Sold Price

$777,709 or $6,833 per acre

Auction Location

TB3's Bar & Grill, 408 Park St, Freeborn, MN

Property Description

Great lakeshore farm on Freeborn lake. Excellent soil with a 91 CPI soil rating. A wonderful opportunity if you are looking for a stellar farm on the lake.

Property Features

• Real estate taxes: $5,630.40

• Total Cropland: 102.2 Acres

• CPI Soil Rating: 91

• Corn Base Acres: 61.5   PLC Yield: 156

• Soybean Base Acres: 9.5   PLC Yield: 38

• CRP Acres: 32.9

• CRP Payment: $11,496 expiring 9-30-31

• Open for 2020 crop year

Auction Terms

$50,000 (non-refundable) down on the day of the sale. Balance due on or about December 30, 2019. Buyer will pay a 2% buyers fee. Possession of the farm will take place as soon as current tenant harvests his fall crops. Any statement made the day of the auction takes precedence over previous material. All information provided herein was obtained from sources deemed reliable, but neither the auction company nor seller guarantee its accuracy.

Auctioneer’s license #24-21