MGW Real Estate Auction Information

The Heal Road Farm


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

Date of Auction: 11/11/2014
Time of Auction: 10:00 am
Auction Location: Kishwaukee College Conference Center, 21193 Malta Road, Malta, IL 60150
Inspection Date:
Inspection Location: Please call to schedule an inspection.
Directions to Auction: The auction will be held in the Kishwaukee College Conference Center in Malta, IL. The center is located north of the intersection of IL Route 38 and Malta Road. Take Entrance A and proceed to the A Wing of the campus.
Directions to Farm: From IL Route 38, travel north on Quitno Road for 2 miles to arrive at the farm. The property is on the north side of Heal Road.

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 December 12, 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 paid by the seller. All subsequent year taxes shall be the responsibility of the buyer.
Crops & Expenses: The seller shall receive the 2014 crop year cash rent. 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 will provide an existing boundary survey, prepared by a licensed land surveyor, dated January 2014. 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: Diana M. Delbridge
Property Details
Location: The subject farm is located approximately 52 miles west of Chicago O'Hare International Airport. Nearby towns include: Malta (3 1/2 miles southeast), Rochelle (4 miles southwest), and DeKalb (7 1/2 miles east).
Frontage: There is approximately 1/4 mile of road frontage on Heal Road.
Legal Description: A brief legal description indicates The Heal Road Farm is located in Part of the Southwest Quarter of Section 5, Township 40 North - Range 3 East (Malta Township), DeKalb County, Illinois.
Total Acres: There are 81.00 acres according to recent survey.
Tillable Acres: There are approximately 76.95 cropland acres according to the DeKalb County FSA.
Soil Types: Major soil types found on this farm include: Danabrook silt loam, Parr silt loam, and Flanagan silt loam.
Topography: The topography of the subject 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: Closing shall be on or before December 12, 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 will be provided upon request.
Taxes: The 2013 real estate taxes totaled $2,017.14. The tax parcel number is #07-05-300-013.
Grain Markets: There are a number of grain markets located within 10 miles of The Heal Road Farm.
Zoning: The Heal Road Farm is zoned A-1 Agricultural.
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
512B Danabrook silt loam 27.19 185 5030
221B2 Parr silt loam 17.52 151 2646
154A Flanagan silt loam 16.72 194 3244
221C2 Parr silt loam 8.14 148 1205
171B Catlin silt loam 5.52 185 1021
356A Elpaso silty clay loam 1.86 195 363
    Total: 76.95    

TOTAL ACRES - 81.0 acres, more or less
TILLABLE ACRES - 77.0 acres, or 95.0% per FSA figures
CORN YIELD - 175.6 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 166.8 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.