REAL ESTATE AUCTION (140 Acres M/L)
Real Estate (140 Acres M/L)
PROPERTY LOCATION: 11463 N 1600 Avenue | Osco, IL
WEDNESDAY, NOVEMBER 12 | 6:00 P.M.
AUCTION LOCATION: Stenzel Auction Facility | 135 W. Center St., Cambridge, IL
ATTEND LIVE OR BID ONLINE AT: stenzelauction.hibid.com
OPEN FOR VIEWING: Wednesday | October 15 | 5 to 6:00 p.m.
Call 309.937.1444 with any questions
On behalf of the Eugene Phlypo Trust | Trust Officer: Nick Emmerson of Farmers National Bank, Geneseo, IL Attorney for Trust: Jennifer L Kincaid of Pepping, Balk, Kincaid & Olson, LTD of Silvis, IL, the above addressed property will be offered as one tract at the Stenzel Auction facility in Cambridge, IL at the date and time listed.
140 Acres M/L consisting of two homes (#1 – Built in 1922 a 1 1/2 story home with 7 total rooms, full bath and detached garage; #2 – Built in 1982 a ranch style home with 5 total rooms (which include 3 bedrooms), 1 and 1/2 baths, full basement and attached 2-car garage); 25×44 Machine shed; 16×32 Lean to; 32×32 Double corn crib; 16×32 Lean to; 61×61 Feed barn; 10,000 BU Grain bin in working condition; 96×36 Machine shed; and 137.00 (M/L) farm ground acres consisting of Osco, Muscatine, Elkhart, Assumption, Fayette, Velma Silt Loams, Sylvan Silty clay loam and Hickory-Atlas complex and showing a P.I. (tillable acres) of 122.1. This real estate will be offered per acre.
Terms & Conditions: #1. The successful bidder will be required to enter into a binding real estate purchase contract with 10% of the purchase price due at the conclusion of the auction payable to Pepping, Balk, Kincaid & Olson, LTD Trust Account. The balance will be due and payable on or before closing (30 to 60 days from contract date). Copies of the required agreement are available for viewing by contacting Stenzel Auction at 309.937.1444. #2. The 2025 real estate taxes, due in 2026 will be prorated to the date of possession. #3. The seller shall provide a title insurance policy in the amount of the purchase price of the subject properties. #4. The entire property is being sold in an “As Is” condition, with no warranties of any kind. Stenzel Auction Service, Inc. serves solely as agent for the sellers and assumes no liability of any kind in connection with any property being sold. All information is believed to be accurate. However, all prospective buyers are strongly urged to thoroughly research all pertinent data to draw their own conclusions. #6. Any of the above terms of sale may be modified by announcements made the day of the auction. Seller reserves the right to accept or reject any and all offers. For information on the property contact our business office by email at info@stenzelauction.com or by phone 309.937.1444. For viewing of property, please call.