Hottman Land – +/-141.95 Acres of Unimproved Lincoln Co., SD Land
May 5, 2022 @ 10:00 am
LAND AUCTION
EXTREMELY WELL LOCATED +/-141.95 ACRES OF LINCOLN COUNTY SD LAND LOCATED NEAR TEA, SD WITH 3 RURAL HOUSING ELIGIBILITIES
+/-141.95 Surveyed Acres of Very Well Located Delapre Township Lincoln County, SD Land – This Land has a Superb Location Situated Within 1 Mile of Tea, SD & Within 4 Miles of Sioux Falls, SD – This Land Features Some Scenic Areas with Nearby Wildlife Production Areas That Provide Some Extremely Desirable Future Potential Housing Sites for Utilization of the 3 Remaining Lincoln County Rural Housing Eligibilities – This property is Under Lease for the 2022 Crop Year
Due to the multi-fractioned ownership interest in this land, the First Premier Trust Department which has had this property under their supervision, has provided us the opportunity to offer this unique parcel of land at public auction. The auction will be held “On Site” at the land which is located from the Tea Exit #73 on I-29 – 3 ½ miles west on 271st St.; or from the Jct. of N. Heritage Parkway & E. Gateway Blvd. (Tea ADESA Auto Auction) – 2 miles west on E. Gateway Blvd./271st St.; from Sioux Falls, SD (41st St. Exit #77 on I-29) – 5 ½ miles west on 41st St. (267th St.) to the Hwy. #17, then approx. 4 miles south on Hwy. #17 (466th Ave) to 271st St. (Gordy’s Garage), then approx. ½ mile east on 271st St. (*NOTE – The Acreage in the SW Corner of the Property is NOT Included with the land being sold).
THURSDAY MAY 5, 2022 SALE TIME: 10:00 AM
This auction presents an excellent opportunity to purchase a very well located parcel of Lincoln County, SD land, which has a variety of excellent amenities not commonly found within such a close proximity to Tea & Sioux Falls, SD and other area points of interest. Furthermore, according to Lincoln County Planning & Zoning this property has 3 remaining housing eligibilities. If you are in the market a very desirable parcel of land with many excellent amenities to add to a row crop farming operation or as an addition to your investment portfolio, then make plans to inspect this property and be in attendance at this auction or contact the auctioneers to make arrangements for absentee bidding.
**NOTE – This property is currently under lease for the 2022 crop year. The new buyer will receive a seller enhanced rental rate of $250.00 per acre based on 129.7 FSA cropland acres for a total rental amount of $32,425.00, which will be credited to the buyer at closing.** According to a recent survey of the property as completed by Willadsen Lund Engineering of Sioux Falls, SD, this parcel contains a total of +/-141.95 acres. This is an extremely well located and somewhat scenic property, located within 1 mile of Tea, SD, within approx. 4 miles of Sioux Falls, SD and lying just ½ mile east of Hwy. #17 on 271st Street with the east side of the land bordered by 467th Ave. According to FSA information this property has approximately 139.7 acres of Farmland and approx. 129.7 acres designated as cropland, with an FSA 82.5 acre corn base with a 147 bu. PLC yield and a 15.5 acre soybean base with a 33 bu. PLC yield and is enrolled under the ARC County Election of the USDA farm program. According to the Lincoln County Assessor this land has an overall soil rating of .694, comparatively info. obtained from Surety Agri Data, Inc. indicates this land has a soil rating of 64.7. The nontillable acres are comprised primarily of a slough situated in the east central portion of the property, waterways and drainage. (**Note – the US Fish & Wildlife Production Area located in the northeast corner of the property – IS NOT INCLUDED in the portion being sold**) – although these areas provide for some scenic viewing of a variety of wildlife and waterfowl. According to Lincoln County Planning and Zoning this property has 3 rural housing eligibilities. This land has an excellent location conveniently located to progressive area communities, I-29 and area grain and ethanol facilities.
LEGAL DESC.: The SE¼, Except the S. 300’ of the W. 165’ and except Parcel 1 Federal Fish & Wildlife, Sec. 21, T. 100N., R. 51W., (Delapre Twp.), Lincoln County, SD.
TERMS: Cash – A 10% non-refundable earnest money payment on the day of the sale and the balance on or before June 22, 2022 with landlord’s possession subject to the existing farm lease for the 2022 crop year. Marketable title will be conveyed with an owners title insurance policy 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 2021 RE taxes payable in 2022 in the amount of $3,121.94, will be paid by the sellers. The total acres are based on a recent survey of the property as completed by Willadsen Lund Engineering of S. Falls, SD, with acres to be sold being 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 not guaranteed and are subject to county committee approval. Information contained 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 Lincoln County, SD Zoning Ordinances. The RE licensees in this transaction are acting as agents for the agent for the owners. Sold subject to confirmation of the owners. To view aerial maps, soils data and other information concerning this property see www.suttonauction.com or to make arrangements for absentee bidding or other information contact the auctioneers.
DAVID HOTTMANN, Etal – FIRST PREMIER BANK TRUST DEPARTMENT – Sandy Schoenbeck – Vice President Trust and Estates – Ph. 605-357-3060
CHUCK SUTTON – Auctioneer & Land Broker – Sioux Falls, SD – ph. 605-336-6315
JARED SUTTON, CAI – RE Auctioneer & Broker Assoc. – Flandreau, SD – ph. 605-864-8527
TOM & TED SOUVIGNIER – Auctioneers & RE Broker Associates – Canton, SD – 605-987-2404