MGW Real Estate Information

The Myelle Road Farm
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Price : $7,900 per acre Sold
County: DeKalb

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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 47 miles northwest of Chicago O'Hare International Airport. Nearby towns include: Kirkland (2 miles southwest), Kingston (2 1/4 miles southeast), and Belvidere (7 1/4 miles north).
Frontage: There is approximately 1/4 mile of road frontage on Myelle Road.
Major Highways: Illinois Route 72 is 2 miles south, Interstate 90 is 7 1/4 miles north, U.S. Route 20 is 7 3/4 miles north, and Interstate 39/U.S. Route 51 is 10 miles west of the property.
Legal Description: A brief legal description indicates The Myelle Road Farm is located in Part of The Southeast Quarter of Section 12, Township 42 North - Range 3 East (Franklin Township), and Part of the Southwest Quarter of Section 7, Township 42 North - Range 4 East (Kingston Township), all in DeKalb County, Illinois.
Total Acres: There are a total of 77.5 acres, more or less, according to the DeKalb County Assessor's Office.
Tillable Acres: There are approximately 70.23 tillable acres, according to the DeKalb County FSA.
Soil Types: The primary soil type found on this farm is Kidami silt loam.
Topography: The topography of the subject farm is level to nearly 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 $7,900 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 2015 real estate taxes totaled $1,644.00. The tax parcel numbers are #01-12-400-012 and #02-07-300-002.
Grain Markets: There are a number of grain markets located within 15 miles of The Myelle Road Farm.
Zoning: The Myelle Road Farm is zoned Agricultural.
Comments: Highly productive DeKalb County tillable ground with recreational opportunities on 3 acres of timber. Excellent investment opportunity.
 
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
527B Kidami silt loam 49.5 155 7672
356A Elpaso silty clay loam 18.4 195 3588
193B Mayville silt loam 2.01 148 297
62A Herbert silt loam 0.32 179 57
    Total: 70.23    

TOTAL ACRES - 77.5 acres, more or less
TILLABLE ACRES - 70.2 acres, or 90.6% per FSA figures
CORN YIELD - 165.4 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 149.9 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.