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LAND AUCTION

SOLD FOR 6,275 PER ACRE

160 +/- ACRES OF UNIMPROVED FARMLAND IN GRAY TWP., PIPESTONE CO., MN

LAND AUCTION

160 +/- ACRES OF UNIMPROVED FARMLAND
IN GRAY TWP., PIPESTONE CO., MN, ON CFD

We will offer at Public Auction the following described real estate located from Pipestone, MN,Hwy. 75 & 30 (McDonald’s Corner), go 4 miles south on County Road 56 and ½ mile east on 61st Street.

Auction conducted at the property on:

TUESDAY, NOVEMBER 15, 2016     SALE TIME: 10:00 A.M.

Here is an opportunity to purchase 160 (+/-) acres of unimproved farmland that has a level to gentle rolling topography.  According to the FSA Office, the farm has approximately 139.37 tillable acres which includes a 73.29-acre corn base with 123 PLC yield and 66.08-acre soybean base with 36 bushel PLC yield.  According to Surety AgriData, the farm has predominately Brookings clay loam, Kranzburg clay loam and Hidewood-Badger complex with a productivity index of 88.11.  These are ideal soils for raising corn and soybeans.  This farm has an excellent location only ½ mile from a tar road and close to the Cargill Elevator and several other elevators.  Farmers or Investors: You have the opportunity to purchase this productive farm in a prime agricultural area with very good Contract for Deed terms or the option to pay cash.

Legal Description:  SE ¼, Section 31, T-106-N, R-45-W, Gray Township, Pipestone, County, MN

We invite you to inspect this farmland at any time.  1031 Exchanges welcome!  For additional information, contact the Auctioneers or visit our website www.burlagepeterson.com.  Come prepared to buy!

TERMS:  Option I – 10% down day of sale with an additional 10% due December 20, 2016.  Balance based on a 20-year amortized Contract for Deed to include interest at 3.5%.  Interest starts on December 20, 2016.  Balloon payment is due December 20, 2026.  Buyer may prepay on Contract for Deed anytime without penalty.  Contract for Deed buyers should review CFD before bidding.  CFD available for review upon request to Auctioneer.

Option II – 10% down day of sale and balance due on or before December 20, 2016.

Buyer may choose Option I or Option II.  Title insurance and closing fee split 50/50 between buyer and seller for each Option.  Seller will pay real estate taxes payable date of closing.  Buyer will pay real estate taxes payable from and after closing.  Buyer will receive full possession for the 2017 crop year.  Farm is sold subject to confirmation of the owner.  Farm sold as-is, where-is with no warranties, guarantees or contingencies.  Owner does not warranty and/or guarantee that existing fences lie on true and accurate boundaries.  The auctioneers represent the seller in this transaction.

WILLIAM R. ELLIOTT, TRUSTEE – OWNER

Glen Peterson, Attorney & Closing Agent for Seller

AUCTIONEERS & REALTORS
Burlage Peterson Auctioneers & Realtors & , LLC
Lenny Burlage – 605-690-0379
Tyler Burlage – 605-695-3874
Jim Peterson – 605-690-2674
Scott Peterson – 605-690-0505
317 4th St, Brookings, SD – Office – 605-692-7102
www.burlagepeterson.com
AUCTIONEER & LAND BROKER
Chuck & Jared Sutton Flandreau & Sioux Falls – 605-336-6315 / 605-864-8527
Dean Stoltenberg Jasper, MN – 504-348-7352

160+/- ACRES OF GRAY TWP., PIPESTONE CO., MN LAND

WILLIAM R. ELLIOTT, TRUSTEE – OWNER

Earlier Event: November 14
LAND AUCTION
Later Event: November 29
LAND & BUILDING SITE AUCTION