ESTATE LAND AUCTION
+/-267.16 Acres of Well Located Buffalo Township Minnehaha County SD Cropland & Pasture – To be Offered in Multiple Tracts or as a +/-267.16 Acre Unit
Due to the deaths of Cornilius & Albertha VanHofwegen their heirs have made the decision to offer this real property at public auction, with the auction to be held “On Site” at the land located from Colton, SD – 7 miles west on Co. Hwy. #110 (248th St.) to the Buffalo Trading Post on Hwy. #19, then 4 miles north on Hwy. #19 to the Northwest Corner of the land at the Jct. of 244th St. & Hwy. #19/457th Ave. – (the Minnehaha/Lake County Line); from Madison, SD (Prostrollo Corner) – 1 ½ miles east on Hwy. #34 to Hwy. #19, then 9 ½ miles south on Hwy. #19; from the Franklin Corner on Hwy. #19 – 3 miles south; or from the Huntimer Catholic Church located between Colton & Chester SD on Hwy. #149 (Jct. of 464th Ave. & 245th St.) approx. 6 ½ miles west on Hwy. #104 (245th St.) to the Southeast Corner of the Land.
FRIDAY OCTOBER 30, 2020 SALE TIME: 10:00 AM
This +/-267.16 Acre Farm will be Offered as TR. #1 – +/-87.26 Acres of Nearly 100% tillable cropland – Commencing approx. ¼ mile east of the Jct. of Hwy. #19 & 245th St. & beginning just east of the excluded acreage in the SW Corner of the Farm and also excluding the newer acreage situated in the SE Corner of the parcel; TR. #2 – +/- 78.40 Acres of High Percentage Tillable Land – Lying north of the excluded acreage and bordering Hwy. #19 & Tr. #3 – +/- 101.50 Acres with a Mixture of Cropland & Pasture situated within the NW ¼ – With approx. 55.36 acres of cropland & 46.14 acres of pasture; or offered as Tracts #1 & #2 combined – 165.66 acres ; or Tracts #1, #2 & #3 Combined – The +/-267.16 Acre Unit.
Presently this land is operated as one single unit, which according to FSA information has approx. 223.6 acres of cropland with a 110.27 acre corn base with a 149 bu. PLC yield and a 110.23 acre soybean base with a 47 bu. PLC yield and is currently enrolled under the ARC County election of the USDA farm program. According to information obtained from Surety Agri-Data – this property in its’ entirety has an overall weighted soil productivity index of 72.8; or when measured on Surety it appears that the soils on Tracts #1 & #2 are a 78.2 and on Tract #3 are a 63.8. Areas of this land have been enhanced by the installation approx. 18,450’ of drain tile (+/-14,997’ of 4”, 3,071’ of 5” & 380’ of 6”) in 2012 at a total cost of $24,223.00, with copies of both the Certified Wetland Determination and Tile Maps as provided by TSW Agribusiness available for review. The topography of the cropland on this farm is generally gently rolling to rolling, with some lower lying areas throughout the pasture and drainage areas. Water in the pasture is provided by a dugout and a small creek that is fed by an overflow from Diamond Lake according to the current tenant. This is a farm with some very productive cropland and pasture, that is being offered in parcels with high percentages tillable (Tracts #1 & #2) that are well suited to row crop operators and investors, while Tract #3 is an attractive parcel for crop/livestock operators with a mix of cropland & pasture, thus this land should be of interest to a wide variety of buyers. The total real estate taxes payable on this property in 2020 were $5,361.68. The location of this land is superb, being bordered on the west by Hwy. #19, with excellent ease of access to several area grain terminals and Ethanol plants. This land has been in the VanHofwegen Family for over 50 years, thus this auction provides a “Once in a Lifetime Opportunity” to purchase this desirable parcel of land.
LEGAL DESC.: The NW¼ (Except Lots H-1, H-2, Lot 4 and H-2 in the S½ NW¼) in Sec. 3, T. 104N., R. 52W.; and the SW ¼ (Exc. S ½ SW ¼ SW ¼ & S ½ N ½ SW ¼ SW ¼ & Exc. the E. 300’ of the S. 581’ & Exc. Lot H-2), in Sec. 3, T. 104N., R. 52W., Buffalo Twp., Minnehaha County, SD.
TERMS: Cash – A 10% nonrefundable earnest money payment sale day with the balance on or before Dec. 18, 2020, with possession subsequent to the harvest of the 2020 standing crops and the rights of the current tenant to harvest the 2020 crops in accordance with the 2020 farm lease. A Trustee’s Deed will be conveyed and an Owners Title Insurance Policy will be provided with the cost divided 50-50 between the buyer & seller. This property is being sold based on the acres as determined by a recent survey of the property by Midwest Land Surveying, Inc., with the acres understood to be more or less, with the survey costs and platting expenses, if any, to be paid by the sellers. All of the 2019 RE taxes payable in 2020, as well as all of the 2020 RE taxes payable in 2021 will be paid by the estate. The seller does not warranty or guarantee that existing fences lie on the true & correct boundary and new fencing, if any, will be the responsibility of the purchaser pursuant to SD law. FSA yields, bases, payments or other info. is estimated and subject to County Committee approval. Information contained herein is deemed to be correct but is not guaranteed. This property is sold subject to existing easements, restrictions, reservations or highways of record, if any, and subject to M’haha. Co. Zoning Ordinances. The RE licensees in this transaction stipulate that they are acting as agents for the seller. Sold subject to confirmation of the Trustee(s). For addt’l information, contact the auctioneers.
HEIRS OF CORNELIUS & ALBERTHA VANHOFWEGEN – The VanHofwegen Family Living Trust – Charles VanHofwegen & John VanHofwegen, Trustees
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 Assoc. – Flandreau, SD – ph. 605-864-8527