Haugmo & Roling – 154.61 Acres of Unimproved Franklin Twp., Lake Co., SD Land

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LAND AUCTION

154.61 Acres of Franklin Township Lake County SD Land – Situated along the Southern Tier of Lake County and Adjacent to the Minnehaha County Line

ATTENTION!! – Row Crop Operators, Hunting & Wildlife Enthusiasts, Investors & Others in the Market for a Multifaceted Piece of Land

We will offer the following real property at auction at the land located from Madison, SD – 1 ½ miles east on Hwy. #34, then 9 ½ miles south on Hwy. #19 and 2 miles east on 244^th St. to the SE Corner of the Land at the Jct. of 459^th Ave. & 244^th St.; from the Franklin Corner on Hwy. #19 – 3 miles south on Hwy. #19 and 2 miles east on 244^th St.; from Chester, SD – 3 miles west on 241^st St., 3 miles south on Co. Hwy. (461^st Ave.) and 2 miles west on 244^th St.; from Colton, SD – 3 miles west on Co. Hwy. (248^th St.), 4 miles north on 461^st Ave. (Hwy. #155) to the County Line, then 2 miles east on 244^th St.

SALE DATE:  THURSDAY NOVEMBER 8, 2018                SALE TIME:  10:00 AM

This auction presents a great opportunity to purchase a productive parcel of Lake County, SD land that has been in the Haugmo & Roling families for many decades.  This is farm that has a mixture of productive cropland, along with some areas that may provide a haven for deer, pheasants, waterfowl and other wildlife, thus this property affords a combination of income, hunting and recreational opportunities, uncommonly found on one parcel of land.  According to FSA information this +/-154.61 acre farm has approx. 134.77 acres of cropland, with an FSA 125.06 acre corn base with a 143 bu. PLC yield and a 3.74 acre soybean base with a 44 bu. PLC yield, with this farm enrolled under the ARC County election of the USDA farm program. The nontillable portion of this farm are comprised of some pasture, grassland, creek, lowland and roads.  According to the Lake Co. Assessor this parcel has an Overall Soil Rating of .706, similarly info. obtained from Surety Agri Data, Inc. indicates that this farm has an overall productivity index of 70.7.  This general topography of this land is level to gently rolling, with some low lying land in the lowland and drainage areas.  The 2017 RE taxes payable in 2018 on this property were $2,960.00.  This land is located in Franklin Township in southern Lake County bordering Taopi Twp. in Minnehaha County, which is a highly regarded agricultural and recreational/hunting area. This is a farm that could serve as an excellent addition to an area row crop farming operation and/or investment property, complemented by some excellent hunting and recreational opportunities.

LEGAL DESC.:  The SE ¼, Except Lot 1 & Lot 2 of Henry Laun Add’n., in Sec. 35, T. 105N. R. 52W., (Franklin Twp.), Lake Co., SD.

TERMS: Cash – A 10% nonrefundable earnest money payment sale day & the balance on or before Dec. 20, 2018.   Warranty Deeds will be conveyed and owner’s title insurance provided with the cost divided 50-50 between the buyer and seller.  Jay Leibel, Attorney at Law or his designee will act as the closing agent for this transaction, with the legal costs and closing agent’s fees to be paid by the sellers.  All of the 2018 RE taxes payable in 2019 will be paid by the sellers.  This property will be sold based on the acres stated on the county tax records, with acres understood to be more or less.  The seller does 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 Lake 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 owner.  For additional information contact the auctioneers or see www.suttonauction.com

 HAUGMO & ROLING FAMILY HEIRS, Owners

Jay Leibel – Leibel Law Firm, Prof. LLC – Attorney for the Sellers & Closing Agent – Madison, SD – ph. 605-427-1805

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

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