Straw – +/-80 Acres of Sweet Twp., Pipestone Co., MN Land

Live Auction

Categories:     Land

Auction Date:

April 11, 2024 | 10:00 am

Auction Location / Nearest City:

Pipestone, MN, USA

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Auction Description:

Straw – +/-80 Acres of Sweet Twp., Pipestone Co., MN Land
ESTATE LAND AUCTION
Choice +/-80 Acres of Sweet Township Pipestone County Minnesota Land
We will offer this high caliber parcel of land “On Site” at the land – Located from Pipestone, MN – approx. 2 miles west on Hwy. #30 and 1 ½ miles south on 50th Ave. to the NW Corner of the land; from the Cargill Grain Terminal on Hwy.#23 south of Pipestone, MN (Jct. Hwy. #23 & 81st St/Hwy. #4) – approx. 1 ¾ miles west on 81st St. and ¼ mile north on 50th Ave.; or from Flandreau, SD – 3 miles south on Hwy. #13, then approx. 6½ miles east on Hwy. #34 to the SD/MN State Line – then continue approx. 4 ½ miles east on Hwy. MN #30, to 50th Ave., then 1 ½ miles south on 50th Ave.

SALE DATE: THURSDAY APRIL 11, 2024 SALE TIME: 10:00 AM

Click here to view the Auction Brochure: https://www.suttonauction.com/wp-content/uploads/2024/03/Straw-Land-2024-1.pdf


AUCTIONEER’S NOTE: The Heirs of Vergel & Kathryne Straw have made the difficult decision to offer this +/-80 acre farm at public auction, which has been in the Johannsen/Straw Family for over 105 years – with family ownership dating back to 1917, evidencing that this land is situated in an area where land ownership is tightly held and seldom becomes available for sale on the open market. This auction presents the opportunity to purchase a highly productive parcel of land with superb soils and a high percentage tillable, with the non-tillable acres comprised of waterway and road. This land is located in one of the Garden Spots of Southwestern Minnesota. This farm has an excellent location to nearby highway accesses and is within approx. 2 miles of the Cargill Grain Terminal, as well as other nearby grain markets and livestock facilities. If you are in the market for an excellent parcel of Pipestone County MN Land to add to an area row crop farming operation or as an investment, then make plans to inspect this property and be in attendance at this auction!


THIS PROPERTY WILL BE SOLD SUBJECT TO AN EXISTING CASH FARM LEASE WITH THE PURCHASER TO RECEIVE LANDLORD’S POSSESSION FOR THE 2024 CROP YEAR – WITH THE PURCHASER TO RECEIVE A RENTAL CREDIT FROM THE SELLER OF $300.00 PER ACRE FOR A TOTAL RENT CREDIT OF $24,000.00 AT CLOSING. This farm consists of +/-80 acres of Choice High Quality Productive Cropland with Superb Soils. This +/-80-acre parcel of land will be offered as a unit. This farm has attractive eye appeal and has a level to gently rolling topography. According to FSA information this farm is stated to contain 79.92 acres of farmland with 75.53 acres of cropland with a 37.60-acre corn base with a 119 bu. PLC yield and a 37.20-acre soybean base with a 32 bu. PLC yield and is enrolled under the ARC County Election of the USDA farm program for Corn & Soybeans. According to Pipestone County Assessor’s information this farm has a CER of 65, comparatively information obtained from Surety Agri-Data, Inc. indicates this land has an extremely high weighted soil rating of 93.7, with the predominate soils comprised of Class I & II soils. The Non-Homestead RE taxes payable in 2023 were $2,518.00 and the proposed tax amount for taxes payable in 2024 are $2,862.00. The drainage on this property is via existing waterways. This is an excellent parcel of land that would serve as a terrific addition to an area row crop farming operation and/or investment property.


LEGAL DESC.: The N½ SW¼ of Sec. 22, T. 106N., R. 46W., (Sweet Twp.), Pipestone County, MN, containing 80 Acres M/L.
TERMS: Cash – A 10% nonrefundable earnest money payment on the day of the sale and the balance on or before May 30, 2024, with landlord’s possession and the buyer will receive a rent credit for the 2024 crop year of $24,000.00 ($300.00 per acre) from the seller at closing; with full possession subsequent to the harvest of the 2024 standing crops and the existing tenants rights under the 2024 farm lease. Marketable Title will be conveyed and at the option of the seller either an abstract of title continued to date will be provided to the buyer for examination prior to closing, or an owner’s title insurance policy will be provided. The closing agent’s fee (O’Neill & Barduson Law) to be divided 50-50 between buyer & seller. For the RE Taxes payable in 2024, the 1st installment payable in May will be paid by the seller and the 2nd installment payable in October will be the responsibility of the buyer. The sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing, if any, will be the responsibility of the purchaser pursuant to MN statutes. FSA cropland acres, yields, bases & other information are estimated and subject to County Committee approval. This property is being sold based on the acres as stated on the records of the Pipestone County Assessor, with the acres sold being understood to be “more or less”. This property is sold subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all applicable county zoning ordinances. Information contained herein is deemed to be correct, but is not guaranteed. The RE licensees/auctioneers in this transaction stipulate that they are acting as agents for the sellers. Mike Straw, as a beneficiary of this estate will be the future vested owner and he is a licensed MN RE Broker with Pipestone Realty, LLC. Sold subject to confirmation of the owner. To make arrangements for absentee bidding, contact the auctioneers.

THE ESTATE OF KATHRYNE STRAW – Mike Straw, Owner
O’Neill & Barduson Law Firm – Attorney & Closing Agent for the Owners – Pipestone, MN – ph. 507-825-4266
CHUCK SUTTON – Auctioneer & Land Broker – MN Auct. Lic. #59-26 – Sioux Falls, SD – ph. 605-336-6315 or Pipestone Realty, LLC – ph. 507-825-3389
DEAN STOLTENBERG – RE Salesperson & Auctioneer – Lic. #59-38 – Jasper, MN – ph. 507-829-6856
JARED SUTTON, CAI – RE Salesperson & Auctioneer – Lic. #59-72 – Flandreau, SD – ph. 605-864-8527

Straw – +/-80 Acres of Sweet Twp., Pipestone Co., MN Land

Pipestone, MN, USA
Pipestone, MN

Auction Location / Nearest City:

Pipestone, MN, USA

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