MGW Real Estate Information

The Lawrenceville Road Property
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Price : $285,000
County: Boone

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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 property is located approximately 47 miles northwest of Chicago O'Hare International Airport. Nearby towns include: Belvidere (2 miles southwest), Marengo (7 miles east), and Genoa (11 miles south).
Frontage: There is approximately 1/8 mile of road frontage on Lawrenceville Road.
Major Highways: U.S. Route 20 is 5/16 mile south, Interstate 90 is 2 miles southwest, and Illinois Business Route 20 is 3 miles west of the property.
Legal Description: A brief legal description indicates The Lawrenceville Road Property is located in Part of the Southwest Quarter of Section 27, Township 44 North - Range 4 East (Bonus Township), Boone County, Illinois.
Total Acres: There are a total of 28 acres, more or less, according to the Boone County Assessor's Office.
Tillable Acres: There are approximately 13.34 tillable acres, according to the Boone County FSA.
Soil Types: Major soil types found on this property include Caprell silt loam and Elburn silt loam.
Topography: The topography of the subject property is level to nearly level.
Climate/Growing Season: Boone County has a continental climate typical of north-central Illinois. The average length of the growing season is nearly 160 days. On average we expect about 2,750 growing degree days from April 15 through September 30. Annual precipitation averages about 35" with over 2/3 of this coming during the growing season. Snowfall averages about 36" per year. Prevailing winds are from the west and southwest. The climate, combined with the generally excellent soils in this area, provides a nearly ideal environment for the production of corn, wheat 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 $285,000. 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 2016 real estate taxes totaled $316.72. The tax parcel number is #06-27-300-009.
Grain Markets: There are a number of grain markets located within 15 miles of The Lawrenceville Road Property.
Zoning: The Lawrenceville Road Property is zoned A-1, Ag. Preservation.
Comments: Property meets requirements for building one single family home per the Boone County Building and Zoning Department.
 
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
624B Caprell silt loam 10.98 155 1702
198A Elburn silt loam 2.36 197 465
    Total: 13.34    

TOTAL ACRES - 28.0 acres, more or less
TILLABLE ACRES - 13.3 acres, or 47.6% per FSA figures
CORN YIELD - 162.4 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 77.4 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.