MGW Real Estate Auction Information

The Carley Farm


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Contact Details -
Mark T. Mommsen  (Agent)
Phone: 815-756-3606
Mobile:  815-901-4269

Date of Auction: 12/10/2011
Time of Auction: 12:00 pm
Auction Location: 28367 Moose Range Rd., Sycamore, IL 60178
Inspection Date: 11/29/2011
Inspection Location: At the farm. 11/29/11 from 4-6pm and 12/6/11 from 10-11am
Directions to Auction: The auction will be held at the farm, slightly northeast of Sycamore, Illinois. From Plank Road, head north on Moose Range Road for 0.9 miles to arrive at the farm.
Directions to Farm: The farm is located slightly northeast of Sycamore, Illinois, just north of the Whipple Road and Moose Range Road intersection.

Auction Terms & Conditions

Agency: Martin, Goodrich & Waddell, Inc. and its representatives are agents of the owner. Buyer agents seeking cooperation shall register their buyers in writing with Martin, Goodrich & Waddell, Inc. 10 days prior to the auction.
Earnest Money: The successful bidder as determined by the auctioneer is required to make a 10% down payment of the accepted bid price on the day of auction with the balance due at closing. Bidding is not conditional upon financing. Payment shall be in the form of a personal check or cashier's check.
Closing: Closing shall be on or before January 10, 2012. Possession is subject to the rights of any tenants in possession.
Real Estate Taxes: The 2011 real estate taxes, drainage assessment taxes, and special assessments due and payable in 2012 shall be paid by the seller. The 2010 real estate taxes were $7,602.86 for the entire property. The 2012 real estate taxes, drainage assessment taxes, and special assessments due and all subsequent year taxes shall be the responsibility of the buyer.
Crops & Expenses: The 2011 crop year cash rent shall be retained by the seller. Buyer shall receive the landlord share (or cash rent) for the 2012 crop year.
Government Agricultural Program Payments: Buyer accepts title subject to the farm's existing participation in the following government agricultural programs: NONE.
Conveyance: At closing, seller shall convey and transfer the property to buyer by warranty deed, appropriate assignment, land trust, or other similar acceptable instrument of conveyance. At the same time, the balance of the purchase price then due shall be paid and all documents relative to the transaction shall be signed and delivered.
Title Evidence: At closing, seller shall furnish a commitment and Owner's Title Guaranty Policy for the amount of the purchase price at the seller's expense.
Survey: Seller shall secure a boundary survey by a licensed land surveyor at the seller's expense, dated no more than 6 (six) months prior to closing. Final purchase price will be based upon surveyed acres.
Disclaimer & Absence of Warranties: Announcements made the day of the auction supersede any previously made statements or material provided, whether printed or oral. Information contained in this brochure is subject to the terms and conditions of the purchase agreement between the seller and buyer. All maps, data, and images in this brochure are approximate, and no liability for its accuracy is assumed by the seller or seller's agent. The buyer shall be responsible for conducting their own independent inspection and due diligence concerning the property. The property is being sold "as is" and "where is" with no warranty or representation, either expressed or implied, concerning the property is made by the seller or seller's agent. The auctioneer reserves the right to make final decisions on auction conduct and bidding increments.
Disclosure: Some photos in this brochure may be stock photography and are for illustrative purposes only.
Owner: Gaylord & Yvonne Carley
Property Details
Location: The subject farm is located approximately 50 miles west of Chicago O'Hare International Airport. Nearby towns include: Sycamore (1 mile southwest), Genoa (6 miles northwest), and Burlington (6 miles east).
Frontage: There is approximately 1/2 mile of road frontage on Moose Range Road.
Major Highways: State Highway 23 is approximately 2 miles to the west, State Highway 64 is 5 miles to the southwest, and Interstate 88 is 13 miles southwest of the property.
Legal Description: Part of the South Half of Section 10 in Township 41 North - Range 5 East of Third Principal Meridian (Sycamore Township) in DeKalb County, Illinois, consisting of 82.58 acres more or less.
Total Acres: There are a total of 82.6 acres, more or less, according to the DeKalb County Assessors Office.
Tillable Acres: There are 75.7 tillable acres according to the DeKalb County FSA Office.
Soil Types: Major soil types found on this farm include Elpaso silty clay loam, Mayville silt loam, Herbert silt loam and Kidami loam.
FSA Data: The FSA direct corn yield is 115 bushels per acre and the FSA corn base is 75.3 acres. There are no wetlands and no highly erodible lands.
Topography: The farm is 97% tillable and the topography is level to gently rolling.
Climate / Growing Season: DeKalb County has a continental climate typical of north-central Illinois. The average length of the growing season is nearly 160 days. On average we expect about 2750 growing degree days from April 15 through September 30. Annual precipitation averages about 35 inches with over two-thirds of this coming during the growing season. Snowfall averages about 36 inches per year. Prevailing winds are from the west and southwest. This climate, combined with the generally excellent soils in this area, provide a nearly ideal environment for the production of corn and soybeans.
Mineral Rights: The buyer will receive and the seller will convey all mineral rights that the seller owns relating to the property.
Possession: Possession will be given at closing, subject to the terms and conditions set forth in the purchase contract.
Financing: Mortgage financing is available from several sources including 1st Farm Credit and local banks. Additional names and addresses will be provided upon request.
Taxes: The 2010 Real Estate Taxes totaled $7,602.86. The tax parcel numbers are #0610300002, #0610400001 and #0610400005.
Grain Markets: There are a number of grain markets located within 10 miles of the Carley Farm.
Zoning: The farm is zoned Agricultural.
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
356A Elpaso silty clay loam 32.3 195 6299
193B Mayville silt loam 28.7 148 4248
62A Herbert silt loam 8.1 179 1450
527C2 Kidami loam 6.2 149 924
527B Kidami silt loam 0.3 155 47
348C2 Wingate silt loam 0.1 153 15
    Total: 75.7    

TOTAL ACRES - 82.6 acres, more or less
TILLABLE ACRES - 75.7 acres, or 91.7% per FSA figures
CORN YIELD - 171.5 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 157.2 bushels per acre, based on total acres

Disclaimer : Although the information contained in this brochure is considered to be accurate, no representation or warranty to that effect is being made. The information contained herein is subject to verification, and no liability for errors or omissions is assumed. The listing may be withdrawn with or without notice, and the stated price and terms are subject to change without notice or approval. The Seller further reserves the right to reject any and all offers. All inquiries, inspection appointments, and offers must be channeled through the Seller’s Designated Agent.