241+/- Acre Land Auction, Lincoln Co., MN

March 18, 2022 10:00 am

Diamond Lake Twp., Lincoln Co, MN

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Directions

Tract 1 - This land is located from Lake Benton, MN, 7 miles north on Hwy. 75, 2 miles east on 220th St. Tract II - From Tract I, this inside 80-acre farm is located ½ mile south on 210th Ave. and ½ mile east on 210th St.

Tract 1 Sold For $7,400 Per Acre or $1,191,400.00

Tract 2 Sold For $4,400 Per Acre or $352,000.00

Auctioneer Notes

Auctioneers' Note: 10:00 AM - 161 (+-) Acres, NW of Section 2, and 80 (+-) Acres, W1/2 of NE 1/4 of Section 11, all in Diamond Lake Twp., Lincoln Co., MN. Sale will be held at Tract 1

Overview

Tract I – 161 +/- Acres – According to the FSA Office, this farm has approx. 138.6 tillable acres and a corn base of 79.68 acres w/PLC yield of 114 bus. and soybean base of 39.68 acres w/PLC yield of 34 bus., plus a 19.6 acre wheat base. The farm has a gentle roll w/productive soil, and non-tillable acres are approx. 15 acres in building site, roads and waterway. The farm has potential for more tillable acres. According to Surety AgriData, the farm has predominately Class I & II soils with a productivity index of 89.3. This farm is leased for the 2022 crop year and new buyer will get $30,000 rent credit at closing.

Tract II – 80 +/- Acres – According to the FSA Office, this farm has approx. 65.94 acres of cropland which includes 37.99 CRP acres until 9/30/30 at $167/acre. New buyer will assume present CRP contract and there will be no cost share on expenses after 2024. Farm has a 15.62 acre corn base and 12.33 acre soybean base. According to Surety AgriData, this farm has predominately Class II & III soils with a productivity index of 83.2. The farm is leased for 2022. New buyer will assume CRP income and receive $7,000 rent credit at closing.

Description

NW ¼ of Section 2 (161 +/- acres) and W ½ of NE ¼ of Section 11 (80 +/- acres) all in Diamond Lake Twp., Lincoln County, MN. Home - Lots 5 & 6, Block 6, City of Ivanhoe, MN.

Terms

10% non-refundable earnest money deposit on each parcel due day of sale with balance due on or before April 28, 2022. Title insurance and closing fees split 50/50 between buyer & seller. Seller will pay all real estate taxes payable in 2022 on land. Information contained herein and all statements made herein are believed accurate but not guaranteed. Properties are sold subject to confirmation of owner. Burlage Peterson Auctioneers & Realtors, LLC represents the seller in this transaction.

Owner

VIVIAN LARSEN REVOCABLE LIVING TRUST

Additional Information

LAND BROKERAGE FIRM & AUCTIONEERS Scott, Jim, Tyler, Lenny, Dustin & Jill Burlage Peterson Auctioneers & Realtors, LLC. Land Brokers - Auctioneers - Realtors - Farm Managers.

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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