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Malta Road
Malta, IL 60150
The Romanski Farm Auction · Land For Sale
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159.03 AC
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 159.03 AC |
| Property Subtype | Agricultural |
| Property Type | Land |
| Property Subtype | Agricultural |
| Total Lot Size | 159.03 AC |
DESCRIPTION
Location: The subject farm is located approximately 49 miles west of Chicago O'Hare International Airport. Nearby cities include: DeKalb (4 miles southeast), Rochelle (6 1/4 miles southwest), and Rockford (17 miles northwest). Frontage: There is approximately 1/4 mile of road frontage on Malta Road and approximately 5/8 mile on Rich Road. Major Highways: Illinois Route 64 is 1 1/2 miles north, Illinois Route 38 is 2 1/2 miles south, Interstate 88 is 5 miles south, and Interstate 39/U.S. 51 is 7 3/8 miles west of the property. Legal Description: A brief legal description indicates The Romanski Farm is located in Part of the Northwest Quarter of Section 2 and Part of the Northeast Quarter of Section 3, all in Township 40 North – Range 3 East (Malta Township), DeKalb County, Illinois. Total Acres: There are a total of approximately 159.03 acres, estimated. Tract 1 is approximately 77.75 acres and Tract 2 is approximately 81.28 acres. Tillable Acres: There are approximately 156.5 tillable acres, estimated. There are approximately 75 tillable acres on Tract 1 and 81.5 tillable acres on Tract 2. Soil Types: Major soil types on this farm include: Danabrook silt loam, Flanagan silt loam, Elpaso silty clay loam, and Catlin silt loam. Topography: The topography of the subject farm is level to gently rolling. 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. Financing: Mortgage financing is available from several sources. Names and addresses will be provided upon request. Taxes: The 2022 real estate taxes for Tract 1 (PIN #07-03-200-003) are to be determined pending a parcel split of the approximately 5.25 acre building site (not included in the sale). The 2022 real estate taxes for Tract 2 (PIN #07-02-100-001) totaled $4,734.18. Grain Markets; There are a number of grain markets located within 15 miles of The Romanski Farm. Zoning; The property is zoned A-1, Agricultural. Comments: The current farmland lease is for 156.1 tillable acres and ends March 1, 2024. The farm will be free of leases for the 2024 crop year.
