407 ACRES OF MOWER COUNTY
Sellers: Helen Jahr & James Silbaugh
Auction Date: Tuesday, September 19th, 2023
Auction Start Time: 10:00 a.m.
Location: Lyle American Legion –
112 Grove St Lyle, MN 55953
No Buyer’s Premium
Parcel #1 – 182.83 Total Acres – 179.25 Tillable – 85.6 CPI
Located in Lyle Township, Section 13, Township 101, Range 018
W 1/2 NE 1/4; NW 1/4 NW 1/4; E 1/2 NW 1/4
Exc E190FT N510FT W1/2NE 1/4 & Exc N 880 FT E740FT W2240 N1/2 NW1/4
Partial tile system installed.
This parcel has a great location and access. Has a great CPI Rating and is a parcel size that would make a great addition to any farm operation.
Parcel #2 – 56.96 Total Acres – 38.55 Tillable Acres – CPI 84.8
Located in Lyle Township, Section 12, Township 101, Range 018, W1/2 NW1/4 Exc N759.92 FT
This parcel has great access with an 84.8 CPR Rating. This parcel size will accommodate many potential buyers with 15 acres of recreational land and has given good return on the high-quality tillable acres.
Parcel #3 – 107.07 Total Surveyed Acres – CPI 66.1
Located in Lyle Township, Section 16 & 21, Township 101, Range 018.
This parcel lays along 525th Ave and has great access.
Parcel #4 – 60.16 Total Surveyed Acres
This parcel is located along the Cedar River. Has great recreational potential for hunting, camping & canoeing. The property has diverse species of trees with a abundance of large, mature Black Walnut trees for potential income. The property contains a 66ft easement to give the potential buyer great year-round access.
The Terms & Conditions of Sale:
The information set forth is believed to be accurate. However, the owner of the properties and Hamilton Auction Company make no warranties or guaranties expressed or implied. Information contained in this document was collected from sources deemed to be reliable and is true and correct to the best of the writer’s knowledge. Auctioneers and owners will not be held responsible for advertising discrepancies or inaccuracies. ALL ANNOUNCEMENTS ON AUCTION DAY OR UPDATED AUCTION DAY TERMS ONLINE TAKE PRECEDENCE OVER PREVIOUSLY ADVERTISED INFORMATION. Hamilton Auction Company and its employees act as agents for the sellers. Auctions are with reserves, minimum bids, or subject to seller acceptance or rejections unless otherwise advertised as “Absolute Auction selling without Reserve.” Only the top bidder will be contacted as to the status of his/her bid. Information provided by the seller and or obtained by Hamilton Auction Company is deemed reliable and correct however all property is sold as is, where is and all buyer or sellers agree to hold harmless Hamilton Auction Company and our employees for any errors or omissions regarding anything being sold. Prospective buyers are advised to consult with an attorney of their choice with respect to the purchase of any real property including but not limited to, seeking legal advice from their own attorney regarding disclosures and disclaimers set forth below.
TERMS & CONDTIONS
No buyer’s premium
Seller may reject any or all bids.
Seller will convey property by General Warranty Deed and buyer can buy title policy at their expense.
The auction sale is for registered bidders & their guests. All bidding is open to the public & the property is offered for sale to qualified purchases without regard race, sex, color, natural origin, religion, familial status, or disability.
Please note the bidding will not close and property will not be sold until everyone has had the opportunity to make his or her highest and best bid based on auctioneers’ discretion.
2023 taxes to be Paid by Seller. Subsequent taxes and special assessments if any, to be paid by buyer. Real Estate Taxes are subject to reassessment under new owner.
SURVEY: Property is being sold as the current tax parcels. A new survey may be provided by the seller.
EASEMENTS: The property to be sold is subject to any restrictive covenants or easements of record and any results that an accurate survey may show.
CLOSING: The successful bidder(s) will be required to sign a purchase agreement at the close of the real estate auction or within 24 hours with auction agent or electronically. Closing is November 16th 2023 at Adams,Rizzi, Sween Law Office Located in Austin MN . A total deposit of non-refundable 10% of the purchase price will be required. Those funds will be placed in the Adams, Rizzi, Sween Law Trust Account as earnest money until closing. Balance of the purchase price must be paid in full with cashier’s check at closing on or before dated listed on purchase agreement signed by all parties. Closing will take place at a closing company(s) mutually agreeable to both buyer and seller. Adams, Rizzi, Sween Law Office is representing the seller and will assist in all closings on behalf of the seller.
LEASES: The current leases in place will expire November 15th, 2023, and is open for 2024 and beyond
POSSESSION: Possession will be at closing unless otherwise agreed to in writing and agreeable by buyer and seller.
AGENCY DISCLOSURE: Hamilton Auction Company is representing the seller.
SELLER’S PERFORMANCE: The seller has agreed to the terms of the sale as published. However, the broker and auctioneer make no warranties or guaranties as to the seller’s performance.
MINERAL RIGHTS: All mineral rights if any, held by seller will be transferred upon closing. However, the Seller does not warrant the amount or adequacy of the mineral rights.
WELL/SEPTIC INFORMATION: The buyer is responsible for complying with any county requirements for transfer on the well or septic. Well and septic is being sold “as is, where is.” The buyer shall be responsible for this expense prior to or at closing in order to successfully close if there is a county requirement to comply with.
ENVIRONMENTAL DISCLAIMER: The seller, auctioneers, and broker do not warrant with respect to the existence or nonexistence of any pollutants, contaminants or hazardous waste prohibited by federal, state, or local law. Buyer is responsible for inspection of the property prior to purchase for conditions including but not limited to water quality, and environmental conditions that may affect the usability or value of the property. No warranties are made as to the existence or nonexistence of water wells on the property, or the condition of any wells.
ONLINE BIDDING: You acknowledge that the internet or data connection may be unreliable and subject to network error. Hamilton Auction Company will not guarantee that bids placed online will be transmitted to or received by auctioneer in a timely fashion. You agree to hold Hamilton Auction Company and its employees harmless for any interruptions in online bidding. At the sole discretion of the company or auctioneer the auction may be suspended, postponed, or cancelled if the internet service is unstable or interrupts any live or online auction. The auctioneer has the sole discretion to add, delete or change some of our online auctions or services and the terms or conditions governing our online auctions at any time without notice.
PROPERTY SOLD WITHOUT WARRANTY: All dimensions & descriptions are approximations only based upon the best information available & are subject to possible variation. Sketches may not be drawn to scale and photographs may not depict the current condition of the property. Bidders should inspect the property and review all the pertinent documents and information available, as each bidder is responsible for evaluation of the property and shall not rely upon the seller, broker or auctioneer, their employees, or agents. The property will be sold AS IS & without any warranties or representations, express or implied.