86147 Minnesota 86 , Lakefield, MN 56150(Jackson County)

Auctioneers Note: Zomer Company is honored to represent the Peterson family and has the privilege to present this prime acreage site located North of Lakefield, MN and South of Windom, MN!! This acreage site has been in the Peterson Family for over 60+ years and has been excellently well maintained!! Acreage sites in this area do not come for sale very often! This property is located close to Lakefield, Jackson, Heron Lake and Windom, MN!! Make plans to attend the auction today!!

Legal Description: A TRACT IN THE SE1/4 SECTION 8-103-36

That port of the Southeast Quarter (SE1/4) of Section 8, Township 103 North, Range 36 West of the 5th P.M., Jackson County, Minnesota, described as follows:

Commencing at the Southeast Corner of said Section 8; thence North 002238 East on the east line of said SE1/4 for a distance of 676.61 feet to the Point of Beginning; thence continuing North 002238 East on said east line for a distance of 438.36 feet; thence North 891851 West for a distance of 547.90 feet; thence South 002222 West for a distance of 357.95 feet to the beginning of a non-tangent curve, concave Northeast having o radius of 100.00 feet; thence Southeasterly on the ore of said curve to the left for on ore distance of 128.43 feet (said curve subtended by a chord which bears South 455626 East with a chord distance of 119.79 feet) to the beginning of a non-tangent line; thence South 893241 East for a distance of 461.24 feet to the Point of Beginning, containing 5.48 acres, inclusive of 0.75 acres of public road right-of-way on the east side thereof.

General Description: This is a fantastic opportunity to purchase a acreage site located North of Lakefield, MN on a blacktop!! This acreage site consists of approximately 5.48 acres and is located on a hard surfaced road!! The ranch style home on this acreage site consists of 3 bedrooms and 2 bathrooms with a total of approx. 1,300 gross square feet living area on main floor and has a attached double stall garage! The main floor of this home offers a spacious full kitchen and dining area, a large living room with room for the whole family, with a full bathroom and 3 bedrooms!! The lower level of this home consists of a large spacious open living area with tons of opportunity for multiple uses, a full kitchen, a laundry/utility room and a full bathroom! This property will include some appliances and a 1000 gallon propane tank. This home has ABC steel siding. This acreage site also includes several outbuildings including a 23 x 47 livestock shed, a 23 x 42 open front cattle shed, a 40 x 70 cold storage machine shed with a dirt floor, a 22 x 33 insulated shop with ample room to fit your personal needs!! This acreage site also has a 37 x 65 hog building and a older granary! This is the perfect opportunity to purchase a property that is centrally located between Windom, MN and Lakefield, MN and located close to several other local communities on a hard surface road and has ample space to fit your personal needs, you will not want to miss this opportunity! This acreage site is currently being served by well water. Make plans to attend the open houses today or contact us to set up a private tour!

According To Redrock Rural Water their pipe is located in the ditch to the East of the property it would cost approximately $18,500 to hook on to rural water plus any plumbing hook up cost to home. Any connection cost will be the buyers sole expense. This property will require a new septic system to be installed within 12 months of closing date at buyers expense and buyer will agree to sign with Jackson County a transfer septic system agreement. Sellers will give buyer at closing a credit of $10,000 towards new septic system.

Open House Dates: July 9, 2024 from 5:30 P.M. to 7:00 P.M. and July 16, 2024 from 5:30 P.M. to 7:00 P.M. or by appointment only

Property Tax: The current Real Estate taxes according to the Jackson County, MN Assessor are approx. $1,001.00 per year. Taxes will be pro-rated to closing day.

Terms: Purchaser(s) shall be required to pay a non-refundable $20,000.00 as down payment, and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day on or before August 27, 2024, when the buyer shall receive a clear and merchantable 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 Winter Abstract & Title. 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. Any announcements made day of the auction will supersede any advertisements. Aerial maps and auction booklets are available upon request. Any propane left in the 1000 gallon propane tank will be prorated to the sellers paid by the buyers on closing day. This Property is being sold subject to the confirmation of the sellers. Auctioneer and Real Estate broker is representing the sellers.