MGW Real Estate Information

The Peterson Road Farm
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Price : $10,650 per acre Sold
County: Kane

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Contact Details -
Josh Waddell  (Agent)
Phone: 815-756-3606
Mobile:  815-751-0439

Property Details
Location: The subject farm is located approximately 34 miles west of Chicago O'Hare International Airport. Nearby towns include: Maple Park (2 1/4 miles south), Sycamore (4 1/8 miles northwest), and Elburn (6 1/2 miles southeast).
Frontage: There is approximately 1/3 mile of road frontage on Peterson Road.
Major Highways: Illinois Route 64 is 3/4 mile northeast, Illinois Route 47 is 5 1/2 east, Illinois Route 38 is 3 3/8 miles southwest, and Interstate 4 1/2 miles southwest of the property.
Legal Description: A brief legal description indicates The Peterson Road Farm is located in Part of the Northeast Quarter of Section 18, Township 40 North - Range 6 East (Virgil Township), Kane County, Illinois.
Total Acres: There are a total of 20 acres, more or less, according to the Kane County Assessor's Office.
Tillable Acres: There are approximately 20.27 tillable acres, according to the Kane County FSA.
Soil Types: Major soil types found on this farm include Drummer silty clay loam and Millbrook 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 $10,650 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 $733.86. The parcel number is #07-18-200-002.
Grain Markets: There are a number of grain markets located within 15 miles of The Peterson Road Farm.
Zoning: The Peterson Road Farm is zoned F - Farming District.
Comments: Property meets requirements for building one single family residence per the Kane County Development Department.
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
152A Drummer silty clay loam 8.28 195 1614
219A Millbrook silt loam 4.39 177 777
193B Mayville silt loam 3.99 148 591
668A Somonauk silt loam 3.42 163 557
668B Somonauk silt loam 0.19 161 31
    Total: 20.27    

TOTAL ACRES - 20.0 acres, more or less
TILLABLE ACRES - 20.3 acres, or 101.4% per FSA figures
CORN YIELD - 176.1 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 178.5 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.