MGW Real Estate Information

The Racine County Horse Property
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Price : $629,000 Sold
County: Racine

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

Property Details
Location: The subject property is located approximately 67 miles northwest of Chicago O'Hare International Airport. Nearby towns include: Waterford (2 1/4 miles northwest), Burlington (5 miles southwest), and Union Grove (7 miles southeast).
Frontage: There is approximately 1/4 mile of road frontage on Highway 20 (Washington Avenue).
Major Highways: Highway 36 is 1 3/4 miles northwest, Highway 75 is 3 1/4 miles east, Highway 11 is 3 1/2 miles south, Interstate 43 is 11 miles northwest, Interstate 94 is 11 1/4 miles east, and Highway 20 borders the property to the north.
Legal Description: The Racine County Horse Property is located in Part of the North Half of Section 7, Township 3 North - Range 20 East (Dover Township), in Racine County, Wisconsin.
Total Acres: There are a total of 77.3 acres, according to a survey.
Tillable Acres: There are approximately 49.6 tillable acres.
Soil Types: Major soil types found on this property include Morley silt loam, Ashkum silty clay loam, and Markham silt loam.
FSA Data: The FSA direct corn yield is 99 bushels per acre and the FSA corn base is 41.2 acres. There are no highly erodible lands.
Topography: The topography of the subject property is gently rolling.
Climate/Growing Season: The average length of the growing season for Racine County, Wisconsin is 173 days. Annual precipitation averages about 34" with 60% of this coming during the growing season. Snowfall averages about 43" per year. The average temperature in the winter is 23 degrees F and the average temperature in the summer is 71.4 degrees F.
Mineral Rights: The buyer will receive and the seller will convey all mineral rights that the seller owns relating to the property.
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 $629,000. 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 2012 real estate taxes totaled $12,341.08. The tax parcel number is #006 032007008000.
Grain Markets: There are a number of grain markets located within 20 miles of the Racine County Horse Property.
Zoning: The property is zoned A-2, General Farming & Residential District II.
Comments: The property offers an outstanding 43-stall horse facility, a 60' x 200' indoor arena, a 2-acre stocked pond, an office, a 5/8 mile professionally designed track, and excellent fencing.
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
MxdB Morley silt loam 15.3 125 1913
AtA Ashkum silty clay loam 11.8 130 1534
MeB Markham silt loam 8.7 130 1131
EtB Elliott silty clay loam 6.5 140 910
MzdC2 Morley silt loam 2.2 115 253
MeB2 Markham silt loam 2 130 260
EtA Elliott silty clay loam 1.7 140 238
MzdB2 Morley silt loam 0.8 125 100
BcA Beecher silt loam 0.6 135 81
    Total: 49.6    

TOTAL ACRES - 77.3 acres, more or less
TILLABLE ACRES - 49.6 acres, or 64.2% per FSA figures
CORN YIELD - 129.4 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 83.1 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.