MGW Real Estate Information

The Oleson Farm
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Price : $7,975 per acre Sold
County: Lee

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

Property Details
Location: The subject farm is located approximately 54 miles southwest of Chicago O'Hare International Airport. Nearby towns include: Rochelle (6 3/8 miles northwest) and DeKalb (11 miles northeast).
Frontage: There is approximately 1/2 mile of road frontage on Woodlawn Road and 1/2 mile on Herman Road.
Major Highways: Interstate 39/U.S. Route 51 is 2 1/4 miles west, U.S. Route 30 is 3 miles south, Interstate 88 is 6 miles north, and Illinois Route 23 is 10 7/16 miles east of the property.
Legal Description: A brief legal description indicates The Oleson Farm is located in Part of the Southeast Quarter of Section 35 and the Southwest Quarter of Section 36, all in Township 39 North - Range 2 East (Alto Township), Lee County, Illinois.
Total Acres: There are a total of approximately 157 acres, more or less.
Tillable Acres: There are approximately 145.65 tillable acres. Farm is subject to a leaseback for 2017. Please call for additional details.
Soil Types: Major soil types found on this farm include Wyanet silt loam and Flanagan silt loam.
Topography: The topography of the subject farm is level to gently rolling.
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 $7,975 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 2015 real estate taxes totaled $1,608 for tax parcel #06-36-300-001. The remaining acreage is part of tax parcel #06-35-400-002 and is currently being assessed with the 3 acre building site that is being split from the farmland. The estimated 2015 taxes for this parcel is approximately $2,400.
Grain Markets: There are a number of grain markets located within 15 miles of The Oleson Farm.
Zoning: The Oleson Farm is zoned Agricultural.
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
622B2 Wyanet silt loam 62.33 153 9536
154A Flanagan silt loam 31.12 194 6037
356A Elpaso silty clay loam 17.66 195 3444
171B Catlin silt loam 16.91 185 3128
145B2 Saybrook silt loam 10.71 170 1821
622C2 Wyanet silt loam 3.67 150 550
198A Elburn silt loam 2.62 197 516
512B Danabrook silt loam 0.63 185 117
    Total: 145.65    

TOTAL ACRES - 157.0 acres, more or less
TILLABLE ACRES - 145.7 acres, or 92.8% per FSA figures
CORN YIELD - 172.7 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 160.2 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.