House (Estate) & Real Estate Auction (6.26.13)

FRANK & EDITH (PETE) PETTERSEN ESTATE

HOUSE & REAL ESTATE AUCTION

687.73+/- ACRES TO BE SOLD IN TWO PARCELS

WEDNESDAY, JUNE 26, 2013 2:00 P.M.

LOCATION:  MOOSE LODGE, 415 N MERRILL AVE, GLENDIVE, MT

 

OWNERS:  Pettersen Family Trust will offer the following property to the public at auction.  The final bid will be subject to their approval.  The Owners reserve the right to accept or reject any and all bids.

 PROPERTY LOCATION:  From Glendive, MT –Parcel Two– Take Highway 16N toward Sidney for 4.5 miles, turn East (right) on Highway 564 for ¼ of a mile, 1st house on right.

Parcel One—Is located another 5 miles from Parcel Two toward Sidney on Highway 16N, the Parcel is on the West side of the Highway.  There is 8/10ths mile of Highway frontage.

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PROPERTY DESCRIPTION:

PARCEL ONE   460 +/- Acres w/245.6 acres of cropland & 214.4 acres of grassland

Lower Seven Mile Creek flow through the North end of Property

Good flowing Well & Spring, An overflow from the neighbors Artesian Well flows into the Lower Seven Mile Creek.  There is an old uninhabitable house & electricity.

 

SECTION 13, TOWNSHIP 17N, RANGE 55E

W2 less 6.97 acres highway & 13 acres sold CONT —–300.03 +/- acres

SECTION 14, TOWNSHIP 17N, RANGE 55E

NE4 CONT—–160+/-acres

 

PARCEL TWO   227.7+/- Acres w/126.3 acres of cropland (which has been put into hay ground) & 101.4 acres of buildings & grassland

896 sq ft house w/2 bedrooms, 1 bath, new shingles, new shallow well water pump & pressure tank, new furnace in 2011, new water heater,  1012 sq ft detached garage, 24×58 barn, 28×58 shed, 20×22 wood granary.  It has a dam that the neighbor’s Artesian Well flows into. (2) Wells. The railroad track goes through Section 7 and the East boundary is Deer Creek.  DeerCreekSchool is across the street from the house.

SECTION 7, TOWNSHIP 16N, RANGE 56E

L 1-2-3 NE4SW4 SE4NW4 NE4NW4 NW4NE4 LESS 12.27 Acres sold CONT

108.88+/- Acres

 

SECTION 12, TOWNSHIP 16N, RANGE 55E

E2NE4, NW4NE4, LESS 1.18 acres RR, LESS 3.00 acres in COS #895 in N2NE4 CONT 118.82+/- acres

A title commitment has been ordered and will be available, at their request, to prospective buyers for inspection prior to sale day.  The above may or may not be the proper legal description; it was taken from the DawsonCounty tax receipts.  The above does describe the property to be sold.

Mineral Rights:  No mineral rights transfer.

Water Rights:  All water rights held will transfer.

Taxes:  Taxes will be pro-rated from the day of closing.

Title Insurance:  Standard owners’ title insurance will be provided by the seller through First American Title Holding Company, 204 N Kendrick Ave, Suite 205, Glendive, MT (406)365-5482

Terms:  Cash.  10% down sale day, the balance due at closing the week of September 1, 2013 at the offices of  First American Title Holding Company, 204 N Kendrick Ave, Suite 205, Glendive, MT (406)365-5482

Buy/Sell Agreement:  Will be prepared by Scott Herring, Attorney, 215 S Kendrick Ave, Glendive, MT (406) 377-5273

Buyers Premium:  A 2 % Buyers premium will be added to the winning bid price to arrive at the total contract price paid by the purchaser.

Your bid is considered acceptance of the terms of this auction.  If you, the Buyer fails to close, the down payment is non-refundable.  If the Sellers fail to close, 100% of the down payment will be returned.  At this time there is no known reason that the Sellers would not be able to close.  All funds are held in the escrow account of First American Title Holding Company, 204 N Kendrick Ave, Suite 205, Glendive, MT (406)365-5482

All information is from sources deemed reliable, but is not guaranteed by the Sellers or the Auctioneers.  Offering is subject to error, omission, and approval of purchase by owner.  We urge independent verification of each and every item submitted to the satisfaction of any prospective buyer.

It is every potential bidder/purchaser’s sole responsibility to accomplish his or her due diligence in whatever manner he or she deems advisable.

Announcements made sale day take precedence over any printed materials.  The property sells “As is-Where is.”

 

RK Statewide Auction Service and its auctioneers are acting solely as auctioneers for the seller. For more information & showings contact

Rick Kniepkamp (406) 485-2548 or (406) 939-1632 cell

RK Statewide Auction Service

3489 Hwy 200 S

Lindsay, MT  59339

www.r-kauction.com

Rick Kniepkamp
Rick Kniepkamp RK Statewide Auction Service
The Pettersen Trust has decided to liquidate their property that has been in the family for 80 years. Parcel Two is a great location as it is quiet, peaceful and only 10 minutes from Glendive. Deer Creek School w/grades 1st-8th is across the street from the house!  Also, the Railroad Track runs through Parcel Two which could make it possible to have a siding.  Parcel One has some very productive farm ground and the Lower Seven Mile Creek!  This is a once in a life time opportunity to own these properties!

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