Oyen Estate Land Auction – 132.31 Acres of Unimproved Benton Twp., Minnehaha Co., SD Land
November 30, 2022 @ 10:00 am
ESTATE LAND AUCTION
+/-132.31 Acres of Extremely Well Located Benton Twp., Minnehaha Co., SD Land – To be Offered as 2 Individual Parcels – Parcel #1 – +/-101.48 Acres of High Percentage Tillable Productive Cropland & 2 Rural Housing Eligibilities, Parcel #2 – +/-30.83 Acres of Pasture with No Rural Housing Eligibility or Parcels #1 & #2 Combined – The +/-132.31 Acre Unit
We will offer this rural acreage at auction “on site” at the property with the NE Corner of the Land located at the Jct. of 256th St (Co. Hwy #126) & 469th Ave.; from Crooks, SD – 1 mile north on 470th Ave. and 1 mile west on 256th St.; from Sioux Falls, SD (I-29 Exit #83 – Flying J Truckstop & Hwy. #38) – 3 miles north on I-29 to the Renner-Crooks Exit #86, then 2 miles west on 258th St., 2 miles north on 470th Ave. and 1 mile west on 256th St.; or from Hartford, SD (Jct. Hwy. #38 & Colton Road/464th Ave.) – 4 miles north on 464th Ave. and 5 miles east on 256th St.
WEDNESDAY NOVEMBER 30, 2022 SALE TIME: 10:00 AM
AUCTIONEER’S NOTE: Due to the multi-fractioned ownership in this land the Heirs of Ivan & Lois Oyen have made the decision to offer this property at public auction. This auction presents the opportunity to purchase land that has been in the Oyen Family since homesteaded by Ingebrigt Oyen in 1875. This land is extremely well located near Crooks, SD and is bordered on the north by a county oil highway and is situated in Benton Township, which is a highly regarded agricultural area and is a location where rural housing sites are in high demand in Minnehaha County, SD, and is an area where land ownership is especially tightly held and seldom becomes available for sale on the open market. If you are in the market for a parcel or parcels of productive Minnehaha County SD farmland and/or pasture to add to a row crop or crop-livestock farming operation or as an investment, then make plans to inspect this property and be in attendance at this auction!
This property has recently been surveyed and will be offered as PARCEL #1 – +/-101.48 Acres of High Percentage Tillable Productive Cropland with 2 Rural Housing Eligibilities, PARCEL #2 – +/-30.83 Acres of Pasture with No Rural Housing Eligibility or PARCELS #1 & #2 Combined – The +/-132.31 Acre Unit with 2 Housing Eligibilities
This auction presents the opportunity to purchase parcels of land suitable for utilization with a row crop farming operation, livestock operation or crop/livestock operation, as Parcel #1 is nearly all tillable and Parcel #2 is virtually all pastureland. Parcel #1 is a parcel which surveyed to contain a total of 101.48 acres, which according to FSA information appears to contain approx. 99.15 acres of cropland , while Parcel #2 is virtually all grassland pasture; the FSA information presently includes some additional cropland acres that are part of the acreage site of Monte Oyen who is also one of the owners of the land being sold, thus the FSA information will be subject to an FSA reconstitution subsequent to the sale of the land, although currently the FSA information is combined on +/-149.95 acres that includes 10.95 acres located west of the Oyen acreage that is not part of the property being sold, hence a slight adjustment in the cropland, yields and bases will be required – although presently this land as a 149.95 acre parcel has approx. 109.75 acres of cropland (+/-99.15 acres of cropland on the portion being sold within Parcel #1) with a current 50.95 acre corn base with a 144 bu. PLC yield and a 50.95 acre soybean base with a 43 bu. PLC yield, with the understanding that this information will be subject to an adjustment and a FSA reconstitution to determine the actual bases, yields and cropland assigned to the land being sold; currently this farm is enrolled in the County ARC Election of the USDA farm program. According to information obtained from Surety Agri-Data Inc. it indicates the soils productivity indexes on Parcel #1 are 74.7 with a gently rolling to rolling topography; on Parcel #2 are 41.1 with a level and somewhat low lying topography is areas along the Willow Creek and drainage; and overall Parcels #1 & #2 has a 66.9 soil index. Information obtained from the M’haha. Co. NRCS indicates that no certified wetland determination has been completed on this land. According to Minnehaha County Planning & Zoning the area included in Parcel #1 has 2 remaining rural housing eligibilities with 1 available in the NE ¼ NE ¼ and 1 by conditional use in the SW ¼ NE ¼. The 2021 RE taxes payable in 2022 on a larger 145.31 acres were $2,974.44 or approx. $20.47 per acre.
LEGAL DESC.: PARCEL #1 – Gov’t Lot 2 & the W ½ of Gov’t. Lot 1 of the NE ¼ all in Sec. 4, T. 102N., R. 50W., M’haha. Co., SD, Exc. Lot H-1 of the NE ¼ & Exc. Co. Auditor’s Tr. 1 (To be Replatted as the NE ¼, and Ec. Tr. 1 of Oyen Add’n. – +/-101.48 Acres; and PARCEL #2 – the E ½ of Gov’t. Lot 2 of the NW ¼, Exc. Lot H-1 of the NE ¼ NW and Exc. a Tract to be Platted as Tr. #2 of Oyen Add’n. thereof; together with the W ½ of Gov’t. Lot 2 of the NE ¼, exc. Tr. 1 of Oyen Add’n. & Exc. Parcel 2 thereof, all in Sec. 4, T. 102N., R. 50W., M’haha. Co., SD – +/-30.83 Acres.
TERMS: Cash – A 10% nonrefundable earnest money payment on the day of the sale with the balance on or before January 27, 2023, with possession subsequent to the harvest of the 2022 standing crops and the rights of the current tenant to harvest the 2022 crops. Marketable Title will be conveyed and owner’s title insurance policies will be provided with the cost of both the owner’s policy and closing agent’s fee – if any, divided 50-50 between the buyer & seller. This property is being sold based on the acres as stated on a recent survey as completed by Midwest Land Surveying, Inc., with acres understood to be more or less. All of the 2022 RE taxes payable in 2023 will be paid by the sellers. The sellers do 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 and other info. is estimated and is subject to an FSA Reconstitution & 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 subject to M’haha. Co. Zoning Ordinances. The RE licensees in this transaction stipulate that they are acting as agents for the seller. Sold subject to confirmation of the Owners. 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 for absentee bidding.
HEIRS OF IVAN & LOIS OYEN – Monte Oyen, Glenna Swier, Susan Anderson & Monica Lhotzky, Owners
CHUCK SUTTON – Auctioneer & Land Broker – Sioux Falls, SD – ph. 605-336-6315 & Flandreau, SD – ph. 605-997-3777 and
JARED SUTTON, CAI – RE Auctioneer & Broker Assoc. – Flandreau, SD – ph. 604-864-8527
& WAYNE BESSMAN – RE & Pers. Property Auctioneer – Madison, SD – 605-270-4980