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D&J Ranch Properties, LLC – Etal – 146.91 Acres of Unimproved Red Rock Twp., Minnehaha Co., SD Land

December 28, 2023 @ 10:00 am

MINNEHAHA COUNTY, SD ESTATE LAND AUCTION

Multi-Parcel Surveyed +/-146.91 Acre Land Auction – To be Offered as 2 Individual Parcels or as a Whole – Situated in Red Rock Township, Minnehaha County, SD – Located Near I-90, Valley Springs, Brandon & Garretson, SD – This is an Extremely Well Located Parcel of Land Inclusive of Productive Cropland and Some Attractive Locations That Could Potentially Provide Desirable Sites for Future Utilization of the 2 Remaining Minnehaha County, SD Rural Housing Eligibilities – Both Eligibilities Currently Assigned to Parcel 2

Due to the current Multi-Fractioned Ownerships in this land and subsequent to the death of Dr. Dean & Jeraldine “Jerry” Johnson, the beneficiaries have made the decision to offer the following parcel of land at public auction, with the auction to be held “ON SITE” at the Land – which is located from the Valley-Springs/Garretson, SD Exit #410 on I-90 – ½ mile south on Co.#105 (486th Ave.) to the NE corner of the property; from the Brandon, SD – 4 miles east on I-90 to the Valley-Springs/Garretson, SD Exit #410 on I-90, then ½ mile south on 486th Ave; or from Valley Springs, SD – 1 mile west on 262nd St. and 1 mile north on 486th Ave.

THURSDAY DECEMBER 28, 2023              SALE TIME: 10:00 AM

 This auction presents an excellent opportunity to purchase a very well located parcel(s) of Red Rock Township, Minnehaha County, SD land. This farm has a very high percentage tillable and possesses some productive soils.  If you are in the market for a parcel of land with many excellent amenities to add to a row crop farming operation, as an addition to your investment portfolio and/or a construction location for a new rural home(s), then make plans to inspect this property and be in attendance at this auction, or contact the auctioneers to make arrangements for absentee bidding. 

This property will be Offered as PARCEL #1 – The East +/-72.76 Acres with No Remaining Housing Eligibilities; PARCEL #2 – The West +/-74.15 Acres with 2 Remaining Housing Eligibilities or as PARCELS #1 & #2 Combined – The +/-146.91 Acre Unit with 2 Housing Eligibilities.  According to Minnehaha County Planning and Zoning PARCEL #2 has 2 remaining rural housing eligibilities, currently assigned with 1 to the NW¼ NW¼ and 1 to the NE¼ NW¼.   According to FSA information this property has been identified as FSA Tract 10748 of Farm 6559 which has approx. 141.20 acres of Cropland with a total of 140.76 Crop Base Acres – comprised of an FSA 66.68 acre corn base with a 166 bu. PLC yield and a 74.08 acre soybean base with a 43 bu. PLC yield.  According to county assessor’s information this farm as a soil rating of a .786, similarly info. obtained from Surety Agri Data, Inc. indicates this land has an overall soil rating of 79.1.  There is a parcel excluded from SE corner of Parcel #1 which is a housing site occupied by a member of the Johnson Family; additionally, there is a parcel excluded from the NW corner of Parcel #2 which is owned by East River Electric, that is planned to be the future site of the Valley Springs Electrical Substation.  The 2022 RE taxes payable in 2023 on this property were $3,850.08; additionally, the sellers will also pay all of the 2023 RE taxes due and payable in 2024.  This is a very desirable parcel of land which has an extremely high percentage tillable, excellent eye appeal with a gently rolling to rolling topography and has a convenient location near I-90, Valley Springs, Brandon & Garretson, SD and is a short commute to Sioux Falls, SD.

LEGAL DESC.:  PARCEL #1 – The N ½ NE ¼ of Sec. 32, T. 102N., R. 47W., Except Tracts 1 & 2 of D & J Ranch Addition therein – containing +/-72.76 Acres; PARCEL #2 – The N ½ NW ¼, Except Lot 1 of Substation Addition therein, Sec. 32 T. 102N., R, 47W. -containing +/-74.15 Acres, all in (Red Rock Twp.), Minnehaha County, SD, containing a Combined Total of +/-146.91 Acres. 

TERMS:  Cash – A 10% non-refundable earnest money payment sale day on either individual parcel or the unit and the balance on or before February 15, 2024, subject to the existing farm lease, with full possession for the 2024 crop year.  Marketable title will be conveyed with an owner’s title insurance policy(s) provided with the cost divided 50-50 between the buyer and seller, additionally a title company closing fee, will be divided 50-50 between the buyer and seller.  All of the 2023 RE taxes payable in 2024 will be paid by the sellers.  This property is being sold in accordance with a recent survey as completed by Midwest Land Surveying, Inc., with the acres understood to be “more or less”.  The sellers do not warranty or guarantee that the existing fences lie on the on the true and correct boundary and new fencing, if any, will be the responsibility of the purchaser pursuant to SD law.  FSA cropland, yields, bases & other information is estimated and is not guaranteed and are subject County Committee approval.  Information provided herein is deemed to be correct but is not guaranteed.  This property is sold in “AS IS” CONDITION and subject to any existing easements, restrictions, reservations or highways of record if any, as well as any or all Minnehaha County Zoning Ordinances.  The RE licensees in this transaction are acting as agents for the seller.  Sold subject to confirmation of the Receiver. To make arrangements for absentee bidding or other information contact the auctioneers.

D & J RANCH PROPERTIES, LLC – Owners

Pamela R. Reiter – Reiter Law Firm, LLC – Court Appointed Receiver – Sioux Falls, SD – ph. 605-705-2900  

CHUCK SUTTON – Auctioneer & Land Broker – Sioux Falls, SD – ph. 605-336-6315

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

DEAN STOLTENBERG – Auctioneer & RE Broker Associate – Jasper, MN – ph. 507-829-6856

TOM SOUVIGNIER & TED SOUVIGNIER – Auctioneers & RE Broker Associates  – Canton, SD – 605-987-2404

Auction Details

Date:
December 28, 2023
Time:
10:00 am
Auction Categories:
, ,
Brochure
View PDF

Auctioneers

Chuck Sutton
Jared Sutton, CAI
Dean Stoltenberg
Tom & Ted Souvignier

Auction Details

Date:
December 28, 2023
Time:
10:00 am
Auction Categories:
, ,
Brochure
View PDF

Auctioneers

Chuck Sutton
Jared Sutton, CAI
Dean Stoltenberg
Tom & Ted Souvignier

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