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Bingham Rd
Compton, IL 61318

The Lee County Farms Auction · Land For Sale · 318.95 AC

PROPERTY FACTS

Property Type Land
Property Subtype Agricultural
Total Lot Size 318.95 AC

Description

Location: The subject farm is located approximately 60 miles southwest of Chicago O’Hare International Airport. Nearby towns include: Paw Paw (3 5/8 miles southeast), Shabbona (6 3/8 miles east), Rochelle (10 miles north), and Amboy (13 miles west). Frontage: There is approximately 1/2 mile of road frontage on Fisk Road, 1/2 mile on Bingham Road, 1/4 mile on German Road and 1/4 mile on Interstate 39/U.S. Route 51. Legal Description: A brief legal description indicates The Lee County Farms are located in Part of the East Half of Section 25, Township 38 North - Range 1 East (Viola Township) and Part of the West Half of Section 30 and Part of the Northwest Quarter of Section 28, Township 38 North - Range 2 East (Willow Creek Township), Lee County, Illinois. Total Acres: There are a total of 318.95 acres, more or less, according to the Lee County Assessor. Tillable Acres: There are approximately 311.09 tillable acres, estimated. Soil Types: Major soil types found on these farms include: Wyanet silt loam, Elpaso silty clay loam, Catlin silt loam, and Saybrook silt loam. Topography: The topography of the subject farms is level to gently rolling. Location Climate Growing Season: Lee County has a continental climate typical of northern Illinois. The average length of the growing season is nearly 173 days. On average we expect about 2,750 growing degree days from April 23 through October 15. Annual precipitation averages about 35" with over two thirds of this coming during the growing season. Snowfall averages about 35" per year. Prevailing winds are from the west-northwest. Mineral Rights: The buyer will receive and the seller will convey all mineral rights that the seller owns relating to the property. Possession: Closing shall be on or before April 9th, 2021. 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. Financing: Mortgage financing is available from several sources. Names and addresses will be provided upon request. Taxes: The 2019 real estate taxes for the farmland (wind turbines excluded) totaled $11,609.32. The tax parcel numbers are #20-11-25-200-011, #20-11-25-200-012, #20-11-25-200-013, #21-12-28-100-002, #21-12-30-300-007, #21-12-30-300-008. Grain Markets: There are a number of grain markets located within 10 miles of The Lee County Farms.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 20-11-25-200-013
  • 21-12-30-300-007
  • 21-12-30-300-008
Land Assessment
$65,160
Improvements Assessment
$1,145,238
Total Assessment
$1,210,399
  • Listing ID: 22216529

  • Date on Market: 2021-02-11

  • Last Updated:

  • Address: Bingham Rd, Compton, IL 61318

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