Dailey – Estate Acreage & Land Auction

ESTATE ACREAGE & LAND AUCTION 

+/- 439.15 Acres of Choice High Producing Extremely Well Located Lone Rock Township, Moody County, SD Land – Situated in the Garden Spot of Eastern South Dakota 

We will offer the following real property at auction at the land located from Flandreau, SD – 3 miles south on Hwy. #13 (481^st Ave.), 5 miles east on Hwy. #34 and 4¾ miles south on 486^th Ave. to the Building Site on Farm #1 – Located at 23771 486^th Ave., Flandreau, SD (Property Actually Has a Pipestone, SD Address); from the Madison-Colman, SD Exit #109 on I-29 – 13½ miles east on Hwy. #34 and 4¾ miles south on 486^th Ave.; from Trent, SD – 9 miles east on Co. Hwy. #14 (240^th St.), 2 miles north on Co. Hwy. (487^th Ave, 1 mile west on 238^th St. to the SE Corner of Farm #1; from Ihlen, MN – approx. 4 miles west on MN 41st St. to the SD/MN State Line, then continue approx. ½ mile west on 240^th St, then 2 miles north on Co. Hwy. (487^th Ave, 1 mile west on 238^th St. to the SE Corner of Farm #1;  from Pipestone, MN – 7 miles west on MN Hwy. #30 to the SD/MN State Line, then  continue 1 ½ miles west on SD Hwy. #34 and 4¾ miles south on 486^th Ave. 

FRIDAY APRIL 30, 2021                        SALE TIME: 10:00 AM

To Inspect the Building Site, Plan to Attend the Open Houses on Wed. April 14^th from 5:00-8:00 pm; Sunday April 18^th from 1:00 to 4:00 pm or Wed. April 21st from 5:00 to 8:00 pm; or Contact Tobin Dailey, ph. 605-864-9838 or the Auctioneers for an Appointment.  

AUCTIONEERS NOTE:  This auction awards an opportunity to purchase a parcel or parcels of Choice High Caliber Lone Rock Township, Moody County, SD land that is situated in the “Garden Spot” of Eastern SD.  This auction is especially noteworthy that portions of this land has been in the Dailey Family since homesteaded, with ownership dating back over 140 years to 1881 and all of the land included on this auction has been acquired and owned by the Dailey Family since the late 1800’s and early 1900’s, thus this auction presents an opportunity of a lifetime to purchase this prime cropland.  The property on this auction includes farmstead/acreage site with an elegant older home, ample equipment & grain storage and more, furthermore the land being offered for sale includes parcels choice farmland with Farm #1 having very high percentages tillable and superb soils located, and Farm #2 includes land with a combination of very productive cropland and a few acres of pasture.  This has long been a highly regarded property, evidenced by the fact that this land has been the site of countless seed and show plots for many decades. All of this land is situated in one of the most highly regarded agricultural areas of Eastern SD.   If you are in the market for land as an addition to a row crop farming operation or as an investment, you will want to inspect this property and make plans to be in attendance at this auction.  Chuck Sutton 

This +/-439.15 Acres of Moody County, SD farmland will be offered as FARM #1 – +/-319.26 Acres – Parcel #1A – +/-7.96 Acre Improved Acreage/Farmstead; Parcel #1B – +/-151.48 Acres in the SE¼, excluding the Farmstead; Parcel #1C – +/-159.82 Acres in the NE¼; or Combinations of Parcels #1A & #1B – +/-159.44 Acres Improved – The Entire SE¼; Parcels #1B & #1C – All of the Bare Cropland in the SE¼ & NE¼ – +/- 311.3 Acres; or Parcels #1A, #1B & #1C – the Entire +/- 319.26 Acre Unit; and  FARM #2 – +/-119.89 Acres Unimproved – Located East and across the Hwy. from Parcel #1A.

THIS PROPERTY WILL BE SOLD SUBJECT TO AN EXISTING FARM LEASE FOR 2021 – with the buyer to receive a seller enhanced rent at closing on FARM #1 of $350.00 per acre on 302 acres of cropland for a total amount of $105,700.00, or if divided a prorated amount thereof, payable at closing and on FARM #2 – $325.00 per acre on 101 acres of cropland and $50.00 per acre on 13 acres of pasture for a total amount of $33,475.00 payable at closing. 

FARM #1:  +/-319.26 Surveyed Acres – Farm #1 will be offered in multiple parcels or as a unit.  The Bldg. Site includes an older 2 story house, abundant storage buildings & grain storage and the land being offered for sale on FARM #1 consists of a parcel of land with an extremely high percentage tillable and is inclusive of choice high caliber cropland with some spectacular soils.  The improvements on this property include an elegant older two story home that is in need of some cosmetic updating and repair, although the home appears to a great deal of potential, with the main level of the home comprised of an enclosed south entry, vintage interior entrance door with oval beveled glass to a dining room with an open staircase, and attractive archway with wooden varnished columns between the dining room and living room; a large living room which potentially could be divided to accommodate a main floor bedroom; a ½ bath, a kitchen with oak cabinets and a corner dining nook; a laundry/mud room and a west entry; the second story is accessed by an open staircase with varnished railing and the 2^nd story comprised of 3 bedrooms w/closets, 1 bedroom (no closet), a seasonal sun room, built-in hall storage and a full bath w/tub-shower unit; the home has a full basement under the main portion of the home and a crawl space under the kitchen addition and the basement includes a Lennox Pulse Furnace,  an elec. HW heater, 200 amp breaker electrical service and has 2 sump holes. The exterior of the home has older masonite siding and has asphalt shingles, gutters and downspouts that were replaced new in 2018.  Other improvements on the acreage include a metal garage approx. 30’x60 w/concrete floor and 2 overhead doors; 2 large steel shop/equipment/grain storage buildings w/concrete floors throughout, sliding doors on each end and electrical – the north bldg. being approx. 60’x150’ & the south bldg. being approx. 40’x150’ w/3 ph. & 110V. electricity to both; a Quonset  w/steel roof & concrete floor (approx. 40’x120’) w/Doors on each end and a north overhead door; and grain handling facilities including 2 – +/- 35,000 bu. round steel grain bins, a +/-1,500 bu. steel holding bin and a Kan-Sun continuous flow grain dryer which has not been used for many years;  the bin site has a newer upgraded electrical breaker service panel; the LP tank on the property is leased and is not included with the property. According to FSA information Farm #1 as a 320 acre unit has approximately 313.61 acres of farmland with 302.7 acres of cropland (the non-tillable acres are comprised of the farmstead, roads and approx. 6.74 acres of waterway & drainageway),  furthermore according to FSA info. Farm #1 has a 182.9 acre corn base with a 170 bu. PLC yield and a 117.4 acre soybean base with a 45 bu. PLC yield and has been enrolled under the ARC County election of the USDA farm program.  According to NRCS information there has been a “Certified Wetland Determination” completed on this land.  According to the Moody County Assessor FARM #1 (the 320 acre parcel) has an overall soil rating of .872, similarly info. obtained from Surety Agri-Data, Inc. indicates FARM #1 has a Soil Productivity Index of an 88.3.  This is a choice farm which has excellent soils and also has a significant amount of drain tile, making this a terrific parcel of cropland with superb farmability.  The 2020 RE Taxes payable in 2021 on this property in its entirety are $11,401.12. Legal Desc.:  The East Half (E½) of Sec. 32, T. 106N., R. 47W., (Lone Rock Twp.), Moody County, SD.

FARM #2:  +/-119.89 Acres – Farm #2 will be offered as an individual parcel and will not be included in any combinations – According to FSA information Farm #2 has approximately 114.55 acres of farmland with 101.44 acres of cropland (the non-tillable acres are comprised primarily of the pastureland, roads and a small triangle grassed area located southwest of the highway curve at the Jct. of 486^th Ave. & 238^th St.; furthermore this fam has an FSA 56.1 acre corn base with a 167 bu. PLC yield and a 44.3 acre soybean base with a 45 bu. PLC yield and has been enrolled under the PLC Election for Corn and the ARC County election for soybeans of the USDA farm program.  According to NRCS information there has been a “Certified Wetland Determination” completed on this land.  According to the Moody County Assessor FARM #2 has an overall soil rating of .814, comparatively info. obtained from Surety Agri-Data, Inc. indicates FARM #2 has a Soil Productivity Index of 78.4.  This is a choice farm which has excellent soils and also has a small amount of drain tile in the cropland acres. The pasture acres currently are unfenced and are being utilized by an adjacent landowner.  The 2020 RE Taxes payable in 2021 on this property in its entirety are $3,411.02.  Legal Desc.:  The SW¼ SE¼ and the S½ SW¼ all in of Sec. 33, T. 106N., R. 47W., (Lone Rock Twp.), Moody County, SD. 

TERMS: Cash – A 10% nonrefundable earnest money payment on the day of the sale with the balance on or before June 16, 2021, with landlord’s possession for the 2021 crop year – with the buyer to receive the 2021 seller enhanced cash rental amounts, with full possession for the 2022 crop year, subject to the rights of the current tenant to harvest the 2021 crops in accordance with the 2021 farm lease.  Marketable Title will be conveyed and an Owner’s Title Insurance Policy will be provided with the cost divided 50-50 between the buyer & seller.   These properties will be sold in accordance to surveys as completed by Midwest Land Surveying, Inc. and the surveyed acres are understood to be “more or less”.  All of the 2020 RE taxes payable in 2021, will be paid by the estate/sellers, with the buyer(s) to be responsible for all of the 2021 RE taxes payable in 2022.  The sellers do 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 Moody 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 owners.

To Inspect the Building Site, Plan to Attend the Open Houses on Wed. April 14^th, Sun. April 18^th or Wed. April 21st or Contact Tobin Dailey, ph. 605-864-9838 or the Auctioneers for an Appointment. The properties included on this auction have the potential to fulfill the needs of a variety of buyers including those looking for an acreage with a remodelable house, outbuildings with ample equipment & grain storage and  extremely high quality productive cropland to add to their farming operation and/or their investment portfolio.  These are extremely desirable parcels of high caliber land that truly must be seen to be appreciated!  Please mark your calendars and plan to attend this auction, or if you are unable to attend and need to make arrangements to bid by phone, then contact the auctioneers prior to sale day to make arrangements.

 HEIRS OF KENNETH & HELEN DAILEY – Owners of Farm #1 – William Dailey, Dean Dailey, Sharon “Wilts” Dailey, Collen Kuechle, Kevin Dailey, Frank Dailey, Tobin Dailey & Brian Dailey

DEAN DAILEY, TOBIN DAILEY & SHARON “WILTS” DAILEY – Owners of Farm #2

 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 Associate – Flandreau, SD – ph. 605-864-8527