Bid Increments
Tract 5 will be sold in "Total Dollars"
Tracts 1, 2, 3, 4 & 6 will be sold on a PER ACRE basis from the beginning of the auction to the end.
Tract 4 – 34.09+/- Surveyed Acres, 123,000+ Feet of Marketable Timber including Black Walnuts, Ash,…
Tract 4 – 34.09+/- Surveyed Acres, 123,000+ Feet of Marketable Timber including Black Walnuts, Ash, Cherry, Oaks and Others, Excellent Recreational Tract with High Whitetail Potential, Possible Building Sites
Latitude: 38.590365 Longitude: -8464130
Brief Legal: Part of Survey 2, Johnson Township, Knox Co., IN. T2N-R9W.
Legal Access: Direct Access to S. Lafferty Road.
FSA Classification: No Classification.
Building Site Potential: Building Site on Blacktop in South Knox School District on Blacktop Road.
123,594 Board Feet
266 Harvestable Trees
465 Average Board Feet Per Harvestable Tree
Please Note:
The timber evaluation was conducted by Honey Creek Forestry, owned and operated by Justin Adams of Sumner, Illinois, using the company's established forestry management practices and professional judgment to achieve optimum long-term forest health. The evaluation identifies the trees that Honey Creek Forestry would recommend harvesting if the timber were marketed today, balancing current market value with responsible forest stewardship. While harvest recommendations may vary slightly between logging companies based on their individual management philosophies and operational preferences, this appraisal represents a thorough and precise evaluation of the timber resource, with selections made to promote the continued health, growth, and sustainability of the woodland.
Honey Creek Forestry
Justin Adams
618-553-6374
Sumner, IL 62466
Farm Rights: Current Tenant to complete 2026 Farm Rights. Buyer(s) to have 2027 Farm Rights. Copy of Served Tenancy Termination Letter will be provided to all buyers date of closing.
Mineral Rights: Buyer to receive all interest in all oil, gas, hydrocarbons & any other minerals owned by sellers, if any.
Possession: Possession date of closing, subject to the rights of the existing farm tenant.
Real Estate Taxes: 2026 taxes, due & payable 2027 to be paid by SELLAFARM to buyer(s) as estimated credit on date of closing, Buyer(s) thereafter. See digital copy of real estate tax bills that are posted to www.sellafarm.com for tax bills, view anytime.
Water Management: This farm utilizes various water management techniques to effectively control water on the farm. These include grass water ways, terraces and subterranean field tile. Please note: each buyer agrees to a Water Management “easement” on all tracts to benefit all parties involved in case repairs/maintenance needs to be performed, additional practices need to be installed,or other. SELLAFARM to post wo www.sellafarm.com once available under “Documents Tab” once available.
Acreage: Advertised acres are gathered from recently completed survey (June 2026), county/tax records, Farm Service Agency Mapping & Records, and other digital mapping systems. Digital copies of all are posted to www.sellafarm.com, view anytime.
Survey: All Advertised acreages are based on new Survey by licensed surveyor Jason Waggoner of Stone & Waggoner, Robinson, IL completed July of 2026. Digital Copy of Survey is posted to www.sellafarm.com under the “Documents” tab. Total Contract Price and Total acres will remain fixed regardless of future surveys.
Survey Cost Breakdown: The survey cost has been predetermined and allocated as outlined below. SELLAFARM will pay 50% of the total survey expense, and the remaining 50% will be paid by the buyer(s). Each buyer's share is fixed and will not be adjusted.
Total Survey Cost: $12,834.24
SELLAFARM (50%): $6,417.12
Buyer's Portion (50%): $6,417.12
Buyer's Share Per Tract (50% ÷ 8 Tracts): $802.14 per tract
The Knox County survey expense is being shared among a total of eight (8) tracts, consisting of the five (5) auction tracts being offered for sale and three (3) additional tracts not included in the auction. The additional tracts are being surveyed to square up adjoining property boundaries. Accordingly, each auction tract purchaser will be responsible for one-eighth (1/8) of the buyers' 50% share.
Crawford County, IL Survey Cost Allocation
Total Survey Cost: $1,931.14
SELLAFARM (50%): $965.57
Buyer's Portion (50%): $965.57
Purchase Agreement: Immediately following the completion of the auction, successful bidders will be required to enter in a purchase agreement and place non-refundable escrow. SELLAFARM will post Draft Purchase Agreement to www.sellafarm.com once available under “Documents Tab”.
Total Contract Price Calculation & Non-Refundable Escrow: Bid Price Per Ace times advertised acres to arrive at bid price. 6% Buyer's Premium will be added to the total bid price to arrive at the total contract price. Successful bidders will be required to 10% down day of sale non-refundable escrow of total contract price. Have financial arrangements made prior to auction as sale is not contingent upon Buyer(s) ability to obtain financing.
Buyer's Premium: a 6% Buyer's Premium will be added to the total bid price to arrive at the total contract price.
Title: Plan to Close in 45 days or less at the title companies listed below. Seller shall furnish the buyer(s) at SELLAFARM'S expense an Owners Policy of Title Insurance in the amount of the purchase price for surface rights only, and agrees to provide and execute a proper deed conveying merchantable title to the real estate to the buyer(s). SELLAFARM will post Preliminary Title Commitment to www.sellafarm.com once available under “Documents Tab”.
Title Insurance Agent & Insured Closing Agents:
All closings will be “Insured” and will take place at the title company listed below (depending on the land location):
Knox County, IN Land (Tracts 1-5): Hedden Abstract, 214 N. 7th Street, Vincenns, IN 47591
Crawford County, IL Land (Tract 6): Crawford County Title, 302 E. Main Street, Robinson, IL 62454
Preliminary Title Commitment will be posted to our website www.sellafarm.com once available under the “Documents” Tab.
Deed Preparation: Mr. Daniel Siewers of Hart Bell, attorney for Seller(s) to prepare Deed and Transfer Tax Declaration.
Agency: SELLAFARM and its representatives are acting as Agents for the Seller.
Approval of Bids: Being sold subject to owner confirmation.
Other Announcements: All information provided is from sources deemed reliable however not guaranteed. Parties relying on such are urged to perform due diligence and base their decisions upon that information. Announcements made from podium day of auction take precedence over any previous information.
United States