent hunting
possibilities. What more could you ask, come take a look. OWNER’S:
Karen Caldwell and Joyce Chavas AUCTION
CONDUCTED BY: Roy Holmstrom Auctioneering and Real Estate To
inspect the premises, obtain a copy of the plat, or for more
information, including the current farm lease contact Roy
Holmstrom, Broker 309-944-4734 For
more information look at HolmstromRealEstate.com William
T. Phares, Attorney for the Sellers THIS
INFORMATION IS BELIEVED TO BE ACCURATE BUT NOT GUARANTEED. NOT
RESPONSIBLE FOR ACCIDENTS THAT MAY OCCUR.
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