DRAKE TRUST FARM: 226.67 taxed acres
PRICE: $2,822,042 based on $12,450 per acre
LOCATION: 3.5 miles south of Shabbona, IL on Shabbona Road to North Sleepy Hollow Road, then east 1/2 mile to farm on south side of North Sleepy Hollow Road east of railroad.
DESCRIPTION: The SE 1/4 of Sec 3 and the N 1/2 of NE 1/4 Sec 10, all in T37N R3E, Paw Paw Township, DeKalb County, IL. Excluding building site at NE corner.
DEKALB COUNTY: PIN Taxed Ac Taxes
16-13-400-007 109.25 $3446.86
16-03-400-002 39.00 $1375.74
16-10-200-001 58.82 $2026.80
16-10-200-002 19.60 $897.98
Total: 226.67 $7747.38
REAL ESTATE TAXES: 2022 real estate taxes payable 2023 total of $7747.38. Equal to $34.18 per acre.
SOILS: Predominate soils are Wingate and Otter silt loams, with Drummer silty clay loam, Octagon silt loam, Flanagan silt loam and others. SOIL PI = 124.1.
FARM LEASE: Seller retains 2023 lease income and will pay 2023 taxes. Free of lease for 2024 crop year.
CROPLAND: FSA reports 216.22 acres of cropland, including 12.90 acres of CRP. Current annual CRP payments of $4,420.00. FSA Farm #8294, Tracts 1293 and 9699.
CRP ACREAGE: CRP 11062A, 1.0 ac, $260 annually, expires 9/30/2024
CRP 11203A & 11207A, 8.70 ac, $3,024 annually, expires 9/30/2025
CRP 11301A & 11302A, 3.20 ac, $1,136 annually, expires 9/30/2026
All information deemed to be accurate and from reliable sources, but not guaranteed.
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