Advantage Land Company

123.6+/- Acres Crop Land in Lincoln Co, MN

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Auction Date: SOLD! $4280/Acre
Auction Location: On Site
Property Location: Lincoln Co, MN
Property Size: 123.6+/- Acres
Owner(s):
Listing Broker: Advantage Land Company, LLC

 

Item Has Ended

This listing has ended with a winning bid of $529008.00.


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Property Details

Thursday, March 30, 2017 at 11:00am

Auction Location: On Site at 1760 260th St Ivanhoe, MN

Land Location: From Ivanhoe: 3 miles west on Hwy 19, 2 miles south on County Road 104, 1/4 mile east on 260 St, land is on the north.

From Hendricks: 3 miles south on Hwy 1/271, 5 miles east on Hwy 19, 2 miles south on County Road 104, 1/4 mile east on 260 St, land is on the north.

Snap Shot: Free & Clear to Farm or Rent for 2017 Crop Season, 103.73 Cropland Acres with Majority Class II Soils, Mature Trees, Potential Home Site/Hobby Farm, An Abundance of Recreational Opportunities.

Legal Description: W1/2 SE1/4 and the E1/2 SW1/4 in Section 7-T111N-R45W of the 5th PM, Ash Lake Twp, Lincoln Co, Minnesota, except that part lying easterly of the following described lines:  Commencing at the SE corner of said Sec 7, Thence N 89 degree 12’ W, 1631.2’ on and along the S line of said Sec 7 to the point of beginning; Thence N 01 degree 49’ E, 851.9’; thence N 41 degree 32’ W, 536.5’; thence N 02degree00’ E, 169.9’; thence N 66degree 19’ E, 338.1’; thence N 39 degrees 53’ E, 441.79’ to a point on the E 1/16 line and there terminating.Also excepting tract bounded on the W 1/16 line, the S section line and the following described lines: Commencing at the SE corner of said Sec 7; thence N 89 degree12’ W, 4056.1’ on and along the S line of said Sec 7 to the point of beginning; Thence N 00degree25’ E, 1455.8’ parallel with and 33’ easterly of the W 1/16 line; thence S 87 degree11’ E, 1292.6’; thence N 00degree25’ E, 871.2’; thence N 86degree47’ W, 1327.1’ to a point on the W 1/16 line and there terminating.

Estimated Taxes:  $4,089.76   Estimated Special Assessments: $174.24

Owner:  Mary Bonde Estate

 

 

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Broker's Comments

Attention Farmers & Investors!

A recreational paradise while maximizing return on investment with a high percentage of cropland is a win win for the farmer and investor who enjoys hunting and the outdoors! Located minutes from Ivanhoe and Hendricks, only 2 miles from Lake Shaokatan, this quaint setting also offers a potential acreage site surrounded by lofty trees in a mature grove.

According to FSA information, there are 103.73 cropland acres mainly made up of Class II, Poinsett-Waubay silty clay loams and Fulda silty clay with a Productivity Index of .809 across the entire farm! Currently enrolled in ARC-CO, this farm offers an estimated 74.74 base acres, having a corn base of 39 acres and a PLC yield of 103bu and a 36 acre soybean base with a 30bu PLC yield. The balance of this property is made up of the acreage site and trees.

The acreage site is nestled back off the road at the end of a long driveway in the middle of the grove. It currently offers well water, electricity, several outbuildings including a 30’x50’ metal pole shed, a 30’x50’ covered hay shed, and a 24’x36’ metal shop/detached garage.

With DNR land around this property, numerous deer travel this land daily. The recreational opportunities this land and the surrounding land offers is unmatched for southwestern Minnesota. Combined with the abundance of trees, cropland, grassland, water, and rolling terrain, this property offers you a strong return on investment and is a unique wildlife mecca! Take Advantage of the quality investment grade recreational farm before you at public auction!

Soil information is provided by Surety Agridata. Cropland & base acres are FSA information.

Closing Terms

TERMS: This is a cash sale. Closing and possession will be on or before April 28, 2017. Upon acceptance of the sale by the seller, a non-refundable earnest money deposit equal to 10% of the sale price due at the conclusion of the auction. A non-refundable earnest money deposit equal to 20% of the sale price due at the conclusion of the auction if the buyer desires possession day of sale on the crop and hay land. If buyer is not immediately available at the conclusion of the auction, the purchase agreement and 10% or 20% non-refundable earnest money deposit must be complete within 24 hours from the close of the auction. Seller will provide an abstract evidencing good & marketable title. Purchaser is responsible for the cost of title insurance, if needed. Closing costs are to be split 50-50 buyer and seller. The 2016 real estate taxes and special assessments due in 2017 will be paid by the seller. All of the 2017 RE taxes and special assessments due and payable in 2018 will be the responsibility of the purchaser. The seller does not warranty or guarantee that existing fences lie on the true boundary, and any new fencing will be the responsibility of the purchaser pursuant to MN statutes. This property is sold without representation or warranty regarding the total number of actual acres included in this sale and is solely based on the public land records of Lincoln County, Minnesota. Any representation made by Seller is in sole reliance of the records filed with the Lincoln County Recorder, Minnesota, and is without representation, guarantee or warranty regarding the actual acres sold. The personal property that will be kept will be removed prior to closing. The dwelling on the property will be removed prior to closing. There is a working well as disclosed; however, any testing of the quality and any other information will be the responsibility of the purchaser. The current septic will be collapsed prior to closing. A survey will not be provided and will be the purchasers responsibility if needed or requested. FSA yields, bases, payments and other information is estimated and not guaranteed and are subject to County Committee Approval. Information contained herein is deemed to be correct but is not guaranteed. Sold subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all Lincoln County MN Zoning Ordinances. The RE licensees in this transaction stipulate that they are acting as agents for the seller. Announcements made day of sale take precedence over any written materials. Said property is sold as is. This sale is subject to a 7% buyer premium. This sale is subject to seller confirmation. Not responsible for accidents.

 

 



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