ESTATE LAND AUCTION
+/-144.15 Acres of Extremely Well Located Productive Lake View Township Lake County, SD Land – This is an extremely well located parcel of land that lies adjacent to SD Hwy. #34 and is situated within 5 miles of Madison, SD, 3 miles of the Dakota Ethanol Plant at Wentworth, SD and within 1 mile of Lake Madison – This Property will be Offered as One Parcel and May Have Potential to Serve as an Excellent Site for Establishment of New Home & Other Potential Development with Areas That Have Views of Lake Madison
Due to the death of Michael Nowka, the Nowka Family has decided to offer the following real property at auction with the auction to be held “On Site” at the land located from Prostrollo Motors in Madison, SD – Approx. 4 ¼ miles east on Hwy. #34; from Dakota Ethanol Plant on Hwy. #34 at Wentworth, SD – approx. 3 miles west on Hwy. #34; or from the Madison-Colman, SD Exit #109 on I-29 – approx. 12 ½ miles west.
FRIDAY NOVEMBER 22, 2019 Sale Time: 10:00 am
This well located 144.15 acre parcel will be offered as one individual tract of land. This property has had a long period of ownership for over 75 years the Fisher/Nowka family dating back to 1941. This property features a superb location near Lake Madison with the north side of the farm bordering SD Hwy. #34 and is within a close proximity to the City of Madison, SD, the Dakota Ethanol Plant, Madison Farmers Coop Elevator and a relatively short distance from the SD Soybean Processors Plant at Volga, SD. Areas of this property has some locations that provide attractive views of Lake Madison and the surrounding countryside. According to Lake County Planning and Zoning this parcel has areas zoned in 2 districts – the northern portions being zoned ag with housing restricted to a maximum of 8 residential sites subject to zoning approval; the southern portions fall into the Lake Park Zoning which allows for a higher density of residences, although subdivision requirements would need to be approved by Lake Co. P&Z, furthermore this area would be subject to requirements of the Lake Madison Sanitary District; potential buyers are encouraged to review the zoning regulations for a better understanding and clarification of current zoning concerning this property with Lake County P&Z – ph. 605-256-7610. Access to this property is from one large driveway from Hwy. #34, which accommodates a 50’ private roadway easement that provides access to this property (Tr. 1 of Fischer Place Addition and also to Tr. 2 of Fischer Place Addition and the Fischer Resort Property on and near Lake Madison that is located at the South, Southwest and Southeast of the property being offered on this auction). This property has been recently surveyed by Infrastructure Design Group, Inc. and has been platted, and will be sold with the acres in accordance with the survey & plat. Prior to the survey, FSA information indicated this parcel contained a total of 158.10 total farmland acres with 158.10 acres of cropland, with a 80.10 acre corn base with a 154 bu. PLC yield and a 78 acre soybean base with a 43 bu. PLC yield, although subsequent to the survey the portion being sold contains a total of 144.15 acres which appears to include a high percentage tillable – subsequently the FSA cropland acres, bases and yields will need to be adjusted subsequent to completion of the sale with those adjustments and allocations of cropland acres, crop bases and yields to be as determined by FSA personnel. According to information obtained from Surety Agri-Data, Inc., it appears that this property has an overall soil rating of approx. 74.4. The general topography of this land is gently rolling to rolling.
Legal Desc.: Tract 1 of Fischer Place Addition in the NW ¼, the SW ¼ NE ¼ and Gov’t Lots 1, 2, 3 & 4, All in Sec. 24, Twp. 106N., R. 52W., (Lake View Twp.), Lake County, SD – Containing 144.15 Acres M/L.
TERMS: Cash: A 10% non-refundable earnest money payment on the day of sale & and the balance due at closing on or before January 10, 2020 with possession. Marketable Title will be conveyed and owner’s title insurance will be provided with the cost of the owner’s policy divided 50-50 between the buyer & seller. All of the 2019 RE taxes payable in 2020 will be paid by the seller. The Estimated farmland acres are understood to be “more or less” and FSA cropland acres, yields, bases and other FSA information will be subject to an FSA reconstitution by FSA personnel and are subject to county committee approval. The seller does not guarantee that existing fences lie on the true and correct boundaries and any new fencing, if any, will be the responsibility of the buyer pursuant to SD Law. Information contained herein is deemed to be correct but is not guaranteed. The RE licensees in this transaction are acting as agents for the seller. This property is sold in “AS IS” condition & subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all Lake County zoning ordinances. Sold subject to confirmation of the Personal Representative.
MICHAEL NOWKA ESTATE
Karen Nowka, Personal Representative
Jennifer Bunkers – Boyce Law Firm – Attorney for the Estate – Sioux Falls, SD
CHUCK SUTTON – Auctioneer & Land Broker – Sioux Falls, SD – ph. 605-336-6315 & Flandreau, SD – ph. 605-997-3777
WAYNE BESSMAN – RE & Personal Property Auctioneer – Madison, SD – ph. 605-270-4980
JARED SUTTON – RE Auctioneer & Broker Associate – Flandreau, SD – ph. 605-864-8527