OWNER
Lutteke Family
AUCTION LOCATION
Wedgewood Cove
2200 West 9th Street, Albert Lea, MN
PROPERTY DESCRIPTION
LandProz is pleased to present the Lutteke Family Farms in Freeborn County, MN. This tillable land will be offered to the public to bid their price via LandProz.com.
Online bidding will open on January 3, 2024. Please contact LandProz Broker & Auctioneer Greg Jensen at 507-383-1067 for more information regarding this property.
Auctioneers Comment: The Lutteke family farms are a wonderful opportunity to add on to your farm or investment in near perfect dirt in Minnesota.
Please contact LandProz Broker & Auctioneer Greg Jensen at 507-383-1067 for more information regarding this property.
TRACT 1
• 75.70 +/- Deeded Acres
• 73.10 +/- Tillable Acres
• 3.98 +/- CRP Acres
• CPI of 94.4
• CRP Payment of $1,186 [expires 2026]
• Corn Base Acres: 68.20
• Tile Maps available
• Buyer will have possession for the 2024 crop year
• Real Estate taxes $3,714 [$545 special assessments]
TRACT 2
• 80 +/- Deeded Acres
• 78.45 +/- Tillable Acres
• CPI of 90.9
• Corn Base Acres: 77.6
• Tile Maps available
• Buyer will have possession for the 2024 crop year
• Real Estate taxes $2,428 [$332 special assessments]
TRACT 3
• 72.61 +/- Deeded Acres
• 67.60 +/- Tillable Acres
• 1.8 +/- CRP Acres
• CPI of 94.4
• CRP Payment of $540 [expires 2032]
• Corn Base Acres: 66.9
• Additional 3 +/- acres of grass land that could be farmed
• Buyer will have possession for the 2024 crop year
• Real Estate taxes $2,732 [$322 special assessments]
TRACT 4
• 35 +/- Deeded Acres
• 33.54 +/- Tillable Acres
• 33.54 +/- CRP Acres
• CPI of 83.6
• CRP Payment of $9,652 [expires 2032]
• Lots of tile
• New outlet
• Buyer will have possession for the 2024 crop year
• Real Estate taxes $1,106 [$298 special assessments]
TERMS
$75,000 [non-refundable] down on tracts 1, 2 & 3, the day of the auction. $25,000 [non-refundable] down on tract 4, the day of the auction. Balance is due at closing, on or before March 1, 2024. There will be a 3% Buyers Premium added to the purchase price. Any statements made the day of the auction take precedence over previous materials. All information provided herein was obtained from sources deemed reliable, but neither the auction company nor the seller guarantee its accuracy.
