LIVE ONLY - SOLD T1 5350 per acre T2 2800 per acre Land and Home Auction in Lincoln County Minnesota near Hendricks

Event Date:

5/12/2016 10:00:00 AM CDT

Address:

1142 250 St
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    SOLD T1 5350 per acre T2 2800 per acre Land and Home Auction in Lincoln County Minnesota near Hendricks

    Real Estate

    Brokers note tract 1: conveniently secluded on the south dakota/minnesota line, minutes from hendricks, tetonka ridge ranch is a turn-key operation of
BROKERS NOTE TRACT 1: Conveniently secluded on the South Dakota/Minnesota line, minutes from Hendricks, Tetonka Ridge Ranch is a turn-key operation offering a good balance of pasture and farm land, an elegant 5,500+ sf log home, a 50’x124’ heated shop with attached pole shed, cabin/guest house, additional outbuildings & corrals, a 100x100 permitted feedlot, and a variety of recreational attributes! The pristine log home is situated on top of Buffalo Ridge amidst gorgeous prairie views, overlooking the private, 30’ deep pond that offers good fishing and abundant recreation. Built in 2009, the Minnesota log home is equipped with 4 over sized bedrooms all with walk-in closets, an additional bedroom, 4 bathrooms, a great room, 4-season room, main-level laundry, pantry, and walk-out basement. The walk-out basement could be it’s own house or apartment as it is equipped with laundry hookups and is plumbed for a kitchen area, with two bedrooms and a full bathroom. The interior of the home is covered with wood from northern Minnesota including an ash ceiling, aspen in the bathrooms, hickory floors & cabinets, and pine walls, along with a pine D-log exterior. The layout offers an open kitchen with granite countertops, lots of natural light through Pella windows with built-in shades, and a cozy rock fire place. This log home has several heated floors throughout, including the attached double garage, and is run with an efficient closed loop geothermal heating & cooling system. Tetonka Ridge Ranch offers 121.43 cropland acres with a productivity index of .891, mainly made up of Barnes-Buse complex, Class II soils. The gently rolling farm is sloped from 0-12% and is enrolled in ARC-CO with 86.79 base acres. Currently, 105.39 acres are being utilized for a row crop operation with the balance of 162+/- acres made up of a quality pasture, building site, feed lot, trees & water sources. The overall ranch is equipped with a .737 productivity index, mainly Class II soils with a rolling topography of 0-40% slopes. The turn-key pasture has quality grass, 4 strand barb wire fence, a dugout and water tank, along with a 33’x64’pole shed built in 2014 used for a cattle working area and/or shelter. There are several tree belts situated throughout the property, covering about 12 acres. The 64’x120’ finished shop & pole shed was built in 2009 inclusive of electricity, steel interior & exterior, 2 overhead electric doors, in-floor heat from a closed loop geothermal system, water heater and sink, and an office/tack room. The pole shed/calving barn is 50’x60’ with several attached sucker rod corrals, a metal wind break stretching 128’, a pasture and a round pen. The 600 Animal Units permitted feedlot is inclusive of 8 acres with 4 open lots, a cement pad (angles from 35’ deep to 75’ deep) and 88’ of cement bunks with the cement pad running the remaining length of the feedlot, used as the feeding source. Equipped with sucker rod & railroad tie fencing, the feedlot has blue silo panel wind breaks on the west, metal on the north, along with mature trees on the north. There is a sucker rod alley on the south side of the bunks with a 20’ alley splitting the 4 pens in the center. There are 4 water tanks (3 Ritchie) located throughout the feedlot that can be run by well or rural water with valves in the basement of the house. A 2’’ water line from the house is run to the well house near the feedlot and is equipped with 220 electric service. A 32’x36’ shed with 110 electric service is also available and currently used as a storage shed and loading chute. Pen 1 (west pen): 88’x 230’ with cement bunks. Pen 2: 142.5’x 230’ with a cement floor bunk pad. Pen 3: 96’x230’ with a cement floor bunk pad. Pen 4 (east pen) 96’x230’ with a cement floor bunk pad. Details & questions on the feedlot regulations, call Pete at the county at 507.694.1344 or cell at 507.531.0076. There is a survey on file for the feedlot. An old well will be capped inside the well house. Take Advantage of the efficiency that has been built to make Tetonka Ridge Ranch ready for your operation on the beautiful Buffalo Ridge. We will see you at the auction & come prepared to buy! *Soil information is provided by Surety Agridata. Cropland acres are based on FSA information. OPEN HOUSE DATES: Friday April 22nd from 4-6pm & Saturday April 23rd from 11am - 1pm. Average House Utilities per Month Lyon Lincoln Electric: Lincoln Pipestone Rural Water: $444 (main meter) $40/month on average $38.50 (fencer on Meter #2) $72 (water lights Meter #3) *The house is run with rural water and the outbuildings and tanks are run from the well. The property can be run on the well or rural water with the valves in the basement of the house. Personal Property Not Included: Washer & Dryer. Only one mile from Tetonka Ridge Ranch, this 52.5+/- acre pasture is fully equipped with a well-built dam for its water source and good access off Hwy 1. Inclusive of quality soil, the productivity index on this grassland is .866, mainly Class II, Lake park clay loam with 0-18% slopes. With quality barb wire fencing, this virgin sod makes a strong addition to any operation.

TERMS:

TERMS: This is a cash sale. Closing and landlord possession will be on or before June 14th, 2016. The pasture will be free & clear to graze or rent out in 2016. The buyer will have the option on the crop land to collect $21,000 at closing or pay the input costs in the amount of 53.03 Corn Acres x $285 = $15,113 and 52.36 Bean Acres x $140 = $7,330 with a total input amount of $22,443 and take 100% possession of the crop and be able to harvest in the fall of 2016. Upon acceptance of the sale by the seller, a non-refundable earnest money deposit equal to 10% of the sale price due at the conclusion of the auction. 20% non-refundable earnest money deposit due at the conclusion of the auction if the buyer desires possession day of sale on pasture & crop land only. If buyer is not immediately available at the conclusion of the auction, the purchase agreement and 10% or 20% non-refundable earnest money deposit must be complete within 24 hours from the close of the auction. The balance will be due at closing. Seller will provide an abstract evidencing good & marketable title, with all certificates up to date. Purchasers are responsible for the cost of title insurance, if needed. Closing costs are to be split 50-50 buyer and seller. All of the 2015 RE taxes due and payable in 2016 will be paid by the seller. The 2016 real estate taxes due in 2017 will be the responsibility of the purchaser. Rural water & septic assessments will be paid at closing by the seller. The seller does not warranty or guarantee that existing fences lie on the true boundary, and any new fencing will be the responsibility of the purchaser pursuant to MN statutes. A survey will not be provided and will be the purchasers responsibility if needed or requested, however there is a survey completed on the feedlot. FSA yields, bases, payments and other information is estimated and not guaranteed and are subject to County Committee Approval. Information contained herein is deemed to be correct but is not guaranteed. Sold subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all Lincoln County MN Zoning Ordinances. The RE licensees in this transaction stipulate that they are acting as agents for the seller. Announcements made day of sale take precedence over any written materials. Said property is sold as is. This sale is subject to seller confirmation. Not responsible for accidents.

DOCUMENTS:

Questions? Contact Us!

Megan Hammond

(605) 692-2525

megan@advantagelandco.com

Roberto Diaz