MGW Real Estate Information

The Tower Road Farm
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Price : $10,900 per acre Sold
County: DeKalb

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Contact Details -
Jeff Waddell  (Agent)
Phone: 815-756-3606
Mobile:  815-751-0501
Email: Jeff.Waddell@mgw.us.com

Property Details
Location: The subject farm is located approximately 53 miles southwest of Chicago O'Hare International Airport. Nearby towns include: Lee (7/8 miles southwest), Shabbona (3 1/2 miles southeast), and Rochelle (7 miles northwest).
Frontage: There is approximately 1/4 mile of road frontage on Tower Road.
Major Highways: U.S. Route 30 is 3 1/2 miles south, U.S. Route 51/Interstate 39 is 3 7/8 miles west, Interstate 88 is 5 3/4 miles north, and Illinois Route 23 is 8 7/8 miles east of the property.
Legal Description: A brief legal description indicates The Tower Road Farm is located in Part of the Northeast Quarter of Section 31, Township 39 North - Range 3 East (Milan Township), DeKalb County, Illinois.
Total Acres: There are a total of 80 acres, more or less, according to the DeKalb County Assessor's Office.
Tillable Acres: There are approximately 81.3 cropland acres, according to the DeKalb County FSA.
Soil Types: Major soil types found on this farm include Danabrook silt loam and Flanagan 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 $10,900 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 2014 real estate taxes totaled $2,874.50. The tax parcel number is #10-31-200-003.
Grain Markets: There are a number of grain markets located within 15 miles of The Tower Road Farm.
Zoning: The Tower Road Farm is zoned A-1, Agricultural.
 
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
512B Danabrook silt loam 33.93 185 6277
154A Flanagan silt loam 23.57 194 4573
356A Elpaso silty clay loam 17 195 3315
221B2 Parr silt loam 6.8 151 1027
    Total: 81.3    

TOTAL ACRES - 80.0 acres, more or less
TILLABLE ACRES - 81.3 acres, or 101.6% per FSA figures
CORN YIELD - 186.9 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 189.9 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.