Dane County, WI
251.45 Acres M/L

U.S. Highway 51 |
Stoughton, WI 53589 |
Listing #17381

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Property Info

Description

Dane County, Wisconsin Land Auction – Mark your calendar for Wednesday, March 27th, 2024, at 10:00 a.m. Peoples Company is honored to represent the Oris and Elaine A. Possin Living Trust in the sale of 251.45 surveyed acres of farmland located in eastern Dane County, Wisconsin. The Possin farm has not been available to the public for over 45 years.

This picturesque property is situated 5 miles to the east of Stoughton and 15 miles southeast of Madison, offering a blissful blend of rural living and easy access to local amenities. The location is perfect for those who appreciate the tranquility of country life while still desiring the convenience of nearby shopping centers, restaurants, and entertainment options. The property is located only 1.5 miles away from I-39, making it easily accessible. By car, it takes approximately 20 minutes to reach the charming town of Janesville and just 30 minutes to arrive in downtown Madison. You'll fall in love with this property's scenic views and peaceful surroundings while enjoying the convenience of nearby urban areas.

Located in the desirable community of Stoughton, Wisconsin, adjacent to Coachman's Golf Resort, the property boasts a great mix of secluded timber and cropland acres, making it versatile and allowing for multiple future uses. The new owner(s) will also have the opportunity to build their dream country home and utilize the acreage as farmland, a hobby farm, or for recreational purposes.

The farm includes 165.77± FSA cropland acres carrying an NCCPI rating of 61.3, with the primary soil types being Sable silty clay loam, Marshan silt loam, and Dodge silt loam. The farm features long straight rows, rich soils, and excellent hard-surfaced access to U.S. Highway 51 and Washington Road. Furthermore, the property is surrounded by large blocks of timber that hold and winter a large number of deer, turkeys, and other wildlife, creating numerous recreational opportunities for outdoor enthusiasts.

This is a rare opportunity to own high-quality farmland in South Central Wisconsin, which is a tightly held asset with ownership often transferring from generation to generation. This farm would make a great addition to an existing farming operation, an investment-grade quality land purchase, or a long-term investment for the buyer looking to diversify their portfolio.

This farm is available to be farmed for the 2024 cropping season, and early possession may be granted upon earnest money deposit and a copy of liability insurance. Please reach out to the agents for further details. This is a tremendous opportunity to own a truly unique Dane County farm!

Tract 1: 55.87± Acres with an estimated 47.33 FSA tillable acres carrying an NCCPI rating of 73.9.

Tract 2: 62.65± Acres with an estimated 38.92 FSA tillable acres carrying an NCCPI rating of 74.0.

Tract 3: 83.00± Acres with an estimated 48.12 FSA tillable acres carrying an NCCPI rating of 49.0.

Tract 4: 40.00± Acres with an estimated 27.30 FSA tillable acres carrying an NCCPI rating of 42.1.

Tract 5: 9.93± Surveyed Acres with an estimated 4.93 FSA tillable acres carrying an NCCPI rating of 70.0.

The five tracts will be offered via Public Auction on March 27th, 2024, and will take place at 10:00 a.m. at The American Legion Post 59, 803 N Page Street, Stoughton, WI 53589. The tracts will be sold as five individual tracts using the “Buyers Choice” auction method on a price per acre basis. The high bidder can take, in any order, one or any of the tracts for their high bid. “Buyer’s Choice” auctioning will continue until all five tracts have been purchased and removed from the auction. Tracts will not be offered in their entirety at the conclusion of the auction. This auction can also be viewed through a Virtual Online Auction option, and online bidding will be available.

Legal Description

Part of the SE1/4 SE1/4 of Section 6, Township 5 North, 12. East, Dane County, Wisconsin and Part of the NW1/4; NW1/4; E1/2 NW1/4; Part of the NW1/4 NE1/4; E1/2 NE1/4; SW1/4 NE1/4 of Section of 7, Township 5 North, 12. East, Dane County, Wisconsin. Exact legal to be taken from Title Commitment.

Directions

From Stoughton, Wisconsin: Travel east on U.S. Highway 51 for five miles or 1.5 miles west on U.S. Highway 51 from I-39-90 Exit 156. The property will be on the right (South) and left (North) of the road. Look for the Peoples Company Signs.

Sign On Property: Yes
Parcel Number: 0512-072-8610-5, 0512-072-8501-0, 0512-072-8000-3, 0512-072-9500-6, 0512-071-9560-5, 0512-071-9000-2, 0512-071-8060-2, 0512-071-9500-7, 0512-071-8000-4, 0512-064-9660-3
School District: Stoughton School District
General Area: East of Stoughton
Online Bidding: Yes
Auction Date: Mar 27, 2024
Productivity Index: 61.3
Possession: At Closing
Terms: Cash

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Auction Details

Dane County, Wisconsin Land Auction
251.45± Acres
Wednesday, March 27th, 2024 at 10:00 A.M.

Seller: Oris and Elaine A. Possin Living Trust

Auction Location:

The American Legion – Post 59

803 N Page Street

Stoughton, WI 53589

Title Company:
Preferred Title, LLC
2728 Coho Street
Madison, Wisconsin 53713

Online Bidding: Register to bid at http://peoplescompany.bidwrangler.com/

Agency: Peoples Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction.

Real Estate Taxes: The real estate taxes will be prorated between the Seller and Buyer(s) to the date prior to closing. Taxes are approximated to the best of our knowledge in the marketing material, and the title company shall confirm the final tax amount before closing.

Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order 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. Visit http://peoplescompany.bidwrangler.com/

Financing: The sale of the property is not contingent upon the Buyer obtaining financing. All financing arrangements are to have been made before bid submission. By bidding, the bidder makes a representation that he/she has the present ability to perform at the bid price and will fulfill all obligations within the Real Estate Sale and Purchase Agreement.

Earnest Money Payment: A 10% non-refundable earnest money payment is required on the day of the auction. The earnest money payment may be paid in the form of a check or wire transfer. All funds will be held in the Preferred Title, LLC trust account.

Closing: Closing will occur on or before Wednesday, May 15, 2024. The balance of the purchase price will be payable at closing in the form of a wire transfer. With respect to the timing of the Sellers and successful Buyer(s) in fulfilling their obligations under the Real Estate Purchase Contract, time is of the essence.

Possession: Possession of the land will be given at closing. Early possession may be granted upon deposit of Earnest Money and a copy of liability insurance.

Farm Lease: The farm is available for the 2024 growing season.

Farm Program Information: Farm Program Information is provided by the Dane 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 Dane County FSA and NRCS offices.

Survey: Wisconsin Mapping, LLC has completed a Plat of Survey of the entire farm to determine outside boundary lines. If Tracts 1, 2, 3, or 4 are purchased separately, Sellers will provide a survey at their expense to divide the tracts, if needed, based on the result of the sale.

Vacant Land Disclosure Report: Buyer waives his right to the Vacant Land Disclosure Report under Wis. Stat. §709.02 and further waives his right to rescind under Wis. Stat. §709.05 according to Wis. Stat. §709.08.

Contract & Title: Immediately upon the conclusion of the auction, the high bidder will enter into a real estate sales contract and deposit the required earnest money payment with Preferred Title, LLC. The terms of the signed Real Estate Purchase Contract shall govern the sale and shall supersede all prior negotiations, discussions, representations, or information regarding the sale, including this brochure. The Seller will furnish, at Seller’s expense, a current Title Commitment for an Owner’s Policy in the amount equal to the Total Purchase Price. Buyer will pay the premium for any title insurance policy Buyer chooses to obtain. The Seller agrees to convey marketable title to the property. This sale is not contingent on financing.

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, they 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. This auction is with reserve.

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. The 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 title paperwork.

Location

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Tract 1 - U.S. Highway 51, Stoughton, WI 53589

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Description

Tract One is located along the south side of paved U.S. Highway 51. The tract consists of 55.87± acres with an estimated 47.33± FSA tillable acres. The tillable soils are highly fertile and have an NCCPI soil rating of 73.9. The primary soil types include Dodge silt loam, St. Charles silt loam, and Kidder silt loam. Long straight rows, rich soils, and hard-surfaced access to Washington Road and U.S. Highway 51 make this tract highly desirable for farming. Furthermore, two highly coveted building splits will be transferred with this tract.

Legal Description

Part of the NW1/4 NW1/4; Part of the NE1/4 NW1/4 of Section 7, Township 5 North, 12. East, Dane County, Wisconsin. Exact legal to be taken from Title Commitment.

Details

Acres: 55.87 Acres M/L
Parcel Number: 0512-072-8610-5, part of 0512-072-8501-0, part of 0512-072-8000-3
Net Taxes: $483.00
Productivity Index: 73.9

Directions

From Stoughton, Wisconsin: Travel east on U.S. Highway 51 for five miles. The property will be on the right (south). Look for the Peoples Company Sign “Tract One.”
From 1-39-90 Exit 156: Travel west on U.S. Highway 51 for 1.5 miles. The property will be on the left (south). Look for the Peoples Company Sign "Tract One."

Tract 2 - U.S. Highway 51, Stoughton, WI 53589

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Description

Tract two is situated on the eastern side of paved Washington Road. The tract consists of 62.65± acres with an estimated 38.92± FSA tillable acres. The rich tillable soils boast an NCCPI soil rating of 74.0. The primary soil types include Kidder silt loam, St. Charles silt loam, and Dodge Silt Loam. This tract offers a great deal of privacy with numerous opportunities to build a beautiful country home with a range of recreational activities, making it an ideal property for outdoor enthusiasts. Additionally, two highly coveted building splits will be transferred with this tract.

Legal Description

Part of the NW1/4 NW1/4; Part of the NE1/4 NW1/4; SE1/4 NW1/4 of Section 7, Township 5 North, 12. East, Dane County, Wisconsin. Exact legal to be taken from Title Commitment.

Details

Acres: 62.65 Acres M/L
Parcel Number: 0512-072-9500-6, part of 0512-072-8000-3 and part of 0512-072-8501-0
Net Taxes: $670.00
Productivity Index: 74.0

Directions

From Stoughton, Wisconsin: Travel east on U.S. Highway 51 for five miles. Turn right on Washington Road. The property will be on the left (east). Look for the Peoples Company Sign “Tract Two.”
From 1-39-90 Exit 156: Travel west on U.S. Highway 51 for 1.5 miles. Turn left on Washington Road. The property will be on the left (east). Look for the Peoples Company Sign "Tract Two."

Tract 3 - U.S. Highway 51, Stoughton, WI 53589

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Description

Tract three is located along the south side of paved U.S. Highway 51. The tract consists of 83.00± acres with approximately 48.12± FSA tillable acres. The tillable soils have an NCCPI soil rating of 49.0 with primary soil types including Sable silty clay loam and Marshan silt loam. This tract is perfect for outdoor enthusiasts, as it offers coveted seclusion and various opportunities to build the home of your dreams with multiple recreational activities. One building split will be transferred with this tract.

**If Tract Three sells separately from Tract Four, there will be a shared driveway agreement drafted allowing access to Tract Three with access from the existing driveway on Tract Four**

Legal Description

Part of the NW1/4 NE1/4; Part of the NE1/4 NE1/4; SW1/4 NE1/4; Part of the SE1/4 NE1/4 of Section 7, Township 5 North, 12. East, Dane County, Wisconsin. Exact legal to be taken from Title Commitment.

Details

Acres: 83.00 Acres M/L
Parcel Number: 0512-071-9560-5, 0512-071-9000-2, and 0512-071-8060-2
Net Taxes: $1,189.00
Productivity Index: 49.0

Directions

From Stoughton, Wisconsin: Travel east on U.S. Highway 51 for five miles. The property will be on the right (south). Look for the Peoples Company Sign “Tract Three.”
From 1-39-90 Exit 156: Travel west on U.S. Highway 51 for 1.5 miles. The property will be on the left (south). Look for the Peoples Company Sign "Tract Three."

Tract 4 - U.S. Highway 51, Stoughton, WI 53589

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Description

Tract four is located along the south side of U.S. Highway 51 adjacent to Coachman’s Golf Resort. The tract consists of 40.00± acres with an estimated 27.30± FSA tillable acres. The tillable soils have an NCCPI soil rating of 42.1. The primary soil types include Marshan silt loam, Wacousta silty clay loam, and Sable silty clay loam. This tract features straight rows, rich soils, and convenient access to U.S. Highway 51. It is an ideal spot for nature enthusiasts, who can enjoy the privacy and various recreational opportunities available on this tract. One building split will be transferred with this tract.

**If Tract Three sells separately from Tract Four, there will be a shared driveway agreement drafted allowing access to Tract Three with access from the existing driveway on Tract Four**

Legal Description

Part of the NE1/4 NE1/4; Part of the SE1/4 NE1/4 of Section 7, Township 5 North, 12. East, Dane County, Wisconsin. Exact legal to be taken from Title Commitment.

Details

Acres: 40.00 Acres M/L
Parcel Number: 0512-071-8000-4 and 0512-071-9500-7
Net Taxes: $545.00
Productivity Index: 42.1

Directions

From Stoughton, Wisconsin: Travel east on U.S. Highway 51 for five miles. The property will be on the right (south). Look for the Peoples Company Sign “Tract Four.”
From 1-39-90 Exit 156: Travel west on U.S. Highway 51 for 1.5 miles. The property will be on the left (south). Look for the Peoples Company Sign "Tract Four."

Tract 5 - U.S. Highway 51, Stoughton, WI 53589

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Description

Tract five is located along the north side of U.S. Highway 51. The tract consists of 9.93 surveyed acres with an estimated 4.93± FSA tillable acres. The tillable acres boast an NCCPI soil rating of 70.0. The primary soil types include Sable silty clay loam and Wacousta silty clay loam. This tract is an excellent location to build a home on a small acreage with easy access to U.S. Highway 51. One highly coveted building split will be transferred with this tract.

Legal Description

Part of the SW1/4 SE1/4; Part of the SE1/4 SE1/4 of Section 6, Township 5 North, 12. East, Dane County, Wisconsin. Exact legal to be taken from Title Commitment.

Details

Acres: 9.93 Acres M/L
Parcel Number: 0512-064-9660-3
Net Taxes: $84.00
Productivity Index: 70.0

Directions

From Stoughton, Wisconsin: Travel east on U.S. Highway 51 for five miles. The property will be on the left (north). Look for the Peoples Company Sign “Tract Five.”
From I-39-90 Exit 156: Travel west on U.S. Highway 51 for 1.5 miles. The property will be on the right (north). Look for the Peoples Company Sign "Tract Five."