Peoples Company and RE/MAX Now are honored to represent Peter Schaeffer in the sale of 158 acres m/l in Morton County, ND just north of Solen, ND! This is a great opportunity to add 158 acres of farmland to your ranching and farming operation or investment portfolio. The tract consists of 115.39 acres m/l of cropland, that has a productivity index of 56.5. The soils that make up the cropland are primarily Virgelle complex and Belfield-Daglum complex. There is also 20.78 acres m/l of pasture or grassland that dips into the cropland from the northern border of the property. The remaining 21.83 acres m/l along the western border are a mixture of tree rows and grassland that may provide cover for game birds and deer.
This land will be sold as one tract via an ONLINE-ONLY AUCTION. The online auction will open for bids on Friday, June 14th, 2024, at 8:00 A.M. (CST) and bidding will close on Wednesday, June 19th, 2024, at 1:00 P.M. (CST).
The land is under a cash rent contract for the 2024 crop year. The cash rent will be split 50/50 between the buyer and seller. The 2024 real estate taxes will also be split 50/50 between the buyer and seller.
The buyer will receive 50% of the 2024 cash rent or $5,437.50 as a credit at closing. The seller has been receiving $75 cash rent on 132 crop acres and $37.50 on 26 acres of pastureland for a total rent amount of $10,875.
How to Bid Open up the Peoples Company auction you are interested in at PeoplesCompany.com. Click on any of the BID NOW icons within that auction. This will take you to our Online Bidding platform. Find the auction you wish to participate in and select it. To participate in that auction click REGISTER TO BID. From there you will need to create a bidder account. Once that is created you can bid on any of our Online Auctions.
Contact: Lindsey Brown with Peoples Company at 701-371-5538 / Lindsey@PeoplesCompany.com or James Jensen with RE/MAX Now at 701-730-0104 / James@NowRealtyND.com.
Legal Description
SW1/4 of 19-134-80 less 2 acres in Morton County, ND (158 acres). The exact legal description will be taken from the Survey, Abstract, or Title Work.
Directions
From Solen, ND at the intersection of Highway 24 and County Road 81 (Rice Street), drive north on County Road 81 (Rice Street) for 1 mile to 70th Street, turn right on 70th Street, and drive east for 200 yards. This will put you at the SW corner of the property.
Sign On Property: Yes
Parcel Number: 03-0083000
School District: Flasher
General Area: Solen, ND
Net Taxes: $642.33
Online Bidding: Yes
Auction Date: June 19, 2024
Productivity Index: 56.5
Possession: After the crop is harvested - per cash rent agreement.
Terms: Cash or Conventional
Features
115.39 acres m/l of cropland and 20.78 acres of grassland or pasture and 21 acres m/l of tree rows with grass.
Additional Info
The buyer will receive half of the 2024 cash rent and will be required to pay half of the 2024 real estate taxes. The buyer will receive 50% of the 2024 cash rent or $5,437.50 as a credit at closing.
Morton County, North Dakota - Online Only Auction 158 Acres M/L Bidding ends: Wednesday, June 19th, 2024 at 1:00 P.M. (CST) Sellers: Peter Schaeffer
Online Bidding: Register to bid at http://peoplescompany.bidwrangler.com/. Potential bidders will be accessing this auction online 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.
Offering Morton County, North Dakota farmland through an ONLINE ONLY auction where all bidding must be done online through Peoples Company's bidding application. Bidding will go live on Friday, June 14th, 2024 at 8:00 A.M. and will remain open until Wednesday, June 19th, 2024 at 1:00 PM Central Time Zone (CST) with closing taking place on or before July 31st, 2024. A bid placed within 3 minutes of the scheduled close of the auction will extend bidding by 3 minutes until all the bidding is completed. If you plan to bid, please register 24 hours prior to the close of the auction. 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.
Co-Broker: Co-Broker must register the client 24 hours prior to the Auction date by filling out our Broker Registration Form.
Earnest Money Payment & Possession: A 10% earnest money payment is required upon the conclusion 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 Title Team's Trust Account.
Closing: Closing will occur on or about July 31st, 2024. The balance of the purchase price will be payable at closing in the form of cash, guaranteed checks, or wire transfers.
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 Team the required earnest money payment. The Seller will provide a current abstract at their expense. The 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: 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. Seller reserves the right to accept or reject any and all bids. Peoples Company and its representatives are agents of the Seller. Winning bidder acknowledges that they are representing themselves in completing the auction sales transaction.
Disclaimer: All property boundaries are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall property characteristics 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.
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