MGW Real Estate Information

The Pontiac Farm
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Price : $9,300 per acre Sold
County: Livingston

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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 92 miles southwest of Chicago O'Hare International Airport. Nearby towns include: Chenoa (5 5/8 miles southeast), Pontiac (7 7/8 miles northeast), and Normal (18 miles southwest).
Frontage: There is approximately 1/4 mile of road frontage on E 1300 N Road, 9/16 mile on N 600 E Road, and 1/4 mile on E 1250 N Road.
Major Highways: Illinois Route 116 is 4 miles north, U.S. Route 24 is 4 3/8 miles south, Interstate 55 is 6 1/16 miles east, and Interstate 39/U.S. Route 51 is 11 3/8 miles west of the property.
Legal Description: A brief legal description indicates The Pontiac Farm is located in Part of the East Half of Section 13, Township 27 North - Range 3 East (Waldo Township), Livingston County, Illinois.
Total Acres: There are a total of 97.44 acres, more or less, according to the Livingston County Assessor's Office.
Tillable Acres: There are approximately 92.2 tillable acres according to the Livingston County FSA.
Soil Types: Major soil types found on this farm include Ashkum silty clay loam and Chenoa silty clay loam.
Topography: The topography of the subject farm is level to nearly level.
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 $9,300 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 $1,833.02. The tax parcel numbers are #19-19-13-200-008 and #19-19-13-400-003.
Grain Markets: There are a number of grain markets located within 10 miles of The Pontiac Farm.
Zoning: The Pontiac Farm is zoned AG, Agricultural.
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
232A Ashkum silty clay loam 58.02 170 9863
614A Chenoa silty clay loam 22.02 174 3831
541B Graymont silt loam 12.16 181 2201
    Total: 92.2    

TOTAL ACRES - 97.4 acres, more or less
TILLABLE ACRES - 92.2 acres, or 94.6% per FSA figures
CORN YIELD - 172.4 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 163.1 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.