137.85± ACRES
Marcia Miller Family Trust
Sterling Township, Blue Earth County, Minnesota
Sealed Bid Auction
Friday, January 24, 2025 @ 10:00 a.m.
Mapleton Community Center
304 2nd Ave NE, Mapleton, MN 56065
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Attorney: Kristin Gunsolus, Jones Law Office, Mankato
See ‘Sealed Bid Information’ page in the back of this brochure for more details. Only registered bidders may attend. Must be registered prior to auction date.
Agent Contact: Chuck Wingert
Phone: 507.381.9790
Email: charles@wingertlandservices.com
DESCRIPTION:
137.85+/- acres in SW1/4 & S1/2 of NW1/4 Section 36 T105N-R27W
(Sterling Township, Blue Earth County, Minnesota)
TAX ID #:
R51.23.36.300.007 (153.19 acres – before split)
REAL ESTATE TAXES:
2024 Estimated Ag Non-Homestead taxes = $7,126.08
Special Assessment – JD #1 1 yr maintenance = $174.79
Total Estimated Tax & Specials = $7,300.87
This parcel is being split from a larger parcel. The Blue Earth County Treasurer will recalculate the taxes after sale.
FSA INFORMATION:
Total Acres = 137.85± acres
FSA Tillable Acres = 137.04± acres
Corn Base Acres = 74.84± acres
Corn ARC County Yield = 156± bushels
Soybean Base Acres = 62.13± acres
Soybean ARC County Yield = 41± bushels
This parcel is being split from a larger parcel. FSA will complete a reconstitution of the bases after the sale.
2024 RENT INFORMATION:
Seller will receive all 2024 rent income and pay all real estate taxes and special assessments due and payable for 2024. Buyer will have possession for the 2025 crop year.
SOIL DESCRIPTION:
Beauford Clay, Lura Silty Clay, Barbert Silt Loam, Shorewood Silty Clay.
See Soil Map.
CPI:
78.4 CPI
TOPOGRAPHY:
Level to slightly rolling.
DRAINAGE:
Outlets: JD #1 and Two 7,000 gal/minute drainage pumps with 8” overflow. Private mains and system tiled. See Tile Map.
NRCS CLASSIFICATION ON TILLABLE ACRES:
PC/NW – Prior Converted/No Wetlands
NHEL – No Highly Erodible Lands
ACCESS EASEMENT:
There is an access easement for pump maintenance. Agreement provided upon request.
TERMS:
Property to be sold on a Contract for Deed. Contract terms will be provided to interested bidders. Can be purchased for cash or for contract for deed.
Soils Map
SEALED BID LOCATION AND TIME:
Mapleton Community Center
304 2nd Ave NE
Mapleton, MN 56065
Friday, January 24, 2025 @ 10:00 a.m.
SEALED BID INSTRUCTIONS:
1.) Only registered bidders may attend. Must be registered prior to the auction date.
All potential buyers shall deliver or mail a sealed bid, postmarked by Tuesday, January 21, 2025 to:
Wingert Land Services
1160 S. Victory Drive, Ste. 6
Mankato, MN 56001
2.) The written bid shall state the total price for total deeded acres.
3.) All persons submitting a written bid will be allowed to raise their bid after all bids have been opened.
4.) The premise described herein will be sold “as is, where is”.
5.) The seller will receive all 2024 cash rent and CRP income and will pay all 2024 real estate taxes and special assessments. The buyer shall receive all the 2025 cash rent and pay all real estate taxes and special assessments for 2025 and beyond. Buyer will have possession after 2024 crops are removed.
6.) The successful bidder or bidders will enter into a Purchase Agreement and shall pay as
earnest money 10% of the successful bid on the day of auction.
7.) A 2% Buyer Premium will be added to the final bid price to arrive at a final contract price.
8.) Property will be sold for cash of contract for deed. Contract for deed terms will be provided upon request.
9.) Cash Option: The entire balance of the purchase price, without interest, will be due and payable on Thursday, February 27, 2025 at which time marketable title shall be conveyed.
10.) Contract for Deed Option: 20% down payment will be due date of closing and a contract for deed will be entered into Thursday, February 27, 2025.
11.) The Seller(s) reserves the right to reject any and all bids and to waive any irregularities in the bidding.
12.) Announcements made the day of the auction take precedence over written material.
13.) Information provided within this brochure is from sources deemed reliable but Wingert Land Services, Inc. makes no guarantee as to its accuracy.
FOR ADDITIONAL INFORMATION CONTACT:
Chuck Wingert
ALC, AUCTIONEER #07-24-12
charles@wingertlandservices.com
507.381.9790