Absolute Auction
Farmland & Country Home
F. Wayne Baughman Farm
350.49 +/- Acres | 6 Tracts
Auction Results!
Tract 1: $7,100/Acre
Tract 2: $8,500/Acre
Tract 3: $8,400/Acre
Tract 4: $4,700/Acre
Tract 5: $295,000
Tract 6: $97,000
Curless Auction proudly presents the F. Wayne Baughman family farm & home.
This rare half-section Pike County paradise offers prime tillable farmland, world-class whitetail & turkey hunting, excellent open pasture, a beautiful 2-story log home with acreage, and a livestock facility / potential homesite with historic outbuildings.
Ownership records show the property has been in the Baughman family dating back to 1852, with the barn on Tract 6 being marked as 1861.
Opportunities like this don't arise often - over 170 years in this case. Mark your calendars!
Friday, August 23, 2024 - 11 AM
Crossroads Center - 125 E. Jefferson, Pittsfield, IL
In-Person & Online Bidding Available
Contact Information
Brian Curless: 217-242-1665
Frazier Curless: 217-491-6704
Overall Property Details
Property Location
5 miles northwest of Pittsfield, IL, 1 mile north of IL Rt. 106.
27234 335th Street, Pittsfield, IL
Legal Description
Property lies in the East 1/2 of Section 6 in Pittsfield Township, Pike County, IL.
Individual Tract Details
Tract 1 - 103.43 +/- Surveyed Acres
Tract 1 is the furthest north tract. FSA records show 78.76 tillable acres with an average 107.1 PI, including productive Winfield and Downsouth soils.
This tract includes two ponds, mature timber and brush, and is a top-shelf Pike County 80/20 combination farm.
Road frontage is the oil-and-chip 335th Street on the west side and includes two access points from the north via 280th Avenue.
*Note: Buyer will receive 100% of 2024 farm rent. See "Possession" in terms at bottom of page to see rent calculation to be paid to buyer.
Tract 2 - 102.23 +/- Surveyed Acres
South of Tract 1, Tract 2 is approximately 90% tillable with predominantly Downsouth and Winfield soils, boasting a soil PI of 123.1. FSA records show 92.61 FSA tillable acres.
Access and frontage is on the west side of the parcel via the oil-and-chip 335th Street.
*Note: Buyer will receive 100% of 2024 farm rent. See "Possession" in terms at bottom of page to see rent calculation to be paid to buyer.
Tract 3 - 77.34 +/- Surveyed Acres
This southernmost tract shows 58.8 FSA reported tillable acres with primarily Winfield tillable soils and a 110 PI.
Frontage and access are 335th St on the west and 270th Av on the south. The balance is timber, brush and draws for another great 80/20 farm.
*Note: Buyer will receive 100% of 2024 farm rent. See "Possession" in terms at bottom of page to see rent calculation to be paid to buyer.
Tract 4 - 44.84 +/- Surveyed Acres
Tract 4 contains fenced pasture, timbered draws, and a winding creek. Access is from 335th St on the western edge. This is the companion parcel to the Tract 6 farmstead.
Tract 5 - Country Home w/ Acreage
Tract 5 is a beautiful country log home sitting on 12.81 +/- surveyed acres. It includes a roughly 4-acre timbered park area, a 4-acre pasture/hay field, and a timbered creek area to the north.
The home is a Gastineau log-sided home built by Mr. and Mrs. Baughman in 1993 as their retirement home. The home and site lie along the east side of the oil-and-chip 335th Street and is bordered by Tracts 2 and 3 to the east. The home is in Pittsfield School District.
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Approx. 2,780 sq. ft., 3 Bedroom, 2.5 Bath
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3/4 finished basement
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Attached 2-car garage, 30x50’ Cleary pole shed, on slab, w/ electric
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Geothermal/AC, Pike County Water, Illinois Rural Electric
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Open 2-story living room, wood burning fireplace, parquet hardwood floors
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Master bed on main floor w/ master bath including jetted tub and shower, walk-in closet
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Soft water, new washer & dryer, appliances stay.
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Open lounge/reading areas outside both upstairs bedrooms
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Beautiful spacious lawn w/ ornamental and fruit trees
Tract 6 - Lot: Livestock Handling / Potential Homesite
Containing 9.84 +/- surveyed acres, Tract 6 consists of a historic 1861 barn, buildings, cattle shed, lots, pasture, former and potential homesite. County water, IREC electric. 335th St is access on the west and Tracts 3&4 border the north, east and south sides.
AUCTION PROCEDURE
Tracts 1 through 4 will be offered individually, on a dollar-per-acre basis, using the Buyer’s Choice method where successful bidder(s) will have the option of selecting any of Tracts 1 through 4, or any combination of tracts.
Remaining tracts will then be sold via the same method until all tracts have been selected. Survey acreage results will be used to calculate final selling price for these tracts.
Next, Tracts 5 & 6 will be sold in tract number order, individually, on a total-dollar basis.
The auction will be conducted live, in person and remote online bidding will be available. There are no online (or in-person) buyer's fees.
AUCTION TERMS
This is an absolute auction. All tracts sell to the highest bidder(s) with no reserve. Successful bidder(s) will be required to sign a real estate contract and make a 10% down payment at the immediate conclusion of the auction. The balance of the purchase price will be due at closing on or before Monday, September 23, 2024.
Seller will provide title insurance.
2023 Real Estate Taxes - To be paid by Seller.
2024 Real Estate Taxes (based upon most recent tax bills available):
Tracts 5 and 6: to be prorated to the date of closing.
Tract 4: to be paid by the Seller.
Tracts 1-3: to be paid by the purchaser.
Possession:
Tracts 1-3: Buyer(s) will assume the Landlord’s position in the 2024 Farm Tenant’s Lease Agreements and receive the full 2024 cash rent payment from the tenant.
Tract 1 rent proration: $18,230.80.
Tract 2 rent proration: $21,436.80.
Tract 3 rent proration: $13,612.80.
*One third of rent proration to be paid at closing and remaining two thirds to be paid by tenant upon harvest, or no later than November 15, 2024.
Tract 4: Subject to the existing Lease Agreement whereas the Tenant will retain possession of the pasture through November 30, 2024.
Tract 5: 100% full possession will be granted upon closing;
Tract 6: Subject to the existing Lease Agreement whereas the Tenant will retain possession of the cattle shed, lots and pasture through November 30, 2024.
Farm sells free of any further leases or tenancies.
Property and all improvements sell as-is with no guarantees or warranties. All information, acreage figures, maps, and representations provided are approximate and are subject to change. Bidding/purchase is not subject to financing or other contingencies. Prospective bidders are welcomed and encouraged to fully inspect the property and all related information to their satisfaction prior to bidding at the auction. Auction day announcements supersede prior information.
Online bidding is provided as a convenience to Bidder. Under no circumstances shall Bidder have any kind of claim against Curless Auction or anyone else if the Internet, phone or computer service fails to work correctly before or during the auction. Curless Auction will not be responsible for any missed bids from any source.