Madsen – +/-854.48 Acres of Unimproved Clay & Yankton Co., SD Land

[vc_row][vc_column][vc_column_text]LAND AUCTION

+/-854.48 Acres of Productive Well Located Clay and Yankton County, SD Land – Situated on the Wakonda, SD and Irene, SD Area – Inclusive of Farms That Include Parcels With High Percentages Tillable & High Quality Cropland, Parcels with a Mixture of Cropland & Some Hunting & Recreational Wildlife Habitat – An Offering of Land With This Many Acres Will Have Land Suitable for Land Buyers of Varying Interests  – Including Row Crop Operators, Crop/Livestock Operators, Investors, Hunters & Wildlife Enthusiasts & Others In the Market for Southeastern SD Land!

 As both Leon and Wanetta Madsen are deceased, the Trustee of the Leon Madsen Residuary Trust, First Premier Bank Trust Dept., will offer the following real property at auction with the auction to be held On Site at each of the designated sale locations and sale times on …

WEDNESDAY SEPTEMBER 18, 2019

SALE TIMES: FARMS #1, #2 & #3 – 622.91 Acres – 10:00 AM  & FARM #4 – 231.57 Acres – 2:00 PM

Auctioneer’s Note:  This auction presents an opportunity to purchase 4 distinctly different parcels of Clay & Yankton County, SD land – Some with very high percentages of high quality cropland, some with mixtures of cropland and pasture and some with a mixture of cropland and hunting and recreational attributes.

**Auction brochure coming soon – please check back.**

We will offer FARMS #1, #2 & #3 – On Site at FARM #1 – Located from from Irene, SD (Watertower – Main Street & Hazel Ave) – 1 ½ miles east on Hwy. #46 and 1 mile south on 454^th Ave., with the NE Corner of the Farm #1 & the NW Corner of Farm #2 at the Jct. of 454^th Ave. and 298^th St.; or from Wakonda, SD – 4 miles north on Co. Hwy. (455^th Ave.) and 1 mile west on 298^th St. to the NE Corner of the Farm #1 & NW Corner of Farm #2 at the Jct. of 454^th Ave & 298^th St.

FARM #1 – LEON MADSEN TRUST – +/-334.20 Acres of Star Township Clay County, SD Land – LEGAL DESC.: The NE¼  (+/-169.24 Acres) and the SE¼, Except Madsen’s Tract 1 Contained therein, (+/-164.96 acres), all in Sec. 8, T. 95N., R. 53W., (Star Twp.), Clay County, SD –

This property will be offered as Tract 1A – The NE ¼ – +/-169.24 Acres; Tract 1B – The SE ¼ – +/-164.96 Acres or Tracts 1A & 1B Combined – The +/-334.20 Acre Unit.  FARM #1 as a unit has excellent eye appeal and a high percentage tillable, with the nontillable acres comprised of a tree grove with some abandoned structures, waterway & roads.  According to FSA information this farm is estimated to contain a total of approximately 331.74 acres of farmland and approximately 320.22 acres of cropland, although as a result of the survey it appears the cropland acres may be understated; and previously has had a 184.29 acre corn base with a 92 bu. PLC yield and a 116.39 acre soybean base with a 27 bu. PLC yield and under the previous USDA farm program was enrolled in the ARC County election.  According to Clay County Assessor’s information this farm was assessed as two individual parcels –  The NE¼ – which has a soil rating of .7642 and the RE taxes payable in 2019 on this parcel are – $5,502.70; and The SE¼ – which has a soil rating of .7840 and the RE taxes payable in 2019 on this parcel are – $5,353.24; by comparison info. obtained from Surety Agri-Data, Inc. indicates as a whole this property in its entirety has a weighted soil rating of 85.2 with the predominate soils comprised primarily of Class I & II soils; and individually Surety indicated the NE ¼ at an 83.2 and the SE ¼ at an 87.1.  The general topography of this land is gently rolling to somewhat undulating.

FARM #2 – WANETTA MADSEN TRUST – +/-145.41 Acres of Star Township Clay County, SD Land – LEGAL DESC.: The NW ¼, Except the E ½ of the NE ¼ of the NW ¼, Sec. 9, T. 95N., R. 53W., (Star Twp.), Clay County, SD – Located directly east of Farm #1 (Tract #1A) with the NW Corner of the land at the Jct. of 298^th St. & 454^th Ave.

This property will be offered as a +/-145.41 Acre Unit.  FARM #2 is a unique property with a combination of productive cropland and some grassland and wildlife production/hunting habitat inclusive of a large dugout/stock dam.  According to FSA information this farm is estimated to contain a total of approximately 141.54 acres of farmland which may be slightly understated, with  approximately 124.65 acres of cropland; and previously has had a 71.74 acre corn base with a 92 bu. PLC yield and a 45.31 acre soybean base with a 27 bu. PLC yield and under the previous USDA farm program was enrolled in the ARC County election.  According to Clay County Assessor’s information this farm was assessed as two individual parcels – The W½ NW¼ which has a soil rating of .6777 and the RE taxes payable in 2019 on this parcel are – $2,215.08; and the W½ NE¼ NW¼ & SW¼ NW¼ which has a soil rating of .6913 and the RE taxes payable in 2019 on this parcel are – $1,811.42; by comparison info. obtained from Surety Agri-Data, Inc. indicates as a whole this property in it’s entirety has a weighted soil rating of 74.3, with the predominate soils on the cropland acres comprised primarily of Class I & II soils, with lower quality soils in the grassland, drainage and non-tillable acres. The general topography of the cropland acres is gently rolling to rolling, and the topography of the grassland/non-cropland/hunting acres being somewhat variable.

FARM #3 – LEON MADSEN TRUST – +/-143.3 Acres of Star Township Clay County, SD Land – LEGAL DESC.: The SE ¼ of Sec. 20, T. 95N., R. 53W., (Star Twp.), Clay County, SD – Located from from Irene, SD (Watertower – Main Street & Hazel Ave) – 1 ½ miles east on Hwy. #46 and 3 ½ miles south on 454^th Ave. to the NE Corner of the Land; Located from the SE Corner of FARM #1 – 1 ½ miles south; or from Wakonda, SD – 1 mile north on Co. Hwy. (455^th Ave.) & 1 mile west on 301^st Ave. to the SE Corner of the Land at the Jct. of 301^st St. & 454^th Ave.

This property will be offered as a +/-143.3 Acre Unit.  FARM #3 is a unique property with a combination of productive cropland and some excellent hunting and wildlife production habitat comprised of a mixture of remnants of an old farmstead & mature tree grove, lowland/slough acres and other hunting & recreational acres.  According to FSA information this farm is estimated to contain a total of approximately 147.33 acres of farmland and approximately 118.27 acres of cropland, although as a result of the survey it appears the cropland acres may be slighty overstated, and previously has had a 68.09 acre corn base with a 92 bu. PLC yield and a 43.01 acre soybean base with a 27 bu. PLC yield and under the previous USDA farm program was enrolled in the ARC County election.  According to Clay County Assessor’s information this farm was assessed as one parcel and has a soil rating of .4806 and the RE taxes payable in 2019 on this parcel are – $3,017.86; by comparison info. obtained from Surety Agri-Data, Inc. indicates as a whole this property in it’s entirety has a weighted soil rating of 65.1.  “According to the Clay County Assessor, the acres in this property are stated to be approx. 155.56 acres.  This property surveyed at 151.35 total acres. However, within those 151.35 acres are 8.05 acres that lie between a fence and the northern boundary of the property. Therefore, the acres being sold have been decreased by 8.05 acres to account for this possible boundary issue. On the other hand, there are approximately 9.2 acres lying east of the property line but west of the existing roadway (454^th Ave.) which the current owners have occupied. This amount is not included in the acres being sold, but the buyer may have occupancy of this amount.  The property will be conveyed with a Trustee’s Deed to the 143.3 acres, and the Trust’s interest to the North and to the East will be conveyed by Quit Claim deeds with no charge for those areas.

2:00 PM – FARM #4 – LEON MADSEN TRUST – +/-231.57 Acres of Turkey Valley Township Yankton County, SD Land – LEGAL DESC.: The S½ NE¼ of Sec. 12, T. 96N., R. 54W.; together with the SE ¼ of Sec. 12, T. 96N., R. 54W.; Except Madsen Tract A Contained Therein; (Turkey Valley Twp.), Yankton County, SD.

To be offered “On Site” at FARM #4 – Located from Irene, SD (Jct. of Hwy. #46 & 452^nd Ave.), 4 miles north on Co. Hwy. (452^nd Ave) to the SE Corner of the land at the Jct. of 293^rd St. & 452^nd Ave.; or from Viborg, SD – 4 miles west on 291^st St, then 1 ¼ miles south on 452^nd Ave.

This property will be offered as a +/-231.57 Acre Unit.  FARM #4 is a well located parcel of land with a combination of productive cropland, some pasture, a couple nontillable pockets and roads.  According to FSA information this farm is estimated to contain a total of approximately 232.06 acres of farmland, which may be slightly overstated as a result of the survey, and approximately 193.05 acres of cropland and previously has had a 88.8 acre corn base with an 85 bu. PLC yield, a 9.4 acre soybean base with a 38 bu. PLC yield and a 9.0 acre wheat base with a 25 bu. PLC yield under the previous USDA farm program was enrolled in the ARC County election.  The nontillable acres on this farm are comprised primarily of grassland, drainage, some lowland pockets, trees & roads. According to Yankton County Assessor’s information this farm was assessed as one parcel  which has a soil rating of .775 and the RE taxes payable in 2019 on this parcel are – $5,951.20; by comparison info. obtained from Surety Agri-Data, Inc. indicates as a whole this property in its entirety has a weighted soil rating of an 80, with the predominate soils on the cropland acres comprised primarily of Class I, II & III soils; and lower quality soils in the grassland and non-tillable acres. The general topography of the cropland acres is gently rolling slightly hilly and the topography of the grassland/non-cropland/hunting acres being somewhat variable.

TERMS:  Cash – A 10% non-refundable downpayment on the day of the sale and the balance on or before Nov. 22, 2019 w/possession subject to the rights of the existing tenant to harvest the 2019 standing crops and the terms and provisions of the lease which expires on Feb 29, 2020.  Trustee’s Deeds will be conveyed, except as otherwise noted above, and owner’s title insurance will be provided w/the cost of the owner’s policy divided 50-50 between the buyer(s) & seller.  All of the 2019 RE taxes payable in 2020 will be paid by the Trust.  The acres are based on the acres as determined by a survey 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 purchaser(s) pursuant to SD Law.  FSA cropland acres, yields, bases, payments & other information are estimated and not guaranteed and are subject to County Committee Approval. Information contained herein is intended 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 Clay or Yankton County Zoning Ordinances.  The RE licensees in this transaction are acting as agents for the sellers.  Sold subject to confirmation of the Trustee.  For additional information, contact the auctioneers.

LEON MADSEN RESIDUARY TRUST, Owner

First Premier Bank Trust Department – Trustee – Sandy Schoenbeck – Trust Officer – Ph. 605-357-3060

CHUCK SUTTON – Auctioneer & Land Broker – Sioux Falls, SD – ph. 605-336-6315 & Flandreau, SD – ph. 605-997-3777

JARED SUTTON – RE Auctioneer & Broker Assoc. – Sioux Falls, SD – ph. 605-336-6315 or Cell Ph. 605-864-8527

TOM & TED SOUVIGNIER – RE Auctioneers & Broker Associates – Canton, SD – ph. 605-987-2404

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