Upcoming254.33 +/- Acres Of High Quality Tillable Near Hanska, MN - 254.33 Acres

AuctionUpcoming
Auction Date30November

254.33 Acres / Brown County, MN

Bid Now

Auction Location:2101 S. Broadway St., New Ulm, MN 56073

Auction Type:Reserve

Auction starts in:01 months, 24 days 03 hours 31 minutes

Auction Date:

Auction Date: November 30th, 2022, Auction Time: 10AM

Auction Location: Best Western Plus in New Ulm, MN

Entire Farm Description: The Kathryn Krueger farm is +/- 254.33 deeded acres with +/- 245.27 FSA Tillable acres. Located 4 miles southeast of Hanska, this is a top-end farm with high quality soils, level topography and good drainage. The farm is being offered in three tracts. Tract 1 +/- 40 acres with 40 FSA tillable acres and a CPI of 93.2. Tract 2 is +/-61.32 acres including a building site and +/- 54.73 FSA tillable acres with a CPI of 91.5. Tract 3 is +/- 153.01 deeded acres with +/- 150.7 FSA Tillable acres with a CPI of 88. All tracts are subject to a survey prior to closing. The survey will provide legal deeded access to all tracts starting from 110th Street. The survey will also provide the necessary drainage/maintenance easements. Open Tenancy for 2023. Drainage Tile is currently in place connecting to Judicial Ditch 14. JD14 borders Tract 3 on both the south and east boundary lines.

Tract 1 Description:

Tract 1 Located 4 miles southeast of Hanska, this is a top-end farm with high quality soils and level topography. +/- 40 acres with 40 FSA tillable acres and a CPI of 93.2. This tract is subject to survey. The survey will provide legal deeded access from 110th Street. The survey will also provide the necessary drainage/maintenance easements. Open Tenancy for 2023.

Details:

Tract #: 1

Deeded acres: 40

FSA Farmland Acres: 40

Soil Types: Webster, Nicollet, Glencoe, Canisteo, Clarion Loam and Okoboji Silty Clay Loam.

Soil PI/NCCPI/CSR2: CPI – 93.2

Taxes: TBD By survey

Lease Status: Open Tenancy for 2023 crop year

Possession: Immediate possession subject to current tenant's rights for 2022

Survey needed: Yes

Brief Legal: TBD by survey

PIDs: TBD by survey

Lat/Lon: 44.1147 -94.4666

Zip Code: 56041



Tract 2 Description:

Tract 2 Located 4 miles southeast of Hanska, this is a top-end farm with high quality soils and level topography. This tract is +/-61.32 acres including a building site and +/- 54.73 FSA tillable acres with a CPI of 91.5. This tract is subject to a survey prior to closing. The survey will provide legal deeded access from 110th Street. The survey will also provide the necessary drainage/maintenance easements. Open Tenancy for 2023.



Details:

Tract #: 2

Deeded acres: 61.32

FSA Farmland Acres: 54.73

Soil Types: Glencoe, Canisteo, Webster Clarion and Nicollet Loam with some Okoboji Muck

Soil PI/NCCPI/CSR2: CPI 91.5

Taxes: TBD By survey

Lease Status: Open Tenancy for 2023 crop year

Possession: Immediate possession subject to current tenant's rights for 2022

Survey needed: Yes

Brief Legal: TBD by survey

PIDs: TBD by survey

Lat/Lon: 44.1124 -94.4579



Tract 3 Description:

Tract 3 is Located 4 miles southeast of Hanska, this is a top-end farm with high quality soils, level topography and good drainage. Tile maps are provided for this tract. The parcel is made up of +/- 153.01 deeded acres with +/- 150.7 FSA Tillable acres with a CPI of 88. This Tract is subject to a survey prior to closing. The survey will provide legal deeded access from 110th Street. The survey will also provide the necessary drainage/maintenance easements. Open Tenancy for 2023. Drainage Tile is currently in place connecting to Judicial Ditch 14. JD14 borders Tract 3 on both the south and east boundary lines.

Details:

Tract #: 3

Deeded acres: 153.01

FSA Farmland Acres: 150.7

Soil Types: Okoboji Muck, Glencoe, Canisteo, Webster, Nicollet Clay Loam Essexville Sandy Loam, Seaforth Loam, Blue Earth Mucky silt loam.

Soil PI/NCCPI/CSR2: CPI 88

Taxes: TBD Survey

Lease Status: Open Tenancy for 2023 crop year

Possession: Immediate possession subject to current tenant's rights for 2022

Survey needed: Yes

Brief Legal: TBD by survey

PIDs: TBD by survey

Lat/Lon: 44.1126 -94.4519




  • Bidders may participate in the auction on-site or online at Ranchandfarmauctions.com

  • Onsite bidders should bring a government-issued ID

  • 10% down payment immediately after auction - cash, personal, or business checks accepted

  • If the winning bid is online, you will be immediately contacted to make arrangements for the 10% down payment and a purchase contract will be sent via DocuSign

  • High bidder has 30 days to close unless otherwise noted

  • Announcements on auction day will take precedence over any prior announcements

  • This is a no contingency sale and is not subject to financing or additional inspections

  • Possession at closing, subject to tenant’s rights, if any

  • If a survey is needed it will be done following the auction and the total purchase price will be adjusted to the surveyed acres

  • All information provided is derived from sources believed correct but is not guaranteed or warranted - Bidders shall rely entirely on their own information and judgments

  • 254.33+/- Deeded Acres with 245.27 +/- FSA Tillable Acres

  • Tract 1 CPI 93.2 Tract 2 CPI 91.5 Tract 2 CPI 88

  • Tract 3 is bordered by Judicial Ditch 14

  • Open Tenancy for 2023

  • Located 4 miles south east of Hanska

Auction Documents

Real Estate Auction Terms and Conditions

Terms Of Sale

Thank you for participating in this auction. Please familiarize yourself with the terms and conditions as all sales are final and irrevocable. The terms of sale are non-negotiable. Good luck and good bidding!

Registration at the auction (online and/or in person) finalizes each bidder's agreement to the terms and conditions of sale as stated in the Contract and its Addenda which are incorporated by reference into your bidding. Do not bid until you have read the terms and conditions. By bidding you are representing that you have read and agree to be bound by the terms and conditions for this sale as stated herein. DO NOT BID unless you have registered, received a Bidder's Card or paddle number and have read and agreed to be bound by the terms of sale in the Contract as they are enforceable against you upon becoming a high bidder.

All properties are sold "AS IS, WHERE IS" with no financing, inspection or other contingencies to sale. The broker and Auction Company represent the seller only and do not inspect properties on bidder's behalf. Read the Contract and Auction Day Notes to determine the existence of any disclosures, exclusions, representations and disclaimers. Do not bid if you have not inspected the property(s). By bidding you agree to all disclosures.

Buyers receive a deed and Title Insurance Policy as provided by the Closer indicated in the Contract (any mobile/manufactured housing not legally affixed to the property shall only be conveyed by a Hold Harmless Agreement or Quitclaim Bill of Sale unless otherwise noted in the Disclosures). Current year's taxes are prorated through the day of closing as is customary. Or in abstract states, the seller shall provide a continuation of the abstract of title thru the date of sale for the buyer or buyers attorney to examine.

The sale of this property may be subject to a Buyer's Premium, which will be added to the high bid and included in the total purchase price. Please see the Auction Day Notes, The Contract for Sale, and/or the Auctioneer for specifics about the property you wish to bid on.

Tracts sold by the acre - The contract will indicate the current acreage , bid per acre and the high bid will be the current acreage multiplied by the high bid per acre. If a survey is required prior to closing that results in a change to acreage, the contract will be adjusted to that acreage prior to closing and purchase price will reflect that change in acreage.

If a survey is required, it is typically done immediately following the auction. The per acre bid at auction will then be multiplied by actual surveyed acres to determine final sales price at closing. The purchase agreement and sales day announcements will identify the party responsible for survey cost.

Each high bidder must sign a purchase agreement and make a 10% non-refundable deposit immediately following auction to the Title Company or escrow agent noted on the Purchase Agreement. Cash, wire transfers, cashier's checks, personal checks and business checks (electronically processed) are accepted. For online only auctions, wire transfers are the preferred method for deposits. Wire instructions will be sent with the Purchase Agreement thru DocuSign. The balance of the purchase price and all closing costs are due within 30 days.

Bidding starts at the nominal Opening Bid(s) indicated and is open to the public. The Auctioneer reserves the right to group, add to, delete, withdraw, consolidate or break down lots and/or quantities offered, to sell out of scheduled sequence, to reject any bid which is only a fraction advance over the preceding bid, to regulate bidding, to accept or reject any or all bids, and to cancel or reschedule an auction. The Auctioneer will call the sale and control any increments of bidding. To make a bid, raise your hand or Bid Card to be recognized. The bidding happens quickly. Absentee bids may be accepted at the discretion of the Auctioneer. The Auctioneer reserves the right to enter bids on behalf of absentee bidders. Any mistakes during bidding as to who has the high bid and/or at what price may be called to the Auctioneer's attention and corrected. The Auctioneer is the sole arbiter and controller of the conduct of the auction and shall be the final and absolute authority without liability to any party.

For online only sales, click the “Bid Now” button to enter your bid. Be sure to create an account and sign in early so you do not miss the opportunity to bid. You can also enter a maximum bid to allow for bids to be increased by the noted increments up to your high bid. If you cannot log in, feel free to call (217)-922-0811 to reach customer service to register and bid by phone.

Your inspection of the property(ies) and attendance at this auction are at your own risk. Broker and Seller, their agents and employees, expressly disclaim any "invitee" relationship and shall not be liable to any person for damage to their person or property while in, on or about these properties, nor shall they be liable for any defects, dangers or conditions on the property(ies). All persons enter the property(ies) and attend the auction at their own risk and shall defend, indemnify, and save harmless Broker and Seller, their agents and employees, from any and all liability attendant thereto.

All auctions are subject to court or seller approval unless otherwise noted as “Absolute”. Most sales are approved within 2 business days. Buyers are not allowed possession until Closing and filing of the deed, at which time the property should be re-keyed if required. If for any reason the court or Seller approval is not granted, the Down Payment shall be returned in its entirety to the high bidder. "Showing" requests from Buyers after the auction may not be able to be accommodated.

If more than one property is being auctioned, the Auctioneer may choose to offer a group of the properties for auction at the same time. This is called "BUYER'S CHOICE" and is to accommodate buyers who have an interest in more than one property and/or have 2nd and 3rd choices if they are out bid for a favorite property. Upon winning the bid, please choose which property, or properties, you want. You pay the high bid price for each property selected. Each sale is final and stands alone. Remaining properties are then offered in another round of bidding. Anyone may bid at any time, including prior High Bidders.

Ranch & Farms Auctions, LLC, Whitetail Properties Real Estate, LLC and the Seller expressly disclaim any liability for errors, omissions or changes regarding any information provided for these sales. Please read the Contract and Auction Day Notes for a full and complete understanding of any and all disclaimers. Bidders are strongly urged to rely solely upon their own inspections and opinions in preparing to purchase property and are expressly advised to not rely on any representations made by the Seller or their agents and employees. Property information may change without notice and potential purchasers should investigate all data fully before relying upon it.

The information contained within is believed to be accurate but seller and Auction Company do not warrant any information contained within the description. All lines on maps are approximate and buyers should verify the information. All sale day announcements will take precedence over any prior advertising or announcements.

LEGAL DESCRIPTIONS AND ACREAGE FIGURES:
All stated Measurements including but not limited to acreage, sq footage, map dimensions, and/or sketches are stated for marketing purpose only unless it is stated that the measurements are verified by an independent surveyor or other source. All measurements shall be assumed to be approximate or more or less and obtained from sources to be considered reliable such as; government tax records, mapping software, assessors office records or FSA maps. Legal descriptions may be subject to existing fence/field boundaries. No warranty is expressed or implied as to exact acreages of property. The purchase price based on these measurements entered on the purchase agreement is final unless buyer and seller have agreed otherwise in writing prior to signing. If exact acreage or square footage is a concern, the Property should be independently measured.

Broker Participation

Buyers Agents who register a winning bidder at this auction may receive a Buyer Broker Participation Fee. Please call for more details. Be advised, not all auctions offer a Buyer Broker Participation Fee.

Licensing

IN COOPERATION WITH WHITETAIL PROPERTIES REAL ESTATE LLC (40316821)

Jeff Evans, Minnesota Broker, License # 40316820

Joe Gizdic, Director, Ranch & Farm Auctions, 217.299.0332

Bryce McVicker, Minnesota Land Specialist for Whitetail Properties Real Estate, LLC, 507.430.8518


Auction Type

Subject To Seller Approval

Have a question about the property?

* Required