Cooley – 313.56 Acres of Unimproved Palisade & Edison Twp, Minnehaha Co., SD Land

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LAND AUCTION

313.56 Surveyed Acres of Well Located Palisade & Edison Twp., Minnehaha County SD Land with Parcels Lying Adjacent to and Nearby to the Palisades State Park & County Hwy. #109 (484^th Ave.) & Situated between Garretson, SD & Brandon, SD – Inclusive of Some Spectacular Potential Future Rural Building with Vantage Points with Views of Scenic Rock Formations & Overlooking Split Rock Creek and Views & Observations of the Railway, Trees, Wildlife & Other Aesthetic Rural Views of the Surrounding Countryside – This property as in Total has 11 Rural Housing Eligibilities by a Combination or Permitted & Conditional Use – Acreage Buyers Will Have the Opportunity to Buy 3 Individual Smaller Parcels of 40 Acres or Less with Housing Eligibilities – Parcel #1A – 7.38 Acres, Parcel #1B – 27.24 Acres and Parcel #4 – 39.92 Acres w/2 Housing Eligibilities; The Remaining Housing Eligibilities will Be Included With Larger Parcels of Agricultural Land

We will offer the following real property at auction at the land located from Garretson, SD –(Golf Course Corner – Jct. of 485^th Ave. & SD Hwy. #11/254^th St.) – 1 mile west on Hwy. #11, then 1 miles south on Co. Hwy. #109 (484^th Ave.) to the Northwest Corner of FARM #1; or from the Brandon-Corson, SD Exit #406 on I-90 – 2½  miles north on Hwy. #11, 2 miles east on Co. Hwy. #130 (258^th St.) and 3 miles north Co. Hwy. #109 (484^th Ave.) to the Northwest Corner of Farm #1 – **NOTE- The Jct. of 258^th St. & 484^th Ave. is the Location at Which Parcels #1, 2A, #3 & #4 All Are Located**

MONDAY NOVEMBER 12, 2018                                  SALE TIME:  10:00 AM

AUCTIONEER’S NOTE:  This auction is a historic event, as this auction includes land that has been in the Cooley Family for over 135 years with ownership dating back to the original homesteading in 1882 by Alfred Cooley.  This +/-313.86 Acres of Extremely Well Located Minnehaha County, SD Land Consists of 4 Primary Tracts of Land – From Which Various Parcels and Combinations of Sub-Tracts or Parcels Will Be Offered – Some of the Parcels to be Offered May Be Some of the Most Spectacular Locations for Establishment of Future Residential Acreage Sites to Be Found in Minnehaha County, as Some of the Potential Locations for Housing have Pizzazz that is almost impossible to find in any locale, as Some Vantage Points provide Aesthetic Views of the Palisades Park Rock Formations and Overlooking Split Rock Creek and Other Attractive Countryside Views!!  Don’t Just Take My Word For It – Come and SEE for YOURSELF!  Chuck Sutton

FARM #1 – +/-34.62 Acres – To be Offered as – Parcel 1A – +/- 7.39 Acres w/1 Rural Housing Eligibility; Parcel 1B –         +/-27.24 Acres w/Existing Older Home, Other Site Improvements & Pasture w/2 Rural Housing Eligibilities; or Parcels #1A & 1B Combined – +/-34.72 Acres.  LEGAL DESC.:  Proposed in accordance with the survey to be Platted as Parcels 1A & 1B of Cooley’s Add’n. in the NW ¼ and Part of the NW ¼ SW ¼, all lying N. or the Railway in Sec. 31, 103N., R. 47W., (Palisade Twp.), Minnehaha County, SD.

Farm #1 as a unit contains a total of +/-34.62 acres and according to FSA information this property is essentially all classified as non-tillable and is presently being utilized primarily as hayland/pasture, with the exception of 3.08 acres located northwest of the farmstead on Parcel 1B that is classified as cropland.  According to Surety Agri-Data this 34.62 acre parcel has a soil rating of 72.5.  PARCEL #1A is located east of the existing farmstead and is a triangular shaped piece of land that is sowed to grass containing approx. 7.38 Acres with approx. 1,264’ of frontage along 255^th St. which is a dead end road ending at the NE corner of this parcel and is situated between 255^th St. and the Railroad which divides this property from Palisades State Park – Parcel #1A has a high hill that could potentially provide a terrific residential construction site that might be adaptable for a walkout style home – According to M’haha. Co. P&Z this parcel has 1 rural housing eligibility; PARCEL 1B contains approx. 27.24 acres and is located northwest of the railroad and is bordered on the north by 255^th St. and on the west by 484^th Ave. and includes an existing home that is in poor condition and other incidental older improvements – The existing improvements have little, if any contributory value and most likely are “tear down” structures.  (Any temporary bldgs. and fencing is owned by the existing tenant) – The site does have an existing gravel driveway, electricity and water is provided by a well – Rural Water is located on the west side of 484^th Ave., for information concerning availability & cost, contact M’haha. Community RW at 605-428-3374.  According to M’haha. Co. P&Z this parcel has 2 rural housing eligibilities (1 presently assigned to the existing residence and 1 available).

 PARCEL #2 – 158.73 Acres – To be Offered as Parcel #2A – +/- 78.15 Acres & Parcel #2B – +/- 80.58 Acres or Parcels #2A & #2B Combined – The +/- 158.73 Acre Unit.  LEGAL DESC.:  Proposed Parcel 2A – Which Essentially is the E ½ NE ¼, Exc. RR & Proposed Parcel 2B – Essentially the NW ¼ NE ¼ & NE ¼ NW ¼ – All in Sec. 36, T. 103N., R. 48W.(Edison Twp.), M’haha. Co., SD.

According FSA information the land included in Parcels #2A & #2B contains approx. 152.19 acres of cropland.  This is an “L” shaped +/-158.73 acre parcel of land with Parcel #2A (+/-78.15 Acres ) lying north and south along the west side of 484^th Ave. and Parcel #2B is a +/- 80.58 acre parcel lying east and west along the south side of 255^th St.  According to the M’haha. Co. Assessor this parcel (#2A & #2B Combined) has an overall soil rating of .749, similarly information obtained from Surety Agri-Data indicates that this parcel has a soils productivity index of 75.  This is a very good parcel of agricultural land with a high percentage tillable.  According to M’haha. Co. Planning and Zoning this +/-158.73 acre parcel has a total of 4 rural housing eligibilities – 2 on Parcel #2A and 2 on Parcel #2B. The total 2017 RE Taxes payable in 2018 on this parcel were $5,137.24.

PARCEL #3 – +/-80.29 Acres – LEGAL DESC.: The S½ SE¼ of Sec. 25, T. 103N., R. 48W., (Edison Twp.), M’haha. Co., SD.

According FSA information the land included in Parcel #3 has approx. 75.02 acres of cropland.  This parcel of land lying east and west along the north side of 255^th St. and bordered on the east by 484^th Ave.  According to the M’haha. Co. Assessor this parcel has an overall soil rating of .706, likewise information obtained from Surety Agri-Data indicates that this parcel has a soils productivity index of 70.5.   This is a very good parcel of agricultural land with a high percentage tillable.  According to M’haha. Co. Planning and Zoning this parcel has 2 remaining rural housing eligibilities.  The total 2017 RE Taxes payable in 2018 on this parcel were $2,425.63.

According to FSA Info. Parcels #2 & #3 Combined have approx. 227.21 acres of cropland with a 81.84 acre corn base with a 161 bu. PLC yield and a 82.73 acre soybean base with a 44 bu. PLC yield.

PARCEL #4 – +/-39.92 Acres – LEGAL DESC.: The SW¼ SW¼ of Sec. 30, T. 103N., R. 47W., (Palisade Twp.), M’haha. Co., SD.

According FSA information the land included in Parcel #4 includes approx. 3.08 acres of cropland that is located in Parcel 1B, although the FSA aerial indicates that the land included in Parcel #4 has approx. 36.16 acres of cropland.  This parcel of land lying east of 464^th Ave and along the north side of 255^th St.   According to the M’haha. Co. Assessor this parcel has an overall soil rating of .646, similarly information obtained from Surety Agri-Data indicates that this parcel has a soils productivity index of 66.7.   This is a good parcel of agricultural land with a high percentage tillable, with a rolling terrain and areas that could potentially provide attractive locations for establishment of a rural housing site or sites.  According to M’haha. Co. Planning and Zoning and the recent transfer of an eligibility to this parcel, this parcel now has 2 rural housing eligibilities.  The total 2017 RE Taxes payable in 2018 on this parcel were $1,107.79.

TERMS:  CASH – A 10% nonrefundable earnest money payment sale day with the balance due at closing on or before January 11, 2019, with full possession for the 2019 crop year.  Marketable Title will be conveyed and owner’s title insurance provided with the cost of the owner’s policy to be divided 50-50 between the buyer and seller. This land is sold based on the acres as determined by a recent survey completed by Midwest Land Surveying, Inc., with all of the survey and platting costs paid by the sellers, with the acres sold being understood to be “more or less”.  The sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing, if any, will be the responsibility of the purchaser pursuant to SD law.  FSA cropland acres, yields, bases, payments and other information is estimated and not guaranteed and are subject to County Committee approval.  All of the 2018 RE taxes payable in 2019 will be paid by the sellers. This property is sold subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all applicable M’haha. Co. Zoning Ordinances.  Information contained herein is deemed to be correct but is not guaranteed. The RE licensees in this transaction stipulate that they are acting as agents for the owner.  Sold subject to confirmation of the owners.

RUTH A. COOLEY FAMILY LIMITED PARTNERSHIP, Owner

Ronald Cooley and Rick Cooley, Managing Partners

CHUCK SUTTON – Auctioneer & Land Broker

– Sioux Falls, SD – ph. 605-336-6315 & Flandreau, SD – ph. 605-997-3777;

DEAN STOLTENBERG – Auctioneer & RE Broker Associate – Jasper, MN – ph. 507-348-7352;

JARED SUTTON – Auctioneer & RE Broker Assoc. – Flandreau, SD – ph. 605-864-8527;

& BOB JULSON – RE Auctioneer & Broker Assoc. – Garretson, SD – ph. 605-351-2654[/vc_column_text][/vc_column][/vc_row]