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SOLD

ABSOLUTE REAL ESTATE AUCTION, 520+/- Acres offered in 5 Tracts in Polk County
Tue, Sep 29, 10:00 AM
Northwest Wisconsin, Polk County near Luck, Balsam Lake, Amery

Owner: Charles E. Purdy III



SOLD FOR $1,600,000

• Absolute Real Estate Auction • Selling Without Reserve • 520+/- Acres offered in 5 Tracts - first time on the market in 5 decades! • Lost Lake - 70+/- Acre Private, Deep, Spring-fed Lake • Great water quality! • 130+/- Acres FSA Tillable • County Record Corn Yields • Hardwood Forests with Oak, Maple, Walnut, Burch, Conifers • Excellent Reel & Fly-fishing including Largemouth Bass, Sunfish, Crappies, Northern Pike • Wildlife includes White-Tailed Deer, Ducks, Bald Eagles, Loons, Geese, Wild Turkeys • Working Cattle Farm • 1350+/- Sq. Ft. home, 50x100 ft. Machine Shed & 58x150 ft. Pole Building • Over 5 Miles of Electric High-Tensile Wire Fence • 20+/- miles from St. Croix River Valley • 70+/- miles from Minneapolis/St. Paul


OPEN HOUSE/INSPECTION DATES
Thursday, September 3rd from 10AM-noon
Tuesday, September 15 from 3-5pm
Meet a Schrader Representative on Tract 2.

PROPERTY LOCATION
2193 80th St., Luck, WI 54853.
Directions: From Amery, WI take Hwy 46 north 6 miles to US Hwy 8, turn west 1/4 mile to 100th St., turn north 9.1 miles to Big Round Ave., turn east 2 miles to the property.

AUCTION LOCATION
Amery Area Community Center, 608 Harriman Ave., South, Amery, WI 54001.

PROPERTY DESCRIPTION
This 520+/- acre property offers exceptional privacy. Lost Lake, a 70+/- acre private lake, fed by springs, is located near the center of the property and has no visual or physical access from a public roadway, allowing you to enjoy the sandy beach area, fishing, boating and all this lake offers, undisturbed.

Since 1967 when the owner purchased the property stewardship of the land has been top priority. This is evidenced by the pristine nature of Lost Lake, lush rolling meadows, and excellent management of the hardwood timber. Spend time on the many trails, hiking, horse back riding, and snowmobiling. Lost Lake is suitable to land a plane with floats.

While in the area take advantage of fishing for Muskie at nearby famous Bone Lake or enjoying the attractions of the St. Croix River Valley.

"Lost Lake is one of the highest quality lakes I have studied in Polk County. Lost Lake also has a unique plant community that helps maintain water clarity along with the natural shoreland area."

Jeremy A. Williamson
Water Quality Specialist
Polk County Land & Water Resources Department


TRACT DESCRIPTIONS
Tract 1: 106± ac with approximately 77 cropland acres mostly seeded to alfalfa, fronting 80th Street.

Tract 2: 23± ac home and buildings, fronting Big Round Ave. & 80th St. This tract is improved with a 1½ story frame home containing approx. 1350 sq. ft. There is a living room with large brick fireplace, kitchen, full bath, bedroom and office with vaulted Cedar ceiling and Walnut floor, all on the main floor. Upstairs are 2 bedrooms with a shared Cedar closet. The exterior is vinyl siding, shingle roof and a large vinyl deck. The home has a propane furnace and well water. Shop Building: 50 ft.x 100 ft. pole construction with a full concrete floor, center drain and (2) 14 ft.x20 ft. sliding machine doors. Within the structure is a 15 ft.x20 ft. enclosed storage/work shop room. There are multiple electrical outlets and lighting. Cattle Building: 58 ft.x150 ft. pole construction with a full concrete floor, 50 ft.x58 ft. enclosed storage area, 100 ft.x58 ft. open face area with working pens and cattle chute. Adjacent to the building is a concrete pad measuring approx. 200 ft.x660 ft. used as a cattle feedlot, with pens, feed bunks and automatic waterers.

Tract 3: 196± ac containing Lost Lake a 70+/- acre pristine private lake with continuous water flow, fed by natural year round springs. The water quality study completed in 2004 proves Lost Lake is a real treasure. If you enjoy fishing, boating, or spending time bird watching in a park like secluded setting this tract is for you. The balance of acreage is woodland and marsh. Make plans to spend time on this one of a kind tract of land.

Tract 4: 139± ac featuring a mix of woodland and open grass meadows. There is a high output, deep, artesian well and fenced paddocks used for livestock production. This tract has frontage along Big Round Ave and 90th St.

Tract 5: 56± ac fronting 90th St. mostly wooded. This tract is ideal for hunting/recreation.

Contact Auction Company for a detailed information book / DVD including Lost Lake Water Quality Study, Farmland Preservation Agreement, Forestry Management Agreement, FSA Summaries, Soil Maps, Assessments, Tax Info., and other information.


SOIL INFORMATION

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TRACT MAP(S)



AREA MAP(S)



PROCEDURE: The property will be offered in 5 individual tracts, any combination of tracts and as a total 520-acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete.

DOWN PAYMENT: 10% down payment on the day of auction for individual tracts or combinations of tracts. The down payment may be made in the form of cashiers check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

ACCEPTANCE OF BID PRICES: The real estate is selling at Absolute Auction, without reserve. All successful bidders will be required to enter into a Purchase Agreement at the auction site immediately following the close of the auction.

FARM LEASE: The real estate is selling subject to a farm lease agreement, which expires December 31, 2015.

EVIDENCE OF TITLE: Seller shall provide an owners title insurance policy in the amount of the purchase price.

DEED: Seller shall provide Warranty Deed(s).

CLOSING: The balance of the purchase price is due at closing which will take place on or before October 30, 2015, or as soon thereafter as survey, title commitment, and sellers closing documents are prepared. Cost for an insured closing shall be shared equally (50:50) between Buyer(s) and Seller.

POSSESSION: Possession shall be granted at closing subject to the farm lease, which expires December 31, 2015 on Tracts 1, 3, 4, & 5. Possession of Tract 2 shall be granted on or before November 1, 2015, subject to a successful closing.

REAL ESTATE TAXES: Seller shall pay taxes assessed against the property for 2015 (due in 2016). All future taxes will be the responsibility of the Buyer(s).

PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidders safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.

ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Combination purchases will receive a perimeter survey only.

FARM PRESERVATION AGREEMENT: The real estate is being sold subject to the aforestated agreements. Copies of these agreements can be obtained by contacting the Auction Company, or attending one of the property inspection periods.

AGENCY: Schrader Real Estate & Auction Company, Inc. and its representatives are exclusive agents of the Seller.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final.

ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

STOCK PHOTOGRAPHY: Some photos are for illustrative purposes only and are not of the auction property.