434 Acres - 3 Tracts Emmet County, IA & Jackson County, MN - Emmet & Petersburg Townships

Sold

434 Acres - 3 Tracts Emmet County, IA & Jackson County, MN - Emmet & Petersburg Townships

SOLD

Selling Price: Tract 1: $3,600 per acre, Tract 2: $3,100 per acre, Tract 3: $2,600 per acre

Sale Date: Wednesday, August 29, 2018 10:00 AM

Sale Location: Elks Lodge, 3665 Highway 9, Estherville, Iowa

Documents and Maps

Description

Attention cattlemen, outdoorsman & land buyers, these properties offer so much opportunity they are a “must see.”  Tract 1 offers the perfect location to build your dream home on a private pond surrounded by bountiful space for recreation. Tracts 2 & 3 offer opportunities for agricultural production, recreational hunting & fishing, or to mine sand and gravel.  Tracts are ideally located ½ mile west of a hard-surfaced road. Opportunities to buy properties like these rarely become available.    

 

Property Location

6 miles north of Estherville, Iowa on N26 and ½ mile west on 100th Street.

Legal Description

Tract 1 Legal Description: Part of the Northeast Quarter (Pt. NE¼) of Section Eight (8), Township One Hundred (100) North, Range Thirty-four (34) West of the 5th P.M., Emmet County, Iowa. Final acres and boundaries to be surveyed prior to sale. Exact legal to be taken from survey. 

Tract 2 Legal Description: The East Fractional Half (E. Fr 1/2) of Section Eight (8), Township One Hundred (100) North, Range Thirty-four (34) West of the 5th P.M., Emmet County, Iowa except for 40 acre tract in the Northeast Quarter.

Tract 3 Legal Description: The Southwest Quarter (SW¼) of Section Thirty-five (35), Township One Hundred One (101) North, Range Thirty-four (34) West of the 5th P.M., Jackson County, MN.

 

 

 

 

FSA Information

Tract 1 & 2 Combined Cropland Acres: 146.42 acres   
Tract 2 CRP Information: 16.8 acres, $2,822 annual contract payment, contract expires 9/30/2022

Tract 3 Cropland Acres: 150.79
Tract 3 CRP Information: 30.18 acres, $6,898 annual contract payment, contract expires 9/30/2024

 

Surety/Agridata Avg

Combined Surety/Agridata Avg. CSR2 for Tract 1 & 2: 51.6
Combined Surety/Agridata Avg. CSR1 for Tract 1 & 2: 45.6

Tract 3 Productivity Index: 80.3

Real Estate Taxes

Tract 1: $740 est.
Tract 2: $2,856 est.
Tract 3: $$3,790

Method of Sale

Successful bidder will have choie of Tract 1, Tract 2 and/or Tract 3.

Terms

10% earnest money down day of sale. Balance due at closing on or before November 1, 2018. Real estate taxes to be prorated to December 31, 2018. Tract 1 to be surveyed prior to the auction. Seller to retain 100% of 2018 CRP payments. Buyer to receive 100% of 2019 CRP payments. Buyers agree to assume any existing CRP contracts. All final bids are subject to seller approval.

Listing Agent

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