58.37 Acres - 100% Tillable
Description: Productive Farmland With 3.4% Return At The Asking Price
Legal Description:58.37 acres more or less being part of the W of the NE of Sec. 30, T1S R8E of the 3rd P.M., Wayne County, Illinois (Parcel Number: 12-30-037-013-00)
Location: North of Fairfield, IL on County Road 1850 1.5 miles. The property is on the East side of the road.
Lot Size: 58.37 acres
Price:$261,206 ($4475/ac)
Tillable:Approximately 59 acres tillable currently in row crop production.
Farm Program & Bases:The property has a Weighted Crop Productivity Index of 96.5
Minerals:Sellers retain no mineral rights; however, subject to any prior reservations.
Possession:At closing subject to the 2016 farm tenancy agreement.
Rent Agreement:2016 Farm Tenancy Agreement - Seller receives $8,850 ($150/ac X $59 acres)
Soil Type:Bluford, Passport, Ava, and Zanesville (The
Improvements:The property is impro...
Improvements:The property is improved with one older pole style farm building.
Annual Property Taxes:2014 Real Estate Taxes - $104.40
Evaluation:This is an very unique opportunity to purchase an affordable tract of farmland that is 100% tillable income producing. At the current rental rate and asking price this property has a 3.4% rate of return which is very good in the current farming environment.
OTHER:All tillable tracts of land at a reasonable price are very difficult to purchase. Do not miss this opportunity.
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Search for detailed parcel information including; Elevation & Vegetation Maps, Ownership Information, Detailed Parcel Information, Crop History Map, Soil Survey Productivity Data, and more.
Research Parcel InformationDirections
North of Fairfield, IL 1.5 miles on County Rd. 1850E
Approx. 40 miles northeast of Mt. Vernon, IL
Approx. 50 miles south of Effingham, IL
