MGW Real Estate Information

The Priscilla Farm
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Price : $10,500 per acre Sold
County: LaSalle

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Contact Details -
Mark T. Mommsen  (Agent)
Phone: 815-756-3606
Mobile:  815-901-4269

Property Details
Location: The subject farm is located approximately 84 miles southwest of Chicago O'Hare International Airport. Nearby towns include: Magnolia (3 miles southwest), Lostant (3 1/2 miles east), McNabb (3 3/4 miles northwest), and Tonica (5 miles northeast).
Frontage: There is approximately 3/8 mile of road frontage on E 1st Road and 1/2 mile on N 15th Road.
Major Highways: Illinois Route 18 is 1 1/2 miles south, Interstate 39/U.S. Route 51 is 3 miles east, and Illinois Route 89 is 3 1/4 miles west of the property.
Legal Description: A brief legal description indicates The Priscilla Farm is located in Part of the Northwest Quarter of Section 20, Township 31 North - Range 1 East (Hope Township), LaSalle County, Illinois.
Total Acres: There are a total of 147 acres, more or less, according to the LaSalle County Assessor's Office.
Tillable Acres: There are approximately 144.83 tillable acres according to the LaSalle County FSA, of which 8.2 acres are currently enrolled in CRP with an annual payment of $1,925 through 9/30/2019.
Soil Types: Major soil types found on this farm include Sable silty clay loam and Muscatune-Buckhart silt loams.
Topography: The topography of the subject farm is level to gently rolling.
Climate/Growing Season: LaSalle County has a continental climate typical of northern Illinois. The average length of the growing season is nearly 175 days. On average we expect about 2,750 growing degree days from April 24 through October 17. Annual precipitation averages about 33 inches with over half of this coming during the growing season. Snowfall averages about 25 to 27 inches per year. Prevailing winds are from the west-northwest. 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 $10,500 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 $5,958.40. The tax parcel number is #30-20-100-000.
Grain Markets: There are a number of grain markets located within 10 miles of The Priscilla Farm.
Zoning: The Priscilla Farm is zoned A-1, Agricultural.
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
68A Sable silty clay loam 56.11 192 10773
814A Muscatune-Buckhart silt loams 29.49 193 5692
51A Muscatune silt loam 17.13 200 3426
818A Flanagan-Catlin silt loams 11.08 191 2116
171B Catlin silt loam 9.41 185 1741
171C2 Catlin silt loam 7.16 174 1246
86B Osco silt loam 5.29 189 1000
356A Elpaso silty clay loam 3.48 195 679
86C2 Osco silt loam 2.18 178 388
154A Flanagan silt loam 1.79 194 347
206A Thorp silt loam 1.71 170 291
    Total: 144.83    

TOTAL ACRES - 147.0 acres, more or less
TILLABLE ACRES - 144.8 acres, or 98.5% per FSA figures
CORN YIELD - 191.3 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 188.4 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.