COURT ORDERED ROSEAU COUNTY, MN

LAND AUCTION - 2,691± Acres

Auction Location: Gene’s Bar & Grill 1095 3rd St. NW, Roseau, MN 56751

Land Located: Generally located NNE of Badger, MN & south of Pinecreek, MN

AUCTION RESULTS

*Subject to Bankruptcy Court Approval* 

Tract 1: $1,450 x 102.42 + 5% Buyer's Premium = $155,934

Tract 2: $1,450 x 164.06 + 5% Buyer's Premium = $249,781

Tract 3: $1,500 x 134.35 + 5% Buyer’s Premium = $211,601

Tract 4: $700 x 200 + 5% Buyer's Premium = $147,000

Tract 5: $700 x 600 + 5% Buyer's Premium= $441,000

Tract 6: $1,100 x 142 + 5% Buyer’s Premium= $164,010

Tract 7: $700 x 323 + 5% Buyer's Premium= $237,405

Tract 8: $650 x 655 + 5% Buyer's Premium= $477,038

Tract 9: $1,050 x 167.92 + 5% Buyer's Premium= $185,132 

Tract 10: $650 x 200 + 5% Buyer's Premium = $136,500

Tract 11: $115,500

TOTAL: $2,490,901

Court ordered bankruptcy land auction to include multiple tracts of farmland and a bin site.

Roseau County, MN – Moose, Stokes, & Dieter Townships

Land Located in Sections 9, 15, 16, 20, 21, 28, 29, & 31 of Moose TWP; Sections 24, 23, & 15 of Dieter TWP; Section 9 & 10 of Stokes TWP

PID #’s: 33.0021200, 33.0019000, 20.0027100, 20.0058600, 20.0016600, 20.0058800, 20.0052000, 20.0054100, 20.0036400, 20.0050200, 20.0036700, 20.0037600, 20.0035800, 20.0028000, 07.0029600, 07.0046000, 07.0049300, 07.0042700, 20.0054103

Total Acres: 2,690.82+/-

Cropland Acres: 2,282.32+/-

Tract 1 – DIETER TWP

Description: W1/2 SE LESS W 580 FT OF SW SE AND SE SE; SECTION 15 TOWNSHIP 163 RANGE 41

Total Acres: 102.42+/-

Cropland Acres: 53.97+/-

Trees & Cleared Trees/Recreational Acres: 40+/-

Taxes (2018): $940.80

PID #s: 07.0029600

Tract 2 – DIETER TWP

Description: NE; E 693.7 FT OF N 254.9 FT OF NE SE; SECTION 22 TOWNSHIP 163 RANGE 41

Total Acres: 164.06+/-

Cropland Acres: 68.64+/-

Trees/Recreational Acres: 84.22+/-

(2) 92’ x 48’ Machine Sheds, steel frame, concrete floor, power

Taxes (2018): $1,850.10

PID #s:07.0042700

Tract 3 – DIETER TWP

Description: N1/2 N1/2 NE; N1/2 NW LESS W 283.7 FT OF S 208.7 FT AND LESS N 450 FT OF W 450 FT OF NE NW; SECTION 23 TOWNSHIP 163 RANGE 41 & N1/2 NW NW; SECTION 24 TOWNSHIP 163 RANGE 41

Total Acres: 134.35+/-

Cropland Acres: 131+/-

Taxes (2018): $1,203.30

PID #s: 07.0046000 & 07.0049300

Tract 4 – MOOSE TWP

Description: SW ¼ SW ¼ Section 9-162-42, N ½ N ½ Section 16-162-42

Total Acres: 200+/-

Cropland Acres: 178.55+/-

Trees/Recreational Acres: 20.33+/-

Estimated Taxes (2018): $900.00

PID #s: Part of 20.0028000 & all of 20.0016600

Tract 5 – MOOSE TWP

Description: S ½ N ½ & S ½ Section 16-162-42, & W ½ SW ¼ , SW ¼ NW ¼ Section 15-162-42

Total Acres: 600+/-

Cropland Acres: 556.79+/-

Trees/Recreational Acres: 30+/-

Estimated Taxes (2018): $2,650.00

PID #s: Part of 20.0028000 & all of 20.0027100

Tract 6 – MOOSE TWP

Description: NE ¼ LESS that part lying East of State Ditch No. 20 Section 20-162-42 & That part of the SW ¼ NW ¼ lying West of State Ditch No. 20 Section 21-162-42

Access Easement Language (ONLY if Tract 6 separate buyer from Tract 8): Also conveying unto the Grantee an easement for ingress and egress purposes, over and across the already existing roadway located on the Northerly 66 feet of the North Half of the South Half (N ½ of S ½) of Section Twenty (20), in Township One Hundred Sixty-two (162) North, Range Forty-two (42) West of the Fifth Principal Meridian in Minnesota, according to the United States Government Survey thereof.

Total Acres: 142+/-

Cropland Acres: 133.01+/-

Estimated Taxes (2018): $650.00

PID #s: Part of 20.0035800 & 20.0037600

Tract 7 – MOOSE TWP

Description: NW ¼ LESS that part lying West of State Ditch No. 20 Section 21-162-42, That part of the NE ¼ NE ¼ lying East of State Ditch No. 20 Section 20-162-42, W ½ SE ¼ & E ½ SW ¼ LESS that part lying West of State Ditch No. 20 Section 21-162-42, That part of the NW ¼ SW ¼ Lying East of State Ditch No. 20 Section 21-162-42

Total Acres: 323+/-

Cropland Acres: 282.58+/-

Trees/Recreational Acres: 35+/-

Estimated Taxes (2018): 1,425.00

PID #s: Part of 20.0037600 & 20.0035800

Tract 8 – MOOSE TWP

Description: S ½ Section 20-162-42, SW ¼ SW ¼ Section 21-162-42, NW ¼ NW ¼ Section 28-162-42, NW NE W OF SD #20, NE NW LESS THAT PART LYING E OF SD #20; SECTION 28-162-42, That part of the NW ¼ SW ¼ Lying West of State Ditch No. 20 Section 21-162-42, That part of the SE ¼ SW ¼  Lying West of State Ditch No. 20 Section 21-162-42, N ½ of N ½ of Section 29-162-42

Total Acres: 655+/-

Cropland Acres: 605.09+/-

Trees/Recreational Acres: 42+/-

Estimated Taxes (2018): $3,140.00

PID #s: All of 20.0036400, 20.0054100, 20.0036700, 20.0052000, 20.0050200, & part of 20.0037600

Tract 9 – MOOSE TWP

Description: E1/2 SW, LOT 3, LOT 4 LESS W 700 FT; SECTION 31 TOWNSHIP 162 RANGE 42, W 700 FT OF LOT 4 LESS N 651 FT OF S 1156.8 FT OF W 700 FT OF LOT 4; SECTION 31 TOWNSHIP 162 RANGE 42

Total Acres: 167.92+/-

Cropland Acres: 163.51+/-

Taxes (2018): $643.80

PID #s: 20.0058600 & 20.0058800

Tract 10 – STOKES TWP

Description: S1/2 NW, NE NW; SECTION 10 TOWNSHIP 161 RANGE 41, S1/2 NE; SECTION 9 TOWNSHIP 161 RANGE 41

Total Acres: 200+/-

Cropland Acres: 108.71+/-

Trees/Recreational Acres: 90+/-

Taxes (2018): $630.00

PID #s: 33.0021200 & 33.0019000

Tract 11 – MOOSE TWP (BIN SITE)

Description: THAT PART OF SW SE DESC: COMM @ SW COR OF SEC 29, TH E ALONG S LN 2729 FT, TH N'LY PARA TO W LN OF SEC 29 495 FT TO POB, TH CONTINUE N'LY PARA TO W LN OF SEC 29 198 FT, TH E'LY PARA TO S LN OF SEC 29 455 FT, TH S'LY PARA TO W LN OF SEC 29 198 FT, TH W'LY PARA TO S LN OF SEC 29 455 FT TO POB

Access Easement Description:Ingress & egress purposes, over and across the already existing driveway located on the Easterly 250 feet of the Southerly 900 feet of the SE ¼ SW ¼ of said Section 29, and on the Northerly 207 feet of the Southerly 900 feet of the Westerly 250 feet of the SW ¼ SE ¼ of said Section 29

Total Acres: 2.07+/-

Bin Site:

20,000 bu. wet bin

8,500 bu. dry bin

(2) 50,000 bu. bins, full air floor, double 15 hp. fans

SuperB Sa1000 dryer, 1,000 bu./hr

Control Shed

Taxes (2018): $529.20

PID #s: 20.0054103

TERMS: Ten percent down upon signing purchase agreement with balance due at closing in 45 days. This is a 5% Buyer’s Premium Auction.

For a detailed Buyer’s Prospectus with complete terms and conditions contact Max Steffes at Steffes Group, 701.237.9173 or 701.212.2849

United States Bankruptcy Court District of Minnesota

Case No. 17-60495

 David G. Velde, Trustee

Downloads:
Court Ordered Roseau County, MN Land Auction Buyer's Prospectus
Bankruptcy Court Order
Purchase Agreement