MGW Real Estate Auction Information


The Ruff 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: 6/19/2012
Time of Auction: 5:00 PM
Auction Location: SEALED BID - Email bid to realestate@mgw.us.com
Inspection Date: 6/19/2012
Inspection Location: Please call to schedule an inspection
Directions to Auction: The Ruff Farm Auction is being held via sealed bid. All potential buyers shall email their bid to realestate@mgw.us.com on or before June 19, 2012. The written bid shall state the bidder's name, address, phone number, and the total bid price for total deeded acres (40.64 acres). Persons submitting a bid will be contacted and invited to the opening of the bids, where all bidders will be given an opportunity to increase their offer in-person on Wednesday, June 20, 2012 at 1:00 PM.
Directions to Farm: The farm is located southeast of Sycamore, Illinois. From Sycamore, head east for 4 miles on Route 64. Then, turn south on County Line Road for 1.3 miles. Turn west on Barber Greene Road for 0.75 miles. The farm is on the south side of the road.

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 July 20, 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 $655.22 for the entire acreage. The 2013 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 cash rent for the 2012 crop year shall be shared equally between the seller and buyer. Lease details are available upon request.
Government Agricultural Program Payments: Buyer accepts title subject to the responsibilities and benefits of one CRP contract. The contract is for 0.4 acres having a total annual payment of $67.28 through 9/30/13. Buyer is required to assume all requirements of the contract through the date of expiration.
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, 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: Kenneth & Linda Ruff
Property Details
Location: The subject farm is located approximately 50 miles west of Chicago O'Hare International Airport. Nearby towns include: Hampshire (13 miles north), DeKalb (6 miles west) and Elgin (15 miles east).
Frontage: There is approximately 66 feet of road frontage on Barber Greene Road.
Major Highways: Illinois Route 64 is 2 1/2 miles north, Illinois Route 38 is 5 miles south, Illinois Route 23 is 5 1/2 miles northwest, and Interstate 88 is 6 3/4 miles south of the property.
Legal Description: Part of the West Half of Section 13 in Township 40 North - Range 5 East (Cortland Township) in DeKalb County, Illinois, consisting of 40.64 acres more or less.
Total Acres: There are a total of 40.64 acres, more or less, according to the DeKalb County Assessor's Office.
Tillable Acres: There are 35.7 tillable acres according to the DeKalb County FSA Office.
Soil Types: Major soil types found on this farm include Mayville silt loam, Drummer silty clay loam and Herbert silt loam.
FSA Data: The FSA direct corn yield is 123 bushels per acre and the FSA corn base is 29.2 acres. The FSA direct bean yield is 37 bushels per acre, the FSA bean base is 5.2 acres. There are no wetlands and 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 $655.22. The tax parcel number is #09-13-100-019.
Grain Markets: There are a number of grain markets located within 10 miles of the Ruff Farm.
Zoning: The farm is zoned Agricultural. Part of the farm is in a FEMA flood zone.
 
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
193B Mayville silt loam 17.8 148 2634
152A Drummer silty clay loam 13.5 195 2633
62A Herbert silt loam 3.5 179 627
193A Mayville silt loam 0.9 149 134
    Total: 35.7    


TOTAL ACRES - 40.6 acres, more or less
TILLABLE ACRES - 35.7 acres, or 87.8% per FSA figures
CORN YIELD - 168.9 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 148.3 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.