The Ho-Ka Farm

location

The subject farm is located approximately 48 miles southwest of Chicago O'Hare International Airport. Nearby cities include: Waterman (1 1/2 miles northwest), Shabbona (2 3/8 miles west), and DeKalb (9 miles north).

frontage

There is approximately 3/8 mile of road frontage on Leland Road.

major highways

U.S. Route 30 is 3/4 mile north, Illinois Route 23 is 3 miles east, and Interstate 39/U.S Route 51 is 10 miles west of the property.

legal description

A brief legal description indicates The Ho-Ka Farm is located in Part of the East Half of Section 19 and Part of the West Half of Section 20, all in Township 38 North – Range 4 East (Clinton Township), DeKalb County, Illinois.

total acres

There are a total of 120 acres, more or less, according to the DeKalb County Assessor.

tillable acres

There are approximately 66.37 cropland acres, according to the DeKalb County FSA. The following approximate, estimated acreages comprise the balance of the property: 31.5 acres in grass and woods, 16 acres of building site, and 4.5 acres in lagoons.

soil types

Major soil types found on this farm include: Catlin silt loam, Wingate silt loam, and Elpaso silty clay loam

topography

The topography of the subject farm is level to gently rolling.

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 terms

The asking price is $11,850 per acre. 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 2022 real estate taxes for PIN #14-20-100-001 (60 acres including the home and outbuildings) totaled $15,499.38. The 2023 total assessment for this PIN decreased by 31.5% from 2022, according to the DeKalb County Assessor, which will be reflected in the 2023 tax bill.

The 2022 real estate taxes for PIN #14-19-200-004 (60 acres of bare land) totaled $1,878.24.

grain markets

There are a number of grain markets located within 15 miles of The Ho-Ka Farm.

zoning

The property is zoned A1– Agriculture.

improvements

The property includes a building site with a single family home and a number of outbuildings located at 8519 Leland Road, Waterman, IL 60556. All improvements are being sold as-is.