Kossuth County, IA
Faribault County, MN

510th Street, Lakota, IA & 10th Street, Elmore, MN

258.78 Acres M/L
AUCTION

Listing #14877

Bid Now!

PROPERTY INFO

Description

The Sansgard Family Land Auction consisting of 258.78 surveyed acres will still be taking place on Friday, April 3, however bidding for this auction will take place through ONLINE BIDDING ONLY. There will be a group of licensed Peoples Company agents available to work with Bidders and help facilitate placing a bid. Please contact Travis Smock at 319.361.8089 or by email at Travis@PeoplesCompany.com with any questions about the auction or how to bid on this property.

Peoples Company is pleased to be representing the Sansgard Family in the sale of their Kossuth County, Iowa and Faribault County, Minnesota farmland! The property consists of a total of 258.78 acres m/l and will be sold as two individual tracts via Online Only Auction, with bidding ending on Friday, April 3rd at 11:00AM. These are two high quality tracts situated along the Iowa-Minnesota border and located just east of Elmore, MN.

 

Legal Description

Tract 1: The northeast quarter (NE1/4) of section eight (8), township one hundred (100) north, of range twenty-seven (27), west of the fifth principal meridian, Kossuth County, Iowa. Exact Legal Description to be taken from Abstract.

Tract 2: Located in the southwest quarter (SW1/4) of section thirty-five (35), township one hundred-one (101) north, of range twenty-seven (27), west of the fifth principal meridian, Faribault County, Minnesota. Exact Legal Description to be taken from Abstract.

Farm Details

Tract 1:
FSA Cropland Acres: 103.44
Corn Base Acres: 54.7 with a PLC Yield of 179
Soybean Base Acres: 46.7 with a PLC Yield of 46
Total Base Acres: 103.4

Tract 2:
Est. FSA Cropland Acres: 151.43
Est. Corn Base Acres: 79.8 with a PLC Yield of 179
Est. Soybean Base Acres: 71.6 with a PLC Yield of 46
Est. Base Acres: 151.4

  • Sign On Property: Yes
  • MLS Number: 599906
  • Parcel Number: Tract 1: 04-08-200-001, 04-08-200-002, 04-08-200-003, 04-08-200-004 Tract 2: 070350301
  • School District: Blue Earth & North Iowa School Districts
  • General Area: East of Elmore, MN
  • Online Bidding: Yes
  • Auction Date: Apr 3, 2020
  • CSR2: 82.60
  • Possession: Immediate. Ask Agent for details.
  • Terms: Cash, Conventional

Directions

From Elmore, MN: Travel South on US Highway 169 to State Line Road on the south edge of town. Travel east on State Line Road for 1.5 miles. Tract 1 will be located on the south side of the road. Travel east for an additional 0.5 mile and Tract 2 will be located on the north side of the road.


Bid Online

Auction Details

Kossuth County, IA & Faribault County, MN ONLINE Land Auction
258.78 Acres M/L
Offered in Two Separate Tracts
Bidding is Live and will end Friday, April 3rd, 2020 at 11:00 AM
 

Auction Method: Tracts will be offered separately via ONLINE AUCTION BIDDING and sold on a price per acre basis. Tracts will not be offered in their entirety at the conclusion of the auction.

Farm Program Information: Farm Program Information is provided by the Kossuth & Faribault County Farm Service Agencies. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc. are subject to change when the farm is reconstituted by the Kossuth & Faribault County FSA and NRCS offices.

Earnest Money Payment: A 10% earnest money payment is required within two business days after the auction close. The earnest money payment may be paid in the form of cash or check. All funds will be held in Peoples Company’s Trust Account.

Closing: Closing will occur on or about Friday, May 15th, 2020. The balance of the purchase price will be payable at closing in the form of cash, guaranteed check, or wire transfer.

Possession: Possession of the farm will be offered immediately once the 10% earnest deposit has been made and proof of liability insurance is provided to Peoples Company.

Farm Lease: The current farm lease has been terminated. Farm will be open for the 2020 season. 

Contract & Title: Immediately upon conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit with Peoples Company the required earnest money payment. The Seller will provide a current abstract at their expense. Sale is not contingent upon Buyer financing.

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction.

Other:  All prospective bidders must register with Peoples Company through BidWrangler or directly with the Listing Agent in order to bid on the auction.
Other: This sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold on an “As is – Where is” basis with no warranties, expressed or implied, made by the Auctioneer, Peoples Company, or Seller. All bids will be on a per acre basis. Peoples Company and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made auction day by the Listing Agents or changes on the bidding app will take precedence over all previous marketing material or oral statements. Bidding increments are at the sole discretion of Peoples Company. No absentee or phone bids will be accepted at the auction without prior approval of the Listing Agent. All decisions of the Listing Agent are final.A bid placed within 3 minutes of the scheduled close of the auction will extend bidding by 3 minutes until all bidding is completed. Under no circumstances shall Bidder have any kind of claim against Peoples Company or its affiliates if the Internet service fails to work correctly before or during the auction. 

Disclaimer: All field boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall tract acres, tillable acres, etc. may vary from figures stated within the marketing material. Buyer should perform his/her own investigation of the property prior to bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from abstract.  

Location


Tract 1 - 510th Street / 210th Avenue, Lakota, IA 50451

Sold
Description

Tract 1 will be sold as 106.78 acres m/l and consists of 103.44 FSA tillable acres with a weighted CSR2 value of 82.6. Primary soil types include highly productive Kossuth, Nicollet and Canisteo Loams. This tract has private and county tile. See attached tile map. The current farm lease has been terminated and the farming rights are available for the upcoming 2020 season with early possession allowed immediately after the auction. Ask Agent for details. This property is located along the Iowa-Minnesota boarder in Section 8 of Hebron Township, Kossuth County and on the southwest corner of the intersection of 510th Street and 210th Avenue.

Legal Description

The northeast quarter (NE1/4) of section eight (8), township one hundred (100) north, of range twenty-seven (27), west of the fifth principal meridian, Kossuth County, Iowa. Exact Legal Description to be taken from Abstract.

Details
  • Acres: 106.78 Acres M/L
  • Parcel Number: 04-08-200-001, 04-08-200-002, 04-08-200-003, 04-08-200-004
  • School District: North Iowa Community School District
  • Net Taxes: $2,598.00
  • CSR2: 82.60

Directions

From Elmore, MN: Travel South on US Highway 169 to State Line Road on the south edge of town. Travel east on State Line Road for 1.5 miles. Tract 1 will be located on the south side of the road.


Description

Tract 2 will be sold as 152 acres m/l and consists of 151.43 estimated tillable acres m/l with a weighted Productivity Index value of 88.7. Primary soil types include highly productive Brownton, Spicer and Kingston Loams. This tract has private and county tile. See attached tile map. The current farm lease has been terminated and the farming rights are available for the upcoming 2020 season with early possession allowed immediately after the auction. Ask Agent for details. This property is located along the Iowa-Minnesota boarder in Section 35 of Elmore Township, Faribault County, Minnesota and on the north side of 10th Street.

Legal Description

Located in the southwest quarter (SE1/4) of section thirty-five (35), township one hundred-one (101) north, of range twenty-seven (27), west of the fifth principal meridian, Faribault County, Minnesota. Exact Legal Description to be taken from Abstract.

Details
  • Acres: 152.00 Acres M/L
  • Parcel Number: 070350301
  • School District: Blue Earth Community School District
  • Net Taxes: $2,967.00
  • Productivity Index: 88.7

Directions

From Elmore, MN: Travel South on US Highway 169 to State Line Road on the south edge of town. Travel east on State Line Road for 2 miles. Tract 2 will be located on the north side of the road.


INTERACTIVE MAP

Use the Interactive Map to explore the property's regional location. Zoom in and out to see the property's surroundings and toggle various mapping layers on and off in the Map Layer Menu.

DRONE VIDEO

Click the “play” button below to watch an aerial drone video of this property.

PHOTOS

Tract 1 Photos

Tract 2 Photos