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Barnes County, ND
706.86 Acres M/L

36th Street SE & 35th Street SE
Valley City, ND 58072

Price	Click to Bid Online
Listing	#17286

LAND AGENT

Lindsey Brown

Office: 515.222.1347
Mobile: 701.371.5538
Lindsey@PeoplesCompany.com

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PRESIDENT

Steve Bruere

Office: 515.222.1347
Steve@PeoplesCompany.com

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Property Info

Description

Barnes County, North Dakota Farmland Auction - Mark your calendar for Friday, February 9th, 2024, at 10:00 AM! Peoples Company is pleased to represent Gassmann Bowman Farms in the sale of 706.86 gross acres m/l of Barnes County, North Dakota farmland. Located directly southeast of Valley City, North Dakota, the farm will be offered as four tracts through the "Buyer Choice" Auction Method with a combined total of 641.82 FSA tillable acres carrying an overall Productivity Index of 70.5. The primary soil types consist of Barnes-Svea loams and the Colvin-Borup complex which offers productive cropland suitable for any farming operation or investment-grade portfolio. The farm is leased for the 2024 cropping season and the Buyer/s will be credited the cash rent payment on each respective tract at Closing. The property is being offered in four tracts consisting of:

Tract 1: 232.36 acres m/l with an estimated 184.95 FSA tillable acres carrying a Productivity Index of 81.4.
Tract 2: 160 acres m/l with 156.20 FSA tillable acres carrying a Productivity Index of 67.9.
Tract 3: 160 acres m/l with an estimated 157.92 FSA tillable acres carrying a Productivity Index of 60.5.
Tract 4: 154.50 acres m/l with an estimated 142.75 FSA tillable acres carrying a Productivity Index of 70.3.

These tracts will be offered via a live Public Auction that will take place at 10:00 AM on Friday, February 9th, 2023, at The Reserve at Woodland, 3471 Woodland Park, Valley City, North Dakota. The land will be sold as four individual tracts using the "Buyer’s Choice" auction method on a price per acre basis and the high bidder can take, in any order, one or multiple tracts for their high bid. "Buyer's Choice" auctioning will continue until all four tracts have been purchased and removed from the auction. Tracts will not be offered in their entirety after the auction. This auction can also be viewed through the Peoples Company mobile bidding app and online bidding will be available.

Directions

From Valley City, North Dakota: Take U.S. Highway 52 to Exit 294 turn right (south) to 34th Street SE, and continue for 0.50 miles to 118th Avenue SE. Turn left (south) and proceed for 0.75 miles to the intersection of 118th Avenue SE & 35th Street SE. Depending upon the tract, continue with the below directions:

For Tracts #1 & #2 - Continue south for 1 mile from the intersection on 118th Avenue SE to where the road turns into 36th Street SE. Tract #1 will be found on the south side of the road and look for the Peoples Company sign. Continue for an additional 0.5 miles on 36th Street SE to the southwest corner of Tract #2. There is a small driveway off of 36th Street SE/119th Avenue SE into the farm. Look for the Peoples Company sign.

For Tracts #3 & #4 - Continue east from the intersection on 35th Street SE for 1 mile to the northwest corner of Tract #3. The property will be on the south side of the road. Continue east for another 0.50 miles to Tract #4. The farm will be on the south side of the road. Look for the Peoples Company signs.

Sign On Property: Yes
Parcel Number: 20-0220200; 20-0230300; 41-3630300; 41-3620200; 41-3610100
General Area: Southeast of Valley City, North Dakota
Net Taxes: $8,882.00
Soil Productivity: 70.50
Zoning: Agricultural

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Tracts

Tract 1 - 36th Street SE, Valley City, ND 58072

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Description

Tract 1 consists of 232.36 acres m/l with an estimated 184.95 FSA tillable acres carrying a high Productivity Index of 81.4. The primary soil types on this high-quality tract include Barnes-Svea loams and Barnes-Sioux complex suitable for any farming operation or investment-grade portfolio. The farm is leased for the 2024 cropping season and the Buyer will be credited $18,495 at Closing.

Additionally, there is a hearty grove of trees on the northern property boundary along 36th Street SE. A survey will be completed on the small acreage site located on the northeast corner of Tract #1 and the farmland tract acres are subject to change after the survey has been completed but before the auction. No additional surveying or staking will be completed by the Seller. The driveway entrance into the tract is located on the northwest corner off of 36th Street SE. This southwesternmost tract in the portfolio is located on the south side of 36th Street SE within Section 2 of Marsh Township, Barnes County, North Dakota.

Legal Description

The Northwest Quarter (NW 1/4) of Section Two (2) AND the North Half (N 1/2) of the Southwest Quarter (SW 1/4) of Section Two (2), Township One-hundred Thirty-nine (139) North, Range Fifty-eight (58) West of the 5th P.M., Barnes County, North Dakota. Exact legal description to be taken from Title Commitment.

Details

Acres: 232.36 Acres M/L
Parcel Number: 20-0220200; 20-0230300
Net Taxes: $2,961.00
Soil Productivity: 81.3

Directions

From Valley City, North Dakota: Take U.S. Highway 52 to Exit 294 turn right (south) to 34th Street SE, and continue for 0.50 miles to 118th Avenue SE. Turn left (south) and proceed for 0.75 miles to the intersection of 118th Avenue SE & 35th Street SE. Continue south for 1 mile from the intersection on 118th Avenue SE to where the road turns into 36th Street SE. Tract #1 will be found on the south side of the road and look for the Peoples Company sign.

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Tract 2 - 36th Street SE & 119th Avenue SE, Valley City, ND 58072

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Description

Tract 2 consists of 160 acres m/l with 156.20 FSA tillable acres carrying a Productivity Index of 67.9. The primary soil types consist of Bearden silty clay loam, Colvin-Borup complex, and Barnes-Svea loams. The farm is leased for the 2024 cropping season and the Buyer will be credited $15,620 at Closing.

The driveway entrance into the farm is located on the southwest corner near 119th Avenue SE & 36th Street SE. This tract is located immediately northeast of 36th Street SE & 119th Avenue SE within the southwest quarter of Section 36 in Valley Township, Barnes County, North Dakota.

Legal Description

The Southwest Quarter (SW 1/4) of Section Thirty-six (36), Township One-hundred Forty (140) North, Range Fifty-eight (58) West of the 5th P.M., Barnes County, North Dakota. Exact legal description to be taken from Title Commitment.

Details

Acres: 160.00 Acres M/L
Parcel Number: 41-3630300
Net Taxes: $2,073.00
Soil Productivity: 67.9

Directions

From Valley City, North Dakota: Take U.S. Highway 52 to Exit 294 turn right (south) to 34th Street SE, and continue for 0.50 miles to 118th Avenue SE. Turn left (south) and proceed for 0.75 miles to the intersection of 118th Avenue SE & 35th Street SE. Continue south for 1 mile from the intersection on 118th Avenue SE to where the road turns into 36th Street SE and continue east for 1 mile to the southwest corner of Tract #2. There is a small driveway off of 36th Street SE/119th Avenue SE into the farm. Look for the Peoples Company sign.

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Tract 3 - 35th Street SE, Valley City, ND 58072

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Description

Tract 3 consists of 160 acres m/l with an estimated 157.92 FSA tillable acres carrying a Productivity Index of 60.5. Primary soil types consist of Colvin-Borup complex, Overly-Nahon silt loams, Colvin silty clay loams, and Gardena-Glyndon loams. The farm is leased for the 2024 cropping season and the Buyer will be credited $15,792 at Closing.

The driveway entrance into the tract is located on the northwest corner of the farm off 35th Street SE. This tract is located along the south side of 35th Street SE in the northwest quarter of Section 36, Valley Township, Barnes County, North Dakota.

Legal Description

The Northwest Quarter (NW 1/4) of Section Thirty-six (36), Township One-hundred Forty (140) North, Range Fifty-eight (58) West of the 5th P.M., Barnes County, North Dakota. Exact legal description to be taken from Title Commitment.

Details

Acres: 160.00 Acres M/L
Parcel Number: 41-3620200
Net Taxes: $1,889.00
Soil Productivity: 60.5

Directions

From Valley City, North Dakota: Take U.S. Highway 52 to Exit 294 turn right (south) to 34th Street SE and continue for 0.50 miles to 118th Avenue SE. Turn left (south) and proceed for 0.75 miles to the intersection of 118th Avenue SE & 35th Street SE. Continue east from the intersection on 35th Street SE for 1 mile to the northwest corner of Tract #3. The property will be on the south side of the road and look for the Peoples Company sign.

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Tract 4 - 35th Street SE & 120th Avenue SE, Valley City, ND 58072

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Description

Tract 4 consists of 154.50 acres m/l with an estimated 142.75 FSA tillable acres carrying a Productivity Index of 70.3. Primary soil types consist of Gardena-Glyndon loams, Gardena-Zell loams, Glyndon loams, and Colvin silty clay loams. The farm is leased for the 2024 cropping season and the Buyer will be credited $14,275 at Closing.

There are two driveway entrances into this tract, located on the northwest corner off of 35th Street SE and the southeast corner of the property off of 120th Avenue SE. There was an original homestead on the southern portion of the farm, but the current property is sold in "As-Is, Where Is" condition. The tract is located directly southwest of the intersection of 35th Street SE & 120th Avenue SE in the northeast quarter of Section 36 of Valley Township, Barnes County, North Dakota.

Legal Description

The Northeast Quarter (NE 1/4) of Section Thirty-six (36), Township One-hundred Forty (140) North, Range Fifty-eight (58) West of the 5th P.M., Barnes County, North Dakota. Exact legal description to be taken from Title Commitment.

Details

Acres: 154.50 Acres M/L
Parcel Number: 41-3610100
Net Taxes: $1,959.00
Soil Productivity: 70.3

Directions

From Valley City, North Dakota: Take U.S. Highway 52 to Exit 294 turn right (south) to 34th Street SE, and continue for 0.50 miles to 118th Avenue SE. Turn left (south) and proceed for 0.75 miles to the intersection of 118th Avenue SE & 35th Street SE. Continue east from the intersection on 35th Street SE for 1.50 miles. Tract #4 is located on the south side of the road and look for the Peoples Company sign.

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Auction Details & Terms

Auction Location Map

Barnes County, North Dakota Land Auction
706.86 Acres M/L (Offered in four tracts)
Friday, February 9th, 2024 at 10:00 AM

Auction Location:
The Reserve At Woodland
3471 Woodland Park
Valley City, North Dakota 58072

Seller: Gassmann Bowman Farms LLLP

Auction Method: The four tracts will be offered via Public Auction and will take place at 10:00 AM at The Reserve At Woodland, 3471 Woodland Park, Valley City, North Dakota 58072. The four farmland tracts will be sold per-acre basis and offered through the "Buyer's Choice Auction Method", whereas the winning bidder may elect to take one, two, three, or all of the tracts for their high bid. The "Buyer's Choice Auction Method" auctioning will continue until all four farmland tracts have been purchased and removed from the auction. Tracts will not be offered in their entirety after the auction. This auction can also be viewed through a Virtual Online Auction option and online bidding will be available.

Tract 1: 232.36 Acres M/L
Tract 2: 160 Acres M/L
Tract 3: 160 Acres M/L
Tract 4: 154.50 Acres M/L

Online Bidding: Register to bid at http://peoplescompany.bidwrangler.com/. Potential bidders may have access to the live auction by utilizing Peoples Company's online auction platform via the Internet. By using Peoples Company's online auction platform, bidders acknowledge that the Internet is known to be unpredictable in performance and may, from time to time, impede access, become inoperative, or provide a slow connection to the online auction platform. Bidders agree that Peoples Company nor its affiliates, members, officers, shareholders, agents, or contractors are, in any way, responsible for any interference or connectivity issues the bidder may experience when utilizing the online auction platform.

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number to bid at the auction. Peoples Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction.

Financing: The buyer's obligation to purchase the Real Estate is unconditional and is not contingent upon the Buyer obtaining financing. All financial arrangements are to have been made before bidding at the auction. By the mere act of bidding, the bidder makes the representation and warrants that the bidder has the present ability to pay the bid price and fulfill the Contract.

Farm Program Information: Farm Program Information is provided by the Barnes County Farm Service Agency. 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 Barnes County FSA and NRCS offices.

Earnest Money Payment: A 10% earnest payment is required on the auction day. The earnest money payment may be paid in the form of cash or check. All funds will be held in the The Title Company Trust Account.

Real Estate Taxes: The new Buyer/s will be responsible for all of the 2024 total real estate taxes.

Survey: A survey will be completed by the Seller on the small acreage site located on the northeast corner of Tract #1 and the farmland tract acres are subject to change after the survey has been completed, but before the auction. No additional surveying or staking will be completed by the Seller. Contact the Listing Agents for additional details.

Closing: Closing will occur on or before Friday, March 22nd, 2024. The balance of the purchase price will be payable at closing in the form of cash, guaranteed checks, or wire transfers.

Possession: Possession of the land will be given at Closing, Subject to Tenant's Rights.

Farm Lease: The farm is leased for the 2024 crop season. The entire 2024 cash rent per tillable acres will be credited to the Buyer for the tillable acres on each respective tract at the time of Closing.

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

Mineral Rights: A mineral title opinion will not be obtained or provided, and there will be no guarantee as to the ownership of the mineral interests on all tracts. Seller will convey 100% of whatever mineral rights are owned by the Seller without warranty.

Fences: Existing fences, if any, are in as-is condition and will not be updated or replaced by the Sellers. Not all tract and boundary lines are fenced and if needed, will be the responsibility of the Buyer at closing. Existing fence lines may not fall directly on the legal boundary.

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. The winning bidder acknowledges that they are representing themselves in completing the auction sales transaction. Any announcements made on auction day by the Auctioneer or Listing Agents will take precedence over all previous marketing material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final. Potential bidders may have access to the live auction by utilizing Peoples Company's online auction platform via the Internet. By using Peoples Company's online auction platform, bidders acknowledge that the Internet is known to be unpredictable in performance and may, from time to time, impede access, become inoperative, or provide a slow connection to the online auction platform. Bidders agree that Peoples Company nor its affiliates, members, officers, shareholders, agents, or contractors are, in any way, responsible for any interference or connectivity issues the bidder may experience when utilizing the online auction platform.

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 investigation of the property before 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 the Abstract.