Productive Tillable With Building Lots In Wright Co, MN - 233.3 Acres

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233.3 Acres / Wright County, MN

Live and Online at Ranchandfarmauctions.com

Auction Date: 07/19/2023 Auction Time: 4:00 PM

Auction Location: Stockholm Community Center, 16233 County Road 30 SW, Cokato, MN 55321

Entire Farm Description:

Here is a great opportunity to bid on some good quality tillable land in a multiple-tract auction. 233.30 +/- combined total acres with 223.4+/- tillable acres. Average soil productivity indexes range from 88.9 to 93.4. 3 total tracts sold of 71.95 +/- acres, 65.14+/- acres and 96.21+/- acres. All tracts in Stockholm Township Sections 14, 29 and 30. All tracts have existing drain tile in place. Current tenant in place for 2023. Good access to all parcels. All parcels have at least one building eligibility that transfers to the new owner.

Tract 1 Description (71.95+/- Acres):

This tract is located approx. 5 miles SW of Cokato in section 30 of Stockholm Township. It is bordered by Reardon Ave SW on its eastern boundary. It consists of two existing parcels of 9.27 acres and 62.68 acres to make up it’s 71.95+/- total acres. There is approx. 68.15+/- tillable acres that have an average soil productivity index of 89.3. Existing tile / tile intakes are in place. There will be a tile drainage and maintenance agreement associated with Tract 2 to the east as the outlet for both is on this tract. Per Stockholm Township, there are 2 building eligibilities associated with this tract.

Details:

Tract #: Tract 1

Deeded Acres: 71.95

FSA Farmland Acres: 68.15+/-

Soil Types: Redslake-LeSueur Complex, Hamel-Glencoe complex, Houghton Muck

Soil PI/NCCPI/CSR2: 89.3 CPI

Taxes: $1,162 (Ag HSTD. Told by county taxes double in Non-HSTD)

Lease Status: Leased for 2023

Possession: Immediate possession

Survey needed?: No survey needed – Existing parcels of record

Brief Legal: Part of NE ¼ S30 T118N R28W

PIDs: 218000301400 and 218000301102

Lat/Lon: 45.0028 ,-94.2413

Zip Code: 55312

Tract 2 Description (65.14+/- Acres):

This tract is located approx. 5 miles SW of Cokato in section 29 of Stockholm Township. It is bordered by Reardon Ave SW on the west and Co Rd 1 / Quist Ave on the east. It consists of approx. 65.14 total acres with 61.92+/- tillable acres that have an average soil productivity index of 93.4. Existing tile/tile intakes are in place. There will be a tile drainage and maintenance agreement associated with Tract 1 to the west as tile from this tract runs onto Tract 1 and ultimately outlets to the west. Per Stockholm Township, there is 1 building eligibility associated with this tract.

Details:

Tract #: Tract 2

Deeded Acres: 65.14

FSA Farmland Acres: 61.92+/-

Soil Types: Canisteo-Glencoe complex, Reedslake-Le Seuer Comples, Le Sueur loam

Soil PI/NCCPI/CSR2: 93.4 CPI

Taxes: TBD

Lease Status: Leased for 2023

Possession: Immediate possession

Survey needed?: No survey needed – Remainder description in place with previously sold portion of the original 79.05 acre parcel

Brief Legal: Part of SW ¼ S29 T118N R28W

PIDs: TBD by county

Lat/Lon: 44.999, -94.2312

Zip Code: 55312

Tract 3 Description (96.21 +/- Surveyed Acres):

This tract is located approx. 3 miles SE of Cokato in Section 14 of Stockholm Township. It is bordered by Norling Ave to the east and 85th St. to the S. It will consist of 3 total adjacent parcels making up approximately 96.0 total acres and 93.33+/- tillable acres. The average soil productivity index is at 88.9. Existing tile and tile inlet on property. The assumed outlet for the tile is to the NE. There will be a tile drainage and maintenance agreement associated with this so the outlet may be maintained. Per Stockholm Township, there are 2 building eligibilities associated with this tract.

Details:

Tract #: Tract 3

Deeded Acres: 96.21 +/- Acres

FSA Farmland Acres: 93.33+/-

Soil Types: Canisteo clay loam, Reedslake-LeSueur Complex, Cokato – Storden Complex

Soil PI/NCCPI/CSR2: 88.9 CPI

Taxes: TBD

Lease Status: Leased for 2023

Possession: Immediate possession

Survey needed?: No

Brief Legal: Part of NE ¼ S14 T118N R28W

PIDs: 218000141200, 218000141400 and part of existing 218000141402

Lat/Lon: 45.0313, -94.1612

Zip Code: 55312

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
Great multi-tract auction
Approx. 90 overall average soil productivities
94% to 97% tillable tracts
Existing tile / intakes in place on all tracts
Easy access to all tracts from public roads
Building eligibilities associated with all tracts
All tracts located just south of Cokato
Green acres tax deferment transfer possible

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.

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