Premier Farmland in Butternut Valley and Judson townships, 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 and Judson Townships of Blue Earth County, Minnesota. **Key Features:** **Exceptional Soil Quality:** This property boasts a Crop Productivity Index (CPI) of 95.4, showcasing its excellent agricultural potential. The soils are primarily Webster clay loam 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:** 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!
Property Details
Property Features
Listing Office:
Office Name: LandProz Real Estate, LLC
Other
Directions Information:
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.
Price Information
Listing Price Info
Price Summary:
List Price: $1
What can I afford?
Understand what home price range makes sense for your budget.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. No part of this search utility may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise. Home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
DMCA Notice Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/21/2024, 9:22:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$68
Per Month
Principal & Interest
$1
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$67
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
Lk Crystal Wellcome Memorial Elementary School
502 E Watonwan St
Distance between this listing and this school5.83 miles
Public District Grades PK-5
6
/10
Nicollet Elementary School
1 Pine St
Distance between this listing and this school7.12 miles
Public District Grades PK-4
6
/10
Hoover Elementary School
1524 Hoover Dr
Distance between this listing and this school9.92 miles
Public District Grades KG-5
Nearby Schools
5
/10
Dakota Meadows Middle School
1900 Howard Dr W
Distance between this listing and this school9.57 miles
Public District Grades 6-8
8
/10
New Ulm Middle School
414 S Payne St
Distance between this listing and this school13.81 miles
Public District Grades 5-8
4
/10
Prairie Winds Middle School
1200 Prairie Winds Dr
Distance between this listing and this school14.68 miles
Public District Grades 6-8
Nearby Schools
5
/10
Lk Crystal-Wellcome Memorial Secondary School
607 Knights Ln
Distance between this listing and this school5.94 miles
Public District Grades 6-12
7
/10
Nicollet Senior High School
1 Pine St
Distance between this listing and this school7.12 miles
Public District Grades 9-12
6
/10
West High School
1351 S Riverfront Dr
Distance between this listing and this school11.15 miles
The neighbors living near this home have an average income of $71,014. Typical income of Blue Earth County, MN residents is between $35k-100k annually. Most families are married, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About TBDTRACT2 224th St
What is the listing price of this property?
The listing price of TBDTRACT2 224th St property is $1.
What type of property is this?
The property TBDTRACT2 224th St is land located in Butternut Valley Twp, Minnesota, 56055.
Is this property for sale now?
Active Listing: TBDTRACT2 224th St is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at TBDTRACT2 224th St in Butternut Valley Twp, MN and zip code 56055. It has been listed on Rocket Homes since October 18, 2024 and is currently priced at $1.
In November 2024, from all listings sold in Blue Earth County, MN there were more than 9 sold above asking price, over 10 sold below and more than 4 were sold right at the asked price. In November 2024 in Blue Earth County, MN there were 0.8% less homes for sale than in October 2024. The median list price of listings available in November 2024 was $299,999, while the average time on the real estate market was 42 days.
From Rocket Homes Real Estate and based on county public records data.