Upcoming Live Public Auction Of 124.8+/- Acres
Of Leota TWP, Nobles County, MN Farmland!
This Farmland Is Located Southwest of Leota, MN!
This Farmland Is Available To Farm For The 2022 Crop Year!
Tract 1: 43.70 Acres — Tract 2: 81.10 Acres
Location: From the East edge of Leota, MN at the intersection of Birkett Ave (19) & 110th St. (20) go South on Birkett Ave (19) for 1 mile to 120th St. then go 1/2 mile West on 120th St to property 1 and then continue for 1/2 mile farther West on 120th St. to Property 2. Auction to be held at the site of property #2. Watch zomercompany.com for inclement weather.
Sale Date: May 3, 2022 @10:30 A.M.
Auctioneers Note: Our company is honored to have been selected to offer these great tracts of farmland for sale at public auction! This is a great opportunity to expand your current operation or investment portfolio! Buyer will receive immediate possession! Call an auctioneer listed below today to receive a full informational packet! This auction will be held at the site of Property #2!! Watch zomercompany.com in case of inclement weather!
Abbreviated Legal Description of Property #1: Tract 2(West 43.70 acres of West 1/2 of NE1/4) in the Northeast 1/4 of Section 17, TWP 104N, Range 43W, Nobles County, MN to be described by survey. Subject to all public easements and roadways of record.
General description of Property #1: According to the Nobles County Assessor, this property contains 43.70+/- gross acres of farmland. According to FSA, this property contains approx. 40.47+/- tillable acres (Estimated Only) with the remainder in road and ditch and approx. 2.50+/- acres in CRP (estimated acres) with an annual payment of $487.00 with an expiration of 9-30-2028. Seller will retain the full 10-1-2022 CRP payment. Buyer will receive all future payments for CRP. Exact CRP acres and payment to be determined after the contract is split. This farm has a corn and soybean base combined with the adjoining farmland with a PLC yield of 138bu. on corn and a PLC yield of 40bu. on soybeans. The tillable farmland is classified as NHEL. The predominant soil types include: P30B-Sac, P28A-Ransom, P29A-Rushmore, P12B-Everly. According to Agri-Data this farm has a productivity index rating of 95.8 and a county CER rating of 76.35! Make plans today to attend this auction! This is an inside tract of farmland! This farm is available to farm for the 2022 crop year!! Buyers will receive immediate possession upon receipt and deposit of earnest money! Call for details! Any additional field access/driveway installation shall be the cost of the new buyer. Call today for a full informational brochure on this property!
Abbreviated Legal Description of Property #2: Tract 1(W1/2 of NW1/4) in the Northwest 1/4 of Section 17, TWP 104N, Range 43W, Nobles County, MN to be described by survey. Subject to all public easements and roadways of record.
General description of Property #2: According to the Nobles County Assessor, this property contains 81.10+/- gross acres of farmland. According to FSA, this property contains approx. 66+/- tillable acres with the remainder in road and ditch and approx. 10.60+/- acres in CRP with an annual payment of $2,641.00 with an expiration date of 9-30-2027. Seller will retain the full 10-1-2022 CRP payment. Buyer will receive all future payments for CRP. This farm has a corn base only combined with the adjoining land with a PLC yield of 138bu on corn. The tillable farmland is classified as NHEL. The predominant soil types include: P28A-Ransom, P29A-Rushmore, P30B-Sac, P48B-Allendorf. According to Agri-Data this farm has a productivity index rating of 95.6 and a county CER rating of 74.9! Make plans today to attend this auction! This farm is available to farm for the 2022 crop year!! Buyers will receive immediate possession upon receipt and deposit of earnest money! Call today for a full informational brochure on this property!
Method of sale: Farms will be sold with the final bid x the final gross surveyed acres. Auction will be held live on site at the site of Property 2. Properties will be offered in the choice method. The first successful bidder of choice will have the option of selecting choice of the parcels and then the remaining parcel will be sold. The first successful bidder will be allowed to select 1 property.
Taxes: The current Real Estate Taxes according to the Nobles County Treasurer are approx. $1,204.00 per year on property 1 and approx. $2,198.00 per year on property 2. Seller will pay the 2021 RE taxes when due and payable.
Possession: Buyer will receive immediate possession to farm both tracts upon receipt and deposit of earnest money. Farms are available to farm for the 2022 crop year. BUYER WILL RECEIVE IMMEDIATE POSSESSION TO FARM FOR THE 2022 CROP YEAR
Terms: Purchaser (s) will be required to pay a non-refundable 15 % of the purchase price as earnest money deposit which will be payable to Nobles County Abstract & Title, and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day on or before June 14, 2022. Seller will provide marketable title to the property. Owners title insurance policy and closing fees will be split 50/50 between the buyer and seller. Abstracts will not be provided. Closing will be conducted by Nobles County Abstract & Title. This farm is being sold as is as a cash sale with no finance contingencies and as is with any/all defects and encroachments if any. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all data provided. No warranties are expressed or implied. Any lines on maps and pictures are for informational purposes only and are not guaranteed to be actual boundary lines of the property. 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. If buyer delays closing penalties will apply. Buyer will be required to assume current CRP contract and will be responsible for any/all midterm maintenance required. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. This Property is being sold subject to the confirmation of the sellers. Auctioneers and Real Estate brokers are representing the sellers. If any additional information is requested, please contact auctioneers listed below.
Sale Conducted by Zomer Company Realty & Auction
1414 Main St., Rock Valley, IA 51247
Mark Zomer Auction Manager—712-470-2526—MN Lic. #40641381