The Freeland Road Farm

Description

Location The subject farm is located approximately 40 miles west of Chicago and O'Hare International Airport. Nearby towns include Elburn, 2 miles to the southeast, Lily Lake, 3 miles northeast, and DeKalb, 13 miles west.

Frontage There is approximately 1ቨ mile of road frontage on Freeland Road.

Major Highways County Highway 23 is 1ǘ mile north, Illinois Route 38 is 1 mile south, Illinois Route 47 is 2 miles east, and Interstate 88 is 6 miles south of the property.

Legal Description A brief legal description indicates the Freeland Road Farm is located in Part of the Southwest Quarter of Section 25, (T.40N.-R6E.), Virgil Township, Kane County, Illinois.

Total Acres There are a total of 14.7 acres, more or less, according to the Kane County Assessor's Office.

Tillable Acres There are 13.3 tillable acres according to the Kane County FSA Office.

Soil Types Major soil types found on this farm include Thorp silt loam, Drummer silty clay loam, Peotone silty clay loam, and Brenton silt loam.

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

Climate/Growing Season Kane County has a continental climate typical of northern Illinois. The average length of the growing season is nearly 142 days. On average we expect about 2854 growing degree days from April 15 through September 30. Annual precipitation averages about 34 inches with over two thirds of this coming during the growing season. Snowfall averages about 32 inches per year. Prevailing winds are from the west. This climate, combined with the generally excellent soils in this area, provide 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.

Price and Terms The asking price is $13,500 per acre. The owners are seeking a cash sale. A 10% earnest money deposit should accompany any offer to purchase.

Financing Mortgage financing is available from several sources including 1st Farm Credit and local banks. Additional names and addresses will be provided upon request.

Taxes The 2010 Real Estate Taxes totaled $268.24. The tax parcel number is 07-25-300-010.

Grain Markets There are a number of grain markets located within 10 miles of the Freeland Road Farm.

Zoning The farm is zoned Agricultural.