Nelson – 63.98 Acres of Unimproved Wall Lake Twp., Minnehaha Co., SD Land
November 3, 2022 @ 10:00 am
LAND AUCTION
Well Located +/-63.98 Surveyed Acres of Wall Lake Township, Minnehaha County Land with 1 Rural Housing Eligibility – This Land is Situated in a Pleasant Rural Country Setting with a Mixture of Cropland & Pasture and a Convenient Location within 6 Miles of Sioux Falls, SD
As Loma Nelson has moved to an assisted living complex in Sioux Falls, SD, she has decided to offer this real property at public auction, with the auction to be held “On Site” at the property located from the Jct. of 41st Street & I-29 (Exit #77) in Sioux Falls, SD – 6½ miles west on 41st St./267th St. (Co. Hwy. #148) to 465th Ave. (Country Villas Estates), then approx. ¼ mile north on 465th Ave. to the Southeast Corner of the Land; from Hartford, SD (Exit #387 – Jct. I-90 & 463rd Ave.) – 4 ½ miles south on Co. Hwy. #151/463rd Ave. to the Wall Lake Corner, then an additional 2 miles south on 463rd Ave., 2 miles east on 267th St. & ¼ mile north on 465th Ave.
THURSDAY NOVEMBER 3, 2022 Sale Time: 10:00 AM
AUCTIONEER’S NOTE: Loma Nelson and her Power of Attorney have made the decision to offer this multifaceted and well located parcel of land at public auction which has been in the Ruud/Nelson family for over 75 years, thus this auction truly presents a “Once in a Lifetime Opportunity” to purchase this parcel of land. This land is very well located and is conveniently located to Sioux Falls, SD, Hartford, SD, Wall Lake, 41st Street/267th Ave., SD Hwy. #42 and other area points of interest, which could make this a great location for utilization of the remaining Minnehaha County rural housing eligibility assigned to this land. This farm has a mixture of cropland, pasture/hayland and wildlife habitat and would make an excellent hobby type farm acreage. This property could provide a well located site for establishment of a new home, hobby farm, addition to an area row crop or crop/livestock farming operation or investment property .
This auction provides the opportunity to purchase a parcel of land with a combination of cropland, pasture/hayland, pockets of potential wildlife habitat and last but not least – a well located site for establishment of a rural residence or a combination of these or other suitable utilizations. According to a recent survey of this property this parcel contains a total of +/-63.98 acres. According to FSA information this farm has a total of approx. 42.04 acres of cropland with no established yields or bases. According information obtained from Surety Agri-Data, Inc. this farm has a weighted average productivity index of a 69.2, comparatively M’haha. Co. Assessor’s info. indicates this farm has an overall soil rating of .603. The general topography of this land is gently rolling to rolling, with some low lying pockets in various sectors of the property. The 2021 RE taxes payable in 2022 on this property were $1,336.04. According to M’haha. Co. P&Z this property has 1 remaining rural housing eligibility available. This land is located in an area next to the Country Villa Estates rural housing development which lies adjacent to the south side of the Nelson property, with an access to the west end of the Nelson land off of Valdez Road in the northwesterly sector of Country Villa Estates. If you are the market to purchase a parcel of land with a combination of amenities not commonly found in the Sioux Falls marketplace, then make plans to inspect this property prior to the auction and make arrangements for financing and your attendance at this auction.
LEGAL DESC.: The SE¼ of Sec. 26, T. 101N., R. 51W., (Wall Lake Twp.), Minnehaha County, SD, Except Country Villa Estates Addition & Except Tract 1 of Nelson’s Addition thereof – containing 63.98 acres M/L.
TERMS: Cash – A 10% nonrefundable earnest money payment on the day of the sale with the balance on or before December 16, 2022, with full possession for the 2023 crop. Marketable Title will be conveyed and an Owner’s Title Insurance Policy will be provided with the cost divided 50-50 between the buyer & seller, also Closing Agents Fees, if any, will be divided 50-50. This property is being sold based on the acres as stated on a survey as completed by Midwest Land Surveying, Inc., with acres understood to be more or less. All of the RE taxes payable in 2022 as well as all of the 2022 RE taxes payable in 2023 will be paid by the seller. 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 is subject to all Minnehaha County Zoning Ordinances. The RE licensees in this transaction stipulate that they are acting as agents for the seller. Sold subject to confirmation of the Owner and/or her Power of Attorney. Please mark your calendars and plan to attend this auction, or if you are unable to attend and need to make arrangements to bid by phone, then contact the auctioneers prior to sale day to make arrangements.
LOMA NELSON, Owner Marlin Elbers, Power of Attorney
CHUCK SUTTON – Auctioneer & Land Broker – Sioux Falls, SD – ph. 605-336-6315 & Flandreau, SD – ph. 605-997-3777;
JARED SUTTON, CAI – RE Auctioneer & Broker Assoc. – Flandreau, SD – ph. 605-864-8527
TOM & TED SOUVIGNIER – Auctioneers & RE Broker Associates – Canton, SD – ph. 605-987-2404