MGW Real Estate Information

The Rissman Farm
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Price : $11,500 per acre Sold
County: DeKalb

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Contact Details -
Jeff Waddell  (Agent)
Phone: 815-756-3606
Mobile:  815-751-0501

Property Details
Location: The subject farm is located approximately 44 miles southwest of Chicago O'Hare International Airport. Nearby towns include: Waterman (1/4 mile south), Hinckley (5 miles east), and DeKalb (6 1/2 miles north). The property address is 10330 State Route 23, Waterman, IL 60556.
Frontage: There is approximately 1/2 mile of road frontage on Lee Road, 1/2 mile on Duffy Road, and 1 mile on Illinois Route 23.
Major Highways: Illinois Route 23 is the west border of the property, U.S. Route 30 is 1/2 mile south, and Interstate 88 is 7 3/4 miles north of the property.
Legal Description: A brief legal description indicates The Rissman Farm is located in the West Half of Section 11, Township 38 North - Range 4 East (Clinton Township), DeKalb County, Illinois.
Total Acres: There are a total of 312.9 acres, more or less, according to the DeKalb County Assessor's Office.
Tillable Acres: There are approximately 299.92 cropland acres, according to the DeKalb County FSA, of which 12.2 acres are currently enrolled in CRP with an annual contract payment of $3,258.13 through 9/30/2021.
Soil Types: Major soil types found on this farm include: Danabrook silt loam, Drummer silty clay loam, and Elpaso silty clay loam.
Topography: The topography of the subject farm is level to gently rolling.
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 $11,500 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 2014 real estate taxes totaled $20,122.22. The tax parcel numbers are #14-11-100-001 and #14-11-300-001.
Grain Markets: There are a number of grain markets located within 15 miles of The Rissman Farm.
Zoning: The Rissman Farm is zoned A-1, Agricultural.
Comments: Excellent location just 1/4 mile north of the village of Waterman on State Route 23. Property includes two homes and several outbuildings.
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
512B Danabrook silt loam 63.18 185 11688
152A Drummer silty clay loam 62.34 195 12156
356A Elpaso silty clay loam 60.69 195 11835
171B Catlin silt loam 53.73 185 9940
60C2 La Rose loam 34.25 148 5069
154A Flanagan silt loam 9.59 194 1860
512C2 Danabrook silt loam 7.69 174 1338
103A Houghton muck 5.44 175 952
221C2 Parr silt loam 1.62 148 240
67A Harpster silty clay loam 1.39 182 253
    Total: 299.92    

TOTAL ACRES - 313.0 acres, more or less
TILLABLE ACRES - 299.9 acres, or 95.8% per FSA figures
CORN YIELD - 184.5 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 176.8 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.