MGW Real Estate Auction Information

The Goblet Farm


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

Date of Auction: 3/29/2013
Time of Auction: 10:00 am
Auction Location: Oregon VFW, 1310 Washington Street, Oregon, IL 61061
Inspection Date: 3/29/2013
Inspection Location: Please call to schedule an inspection
Directions to Auction: The Oregon VFW is on the northwest edge of Oregon, IL.  From the Rock River, heading west, travel 1.2 miles on Highway 64 to arrive at the site.
Directions to Farm: From Highway 64 in Oregon, head south on South Daysville Road and veer right at the Y to stay on Lowden Road.  The farm is on the east side of the road, 4 miles south of Highway 64.

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 April 26, 2013.  The purchase agreement is between the seller and buyer only, and cannot be assigned to a third party without the written consent of the seller.
Real Estate Taxes: The 2013 real estate taxes due and payable in 2014 shall be paid by the buyer.  All subsequent year taxes shall be the responsibility of the buyer.  The 2011 real estate taxes were $93.44.
Crops & Expenses: Buyer shall receive the landlord share (or cash rent) for the 2013 crop year.  The property is free of leases.
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 gross 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: Beth Goblet
Property Details
Location: The subject farm is located approximately 85 miles west of Chicago O'Hare International Airport.  Nearby towns include:  Oregon (3 1/2 miles north), Dixon (10 miles southwest), and Rochelle (14 miles east).
Frontage: There is 1/4 mile of road frontage on Lowden Road.
Major Highways: Illinois Route 2 is 2 3/4 miles west, Illinois Route 64 is 3 3/4 miles north, Illinois Route 38 is 6 1/2 miles southeast, and Interstate 88 is 8 3/4 miles southeast of the property.
Legal Description: A brief legal description indicates the Goblet Farm is located in part of the North Half of Section 27 in Township 23 North – Range 10 East (Oregon-Nashua Township) in Ogle County, Illinois.
Total Acres: There are a total of 60.232 acres, more or less, according to the Ogle County Assessor's Office.
Tillable Acres: There are 44.5 estimated tillable acres.
Soil Types: Major soil types found on this farm include Selma loam, Eleva fine sandy loam, Dickinson sandy loam, and Lamont sandy loam.
Topography: The topography of the subject farm is level to gently rolling.
Climate / Growing Season: Ogle County has a continental climate typical of northern Illinois.  The average length of the growing season is nearly 142 days.  On average we expect about 2854 growing degree days from April 15 through September 30.  Annual precipitation averages about 34 inches with over two thirds of this coming during the growing season.  Snowfall averages about 33 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.  Additional names and addresses will be provided upon request.
Taxes: The 2011 Real Estate Taxes totaled $93.44. The tax parcel number is
Grain Markets: There are a number of grain markets located within 10 miles of the Goblet Farm.
Zoning: The farm is zoned Agricultural.
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
125A Selma loam 21.2 176 3731
761D Eleva fine sandy loam 5.7 103 587
87B Dickinson sandy loam 4.4 141 620
175B Lamont sandy loam 4.4 130 572
761B Eleva fine sandy loam 4.4 112 493
397D Boone loamy fine sand 2.9 82 238
175C Lamont sandy loam 1.1 127 140
3776A Comfrey loam 0.4 185 74
    Total: 44.5    

TOTAL ACRES - 60.2 acres, more or less
TILLABLE ACRES - 44.5 acres, or 73.9% per FSA figures
CORN YIELD - 145.1 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 107.2 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.