Edgerton, MN 56128(Pipestone County)

Auctioneers Note: Our company is honored to represent Mike & Esther Homandberg in the sale of this excellent multi use property! This property is located in Osborne TWP, Pipestone County, MN! If you are a farmer or investor looking for an excellent tract of land with endless opportunities be sure to take a look at this property today!

Abbreviated Legal Description: Tract 1 in the NE1/4 of Section 20, TWP 105N, Range 44W, Pipestone County, MN. Subject to all easements and roadways of record. Sold Subject to Well Head Protection Area.

General description: According to the survey, this property contains 123.15+/- gross acres. According to FSA, this property contains approx. 61.14+/- tillable acres, approx. 5.57 acres of CRP with a annual payment of $1,121.00 with a contract expiring 9-30-2027, approx. 13.71 acres of CRP with an annual payment of $2,207.00 with a contract expiring 9-30-2035, and approx. 39.67 acres of pastureland/grassland with the remainder in road and ditch. Seller will retain the 10-1-2022 CRP payment and buyer shall receive the full 10-1-2023 CRP payment and all future CRP payments. This farm has a corn base only which is 66.08 acres with a PLC yield of 148bu. The tillable farmland is classified as NHEL. The predominant soil types of the tillable land include: J85A-Trotsky, J70A-Brandt, J69A-Athelwold, J80A-Lamoure-La Prairie, J23A-Lamoure, J74B-Estelline, J73E-Buse, J74A-Estelline. According to Agri-Data this tillable land has a productivity index rating of 76.7 and a estimated average county CER rating of 70.62! The owner of this property has had a Well Head Protection Agreement with the City Of Edgerton, MN which has expired in April of 2022. The City Of Edgerton, MN would like to continue this agreement and the buyer would receive all future payments from the City Of Edgerton, MN if the buyer agrees to renew the agreement. Contact An Agent for contact information for the City Of Edgerton to discuss the potential renewal of the agreement. This is a great opportunity to purchase an excellent tract of multi use land! It is not often that you have the opportunity to purchase a property with as much potential as this one! If you are a farmer or investor this is a great opportunity! If you are an outdoorsman looking for a hunting retreat this property would make an excellent property for that and would have the added benefit of CRP income, income from the tillable land and grassland/pastureland and income from the water protection agreement!!!! Do not miss the opportunity to purchase this Osborne TWP, Pipestone County, MN Land!

Method of sale: Farm will be sold with the final bid x the final gross surveyed acres. Auction will be held on site at the site of the farmland.

Taxes: The current Real Estate Taxes according to the Pipestone County Treasurer are approx. $2,650.00 per year. Seller will pay the 2022 RE taxes when due and payable.

Possession: Full possession will be March 1, 2023. This land is available to farm for the 2023 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 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 December 16, 2022 when the 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 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. Buyer will be required to assume the CRP contract and will be responsible for any future midterm maintenance if 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. Auctioneer and Real Estate broker is representing the sellers. Buyer agrees to accommodate the sellers with a 1031 exchange. If any additional information is requested, please contact auction manager listed below.

Michael & Esther Homandberg- Owners