The Rood Farm

Price: Auction
County: DeKalb

Contact Details
Mark T. Mommsen
Mobile: 815-901-4269
Phone: 815-756-3606
Email: Mark.Mommsen@mgw.us.com

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Auction to be held at the Indian Oaks Country Club, 603 E. Preserve Road, Shabbona, IL 60550
Auction Date
Feb 05, 2020 - 1:00 PM
Inspection Location
Please call to schedule an inspection.
Directions to Auction
From U.S. Route 30 in Shabbona, travel south on Shabbona Road 0.5 miles to Preserve Road. Head east on Preserve Road 0.7 miles to arrive at Indian Oaks Country Club.
Directions to Farm
From U.S. Route 30 in Shabbona, travel south on Shabbona Road 1.5 miles to Houghtby Road. Continue west on Houghtby Road 0.5 miles 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. Payment shall be in the form of a personal check or cashier’s check.
closing
Closing shall be on or before March 6, 2020. 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 2019 real estate taxes due and payable in 2020 shall be paid by the seller. The 2020 real estate taxes and all subsequent year taxes shall be the responsibility of the buyer.
crops and expensess
The farm is free of leases for the 2020 crop year. The CRP payment shall be prorated between buyer and seller through the date of closing.
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.
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.
disclosure
Some photos in this brochure may be stock photography and are for illustrative purposes only.
Description of Property
Part of the Southeast Quarter of Section 21, Township 38 North – Range 3 East (Shabbona Township), DeKalb County, Illinois.
Method
The farmland will be offered in two tracts, using the high bidder's choice method. Bidding will be on a per acre basis, multiplied by the number of acres as determined by a survey. All successful bidders will enter into a purchase agreement with the seller immediately following the auction. The seller reserves the right to accept or reject any or all bids.
Mineral Rights
The buyer will receive and the seller will convey all mineral rights that the seller owns relating to the property.
Photography
Photographs, as well as video and voice recording, are prohibited at the auction without prior written consent from the auctioneer.

Property Details

location
The subject farm is located approximately 52 miles southwest of Chicago O'Hare International Airport. Nearby cities include: Shabbona (1/4 mile north), DeKalb (10 7/8 miles northeast), and Sandwich (13 miles southeast).
frontage
There is approximately 3/8 mile of road frontage on Houghtby Road.
legal description
A brief legal description indicates The Rood Farm is located in Part of the Southeast Quarter of Section 21, Township 38 North – Range 3 East (Shabbona Township), DeKalb County, Illinois.
total acres
There are a total of 153.322 acres, according to a recent survey.
tillable acres
According to the DeKalb County FSA, there are approximately 149.37 tillable acres, of which 1.2 acres on tract 1 are in CRP (southeast of Indian Creek) and 0.8 acres on tract 2 are in CRP (north waterways). The annual CRP rental rate is $312.90 per acre, through September 30, 2023.
soil types
Major soil types found on this farm are Danabrook silt loam, Elpaso silty clay loam, and Drummer silty clay loam.
topography
The topography of the subject farm is level to rolling.
location climate growing season
DeKalb 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. 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
The buyer will receive and the seller will convey all mineral rights that the seller owns relating to the property.
possession
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 2018 real estate taxes totaled $5,612.86. The tax parcel number is #13-21-400-002.
zoning
The subject farm of zoned A-1, Agricultural District.
major highways
U.S. Route 30 is 1/2 mile north, Interstate 39 is 5 3/4 miles west, and Illinois Route 23 is 7 miles east of the property.

Soils Information

Soil # Soil Name Acres +/- Productivity Index* Weighted Average Corn Yield Index* Gross Bushels
512BDanabrook silt loam28.821371855,332
356AElpaso silty clay loam27.741441955,409
152ADrummer silty clay loam21.561441954,204
60C2La Rose loam16.201101482,398
60D2La Rose loam9.301051421,321
512C2Danabrook silt loam9.011281741,568
330APeotone silty clay loam8.521231641,397
3076AOtter silt loam6.681391861,242
221C2Parr silt loam6.19111148916
171BCatlin silt loam4.49137185831
154AFlanagan silt loam3.32144194644
103AHoughton muck2.29130175401
67AHarpster silty clay loam2.25133182410
206AThorp silt loam1.35126170230
62AHerbert silt loam1.27131179227
221B2Parr silt loam0.2811315142
656C2Octagon silt loam0.1011215115
Total Acres : 153.32 acres, more or less
Tillable Acres : 149.37 acres, or 97.42% per FSA figures
Productivity Index : 131.84
Weighted Average Corn Yield Index : 177.99 bushels per acre, based on tillable acres
Comparable Yield Index : 173.40 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.

*Figures taken from the University of Illinois Bulletin 811, Optimum Crop Productivity Ratings for Illinois Soils.

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