MGW Real Estate Auction Information


The Squaw Grove Farm

SOLD

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Contact Details -
Mark T. Mommsen  (Agent)
Phone: 815-756-3606
Mobile:  815-901-4269
Email: Mark.Mommsen@mgw.us.com



Date of Auction: 7/19/2012
Time of Auction: 11:00 AM
Auction Location: Brown Pub, 200 Somonauk Road, Hinckley, IL 60520
Inspection Date: 7/19/2012
Inspection Location: Please call to schedule an inspection
Directions to Auction: The auction site is located on the west edge of Hinckley, Illinois.  Brown Pub is on the corner of U.S. Route 30 and Somonauk Road.
Directions to Farm: The farm is located south of Hinckley, Illinois.  From U.S. Route 30 in Hinckley, travel west for 2 1/2 miles.  Turn south on Howison Road for 2 3/4 miles.  The farm is on the east side of the road.

Auction Terms & Conditions

Agency: Martin, Goodrich & Waddell, Inc. and its representatives are agents of the owner.
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 August 17, 2012.  Possession is subject to the rights of any tenants in possession.
Real Estate Taxes: The 2012 real estate taxes, drainage assessment taxes, and special assessments due and payable in 2013 shall be shared equally between the seller and buyer.  The 2010 real estate taxes were $1,079.48 for the farm.  All subsequent year taxes shall be the responsibility of the buyer.
Crops & Expenses: The cash rent for the 2012 crop year shall be shared equally between the seller and buyer.  Lease details are available upon request.
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.
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, acreages, 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: Everardo & Alicia Soria
Property Details
Location: The subject farm is located 60 miles west of Chicago O'Hare International Airport.  Nearby towns include:  Waterman (5 1/2 miles northwest), Hinckley (6 miles northeast), and Sandwich (8 miles southeast).
Frontage: There is approximately 1/2 mile of road frontage on Howison Road.
Major Highways: Illinois Route 23 is 2 1/2 miles west, U.S. Route 30 is 2 3/4 miles north, U.S. Route 34 is 10 miles south and Interstate 39 is 19 miles west of the property.
Legal Description: A brief legal description indicates the Squaw Grove Farm is located in Part of the West Half of Section 31 in Township 38 North - Range 5 East (Squaw Grove Township) in DeKalb County, Illinois.
Total Acres: There are a total of 58.1 acres, more or less, according to the DeKalb County Assessor's Office.
Tillable Acres: There are 48 tillable acres according to the DeKalb County FSA Office.
Soil Types: Major soil types found on this farm include Elpaso silty clay loam, Otter silt loam, Flanagan silt loam and Wingate silt loam.
FSA Data: The FSA direct corn yield is 133 bushels per acre and the FSA corn base is 31.2 acres.  The FSA direct bean yield is 34 bushels per acre, the FSA bean base is 13.1 acres.  The FSA direct wheat yield is 56 bushels per acre, the FSA wheat base is 3.7 acres.  There are no highly erodible lands.
Topography: The topography of the subject farm is level.
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 a 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 $1,079.48. The tax parcel number is #15-31-100-005.
Grain Markets: There are a number of grain markets located within 10 miles of the Squaw Grove Farm.
Zoning: The farm is zoned Agricultural.
 
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
356A Elpaso silty clay loam 15.8 195 3081
3076A Otter silt loam 15.5 186 2883
154A Flanagan silt loam 4.7 194 912
348B Wingate silt loam 4.1 163 668
193B Mayville silt loam 2.8 148 414
171A Catlin silt loam 1.6 187 299
152A Drummer silty clay loam 1.5 195 293
662C2 Barony silt loam 1.2 160 192
667B Kaneville silt loam 0.7 176 123
193C2 Mayville silt loam 0.1 139 14
    Total: 48    


TOTAL ACRES - 58.1 acres, more or less
TILLABLE ACRES - 48.0 acres, or 82.6% per FSA figures
CORN YIELD - 185.0 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 152.8 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.