Crop Land Near Ivanhoe, MN Land Auction - 299.75 Acres

Acres299.75+/-
Price
Taxes$8,318
Begins Closing:

From Ivanhoe: Get onto MN Hwy 19 and head east for 3 miles, turn right onto Co Rd 7 (240th Ave) and continue south for 1.5 miles, and the property will be on the west side of the road.

From Arco: Get onto Co Rd 7 (paved road) and head north for 3.25 miles and the property will be on the west side of the road.

Located between Arco and Ivanhoe, MN, we present 299.52+/- acres of hard-hitting crop land with drain tile running throughout! This property provides unique opportunity as it is all contiguous and is easily accessed from Co Rd 126, 230th Ave, and the paved Co Rd 7. Split into four tracts, this property is ideal for a wide array of buyers expanding or starting from scratch. The farm site offers several old outbuildings, a shop/shed, a 26.2+/- acre pasture with quality water sources, 5+/- acres of crop land and a quiet country setting perfect with a view all to yourself. Comprised of majority Class II soils and a crop land overall soil productivity index of 90.8% with 0-6% slopes, this property is equipped to handle modern-day equipment and modern-day yields. With established tree belts acting as a windbreak, snow fence, and a wildlife corridor makes for an additional value-added amenity. According to FSA, there are 258.5+/- cropland acres with 89.2 wheat base acres with a 43 bu PLC and 166.1 corn base acres with a 138 bu PLC. Drain tile was installed anywhere from 1990 to 2005 which includes 10” 8” 6” & 5” tile. In the event there are different buyers between Tract 2, 3, and 4, an access easement (for tract 3 over tract 4) and drain tile easement (Tract 2 & 4 over Tract 3) will be put in place at the time of closing to ensure future access, outlets, and maintenance. If you are looking for an income producing property that is ready to start working for you, take Advantage and we will see you on auction day!

Tract 1        Acres: 31.26+/-              Taxes: $844
Legal:
ALL THAT PART OF SE 1/4 SE 1/4 WHICH LIES E OF W LINE OF FORMER RR R/W of Section 12-111N-R45W Ash Lake TWP Lincoln Co MN

·         25.53+/- Acres of Crop Land

·         3.92+/- Acres of Wooded Waterway – Beautiful Setting

·         15.5 Base Corn Acres with 138 bu PLC

·         9.58 Base Wheat Acres with 43 bu PLC

·         Majority Class II Soils with 0-6% Slopes PI of 89.8%

Tract 2           Estimated Acres: 112.91+/-            Estimated Taxes: $3,048.57
Legal:
SW 1/4, LOTS 3 & 4 Section 7-T111N-R44W Lake Stay TWP Lake Stay TWP Lincoln Co MN

·         108.85+/- Acres of Crop Land with Tree belt of 0.89+/- Acres

·         71.2 Base Corn Acres with 138 bu PLC

·         34.52 Base Wheat Acres with 43 bu PLC

·         PI of 89% Majority Class II Soils with 0-6% Slopes

Tract 3        Estimated Acres: 39.57+/-             Estimated Taxes: $1,281.01
Legal:
E 1/2 SW 1/4 EXC 40.8 AC IN GVT LOT 3 Section 7-T111N-R44W Lake Stay TWP Lincoln Co MN

·         Un-Inhabitable House

o   Well has Been Sealed

o   Septic System has Been Filled

o   Cistern has Been Sealed

·         Rural Water w/ fully paid assessment - Has a meter in house with the shutoff outside

·         26.2+/- Acres of Pasture & 2 Dugouts

·         5+/- Acres of Cropland

·         Older Outbuildings include: A barn, 2 wooden grain bins, detached garage

·         3 Steel Grain Bins 

o   2 that are 4k Bushel

o   1 that is 5k Bushel with a Full Floor and Fan.

·         Main Shop is 18’x32’ with 13’ high side walls.

 

Tract 4        Estimated Acres: 116.46+/-         Estimated Taxes: $3,144.42
Legal:
NE 1/4 SW 1/4 SOLD TO STATE DESC IN BK 80 DEEDS PG 196 of Section 7-T111N-R44W Lake Stay TWP Lincoln Co MN

·         109.18+/- Acres of Crop Land

·         72.81 Base Corn Acres with 138 bu PLC

·         41.36 Base Wheat Acres with 43 bu PLC

·         Majority Class II & I Soils with 0-6% Slopes PI of 91.6%

Owners: Ronald Renken & Jean Renken, Terry & Norma Renken, Dennis & Carol Renken, Michael & Mary Borman, Kathy Renken, Clarissa Renken, & Lucille Lund Trust ½ Interest

Closing and possession will be on or before December 10th, 2020 as this land is free and clear for the 2021 farming season as this property is leased until December 31st, 2020. Possession of the farm site (Tract 3) will be given January 1st, 2021. In the event there are different buyers between Tract 2, 3, and 4 there will be an access easement (for tract 3 over tract 4) and drain tile easement (Tract 2 & 4 over Tract 3) put in place at the time of closing to ensure future access, outlets, and maintenance. 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. If buyer is not immediately available at the conclusion of the auction, the purchase agreement and non-refundable earnest money deposit must be complete within 24 hours from the close of the auction. The balance will be due at closing. Merchantable title will be conveyed, and title insurance cost will be divided 50-50 between the buyer and seller. Closing costs are to be split 50-50 between buyer and seller. The 2019 RE taxes due and payable in 2020 will be paid by the seller. The 2020 taxes payable in 2021 will be paid by the seller as a credit at closing based on most current tax information. 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. 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 Zoning Ordinances. A survey will not be provided for Tract 1 and will be the purchaser’s responsibility if needed or requested, but a survey/plat will be conducted for the farm site (Tract 3) in the event there are different buyers on the crop land (Tracts 2 & 4), the cost will be split equally between buyers and sellers. The buyer on Tract 3 (farm site) will be responsible for updating the septic system if they intend to live on the site. 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 is a cash sale. Subject to a 5% Buyer’s Premium. This sale is subject to seller confirmation. Not responsible for accidents.