Sale Date: Monday, November 27, 2023
Sale Time: 10:00 AM CST
Seller: Glenn W. Feldman Estate – Greg Kistler, Executor
Inspection Day: Friday, November 17 • 10:00 AM – 3:00 PM or by appointment
806.07 Surveyed Acres • 12 Tracts
SOLD!
TRACT 1 – $15,200.00 / ACRE
TRACT 2 – $13,600.00 / ACRE
TRACT 3 – $16,000.00 / ACRE
TRACT 4 – $13,500.00 / ACRE
TRACT 5 – $306,000.00 LUMP SUM
TRACT 6 – $5,650.00 / ACRE
TRACT 7 – $7,700.00 / ACRE
TRACT 8 – $8,500.00 / ACRE
TRACT 9 – $7,350.00 / ACRE
TRACT 10 – $7,050.00 / ACRE
TRACT 11 – $9,800.00 / ACRE
TRACT 12 – $10,600.00 / ACRE
TOTAL – $8,006,543.00
LOCATION
Tracts 1-4 of the Feldman farm are adjacent to and west of Buffalo Prairie, IL, or 16 miles southeast of Muscatine, IA, Tracts 5-12 are located approx. 2 miles southeast of Illinois City, IL , or approx. 11 miles southeast of Muscatine, IA. and is further described as being located in Sections 18, 19, 20, 31, 32 & 33, Buffalo Prairie Township, and Section 36, Drury Township, Rock Island County, IL. The tracts represent productive tillable farmland, improved pasture land, three sets of improvements including a very nice 2 story farm home & wooded areas suitable for recreational activities.
Representing Attorney:
John R. Eichelberger
Eichelberger Law Office PC
736 Lake Park Blvd.
Muscatine, IA 52544
(563) 263-6900
Auction Manager:
Dale Jones (309) 299-6400
BIDDING IS NOW LIVE!
TRACT INFORMATION
TRACT 1 • 37.64 SURVEYED ACRES
- FSA figures should indicate 37.93 NHEL cropland acres
- Productivity Index (PI): 140.6 (Class A!)
- Productive soil types include Muscatune, Osco, Sable, Denny
- Paved road access is along the south by Rock Island County Hwy. RR and along the west by 203rd St. W.
Tract 2 • 73.90 SURVEYED ACRES
- FSA figures should indicate 75 NHEL cropland acres (Estimated)
- Productivity Index (PI): 143.2 (Class A!)
- Productive soil types include Muscatune, Osco, Sable, Denny
- Paved road access is along the south by Rock Island County Hwy. RR and along the east by 203rd St. W.
Tract 3 • 38.92 SURVEYED ACRES
- FSA figures should indicate 39.17 NHEL cropland acres
- Productivity Index (PI): 140.5 (Class A!)
- Productive soil types include Muscatune, Osco, Sable, Sylvan, Greenbush
- This tract is improved with a Brock 21,000 bu. grain bin with full drying floor, electrical service, dryer and 500 gal. LP tank
- Access is along the north by Rock Island County Hwy. RR
Tract 4 • 86.5 SURVEYED ACRES
- FSA figures should indicate 80.82 cropland acres
- Productivity Index (PI): 127.2
- Productive soil types include Muscatune, Greenbush, Fayette, Sylvan, Osco, Buckhart. Rozetta, Orion, Sable
- The remaining acres represent waterways, draws and wooded draws
- Access is along the east by 234th St. W.
Tract 5 • 27.15 SURVEYED ACRES
- Tract is improved with a very nice 4 bedroom 2 story farm home, many well-maintained farm buildings, (5) grain bins, fence-line feed bunk and cattle lot.
- FSA figures should indicate 3 cropland acres (Estimated) – currently improved pasture
- Productivity Index (PI): 108.7
- Productive soil types include Fayette, Sylvan
- The remaining land is improved pasture, fenced and cross fenced for optimal herd management.
- Kohler back-up generator
- Paved road access is along the east by 224th St. W.
- Rockridge School District
- Copperas Creek is the north boundary of this tract
Tract 6 • 84.17 SURVEYED ACRES
- FSA figures should indicate 35.64 cropland acres (Estimated)
- Productivity Index (PI): 105.5
- Productive soil types include Hickory-Sylvan-Fayette, Fayette, Sylvan, Orion
- The remaining land is improved pasture, fenced and cross fenced for optimal herd management.
- Access along the south by 154th Ave. W.
Tract 7 • 53.42 SURVEYED ACRES
- FSA figures should indicate 52.82 cropland acres
- Productivity Index (PI): 112.5
- Productive soil types include Sylvan, Greenbush, Fayette, Orion
- Fenced for livestock
- Paved road frontage is along the east by 224th St. W. and access along the south by 154th Ave. W.
Tract 8 • 101.50 SURVEYED ACRES
- FSA figures should indicate 92.28 cropland acres
- Productivity Index (PI): 123
- Productive soil types include Orion, Hickory-Sylvan-Fayette, Lawson, Fayette, Coffeen
- The remaining acres represent waterways, draws and wooded areas suitable for recreational activities.
- Copperas Creek is the south boundary of this tract
- Paved road access is along the east by 224th St W.
Tract 9 • 37.95 SURVEYED ACRES
- FSA figures should indicate 25.88 cropland acres
- Productivity Index (PI): 111
- Productive soil types include Sylvan, Fayette, Greenbush, Hickory-Sylvan-Fayette, Radford
- The remaining acres represent improved pasture
- Tract is fenced and cross-fenced for livestock
- Attractive home site
- Tract is improved with a machine shed, small open front shed and former farrowing house currently used for machinery storage
- Paved road access is along the east by 224th St. W. and along the south by 154th Ave. W.
Tract 10 • 128.80 SURVEYED ACRES
- FSA figures should indicate 82.86 cropland acres
- Productivity Index (PI): 117.6
- Productive soil types include Fayette, Hickory-Sylvan-Fayette, Lawson, Orion, Sylvan
- The remaining acres represent waterways, draws and wooded areas suitable for recreational activities.
- Attractive home site on the west side of this tract
- Copperas Creek runs through the northwest corner of this tract
- Access is along the south by 154th Ave. W. and along the west by 238th St. W.
Tract 11 • 58.23 SURVEYED ACRES
- FSA figures should indicate 61.67 cropland acres
- Productivity Index (PI): 120.4
- Productive soil types include Sylvan, Greenbush, Osco, Fayette, Buckhart, Radford
- Tract is partially fenced for livestock
- Access is along the north by 154th Ave. W. and along the west by 224th St. W.
Tract 12 • 77.89 SURVEYED ACRES
- FSA figures should indicate 74.69 cropland acres
- Productivity Index (PI): 112.9
- Productive soil types include Sylvan, Osco, Orion, Buckhart, Muscatune, Hickory-Atlas
- Tract is partially fenced and cross-fenced for livestock
- Tract is improved with a nice group of older, well-maintained outbuildings, concrete feed floor, grain storage and a well
- Attractive home site
- Access is along the east by 217th St. W. and along the west by 224th St. W.
METHOD AND TERMS
Tracts 1-4 will be sold on a price per acre basis, based on surveyed acres & will be sold through the marketing method of “Buyers Choice,” whereas the high bidder can elect any or all 4 tracts for their high bid. If the high bidder does not elect all tracts, then the remaining tract(s) will be offered in the same manner, until all tracts have been chosen.
Tract 5 will then be offered individually for a lump sum, total dollar amount.
Tracts 6-12 will then be sold on a price per acre basis, based on surveyed acres & will be sold through the marketing method of “Buyers Choice,” whereas the high bidder can elect any or all 7 tracts for their high bid. If the high bidder does not elect all tracts, then the remaining tract(s) will be offered in the same manner, until all tracts have been chosen.
The tracts will NOT be offered in their entirety at the conclusion of the auction.
Bidding is NOT subject to any contingencies, including but not limited to financing, an appraisal or inspection of the property.
Immediately following the auction, the successful buyer(s) 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, December 27th, 2023. The seller will provide title insurance in the full amount of the purchase price and pay the 2023 real estate taxes, due and payable in 2024 as a credit at closing based on the most recent tax information. Buyer will be responsible for the 2024 and all subsequent RE taxes. Possession will be given at the time of closing. The farm sells free and clear of farm tenancy for 2024!
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 Merit Auctions pertaining to this property. Real estate is being sold “AS IS”.
AUCTIONEER'S NOTE
Cattleman, grain producers and investors, make plans to participate in this fantastic live virtual online land auction! Glenn Feldman was an outstanding steward of his family’s farming and cattle operation and the results of his labor are clearly apparent. This is an outstanding offering of all classes of farm land, including class A, investor quality tillable land, improved pasture land, recreational areas and three great sets of farm improvements. Many of the tracts are fenced and cross-fenced for livestock. Rarely does an opportunity of this magnitude present itself!