TBD Tract 1 224th Street, Lake Crystal, MN 56055
$1,815,405
Property Type:
Land
Lot Size (sq. ft.):
7,124,238
Status:
Closed
Current Price:
$1,815,405
List Date:
10/18/2024
Last Modified:
2/16/2025
Description
Premier Farmland in Butternut Valley Township, Blue Earth County, Minnesota
Attention all prospective buyers! This is a rare opportunity to acquire a prime tract of agricultural land located in the picturesque Butternut Valley Township of Blue Earth County, Minnesota.
**Key Features:**
**Exceptional Soil Quality:** This property boasts a Crop Productivity Index (CPI) of 95.5, showcasing its excellent agricultural potential. The soils are primarily Nicollet loan soils, known for their fertility and productivity.
**Water Management:** The land benefits from efficient tile drainage systems leading into County Judicial Ditch 36, ensuring optimal moisture management for your crops.
**Heritage & Longevity:** This farm has been lovingly owned by the same family for over 120 years, a testament to its quality and the legacy of stewardship.
**Current Usage:** Soil tests conducted in 2022 are available for review, providing valuable insight into the land's condition and capabilities. Planned fall tillage for the 2024 season will further enhance the soil for the next planting cycle.
**Rental Potential:** The land will be open for rent starting in 2025. Past rental income has been robust, with previous agreements yielding $275 per acre.
**Future Development Opportunities:** New info 12.24.204 see map and email. There is potential for one development per quarter quarter, subject to county zoning regulations. Interested parties should review the email from county zoning for details.
**Auction Details:**
**Auction Ends:** January 8, 2025, around 10 AM via AuctionCast online
**Sold As-Is:** This property is being sold as-is, with no contingencies.
**Closing Date:** Close on or before February 14, 2025.
Don’t miss your chance to own a piece of history and a premier farming opportunity in Blue Earth County. This is an investment in land and legacy that is sure to yield returns for generations to come!
For more information see supplements!
More Information MLS# 6619860
Contract Information
Auction Type: Reserve
Owner is an Agent?: No
Auction?: Yes
Status: Closed
Off Market Date: 2025-01-13
Contingency: None
Current Price: $1,815,405
Closed Date: 2025-02-14
Original List Price: 1
Sales Close Price: 1815405
ListPrice: 1
List Date: 2024-10-18
Office/Member Info
Association: SEMR
General Property Information
Comp Sale YN: No
Development: No
Drainage: Tile
Is Buyers Premium: Yes
Lot Measurement: Acres
Multiple PIDs?: No
Plat Recorded: No
Yearly/Seasonal: Yearly
Zoning: Agriculture
Lot Dimensions: 2606x2688
Acres: 163.55
Association Fee: 0
Assessment Pending: Unknown
Location, Tax and Other Information
AssocFeeYN: No
Map Page: 999
Municipality: Butternut Valley Twp
School District Phone: 507-726-2323
Zip Plus 4: 5618
Property ID Number: R310601100005
Tax Year: 2024
Tax Amount: 7959
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Auctioneer License: 20-20-25
Directions & Remarks
Directions: From Mankato, MN take US 169 south for 3.4 miles and turn right onto MN-68 towards Minnehaha Park, go 10 miles and turn left onto 503rd Ave, in .5 miles turn right onto 224th Street at Jerusalum Cemetary the destinations are on the right in 1/2 a mile.
Acreage Information
Taxable Acres: 163
Tillable Acres: 151.89
Wooded Acres: 6
Assessments
Assessment Balance: 0
Tax With Assessments: 8062
Builder Information
Builder Restrictions: Open
Crop Type
Beans: 1
Corn: 1
Development Status
Raw Land: 1
Farm Type
Crop: 1
Fencing
Wire: 1
Financing Terms
Cash: 1
Insurance Fee
Insurance Fee: 0
Lease Details
Land Leased: Not Applicable
Lot Description
Corner Lot: 1
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 29
Section#: 1
Township#: 108
Restriction/Covenants
Easements: 1
Road Frontage
County Road: 1
Township: 1
Road Responsibility
Public Maintained Road: 1
Sale Options
Sell Entirely: 1
Sellers Terms
Cash: 1
Conventional: 1
Soil Type
Loam: 1
Topography
Level: 1
Available Utilities
Electricity Available: 1
None Connected: 1
Phone Available: 1
Improvements
Fence: 1
Land Inclusions
None: 1
Location Tax and Other Information
House Number: TBD Tract 1
Street Name: 224th
Street Suffix: Street
Postal City: Lake Crystal
County: Blue Earth
State: MN
Zip Code: 56055
Property Features
Available Utilities: Electricity Available; None Connected; Phone Available
Crop Type: Beans; Corn
Development Status: Raw Land
Farm Type: Crop
Fencing: Wire
Financing Terms: Cash
Improvements: Fence
Land Inclusions: None
Lot Description: Corner Lot
Road Frontage: County Road; Township
Road Responsibility: Public Maintained Road
Sale Options: Sell Entirely
Sellers Terms: Cash; Conventional
Soil Type: Loam
Topography: Level
Documents
Listing Office:
LandProz Real Estate, LLC
Last Updated: February - 16 - 2025
The data relating to real estate for sale on this web site comes in part from the Broker
Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal.
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