Nicolai – 301.92 Acres of Unimproved Kingsbury & Miner Co., SD Land
June 29, 2022 @ 10:00 am
ESTATE LAND AUCTION
Multi-faceted +/-301.92 Acres Crop & Recreational Land – Inclusive of +/-223.03 Acres of Whitewood Township South, Kingsbury County, SD Land & +/-78.89 Acres of Bellview Township Miner County, SD Land – Situated in Southeastern Kingsbury County, SD & Northern Miner County, SD – Near Oldham, SD – Inclusive of a Mixture of Productive Cropland along with a Few Acres of Wildlife Habitat – To be Offered in Individual Parcels or as Combinations of Parcels
We will offer the following real property at auction “On Site” at the land located Madison, SD – 15 miles north on US Hwy. #81 to the Oldham Corner (218th St.), then 9 miles west to Oldham, SD (4 Way Stop/former Catholic Church), then continue 4 miles west on 218th St. to 441st Ave., then 1 mile south to the NW Corner of FARM #1 at the Jct. of 219th St. & 441st Ave; from Lake Preston, SD – 9 ½ miles south on 441st Ave, to the Oldham Road, then continue 1 mile south on 441st Ave. to the NW corner of the Farm #1; or from Howard, SD – 2 miles east on Hwy. #34, 15 miles north on 437th Ave. (Co. Hwy.) to the Oldham Road, then 4 miles east on 218th St. and 1 mile south on 441st Ave. to the NW corner of Farm #1.
WEDNESDAY JUNE 29, 2022 SALE TIME: 10:00 AM
This auction presents a great opportunity to purchase 2 well located parcels of land consisting of +/-223.03 acres situated in an excellent agricultural & hunting area of Kingsbury County, SD & +/-78.89 Acres in Miner County, SD, that is inclusive of a mixture of productive cropland, along with a few acres of grassland & hunting habitat. This Land lays virtually contiguous divided by 220th Street with FARM #1 being approx. 223.03 acres, that runs 1 mile north and south along 441st Ave. and bordered on the south by 220th Street (the Kingsbury/Miner County Line); and FARM #2 being approx. 78.89 Acres, that runs 1 mile east and west being bordered on the north by 220th Street (the Kingsbury/Miner Co. Line) and will be offered individually as FARM #1 – Parcel #1A – the North +/-118.23 Acres, Parcel #1B – the South +/-104.80 Acres or Parcels #1A & 1B Combined the +/- 223.03 Acre Unit, FARM #2 – +/-78.89 Acres or as a combination of Parcels #1B & Farm #2 – +/- 183.69 Acres or FARMS #1 & #2 Combined – the Entire +/- 301.92 Acres as a Combined Unit.
This land is sold subject to an existing cash lease for 2022, with the new buyer to receive rental payments on FARM #1 of $250.00 per acre on 205 acres for a total of $51,250.00 (which if divided into multiple parcels will be divided in accordance with the FSA cropland acres) and the buyer of FARM #2 to receive $250.00 per acre on 41 acres ($10,250.00) and $85.00 per acre on 29 acres of grassland/expired CRP with a cropland history ($2,465.00) or a total combined rent on FARM #2 of $12,715.00; with all rental credits to be credited to the buyer at closing, the term of this lease is from April 1st to Nov. 1, 2022 – providing ownership of the crop and the right to harvest said crop is the right of the tenant, with possession allowed subsequent to the harvest of the 2022 crops.
FARM #1 – +/-223.03 Acres – LEGAL DESC.: The NW ¼ and the N½ SW¼, Except Parcels 3 & 4 thereof, together with the SW¼ SW¼, all in Sec. 36, T. 109N., R. 55W., (Whitewood South Twp.), Kingsbury Co., SD, containing 223.04 Acres M/L according to the recent survey thereof.
Farm #1 consists of approx. +/-223.04 surveyed acres and is bordered on the north by 219th St. on the west by 441st Ave on the South by 220th Street and on the northeasterly three-fourths being bordered by a US Fish & Wildlife Production Area – which accentuates the hunting and recreational potential of this property. The fact that this property runs a full mile long north and south makes for excellent farmability with long rounds. According to FSA information this farm (Tr. 3842) has approx. 216.74 acres of farmland with approx. 206.26 acres of cropland with a 93.67 acre corn base with a 146 bu. PLC yield and a 93.11 acre soybean base with a 42 bu. PLC yield and is enrolled under the ARC County Election of the USDA farm program. The nontillable acres on this farm are comprised a +/-9.3 acre abandoned farmstead inclusive of remnants of some buildings & grove, as well as some lowland pockets, drainage and roads. The abandoned farmstead and tree grove is a haven for deer, waterfowl and other wildlife, especially since the east side borders the US Fish & Wildlife Production Area.
This farm has some productive soils and has respectable soil ratings as according to the Kingsbury Co. Assessor this property has soil ratings on +/-118.22 of .698, on +/-65.38 acres of .719 and on +/-40 acres of .760, similarly info. obtained from Surety Agri-Data, Inc. indicates that this parcel as a whole has a productivity index of 70.1. The general topography of this farm is gently rolling to rolling. According to US Fish & Wildlife there are no wetland easements on this property. The total 2021 RE taxes payable in 2022 on this property are $3,730.96. If you are in the market for a parcel of land with both income and recreational amenities, then make plans to inspect this property and be in attendance at this auction.
FARM #2 – +/-78.89 Surveyed Acres – LEGAL DESC.: Lots 1, 2, 3 & 4 in Sec. 2, T. 108N. R. 55W., (Bellview Twp.), Miner Co., SD. – Located directly southwest of FARM #1; or from Oldham, SD – 4 miles west and 2 miles south on 441st Ave. to the NE Corner of the land; or from Howard, SD – 2 miles east on Hwy. #34, 12 miles north on 437th Ave., 3 miles east on 221st St. and 1 mile north on 440th Ave. to the NW Corner of Farm #2 at the Jct. of 440th Ave. & 220th St.
Farm #2 consists of approx. 78.89 surveyed acres and is bordered on the north by 220th St. on the east by 441st Ave. (a grass road) and on the west by 440th Ave. This property runs a full mile long from east to west. According to FSA information this farm (Tr. 3838) has approx. 77.16 acres of farmland with approx. 71.27 acres of cropland with a 19.05 acre corn base with a 146 bu. PLC yield and a 18.94 acre soybean base with a 42 bu. PLC yield and is enrolled under the ARC County Election of the USDA farm program. At present and based on FSA info. it appears that approx. 41.94 acres is being row cropped with approx. 29.33 acres currently in grass (retired former CRP acres – not currently eligible for re-enrollment). This farm has some productive soils and has respectable soil ratings as according to the Miner Co. Assessor this property has an overall soil rating of .827, comparatively info. obtained from Surety Agri-Data, Inc. indicates that this parcel as a whole has a productivity index of 73.6. The general topography of this farm is gently rolling to rolling with a lowland pocket (+/-5.29 acres) on the east end of the farm. According to US Fish & Wildlife there are no wetland easements on this property. The total 2021 RE taxes payable in 2022 on this property are $1,414.56. If you are in the market for a parcel of land with both income and recreational amenities, then make plans to inspect this property and be in attendance at this auction.
TERMS: Cash – A 10% non-refundable earnest money payment on the day of the sale and the balance on or before August 12, 2022 with landlord’s possession subject to the existing farm lease for the 2022 crop year, with the buyer to receive a 2022 rental credit at closing. 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 will be paid by the sellers, with the buyer to be responsible for all of the 2022 RE taxes payable in 2023. The total acres in both Farms #1 & #2 are based on the acres as determined by a survey as completed by Midwest Land Surveying, Inc., with the acres are 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 County Zoning Ordinances. The RE licensees in this transaction are acting as agents for the agent for the owners. Sold subject to confirmation of the Trustee. To make arrangements for absentee bidding or other information contact the auctioneers.
REUBEN NICOLAI ESTATE TRUST, Owner – Steven Nicolai, Trustee
CHUCK SUTTON – Auctioneer & Land Broker – Sioux Falls, SD – ph. 605-336-6315 & Flandreau, SD – ph. 605-997-3777
JARED SUTTON, CAI – Auctioneer & RE Broker Associate – Flandreau, SD – ph. 605-864-8527
& WAYNE BESSMAN – RE Auctioneer – Madison, SD – ph. 605-270-4980