LAND & ACREAGE AUCTION
+/- 160 Acres of Badus Township Lake County, SD Land – To be Offered as Two Individual Parcels – Tract #1 – +/-152.48 Acres & Tract #2 – +/-7.52 Acre Acreage
Due to the multi-fractioned ownership, the Heirs of Tom Cassutt will offer the following real property at auction on site at the property located at 22453 452nd Ave. Ramona, SD: from Ramona, SD (north side) – 2 miles east on 225th St. & ½ mile north on 452nd Ave.; from Madison, SD – 8 miles north on US Hwy. #81 to 225th St. (Ramona Corner), then 2 miles west to 452nd Ave & ½ mile north.
THURSDAY OCTOBER 17, 2019 SALE TIME: 10:00 AM
This auction awards the opportunity to purchase 2 Individual Tracts – That at “No Time” will be Offered as a Single Combined Parcel. TRACT #1 is a +/-152.48 acre parcel of high percentage tillable cropland.
TRACT #2 is a +/-7.52 acre surveyed rural acreage site with some existing site improvements.
TRACT #1: Tract #1 consists of a +/- 152.48 acre parcel of cropland with a very respectable Lake Co. overall soil rating of .788, comparatively information obtained from Surety Agri Data, Inc. indicates an even better Productivity Index of 81.7 with a very large percentage of Class I & II soils. FSA information indicates this farm has 154.57 farmland acres, (some of which are incorporated in the acreage site that is being sold separately), with a 143.13 acres of cropland with a 117.5 acre corn base with a 102 bushel PLC yield a 20.2 acre wheat base with a 30 bushel PLC yield and a small soybean base. This farm is basically divided into two fields split by a waterway with a portion the waterway currently in grass/pasture which however some of this has a tillable history. The estimated 2019 real estate taxes due in 2020 are $3,210.34. This parcel of land would make an excellent addition to a current farming operation or as an investment.
Legal Desc.: The SE 1/4, Exc. Lot 1 Cassutt’s Addition, Sec 27, T 108N, R 53W (Badus Twp.) Lake Co., SD.
TRACT #2: +/-7.52 Acre Surveyed Acreage Site – This parcel will be offered separately and at no time will the two Tracts be offered together. Tract #1 is a +/-7.52 Acreage Site with some existing site improvement. This +/-7.52 acre acreage is situated in the far northeast corner of the farm. This acreage has an existing older two-story house that is not in livable condition and wood granary that is in very poor condition, thus this could potentially be an attractive site for construction of a new home, as there are established trees, utilities and other site improvements. There is electricity on site and a well that has previously been utilized as water source and there are established lawn and trees. There will be no open houses for interior inspection of the house. Based on a County Assessor’s estimate and a breakout of the present tax amount payable in 2019, the estimated 2019 real estate taxes payable in 2020 on this parcel are $542.74, although this amount in the future could substantially higher, onece this parcel is assessed as an individual parcel.
Legal Desc.: Lot 1 Cassutt’s Addition in SE1/4, Sec. 27, T 108N, R 53W (Badus Twp.) Lake Co., SD.
Terms: Cash: A 10% non-refundable earnest money deposit on each parcel sale day & and the balance due at closing on or before November 27, 2019 with possession. Warranty Deeds 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 sellers. The FSA farmland acres are estimated and are understood to be “more or less” and FSA yields, bases, payments & other information is estimated and not guaranteed and are subject to county committee approval. The sellers do 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. 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. 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. Sold subject to confirmation of the owners.
The Heirs of Tom Cassutt- Owners
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