Olsen – +/-102.40 Acres of Productive Shelburne Twp., Lyon Co., MN Land
March 11, 2020 @ 10:00 am
LAND AUCTION
+/-102.40 Acres of Productive Shelburne Twp., Lyon County, MN Land with a High Percentage of Tillable Cropland and Existing Drain Tile
We will offer the following real property at auction with the auction to be held Off Site … in Florence, MN (North of the Park and South of the Former Florence Bar). The land is located from the Jct. of Hwy’s #23 & #14 at Florence, MN – approx. 1 ¾ miles south on Hwy #23; or from the Local Zip 56170 Convenience Store in Ruthton, MN – approx. 2 ¾ miles NE on MN Hwy. #23; or from Marshall, MN – approx. 17 miles southwest on Hwy. #23 to the Jct. of Hwy’s #23 & 115th St..
WEDNESDAY MARCH 11, 2020 SALE TIME: 10:00 AM
This auction presents the opportunity to purchase a desirable parcel of land located in Shelburne Township in southwestern Lyon County, MN, with the west edge of the land lying adjacent to the Lyon-Lincoln County Line. This land has been in the Olsen family for over 120 years and is being offered at public auction at the direction of the heirs in order to settle the Alda Olsen Estate. This is a unique parcel of land as Hwy. #23 dissects the farm running southwesterly through the farm leaving approximately 2/3rds of the land on the east side and the remaining 1/3rd lying west of Hwy. #23. The west parcel also has an existing tower site that is part of the deeded acres being sold, although this site is subject to a perpetual easement previously granted. This property is virtually all tillable with the exception of a small area consisting of approx. 3 acres with remnants of a former farmstead that is situated on the portion east of Hwy. #23, the tower site & roads. This land has been well farmed and maintained in an excellent state of cultivation with areas of the farm enhanced by the installation of approx. 5,650’ of new drain tile in 2019 and other newer tile in recent years – with a total of approximately 6,950 feet of newer drain tile in the land east of the highway and approx. 1,150‘ of newer drain tile in the land west of the highway, additionally there is some older concrete tile in both parcels that are also a part of the drainage system. It is noteworthy that according to the previous farm operator this farm has an APH yield for corn of 208 bushels per acre and for soybeans of 52 bushels/acre. According to FSA information this farm has approx. 99.52 acres of total cropland, with a 51 acre corn base with a 174 bu. PLC yield, a 44.5 acre soybean base with a 48 bu. PLC yield and for 2020 is signed under the County ARC Election of the USDA Farm Program. According to the Lyon County Assessor this farm has a CER soil rating of 70.7, also information obtained from Surety Agri Data, Inc. indicates that this farm has respectable weighted average productivity index of 93.3. This farm has a topography which is generally level to gently rolling. This land has potential to serve as an excellent addition to an area row crop farming operation or investment property. If you are in the market for a very desirable parcel of productive Lyon Co., MN land, located in a highly regarded agricultural area near Florence, MN, and Ruthton, MN, then make plans inspect this property and be in attendance at this auction.
LEGAL DESC.: +/- 102.40 Acres in the W½ of the E½ SW¼ & Lots 3 & 4, Exc. Ry & Exc. 6.53 Acres Road & Exc. 5.58 Acres Road, Sec. 30, T. 109N., R. 43W., (Shelburne Twp.), Lyon Co., MN – containing 102.40 Acres M/L.
TERMS: Cash – A 10% nonrefundable earnest money payment on the day of the sale and the balance on or before April 24, 2020 with full possession for the 2020 crop year. Marketable Title will be conveyed and an abstract of title continued to date will be provided to the buyer for examination prior to closing. The estimated RE taxes payable in 2020 are $2,850.00 with 2 Owners qualifying as Homestead & 2 Owners being Non-Homestead, with the sellers to pay the 1st ½ installment and the buyer to be responsible for the 2nd ½. The 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. FSA yields, bases & other FSA information is estimated and not guaranteed and are subject to County Committee Approval. This property is sold based on the acres as stated on the county tax records with the acres understood to be “more or less” and is sold subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all applicable county zoning ordinances. Information contained herein is deemed to be correct, but is not guaranteed. The RE licensees/auctioneers in this transaction stipulate that they are acting as agents for the sellers. Sold subject to confirmation of the owners. For additional information contact the auctioneers.
HEIRS OF ALDA OLSEN
For Info. Contact Karolyn Barron – Managing Owner – ph. 507-829-877 – Paul Goode, Jr. – Runchey, Louwagie & Wellman , P.L.L.P. – Attorney & Closing Agent for the Sellers – Marshall, MN – ph. 507-537-0515
CHUCK SUTTON – Auctioneer & Land Broker – Sioux Falls, SD – ph. 605-336-6315; Lic. #59-26 – Pipestone, MN- or ph. 507-825-338
JARED SUTTON – Auctioneer – Lic. #59-72 – Flandreau, SD – ph. 605-864-8527 &
BURLAGE & PETERSON – Auctioneers & Realtors – Brookings, SD – ph. 605-692-7102