Harding Real Estate Vacant Acres State Rd. 36 Lake Geneva, WI Offered by Randy Erwin, Broker Associate Natalie Torres, Broker Associate

Transcription

1 Harding Real Estate Vacant Acres State Rd. 36 Lake Geneva, WI Offered by Randy Erwin, Broker Associate Natalie Torres, Broker Associate Harding Real Estate 1710 South Eastwood Dr. Woodstock, IL Office:

2 ML: / ADDRESS: Acres State Rd. 36 CITY: Lake Geneva $: 629,900 ZIP: OWNER: Owner of Record TAXES: $ YEAR: 2016 Type Farm Corp Limits Zoned Road Frontage Rural Estate Unincorporated A1 and C2 1300' Total Acres Acres Tillable Acres Wooded Acres Pasture Tax Key: N LY Stream: None Pond: None Directions: Rt. 120 north of Lake Geneva to Rt. 36 the east 1 mile to property on south side. HOUSES None OUT BUILDINGS None MISC. BUILDINGS None ADDITIONAL INFORMATION SCHOOLS: Lake Geneva Vacant Parcel Just Minutes NE of Lake Geneva SEWER Septic Required WATER Well Required GAS At Property ELECTRIC At Property This rolling parcel has 33 acres of A-1 tilled land and 30 acres of woods. Exceptional views from the high points on the property. The woods is enrolled in the Managed Forestry Program and second residence may be possible. AGENT: Randy Erwin and Natalie Torres AGENT PHONE: CC: 2.0%-$150 HOMES COUNTRY ESTATES FARMS COMMERCIAL INDUSTRIAL TRADES APPRIASALS MANAGEMENT 1710 S. Eastwood Dr. Woodstock IL Randy@RandyErwin.com Harding Real Estate is a wholly owned subsidiary of Berkshire Hathaway Home Services

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8 Aerial Map map center: 42 38' 18.81, ' ft 433ft 866ft 17-2N-18E Walworth County Wisconsin 2/8/2017

9 Soils Map State: County: Location: Township: Wisconsin Walworth 17-2N-18E Lyons Acres: Date: 2/8/2017 Soils data provided by USDA and NRCS. Area Symbol: WI127, Soil Area Version: 13 Code Soil Description Acres Percent of field Non Irr Class Legend Non Irr Class *c Corn Soybeans NCCPI Overall NCCPI Corn MwD2 Miami loam, 12 to 20 percent slopes, eroded % IVe MwC2 Miami loam, 6 to 12 percent slopes, eroded % IIIe MyC2 Miami silt loam, 6 to 12 percent slopes, eroded % IIIe MyC Miami silt loam, 6 to 12 percent slopes % IIIe MxE2 Miami loam, sandy loam substratum, 20 to 35 percent slopes, eroded % VIe FsB Fox silt loam, 2 to 6 percent slopes % IIe MyB Miami silt loam, 2 to 6 percent slopes % IIe W Water % 0 0 Weighted Average Area Symbol: WI127, Soil Area Version: 13 *c: Using Capabilities Class Dominant Condition Aggregation Method Soils data provided by USDA and NRCS.

10 Topography Map map center: 42 38' 18.81, ' ft 433ft 866ft 17-2N-18E Walworth County Wisconsin 2/8/2017

11 Walco 2030 Land Plan Map WALWORTH COUNTY, WISCONSIN Grid Geodetic ÖNorth North 1 inch = 375 feet Author: Randy Er win Map Produced on: 2/5/2017 Wisconsin State Plane Coordinate System, South Zone Horizontal Datum : NAD27 CO NTAIN ED HE REIN WILL N OT BE ACC EPTED AS AN OFFIC IAL DO CUM EN T. Copyright, Walworth County, WI, Walworth County, Copyright 2010, Walworth County, WI Fe e t Walworth County Information Technology Department Land Information Division C ou nt y T r un k N N Elkh or n, Wis co ns in DISCLA IM ER : THE IN FOR MA TION PRO VIDE D O N THIS M AP HAS B EEN P RO DUC ED AND P RO CES SED FR OM SO UR CES B ELIEVED TO B E RELIAB LE. N O W ARR ANTY, EXPR ESSED OR IMP LIE D, IS M ADE REG ARD ING ACC UR ACY, AD EQ UAC Y, CO M PLETEN ESS, LE GALITY, R ELIABILITY O R US EFULN ESS O F THIS IN FOR MA TION.TH E INFO RM ATIO N

12 MANAGED FOREST PROGRAM Details in Preparation for Farm Sale 21 acres of the ~75 acres for sale are enrolled in the Managed Forest Land Law (Order # ). The contract is for 25 years, starting 1/1/1999 and expiring 12/31/2023. The current owner has the option to remove the land from the program prior to sale, but that would require payment of all the real estate taxes that have been deferred since There is no current plan to do that. The new owners can/will assume the existing Managed Forest contract. They will have multiple options: (1) Leave it in the Managed Forest program until the contract expires. That will end their obligation under the existing contract with no deferred taxes to pay. Under existing law, they could enroll the 21 acres again for a new contract (2) Remove the 21 acres from the Managed Forest program at any time and pay the taxes that have been deferred since (3) On a one-time basis, carve out one to five acres and remove those acres from the Managed Forest Program, subject to WI DNR guidelines and approval. Deferred real estate taxes would have to be paid on the acre(s) that are removed. The balance of the acreage would remain in the program until 12/31/2023. Current law requires a MINIMUM of 20 acres to enroll in the Managed Forest program, so if more than 1 acre is carved out, the remaining land would NOT be eligible to enroll again under existing guidelines. UNLESS, some of the prior pasture land would now qualify for wooded acres because of new tree growth. Any land removed from the Managed Forest Law program would still be subject to Lyons Township and Walworth County guidelines for any planned development.