MGW Real Estate Auction Information

The Nu-Way Farm


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

Date of Auction: 8/7/2014
Time of Auction: 1:00 PM
Auction Location: New Glarus Village Hall, 319 2nd Street, New Glarus, WI 53574
Inspection Date:
Inspection Location: Please call to schedule an inspection.
Directions to Auction: From the intersection of WI Highway 39 & WI Highway 69 in New Glarus, travel west on Highway 39/6th Avenue for 0.2 miles to 2nd Street. Head north for 0.1 miles to the auction site.
Directions to Farm: From the intersection of County Highway X and WI Highway 92, head south for 0.7 miles on Highway X 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 September 5, 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 2014 real estate taxes due and payable in 2015 shall be shared equally between the seller and buyer. All subsequent year taxes shall be the responsibility of the buyer.
Crops & Expenses: The buyer shall receive a 2014 crop year cash rent credit at closing in the amount of $9,918. Buyer shall receive the landlord share (or cash rent) for the 2015 crop year.
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: Nu-Way Tree Moving, Inc.
Property Details
Location: The subject farm is located approximately 80 miles southwest of Milwaukee General Mitchell International Airport and is contiguous to the Story Creek Subdivision. Nearby towns include: Belleville (2 1/2 miles northwest), New Glarus (6 1/2 miles west) and Evansville (9 miles southeast).
Frontage: There is approximately 3/8 mile road frontage on Pernot Lane and 5/16 mile road frontage on County Highway X.
Major Highways: State Highway 92 is 1/2 mile north, State Highway 69 is 6 1/2 miles west, and State Highway 104 is 6 1/2 miles east of the property.
Legal Description: A brief legal description indicates the Nu-Way farm is located in part of the Southwest Quarter of Section 13, Township 4 North - Range 8 East (Exeter Township), in Green County, Wisconsin.
Total Acres: There are a total of 132.77 acres, more or less, according to the Green County Assessor's Office.
Tillable Acres: There are approximately 132.24 tillable acres.
Soil Types: Major soils types found on this farm include: Ockley loam and Thackery silt loam.
Topography: The topography of the subject farm is level.
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 September 5, 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.
Financing: Mortgage financing is available from several sources. Names and addresses can be provided upon request.
Taxes: The 2013 real estate taxes totaled $750.16. The tax parcel number is 2301400870000.
Grain Markets: There are a number of grain markets located within 20 miles of the Nu-Way Farm.
Zoning: The farm is zoned Agricultural.
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
OeA Ockley loam 125.45 130 16309
OeB Ockley l oam 4.68 125 585
ThA Thackery silt loam 2.11 130 274
    Total: 132.24    

TOTAL ACRES - 132.8 acres, more or less
TILLABLE ACRES - 132.2 acres, or 99.6% per FSA figures
CORN YIELD - 129.8 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 129.3 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.