Details

Sale Date: Tuesday, June 15, 2021 11:00 AM

Sale Location: Vesta Community Center at 160 East Front Street Vesta, Minnesota.

Bid Online

Bid Form

Documents and Maps

Key Features

Harold Franta Trust Live & Online Prime 240 Acres +/- Public Land Auction. Farm will be offered in two seperate tracts and in combination of the entire farm.

Description

This is an excellent Redwood County, Minnesota farm with very good soil types and a Crop Productivity Index rating of over 90. The farm has a level to gently rolling topography. It has been very well operated and managed for many years. The  Farm will be offered in two seperate tracts and in combination of the entire farm.

Location

The property is located in section 28 of Vesta Township which is located 2 miles south of Vesta, Minnesota of Redwood County blacktop road #10. Watch for auction signs.

Legal Description

NE1/4 & E1/2 NW1/4 28-112N-38W Redwood County, Minnesota.

FSA Information

See property information booklet.

Soils

See property information booklet.

Surety/Agridata Avg

See property information booklet.

Tile

See property information booklet.

Improvements

Bareland with no building improvements.

Real Estate Taxes

See property information booklet.

Method of Sale

Multi-Parcel Public Live & Online Land Auction. The  Farm will be offered in two seperate tracts and in combination of the entire farm.

Method of Bidding

Multi-Parcel Public Live & Online Land Auction. The  Farm will be offered in two seperate tracts and in combination of the entire farm.

Possession

Sale is subject to the 2021 cropland lease with the closing to take place Monday, November 1, 2021. Seller's will be retaining all 2021 cropland lease payments. See sale bill for additional terms of auction.

Terms

AUCTION SALE TERMS

The property will be offered in 2 tracts & in combination through our multi-parcel bidding system. If the farm is sold in separate parcels to separate buyers the Seller’s will have the boundary line between the two parcels marked by a registered land surveyor. The farm is being sold subject to a cropland lease for 2021 with the Seller’s retaining all 2021 cropland lease payments. The Buyer or Buyers shall enter into a purchase agreement and make a 20% Non-Refundable down-payment the day of the auction. The closing shall be held on November 1, 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

Due to the currant COVID 19 regulations and rules regarding public gatherings it is encouraged that those interested parties that do not wish to attend the auction in person 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. Buyer is responsible for understanding our multi-parcel bidding process prior to bidding. 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

AUCTIONEER’S NOTE

We are very honored to have been asked to represent the Harold Franta Trust with the sale of this property. 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 11:00 A.M. sharp, so don’t be late.

 

Listing Agent

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