March 28, 2017

Sold: 8% Interest in 99 Acres of Vacant Land (Life Estate) in Ellendale, Dickey County, North Dakota!

Item Id: Seelye01
Case Name: Seelye, Joe C
Case Number: 15 30091
Trustee:
Starting Minimum Bid: $1,500

Click Here to Go to eBay
Click Here to Go to eBay Auction

Description: Estate’s interest in 1/12 ownership of vacant agriculture farmland in Ellendale, North Dakota near Highway 11. The interest is an undivided 1/12th remainder interest subject to the Life Estate of an 89 and 86 year old couple who currently resides in the residence. The property is an “irregular” (per the Assessor) shape of a total of 106.6 acres; 7.09 acres of which is in the center of the property and contains the residence. The surrounding farmland is 98.77 acres surrounding the residential area of 7 acres. The Life Estate encompasses the acreage only, not the residential portion of the property. The APN# is 475000. The legal description is 20 lines long and begins/ends with: ‘The North One Hundred six and two thirds acres of the Southwest Quarter……………………..Range Sixty-one West (61) W in the County of Dickey State of North Dakota’. (full description will be provided to prospective bidders on request)

The appraised value is $69,400 and is categorized by the County Assessor as “Farmstead” land and this amount is also known by the Assessor as the “Production Value” of the property.

The property is used for agricultural purposes. Corn is grown on 66 acres and soybeans on 32 acres of the parcel. Per the USDA, the PLC Yield on the corn crops is 131 and 31 on the soybean portion.

2017 taxes were just assessed on 12/15/17 and are $631.86. The invoice for 2017 is sent in late December so is, currently, unpaid. 2016 taxes were approximately $705.00 and have been paid. There are no past due taxes per the County Treasurer’s office as of 12/15/17.

Location Info:
The property is located south of Highway 11 and approximately 12-13 miles west of Ellendale. It is approximately 3-4 miles north of the stateline of South Dakota and about 135 miles southwest of Fargo

Liens: We do not know of any other liens.

*Picture is of general area, not representative of actual property.*

Bidding Guide: Please review the bkassets.com bidding guide for terms of auction prior to placing a bid or making an offer..