$1,390,000, 584.6 Acres
About This Property
This very attractive package of land is adjacent to the Town of Gull Lake, part of NE 14 is in the town and the rest of the land is SW of Gull Lake. Adjacent to HWY #1 Adjacent to HWY #37 CPR main line runs through the property. Seller cultivated 69 acres seeded to grass and alfalfa. 271 acres are cultivated grain land. Balance of land is grass or pasture. Oil surface lease, road lease, and land lease for battery is currently $60,700 per year Land is rented out year to year. Vendor has agreed to sell approximately 6 acres off of the SE corner of NE 14-13-19 W3 for $5,500 per acre, Vendor will assign the Agreement to Purchase to the purchaser of the package of land, the purchaser must honour this agreement. The ravine pasture fenced rented to the different farmer. Power and phone are on the land. Farmland & Price Summary 8 Parcels 585 Title Acres (ISC) 69 Acres seeded to grass and alfalfa (seller) 271 Acres cultivated grain land (seller) Balance of land is grass or pasture. SAMA Information 582 Total Acres 437 Cultivated Acres 145 Native Pasture Acres $447,200 Total Assessed Value (2017) $122,942 Average Assessment per 160 Acres 45.6 Soil Final Rating (Weighted Average) $1,086,500 Farmland Price $1,858 per Total acre (ISC) $2,486 per cultivated acre (SAMA) $3,196 per cultivated acre (Owner) 2.43 times the 2017 Assessed Value $303,500 Surface Lease ($60,700 x 5) $1,086,500 Land Total Price $160,000 145 ac. Native Pasture x $1,100 $926,500 437 cultivated acres x $2,120.13 per cultivated acre $1,390,000 Total Price (Land and Surface Lease) Note: SAMA sheet for the NE 14-13-19 only includes 78 acres
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