56-acre land auction
56-ACRE L AND AUCTION
Thursday, July 28, 2011 at 10 AM Davis Junction Fire Department 106 S. Maple St. Davis Junction, IL 61020
2020 Aberdeen Court Sycamore, IL 60178
We Plant Profitable Investment Ideas In Every Season
Web: www.mgw.us.com E-mail: [email protected]
Phone: (815) 756-3606 Fax: (815) 756-5929
Thursday, July 28, 2011 at 10 AM Held at Held Davis Junction Fire Department 106 S. Maple St. Davis Junction, IL 61020
S u b je c
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Location The subject farm is located approximately 75 miles west of Chicago and O’Hare International Airport. Nearby towns include: Rockford (5 miles north), Rochelle (10 miles south), and Huntley (30 miles east).
Road Frontage
D IRECTIONS
There is approximately 3/8 mile of road frontage on State Highway 72 . The farm is contiguous to the village of Davis Junction.
To the Auction: The auction site is located just off IL-72 in Davis Junction. From Interstate 39, head west on IL-72 for 3.9 miles, then south onto South Maple Street. The fire department is on the corner.
Auction Tract 1
Total Acres
Tillable Acres
56.27
52.2
To the Farm: The farm is located just east of Davis Junction and south of Rockford, IL. From Interstate 39, head west on IL72 for 2.5 miles. The farm is on the north side of the road, just east of IL-251.
Tract and Acreage Table The property is approximately 93% tillable. The subject farm has excellent road access and its topography is level.
Real Estate • Auctions • Farm & Property Management • Appraisals We Plant Profitable Investment Ideas In Every Season
Auction Terms & Conditions Description of Property: Located in part of the South Half of the Northwest Quarter of Section 24 in Township 42 North, Range 1 East of the Third Principal Meridian (Scott Township) in Ogle County, Illinois, consisting of 56.27 acres more or less.
THE GILL FARM OGLE COUNTY, ILLINOIS P LEASE
Agency: Martin, Goodrich & Waddell, Inc. and its representatives are agents of the owner. Buyer agents seeking cooperation shall register their buyers in writing with Martin, Goodrich & Waddell, Inc. 10 days prior to the auction.
CALL TO SCHEDULE AN INSPECTION
Method: The property will be offered as one tract. Bidding will be on a per acre basis, multiplied by the number of acres as determined by 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. 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 & Possession: Closing shall be on or before August 29, 2011. Possession is subject to the rights of any tenants in possession. Real Estate Taxes: The 2011 real estate taxes, drainage assessment taxes, and special assessments due and payable in 2012 shall be shared equally between seller and buyer. The 2010 real estate taxes were $560.40. The 2012 real estate taxes, drainage assessment taxes, and special assessments due and all subsequent year taxes shall be the responsibility of the buyer. Crops & Expenses: The 2011 crop year cash rent shall be shared equally between seller and buyer. Buyer shall receive the landlord share (or cash rent) for the 2012 crop year.
S OILS M AP
Government Agricultural Program Payments: Buyer accepts title subject to the farm’s existing participation in the following government agricultural programs: NONE. 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 surveyed acres. Mineral Rights: The buyer will receive and the seller will convey all mineral rights that the seller owns relating to the property.
Soils #
Soil Name
Approx. Acres
Corn Yield
Gross Bushel
125A
Selma Loam
24.2
176
4,259
622B
Wyanet Silt Loam
13.4
159
2,131
490A
Odell Silt Loam
6.8
176
1,197
440B
Jasper Loam
4.6
173
796
102A
La Hogue Loam
3.0
162
486
87C
Dickinson Sandy Loam
0.2
138
28
Disclaimer & Absence of Warranties: 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, 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. Owner: Nordic Investment Corporation
MARTIN, GOODRICH & WADDELL, INC. 2020 Aberdeen Court Sycamore, IL 60178 Web: www.mgw.us.com Phone: (815) 756-3606
E-mail: [email protected] Fax: (815) 756-5929
Mark T. Mommsen Auctioneer
Jeff Waddell President
Thursday, July 28, 2011 at 10 AM Davis Junction Fire Department 106 S. Maple St. Davis Junction, IL 61020
2020 Aberdeen Court Sycamore, IL 60178
We Plant Profitable Investment Ideas In Every Season
Web: www.mgw.us.com E-mail: [email protected]
Phone: (815) 756-3606 Fax: (815) 756-5929
Thursday, July 28, 2011 at 10 AM Held at Held Davis Junction Fire Department 106 S. Maple St. Davis Junction, IL 61020
S u b je c
t
Location The subject farm is located approximately 75 miles west of Chicago and O’Hare International Airport. Nearby towns include: Rockford (5 miles north), Rochelle (10 miles south), and Huntley (30 miles east).
Road Frontage
D IRECTIONS
There is approximately 3/8 mile of road frontage on State Highway 72 . The farm is contiguous to the village of Davis Junction.
To the Auction: The auction site is located just off IL-72 in Davis Junction. From Interstate 39, head west on IL-72 for 3.9 miles, then south onto South Maple Street. The fire department is on the corner.
Auction Tract 1
Total Acres
Tillable Acres
56.27
52.2
To the Farm: The farm is located just east of Davis Junction and south of Rockford, IL. From Interstate 39, head west on IL72 for 2.5 miles. The farm is on the north side of the road, just east of IL-251.
Tract and Acreage Table The property is approximately 93% tillable. The subject farm has excellent road access and its topography is level.
Real Estate • Auctions • Farm & Property Management • Appraisals We Plant Profitable Investment Ideas In Every Season
Auction Terms & Conditions Description of Property: Located in part of the South Half of the Northwest Quarter of Section 24 in Township 42 North, Range 1 East of the Third Principal Meridian (Scott Township) in Ogle County, Illinois, consisting of 56.27 acres more or less.
THE GILL FARM OGLE COUNTY, ILLINOIS P LEASE
Agency: Martin, Goodrich & Waddell, Inc. and its representatives are agents of the owner. Buyer agents seeking cooperation shall register their buyers in writing with Martin, Goodrich & Waddell, Inc. 10 days prior to the auction.
CALL TO SCHEDULE AN INSPECTION
Method: The property will be offered as one tract. Bidding will be on a per acre basis, multiplied by the number of acres as determined by 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. 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 & Possession: Closing shall be on or before August 29, 2011. Possession is subject to the rights of any tenants in possession. Real Estate Taxes: The 2011 real estate taxes, drainage assessment taxes, and special assessments due and payable in 2012 shall be shared equally between seller and buyer. The 2010 real estate taxes were $560.40. The 2012 real estate taxes, drainage assessment taxes, and special assessments due and all subsequent year taxes shall be the responsibility of the buyer. Crops & Expenses: The 2011 crop year cash rent shall be shared equally between seller and buyer. Buyer shall receive the landlord share (or cash rent) for the 2012 crop year.
S OILS M AP
Government Agricultural Program Payments: Buyer accepts title subject to the farm’s existing participation in the following government agricultural programs: NONE. 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 surveyed acres. Mineral Rights: The buyer will receive and the seller will convey all mineral rights that the seller owns relating to the property.
Soils #
Soil Name
Approx. Acres
Corn Yield
Gross Bushel
125A
Selma Loam
24.2
176
4,259
622B
Wyanet Silt Loam
13.4
159
2,131
490A
Odell Silt Loam
6.8
176
1,197
440B
Jasper Loam
4.6
173
796
102A
La Hogue Loam
3.0
162
486
87C
Dickinson Sandy Loam
0.2
138
28
Disclaimer & Absence of Warranties: 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, 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. Owner: Nordic Investment Corporation
MARTIN, GOODRICH & WADDELL, INC. 2020 Aberdeen Court Sycamore, IL 60178 Web: www.mgw.us.com Phone: (815) 756-3606
E-mail: [email protected] Fax: (815) 756-5929
Mark T. Mommsen Auctioneer
Jeff Waddell President
