Details

Sale Date: Tuesday, November 28, 2023 10:00 AM

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

Bid Online

Documents and Maps

Key Features

Surveyed 75.59+/- Acres of bare farmland. 

90.9 Crop Productivty Index Rating.

Excellent County drainage outlet.

Description

PROPERTY INFORMATION:

Surveyed Acres: 75.59+/-
Surveyed Cropland Acres: 74.99+/-

FSA Corn Base: 37.70 Acres                FSA PLC Corn Yield: 155bu.
FSA Soybean Base: 37.50 Acres           FSA PLV Soybean Yield: 49 bu.

 

Location

From the junction of Highway #86 & County Road #14 (820th Street) in Lakefield, Minnesota - 3 miles east on #14 to 480th Avenue, 1 mile south and 1/4 mile west. Watch for auction signs.

Legal Description

West  Half of the Southeast Quarter (W1/2 SE1/4) except the 5.01 acre building site Section Two (2), Township One Hundred Two (102), Range Thirty Six (36) Jackson County, Minnesota. Parcel # 09.002.0400

FSA Information

See posted property information booklet.

Soils

See posted property information booklet.

Surety/Agridata Avg

See posted property information booklet.

Tile

See posted property information booklet.

Improvements

Bare farmland with no building improvements.

Real Estate Taxes

See posted property information booklet.

Method of Sale

Public Live In Person and Online Auction.

Property offered as one parcel of 75.59+/- acres.

Method of Bidding

Public Live In Person & Online Auction

Possession

See posted property information booklet.

Terms

AUCTION SALE TERMS

The Buyer 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 or before December 28, 2023 with the balance being due and payable in full at closing. Possession shall be transferred for the 2024 crop year. The sale will NOT be contingent upon any buyer financing. The Seller shall pay all 2023 real estate taxes and the Buyer is responsible for all real estate taxes that are due and payable in 2024 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 cannot 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. 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.

No “Buyers Premium” will be charged What you bid is what you will pay.

 

Comments

AUCTIONEER’S NOTE

We are very honored to have been asked to represent the Darlene E. Wedeking 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 10:00 A.M. sharp, so don’t be late.

Listing Agent

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