MGW Real Estate Information

The Bates Road Farm
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Price : $9,850 per acre Sold
County: Boone

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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 62 miles northwest of Chicago O'Hare International Airport. Nearby towns include: Belvidere (2 1/4 miles north), Cherry Valley (5 1/4 miles northwest), Kirkland (7 1/4 miles south), and Marengo (12 miles northeast).
Frontage: There is approximately 7/16 mile of road frontage on Bates Road.
Major Highways: Interstate 90 is 2 1/4 miles north, Interstate 39 is 6 1/4 miles northwest, Illinois Route 72 is 7 miles south, and Illinois Route 23 is 10 3/4 miles southeast of the property.
Legal Description: A brief legal description indicates the Bates Road Farm is located in Part of the South Half of Section 14, Township 43 North - Range 3 East (Flora Township), in Boone County, Illinois.
Total Acres: There are approximately 78.7 acres, more or less.
Tillable Acres: There are approximately 77.5 tillable acres.
Soil Types: Major soil types found on this farm include Odell silt loam, Kidami silt loam, and Selma loam.
Topography: The topography of the subject farm is level to gently rolling.
Climate/Growing Season: Boone 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. The climate, combined with the generally excellent soils in this area, provides a nearly ideal environment for the production of corn, wheat 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 $9,850 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 2013 real estate taxes totaled $1,216.48. The tax parcel numbers are #07-14-300-004 and #07-14-400-004.
Grain Markets: There are a number of grain markets located within 10 miles of the Bates Road Farm.
Zoning: The farm is zoned A-1, Agricultural.
 
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
490A Odell silt loam 42.2 176 7427
527B Kidami silt loam 16.5 155 2558
125A Selma loam 6.4 176 1126
221B Parr silt loam 4.9 157 769
527C2 Kidami loam 4.5 149 671
152A Drummer silty clay loam 2.3 195 449
221C2 Parr silt loam 0.6 148 89
    Total: 77.4    

TOTAL ACRES - 78.7 acres, more or less
TILLABLE ACRES - 77.4 acres, or 98.3% per FSA figures
CORN YIELD - 169.1 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 166.3 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.