Perry, IL 62362 - Pike County

PIKE COUNTY, IL LAND AUCTION - DORSEY

Wednesday, February 5, 2025 - 1:00 PM Central

Auction to be conducted as a virtual, online auction. If you need assistance with internet bidding, please contact our office at

(844) 847-2161

How to participate in a Virtual Online Auction

LOCATION

Pike County, Illinois

The Dorsey farm is located on the north edge of Perry, IL or 6 miles west of Chambersburg, IL, or 14 miles south of Mt. Sterling IL, or 15 miles north of Pittsfield IL. The property is further described as being in part of Section 21, T3S-R3W, Perry Township, Pike County, Illinois.

SELLER

Isaac Dorsey

MANAGED BY

John Borrowman (217) 430-0645

Rodney Borrowman (630) 247-0667

GENERAL INFORMATION

25.9 taxable acres 1 tract

The farm contains 25.9 taxable acres and is nearly all tillable productive farmland! Farmers and investors, be sure to check out this investment quality land you will not be disappointed.

TRACT INFORMATION

25.9 taxable acres

FSA records indicate 25.03 NHEL cropland acres

Productivity Index (PI): 124.4

Soil types include Downsouth, Winfield, and Caseyville

Balance of the non-cropland acres is timber

US Highway 107 borders along the east side

REAL ESTATE TAX INFORMATION

33-023-09 - 23.31 Acres - $819.80 (2023 tax year)

33-027-04 - 2.59 Acres - $56.18 (2023 tax year)

METHOD & TERMS

The Dorsey farm will be sold on a price per acre basis, based on taxable acres.

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 Wednesday, March 12, 2025.

The seller will provide title insurance in the full amount of the purchase price and will pay all the 2024 real estate taxes, due and payable in 2025. Possession will be give at the time of closing. Open lease for 2025 crop year 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.

Isaac Dorsey

Representing Attorney:

Ronald K. Hoskin | Lowry & Hoskin LLC and Western Illinois Title Services, LLC

130 S. Madison P.O. Box 167, Pittsfield, IL 62363 | (217) 285-4220

Auction Managers:

John Borrowman (217) 430-0645

Rodney Borrowman (630) 247-0667