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ONLINE AUCTION - The auction platform is open for bidding. The auction closes September 22, 2021, beginning at 1 p.m. Central Time.
Auction Date
Sep 22, 2021 - 1:00 PM
Inspection Location
Please call to schedule an inspection.
Directions to Auction
ONLINE AUCTION: The auction platform is open for bidding. Please visit mgw.us.com/auburnroad to bid. The auction closes September 22, 2021, beginning at 1 p.m. Central Time.
Directions to Farm
From Business U.S. 20 in Rockford, travel 0.9 mile north on N Meridian Road. At the traffic circle, take the third exit onto Auburn Road, and continue west 0.5 mile to arrive at the farm.
Auction Terms & Conditions
agency
Martin, Goodrich & Waddell, Inc. and its representatives are agents of the owner.
earnest money escrow
The successful bidder as determined by the auctioneer is required to make a 10% down payment of the accepted bid price on the day of auction with the balance due at closing. Bidding is not conditional upon financing.
closing
Closing shall be on or before October 22, 2021. The purchase agreement is between the seller and buyer only and cannot be assigned to a third party without the written consent of the seller. Possession is subject to the rights of any tenants in possession.
real estate taxes
The 2021 real estate taxes due and payable in 2022 shall be paid by the seller. The 2022 real estate taxes and all subsequent year taxes shall be paid by the buyer.
Crops And Expenses
The seller will retain the 2021 crop year cash rent.
title evidence
At closing, seller shall furnish a commitment and Owner’s Title Guaranty Policy for the amount of the purchase price at the seller’s expense.
survey
Seller shall secure a boundary survey by a licensed land surveyor at the seller’s expense, dated no more than 6 (six) months prior to closing. Final purchase price will be based upon gross surveyed acres.
disclaimer
Announcements made the day of the auction supersede any previously made
statements or material provided, whether printed or oral. Information contained in this brochure is subject to the terms and conditions of the purchase agreement between the seller and buyer. All maps, data, acreages, and images in this brochure are approximate, and no liability for its accuracy is assumed by the seller or seller’s agent. The buyer shall be responsible for conducting their own independent inspection and due diligence concerning the property. The property is being sold “as is” and “where is” with no warranty or representation, either expressed or implied, concerning the property is made by the seller or seller’s agent. The auctioneer reserves the right to make final decisions on auction conduct and bidding increments.
statements or material provided, whether printed or oral. Information contained in this brochure is subject to the terms and conditions of the purchase agreement between the seller and buyer. All maps, data, acreages, and images in this brochure are approximate, and no liability for its accuracy is assumed by the seller or seller’s agent. The buyer shall be responsible for conducting their own independent inspection and due diligence concerning the property. The property is being sold “as is” and “where is” with no warranty or representation, either expressed or implied, concerning the property is made by the seller or seller’s agent. The auctioneer reserves the right to make final decisions on auction conduct and bidding increments.
disclosure
Some photos in this brochure may be stock photography and are for illustrative purposes only.
conveyance
At closing, seller shall convey and transfer the property to buyer by warranty deed, appropriate assignment, land trust, or other similar acceptable instrument of conveyance. At the same time, the balance of the purchase price then due shall be paid and all documents relative to the transaction shall be signed and delivered.
Description of Property
Part of the Southeast Quarter of Section 35, Township 27 North – Range 11 East (Burritt Township), Winnebago County, Illinois.
Method
The property will be offered in one tract in an online auction. Bidding will be on a per acre basis, multiplied by gross surveyed acres. The seller reserves the right to accept or reject any or all bids. All successful bidders will enter into a purchase agreement with the seller immediately following the auction. Upon the close of the auction, the purchase agreement will be forwarded to the successful bidders via email or fax. A signed copy of the purchase agreement must be received by Martin, Goodrich & Waddell, Inc. within 24 hours of the auction closing. A 10% earnest money payment is required to accompany the purchase agreement and may be submitted by cashier’s check or wire transfer. Bidding ends at 1:00 p.m. Central Time on Wednesday, September 22, 2021. A bid placed within 5 minutes of the scheduled close of the auction will extend bidding by 5 additional minutes until all bidding is completed. If you plan to bid, please register 24 hours prior to the auction closing. Bidding is not conditional upon financing.
Mineral Rights
The buyer will receive and the seller will convey all mineral rights that the seller owns relating to the property.
Property Details
location
The subject farm is located approximately 69 miles northwest of Chicago O’Hare International Airport. Nearby cities include: Rockford (¼ mile north), Winnebago (2¼ miles southwest) and Loves Park (4¼ miles east).
frontage
There is approximately 7/16 mile of road frontage on Auburn Road and 1/4 mile on N Weldon Road.
major highways
Business U.S. 20 & U.S. 20 are 3/4 miles south, Illinois Route 70 is 2 5/8 miles northeast, and Illinois Route 2 is 5 1/2 miles east of the property.
legal description
A brief legal description indicates The Auburn Road Farm is located in Part of the Southeast Quarter of Section 35, Township 27 North – Range 11 East (Burritt Township), Winnebago County, Illinois.
total acres
There are a total of 55.08 acres according to the Winnebago County Assessor.
tillable acres
There are approximately 51.44 tillable acres, estimated.
soil types
Major soil types found on this farm include Assumption silt loam, Osco silt loam, and Winnebago silt loam.
topography
The topography of the subject farm is level to gently rolling.
location climate growing season
Winnebago County has a continental climate typical of northern 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 two-thirds of this coming during the growing season. Snowfall averages about 36" per year. Prevailing winds are from the west and southwest. This climate, combined with the generally excellent soils in this area, provides a nearly ideal environment for the productions of corn, wheat and soybeans.
mineral rights
The buyer will receive and the seller will convey all mineral rights that the seller owns relating to the property.
possession
Closing shall be on or before October 22, 2021. The purchase agreement is between the seller and buyer only and cannot be assigned to a third party without the written consent of the seller. Possession is subject to the rights of any tenants in possession.
financing
Mortgage financing is available from several sources. Names and addresses will be provided upon request.
taxes
The 2020 real estate taxes totaled $1,588.46 and the tax parcel numbers are #10-35-400-005 & #10-35-400-007.
grain markets
There are a number of grain markets located within 15 miles of The Auburn Road Farm.
zoning
The Auburn Road Farm is zoned AG - Agricultural Priority.