MGW Real Estate Auction Information

The Sedarquist Farm


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

Date of Auction: 3/4/2016
Time of Auction: 1:00 pm
Auction Location: New Milford Fire Station, 2177 Will James Road, Rockford, IL 61109
Inspection Date:
Inspection Location: Please call to schedule an inspection.
Directions to Auction: From the intersection of State Route 251 and U.S. Route 20, travel south 2.5 miles. Turn west on Will James Road; the fire station is on the south side of the road.
Directions to Farm: From the intersection of State Route 2 and U.S. Route 20, head south on Route 2, cross the Rock River, and turn southwest onto Kishwaukee Road for 3 miles 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 April 5, 2016. 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.
Real Estate Taxes: The 2015 real estate taxes due and payable in 2016 shall be paid by the seller. The 2016 real estate taxes and all subsequent year taxes shall be the responsibility of the buyer.
Crops & Expenses: The property is free of leases for the 2016 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: Nordic Investment Corporation
Property Details
Location: The subject farm is located approximately 64 miles northwest of Chicago O'Hare International Airport. Nearby cities include: Rockford (1 mile east), Byron (5 1/2 miles southwest), and Winnebago (6 1/4 miles northwest).
Frontage: There is approximately 3/8 mile of road frontage on Kishwaukee Road.
Major Highways: Illinois Route 2 is 1/4 mile north, Illinois Route 251 is 3 3/4 miles east, U.S. Route 20 is 3 miles northeast, and Interstate 39 is 6 1/4 miles east of the property.
Legal Description: A brief legal description indicates The Sedarquist Farm is located in Part of the Southwest Quarter of Section 20 and Part of the Northwest Quarter of Section 29, Township 43 North - Range 1 East (Rockford Township), Winnebago County, Illinois.
Total Acres: There are approximately 170.8 acres, more or less.
Tillable Acres: There are approximately 101.5 tillable acres, estimated.
Soil Types: Major soil types found on this farm include Hononegah loamy coarse sand and Griswold loam.
Topography: The topography of the subject farm is level to gently rolling.
Climate / Growing Season: Winnebago County has a continental climate typical of northern 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 two-thirds 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 productions of corn, wheat 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 April 5, 2016. 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.
Financing: Mortgage financing is available from several sources. Names and addresses will be provided upon request.
Taxes: The 2014 real estate taxes totaled $503.20. The tax parcel numbers are #15-20-351-001 & 15-29-126-001.
Grain Markets: There are a number of grain markets located within 15 miles of The Sedarquist Farm.
Zoning: The Sedarquist Farm is zoned Agricultural.
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
354A Hononegah loamy coarse sand 22.1 114 2519
363D2 Griswold loam 21 145 3045
354B Hononegah loamy coarse sand 15.06 113 1702
783A Flagler sandy loam 15.04 129 1940
440B Jasper silt loam 9.45 173 1635
440A Jasper silt loam 5.35 175 936
939D2 Rodman-Warsaw complex 3.98 113 450
290B Warsaw loam 3.61 159 574
779D Chelsea loamy fine sand 2.86 102 292
570A Martinsville silt loam 1.76 155 273
779B Chelsea loamy fine sand 1.18 104 123
102A La Hogue loam 0.14 162 23
    Total: 101.53    

TOTAL ACRES - 170.8 acres, more or less
TILLABLE ACRES - 101.5 acres, or 59.4% per FSA figures
CORN YIELD - 133.1 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 79.1 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.