Auction Items For Sale
+/-79.96 Acres of Highly Productive & High Percentage Tillable Verdi Township, Lincoln County, MN Land with Residual Wind Tower Income
In order to settle the Ronald Plueger Estate we will offer the following real property at auction at land located from from the Hwy. #13 Curve at the NW Corner of Elkton, SD - 3 miles east (past the Knotty Pine) on SD 217th St./MN Co. Hwy. 10 to the Jct. of Hwy. #10 (130th St.) & Co. Hwy. #1 (120th Ave.), then continue 1 ¾ miles east to the NW corner of the land; from Verdi, MN – ¼ mile west on Hwy. #9 (110th St.), 2 miles north on Hwy. #2 (150th Ave.), 1 ¼ miles west 130th St..
FRIDAY SEPTEMBER 14, 2018 Sale Time: 10:00 AM
This is an excellent parcel of land with an extremely high percentage tillable, very good soils, eye appeal and more, especially with additional income potential from the existing wind tower in place on the property. This is a unique property as it is an inside parcel of land which is approx. ¼ mile wide and ¾ mile long, thus this is a very farmable parcel of land with negligible waste acres. According to a recent survey of this property by Bueltel-Moseng Land Surveying, Inc., this property as a whole consists of a total of 79.96 acres. According to FSA information this farm has approx. 78.12 acres of cropland with a 52.34 acre corn base with a 107 bu. PLC yield and a 1.40 acre oats base with a 60 bu. PLC yield and is enrolled in the County ARC election of the USDA farm program. According to the Lincoln Co. Assessor this parcel has a very high CER of 58.13, comparatively information obtained from Surety Agri-Data, Inc. indicates that this farm has an extremely high weighted average productivity index of 89.8. The general topography of this land is level to nearly level with excellent eye appeal! This land is being sold subject to an existing cash rental lease for the 2018 crop year for which the seller will retain all of the 2018 rent; additionally – the seller will retain the 2018 wind tower payment with the total amount to yet be determined based on the tower production (2017 payment received by the seller was $3,373.86) – the buyer will receive 100% of the 2019 wind tower payment with no proration. If you are in the market for a very desirable parcel of land with excellent crop and income potential to add to a row crop farming operation or investment, then make plans to inspect this property and be in attendance at this auction.
LEGAL DESC.: The E½ of the W. 2/3 of the NE¼ and the E½ of the W. 2/3 of the N½ SE¼ of Sec. 21, T. 109N., R. 46W., (Verdi Twp.), Lincoln Co., MN.
TERMS: Cash - A 10% non-refundable downpayment sale day & balance on or before Nov. 16, 2018. Full possession will be awarded to the buyer in 2019, and subsequent to the harvest of the 2018 standing crops and the tenant’s rights under the 2018 farm lease. The estate will retain the 2018 cash rent and wind tower payment. Marketable Title will be conveyed and an abstract of title continued to date will be provided to the buyer for examination prior to closing. Attorney’s closing fees will be paid by the estate. All of the RE taxes payable in 2018 on this property in the non-homestead amount of $1,842.00 will be “paid in full” by the estate, with the buyer to be responsible for all of the RE taxes payable in 2019. This property is sold in "AS IS" Condition with no contingencies whatsoever and is sold subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all applicable county zoning ordinances. The personal representative has no knowledge of any wells on the premises. 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 statutes, although the estate will make a fencing allowance to the buyer of $4,500.00. FSA cropland acres, yields, bases & other information are estimated and subject to County Committee approval. This property is sold based on the acres as stated on a recent survey of the property by Bueltel-Moseng Land Surveying, Inc., with the acres understood to be “more or less”. This property is sold in “AS IS” CONDITION and subject to any existing easements, restrictions, reservations or highways of record if any, as well as any or all Lincoln Co., MN Zoning Ordinances. Information contained herein is deemed to be correct, but is not guaranteed. The RE licensees/auctioneers in this transaction stipulate that they are acting as agents for the sellers. Sold subject to confirmation of the Personal Representative. For additional information contact the auctioneers or see www.suttonauction.com
RONALD L. PLUEGER ESTATE
Dustin Powell, Pers. Representative
Glen A. Petersen – Attorney & Closing Agent for the Estate – Tyler, MN - ph. 507-247-5515
CHUCK SUTTON - Auctioneer & Land Broker - Sioux Falls, SD - ph. 605-336-6315,
Pipestone, MN – ph. 507-825-3389 & Flandreau, SD - ph. 605-997-3777;
BURLAGE-PETERSON – Auctioneers & Realtors – Brookings, SD – ph. 605-692-7102
& JARED SUTTON – Auctioneer & RE Salesman – Flandreau, SD – ph. 605-864-8527