W PINES Rd
Oregon, IL 61061
The Coine Farm · Land For Sale · 256.62 AC

Location: The subject property is located approximately 78 miles west of Chicago O'Hare International Airport. Nearby cities include: Mt. Morris (3 11/16 miles north), Oregon (4 7/8 miles northeast), Polo (6 miles west), and Dixon (6 1/4 miles southwest). Frontage: Tract 1 has 3/16 mile of road frontage on W Pines Road and S Columbian Road, Tract 2 has 1/4 mile of road frontage on S Columbian Road, and Tract 3 has 7/16 mile of road frontage on S Columbian Road. Major Highways: Illinois Route 2 is located 2 5/8 miles east, Illinois Route 64 is 4 miles northeast, and U.S. Route 52 is 6 5/8 miles west of the property. Legal Description: A brief legal description indicates The Coine Farm is located in Part of the Northwest Quarter and Southeast Quarter of Section 15 and Part of the Northeast Quarter of Section 22, all in Township 23 North – Range 9 East (Pine Creek Township), Ogle County, Illinois. Total Acres: There are approximately 256.62 acres more or less, according to the Ogle County Assessor’s Office. Tillable Acres: The Coine Farm has a total of approximately 147.92 tillable acres, according to the Ogle County FSA. Tract 1 has approximately 32.52 tillable acres, estimated. Tract 2 has approximately 13.71 tillable acres, estimated, of which 2.4 acres are currently enrolled in CRP, receiving an annual payment of $815 through September 30, 2029. Tract 3 has approximately 101.69 tillable acres according to the Ogle County FSA, of which 62.99 are currently enrolled into three CRP contracts with current annual payments totaling $8,747 (expiring 2019, 2023, 2028). There are an additional 3.23 acres enrolled in CRP that are planted to pine trees, receiving an annual payment of $389 through September 30, 2019. Soil Types: Major soil types found on this farm include Lawson silt loam, Whalan loam, and Fayette silt loam. A soil breakdown by tract can be found in the brochure. Topography: The topography of the subject property is level to very 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 total 2016 real estate taxes for the entire Coine Farm totaled $1,922.82. Tract 1 & 2 combined 2016 real estate taxes totaled $524.96; tax per tract to be determined pending a parcel split of PIN#15-15-100-007, should Tracts 1 and 2 sell separately. Tract 3 2016 real estate taxes totaled $1,397.86 (PINs: #15-15-400-003, #15-15-400-004, and #15-22-200-002). Non-Tillable Acreage Pine Creek, located on the Coine Farm and within the White Pines State Park, is stocked by the Illinois Department of Natural Resources (IDNR) with trout for the catch and release spring season and the regular spring trout season, along with the fall catch and release season and regular trout seasons. The Coine Farm has been well managed under forestry plans to grow high quality timber. The property contains many large diameter oak trees and good quality pole sized (4”-12” diameter) and small sawtimber (14”-20” diameter) black walnut, shagbark hickory, black cherry, red oak and white oak trees. There are also a number of white and red pine trees under management on the farm. A copy of the currently proposed Illinois Forest Management Plan is available for review.