Oehlke – +/-153.85 Acres of Lyons Twp., Minnehaha Co., SD Land – to be offered in 3 Parcels
March 22, 2019 @ 10:00 am
**AUCTION LOCATION MOVED TO THE CROOKS, SD COMMUNITY CENTER PARKING LOT!**
3 Parcels of Lyons Township Minnehaha County SD Land –
FARM #1 – +/-34.62 Acres with 1 Extraordinary Housing Eligibility and a High Percentage Tillable; FARM #2 – +/-73.62 Acres with a Mix of Productive Cropland & Pasture, Livestock Building, a Hoop Barn & Rural Water; and FARM #3 – +/-45.61 Acres with 1 Housing Eligibility and Areas with Vantage Points that have Terrific Views and a High Percentage Tillable
We will offer the following 3 Parcels of Land at Public Auction, with the auction to be held “On Site” at FARM #1 which is located from Sioux Falls, SD Jct. I-29 & Russell Street) – 5 miles north on I-29 to the Renner-Crooks Exit #86, then 1 block east, then 5 miles north on 472nd Ave. (Co. Hwy. #133) and 1/8th mile west on 253rd St.; from the Baltic, SD Exit #94 on I-29 – ½ mile east, 3 miles south on 472nd Ave and 1/8th mile west on 253rd St.
FRIDAY MARCH, 22, 2019 SALE TIME: 10:00 AM
FARM #1 – +/- 34.62 Acres w/1 Housing Eligibility – LEGAL DESC.: The N½ NE¼, Exc. Lot H-2 & Exc. the E. 296’ and Exc. Floren’s Add’n., Sec. 24, T. 103N., R. 50W., Minnehaha Co., SD.
Farm # 1 consists of an attractive +/-34.62 acre of land. Farm #1 has terrific potential for development of an extremely desirable site for construction of a new home and establishment of a very well located acreage in a scenic rural setting. This is a very well located parcel of land bordered on the north by 253rd Street and is a few hundred feet east of a County Oil Hwy. (472nd Ave.). According to M’haha. Co. Planning and Zoning this parcel has 1 remaining rural housing eligibility, thus this could be a great parcel of land upon which to establish a new rural home, along with a few additional acres that could make this a nice sized rural acreage/hobby farm. According to FSA information this parcel has approx. 31.68 acres of cropland with a 10.5 acre corn base with a 103 bu. PLC yield and a 10.77 acre soybean base with a 29 bu. PLC yield. This farm was Fall fertilized in 2018 in preparation for the 2019 crop year and at closing the buyer will reimburse the previous tenant $1,720.00 for the cost of the fertilizer applied., unless leased back to the current operator. According to the M’haha. Co. Assessor this parcel has an overall soil rating of .736, similarly information obtained from Surety Agri-Data indicates that this parcel has a soils productivity index of 74.2. This is a very good parcel of agricultural land with a high percentage tillable. The total 2018 RE Taxes payable in 2019 on this parcel are $1,076.60.
FARM #2 – +/- 68.99 Acres of Cropland/Pasture w/Livestock Building, Hoop Barn,, Rural Water & Electricity – Located from FARM #1 – 1/8 mile east, ½ mile north to and ¼ mile west on driveway; or from the Baltic Exit #94 on I-29 – ½ mile east, 2 ½ miles south on 472nd Ave. and ¼ mile west on the driveway that is located just north of the acreage at 25253 472nd Ave.
LEGAL DESC.: The W½ NE¼, (Exc. Lot H-1), Sec. 13, T. 103N., R. 50W., Minnehaha Co., SD exc. Lot H-1 contained therein and exc. that portion of Lot 2 of Raml Add’n contained therein.
Farm #2 consists of a +/-68.99 acre parcel of land with existing livestock improvements and utilities servicing the property and adjacent land comprised of a mixture of cropland and pasture. This property is accessed by a long driveway that runs east from a point just north of the residence at 25253 472nd Ave., that runs west to the southeast corner of the land, and then continues west and north to the farmstead. This is an excellent crop & livestock farm with improvements comprised of very nice pole barn (approx.36’’x60’) that would make an excellent calving barn, horse barn and loafing shed – this bldg. includes 5 pens with folding divide gates, a tack room, mezzanine storage space, open loafing area & electricity; a 30’x72’ quonset hoop barn presently utilized for hay storage; a galv. steel calf shelter; sucker rod loading alley; hip roof brooder house; auto. livestock fountain & hydrant; trees and shade for livestock and other incidental improvements. Furthermore this property is serviced by Minnehaha Community Rural Water & Sioux Valley Energy Rural Electric. According to M’haha. Co. Planning and Zoning this parcel has NO remaining rural housing eligibilities. According to FSA information this parcel has approx.39.26 acres of cropland with a 13.01 acre corn base with a 103 bu. PLC yield and a 13.35 acre soybean base with a 29 bu. PLC yield; the nontillable land consists of some hilly pasture which has a calf shelter and a windbreak fence and perimeter barbed wire fencing. According to the M’haha. Co. Assessor this parcel has an overall soil rating of .662, similarly information obtained from Surety Agri-Data indicates that this parcel has a soils productivity index of 69.0. FARM #2 is leased for the 2019 crop year at a rate on the cropland of $250.00/Ac. x 33.33 acres = $8,332.50 and $75.00/Ac. x 36 acres of grassland & bldg. site = $2700.00 for a total combined rounded amount of $11,035.00, which will be paid in full as a credit to the buyer at closing. The total 2018 RE Taxes payable in 2019 on this parcel are $2,024.90.
FARM #3 – +/-45.61 Acres – Located from the Baltic Exit #94 on I-29 – ¼ mile east on Hwy. #114 and approx. 1 ¼ miles south on 472nd Ave. (Hwy. #133) or from Baltic, SD – approx. 1 mile west and approx. 1 ¼ miles south on 472nd Ave; or from FARM #1 – 1/8 mile east and 1 ¾ miles north
Legal Desc.: Tract #8 of Moan’s Addition in Sec. 12, T. 103N., R. 50W., (Lyons Twp.), Minnehaha County, SD.
FARM #3 will be offered as an individual +/-45.61 acre surveyed and platted parcel of land. Farm #3 has terrific potential for development of a “One of a Kind” rural home site, as this property has hilltops that provide some wonderful vantage points affording tremendous views overlooking the Big Sioux River Valley. This property has a rolling to somewhat hilly topography and an excellent location lying adjacent to a County Oil Hwy. and near the Baltic Exit on I-29 and just minutes north of Sioux Falls, SD, furthermore this property is situated in an area where several new homes have been constructed in recent years, thus this is an extremely desirable parcel of land with both potential for establishment of a new rural residence combined with land that has excellent agricultural value from the productive farmland included with this parcel. FARM #3 is bordered on the west by I-29 and on the east by 472nd Ave. According to Minnehaha County Planning & Zoning this parcel has 1 rural housing eligibility by permitted use. According to M’haha. Community Rural Water a main line is located approx. 1/8 mile north at the existing residence located just north of this property. According to FSA information Parcel #3 has approx. 43.8 acres of cropland with a 21.7 acre corn base and a 142 bu. PLC yield and a 16.9 acre soybean base with a 39 bu PLC yield. According to the M’haha. Co. Assessor this parcel has an overall soil rating of .581, comparatively information obtained from Surety Agri-Data indicates that this parcel has a soils productivity index of 62.8. According to the tile map on this property, this land has been further enhanced by the installation of approx. 3,370’ of 4” drain tile in areas of this farm. FARM #3 is leased for the 2019 crop year at a rate of $230.00/Ac. x 45.32 acres, rounded to $10,425.00, which will be paid in full as a credit to the buyer at closing. If you are in the market for a unique parcel of land as a site for a new home, as a hobby farm or an addition to a farming operation, or as an investment, then make plans to inspect this property. If you are in the market for a smaller sized piece of land with a variety of excellent amenities that will be of interest to a myriad of buyers for a variety of suitable utilizations, then this farm deserves your utmost consideration.
TERMS: Cash – A 10% non-refundable downpayment on the day of the sale and the balance on or before May 10, 2019 w/full possession of Farm #1 to build on, farm or lease in 2019, with the current tenant interested in a leaseback of this parcel if a buyer should so desire; and Landlord’s Possession on Farms #2 & #3 – as these farms are under lease for the 2019 crop year, hence at closing the buyer(s) will receive a credit for the 2019 rent with full possession will be awarded to the buyer subject to the terms and provisions of the 2019 farm lease expiring on Feb 29, 2020. Marketable Title will be conveyed and owner’s title insurance will be provided w/the cost of the owner’s policy divided 50-50 between the buyer(s) & seller. Closing Agent’s Fees (Getty Title) will be paid by the sellers. All of the 2018 RE taxes payable in 2019 will be paid by the sellers, with the buyer to be responsible for 100% of the 2019 RE Taxes payable in 2020. The acres in FARMS #1, 2 & #3 are based on the acres as determined by a surveys as completed or to be 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 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 Minnehaha County Zoning Ordinances. The RE licensees in this transaction are acting as agents for the sellers. Sold subject to confirmation of the Trustees of the Kermit Oehlke Trust and the Betty Oehlke Trust. For additional information, contact the auctioneers.
KERMIT OEHLKE ESTATE TRUST & THE BETTY OEHLKE TRUST, Owners
CHUCK SUTTON – Auctioneer & Land Broker – Sioux Falls, SD – ph. 605-336-6315 & Flandreau, SD – ph. 605-997-3777
JIM DUNLAP – RE Broker – Dunlap Agri-Mgmt., Inc. – Sioux Falls, SD – ph. 605-332-3146
JARED SUTTON – RE Auctioneer & Broker Assoc. – Sioux Falls, SD- ph. 605-336-6315 or Cell Ph. 605-864-8527[/vc_column_text][/vc_column][/vc_row]