The Zippe Farm

Price: Auction
County: Mercer

Contact Details
Mark T. Mommsen
Mobile: 815-901-4269
Phone: 815-756-3606
Email: Mark.Mommsen@mgw.us.com

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ONLINE AUCTION - The auction platform is open for bidding. The auction closes April 13, 2021, beginning at 1 p.m. Central Time.
Auction Date
Apr 13, 2021 - 1:00 PM
Inspection Location
Please call to schedule an inspection.
Directions to Auction
ONLINE AUCTION: The auction platform is open for bidding. Please visit mgw.us.com/zippe to bid. The auction closes April 13, 2021, beginning at 1 p.m. Central Time.
Directions to Farm
From U.S. Route 67 just east of Matherville, travel west on 130th Avenue 2.2 miles to 240th Street. Then head south 0.8 mile to 125th Avenue. From there, travel west 1.5 miles, and head west at the T-intersection for 0.3 mile to arrive at the property.

Auction Terms & Conditions

agency
Martin, Goodrich & Waddell, Inc. and its representatives are agents of the owner.
earnest money escrow
The successful bidder as determined by the auctioneer is required to make a 10% down payment of the accepted bid price on the day of auction with the balance due at closing. Bidding is not conditional upon financing.
closing
Closing shall be on or before May 11, 2021. The purchase agreement is between the seller and buyer only and cannot be assigned to a third party without the written consent of the seller. Possession is subject to the rights of any tenants in possession.
real estate taxes
The 2021 real estate taxes due and payable in 2022 shall be shared equally between the seller and buyer. The 2022 real estate taxes and all subsequent year taxes shall be paid by the buyer.

crops and expensess
The farm is leased for the 2021 crop year and the buyer will receive a cash rental credit in the amount of $5,000.
conveyance
At closing, seller shall convey and transfer the property to buyer by warranty deed, appropriate assignment, land trust, or other similar acceptable instrument of conveyance. At the same time, the balance of the purchase price then due shall be paid and all documents relative to the transaction shall be signed and delivered.
title evidence
At closing, seller shall furnish a commitment and Owner’s Title Guaranty Policy for the amount of the purchase price at the seller’s expense.
survey
Seller shall provide a boundary survey by a licensed land surveyor at the seller’s expense. Final purchase price will be based upon gross surveyed acres.
disclaimer
Announcements made the day of the auction supersede any previously made statements or material provided, whether printed or oral. Information contained in this brochure is subject to the terms and conditions of the purchase agreement between the seller and buyer. All maps, data, acreages, and images in this brochure are approximate, and no liability for its accuracy is assumed by the seller or seller’s agent. The buyer shall be responsible for conducting their own independent inspection and due diligence concerning the property. The property is being sold “as is” and “where is” with no warranty or representation, either expressed or implied, concerning the property is made by the seller or seller’s agent. The auctioneer reserves the right to make final decisions on auction conduct and bidding increments.
disclosure
Some photos in this brochure may be stock photography and are for illustrative purposes only.
Description of Property
Part of the Southwest Quarter of Section 30 and Part of the Northwest Quarter of Section 31, Township 15 North – Range 2 West (Preemption Township), Mercer County, Illinois.

Method
The property will be offered in one tract in an online auction. Bidding will be on a per acre basis, multiplied by gross surveyed acres. The seller reserves the right to accept or reject any or all bids. All successful bidders will enter into a purchase agreement with the seller immediately following the auction. Upon the close of the auction, the purchase agreement will be forwarded to the successful bidders via email or fax. A signed copy of the purchase agreement must be received by Martin, Goodrich & Waddell, Inc. within 24 hours of the auction closing. A 10% earnest money payment is required to accompany the purchase agreement and may be submitted by cashier’s check or wire transfer. Bidding ends at 1:00 p.m. Central Time on Tuesday, April 13th, 2021. A bid placed within 5 minutes of the scheduled close of the auction will extend bidding by 5 additional minutes until all bidding is completed. If you plan to bid, please register 24 hours prior to the auction closing. Bidding is not conditional upon financing.
Mineral Rights
The buyer will receive and the seller will convey all mineral rights that the seller owns relating to the property.

Property Details

location
The subject farm is located approximately 150 miles southwest of Chicago O'Hare International Airport. Nearby towns include: Matherville (2 3/8 miles east), Viola (4 1/4 miles southeast), and Aledo (4 1/2 miles southwest).
frontage
There is approximately 1/4 mile of road frontage on 125th Avenue.
major highways
Illinois Route 17 is 3 1/8 miles south, U.S. Route 67 is 3 1/4 miles east, and Illinois Route 94 is 3 3/4 miles west of the property.
legal description
A brief legal description indicates The Zippe Farm is located in Part of the Southwest Quarter of Section 30 and Part of the Northwest Quarter of Section 31, Township 15 North – Range 2 West (Preemption Township), Mercer County, Illinois.
total acres
There are a total of 160 acres, more or less, according to the Mercer County Assessor’s Office.
tillable acres
There are approximately 44.5 acres currently in crop production, estimated. There are 53.51 cropland acres, according to the Mercer County FSA.
soil types
The primary soil type on this farm is Rozetta silt loam.
topography
The topography of the subject farm is level to rolling.
mineral rights
All mineral rights owned by the seller will be transferred in their entirety to the new owner.
possession
Possession will be given at closing, subject to the terms and conditions set forth in a purchase contract.
financing
Mortgage financing is available from several sources. Names and addresses will be provided upon request.
taxes
The 2019 real estate taxes totaled $903.74. The tax parcel numbers are #05-05-30-100-010, #05-05-31-100-005 & #05-05-31-100-006.
grain markets
There are a number of grain markets located within 10 miles of The Zippe Farm.
zoning
The Zippe Farm is zoned AG-1, Agricultural District.
comments
Exceptional recreational property featuring productive tillable acres, abundant wildlife, streams, and a variety of hardwood trees.

Soils Information

Soil # Soil Name Acres +/- Productivity Index* Weighted Average Corn Yield Index* Gross Bushels
279BRozetta silt loam22.881191623,707
280gC2Fayette silt loam9.051131551,403
8cFHickory silt loam6.336586544
913FMarseilles-Hickory silt loams4.066992374
19D3Sylvan silty clay loams1.8690122227
898GHickory-Sylvan silt loams0.32486320
Total Acres : 160.00 acres, more or less
Tillable Acres : 44.50 acres, or 27.81% per FSA figures
Productivity Index : 103.81
Weighted Average Corn Yield Index : 141.00 bushels per acre, based on tillable acres
Comparable Yield Index : 39.21 bushels per acre, based on total acres

Disclaimer: Although the information contained in this brochure is considered to be accurate, no representation or warranty to that effect is being made. The information contained herein is subject to verification, and no liability for errors or omissions is assumed. The listing may be withdrawn with or without notice, and the stated price and terms are subject to change without notice or approval. The Seller further reserves the right to reject any and all offers. All inquiries, inspection appointments, and offers must be channeled through the Seller’s Designated Agent.

*Figures taken from the University of Illinois Bulletin 811, Optimum Crop Productivity Ratings for Illinois Soils.

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