199.72 ACRES FARM LAND & FARM SITE REAL ESTATE

199.72 ACRES FARM LAND & FARM SITE REAL ESTATE

Friday, November 20, 2020  |  11:00 AM Central
Auction closed.
199.72 ACRES FARM LAND & FARM SITE REAL ESTATE

199.72 ACRES FARM LAND & FARM SITE REAL ESTATE

Friday, November 20, 2020  |  11:00 AM Central
Auction closed.
Internet Premium: 6%
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Description

199.72 Acres and Large Building Site to be sold in 3 parcels for the Kenneth & Lenae Schmidt Estate

Henslin Auctions, Inc.


(320) 365-4120
Catalog Terms of sale
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*Online buyers, please read the complete terms of the auction before you bid.*

Lot # 0 (Sale Order: 1 of 4)      

Thank you for participating in the Kenneth and Lenae Schmidt Land Auction. A 6% buyer's premium will apply to this sale. Three parcels will be sold- please see parcel lot listings for more information about each. Land has been surveyed.

Open House & Inspection dates for Real Estate are November 5th & November 11th 12:00-1:00 and 1 hour prior to auction.

Sale Location:
1027 530th Street
Wood Lake, MN 56297
Auction to be held in the heated shop

Parcels will be offered individually on every round until the bidding stops on all parcels. One bid advancement on one parcel will allow the auction company to offer all parcels again in the next round. Parcels will not be combined together in different combinations or as an entirety. If the buyer wants to purchase all parcels, said buyer must have the top accepted bid on all parcels. Bidding Number and Price will be written down and recorded per parcel and per round. Sellers reserve the right to accept or reject any and all bids on individual parcels and/or all parcels.

On the Proxibid platform, lot will show as "Passed" when the bid is being held for each parcel. Auction company reserves the right to open lots back up at any time until all parcels are announced as sold and auction is closed. Please listen to the audio stream to stay up to date on each round of bidding.

On the Proxibd platform, fractioned quantities are not allowed to be used. Quantity reflects the rounded up acreage of each parcel. The Proxibid multiplier is for your quick math convenience only. Final sale will reflect the actual acreage quantity as announced by the auctioneer.

Immediately following the auction, the successful bidder(s) will be required to sign a purchase agreement on Friday November 20, 2020. A certified check in the amount of $30,000 for each of parcels 1 & 3 and $10,000 for parcel 2 will be required on the day of the auction. These funds will be deposited in the trust account of the seller's attorney:
Kraft Walser Law Office
Sene Zupke
107 North 9th Street
Olivia, MN 56277

Sellers will provide a clear and marketable title. Sellers will pay usual sellers costs, state deed tax and deed preparation. Buyers will pay the usual buyer costs, such as title insurance/title opinion, recording fee for the deed and all cost associated with the financing of the purchase. No Contingencies will be allowed from the buyer on this real estate transaction

Taxes: The Real Estate Taxes and Assessments on record for 2020 will be paid by the seller. Buyers will pay taxes and assessments (if any) in 2021 and beyond. There is no land lease for 2021

Sellers reserve the right to accept or reject any and all bids.

6% Buyer's Premium will apply to the final accepted bid and will be added to equal full contract price.

Closing
Friday, January 15, 2021 or when legal documents are in order
Land will not be tilled back
Possession of parcels 1 & 3 will be granted after the 2020 crop has been removed. Possession of Parcel 2 will be granted after closing.
There is no well or septic system on the properties, to the seller's knowledge for parcels 1 & 3.
The buyer of parcel 2 will be responsible for replacement or repair of septic system and/or well if necessary.

Henslin Auctions, Inc., Henslin Real Estate and Land, LLC. Brokerage and their agents represent the sellers and sellers alone in this transaction.

1031 Language will be allowed to be added to the purchase agreement.

Any Announcements made at the auction, whether verbal or written from the Proxibid Agent will take precedence over any and all written material. The information in this brochure is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to the property. This real estate is being sold "as is". Buyers are purchasing the property as-is, where-is with no warranties or guarantees expressed or implied.

By placing a bid, you the buyer are agreeing to all the above terms and are legally obligated to fully execute the agreement.

Please see full auction terms tab for the complete list of terms you agree to by bidding on this auction.
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Bid Not Accepted!

Bid Accepted!

You've been outbid!

PASSED

You've been outbid  to YOU!

This lot was not sold.

Placing your bid. please wait...

Reserve Not Met

Bid Not Accepted!

Bid Accepted!

You've been outbid!

Sold for: USD 6,850.00
$6,850.00 x 151 = $1,034,350.00
Total Bid: USD 1,034,350.00

You've been outbid  to onsite! to YOU!

Placing your bid. please wait...

$6,850.00 x 151 = $1,034,350.00 Total

...10.20 Acres 1027 530th St. Wood Lake, Mn 56297 Located in Section 31, Posen Twp

Lot # 2 (Sale Order: 3 of 4)      

T-113-N, R-39-W
Three bedroom rambler with attached garage, heated shop with large hydraulic door, large machine shed, grain bins and other outbuildings. Building site has rural water, LP tank is leased. Possession of building site will be after closing.
Parcel 2 Boundary.pdf
Parcel 2 FSA.pdf
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Bid Not Accepted!

Bid Accepted!

You've been outbid!

Sold for: USD 136,000.00

You've been outbid  to onsite! to YOU!

Placing your bid. please wait...

...39.27 Acres of Prime Yellow Medicine County Farm Land located in Section 33, Posen Township.

Lot # 3 (Sale Order: 4 of 4)      

Quantity: 40

CPI=93.8

Land Location for Parcel 3:
Wood Lake, MN: 7.7 miles south
on County Road 6, one mile west
on County Road 46, .5 miles north
on 530th Street, east side of road.
Parcel 3 Aerial.pdf
Parcel 3 Soil.pdf
Parcel 3 Tile.pdf
...more

Bid Not Accepted!

Bid Accepted!

You've been outbid!

Sold for: USD 8,800.00
$8,800.00 x 40 = $352,000.00
Total Bid: USD 352,000.00

You've been outbid  to onsite! to YOU!

Placing your bid. please wait...

$8,800.00 x 40 = $352,000.00 Total
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