Elverude & Rudebusch – 147.8 Acres of Unimproved Summit Twp., Lake Co., SD Land

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LAND AUCTION

147.8 ACRES +/- OF HIGHLY PRODUCTIVE FARMLAND IN SUMMIT TWP., LAKE CO., SD

We will offer at Public Auction the following described Real Estate located from Brookings, SD, South Main “S” Curve, 3 ½ miles west on 216^th Street (Hwy. 12), 4 miles south on 467^th Avenue, 2 miles west on 220^th Street, then ¼ mile south on 465^th Avenue or from Volga, SD, 9 ¼ miles south on 465^th Avenue.

Auction conducted at the property on:

FRIDAY, DECEMBER 29, 2017     SALE TIME: 10:00 A.M.

Tract I:  67.8 +/- acre unimproved farm located in highly productive Summit Twp. in Lake Co.  The farm presently has approximately 3,000‘ of farm tile.  According to Surety AgriData, this farm is made up of primarily Egan-Wentworth Complex and Egan Silty Clay Loam with a productivity index of 79.1.  The farm is signed up in Arc County Program and has a combined present corn and soybean base with the full acres in NE ¼ and N ½ of SW ¼.  The corn base is 93.3 acres with a PLC yield of 157 and soybean base is 93.3 acres with a PLC yield of 37 bushels for both farms.  This topnotch farm has a gentle rolling complex well-suited for raising corn or soybeans and would be ideal for an existing farm operator or investor.  This farm has been in the Elverud Family for 75 years.

Legal Description:  67.8 surveyed acres in NE ¼ of Section 2, except the north 1303.48 feet and except the south 242.87 feet of the north 1546.35 feet of the east 249.07 feet, Section 2, T-108-N, R-51-W.

Tract II:  80 +/- acre inside, unimproved farm, nearly all tillable at 77.36 acres.  The farm presently has approximately 2,000‘ of farm tile.  This productive farm, according to Surety AgriData, has a productivity index of 77.5 with predominately Egan-Wentworth and Egan-Beadle soils.  The farm would be ideal for present farmers or investors.  The property touches Tract I in the NE corner and has been in the Elverud Family for 43 years.

Legal Description:  N ½ of SW ¼ of Section 2, T-108-N, R-51-W.

We invite you to inspect this farmland at any time.  For additional information, contact the auctioneers or visit our website www.burlagepeterson.com.  Come prepared to buy!

TERMS:  10% non-refundable earnest money deposit due day of auction with balance due on or before February 7, 2018.  We will offer each tract individually or as a unit.  Title insurance and closing fee split 50/50 between buyer and sellers.  Sellers to pay 2017 real estate taxes.  Buyer or sellers may elect to do a 1031 exchange.  This property is sold subject to any easement, restrictions, reservations of record.    Information contained herein and all statements made herein believed to be accurate but not guaranteed.  Sold subject to confirmation of owner.  Auctioneers represent the sellers in this transaction.

Thomas Elverud and Janice Rudebusch – Owners

Terry Wieczorek, Brookings, SD, Attorney for Sellers

AUCTIONEERS & REALTORS                                                          AUCTIONEERS/LAND BROKER

Lenny & Tyler Burlage, Jim & Scott Peterson                                           Chuck Sutton   605-336-6315

Burlage Peterson Auctioneers & Realtors, LLC                                         Jared Sutton   605-864-8527

317 4^th St., Brookings SD   605-692-7102                                                   Flandreau & Sioux Falls SD[/vc_column_text][/vc_column][/vc_row]