MGW Real Estate Information

The Cantlin Farm
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Price : $9,450 per acre Sale Pending
County: Lee

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Contact Details -
Josh Waddell/Mark T. Mommsen  (Agent)
Phone: 815-756-3606
Mobile:  815-901-4269
Email: Josh.Waddell@mgw.us.com Mark.Mommsen@mgw.us.com

Property Details
Location: The subject farm is located approximately 59 miles southwest of Chicago O'Hare International Airport. Nearby towns include: Paw Paw (2 3/4 miles north), Earlville (4 miles southeast), and Mendota (5 miles southwest).
Frontage: There is approximately 7/16 mile of road frontage on Cottage Hill Road.
Major Highways: Interstate 39/U.S. Route 51 is 3 3/8 miles west, U.S. Route 34 is 4 miles south, U.S. Route 30 is 8 3/16 miles north, and Illinois Route 23 is 9 3/8 miles southeast of the property.
Legal Description: A brief legal description indicates The Cantlin Farm is located in Part of the Northwest Quarter of Section 34, Township 37 North - Range 2 East (Wyoming Township), Lee County, Illinois.
Total Acres: There are a total of 113.43 acres, more or less, according to the Lee County Assessor's Office.
Tillable Acres: There are approximately 107.86 tillable acres according to the Lee County FSA.
Soil Types: Major soil types found on this farm include Catlin silt loam and Elpaso silty clay 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 $9,450 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 $3,995.24. The tax parcel numbers are: #18-34-100-001 & #18-34-100-004
Grain Markets: There are a number of grain markets located within 15 miles of The Cantlin Farm.
Zoning: The Cantlin Farm is zoned A-1, Agricultural.
 
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
171B Catlin silt loam 34.62 185 6405
356A Elpaso silty clay loam 26.09 195 5088
145B2 Saybrook silt loam 15.32 170 2604
622C2 Wyanet silt loam 9.12 150 1368
154A Flanagan silt loam 9.08 194 1762
622B2 Wyanet silt loam 5.26 153 805
679A Blackberry silt loam 3.75 194 728
152A Drummer silty clay loam 3.14 195 612
145C2 Saybrook silt loam 1.48 166 246
    Total: 107.86    

TOTAL ACRES - 113.4 acres, more or less
TILLABLE ACRES - 107.9 acres, or 95.1% per FSA figures
CORN YIELD - 181.9 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 173.0 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.