MGW Real Estate Auction Information


The Kamrow Farm

SOLD

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Contact Details -
Mark T. Mommsen  (Agent)
Phone: 815-756-3606
Mobile:  815-901-4269
Email: Mark.Mommsen@mgw.us.com



Date of Auction: 12/3/2014
Time of Auction: 1:00 PM
Auction Location: Manteno American Legion, 117 N. Walnut Street, Manteno, IL 60950
Inspection Date:
Inspection Location: Please call to schedule an inspection.
Directions to Auction: From I-57, travel east on 9000N Road/Section Line Road 0.8 miles. Then,turn left onto N. Walnut Street. The American Legion will be on the west side of the street.
Directions to Farm: From I-57, travel west on 9000N Road/Section Line Road 5.8 miles to N 4500W Road. Then,head north 0.3 miles to arrive at the farm. The farm will be on the east side of the 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 January 8, 2015. 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. The 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 gross 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: Patricia Kamrow Trust
Property Details
Location: The subject farm is located approximately 50 miles south of Chicago O'Hare International Airport. Nearby towns include: Manteno (4 1/2 miles east), Bourbonnais (4 1/2 miles southeast), and Wilmington (9 miles northwest).
Frontage: There is a 1/4 mile of road frontage on N 4500W Road.
Major Highways: Illinois Route 102 is 3 1/2 miles southwest, U.S. Route 45 is 4 miles east, Interstate 57 is 5 1/2 miles east, and U.S. Route 52 is 6 1/2 miles north of the property.
Legal Description: A brief legal description indicates The Kamrow Farm is located in Part of the North Half of the Southeast Quarter of Section 16, Township 32 North - Range 11 East (Rockville Township), Kankakee County, Illinois.
Total Acres: There are a total 81.17 acres, more or less, according to a recent survey.
Tillable Acres: There are approximately 81.04 cropland acres according to the Kankakee County FSA.
Soil Types: Major soil types found on this farm include Andres silt loam and Reddick clay 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 January 8, 2015. 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 $1,573.10. The tax parcel number is #04-01-16-400-001.
Grain Markets: There are a number of grain markets located within 10 miles of the Kamrow Farm.
Zoning: The Kamrow Farm is zoned A-1 Agriculture.
 
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
293A Andres silt loam 39.31 184 7233
594A Reddick clay loam 30.74 177 5441
151A Ridgeville fine sandy loam 4.94 151 746
740A Darroch silt loam 3.33 177 589
150B Onarga fine sandy loam 2.72 147 400
    Total: 81.04    


TOTAL ACRES - 81.2 acres, more or less
TILLABLE ACRES - 81.0 acres, or 99.8% per FSA figures
CORN YIELD - 177.8 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 177.5 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.