Details

Wayne, Michael, & Warren Zarnott Land Auction

Auction Date: Thursday, March 14th at 11:00am

Auction held at: Mages Land Co. Building at 55780 St Hwy 19, Winthrop, MN 55396

*In case of severe weather, listen to 860 AM KNUJ & 107.3 FM SAM 8:30 the morning of the auction for postponement & rescheduling info.

Blizzard Date is: Tuesday, March 19th.

Location of Property within Sibley County: Section 26, Transit Township, Range 26

Directions to property: When traveling east from Winthrop, travel 2.5 miles on MN-19 E. Turn north onto Co Rd 4 and travel 2.5 miles. Turn east onto Co Rd 10 and travel 2 miles. Turn south onto 503rd Ave. and the land will be 1 mile on the west side. Watch for signs!

Farm Address: 26158 503rd Ave. Winthrop, MN 55396
*Note: Farm site is not for sale

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This Property Will Sell as One Parcel

Parcel 1:

Total Acres: 75.65

Acres Tillable: 73.58

Productivity Index: 91.8

PID: 23.2603.101

**Note: All acres are published based on Sibley Co. Online Records & FSA records. All maps are a representation, and do not represent actual parcel lines.

For full information packet on land, please contact Matt Mages

Auctioneers: Matt Mages, Courtland Lic #08-19-001; Larry Mages, Lafayette; Joe Maidl, Lafayette; John Goelz, Franklin Joe Wersal, Winthrop; Ryan Froehlich, Winthrop;
Broker/Clerk: Mages Land Co. & Auction Service, LLC. Not responsible for accidents at auction or during inspection. Everything sold “AS IS”. The balance will be paid upon closing approximately 40 days after the auction.

Terms: No Buyers Premium. The buyer shall pay 5% nonrefundable earnest money down of total purchase amount on the day of the auction in the form of a check, cashiers check or U.S. currency and enter into a non-contingent purchase agreement with the balance to be paid upon closing on or before 60 days. Winning bidder will enter into the purchase agreement day of sale. Said purchase agreement will contain the following term:

The property sold herein is subject to a Right of First Refusal (ROFR) in which the optionee in the ROFR has 15 days after receipt of notice of this purchase agreement to exercise his option. This purchase agreement shall be cancelled if said optionee exercises his ROFR, and any and all rights and obligations herein this purchase agreement shall forever terminate. The Earnest Money shall immediately be returned to the Buyer. Further, the parties shall immediately sign a Cancellation of Purchase Agreement. If a party does not timely sign said cancellation, the other party may obtain a judicial cancellation of the Purchase Agreement and all costs, including any and all attorney’s fees, shall be the responsibility of the party that does not timely sign said cancellation. Further, if the ROFR is exercised, the Seller shall reimburse the Buyer herein for any out-of-pocket costs, incurred after the auction, by Buyer due to his/her planned purchase hereunder. Interest incurred on the Buyer’s earnest money during the option period shall not be an eligible out-of-pocket expense of Buyer.

The property will be sold in “AS IS” condition. Buyer to get possession for the 2024 crop year. Subject to any easements of record. The seller or seller’s agents are not responsible for any errors in information. This is a guide. Buyers are responsible to collect their own info. Online bidders are required to mail in a $30,000 earnest money check or cashiers check made out to Mages Land Company Trust. Checks will be held, and not deposited. All checks must be mailed or delivered to the Mages office no later than March 12th to be approved for online bidding. Anything said the day of the auction takes precedence over written material. Seller has the right to reject any & all bids. Auctioneer has the right to run the sale however he feels best serves the seller. Mages Land Co & Auction Service represents the seller in this transaction.