MGW Real Estate Auction Information

The Beere Property


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

Date of Auction: 6/7/2013
Time of Auction: 1:00 pm
Auction Location: Auction to be held on-site, 27435 Washington Avenue, Waterford, WI 53185
Inspection Date: 5/22/2013
Inspection Location: 12:00-2:00 pm and 4:00-6:00 pm, held at the horse facility, 27435 Washington Avenue, Waterford, WI.
Directions to Auction: The auction will be held at the property. From Highway 36 (Milwaukee Avenue) between Waterford and Burlington, head east for 1.8 miles on Highway 20 (Washington Avenue) to arrive at the site.
Directions to Farm: The farm is located slightly southeast of Waterford, Wisconsin on Highway 20 (Washington Avenue).

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 June 20, 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, drainage assessment taxes, and special assessments due and payable in 2014 shall be pro-rated to the date of closing. The 2012 real estate taxes were $12,341.08 for tract 1 and approximately $4,050.00 for tract 2. All subsequent year taxes shall be the responsibility of the buyer.
Crops & Expenses: Buyer shall receive all crops planted 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.
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: Hot Spur Stables, LLC & Dovercrest Real Estate, LLC
Property Details
Location: The subject farm is located approximately 67 miles northwest of Chicago O'Hare International Airport. Nearby towns include: Waterford (2 1/4 miles northwest), Burlington (5 miles southwest), and Union Grove (7 miles southeast).
Frontage: There is approximately 1/4 mile of road frontage on Highway 20 (Washington Avenue), which intersects the property.
Major Highways: Highway 36 is 1 3/4 miles northwest, Highway 75 is 3 1/4 miles east, Highway 11 is 3 1/2 miles south, Interstate 43 is 11 miles northwest, Interstate 94 is 11 1/4 miles east, and Highway 20 intersects the property.
Legal Description: A brief legal description indicates the Beere Farm is located in Part of the South Half of Section 6 and Part of the North Half of Section 7, Township 3 North - Range 20 East (Dover Township), in Racine County, Wisconsin.
Total Acres: There are a total of 116.84 acres, more or less, according to the Racine County Assessor's Office.
Tillable Acres: There are approximately 77.8 tillable acres, 28.19 acres on the north side of Washington Avenue and 49.65 acres on the south side.
Soil Types: Major soil types found on this farm include Elliott silty clay loam, Morley silt loam, and Ashkum silty clay loam.
FSA Data: The FSA direct corn yield is 99 bushels per acre. There are no highly erodible lands.
Topography: The topography of the subject farm is gently rolling.
Climate / Growing Season: The average length of the growing season for Racine County, Wisconsin is 173 days. Annual precipitation averages about 34" with 60% of this coming during the growing season. Snowfall averages about 43" per year. The average temperature in the winter is 23 degrees F and the average temperature in the summer is 71.4 degrees F.
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. Names and addresses will be provided upon request.
Taxes: The 2012 Real Estate Taxes totaled $16,385.69. The tax parcel numbers are #006 032006017000 and #006 032007008000.
Grain Markets: There are a number of grain markets located within 20 miles of the Beere Farm.
Zoning: The farm is zoned A-2, General Farming & Residential District II.
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
EtB Elliott silty clay loam 22.3 140 3122
MzdB Morley silt loam 19.5 125 2438
AtA Ashkum silty clay loam 13 130 1690
MeB Markham silt loam 8.7 130 1131
MzdC2 Morley silt loam 7 115 805
EtA Elliott silty clay loam 3.3 140 462
MeB2 Markham silt loam 2.1 130 273
MzdB2 Morley silt loam 0.9 125 113
BcA Beecher silt loam 0.5 135 68
MzdC Morley silt loam 0.2 120 24
RaA Radford silt loam 0.2 145 29
MzdE Morley silt loam 0.1 0 0
    Total: 77.8    

TOTAL ACRES - 116.8 acres, more or less
TILLABLE ACRES - 77.8 acres, or 66.6% per FSA figures
CORN YIELD - 130.5 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 86.9 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.