80 Acres Cumberland County, IL Online Only Land Auction sold in Two 40 Acre Tracts
Bidding begins to close on Wednesday, October 14th at 1:00pm CT.
Neoga W. Township, Cumberland County, IL
PRIME CUMBERLAND COUNTY, IL FARMLAND - ZERO BUYER PREMIUM!
Tract 1: 40 + or – acres, 39.80 + or – tillable acres. Parcel # 06-10-100-003, located in Sect 10, Neoga W. Township, Cumberland County, IL. Soil Productivity Index 100.6
Tract 2: 40 + or – acres, 38.36 + or – tillable acres. Parcel # 06-15-200-007 and 06-15-200-006, located in Sect 15, Neoga W. Township, Cumberland County, IL. Soil Productivity Index 105.3
Sellers:
Tract 1 Toops Family Trust
Tract 2 Paul & Sandra Luchtenfeld and Toops Family Trust
Taxes: 2025 taxes payable in 2026 were $832.88 for Tract 1 and $847.76 for Tract 2. Buyers will receive a credit at closing for 2026 taxes payable in 2027.
Farming Rights: The existing farm tenant is relinquishing their farming rights at the completion of the 2026 harvest.
Rights: All of the Seller’s mineral, oil, and gas rights, if any, will transfer without warranty of title or title evidence.
Bidding Method: Bids are per acre; final price is the high bid times total acres for each tract. The purchase agreement will state the total tract price, which remains fixed regardless of future surveys.
Bidding Increments: $25.00 per acre.
Extended Bidding: Any bid placed on Tracts 1-2 within the final 2 minutes will extend bidding on both Tracts 1 and 2 by 2 minutes.
Bidders engaging in fraudulent activity will be subject to prosecution. Please note that submitting a bid constitutes a legally binding contract.
Down Payment & Closing: 10% of the total purchase price is due on auction day or the following day. The remaining balance is due at closing, approximately 40 days following the auction. Down payment is held in escrow with the title company.
Purchase Agreement: Successful bidders must sign agreements on Wed Oct 14th or , or Thurs. Oct 15th in person or via DocuSign.
Crops & Possession: the Current Crop belongs to the current farm tenant.
Condition: Real estate sells “As Is.” Buyers are encouraged to conduct independent inspections and due diligence. Maps, brochures, and field markers are approximate and for guidance only.
Announcements: Auction day announcements take precedence over printed materials.
Liability: Schmid Auction and the sellers are not responsible for accidents that occur while individuals are viewing the property.
All buildings and grain bin measurements are approximate and are not guaranteed by the auction company or sellers.
Attorney for the Trust
SHOAFF & VANDEVENTER, LLC
CARA C. SHOAFF
shoaff@sandvlaw.com
11 East Main Street P.O. Box 250 Casey, IL 62420
217-609-0111
909 E Main Street
Teutopolis, IL
62467
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