Upcoming Live Public Auction Of 2 Adjoining Tracts Of Elk TWP, Nobles County, MN Farmland!
This Farmland Is Located Northwest Of Brewster, MN & South Of Fulda, MN
This Farm Will Be Sold In Two Separate Tracts!
Tract 1: 61+/- Acres
Tract 2: 91+/- Acres
These Farms Are Available To Farm For The 2024 Crop Year!
Sale Date: April 9, 2024 @10:30 A.M.
Location: From the West edge of Brewster, MN at the intersection of HWY 1(Wass Ave) and HWY 14 (200th St) go 6 miles West on HWY 14 (Wass Ave) to Quine Ave (59) then go North on Quine Ave (59) for 2 3/4 Miles to the farms. Both tracts are located on the East side of Quine Ave (59). The tracts adjoin each other. Auction Signs Will Be Posted. Auction to be held at the site of the farmland.
Auctioneers Note: The Zomer Company is honored to represent the esteemed Nasers Family in offering at auction these two outstanding tracts of Nobles County, MN farmland! These farms are located Northwest of Brewster, MN and South of Fulda, MN! Land for generations has proven to be an excellent investment! Do not pass up the opportunity to purchase one or both of these great tracts of Nobles County, MN farmland! Watch zomercompany.com in case of inclement weather!
Abbreviated Legal Description of Tract 1: The North Approx. 61 acres of the NW1/4 located on the North side of ditch Excepting an acreage site located therein, all located in Section 12, TWP 103N, Range 40W, Nobles County, MN. Subject to all public easements and roadways of record. Sold subject to all drainage taxes and assessments if any.
General description of Tract 1: According to the county assessor/Agri-Data, this property contains 61+/- gross acres of farmland. This farm will be surveyed prior to the auction and will be sold based on the gross surveyed acres. According to FSA, this property contains approx. 57.79+/- tillable acres of which approx. 5 acres are currently enrolled in CRP with one contract ending 9/30/2033 with an annual payment of $600.00 and one contract ending 9/30/2032 with an annual payment of $721.00. Seller will retain the 10-1-23 CRP payment & buyer shall receive the full 10-1-2024 CRP payment. This farm has a corn base only of 52.69 acres with a PLC yield of 153bu. The tillable farmland is classified as NHEL. The predominant soil types include: L85A-Nicollet, L1414A-Spillville, L83A-Webster, L126A-Coland, L139A-Wadena. According to Agri-Data this farm has a productivity index rating of 93 and a county CER rating of 72.76 (Currently combined with the county with Tract 2)! This is a fantastic offering of Nobles County, MN farmland! Land in this area is not often available for sale at auction! If you are a younger farmer looking to get started or an established farmer looking to add more acres to your operation this tract of land presents a tremendous opportunity to purchase a quality tract of land which you can be proud to own and which your family can be proud to own for generations to come! This farm had fertilizer applied in the fall of 2023 and buyer shall be required to reimburse former tenant at closing for fertilizer applied. Contact an agent for details.
Abbreviated Legal Description of Tract 2: The South Approx. 91 acres of the NW1/4 located on the South side of ditch, all located in Section 12, TWP 103N, Range 40W, Nobles County, MN. Subject to all public easements and roadways of record. Sold subject to all drainage taxes and assessments if any.
General description of Tract 2: According to the county assessor/Agri-Data, this property contains 91+/- gross acres of farmland. This farm will be surveyed prior to the auction and will be sold based on the gross surveyed acres. According to FSA, this property contains approx. 84.24+/- tillable acres of which approx. 3.20 acres are currently enrolled in CRP with the contract ending 9/30/2032 with an annual payment of $779.00. Seller will retain the 10-1-23 CRP payment & buyer shall receive the full 10-1-2024 CRP payment. This farm has a corn base only of 77.73 acres with a PLC yield of 130bu. The tillable farmland is classified as NHEL. The predominant soil types include: L83A-Webster, L1414A-Spillville, L85A-Nicollet, L126A-Coland, L139B-Wadena, L139A-Wadena, L157A-Lowlein, L135A-Okabena, L79B-Clarion, L152B-Lowlein-Round Lake. According to Agri-Data this farm has a productivity index rating of 90.4 and a county CER rating of 72.76 (Currently combined with the county with Tract 1)! This farm also recently had approx. 18,000+ feet of drainage tile line installed in the fall of 2021! This is a fantastic offering of Nobles County, MN farmland! This land can be farmed in 1/2 mile rows! Land in this area is not often available for sale at auction! If you are a younger farmer looking to get started or an established farmer looking to add more acres to your operation this tract of land presents a tremendous opportunity to purchase a quality tract of land which you can be proud to own and which your family can be proud to own for generations to come! Land long term has always proven itself to be an excellent investment! This farm had fertilizer applied in the fall of 2023 and buyer shall be required to reimburse former tenant at closing for fertilizer applied. This farm was also chiseled in the fall of 2023 and buyer shall be required to reimburse former tenant for this work. Contact an agent for details.
CLICK HERE TO VIEW A VIDEO OF THE FARMLAND
Method of sale: Farms will be sold with the final bid x the final gross surveyed acres. Farms will be offered in the choice method. The top successful bidder will have the option to select the tract of their choice or both of the tracts. If the top successful bidder selects only one of the tracts then whichever tract is remaining will then be sold. Tracts will not be offered in any combinations other than as choice with the top bidder having the option to select both tracts. Once a tract is sold it will remain sold. Auction of the farms will be held at the site of Tract 1.
Taxes: The current Real Estate Taxes according to the Nobles County Treasurer are approx. $6,484.00 per year combined for both parcels. Seller shall pay the 2023 RE taxes due in the calendar year 2023 which were based on the 2022 tax assessment. Buyer shall be responsible to pay the RE taxes due in the calendar year 2024 which were based on the 2023 tax assessments and all future taxes.
Possession: Possession of the farms will be on April 15, 2024 upon the successful deposit of earnest money.
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 Winter Abstract & Title, and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day on or before May 20, 2024. 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. 1 Abstract (Total) can be provided, to be shared by buyers if buyers of tracts are separate buyers, if buyer desires to have their attorney review an abstract, however seller will be utilizing title insurance and shall not pay for any expenses incurred by buyer for review of the abstract and buyer shall still be required to pay for 50% of the title insurance and 50% of the closing fee. Closing will be conducted by Winter 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. All buyers are encouraged to do buyers due diligence. 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. Nathan Rockman—DeKoter, Thole, Dawson, Rockman & Krikke, P.L.C.—Attorney for seller.
Nasers Family Heirs- Owner
Sale Conducted by Zomer Company Realty & Auction
1414 Main St., Rock Valley, IA 51247
712-476-9443
Www.zomercompany.com
Mark Zomer Auction Manager—712-470-2526—MN Lic. #40641381
