Holmes Family – 36.19 Surveyed Acres of Unimproved Lyons Twp., Minnehaha Co., SD Land
May 5 @ 10:00 am
ESTATE LAND AUCTION
+/- 36.19 Surveyed Acres of Well Located Lyons Township, Minnehaha County, SD Land – Consisting of a Mixture of Cropland and Pasture with 2 Rural Housing Eligibilities– Located Between Crooks & Lyons SD
Due to the multi-fractioned ownership and number of beneficiaries, the Diane Holmes Family, LLC and the Holmes Family Trust, have made the decision to offer this property at Public Auction with the Auction to be Held “On Site” at the Land located from Lyons, SD (Central Farmers Coop Grain Terminal & Rosenbauer Fire Truck Mfg.) – approx. 1½ miles south on Co. Hwy. #143/467th Ave. to 254th St., 1 mile west on 254th St./Co. Hwy. #122 & 1/4th mile north on 466th Ave. to the SW Corner of the land; from Crooks, SD – approx. ½ mile north on Co. Hwy. (470th Ave.) to the Hwy. Curve, west 3 miles on 256th St., 1½ miles north on 467th Ave., 1 mile west on 254th St. (Co. Hwy. #122) & ¼ mile north on 466th Ave. to the SW Corner of the land; or only approx. 12 miles NW of Sioux Falls, SD.
FRIDAY MAY 5, 2023 Sale Time: 10:00 AM
Auctioneer’s Note: Attention Row Crop & Livestock Producers, Investors and Individuals Seeking a Well Located Property with Excellent Housing Potential for Establishment of a Rural Acreage Site(s). This is a well located parcel of land with a combination of cropland, pasture & trees. Decades ago this property +/-40 acre farm was divided into 2 – +/-20 acre parcels, but due to access issues to the pasture and the general size of the properties they have been operated as one common farming unit and now will be offered as one individual parcel, with the owners agreeing to apply the total sales price per acre equally to the acres owned. According to Minnehaha County Planning and Zoning there are two rural housing eligibilities – 1 assigned to the north +/-20 acres & 1 to the south +/-20 acres, although a significant portion of the property lies within the flood plain, thus requirements and limitations for use of the eligibilities may be imposed by County Zoning. This property is conveniently located to Crooks, Lyons & Sioux Falls, SD, I-29 & I-90, the Tri-Valley School Complex & other area points of Interest.
LEGAL DESC.: The S½ N½ of Lot 2 of the SW¼ Sec. 19, T. 103N., R. 50W, M’haha. Co., SD – Co. Parcel # 017634 – Containing +/-18.11 Surveyed Acres – Owned by the Holmes Family Trust; and The N½ N½ of Lot 2 in the SW¼ in Sec. 19, T. 103N., R. 50W, M’haha. Co., SD – Co. Parcel # 017633 – Containing +/-18.08 Surveyed Acres – Owned by the Diane Holmes Family, LLC – Together Containing a Total of +/-36.19 Surveyed Acres.
This Surveyed +/- 36.19 Acre Property Will Be Offered as One Combined Parcel of Land. This auction presents the opportunity to purchase parcel of land that has a great location and has a multiplicity of amenities – including a cropland, pasture, trees, wildlife habitat and 2 rural housing eligibilities attached to this property in accordance with Minnehaha County Planning & Zoning. This property is conveniently located to Lyons, Crooks, Hartford and Sioux Falls, SD and points of interest, as well as commuting to and from the property and farm to market access for transportation and marketing of grains and more!! According to FSA info. this property is carried as two individual parcels on their records – Tr. 12549 & Tr. 12550 – which together has approx. 25.69 acres of cropland and approx. 9.84 acres of pasture/grassland & trees, with the remainder in roads – also, according to FSA there are no established crop bases of yields assigned. According to information obtained from Surety Agri-Data this property in its entirety has a combined overall soil rating of 63.6. The general topography of the cropland acres are level to gently rolling with some lower lying land in the pasture and nontillable areas. According to M’haha. County Planning and Zoning – there are 2 available housing eligibilities with 1 assigned to Co. Parcel #17633 and 1 assigned to Co. Parcel #17634 – prospective buyers are invited to contact M’haha. Co. P&Z for specifics concerning the housing eligibilities. According to Minnehaha Community Rural Water has existing lines located run along the west side of the property on the east side of 466th Ave. – Individuals with questions concerning availability and costs for obtaining water should contact Minnehaha Rural Water @ 605-428-3374. The 2022 RE taxes payable in 2023 on this property on Parcel # 17633 are $1,966.68 and on Parcel # 17634 are $984.24 for a combined total of $2,950.92. This is a desirable parcel of land with housing possibilities and other appealing amenities that would make an excellent addition to an area crop/livestock operation, hobby farm or investment.
TERMS: CASH – A 15% nonrefundable earnest money payment on the day of the sale and the balance on or before June 16, 2023 with immediate full possession for the 2023 crop and grazing season. Marketable Title will be conveyed and an Owner’s Title Insurance policy(s) will be provided with the cost of the owner’s policy divided 50-50 between the buyer and seller. The Dell Rapids Law Firm will be the closing agent for this transaction, with the closing fees paid by the sellers. The acres being sold are based on the acres as determined by a survey as completed by Midwest Land Surveying, Inc., with the acres understood to be “more or less”. The sellers do not guarantee that existing fences lie on the true and correct boundary and any new fencing, if any, will be the responsibility of the buyer(s) pursuant to SD Law. All of the 2022 RE taxes due in 2023 will be paid by the sellers. This property is sold in “As Is Condition” and the 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, 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 Robert Harvey – Manager of the Diane Holmes Family, LLC and Marsha Holmes – Trustee of Holmes Family Trust.
This is a unique rural property with a variety of amenities that will make this a very desirable property for a variety of buyers. Tomake arrangements for absentee bidding or for additional information or questions, contact Chuck or Jared Sutton at Sutton Auction – 605-336-6315.
DIANE HOLMES FAMILY, LLC & THE HOLMES FAMILY TRUST, Owners –Robert D. Harvey, Manager, Marsha G. Holmes, Trustee
– Dean A. Hammer – Dell Rapids Law Firm – Attorney & Closing Agent for the Sellers- Dell Rapids, SD – ph. 605-428-5444
CHUCK SUTTON – Auctioneer & Land Broker – Sioux Falls, SD – ph. 605-336-6315 & Flandreau, SD – ph. 605-997-3777
JARED SUTTON, CAI – Auctioneer & RE Broker Assoc. – Flandreau, SD – ph. 605-864-8527
TOM & TED SOUVIGNIER – Auctioneers & RE Broker Associates – Canton, SD – ph. 605-987-2404