MGW Real Estate Auction Information

The Syz Estate Farms


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

Date of Auction: 10/30/2013
Time of Auction: 10:00 am
Auction Location: The American Legion, 500 Depot Street, Mazon, IL 60444
Inspection Dates: 10/15/2013, 10/18/2013
Inspection Location: 4-5 pm 10/15 & 1-2pm 10/18 at the building site (Tract 4)
Directions to Auction: The auction will be held at the Mazon American Legion. Depot Street is 0.3 miles west of the intersection of Illinois Route 47 and North Street. Travel south 0.1 miles on Depot Street to the auction site.
Directions to Farm: The properties are located west of Illinois Route 47, 3 miles north of Mazon and 4 1/4 miles south of Morris, Illinois.

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 November 25, 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. Possession is subject to the rights of any tenants in possession.
Real Estate Taxes: The 2013 real estate taxes and special assessments due and payable in 2014 shall be paid by the seller. All subsequent year taxes shall be the responsibility of the buyer.
Crops & Expenses: Seller shall retain the landlord share for the 2013 crop year.
Government Agricultural Program Payments:  
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 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: Marion B. Syz Estate
Property Details
Location: The subject farms are located approximately 54 miles southwest of Chicago O'Hare International Airport. Nearby towns include: Mazon (3 miles south), Seneca (4 miles northwest), and Morris (4 1/4 miles north).
Frontage: There is approximately 1/4 mile of road frontage on N. Dwight Road, 7/16 mile on Buffalo Road, 5/8 mile on Baker Road, and 1 mile on O'Malley Road.
Major Highways: Illinois Route 47 is 1/2 mile east, Illinois Route 170 is 4 1/2 miles west, and Interstate 80 is 6 miles north of the property.
Legal Description: A brief legal description indicates the Syz Estate Farms are located in Part of the North Half of Section 6 & the North Half of the Northwest Quarter of Section 5, Township 32 North Range 7 East (Mazon Township), Part of the Southeast Quarter of Section 32 & the North Half of the Southwest Quarter of Section 33, Township 33 North-Range 7 East (Wauponsee Township), Part of the South Half of the Southeast Quarter of Section 3 & Part of the South Half of the Southwest Quarter of Section 2 & the Northwest Quarter of the Northwest Quarter of Section 11, Township 32 North-Range 6 East (Vienna Township), in Grundy County, Illinois.
Total Acres: There are approximately 542.09 acres, more or less, according to the Grundy County Assessor's Office.
Tillable Acres: There are approximately 531 tillable acres.
Soil Types: Major soil types found on these farms include: Drummer silty clay loam, Elliott silt loam, and Chenoa silty clay loam.
Topography: The topography of the Syz Estate Farms is level.
Climate / Growing Season: Grundy County has a continental climate typical of northern Illinois. The average length of the growing season is nearly 175 days. On average we expect about 2750 growing degree days from April 24 through October 17. Annual precipitation averages about 33 inches with over half of this coming during the growing season. Snowfall averages about 25 to 27 inches per year. Prevailing winds are from the west-northwest. 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: Closing shall be on or before November 25, 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. Possession is subject to the rights of any tenants in possession.
Financing: Mortgage financing is available from several sources. Names and addresses will be provided upon request.
Grain Markets: There are a number of grain markets located within 10 miles of the Syz Estate Farms.
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
152A Drummer silty clay loam 361.61 195 70514
146A Elliott silt loam 66.93 168 11244
614A Chenoa silty clay loam 35.88 174 6243
149A Brenton silt loam 20.28 195 3955
232A Ashkum silty clay loam 18.56 170 3155
223B2 Varna silt clay loam 9.67 150 1450
330A Peotone silty clay loam 7.83 164 1284
132A Starks silt loam 4.14 163 675
146B Elliott silt loam 2.7 166 448
223C3 Varna silty clay loam 1.8 139 250
294B Symerton silt loam 1.57 177 278
    Total: 530.97    

TOTAL ACRES - 542.1 acres, more or less
TILLABLE ACRES - 531.0 acres, or 97.9% per FSA figures
CORN YIELD - 187.4 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 183.5 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.