127.04 +/- Acre Land Auction, Verdi Twp., Lincoln Co., MN

September 12, 2023 10:00 am

Verdi Twp., Lincoln Co., MN

Bid Online!

Directions

From Elkton, SD 1 mile south on 486th Ave, then 1 ½ miles east on 218th St. From Verdi, MN 4 ½ miles west on 110th St, then ½ mile north on 110th Ave.

Sold For $9,300 Per Acre or $1,181,472.00

Auctioneer Notes

Auctioneers’ Notes: Here is an opportunity for you to purchase high quality Lincoln Co., MN land that has Brookings Clay and Kranzburg – Brookings Clay Loam soil. According to Surety AgriData, the farm has a high productive index of 93.9. The auction will be held live on site with online bidding available the day of the sale.

Overview

This 127.04 farm lays level with excellent eye appeal. The farm presently has 121.56 acres in CRP that pays $284.90 per acre for a total of $34,632 each year. CRP started 11/1/2017 and ends 9/30/2028. New buyer to assume present CRP contracts and if taken out of CRP would be new buyer’s expense. CRP payments for 2024 will go to the buyers upon AGI Compliance. New buyer has potential for additional income for high walk-in access payment if enrolled of $18 per acre and must apply. This farm has the capability to bring in high cash rent for an investor and excellent soil for a corn and soybean farmer. This farm may have irrigation potential. Come prepared to buy.

Description

127.04 +/- Acres in all that part of E ½ of NE ¼ Sec. 25, T-109-N, R-47-W, Verdi Twp., Lincoln Co., MN

Terms

10% non-refundable earnest money deposit due day of sale with balance due on or before October 25th, 2023. Title Insurance and closing fee split 50/50 between buyer and seller. Seller’s pay real estate taxes payable in 2023. Buyer to pay real estate taxes payable in 2024. This property sold subject to CRP contracts which new buyer assumes and any easement, contracts or restrictions of record. Land sold subject to owner’s confirmation. All announcements made day of sale take precedence over previous written material. Buyer is encouraged to conduct their own due diligence. Auctioneers represents the sellers in this transaction. Glen A. Petersen, Tyler, MN, Attorney & Closing Agent.

Owner

Steve, Robert and Kelly Nichols

Additional Information

BROKERAGE FIRM, AUCTIONEERS & REALTORS Burlage Peterson Auctioneers & Realtors, LLC Office@burlagepeterson.com or 605-692-7102 Chuck Sutton Auctioneer & Land Broker, LLC Office@suttonauction.com or 605-336-6315 Glen A. Petersen, Tyler, MN, Attorney & Closing Agent

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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