Larson Estate -148.65 Acres of Unimproved Land near Nunda SD
September 10, 2020 @ 10:00 am
LAND AUCTION
Attention – Row Crop Operators, Hunters & Wildlife Enthusiasts –148.65 Acres Near Nunda SD and Lying on the North and South of a Small Lake (US Fish & Wildlife Waterfowl Production Area)
In order the settle the David J. Larson Estate, we will offer the following real property at auction “On Site” at the land at the Jct. of 220B St. & 461st Ave. – the NW Corner of the Land; located from Nunda, SD – ½ mile south to the Jct. of 223rd St. & 460th Ave., then 1 mile east on 223rd St. and 1 ¾ miles north on 461st Ave.; from Madison, SD – 10 miles north on Hwy. #81 to the Nunda Corner, then 7 miles east on 461st St. and 1 ¾ miles north on 461st Ave.; or from the Ward-Nunda Exit #121 on I-29 – 11 ½ miles west on 223rd St. and 1 ¾ miles north on 461st Ave.
THURSDAY SEPTEMBER 10, 2020 SALE TIME: 10:00 AM
This property will be offered as two individual parcels as TRACT #1 – the North +/-76.75 Acres; TRACT #2 – the South +/-71.9 Acres or as TRACTS #1 & #2 Combined – the +/-148.65 Acre Unit.This is a very unique property that has a variety of desirable amenities that provided a combination of income and recreational amenities. The Tracts offered in this property are not contiguous, as Tract #1 – the N. +/-76.75 Acres lays on the north side of the quarter section and being north and northeast of a farmstead and small lake and Tract #2 lays south and southeast of the farmstead and small lake which is a US Fish & Wildlife Waterfowl Production Area. According to the US Fish & Wildlife Service office at Madison, SD – there are no wildlife easements attached to the Tracts being sold. According to FSA information their records indicate that this farm has approx. 144.78 acres of Farmland with a total of approx. 132.01 acres of Cropland (approx. 74.87 acres of cropland on Tr. #1 and 57.14 acres of cropland on Tr. #2), with a combined soybean base of 57.7 acres with a 29 bu. PLC yield, a 37.1 acre corn base with a 104 bu. yield and a 15.6 acre wheat base with a 37 bu. yield. The non-tillable acres are a combination of approx. 11.92 acres of grassland in Tr. #2 and lowland pockets and drainage on both tracts. According to Lake County Assessor’s information the north parcel (Tr. #1) has an overall soil rating of .750 and the south parcel (Tr. #2) has an overall soil rating of .589; comparatively information obtained from Surety Agri-Data, Inc. indicates a soils productivity index on Tr. #1 of a 71.7 and on Tr. #2 a 62 and a blended average on the combination of a 67. The cropland on this land is primarily upland with a gently rolling to somewhat hilly topography with some lowland pockets. This property lies in an excellent hunting area of Lake County with abundant waterfowl, deer, pheasants and other wildlife, with the hunting enhanced by the fact that there are numerous hunting an wildlife production areas, including one in the center of the quarter that divides Tracts #1 & #2, as well as numerous others within a close proximity to this land.
LEGAL DESC.:TRACT #1 -The SW ¼ of Sec. 5, T. 108N., R. 51W., (Summit Twp.), Lake Co., SD, Except the N. 2 Rods (33’) thereof; and exc. Parcel #1 of the plat of Lake Co. WA #3 contained therein and exc. that portion of Parcel #2 of the Plat of Lake Co. WA #3 contained therein; and exc. Tr. “A” of David Larson 1st Add’n.; TRACT #2 – Parcel #1 of the Plat of Lake Co. WA #3 in the S ½ SW ¼ of Sec. 5, T. 108N., R.51W., exc. that portion of Tract A of David Larson 1st Add’n.; Parcel 5 of Lake Co. WA #3 in the S ½ NE ¼ NW ¼ of Sec. 8, T. 108N., R. 51W; Together with the NW ¼ of the NW ¼ of Sec. 8, T. 108N., R. 51W., All in Summit Twp., Lake Co., SD.
TERMS: Cash – A 10% nonrefundable earnest money payment on the day of the sale with the balance on or before October 30, 2020 with full possession on March 1, 2021 for the 2021 crop year and subject to the rights of the current tenant to harvest the 2020 standing crops. Personal Representatives Deed(s) will be conveyed and Owners Title Insurance Policies will be provided with the cost divided 50-50 between the buyer & seller. Both Tracts being offered for sale have been surveyed and will be sold in accordance with the surveys as completed by Midwest Land Surveying, Inc., with acres understood to be more or less, with the survey costs to be paid by the estate. All of the 2019 RE taxes payable in 2020, as well as all of the 2020 RE taxes payable in 2021 will be paid by the estate. 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 personal representative.
DAVID J. LARSON ESTATE
Sam Goodhope – Personal Representative & Attorney for the Estate – Kading, Kunstle &Goodhope, LLP Law Firm – Sioux Falls, SD – ph. 605-336-1730
CHUCK SUTTON – Auctioneer & Land Broker & JARED SUTTON – RE Auctioneer – Sioux Falls, SD – ph. 605-336-6315 & Flandreau, SD – ph. 605-997-3777;
JARED SUTTON – RE Auctioneer & Broker Assoc. – Flandreau, SD – ph. 605-864-8527;
WAYNE BESSMAN – RE & Personal Property Auctioneer – Madison, SD – ph. 605-270-4980
& CHIP WOSJE – RE & Pers. Property Auctioneer – Nunda, SD – ph. 605-480-2847