320 +/- Acre Land Auction, Drammen Twp., Lincoln Co., MN

January 29, 2021 12:00 am

Lincoln County, MN

Directions

TRACT I SOLD FOR $8,100 PER ACRE

TRACT II SOLD FOR $7,550 PER ACRE

TRACT III SOLD FOR $3,500 PER ACRE

Auctioneer Notes

This auction presents an excellent opportunity to purchase up to 320 +/- acres of good tillable land w/drain tile, some pasture as well a potential building site. This land is located in a strong agricultural area right along County Road 13. This land has been in the Gilbert family for over 100 years. Now is the time if you are in the market for land that could serve as an outstanding addition to a row crop farming or investment portfolio. All 3 tracts are all free and clear to farm for crop year 2021.

Overview

Tract I – 137.71 +/- Acres According to FSA information this farm is nearly all tillable and is made up of strong Class I & II soils with a productivity rating of 88.4 according to Surety Agri-Data information. $4,388 of fertilizer goes with the farm.

Legal Description: The north part in E ½ of Sec. 14, T-110-N, R-46-W, Drammen Twp., Lincoln Co., MN

Tract II – 135.41 +/- Acres According to FSA information this farm is nearly all tillable and is also made up of strong Class I & II soils with a productivity rating of 88.9 according to Surety Agri-Data information. $4,256 of fertilizer goes with the farm.

Legal Description: The south part in E ½ of Sec. 14, T-110-N, R-46-W, Drammen Twp., Lincoln Co., MN

Tract III – 46.88 +/- Acres This tract of land is made up of pasture land with a nice stock dam as well as a good potential for a nice building site being located about ½ mile off of County Rd 13 to the south.

Legal Description: Acreage Site in E ½ of Sec. 14, T-110-N, R-46-W, Drammen Twp., Lincoln Co., MN

Description

Terms

10% non-refundable earnest money deposit due day of sale, balance due on or before March 15, 2021. Closing fees split 50/50 between buyer & sellers. Buyers will pay all real estate taxes payable in 2021 and have possession for 2021 crop year. This property is sold subject to easements and restrictions, if any, and is sold subject to confirmation of owners. Information contained herein and all statements made herein are believed accurate but not guaranteed. If property is sold in individual tracts the acres will be determined by a survey, that survey will be paid by the sellers. Sellers do not guarantee fences lie on true boundary lines. New fencing, if any, is buyer’s responsibility. Earnest money deposit(s) to be made out to trust account for Glenn Petersen, Attorney at Law & closing attorney. Auctioneers represent the sellers in this transaction.

Owner

GILBERT FAMILY ESTATE

Additional Information

Glen Petersen, Attorney at Law, 507-247-5515 – Closing Attorney

What our clients say about us!

Our family personal and farming operations have utilized Burlage Peterson Auctioneers and Realtors
for more than 30 years. They have provided exceptional support in the acquisition
and sale of both agricultural farmlands as well as personal real estate.
The firm has always provided individualized, professional support in all our
real estate transactions. They are market knowledgeable and always current on existing
and changing trends in the marketplace.Absolutely top notch! Highly recommend!

Burlage-Peterson helped us sell our house with their auction service.
Burlage-Peterson provided us with a great team to complete this process.
They were professional, respectable, and very caring of our needs from start to closing.

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