Hughes – 51.04 Acres of Unimproved Lynn Twp., Lincoln Co., SD Land
March 29, 2022 @ 10:00 am
LYNN TWP. LINCOLN COUNTY SD LAND AUCTION
Selling an “Extremely Well Located and “Choice” 51.04 Acre Parcel of Farmland Situated Along County Hwy 115 (Minnesota Ave.), and only 9 Miles South of Sioux Fall’s 85th St.
This is by far one of the most productive and choice bare land properties to ever sell in Lincoln County SD which will be sold “on site” located from the Jct. of 85th St and Minnesota Ave. just 9 miles south of Sioux Falls on County Hwy 115 (474th St.); or from Worthing SD, go 1.5 miles east to County Hwy 115 (474th St.), then 3/4 mile north on west side.
TUESDAY, MARCH 29TH, 2022 10:00 AM
This land offering is truly one of the “Best” parcels of land ever to be sold in Lincoln County which has been in the family since 1912. This 51.04 acre tract is virtually all tillable except for a small bin site and contains one very well located rural housing eligibility with a driveway off County Hwy 115 (Minnesota Ave. or 474th Ave.) According to Surety Agri-Data mapping, the three soils found are Wentworth-Chancellor silty clay loam Class Iw soil; Wentworth scl, Class I soil; and Tetonka silt loam, Class IVw soil, all with 0-2% slope creating an 89.8 Productivity Index. This land is virtually all tillable and contains a nearly level topography. FSA information states there are 50.1 Farmland and Cropland acres having a 24.88 corn base w/ 121 bu. PLC yield and a 24.88 acre soybean base with 34 bu. PLC yield. The land is sold subject to the existing 2022 farm lease with the buyer to receive a seller’s enhanced cash rent of $15,000 ($300/ac.) to be credited at closing. Presently there is a small grain bin, granary and corn crib on the property. South Lincoln Rural Water lines are located 1/4 mile north along 279th St. and available with est. costs of approx. $17,000. This would make for a prime location for a rural home building site with great access to Sioux Falls, the County seat of Canton and local grain markets. Be sure to inspect this property and then attend this prime land offering. For further information contact the Auctioneers.
Legal Description: Tract 2 of Wolski’s Addition in Gov’t Lots 1 & 2 in NE1/4, Section 3, Twp. 98N, R. 50W (Lynn Twp.), Lincoln County, SD
Terms: Cash. A 15% non-refundable earnest money payment day of sale with the balance due on or before May 12th, 2022 with Landlord’s possession. A clear deed and Owner’s Title Insurance policy provided with the cost of the title policy and Closing Agent’s fee (Lincoln County Title Co.) to be split 50/50 between the Buyer(s) and the Seller. Seller to pay all the 2021 RE taxes in amount of $1,164.72 due in 2022. Property sold by the surveyed and recorded acres and understood to be “more or less” and in “AS IS” condition subject to any existing easements, restrictions, reservations or Highways of record, if any. The FSA bases, yields and payments and other information are estimated and are not guaranteed and are subject to County Committee approval. The Licensees/Auctioneers in this transaction are acting solely as Agents for the Seller with the property sold subject to confirmation of the Seller.
LORRI and JOHN HUGHES, OWNERS – Boca Raton, FL
Tom Souvignier, RE Auctioneer & Broker Assoc., Canton SD (605) 987-2404
Ted Souvignier, RE Auctioneer & Broker Assoc., Canton SD (605) 660-3962
Chuck Sutton, Auctioneer & Land Broker, Sioux Falls SD (605)336-6315
Jared Sutton, RE Auctioneer & Broker Associate, Flandreau SD (605) 864-8527