New London, MN 56273,Xx Section 29 Roseville Township

$545,000

$560,000

2.7%
Est.Price: ?

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Est. payment /mo

160 Acres Lot


SOLD DATE : 09/30/2020

Key Details

Sold Price $545,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 5350321

Sold Date 09/30/20

Annual Tax Amount $3,954

Tax Year 2019

Contingent None

Lot Size 160.000 Acres

Acres 160.0

Lot Dimensions 1320x1320x1320x1320

Property Description

Approx. 160 acres located at the intersection of Roseville TWP Rd.29 and Cty Rd. #2. This property is located on mile north of State Hwy 23. We drilled this property and found gravel in all test locations. The quantity of rock varied from good to very good. Overburden is very minimal at 2-3ft.The gravel is in excess of 20ft.deep. The material is clean glacially deposited material. Little clay was found during the testing. Water was found at depths of 2-17ft. We intentionally drilled at the lowest spot to check for clay and found only gravel. This deposit would have at least 6,296,296 yds of material. Adjusting for waste material would leave 6,000,000 ton of material. Current cost of material at a conservative $.35 per ton, would put the value of the reserve at $2,100,000.

Location

State MN

County Kandiyohi

Zoning Agriculture

Interior

Fireplace No

Exterior

Utilities Available None Connected, Electricity Available, Private Septic Available, Private Well Available

Schools

School District New London-Spicer

Others

Restrictions None

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Listed by Douglas Fenstra • Edina Realty, Inc.

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Jon Archer

Realtor® Associate | License ID: Multi-State

+1(612) 850-4425

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