MGW Real Estate Information

The Roselawn Farm
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Price : $7,000 per acre Sold
County: Newton

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

Property Details
Location: The subject farm is located approximately 86 miles southeast of Chicago O'Hare International Airport and east of Roselawn. Nearby towns include: Lake Village (9 miles west) and DeMotte (8 miles northeast).
Frontage: There is approximately 1/4 mile of road frontage on E 900 N Road, and 1/8 mile on County Line Road.
Major Highways: State Road 55 is 2 1/2 miles west, State Road 10 is 1 mile north, Interstate 65 is 2 miles east and U.S. Route 41 is 10 miles to the west of the property.
Legal Description: A brief legal description indicates the Roselawn Farm is located in Part of the Southeast Quarter of Section 13 in Township 31 North - Range 8 West (Lincoln Township) in Newton County, Indiana.
Total Acres: There are a total of 98.0 acres, more or less, according to the Newton County Assessor's Office.
Tillable Acres: There are 96.8 tillable acres according to the Newton County FSA Office.
Soil Types: Major soil types found on this farm include Granby loamy fine sand, Zadog-Granby complex, Morocco loamy sand, Watseka loamy sand and Brems loamy sand.
Topography: The topography of the subject farm is level to gently rolling.
Climate/Growing Season: Newton County Indiana has a humid continental climate, with cool winters and warm summers. The average length of the growing season is nearly 155 days. The average high/low temperatures is around 77 F/54 F. Annual precipitation averages about 37.6 inches with over two thirds of this coming during the growing season. This climate, combined with the generally excellent soils in this area, provide a nearly ideal environment for the production of corn and soybeans.
Mineral Rights: All mineral rights owned by the seller will be transferred in their entirety to the new owner.
Possession: Possession will be given at closing, subject to the terms and conditions set forth in a purchase contract.
Price and Terms: The asking price is $7,000 per acre. The owners are seeking a cash sale. A 10% earnest money deposit should accompany any offer to purchase.
Financing: Mortgage financing is available from several sources. Names and addresses will be provided upon request.
Taxes: The 2010 Real Estate Taxes totaled $2,628.20. The tax parcel number is 56-05-13-400-019.000-013.
Grain Markets: There are a number of grain markets located within 15 miles of the Roselawn Farm.
Zoning: The farm is zoned Agricultural.
 
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
Gt Granby loamy fine sand 45.9 135 6197
Zg Zadog-Granby complex 26.6 146 3884
MuA Morocco loamy sand 9.4 100 940
WeA Watseka loamy sand 7.5 115 863
BmB Brems loamy sand 6.2 90 558
OaB Oakville fine sand 0.7 85 60
OaC Oakville fine sand 0.5 75 38
    Total: 96.8    

TOTAL ACRES - 98.0 acres, more or less
TILLABLE ACRES - 96.8 acres, or 98.8% per FSA figures
CORN YIELD - 129.5 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 128.0 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.