Harding Real Estate

74.77 Vacant Acres

State Rd. 36

Lake Geneva, WI 53147

Offered by

Randy Erwin, Broker Associate

Natalie Torres, Broker Associate

Harding Real Estate

1710 South Eastwood Dr.

Woodstock, IL. 60098

Randy@RandyErwin.com

www.RandyErwin.com

Office: 815-334-2623

ML:

1517843/09563388 ADDRESS: 74.77 Acres State Rd. 36 CITY: Lake Geneva $: 629,900

ZIP: 53147 OWNER: Owner of Record TAXES: $747.22 YEAR: 2016

Type Farm Corp Limits Zoned Road Frontage

Rural Estate Unincorporated A1 and C2 1300'

Total Acres Acres Tillable Acres Wooded Acres Pasture

74.77 33 30 12

Tax Key: N LY1700002 Stream: None Pond: None

HOUSES

None

OUT BUILDINGS

None

MISC. BUILDINGS

None

ADDITIONAL INFORMATION

SCHOOLS: Lake Geneva

SEWER Septic Required

WATER Well Required

GAS At Property

ELECTRIC At Property

AGENT: Randy Erwin and Natalie Torres AGENT PHONE: 815-334-2623 CC: 2.0%-$150

HOMES COUNTRY ESTATES FARMS COMMERCIAL INDUSTRIAL

TRADES APPRIASALS MANAGEMENT

Directions: Rt. 120 north of Lake Geneva to Rt. 36 the east 1 mile to property on south side.

Vacant Parcel Just Minutes NE of Lake Geneva

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.

1710 S. Eastwood Dr.

Woodstock IL. 60098

815-334-2623

Randy@RandyErwin.com

www.RandyErwin.com

Harding Real Estate is a wholly owned subsidiary of Berkshire Hathaway Home Services

Walworth CountyWisconsin

2/8/2017

map center: 42° 38' 18.81, -88° 23' 38.94

Aerial Map

17-2N-18E

0ft 433ft 866ft

State: WisconsinWalworthCounty:17-2N-18ELocation:

Township: LyonsAcres: 74.77Date: 2/8/2017

Soils data provided by USDA and NRCS.

Soils Map

Area Symbol: WI127, Soil Area Version: 13Code Soil Description Acres Percent of

fieldNon­Irr ClassLegend

Non­Irr Class*c 

Corn Soybeans NCCPIOverall

NCCPICorn

MwD2 Miami loam, 12 to 20 percent slopes, eroded 30.23 40.4% IVe 100 33 65 65

MwC2 Miami loam, 6 to 12 percent slopes, eroded 17.66 23.6% IIIe 110 36 71 71

MyC2 Miami silt loam, 6 to 12 percent slopes, eroded 13.64 18.2% IIIe 110 36 71 71

MyC Miami silt loam, 6 to 12 percent slopes 7.38 9.9% IIIe 115 38 84 84

MxE2 Miami loam, sandy loam substratum, 20 to 35 percent slopes,eroded

2.43 3.2% VIe     14 14

FsB Fox silt loam, 2 to 6 percent slopes 1.80 2.4% IIe 105 35 62 62

MyB Miami silt loam, 2 to 6 percent slopes 1.55 2.1% IIe 120 40 86 86

W Water 0.08 0.1%       0 0

Weighted Average 102.8 33.8 68 68

Area Symbol: WI127, Soil Area Version: 13

*c: Using Capabilities Class Dominant Condition Aggregation Method

Soils data provided by USDA and NRCS.

Walworth CountyWisconsin

2/8/2017

map center: 42° 38' 18.81, -88° 23' 38.94

Topography Map

17-2N-18E

0ft 433ft 866ft

Copyright, Walworth County, WI, Walworth County, Copyright 2010, Walworth County, WI

Walco 2030 Land Plan MapWALWORTH COUNTY, WISCONSIN

Grid NorthGeodetic

North

Ö

0 16 0 32 0 48 0 64 080Fe e t

Wisconsin S tate P lane Coordinate System , South ZoneHorizontal Datum : NAD27

Map Produced on:

Walworth County Information Technology DepartmentLand Information Division18 00 C ou nt y T r un k N NElkh or n, Wis co ns in 53 1 21 -1 00 1DISCLA 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 CO NTAIN ED HE REIN WILL N OT BE ACC EPTED AS AN OFFIC IAL DO CUM EN T.

1 inch = 375 feetAuthor: Randy Er win

2/5/2017

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 #65 007

1999). 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 1999. 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 1999.

(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.