MGW Real Estate Information

The Lueth Farm
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Price : $14,900 per acre
County: Kane

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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 23 miles Northwest of Chicago O'Hare International Airport. Nearby cities include: Algonquin (3/4 mile north), Elgin (2 miles south), and Huntley (2 3/4 miles west). The Lueth Farm is contiguous to Carpentersville and Gilberts.
Frontage: There is approximately 33 feet of road frontage on Galligan Road.
Major Highways: State Highway 72 is 2 miles south, Interstate 90 is 2 1/4 miles southwest, and State Highway 47 is 3 miles west of the property.
Legal Description: A brief legal description indicates the Lueth Farm is located in Part of the North Half of Section 12, Township 42 North - Range 7 East (Rutland Township), Kane County, Illinois.
Total Acres: There are a total of 82 acres, more or less, according to the Kane County Assessor's Office.
Tillable Acres: There are 80.64 tillable acres according to the McHenry County FSA Office.
Soil Types: Major soil types found on this farm include: Will loam, Harpster silty clay loam, and Mundelein silt loam.
FSA Data: According to the McHenry County FSA there are 80.64 cropland acres. The FSA direct corn yield is 103 bushels per acre and the FSA corn base is 69.4 acres. The FSA direct bean yield is 25 bushels per acre and the FSA bean base is 8.6 acres. There are no wetlands per the FSA.
Topography: The topography of the subject farm is level.
Climate/Growing Season: Kane County has a continental climate typical of northern Illinois. The average length of the growing season is nearly 142 days. On average we expect about 2,854 growing degree days from April 15 through September 30. Annual precipitation averages about 34 inches with over two-thirds of this coming during the growing season. Snowfall averages about 32 inches per year. Prevailing winds are from the west. This climate, combined with the generally excellent soils in this area, provides 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 $14,900 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 2016 real estate taxes totaled $1,963.02. The tax parcel numbers are #02-12-100-002, #02-12-100-004, and #02-12-200-003.
Grain Markets: There are a number of grain markets located within 15 miles of The Lueth Farm.
Zoning: The Lueth Farm is zoned F - Farming District.
Comments: Excellent location. Contiguous to the Binnie Forest Preserve and residential development, and in close proximity to Randall Road.
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
329A Will loam 42.8 174 7447
67A Harpster silty clay loam 18.35 182 3340
442A Mundelein silt loam 10.55 188 1983
318B Lorenzo loam 6.62 142 940
210A Lena muck 2.32 170 394
    Total: 80.64    

TOTAL ACRES - 82.0 acres, more or less
TILLABLE ACRES - 80.6 acres, or 98.3% per FSA figures
CORN YIELD - 174.9 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 172.0 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.