SOLD FOR $7,550 PER ACRE
160 Acre Lyon County, MN Farm
160 (±) Acre Lyon County, Minn. Farm
We will offer the following land at public auction located from Balaton Minn., 4 miles West on Hwy 14 and 1 mile South on Hwy 91. (Watch For Auction Signs On):
Tuesday, November 10th 2015 Sale Time: 10:00AM
This 160 (±) acre productive farm has nice eye appeal with a level to very gentle roll, and good elevation. According to the FSA office this farm has 140.93 tillable acres that includes a 69.4 acre corn base with a 135 Bu. PLC Corn Yield, and a 69.4 acre soybean base with a 38 Bu. PLC soybean yield. According to Surety AgriData the predominant soils on this farm are Hokans-Svea Complex and Lakepart-Roliss-Parnell Complex with a very high productivity rating of 94, ideal for raising corn and soybeans. This farm also includes an established building site that has a large machine shop w/ a large overhead door, an older barn w/ lean, 2 grain bins and 2 houses, one in need of extensive repairs. This farm has tile and has excellent location next to a state hwy, w/ rural water that runs along the road east of the building site. This is a very productive farm.
Legal Description: NE ¼ of Sec. 25, T-109-N, R-43-W, Shelburne Twp, Lyon Co., MN
Personal Property: JD 620 Tractor – JD 7700 Combine – AC D15 Backhoe – Minn. Moline UB W/ Propane Tank – JD 20’ Bean Head – JD 6 Row Corn Head – Massey Ferguson 1800 AWD Tractor – Pipestone Marina Boat W/ 90 HP Motor (Original Fiberglass Boat) – JD Rotary Ditch Mower – Jon Boat – Misc. Boat Motors – Smaller Boat Trailer – Ford Grain Truck (Good Box, Truck Needs Repairs) – Snapper Riding Mower
We invite you to inspect these properties any time. For additional information contact Auctioneers and Realtors or go to our website www.burlagepeterson.com. Come Prepared to buy!
TERMS: OPTION I: 10% down the day of the sale with an additional 10% down December 11, 2015. Balance on a 20 year amortized mortgage to include interest at 3.5%, interest starts on 12/11/2015. Balloon payment December 11, 2025, buyer may prepay mortgage anytime without penalty.
OPTION II: 10% down day of the sale and balance due on or before December 11, 2015. Title Insurance and Closing Fee split 50/50 between buyer & seller. Seller will pay Real Estate Taxes payable in 2016. This farm has a county ditch assessment, and is sold subject to confirmation of owners. New buyer to receive full possession for the 2016 crop year. Farm sold as is where is with no warrantees, guarantees or contingencies. Owners do not warranty & guarantee that existing fences lie on true and accurate boundaries; any new fencing will be the responsibility of the buyer. The Auctioneers represent the sellers in this transaction.
Richard L. Elliott Irrevocable Trust – Owner
William R. Elliott – Trustee
Glen Petersen, Att., Closing Agent for Sellers
Lenny & Tyler Burlage 605-692-7102
Jim & Scott Peterson 605-692-7102
Chuck Sutton 605-336-6315
RICHARD L. ELLIOTT IRREVOCABLE TRUST – OWNER
WILLIAM R. ELLIOTT – TRUSTEE