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LAND AUCTION

Olsen – +/-155.09 Acres of Unimproved Shelburne Twp., Lyon County, MN Land

LAND AUCTION

+/-155.09 Acres of Productive Shelburne Twp., Lyon County, MN Land

We will offer the following real property at auction with the auction to be held Off Site … in Florence, MN (North of the Park and South of the Former Florence Bar).  The land is located from the Jct. of Hwy’s #23 & #14 at Florence, MN – approx. ½ mile east on Hwy. #14 and ½ mile south on 130th Ave.; from Tyler, MN – approx. 5 miles east on Hwy. #14 and ½ mile south on 130th Ave.; from Balaton, MN – (Jct. Hwy. #2 & #14) – 8 miles west on Hwy. #14 and ½ mile south on 130th Ave.; or from Marshall, MN – approx. 15 miles southwest on Hwy. #23 to the Jct. of Hwy’s #23 & #14 at Florence, MN, then ½ mile east on Hwy. #14 and ½ mile south on 130th Ave.

FRIDAY AUGUST 10, 2018              SALE TIME:  10:00 AM

This auction presents the opportunity to purchase a desirable parcel of land located in Shelburne Township  in southwestern Lyon County, MN, with this land including a mixture of productive cropland, as well as some excellent hunting and recreational attributes – especially in the SW corner of the land adjacent to East Twin Lake. This land has been in the Olsen family for over 50 years.   This land has been well farmed and maintained in an excellent state of cultivation with some areas of the farm enhanced by the installation of approximately 10,000 feet of drain tile according to the operator.  According to FSA information this farm has approx. 140.13 acres of  total cropland and 127.14 acres of effective cropland subsequent to the CRP reduction; with a 57.4 acre corn base with a 134 bu. PLC yield, a 53.8 acre soybean base with a 37 bu. PLC yield and a 3.5 acre oats base with a 53 bu. PLC yield, additionally there currently are 12.99 acres enrolled in CRP in two contracts with approx. 8.39 acres enrolled in CRP at $153.98 per acre, generating a total annual payment of $1,292.00 with the contract expiring 9/30/2022 and an additional 4.6 acres has been enrolled at $98.40 per acre – this contract expires in 2018 and reapplication has been made to re-enlist this in CRP, although approval is pending through FSA.  According to the Lyon County Assessor this farm has a CER soil rating of 56.10, also information obtained from Surety Agri Data, Inc. indicates that this farm has respectable weighted average productivity index of 85.6.  This farm has a topography which is generally gently rolling to somewhat undulating.  This land has potential to serve as an excellent addition to an area row crop farming operation or investment property.  If you are in the market for a very desirable parcel of productive Lyon Co., MN land, located in a highly regarded agricultural area near Florence, MN, and East Twin Lake, then make plans inspect this property and be in attendance at this auction.

LEGAL DESC.:  The N½ SE¼  and Lots 1 & 2 and 1A in the SW ¼, Exc. .09 Acre Rd and .07 Acre, all in Sec. 20, T. 109N., R. 43W., (Shelburne Twp.), Lyon Co., MN – containing 155.09 Acres M/L.

TERMS: Cash – A 10% nonrefundable earnest money payment on the day of the sale and the balance on or before October 19, 2018 with possession and fall tillage privileges to be awarded subsequent to the harvest of the existing 2018 crops and the existing tenants rights under the 2018 farm lease.  Marketable Title will be conveyed and an abstract of title continued to date will be provided to the buyer for examination prior to closing.  The RE taxes payable in 2018 were $1,334.00 and will be paid in full by the owners; the buyer will be responsible for payment of all of the RE taxes due & payable in 2019.  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. The seller will retain the CRP payments payable in 2018, with the buyer to receive 100% of the payment on the CRP acres payable in 2019 with no proration, the buyer will be obligated to comply with all the remaining terms and provisions of the existing CRP contract; furthermore any buyouts or penalty due for cancellation or non-compliance with the terms of the CRP contract will be the responsibility of the new owner(s).  FSA yields, bases, CRP info., payments & other FSA information is estimated and not guaranteed and are subject to County Committee Approval.  This property is sold based on the acres as stated on the county tax records with the acres understood to be “more or less” 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.  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. For additional information contact the auctioneers.

VIVIAN OLSEN ESTATE

Roger Olsen – Pers. Representative

Glen A. Petersen – Attorney & Closing Agent for the Sellers – Tyler, MN – ph. 507-247-5515

 CHUCK SUTTON – Auctioneer & Land Broker – Lic. #59-26 – Pipestone, MN

– Sioux Falls, SD – ph. 605-336-6315 or ph. 507-825-3389;

JARED SUTTON – Auctioneer – Lic. #59-72 – Flandreau, SD – ph. 605-864-8527 &

BURLAGE & PETERSON – Auctioneers & Realtors – Brookings, SD – ph. 605-692-7102

Date

August 10

Time

10:00 am

PDF

View Auction Brochure

Location

Florence, MN
Florence, MN 56170

Auctioneers

Chuck Sutton
Jared Sutton
Burlage/Peterson Auctioneers & Realtors, LLC

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