MGW Real Estate Information

The Charter Oak Stock Farm
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Price : $10,750 per acre Sold
County: DeKalb

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Contact Details -
Josh Waddell  (Agent)
Phone: 815-756-3606
Mobile:  815-751-0439

Property Details
Location: The subject farm is located approximately 49 miles northwest of Chicago O'Hare International Airport. Nearby towns include: Kirkland (3 miles south), Kingston (4 3/8 miles southeast), and Belvidere (5 1/2 miles north).
Frontage: There is approximately 1/8 mile of road frontage on Cherry Valley Road.
Major Highways: Illinois Route 72 is 3 3/8 miles south, Interstate 90 is 5 1/2 miles north, U.S. Route 20 is 5 7/8 miles north, and Interstate 39/U.S. Route 51 is 8 1/2 miles west of the property.
Legal Description: A brief legal description indicates The Charter Oak Stock Farm is located in Part of the South Half of Section 35, Township 43 North - Range 3 East (Flora Township), Boone County, Illinois & Part of Section 2, Township 42 North - Range 3 East (Franklin Township), DeKalb County, Illinois.
Total Acres: There are a total of 200.059 acres according to a recent survey.
Tillable Acres: There are approximately 194.3 tillable acres, according to the DeKalb County FSA, of which 1.9 acres are currently enrolled in CRP with an annual payment of $748 through 9/30/2025.
Soil Types: The primary soil type found on this farm is Danabrook silt loam.
Topography: The topography of the subject farm is level.
Climate/Growing Season: DeKalb 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. 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 $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. Names and addresses will be provided upon request.
Taxes: The estimated 2015 real estate taxes totaled approximately $8,400. The tax parcel numbers are as follows: Boone PIN#s: #07-35-400-015, #07-35-400-016, #07-35-300-005 DeKalb PIN#s: Part of #01-02-100-003, all of #01-02-200-001, #01-02-300-002, #01-02-400-001.
Grain Markets: There are a number of grain markets located within 15 miles of The Charter Oak Stock Farm.
Zoning: The Charter Oak Stock Farm is zoned Agricultural.
Comments: Excellent investment opportunity. Class A DeKalb County farmland with a very high percentage tillable.
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
512B Danabrook silt loam 95.5 185 17668
356A Elpaso silty clay loam 34.52 195 6731
154A Flanagan silt loam 21.47 194 4165
152A Drummer silty clay loam 16.95 195 3305
440B Jasper silt loam 14.33 173 2479
512B Danabrook silt loam 5.55 185 1027
152A Drummer silty clay loam 3.73 195 727
102A La Hogue loam 2.25 162 364
    Total: 194.3    

TOTAL ACRES - 200.1 acres, more or less
TILLABLE ACRES - 194.3 acres, or 97.1% per FSA figures
CORN YIELD - 187.7 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 182.3 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.