Details

Sale Pending

Selling Price: $10,400 / Acre

Sale Date: Monday, November 8, 2021 10:00 AM

Sale Location: Lakefield American Legion at 413 Main Street Lakefield, Minnesota.

Bid Online

Bid Form

Documents and Maps

Key Features

LIVE & ON-LINE 161.93+/- ACRES HERON LAKE TOWNSHIP JACKSON COUNTY, MN.

Description

161.93+/- Acres of Prime Southern Minnesota Farmland.

Location

From the junction of Highway #86 & Jackson County #14 in Lakefield, Minnesota 6 miles north on Highway #86 to County Road #78 (880th Street) then 1-1/2 miles west on #78. Watch for auction signs on farm.

Legal Description

Fractional NW1/4 except 5.94+/- acres & East 393.99’ of the Fractional NW1/4, Section 6, Township 103, Range 36 Jackson County, Minnesota.

 

FSA Information

See information booklet.

Soils

See information booklet.

Surety/Agridata Avg

See information booklet.

Tile

See information booklet.

Improvements

No building improvments.

Real Estate Taxes

See information booklet.

Method of Sale

Live & Online Public Auction.

Method of Bidding

Live & Online Public Auction.

Possession

See information booklet.

Terms

The Buyer or Buyers shall enter into a purchase agreement and make a 20% Non-Refundable down-payment the day of the auction. The farm is being sold subject to a cropland lease for 2021 with the Seller’s retaining all 2021 cropland lease payments. The closing shall be held on December 8, 2021 with the balance being due and payable in full at closing. The sale will NOT be contingent upon any buyer financing. The buyer is responsible for all real estate taxes that are due and payable in 2022 and thereafter. Property is being sold “AS IS”, Property is being sold subject to any easements including road, drainage, utility or other easements of record or pending. The sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing, if any, will be the responsibility of the purchaser pursuant to MN statues. The buyers are responsible for all inspections of the property prior to their purchase of it. The sale is subject to the sellers approval. Any statements made at the auction may take precedence over any printed information. Auction Company & Staff represent the seller in this transaction.

ONLINE BIDDING OPTION

Interested parties that can not attend the auction in person can use our online bidding platform through www.danpikeauction.hibid.com to participate in the auction. Please register for online bidding at least 24 hours ahead of the auction. Please call at least 24 hours ahead of sale if bidding online if you have questions regarding it. For those that wish to participate, but don’t have access to an internet connection and would rather bid by phone that can be arranged as well by calling the Dan Pike Auction company at least 24 hours ahead of the auction to register and make arrangements. This property will be offered via both Live & On-line webcast public auction. Those parties bidding on-line will be required to wire transfer the earnest money and sign the purchase agreements the day of the auction. There will be NO “Buyers Premium” charged to those bidding on-line or in person. 

 

Comments

We are very honored to have been asked to represent Nyles & Helane Gentz with the sale of this farm that has been in the Gentz family for over 100+ years.  Please come prepared to purchase as the sellers have chosen the auction method to market this property. If you are considering the purchase of very good farmland to add to your investment portfolio this is an auction that you will want to attend. The information contained in this sale bill and other information provided by the sellers & their agents is believed to be correct, but is not guaranteed. Any lines on maps are for informational purposes only and are not guaranteed to be actual boundary lines of property. The buyers shall make themselves familiar with the property and verify all information & data for themselves. The auctioneers and the sales staff are representing the seller. This auction is open to the public. We look forward to seeing everyone at the auction. Remember that the auction begins at 10:00 A.M. sharp, so don’t be late.

 

Listing Agent

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