80 Acre Land Auction Two 40 Acre Tracts Online Only Cumberland County, IL
Listing ID#: 901274
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Rural Neoga, IL Neoga, IL 62447 |
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Bidding Starts: Thursday Oct 1, 9:00 AM Bidding Ends: Wednesday Oct 14, 1:00 PM |
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 Online Auction
VIEW ONLINE CATALOG |
| Company Information |
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Schmid Auction & Realty Co. Contact: Trent Schmid Phone: 217-857-1507 Email: sold@schmidauction.com Website: www.schmidauction.com/ EstateSale.com ID#: 8468 View company information and listings |
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www.bidschmid.com to bid or click on green box view online auction catalog. 80 acres (2 Tracts) Online Only Farmland Auction Cumberland County, IL Wed. Oct 14th @ 1pm (Auction begins to close) Rural Neoga, IL Just west of Neoga, IL 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. Road Frontage on 350E. planted in corn in 2026. 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. Road Frontage on 350E & 1000N. planted in soybeans in 2026.
Sellers: Tract 1 Toops Family Trust Sellers: Tract 2 Paul & Sandra Luchtenfeld and Toops Family Trust Attorney for the Trust Shoaff Law LLC Landry Huisinga • Attorney 11 East Main Street P.O. Box 250 Casey, IL 62420 217-609-0111
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 is in the process of receiving an official termination notice. 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: On Wednesday Oct 14th @ 1pm 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.
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