Christiansen – 313.6 Acres of Cropland, Pasture & Possible Rural Building Sites with Close Proximity to Lake Madison, SD

ESTATE LAND AUCTION

MULTI-PARCEL LAND AUCTION – Consisting of +/-313.6 Acres of Extremely Well Located Productive Cropland & Pasture Situated in Lake View Township Lake County, SD Land – These Parcels Have a Combination of Rural Building Site & Other Development Potential, Agricultural & Recreational Aspects and Are Within a Close Proximity to Lake Madison & Long Lake, with One Tract Lying Adjacent to “The Harbor” Housing Development on Lake Madison – with Areas That Have Views of Lake Madison & the Area Countryside!

In order to settle the Paul Christiansen Estate, his heirs have decided to offer the following real properties at public auction, with the auction of both farms to be held “On Site” at FARM #1 – located from Prostrollo Motors in Madison, SD – Approx. 1½ miles east on Hwy. #34, approx. 2½ miles south on Hwy. #19, 2 miles east on Co. Hwy. #44/237^th St. (Sodak’s Marina Corner), then ½ mile north on 459^th Ave. to the Access Road into the property, then proceed west onto the land; or from the Lakes Golf Course – ½ mile south to 238^th St., then west approx. 2 ¼  miles on Co. Hwy. #44, ½ mile north on 459^th Ave. to the Access Road into the property, then proceed west onto the land (the access to the property from 459^th

 THURSDAY MORNING MAY 25, 2023             Sale Time:  10:00 AM

 This auction includes the offering of two highly sought after properties located near several existing housing and other existing area development, as well as expanding development occurring nearby located on the south side of Lake Madison and within a relatively close proximity to Round Lake and the Lakes Golf Course and Housing Development, Long Lake and other area points of interest.   This property has had a long period of ownership in the Christiansen Family for over 120 years with ownership dating back to 1899.  All of this land is currently being utilized as agricultural cropland and pasture, although, if you are in the market for a unique parcel or parcels of land with an upside for long term potential futuristic development opportunities due to the closeness of this land within a close proximity to Lake Madison and other expanding regional development in the vicinity, then get your financing in order, mark your calendars and plan to attend this auction and take advantage of this once in a lifetime opportunity to purchase this land.

 This Property will be Offered as – FARM #1 consisting of PARCEL 1A – The northern +/-89.07 surveyed acres presently utilized as grassland pasture; PARCEL 1B – The southern +/-152.66 surveyed acres with a high percentage tillable; or as PARCELS 1A & 1B Combined – +/-241.73 Surveyed Acres.

FARM #1: +/-241.73 Surveyed Acres – LEGAL DESC.:  To be Platted as Christiansen Trust Addition in Sec. 26, T. 106N., R. 52W., Lakeview Twp., Lake Co., SD.

This property is very unique, as the northerly portion of this property lies adjacent to ”The Harbor” Lakeside Housing Development and within a close proximity to Lake Madison, Walker’s Point State Park and other area points of interest.  Current access to the property(s) is provided from an owned 66’ access running westerly into the property from 459^th Ave.   459^th Ave. is also the access road to the Harbor & Walker’s Point State Park.   According to Lake County Planning and Zoning this parcel has areas which are zoned in 2 districts, with portions of the northerly sector of Farm #1 zoned under the Lake Park District – which allows for a variety of development for a variety of “Permitted and  Conditional Uses”; other areas within the property are zoned Agricultural and are indicated by Lake Co. P&Z to be within the 5 acre density level subject to all pertinent P&Z regulations and approval of plans for any contemplated change in use, with all future development plans or conformity in zoning being subject to any or all  existing Lake County Zoning Ordinances; Although subdivision requirements even within the Lake Park District would need to be approved by Lake Co. P&Z, furthermore this area and any future development would be subject to requirements of the Lake Madison Sanitary District & Water Availability from Big Sioux Community Rural Water; potential buyers are encouraged to review the Lake County zoning regulations for a better understanding and clarification and specifics pertaining to current zoning concerning this property with Lake County P&Z – ph. 605-256-7610.    According to FSA information this land is part of FSA Farm #7038 (Tract #4623) which is stated to contain 247.02 acres of Farmland and 171.86 acres of Cropland with an 80.63 acre corn base with a 143 bu. PLC yield and a 79.73 acre soybean base with a 42 bu. PLC yield.  According to County Assessor’s information the majority of this land has an overall soil rating on .627, comparatively information obtained from Surety Agri-Data, Inc., this property has an overall soil rating on the property in its entirety of 57.5, although when measured it appears that the cropland portion has a soil rating of 65.4 and the pasture area has a soil rating of 44.7.   The general topography of this land is gently rolling to rolling/hilly.  Farm #1 will be sold with the buyer to receive full possession PARCEL 1A (the pasture portion) at closing for the 2023 grazing season, although no excavation or development of any kind can be commenced prior to closing; PARCEL 1B (the cropland acres) will be sold subject to an existing cash lease for the 2023 crop year, with the buyer to receive a credit for the sellers enhanced 2023 cash rent at closing, based on 153  acres of cropland at $275.00 per acre rounded to a total amount of $42,100.00.

FARM #2: +/-71.87 Surveyed Acres – LEGAL DESC.: The W½ of the NW¼ and a Portion of Gov’t. Lot 2, all being south and westerly of the Road Right of Way thereof; all in Sec. 36, T. 106N., R. 52 W., Lakeview Twp., Lake Co., SD – according to the Certificate of Survey thereof.  Located from Prostrollo Motors in Madison, SD – Approx. 1½ miles east on Hwy. #34, approx. 2½ miles south on Hwy. #19, 2 miles east on Co. Hwy. #44 (237^th St.); or from the Lakes Golf Course – ½ mile south to 238^th St., then west approx. 2¼ miles on Co. Hwy. #44 – (the property is located SE of Sodak’s Marina).

This is an extremely well located +/-71.87 acre property which is lying between Long Lake and Lake Madison with approx. 2,138 feet of County Highway frontage along the northerly and easterly side of the property and the SW corner bordering Long Lake according to the survey thereof.  According to Lake County P&Z this property is presently zoned Ag with 5 acre minimum lot sizes and 150’ minimum frontage per lot, and currently is being utilized as agricultural farmland.  An added benefit to this property, is that at the expense of the sellers this property is being proposed to be annexed into the Lake Madison Sanitary Sewer District – which has been approved, by both the Sewer District and the Lake County Commissioners.  According to FSA information this land is part of FSA Farm #7038 (Tracts #2891 & #2027) which combined consist of 71.63 farmland and 71.63 acres of cropland with a combined 30.7 acre corn base with a 143 bu. PLC yield and a combined 30.5 acre soybean base with a 42 bu. PLC yield.  According to County Assessor’s information this land has an overall soil rating on 18 acres of .739 and on 49.3 acres of .761, comparatively information obtained from Surety Agri-Data, Inc., this property has an overall soil rating on the property in its entirety of 71.1.  The general topography of this land is gently rolling to rolling.  This parcel consisting of the cropland acres will be sold subject to an existing cash lease for the 2023 crop year, with the buyer to receive a credit for a sellers enhanced 2023 cash rent at closing, based on 71 acres of cropland at $275.00 per acre for a total rounded amount of $19,500.00.

TERMS: Cash: A 10% non-refundable earnest money payment sale day and the balance due at closing on or before July 12, 2023 with landlord’s possession on the cropland acres which are under a cash rental lease for 2023; the buyer will receive full possession of the pastureland at closing, although no excavation or development of any kind can be commenced prior to closing.  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 2022 RE taxes payable in 2023 to be paid by the seller, with the buyer to be responsible for all of the 2023 RE taxes due and payable in 2024. This property has been recently surveyed by Midwest Land Surveying, Inc., with a Preliminary Plat or Certificate of Survey prepared on Farm #1 (depending on whether the property sells in multiple parcels or as a single parcel;  and a Certificate of Survey provided on Farm #2; with platting and filing, if any, to be placed of record following the auction and to be of record prior to closing, with these properties to be sold with the acres in accordance with the surveyed acres, with the acres understood to be “more or less.”  The Estimated farmland acres are understood to be “more or less” and FSA cropland acres, yields, bases and other FSA information may 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 in accordance with any or all Lake County Zoning Ordinances.  Sold subject to confirmation of the Trustee.

PAUL E. CHRISTIANSEN ESTATE TRUST – Linda Heilman, Trustee

Richard L. Ericsson – Ericsson Law Prof., LLC – Attorney for the Trust – – Madison, SD – ph. 605-256-4597

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, CAI – RE Auctioneer & Broker Associate – Flandreau, SD – ph. 605-864-8527

DEAN GULBRANSON – RE Auctioneer – Madison, SD – ph. 605-695-0133