Sold

Productive, Well-Maintained Tillable Farm

Acreage

195.2 ±

County

Richland

SOLD

Address 367 N West St Olney, IL 62450

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Description

Live Auction Location: Best Western Plus Parkside Inn & Suites

367 N West St.

Olney, IL 62450

https://g.page/bwpolney?share

For the first time in nearly 100 years, Pflaum Farms, located west of Olney, IL, will be offered to the public. Portions of these farms have been family-owned for over 150 years. 195.2 +/- productive acres will be offered in 5 tracts at public auction. Nearly 85% of all acres are income-producing, and average Soil PIs range from 96.6 to 100. Two of the tracts would make great building locations, one of which offers a nice one-acre pond.

Tract 1 consists of 13 +/- acres - pending a survey. This tract has approximately 5.9 tillable acres that adjoin North Midway Road. The east side is roughly 7.1 acres of mature hardwoods. There are multiple potential building locations in the open field or tucked away in the timber. The property does have access off Midway Rd.

Details:

Tract #: Tract 1

Deeded Acres: 13 +/- pending survey

FSA Farmland Acres: 6.81+/-

DCP Cropland Acres: ***170.28 acres

Soil Types: Wynoose Silt Loam

Soil PI/NCCPI/CSR2: 97

Base acres and Yield: ***Corn-109.96 acres/PLC Yield 112/Soybeans-54.86 acres/PLC Yield 36

CRP Acres/payment: No CRP

Taxes: Estimated $145.60

Lease Status: Open Tenancy for 2022 crop year

Possession: Immediate possession

Survey needed?: Survey needed

Brief Legal: Sec 1 T3N R9E Noble Twp Richland County

PIDs: Part of 10-01-200-006

Lat/Lon: 38.7239, -88.1562

***DCP acres, Base Acres and PLC yield are for all 5 tracts and will need to be recalculated at closing.

Tract 2 consists of 44.2 +/- mostly tillable acres - pending survey. The average PI is 96.6. The majority of the soil is Wynoose silt loam with some Bluford silt loam. There is access off North Midway Rd.

Details:

Tract #: Tract 2

Deeded Acres: 44.2 +/- Pending survey

FSA Farmland Acres: 43.8+/- FSA acres

DCP Cropland Acres: ***170.28 acres

Soil Types: Wynoose Silt loam, Bluford silt loam,

Soil PI/NCCPI/CSR2: 96.6

Base acres and Yield: ***Corn-109.96 acres/PLC Yield 112/Soybeans-54.86 acres/PLC Yield 36

CRP Acres/payment: No CRP

Taxes: Estimated $495.06

Lease Status: Open Tenancy for 2022 crop year

Possession: Immediate possession

Survey needed?: Survey needed

Brief Legal: Sec 1 T3N R9E Noble Twp Richland County

PIDs: Part of 10-01-200-006

Lat/Lon: 38.7232, -88.1549

***DCP acres, Base Acres and PLC yield are for all 5 tracts and will need to be recalculated at closing.

Tract 3 consists of 25 +/- tillable acres. The average PI is 97.2, with the majority of the soil type being Wynoose silt loam. This tract borders both Midway Rd and IL-250 and would make a nice investment property with electric, gas, and water all running along IL-250.

Details:

Tract #: Tract 3

Deeded Acres: 25

FSA Farmland Acres: 25.01

DCP Cropland Acres: ***170.28 acres

Soil Types: Wynoose silt loam, Bluford silt loam

Soil PI/NCCPI/CSR2: 97.2

Base acres and Yield: ***Corn-109.96 acres/PLC Yield 112/Soybeans-54.86 acres/PLC Yield 36

CRP Acres/payment: No CRP

Taxes: $289.52

Lease Status: Open Tenancy for 2022 crop year

Possession: Immediate possession

Survey needed?: No survey needed

Brief Legal: Sec 1 T3N R9E Nobile Twp Richland Co

PIDs: 10-01-400-001

Lat/Lon: 38.7212, -88.1564

***DCP acres, Base Acres and PLC yield are for all 5 tracts and will need to be recalculated at closing.

Tract 4 consists of 40 +/- acres and is located south of IL-250. It is approximately 29.67 tillable acres with an average PI of 98.1. The majority of the soil is Bluford silt loam, Passport silt loam, and Belknap silt loam. This property would also make a great building location with some utilities running along IL-250. There is a very nice pond on the southeast part of the tract, and access to this would be off Midway Rd.

Details:

Tract #: Tract 4

Deeded Acres: 40

FSA Farmland Acres: 29.67 +/-

DCP Cropland Acres: ***170.28 acres

Soil Types: Bluford silt loam, Passport silt loam, Belknap silt loam, Ava silt loam, Hickory clay loam,

Soil PI/NCCPI/CSR2: 98.1

Base acres and Yield: ***Corn-109.96 acres/PLC Yield 112/Soybeans-54.86 acres/PLC Yield 36

CRP Acres/payment: No CRP

Taxes: $495.12

Lease Status: Open Tenancy for 2022 crop year

Possession: Immediate possession

Survey needed?: No survey needed

Brief Legal: Sec 1 T3N R9E Nobile Twp Richland Co

PIDs: 10-01-300-009

Lat/Lon: 38.7168, -88.1606

***DCP acres, Base Acres and PLC yield are for all 5 tracts and will need to be recalculated at closing.

Tract 5 consists of approximately 73 +/- mostly tillable acres. The average PI is 97, with most of the soil being Belknap silt loam, Hoyleton silt loam, and Ava silt loam. Sugar Creek runs through the north third of the property, and the south line meets the CSXT Railroad ROW. This tract also has access off Midway road along the east side.

Details:

Tract #: Tract 5

Deeded Acres: 73

FSA Farmland Acres: 60.3 +/-

DCP Cropland Acres: ***170.28 acres

Soil Types: Belknap silt loam, Hoyleton silt loam, Ava silt loam, Hickory clay loam, Passport silt loam

Soil PI/NCCPI/CSR2: 97

Base acres and Yield: ***Corn-109.96 acres/PLC Yield 112/Soybeans-54.86 acres/PLC Yield 36

CRP Acres/payment: No CRP

Taxes: $939.36

Lease Status: Open Tenancy for 2022 crop year

Possession: Immediate possession

Survey needed?: No survey needed

Brief Legal: Sec 12 T3N R9E NW ALL E/2 NW N OF RR

PIDs: 10-12-100-002

Lat/Lon: 38.7121, -88.1143

***DCP acres, Base Acres and PLC yield are for all 5 tracts and will need to be recalculated at closing.

Details

  • Bidders may participate in the auction on-site or online at Ranchandfarmauctions.com
  • Onsite bidders should bring a government-issued ID
  • 10% down payment immediately after auction - cash, personal, or business checks accepted
  • If the winning bid is online, you will be immediately contacted to make arrangements for the 10% down payment and a purchase contract will be sent via DocuSign
  • High bidder has 30 days to close unless otherwise noted
  • Announcements on auction day will take precedence over any prior announcements
  • This is a no contingency sale and is not subject to financing or additional inspections
  • Possession at closing, subject to tenant’s rights, if any
  • If a survey is needed it will be done following the auction and the total purchase price will be adjusted to the surveyed acres
  • All information provided is derived from sources believed correct but is not guaranteed or warranted - Bidders shall rely entirely on their own information and judgments

Summary

Other Property Details

Coordinates

38.7239, -88.1562

Annual Taxes

$0

Sold Property

For more information or to see additional properties currently for sale see Adam Crumrin's listings.

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