MGW Real Estate Information

The Bend Farm
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Price : $10,600 per acre Sold
County: Lee

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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 57 miles southwest of Chicago O'Hare International Airport. Nearby towns include: Paw Paw (3/8 mile west), Shabbona (5 1/2 miles northeast), Earlville (6 1/2 miles southeast), and Somonauk (14 1/8 miles southeast).
Frontage: There is approximately 219 feet of road frontage on Chicago Road.
Major Highways: Interstate 39/U.S. Route 51 is 2 1/2 miles northwest, U.S. Route 30 is 4 3/16 miles north, U.S. Route 34 is 7 3/4 miles south, and Illinois Route 23 is 10 5/8 miles east of the property
Legal Description: A brief legal description indicates The Bend Farm is located in Part of the East Half of Section 11, Township 37 North - Range 2 East (Wyoming Township), Lee County, Illinois.
Total Acres: There are a total of 109.987 acres, according to a recent survey.
Tillable Acres: There are approximately 105.79 tillable acres according to the DeKalb County FSA
Soil Types: Major soil types found on this farm include Sable silty clay loam and Harpster silty clay loam.
Topography: The topography of the subject farm is level to nearly level.
Climate/Growing Season: Lee County has a continental climate typical of northern Illinois. The average length of the growing season is nearly 173 days. On average we expect about 2,750 growing degree days from April 23 through October 15. Annual precipitation averages about 35" with over two thirds of this coming during the growing season. Snowfall averages about 35" per year. Prevailing winds are from the west-northwest.
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 $10,600 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 $3,784. The tax parcel number is #18-11-200-003.
Grain Markets: There are a number of grain markets located within 10 miles of The Bend Farm.
Zoning: The Bend Farm is zoned A-1, Agricultural District.
 
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
68A Sable silty clay loam 50.66 192 9727
67A Harpster silty clay loam 20.58 182 3746
622B2 Wyanet silt loam 12.78 153 1955
145B2 Saybrook silt loam 8.58 170 1459
103A Houghton muck 4.44 175 777
171B Catlin silt loam 4.12 185 762
154A Flanagan silt loam 2.46 194 477
198A Elburn silt loam 2.17 197 427
    Total: 105.79    

TOTAL ACRES - 110.0 acres, more or less
TILLABLE ACRES - 105.8 acres, or 96.2% per FSA figures
CORN YIELD - 182.7 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 175.8 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.