280 ACRES BARE LAND IN RICE CO., MN - SMITS TRUST

280 ACRES BARE LAND IN RICE CO., MN - SMITS TRUST

Tuesday, November 29, 2022  |  10:00 AM Central
to bid until the live auction begins!
280 ACRES BARE LAND IN RICE CO., MN - SMITS TRUST

280 ACRES BARE LAND IN RICE CO., MN - SMITS TRUST

Tuesday, November 29, 2022  |  10:00 AM Central
to bid until the live auction begins!
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Description

280 ACRES OF BARE LAND, FARM LAND, HUNTING & RECREATIONAL, SELLING IN 4 SEPARATE PARCELS, 2.5 ACRE BUILDING SITE, ALL IN SECTION 1, 12 & 23 OF WALCOTT TWP, RICE CO. MN, SOUTHEAST OF FARIBAULT, MN

Maring Auction Co. Inc


(507) 789-5421
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Parcel/Lot 1 - 120+/- Acres Bare Crop Land In Section 23, Walcott Township, Rice County, MN

Lot # 1 (Sale Order: 1 of 4)      

Quantity: 120

Parcel/Lot 1 - 120+/- Acres Bare Crop Land In Section 23, Walcott Township, Rice County, MN
*** Address: 58XX 250th Street East, Faribault, MN 55021
*** Area: 120+/- Acres Of Bare Crop Land
*** Tillable Acres: Approx 95+/- Acres
*** Former PID#: 12.23.4.00001, Taxes For 2022 Based On 160 Acres Are $1,596.40
*** The Southeast Quarter Will Be Split Off Of This Farm
*** Crop Productivity Index: 76.1 Average
*** CRP Contract: There Are 11.31+/- Acres Under Contract Until September 2027, Per Acre Rate, $231.49. Rice Co. FSA Will Determine Exact CRP Acres In Parcel After Auction And Land Is Split
*** Remaining Balance Of Bare Land CRP Contract Expires September 2022.
*** This Will Make A Great Addition To Any Farming Operation For The 2023 Growing Season
*** To Be Sold By The Acre
*** Seller Will Allow 1031 Buyer Language Into The Purchase Agreement

Terms: $20,000.00 Down On Parcels 1, 2 & 4 and $10,000.00 Down On Parcel 3 The Day Of The Auction, This Earnest Monies Is Non-Fundable If Buyer Fails To Close On Said Real Estate. The Balance Is Due And Payable In Full To The Seller On Or Before December 29th, 2022; At Which Time The Buyer(s) Shall Receive Clear And Marketable Title And Possession. All Real Estate Sells In AS-IS Condition With No Warranties Or Guarantees Expressed Or Implied By The Seller Or Any Of Their Agents. There Are No Contingencies Whatsoever. The Buyer(s) Of Parcel 1 & 4 Shall Honor All USDA CRP Contracts To The Expiration Dates. All Real Estate Taxes Shall Be Pro-Rated To Date Of Closing. All Bidders And Buyers Must Have Their Finances In Order Prior To Auction Day. Broker: Maring Auction & Realty Inc., Lic# 40241191

Please contact the auction company with pre approval letters to receive your paddle number and get registered to bid. Registering prior to auction end date is preferred. If you are the successful bidder you will be emailed a purchase agreement or we will setup a meeting time to sign the purchase agreement. Please contact the auction company with any questions at 800-801-4502 or email at mmaring@citlink.net
Smits Info Packet.pdf
...more

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Parcel/Lot 2 - 77.5 +/- Acres Of Bare Crop Land In Section 1, Walcott Township, Rice County, MN

Lot # 2 (Sale Order: 2 of 4)      

Quantity: 78

Parcel/Lot 2 - 77.5 +/- Acres Of Bare Crop Land In Section 1, Walcott Township, Rice County, MN
*** Address: 61XX 220th Street East, Faribault, MN 55021
*** PID#: 15.01.325.001, Taxes For 2022 $1,198.00, Zoned 2A Ag Homestead
*** Area: 77.5+/- Acres, Building Site Will Be Surveyed Off At Selling At Auction
*** Tillable Acres: 58+/- Acres
*** Crop Productivity Index: 92.6 Average
*** To Be Sold By The Acre
*** Seller Will Allow 1031 Buyer Language Into The Purchase Agreement

Terms: $20,000.00 Down On Parcels 1, 2 & 4 and $10,000.00 Down On Parcel 3 The Day Of The Auction, This Earnest Monies Is Non-Fundable If Buyer Fails To Close On Said Real Estate. The Balance Is Due And Payable In Full To The Seller On Or Before December 29th, 2022; At Which Time The Buyer(s) Shall Receive Clear And Marketable Title And Possession. All Real Estate Sells In AS-IS Condition With No Warranties Or Guarantees Expressed Or Implied By The Seller Or Any Of Their Agents. There Are No Contingencies Whatsoever. The Buyer(s) Of Parcel 1 & 4 Shall Honor All USDA CRP Contracts To The Expiration Dates. All Real Estate Taxes Shall Be Pro-Rated To Date Of Closing. All Bidders And Buyers Must Have Their Finances In Order Prior To Auction Day. Broker: Maring Auction & Realty Inc., Lic# 40241191

Please contact the auction company with pre approval letters to receive your paddle number and get registered to bid. Registering prior to auction end date is preferred. If you are the successful bidder you will be emailed a purchase agreement or we will setup a meeting time to sign the purchase agreement. Please contact the auction company with any questions at 800-801-4502 or email at mmaring@citlink.net 
Smits Info Packet.pdf
...more

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Parcel/Lot 3 - 2.25 Acre Older Building Site In Section 1, Walcott Township, Rice County, MN

Lot # 3 (Sale Order: 3 of 4)      

Parcel/Lot 3 - 2.25 Acre Older Building Site In Section 1, Walcott Township, Rice County, MN
*** Address: 6136 220th Street East, Faribault, MN 55021
*** Area: 2.25 Acres Surveyed
*** Building Site: Older 2 Story Home, Older Shed, Non-Conforming Septic System, Unknown Well Condition, House Is In Poor Condition Selling AS-IS
*** To Be Sold By The Gross Dollar
*** Seller Will Allow 1031 Buyer Language Into The Purchase Agreement

Terms: $20,000.00 Down On Parcels 1, 2 & 4 and $10,000.00 Down On Parcel 3 The Day Of The Auction, This Earnest Monies Is Non-Fundable If Buyer Fails To Close On Said Real Estate. The Balance Is Due And Payable In Full To The Seller On Or Before December 29th, 2022; At Which Time The Buyer(s) Shall Receive Clear And Marketable Title And Possession. All Real Estate Sells In AS-IS Condition With No Warranties Or Guarantees Expressed Or Implied By The Seller Or Any Of Their Agents. There Are No Contingencies Whatsoever. The Buyer(s) Of Parcel 1 & 4 Shall Honor All USDA CRP Contracts To The Expiration Dates. All Real Estate Taxes Shall Be Pro-Rated To Date Of Closing. All Bidders And Buyers Must Have Their Finances In Order Prior To Auction Day. Broker: Maring Auction & Realty Inc., Lic# 40241191

Please contact the auction company with pre approval letters to receive your paddle number and get registered to bid. Registering prior to auction end date is preferred. If you are the successful bidder you will be emailed a purchase agreement or we will setup a meeting time to sign the purchase agreement. Please contact the auction company with any questions at 800-801-4502 or email at mmaring@citlink.net
Smits Info Packet.pdf
...more

Bid Not Accepted!

Bid Accepted!

You've been outbid!

No bids placed

You've been outbid  by YOU!

Placing your bid. please wait...

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Parcel/Lot 4 - 80 Acres Of Bare Crop Land In Section 12, Walcott Township, Rice County, MN

Lot # 4 (Sale Order: 4 of 4)      

Quantity: 80

Parcel/Lot 4 - 80 Acres Of Bare Crop Land In Section 12, Walcott Township, Rice County, MN
*** Address: 61XX 220th Street East, Faribault, MN 55021
*** Area: 80 Deeded Acres, Taxes For 2022 $1,464.00, Zoned 2A Ag Homestead
*** Tillable Acres: 74.15 Total, 19.78 Acres Under Plow
*** Crop Productivity Index: 88.3 Average
*** CRP Acres: 54.37 Acres To Expire In September Of 2027
*** 48.28 CRP Acres At A Rate Of $203.89 Per Acre For Yearly Payment Of $9,843.80
*** 6.09 CRP Acres At A Rate Of $190.72 Per Acre For Yearly Payment Of $1,161.00
*** To Be Sold By The Acre
*** Seller Will Allow 1031 Buyer Language Into The Purchase Agreement

Terms: $20,000.00 Down On Parcels 1, 2 & 4 and $10,000.00 Down On Parcel 3 The Day Of The Auction, This Earnest Monies Is Non-Fundable If Buyer Fails To Close On Said Real Estate. The Balance Is Due And Payable In Full To The Seller On Or Before December 29th, 2022; At Which Time The Buyer(s) Shall Receive Clear And Marketable Title And Possession. All Real Estate Sells In AS-IS Condition With No Warranties Or Guarantees Expressed Or Implied By The Seller Or Any Of Their Agents. There Are No Contingencies Whatsoever. The Buyer(s) Of Parcel 1 & 4 Shall Honor All USDA CRP Contracts To The Expiration Dates. All Real Estate Taxes Shall Be Pro-Rated To Date Of Closing. All Bidders And Buyers Must Have Their Finances In Order Prior To Auction Day. Broker: Maring Auction & Realty Inc., Lic# 40241191

Please contact the auction company with pre approval letters to receive your paddle number and get registered to bid. Registering prior to auction end date is preferred. If you are the successful bidder you will be emailed a purchase agreement or we will setup a meeting time to sign the purchase agreement. Please contact the auction company with any questions at 800-801-4502 or email at mmaring@citlink.net
Smits Info Packet.pdf
...more

Bid Not Accepted!

Bid Accepted!

You've been outbid!

No bids placed
$0.00 x 80 = $0.00
Total Bid: USD 0.00

You've been outbid  by YOU!

Placing your bid. please wait...

Reserve Not Met
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