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LAND AUCTION

SOLD $4,500 PER ACRE

159.50 ACRE IMPROVED CROP & LIVESTOCK FARM

LAND AUCTION

159.50 Acre Improved Crop & Livestock Farm with a Very Nice One Owner Ranch Style Home, Outbuildings for Livestock & Equipment Storage, along with a Mixture of Cropland and Pasture – Located in Troy Township in Northwest Pipestone County, MN and Near Ward, SD

As I have decided to leave the farm and move to town, our family will offer the following real property at auction at the farm located at 269 181st St., Pipestone, MN.; from Pipestone, MN Jct. of Hwys. #30 & #75 – McDonalds Corner) – 8 miles north on Hwy. #75 and 5 miles west on 181st St.; from Cazenovia, MN – 3 miles north on 50th Ave. and 2 miles west on 181st St.; or from Ward, SD – 1¼ miles east, 3 miles south on 20th Ave. and ½ mile east on 181st St.

FRIDAY DECEMBER 16, 2016                  SALE TIME:  10:00 AM

OPEN HOUSE DATES TO INSPECT THE HOUSE & IMPROVEMENTS:  Sun. Nov. 27th,
Sat. Dec. 3rd and Sun Dec. 4th – from 2:00 to 4:00 PM
or Shown by Appointment Arranged with Either the Owner or the Auctioneers.

Properties such as this one are difficult to find!  This auction presents a terrific opportunity to purchase a nicely improved farm inclusive of an attractive one owner ranch style home, complementary outbuildings adaptable for equipment storage and livestock use, along with crop, pasture and hayland – making this farm extremely well suited for use in connection with a crop and crop-livestock farming operation.  The farmstead on this property is nestled in a pleasant country setting near a flowing creek, with the improvements on this farm consisting of a modern one owner home (approx. 26’x46’ or 1,196 sq. ft. on the main floor and a 24’x24’ attached garage) that was constructed in 1988, with the main level of the home comprised of a wooden open deck and sliding patio door entry to the dining/kitchen area that is inclusive of oak built-in cabinets, a snack bar and a dining area, a living room, 2 bedrooms w/closets, a full bath with a tub-shower unit and a side entryway w/closet and a walk door from the house to attached dbl. garage which has 2 overhead doors (1 w/elec. opener) and front and rear walk doors, with the rear door accessing a concrete patio – the garage is well designed with accesses available to both the main and basement levels of the home; the lower level has a wooden basement with a large portion finished and includes a family/rec. room, 2 bedrooms w/closets and large windows, a full bath/laundry, a mud room w/garage access via a staircase to the garage and a canned goods/storage room with built-in shelving; additionally the home is heated with an updated Ruud LP gas furnace and central air conditioning, a Marathon elec. HW heater and a water softener.  The exterior of the home has gray textured steel siding and black asphalt shingles.  Water to the house and the farmstead is currently provided by a well with a pressure system, although Lincoln-Pipestone Rural Water has an existing water line south of the farmstead that runs through the property – with access currently available, although installation and related costs, if any, will be the responsibility of the buyer (For Info. Concerning Availability & Costs, Interested Parties Should Contact Lincoln-Pipestone RW @ 507-368-4248).   The property is serviced by a septic system, with any future inspections and septic upgrades to be the responsibility of the buyer. The LP tank on the premises is leased and is not included with the property.  The house is situated in a nice setting complemented by an established lawn, other landscaping and some perennial flowers (*note the seller will retain the privilege to remove and retain some perennial flowers in the Spring of 2017*).  Other improvements on this property include a machine shed w/galv. metal exterior & dirt floor (approx. 52’x100’), a metal open front cattle/livestock shed w/end door (approx. 39’x72’), a barn with a large lean-to loafing shed addition, a cement stave silo, 2 – +/-4,000 bu. grain bins (18’ diam.) and other incidental improvements.  According to FSA information this farm has approximately 114.74 acres of cropland with a 94.70 acre corn base with a 112 bu. PLC yield and is enrolled in the ARC County election of the USDA farm program.  According to the Pipestone Co. Assessor this parcel has a CER of 60.34, comparatively information obtained from Surety Agri-Data, Inc. indicates that this farm has a weighted average productivity index of 73.2.  The general topography of this land is gently rolling to somewhat hilly.  The total 2016 ag-homestead RE taxes on this property were $1,892.00.  If you are in the market for a farm a choice parcel of land that has potential to serve as a terrific addition to an area row crop farming operation or as an investment, then make plans to inspect this property and be in attendance at this auction.

LEGAL DESC.:  The NE¼, Less .50 Acre Tract, Sec. 6, T. 107N., R. 46W., (Troy Twp.), Pipestone Co., MN. 

TERMS: Cash – A 10% nonrefundable earnest money payment sale day and the balance on March 1, 2017 with full possession of the improvements & land, with the exception of the grain bins which are leased until August 1, 2017.  A Warranty Deed will be conveyed and an abstract of title will be continued to date and provided to the buyer for examination prior to closing.  All of the RE taxes payable in 2017 will be paid by the seller, with the buyer to be responsible for 100% of the RE Taxes payable in 2018.  This property is sold in “AS IS” Condition with no contingencies whatsoever, furthermore the Buyer(s) will be responsible for any septic tank inspections and updates.  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. 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 the County Assessor’s records, with the acres understood to be “more or less”.  This property is sold subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all applicable county 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 Owners.

SANDRA LOPAU, OWNER
Ph. 507-825-2882

James O’Neill – O’Neill, O’Neill & Barduson Law Firm
Attorney & Closing Agent for the Seller – Pipestone, MN – ph. – 507-825-4266 

CHUCK SUTTON – Auctioneer & Land Broker – Lic. #59-26 –
Sioux Falls, SD – ph. 605-336-6315, Pipestone, MN – ph. 507-825-3389
& Flandreau, SD – ph. 605-997-3777 and
DEAN STOLTENBERG – Auctioneer – Lic. #59-38 – Jasper, MN – ph. 507-348-7352
BURLAGE-PETERSON – Auctioneers & Realtors – Brookings, SD – ph. 605-692-7102
JARED SUTTON – RE & Personal Property Auctioneer – Flandreau, SD – ph. 605-864-8527

159.50 Acre Improved Crop & Livestock Farm, Troy Twp., Pipestone Co., MN

SANDRA LOPAU – OWNER

Earlier Event: December 1
RANCH HOME AUCTION
Later Event: January 3
317 +/- ACRE LAND AUCTION