PendingMostly Tillable Tract With Recreational Opportunity In Southeast MN - 228.5 Acres

AuctionPending

228.5 Acres / Fillmore County, MN

Property Location: 228.5 +/- acres in S27/34-T101N-R12W in Fillmore County

Auction Location: Isle Of Dreams, 13029 County Road 3, Spring Valley, MN 55975

Auction Date & Time: September 29, 2020 @ 6:00 PM.

Hard to find large tillable farm in Southwest Fillmore County just north of the Iowa border. If you have been looking for a quality farm to add to your operation this is one to take a look at. The farm lays well with waterways in the right locations. This would be a great option for anyone looking to do a 1031 exchange or looking to diversify their investments and get into land ownership. There are 32.5 +/- acres of timber that make for great hunting. The property would also make for a great location to build your dream home. The property will be offered in 4 different tracts.

Tract 1. 67 +/- total acres with 61.3 +/- acres tillable. PI Rating 80. Great nearly all tillable tract just north of the Iowa border with good soils. This parcel lays well and will make a great addition to any farming operation. If you have been looking for a solid land investment for a 1031 exchange or to diversify your assets without breaking the bank this parcel is a great option. Potential building site with driveway in place. The property is a short drive to Spring Valley, Harmony, Lime Springs or Cresco.

Tract 2. 99 +/- total acres with 93.41 +/- acres tillable. PI rating 84. Great nearly all tillable tract just north of the Iowa border with good soils. This parcel lays well and will make a great addition to any farming operation. If you have been looking for a solid land investment for a 1031 exchange or to diversify your assets without breaking the bank this parcel is a great option. Potential building site with driveway in place. The property is a short drive to Spring Valley, Harmony, Lime Springs or Cresco.

Tract 3. 32.5 +/- total acres. Awesome all timber property surrounded by ag land just north of the Iowa border. If you have been looking for a smaller wooded hunting parcel this is one you need to look at. The property hunts big and has a ton of sign. Potential to build a cabin or home in the woods. Hunting parcels of this size do not come around often in this area. The property is a short drive to Spring Valley, Harmony, Lime Springs or Cresco.

Tract 4. 30 +/- total acres with 29.78 +/- acres tillable. PI rating 74. Great nearly all tillable tract just north of the Iowa border with good soils. This parcel lays well and will make a great addition to any farming operation. If you have been looking for a solid land investment for a 1031 exchange or to diversify your assets without breaking the bank this parcel is a great option. Potential building site with driveway in place. The property is a short drive to Spring Valley, Harmony, Lime Springs or Cresco.

  • Property Location: 228.5 +/- acres in S27/34-T101N-R12W in Fillmore County

  • 184.5 +/- Total Tillable Acres

  • CPI average of 81.4

  • Great option for 1031 exchange

  • Lays well for big equipment

  • Great addition to any farming operation

  • 32.5 +/- acres of timber for good hunting

  • Just north of the Iowa and Minnesota state line

  • Option to bid on 4 different tracts

  • Open for farming 2021

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

  • On site bidders should bring a government issued ID

  • Subject to a 2% buyers premium

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

  • If 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 the day of the sale shall 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 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 judgment

Auction Documents

Details

  • Wild Game
    • Small Game
    • Big Game
      • Whitetail
    • Other Game
      • Wild Turkey
  • Roads
    • Road Frontage
      • Country Road
    • Road Access
      • Gravel
  • Tillable / Production Areas
    • Tillable
    • Corn
    • Soybeans
  • Area Features
    • Public Hunting
    • Public Fishing
  • Activities on Property
    • Hunting
    • Hiking
    • Horseback Riding
    • Camping
    • Family Activities
  • Investment

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. We 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 Quit Claim Bill of Sale unless otherwise noted in the Disclosures). Current year's taxes are pro-rated through day of closing as is customary.

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.

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 the final sales price at closing. The purchase agreement and sales day announcements will identify the party responsible for survey costs.

Each high bidder must sign a purchase agreement and make a 10% ($5,000 minimum) 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. The balance of the purchase price and all closing costs are due within 30 days.

For live sales, 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 re-schedule 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 as to 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. 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 outbid 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. The remaining properties are then offered in another round of bidding. Anyone may bid at any time, including prior High Bidders.

Ranch & Farms Auctions, 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 co do not warrant any information contained within the description. All lines on maps are approximate and buyer should verify the information. All sale day announcement will take precedence over any prior advertising or announcements.

Broker Participation

Buyers Agents who register a winning bidder at this auction may receive a Buyer Broker Participation Fee. Please call for more details.

Auction Type

Reserve

Licensing

In cooperation with Whitetail Properties Real Estate, LLC

Jeff Evans, Broker, RE LIC 40316820

Joe Gizdic, Director, Ranch & Farm Auctions, 217.299.0332

Ronnie Strong, Director, Ranch & Farm Auctions, 573.579.5579

Bob Stalberger, Land Specialist, 507.884.4717

Bryce McVicker, MN Auctioneer License: 64-20-29

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