The property will be sold per gross acres. The Seller shall provide a clear title to the Real Estate subject to any and all easements recorded at time of sale. The successful bidder will be required to enter into Seller's sales contract on day of sale and deposit $50,000 earnest money to be held by Seller's Attorney in an escrow account and will be applied to the purchase price. The Seller will retain 100% of the 2018 farm income. Buyer will receive a credit at closing for the 2018 taxes due in 2019. The Seller will retain the 1st Half (April) 2019 farm rent income. The Buyer will receive the balance of the 2019 farm rent income paid after Nov 1st. The farm lease will be open for the 2020 crop year. Seller reserves the right to accept or reject bids. Closing on or before July 19, 2019.

LAND AUCTION
75 ACRES - SECTION 28 - NA-AU-SAY TOWNSHIP - KENDALL COUNTY
Wednesday, June 19, 2019 at 6:00 p.m.

Auction Location: Whitetail Ridge Golf Club, 7671 Clubhouse Dr, Yorkville, IL 60560
Auction Directions: 4.5 mi SE of IL-47/IL-126 intersection on IL-126.

Farm Location: Located 2½ mi West of Caton Farm/Ridge Rd intersection (Plainfield South High School) on Caton Farm Rd. Or, 6¼ mi West of Caton Farm/IL-59 intersection. Address of house located on the SW corner adjacent to farm is 3445 Caton Farm Rd, Minooka, IL 60447.

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One Tract - All Tillable

Owner: Weiss Agricultural Partnership

Legal Description: W 1/2 of the SE 1/4 of Section 28.

Soil Data (provided by Agridata):
40.87 Acres - Martinton Silt Loam (Corn 173, Soybeans 57, Wheat 70, Overall PI 130)
22.78 Acres - Drummer Silty Clay Loam (Corn 195, Soybeans 63, Wheat 73, Overall PI 144)
7.57 Acres - Milford Silty Clay Loam (Corn 171, Soybeans 57, Wheat 68, Overall PI 128)
3.78 Acres - Mundelein Silt Loam (Corn 188, Soybeans 60, Wheat 74, Overall PI 138)

Overall Crop Productivity Index: 134.4
(Corn 180.2, Soybeans 58.9, Wheat 70.9)

2017 Taxes (2018 not available)
TWO tax IDs for the property:
PIN: 06-28-400-005
61.42 Acres
Oswego School District 308
Taxes $2,140.74 ($34.85/ac)

PIN: 06-28-400-006
13.58 Acres
Oswego School District 308
Joliet City Limits
Taxes $639.66 ($47.10/ac)

Download the following Information:
Aerial Map - Soil Map - Topography Map - Tax Map - Tax Info - FSA Info

 

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Auction Terms: The property will be sold per gross acres. The Seller shall provide a clear title to the Real Estate subject to any and all easements recorded at time of sale. The successful bidder will be required to enter into Seller’s sales contract on day of sale and deposit $50,000 earnest money to be held by Seller’s Attorney in an escrow account and will be applied to the purchase price. The Seller will retain 100% of the 2018 farm income. Buyer will receive a credit at closing for the 2018 taxes due in 2019. The Seller will retain the 1st Half (April) 2019 farm rent income. The Buyer will receive the balance of the 2019 farm rent income paid after Nov 1st. The farm lease will be open for the 2020 crop year. Seller reserves the right to accept or reject bids. Closing on or before July 19, 2019.

Owner: Weiss Agricultural Partnership

Seller’s Attorney: Craig Hasenbalg
Ottosen - Britz
1804 N Naper Blvd
Suite #350
Naperville, IL 60563
chasenbalg@ottosenbritz.com

Auction conducted by Richard A. Olson & Associates, Inc.

Auctioneers:

Dick Olson - IL License #440.000585
Erik Olson - IL License #441.001909

531 Bedford Rd, Morris, IL 60450
(815) 942-4266

www.richardaolson.com