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150.98+/- Acres McLeod County, MN Farm Land

Bidding ends Tuesday, March 05, 2019  |  7:00 PM Central
until bidding ends.

Internet Premium: 6%
See Special Terms for additional fees
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Description:

Farm land, woods, gravel and hunting land. Approx. 80 USDA tillable acres. Blacktop and gravel road access. Paul & Carolyn Lind, owners. Located NW of Hutchinson, MN on Vista Road & Underwood Ave.
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Thank you for bidding. IMPORTANT INFORMATION, PLEASE READ. DO NOT BID ON THIS LOT, INFORMATION ONLY.

Thank you for bidding. IMPORTANT INFORMATION, PLEASE READ. DO NOT BID ON THIS LOT, INFORMATION ONLY.

Lot # 0      

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Approximately 150.98 acres of farm land, woods, gravel, and hunting land.

Approximately 150.98 acres of farm land, woods, gravel, and hunting land.

Lot # 1      

Quantity: 151

**(Proxibid software only recognizes whole numbers, therefore the purchase agreement will be adjusted down .02 acres of the final bid price.)**

Paul and Carolyn Lind, owners.

Located just NW of Hutchinson on Vista Rd & Underwood Ave.

Approx. 150.98 acres of farm land, woods, gravel, & hunting land.
Approx. 80 USDA tillable acres.

Blacktop & gravel road access.

Part currently rented to Crow River Archery with many trails & wildlife ponds. (Buyers decision to retain rental access.)
Buyer to assume existing gravel lease that ends May 31, 2020.
Approx. 38,000 - 39,000 cubic yards of gravel to be removed under contract. (No compensation to the buyer.)

Home & building site to be sold separately. See survey & watch for upcoming listing.

Legal Description:

  • PID #01.022.0300
  • Government Lots 1 & 3 and NE 1/4 of NW 1/4, Section 22, T-117-N, R-30-W, except 7.02 acre building site (see survey).
  • 2018 Real Estate Taxes: $2,256.00
  • PID #01.022.0400
  • Government Lot 4, Section 22, T-117-N, R-30-W. Approx. 150.98 acres in Acoma Township, McLeod County.
  • 2018 Real Estate Taxes: $1,856.00
  • All Classified Agricultural Homestead

Terms & Conditions:

Bidder Registration:Although there is no obligation to bid, all prospective buyers MUST register to bid at www.faheysales.com. For assistance in registering call 320.854.3510.
Down Payment:$20,000 non-refundable earnest money down on purchase agreement shall be paid within 24 hours from the close of bidding (Tuesday, March 5, 2019).
Closing: Closing on this property shall take place on or before Tuesday, April 16, 2019. buyers wishing to close earlier will be accommodated.
Failure to close by the Buyer: If for any reason you are unable to complete the transaction, your down payment money will be forfeited.
Title: This property will be sold free & clear from any & all liens & encumbrances, but subject to any zoning, environmental, or other municipal, federal & state laws, easements, rights of way or other matters of record. Buyer to accept property in as-is condition
Seller & Auctioneers Disclaimer: All announcements & updates made by the auctioneer on the website, shall take precedence over any previously written material or oral statements made. Conduct of the auction, increments of the bidding & decisions as to the high bidder will be at the direction & sole discretion of the auctioneer. The information contained in this brochure is subject to the inspection & verification by all parties relying on it; no guarantee, expressed or implied, is given of the information contained in the brochure. No liability for its accuracy, error or omissions is assumed by the owners or the agents. Property sells in as-is condition. Buyer will sign an as-is addendum.
Terms: $20,000 non-refundable earnest money down on purchase agreement shall be paid within 24 hours from the close of bidding (Tuesday, March 5, 2019). Cash, personal, & company checks or certified funds will be accepted. Balance in full due on or before Tuesday, April 16, 2019, the date of closing & possession. buyers wishing to close earlier will be accommodated. Buyers to have financing arrangements made prior to bidding on the auction with no contingencies of any kind accepted in the purchase agreement. A 6% buyers premium applies to this property and shall be made part of the purchase price. Property sells by the acre times the bid. 150.98 acres plus a 6% buyers premium. Example: 150.98 acres X $3,600 per acre + 6% buyers premium = $576,139.68 sale price. 1031 tax exchange language can be included in the purchase agreement at the buyers request, however, any 1031 tax exchange shall not alter the terms, conditions, or closing date of this transaction.
Taxes: 2019 real estate taxes to be paid by the seller.
Agency Disclosure: Fahey Sales Auctioneers & Appraisers and Edina Realty represent the seller in this real estate transaction. Dual agency may apply.
Referral Fee (Broker Participation Accepted but not Required): A $1,500 referral fee will be paid to the buyers agent that registers their client with the auction company prior to the client registering and bidding at www.faheysales.com. Broker registration form & instruction can be found there.

*Sells subject to sellers confirmation.*
Auction Brochure
156 Record
Site Survey
Brokers Registration
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