MGW Real Estate Auction Information

The Fischer Farm


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

Date of Auction: 1/9/2014
Time of Auction: 1:00 PM
Auction Location: Sycamore Golf Club, 940 East State Street, Sycamore, IL 60178
Inspection Date:
Inspection Location: Please call to schedule an inspection.
Directions to Auction: The Sycamore Golf Club is located on the south side of Illinois Route 64, on the east edge of Sycamore, Illinois.
Directions to Farm: From Illinois Route 23 north of downtown Sycamore, head east for 2.4 miles on Mt. Hunger Road or Swanson Road to arrive at the farm.

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 February 11, 2014. 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 due and payable in 2014 shall be paid by the seller. The 2014 real estate taxes and all subsequent year taxes shall be the responsibility of the buyer.
Crops & Expenses: Seller shall retain the landlord share 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 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 flyer may be stock photography and are for illustrative purposes only.
Owner: Fischer Family Farm, LLC
Property Details
Location: The subject farm is located approximately 37 miles west of Chicago O'Hare International Airport. Nearby towns include: Sycamore (1/4 mile northwest), Elgin (13 miles east), Elburn (10 miles southeast), and Maple Park (6 miles south).
Frontage: There is 3/16 mile of road frontage on Mt. Hunger Road and 3/8 mile on Swanson Road.
Major Highways: Illinois Route 64 is 1 mile south, Illinois Route 38 is 1 3/4 miles north, and Illinois Route 23 is 2 1/4 miles west of the property.
Legal Description: A brief legal description indicates the Fischer Farm is located in Part of the Southwest Quarter of Section 35, Township 41 North, Range 5 East (Sycamore Township), DeKalb County, Illinois.
Total Acres: There are a total of 144.30 acres according to a recent survey.
Tillable Acres: There are approximately 142.73 tillable acres.
Soil Types: Major soil types found on this farm include: Danabrook silt loam, Parr silt loam, Elburn silt loam, and Elpaso silty clay loam.
Topography: The topography of the Fischer Farm is level to gently rolling.
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 2,750 growing degree days from April 15 through September 30. Annual precipitation averages about 35" with over 2/3 of this coming during the growing season. Snowfall averages about 36" per year. Prevailing winds are from the west and southwest. This climate, combined with the generally excellent soils in this area, provides 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 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.
Taxes: The estimated 2012 real estate taxes were $4,032.36. The tax parcel numbers are to be determined.
Grain Markets: There are a number of grain markets located within 10 miles of the Fischer Farm.
Zoning: The Fischer Farm is zoned A-1, Agricultural.
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
512B Danabrook silt loam 35.59 185 6584
198A Elburn silt loam 26.72 197 5264
221B2 Parr silt loam 26.12 151 3944
356A Elpaso silty clay loam 16.59 195 3235
154A Flanagan silt loam 11.98 194 2324
59A Lisbon silt loam 10.34 188 1944
663A Clare silt loam 8.94 182 1627
221C2 Parr silt loam 4.66 148 690
330A Peotone silty clay loam 0.89 164 146
663B Clare silt loam 0.79 180 142
152A Drummer silty clay loam 0.11 195 21
    Total: 142.73    

TOTAL ACRES - 144.3 acres, more or less
TILLABLE ACRES - 142.7 acres, or 98.9% per FSA figures
CORN YIELD - 181.6 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 179.6 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.