Nicolai Estate Trust – 160 Acres of Unimproved Esmond East Twp., Kingsbury Co., SD Land
May 25, 2022 @ 10:00 am
ESTATE LAND AUCTION
+/-160 Acres of Choice Unimproved Esmond East Township Kingsbury County, SD Land– Located Near Carthage, SD
In order to settle the Estate of Reuben Nicolai, his trustee has made the decision to offer the following real property at auction, with the auction to be held “On Site” at the land – located from Carthage, SD (Jct. 222nd St. & 425th Ave.) – 4 miles north on Co. Hwy./425th Ave. and 1 mile east on 218th St. to the SW Corner of the land at the Jct. of 426th Ave. & 218th St.; or from Manchester, SD on US Hwy. #14 – 10 miles south on 425th Ave. and 1 mile east on 218th St.
WEDNESDAY MORNING MAY 25, 2022 SALE TIME: 10:00 AM
This auction awards an excellent opportunity to purchase +/-160 Acres of high percentage tillable cropland situated in Kingsbury, SD. This is a “Choice” farm with some high producing cropland with excellent soils, great eye appeal and a very high percentage tillable. This land is sold subject to an existing cash lease for 2022, with the new buyer to receive a seller’s rent credit at closing of $250.00 per acre on 160 acres for a total of $40,000.00 which will 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.
This choice +/-160 acre farm will be offered as a unit. This farm has a very high percentage tillable and must be seen to be appreciated. According to FSA information this +/-160 acre farm has approximately 158.52 acres of cropland with a 71.98 acre corn base with a 146 Bu. PLC Yield and a 71.65 acre soybean base with a 42 bu. PLC yield and is presently enrolled under the ARC County Election of the USDA farm program for Corn & Soybeans. According to the Kingsbury County Assessor this farm has an Overall Soil Rating of .742; comparatively according to information obtained from Surety Agri-Data Inc. this farm has a high soil productivity index of 80.0, with predominately Class II soils. The general topography of this land is level to gently rolling. The 2021 RE taxes due and payable in 2022 on this farm are $2,580.58. This land is situated in a very good agricultural area and would serve as an excellent addition to an area row crop operation or as an investment. If you are in the market for superb parcel of land with many desirable attributes, then make plans to inspect this property and be in attendance at this auction!!
LEGAL DESC: The SW¼ of Sec. 21, T. 109N., R. 57W., (Esmond Twp. East), Kingsbury County, SD.
TERMS: Cash – A 10% non-refundable earnest money payment on the day of the sale and the balance on or before July 8, 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, if any, 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(s) to be responsible for all of the 2022 RE taxes payable in 2023. The total acres are based on the acres as stated on the county tax records, with the acres 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 Kingsbury County Zoning Ordinances. The RE licensees in this transaction are acting as agents 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 – Auctioneer RE Broker Associate – Flandreau, SD – ph. 605-864-8527
& WAYNE BESSMAN – RE Auctioneer – Madison, SD – ph. 605-270-4980