MGW Real Estate Information

The Perkins Farm
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Price : $10,900 per acre
County: Kane

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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 32 miles west of Chicago O'Hare International Airport and within the village of Burlington. Nearby towns include: Hampshire (1 1/8 miles north), Pingree Grove (3 5/8 miles northeast), and Sycamore (5 1/8 miles southwest).
Frontage: There is approximately 3/8 mile of road frontage on Plank Road.
Major Highways: Illinois Route 72 is 1 3/4 miles north, Illinois Route 47 is 3 1/4 miles east, and U.S. Route 20 is 4 miles northeast of the property.
Legal Description: A brief legal description indicates The Perkins Farm is located in Part of the East Half of Section 3, Township 41 North - Range 6 East (Burlington Township), Kane County, Illinois.
Total Acres: There are a total of 135.1087 acres, according to a recent survey.
Tillable Acres: There are approximately 125 tillable acres, estimated. Subject to a farm lease through February 28, 2019.
Soil Types: Major soil types found on this farm include Drummer silty clay loam and Barony silt loam.
Topography: The topography of the subject farm is level to nearly level.
Climate/Growing Season: Kane County has a continental climate typical of northern Illinois. The average length of the growing season is nearly 142 days. On average we expect about 2,854 growing degree days from April 15 through September 30. Annual precipitation averages about 34 inches with over two-thirds of this coming during the growing season. Snowfall averages about 32 inches per year. Prevailing winds are from the west. 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 $10,900 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 estimated 2015 real estate taxes for the 132.55 acres were approximately $5,500. Actual taxes to be determined after parcel split. The farm is currently part of tax parcel number #04-03-400-004.
Grain Markets: There are a number of grain markets located within 15 miles of The Perkins Farm.
Zoning: The Perkins Farm is zoned A-1, Agricultural.
Comments: Great investment opportunity. Highly productive tillable farmland with excellent development potential.
 
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
152A Drummer silty clay loam 37.6 195 7332
662B Barony silt loam 21.79 170 3704
680A Campton silt loam 19.12 164 3136
3076A Otter silt loam 10.66 186 1983
198A Elburn silt loam 10.24 197 2017
125A Selma loam 9.84 176 1732
680B Campton silt loam 6.32 162 1024
325B Dresden silt loam 3.96 156 618
663A Clare silt loam 1.98 182 360
219A Millbrook silt loam 1.3 177 230
149A Brenton silt loam 1.17 195 228
696B Zurich silt loam 0.83 161 134
325C2 Dresden silt loam 0.19 150 28
    Total: 125    

TOTAL ACRES - 135.1 acres, more or less
TILLABLE ACRES - 125.0 acres, or 92.5% per FSA figures
CORN YIELD - 180.2 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 166.7 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.