Pantekoek – +/-176.42 Acres of Unimproved Troy Twp., Pipestone Co., MN Land

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ACREAGE & LAND AUCTION

+/- 176.42 Acres of Choice Troy Township Pipestone County Minnesota Land  – To Be Offered at TRACT #1 – An Attractive +/-8.06 Acre Improved Acreage Site with a Modern Ranch Style Home, 2 Machine Sheds, 2 Barns & Other Improvements,TRACT #2 – The South +/-79.96 Acres Unimproved, TRACT #3 – The North +/- 88.40 Acres & Combinations of Tracts – This Auction Includes Cropland which is Some of the Most Highly Rated Cropland in Troy Township of Pipestone County, MN.  This Farm has a Very High Percentage of Choice Productive Cropland Situated in an Excellent Agricultural Area Northwest of Pipestone, MN

We will offer the following real property at auction On Site at the land with the farmstead located at 1467 30^th Ave., Pipestone, MN; located from Pipestone, MN – (McDonald’s Corner – Jct. Hwy’s. #30 & #75) – 5 miles north on Hwy. #75, then 5 miles west on 151^st Ave. (Co. Hwy. #7) to the NE Corner of the land at the Jct. of 30^th Ave. & 151^st St.; from Cazenovia, MN – 2 miles west; or from Flandreau, SD – 3 miles south on Hwy. #13, then approx. 6 ½ miles east on Hwy. #34 to the SD/MN State Line, then continue approx. 1 ¾ miles east on Hwy. #30 to 20^th Ave. (Co. Hwy. #13) , then 5 miles north on Co. Hwy. #13/20^th Ave. and 1 mile east on 151^st St./Co. Hwy #7.

THURSDAY APRIL 5, 2018               SALE TIME:  10:00 AM

Auctioneer’s Note:  This auction presents the opportunity of a lifetime to purchase a property that has been in the Pantekoek Family for nearly 60 years.  This land is situated in one of the leading agricultural areas of Southwestern Minnesota, with this being a parcel of land which is one of the most highly regarded in Troy Twp. of Pipestone Co., MN.  The farmstead includes an attractive set of improvements and will be offered separately or in combination with the adjacent farmland.  The farmland consists of some extremely high caliber cropland with excellent soils and tremendous eye appeal!  This I believe, is one of the finest parcels of land that has been offered for sale in recent history in Pipestone, Co., MN and is land that would serve as an excellent addition to a row crop farming operation or investment.  This land is coming to the market, only due to the untimely death of Allen Pantekoek, so Get Your Financing In Order, Make Plans To Inspect This Property Prior To The Auction & Mark Your Calendars To Be In Attendance At This Auction to have the opportunity to purchase this excellent farm. Look Forward to Seeing You on Sale Day! Chuck Sutton

LEGAL DESC. OF THE PROPERTY IN IT’S ENTIRETY: The NE¼ and the East +/-15 Acres of the SE¼, all in Sec. 19, T. 107N., R. 46W., Troy Twp., Pipestone Co., MN.

This auction presents a great opportunity to purchase an excellent Pipestone Co., MN farm consisting of a total of +/- 176.42 Acres which will be offered as . . . TRACT #1 – The 8.06 Acre Improved Acreage Site in the SE¼ SE¼ NE¼ of Sec. 19 – Inclusive of an attractive farmstead with a nice home and outbuildings; TRACT #2 – +/- 79.96 Acres Unimproved Bare Land – The S½ NE¼, (Excluding the Acreage Site), and the E. +/- 15 Acres of the SE ¼ all in Sec. 19; TRACT #3 – The North +/-88.40 Acres in the N ½ of Sec. 19; and Combinations of TRACTS #1 & #2 Combined – +/-88.02 Acres with the Farmstead & Adjacent Farmland; TRACTS #2 & #3 -168.36 Acres of Bare Farmland or TRACTS #1, #2 & #3 Combined – The +/-176.42 Acre Improved Unit

 Altogether this land consists of a total of 176.42 acres inclusive of the farmstead and adjacent land, which will be offered in multiple tracts, combinations of tracts or as a combined single improved unit. 

The location of this property is superb as the north side of this land lies adjacent to a Co. Oil Hwy. #7 (151^st St.), with the farmstead located just 3/10ths of a mile south of the highway.  The improvements on this property include a comfortable ranch style 2+ bedroom home w/approx. 1,188 sq. ft. on the upper level (per Co. Assessor’s info.) comprised of a front entry to a living room w/oak hardwood floor & ceiling fan; master bedroom w/2 closets & adjacent laundry room; a 2^nd bedroom w/closet; a kitchen w/dining area, cabinets, ceramic tile floor & sliding patio door to an open wdn. deck (no appliances included, although the buyer will receive a $500.00 allowance to replace the dishwasher); full bath w/tub-shower unit; a rear walk door to an entry w/dual access to the upper & basement levels; a basement which could potentially provide additional living space and includes a potential family room w/woodburning fireplace (not in use),a utility room and a partial bath (the basement has underwent some moisture remediation with drainage and waterproofing by American Waterworks Basement Systems of Pine Island MN, the basement includes a Nutone Energy effic. LP gas furnace w/Central AC (installed in 2010), an elec. HW heater and a 100 amp breaker elec. service; the exterior of the home has updated asphalt shingles & permanent metal siding – numerous updates were made to the home between 2008 & 2010. This is an attractive home complemented by some antique lightning rods w/glass balls on the roof of the home.   The LP Tank is leased and “is not” included with the property, although any LP gas remaining in the tank will pass at “no cost” to the buyer. The property is serviced by Big Sioux Community Rural Water.   The septic system is older and is presumed to be non-compliant in accordance with Pipestone County regulations – the cost for replacement and future renovations of the septic system will be the responsibility of the purchaser and renovations must be completed in accordance with the time frame allowed by the county subsequent to transfer of the property.  The personal representative/trustee has no knowledge of any wells on the premises – wells if any, and the required sealing as required by the MN Dept. of Health will be the responsibility of the purchaser.  Other improvements on the property include an unattached dbl. garage w/steel siding & roof and 2 OH doors, a hip-roofed barn with 2 lean-to’s, a 2^nd smaller barn w/steel roof, 2- small shop/stg. bldgs., a galv. steel machine shed w/dirt floor (approx. 28’x80’), a newer metal machine shed w/dirt floor (approx.40’’x56’) – located on the westerly portion of the acreage, as well as 4 metal grain bins and other incidental improvements.

According to a recent survey of this property by Midwest Land Surveying, Inc., this property as a whole consists of a total of 176.42 acres.  According to FSA information it is indicated that this farm as a unit (excluding the farmstead, trees & grassland) has a total of approx. 156.06 acres of cropland with a 77.84 acre corn base with a 126 bu. PLC yield and a 77.16 acre soybean base with a 35 bu. PLC yield and is enrolled in the County ARC election of the USDA farm program.  According to the Pipestone Co. Assessor this parcel has a very high CER of 77.30, comparatively information obtained from Surety Agri Data, Inc. indicates that this farm has an extremely high weighted average productivity index of 95.2, with the cropland comprised predominately of Class I & II soils.  The general topography of this land is level to nearly level with excellent eye appeal!  The cropland acres on this land have been Fall Tilled and the completed tillage will pass at “no cost” to the buyer(s). An added benefit to the buyer is that all of the proposed non-homestead RE taxes payable in 2018 on this property in the projected amount of $6,878.00 will be “paid in full” by the estate.  If you are in the market for an attractive well located acreage, choice farmland or a combination of these attributes then make plans to inspect this property and be in attendance at this auction.  Parcels of land of this caliber seldom come to the market and this land has potential to serve as a terrific addition to an area row crop farming operation or as an investment!

TERMS: Cash – A 10% nonrefundable earnest money payment on sale day on any parcel or parcels, with the balance due and payable on or before May 18, 2018.  Marketable Title will be conveyed and abstracts of title continued to date will be provided to the buyer for examination prior to closing, or in lieu of an abstract and at the option of the seller owner’s title insurance may be provided, with the cost to be divided 50-50 between the buyer and seller.  The attorney’s closing fees will be paid by the estate.  All of the RE taxes payable in 2017 have been paid by the estate, additionally all of RE taxes payable in 2018 on this property in the proposed non-homestead amount of $6,878.00 will be “paid in full” by the estate.  This property is sold in “AS IS” Condition with no contingencies whatsoever 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.  The existing septic system is “in use” and upgrade upon transfer will most likely be required pursuant to current Pipestone County Zoning Regulations, any replacement, renovation and installation of a new septic system or any other updates in accordance with County specifications will be the sole responsibility of the buyer. The personal representative/trustee has no knowledge of any wells on the premises – wells if any, and the required sealing as required by the MN Dept. of Health will be the responsibility of the purchaser.  A property condition disclosure as required by MN law will be provided, although the Pers. Rep. has no knowledge concerning the condition of the premises.  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 cropland acres, yields, bases & other information are estimated and subject to County Committee approval.  This property is sold based on the acres as stated on a recent survey of the property by Midwest Land Surveying, Inc., with the acres understood to be “more or less”.   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 Personal Representative.  For addt’l information contact the auctioneers.

ALLEN DALE PANTEKOEK ESTATE, Owner

Bruce W. Christopherson, Personal Representative – ph. 320-226-1749

Kevin K. Stroup –Stoneberg, Giles & Stroup, PA – Attorney for the Estate & Closing Agent

– Marshall, MN – ph. 507-537-0591

CHUCK SUTTON – Auctioneer & Land Broker – Lic. #59-26 – Sioux Falls, SD – ph. 605-336-6315, Pipestone, MN – ph. 507-825-3389  & Flandreau, SD – ph. 605-997-3777;

DEAN STOLTENBERG – Auctioneer – Lic. #59-38 – Jasper, MN – ph. 507-348-7352

& JARED SUTTON – Auctioneer & RE Broker Associate– Lic. #59-72-

Flandreau, SD – ph. 605-864-8527

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