MGW Real Estate Information

The Nefstead Trust Farm
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Price : $10,750 per acre Sold
County: Lee

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Contact Details -
Josh Waddell  (Agent)
Phone: 815-756-3606
Mobile:  815-751-0439
Email: Josh.Waddell@mgw.us.com

Property Details
Location:

The subject farm is located approximately 78 miles west of Chicago O'Hare International Airport.  Nearby towns include: Rochelle (3 miles northwest), Shabbona (13 1/2 miles southeast), and Paw Paw (14 1/2 miles south) of the property.

Frontage:

There is approximately 1/4 mile of road frontage on Steward Road (County Highway 8).

Major Highways:

Interstate 39 is 3/4 mile east, Illinois Highway 251 is 2 1/2 miles west, Interstate 88 is 4 miles north, and U.S. Highway 30 is 6 1/2 miles south of the property.

Legal Description:

A brief legal description indicates the Nefstead Trust Farm is located in Part of the Southeast Quarter of Section 17 in Township 39 North - Range 2 East (Alto Township), Lee County, Illinois.

Total Acres:

There are a total of 45 acres, more or less.

Tillable Acres:

There are 44 tillable acres according to the Lee County FSA Office.

Soil Types:

Major soil types found on this farm include Waupecan silt loam, Saybrook silt loam, and Drummer silty clay loam.

Topography:

The topography of the subject farm is level.

Climate/Growing Season:

Lee County has a continental climate typical of northern Illinois.  The average length of the growing season is nearly 173 days.  On average we expect about 2750 growing degree days from April 23 through October 15. Annual precipitation averages about 35 inches with over two thirds of this coming during the growing season.  Snowfall averages about 35 inches per year.  Prevailing winds are from the west-northwest.  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 $10,750 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, including 1st Farm Credit and local banks.  Additional names and addresses will be provided upon request.

Taxes:

The 2011 Real Estate Taxes totaled $1,062.00. The tax parcel number is #06-17-426-001.

Grain Markets:

There are a number of grain markets located within 10 miles of the Nefstead Trust Farm.

Zoning:

The farm is zoned Agricultural.

 
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
369A Waupecan silt loam 23.5 189 4442
145B2 Saybrook silt loam 15.6 170 2652
152A Drummer silty clay loam 4.5 195 878
622C2 Wyanet silt loam 0.4 150 60
    Total: 44    

TOTAL ACRES - 45.0 acres, more or less
TILLABLE ACRES - 44.0 acres, or 97.8% per FSA figures
CORN YIELD - 182.5 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 178.5 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.