Nicolai Estate Trust – 70.73 Acres of Unimproved Grant Twp., Lincoln Co., SD Land
October 14, 2022 @ 10:00 am
ESTATE LAND AUCTION +/-70.73 Acres of High Percentage Tillable Productive Grant Township Lincoln County, SD Land
We will offer the following parcel of farmland at public auction, with the auction to be held “On Site” at the land located from the Canton Exit #62 on I-29 – 5½ miles west on Co. Hwy. (282nd St.) and 2¼ miles south on 465th Ave. to the NE corner of the land; from the Davis/Hurley Exit #59 on I-29- 5½ miles west on Hwy. #18 and ¾ mile north on 465th Ave. to the NE Corner of the land; or from Davis, SD – 4½ miles east on Hwy. #18 /285th St. & ¾ mile north on 465th Ave.
FRIDAY OCTOBER 14, 2022 SALE TIME: 10:00 AM
This auction awards the opportunity to purchase a very nice +/- 70.73 acre parcel of land with an extremely high percentage tillable that is situated in an excellent agricultural area in Grant Township in Lincoln County, SD – According to FSA information this farm has approx. 70.40 acres of farmland with 70.40 acres of cropland with a 44.76 acre corn base with a 122 bu. PLC yield and a 19.60 acre soybean base with a 33 bu. PLC yield. The general topography of this land is level to very gently rolling. According to the Lincoln County Assessor this land has an Overall Soil Rating of .838; similarly Surety Agri-Data info. indicates this land has an soil rating of 83.4. The 2021 RE taxes payable in 2022 on this land were $1,715.32. This is a parcel of land that is well suited to serve as an excellent addition to an area farming operation or investment.
LEGAL DESC.: The S½ NE¼, Exc. the S. 784’ of the E. 555’ thereof, Sec. 31, T. 98N., R. 51W., (Grant Twp.), Lincoln Co., SD.
TERMS: Cash – A 10% non-refundable earnest money payment sale day and the balance on or before Nov. 30, 2022, with possession awarded subsequent to the harvest of the 2022 crop and the existing farm lease that expires on Nov. 1, 2022 and the rights of the existing tenant to harvest the 2022 soybean crop. 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, as well as the 2022 RE taxes payable in 2023 will be paid by the estate. The total acres in in this farm are based on the acres as determined by a survey as completed by Midwest Land Surveying, Inc., 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 Lincoln 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
TOM & TED SOUVIGNIER – Auctioneers & RE Broker Associates – Canton, SD – ph. 605-987-2404