The Ross Estate Farm

Price: Auction
County: LaSalle

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

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The auction will be held at Ottawa American Legion, 901 LaSalle Street, Ottawa, IL 61350.
Auction Date
Nov 13, 2018 - 1:00 PM
Inspection Location
Please call to schedule an inspection.
Directions to Auction
The American Legion is located in downtown Ottawa at the intersection of LaSalle Street (IL-23) and Jackson Street.
Directions to Farm
From the intersection of Illinois Route 23 and Illinois Route 71 in Ottawa, travel west on Illinois Route 71 for 2.9 miles. Turn south on N 2401st Road for 3.6 miles to arrive at the farm.

Auction Terms & Conditions

owner
Thomas Ross Trust
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 December 18, 2018. 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 2018 real estate taxes due and payable in 2019 shall be paid by the seller. The 2019 real estate taxes and all subsequent year taxes shall be the responsibility of the buyer.
crops and expensess
The 2018 crop year income shall be retained by the seller.
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 six (6) 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.
Photography
Photographs, as well as video and voice recording, are prohibited at the auction without prior written consent from the auctioneer.
Mineral Rights
The buyer will receive and the seller will convey all mineral rights that the seller owns relating to the property.
Method
The farm will be offered as one tract. Bidding will be on a per acre basis, multiplied by the number of acres as determined by a survey. The successful bidder 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.
Description of Property
Part of the Northeast Quarter of Section 6, Township 32 North – Range 3 East (Farm Ridge Township), LaSalle County, Illinois, consisting of 80.45 acres, more or less.

Property Details

location
The subject farm is located approximately 70 miles southwest of Chicago O'Hare International Airport. Nearby cities include: Ottawa (4 miles northeast), LaSalle (7 miles northwest), and Streator (9 miles southeast).
frontage
There is approximately 3/16 mile of road frontage on N 2401st Road.
major highways
Illinois Route 71 is 2 1/4 miles north, Illinois Route 23 is 4 1/4 miles east, Illinois Route 178 is 4 1/2 miles west, U.S. Route 6 is 5 miles north, and Interstate 80 is 6 miles north of the property.
legal description
A brief legal description indicates The Ross Estate Farm is located in Part of the Northeast Quarter of Section 6, Township 32 North – Range 3 East (Farm Ridge Township), LaSalle County, Illinois.
total acres
There are a total of 80.45 acres according to a survey.
tillable acres
There are approximately 75.50 tillable acres according to the LaSalle County FSA.
soil types
Major soil types on this farm included Flanagan-Catlin silt loams and Flanagan silt loam.
topography
The topography of the subject farm is level to nearly level.
location climate growing season
LaSalle County has a continental climate typical of northern Illinois. The average length of the growing season is nearly 175 days. On average we expect about 2,750 growing degree days from April 24 through October 17. Annual precipitation averages about 33 inches with over half of this coming during the growing season. Snowfall averages about 25 to 27 inches per year. Prevailing winds are from the west-northwest. 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.
financing
Mortgage financing is available from several sources. Names and addresses will be provided upon request.
taxes
The 2017 real estate taxes totaled $3,713.54. The tax parcel number is #27-06-205-000.
grain markets
There are a number of grain markets located within 15 miles of The Ross Estate Farm.
zoning
The Ross Estate Farm is zoned A-1, Agriculture.
improvements
Property includes an outbuilding.

Soils Information

Soil # Soil Name Acres +/- Productivity Index* Weighted Average Corn Yield Index* Gross Bushels
818AFlanagan-Catlin silt loams26.391421915,040
154AFlanagan silt loam19.731441943,828
171BCatlin silt loam11.521371852,131
356AElpaso silty clay loam8.781441951,712
152ADrummer silty clay loam3.94144195768
293AAndres silt loam3.83135184705
171C2Catlin silt loam1.31128174228
Total Acres : 80.45 acres, more or less
Tillable Acres : 75.50 acres, or 93.85% per FSA figures
Productivity Index : 141.50
Weighted Average Corn Yield Index : 190.89 bushels per acre, based on tillable acres
Comparable Yield Index : 179.15 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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