Pederson – 2.2 Acre Improved Acreage and 38.2 Acres Unimproved Lake Co., SD Land

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ACREAGE & LAND AUCTION

2.2 Acre Improved Acreage with a Very Clean Well Maintained 2 Bedroom Home and Outbuildings, 38.2 Acres Unimproved or a Combined +/-40.5 Acre Improved Unit

As we are moving to be nearer family, we will offer the following real property at auction at the property located at 22824 449^th Ave. Madison, SD; from Madison, SD – 4 miles north on US Hwy. 81 to 224^th St., 5 miles west on 224thSt. to 449^th Ave., then ¾ mile north: or from Junius, SD – 1/2 mile east on Hwy. 34 to 449^th Ave. & 4 3/4 miles north on 449^th Ave.

 SALE DATE:  MONDAY JUNE 5, 2017              SALE TIME:  7:00 PM

OPEN HOUSE DATES – Sunday May 21^st from 1:00-3:00 PM; Wed. May 24^th from 6:00-8:00 PM  or by appointment by contacting Wayne Bessman – ph. 605-270-4980

This property has been surveyed and will be offered as TRACT #1 – The +/-2.2 Acre Improved Acreage; TRACT #2 – +/-38.2 Acres Unimproved or TRACTS #1 & #2 Combined – The +/-40.5 Acre Unit.

The improvements on Tract #1 – The +/-2.2 acre acreage site includes a very clean and well maintained one story home with the main floor comprised of an entry w/closet & laundry area, kitchen w/built-in wdn. cabinets, double oven & smooth top stove top; dining area; large living room; master bedroom w/linen/storage closet and an adjacent full bath with clothes closet; small bedroom w/closet & access to a ½ bath and a small den/office w/outside entrance – the main floor has carpet throughout; the home has an unfinished basement with poured concrete walls and contains a 100 AMP breaker service, Weather King LP gas furnace (central AC not working) & electric water heater.  The house will be sold inclusive of a GE auto washer & elec. dryer and Magic Chef frig/freezer.  This property is serviced by septic system with new septic tank in December 2014, Kingbrook Rural Water & Sioux Valley Energy.  Other improvements include a single unattached garage and barn/hog house. This acreage is situated in a quiet country setting with established lawn & trees.  TRACT #2 – (the bare land) currently is leased based on 33 acres of cropland, the remainder in lowland.  According to FSA info. as a unit this property has approx. 39.29 acres of cropland with a 17.25 acre corn base with a 123 bu. PLC yield and a 17.25 acre soybean base with a 30 bu. PLC yield. According to Surety Agri-Data this property has a soil index of 74.3, similarly Co. Assessors data shows this land has a OSR of .719.  If you are in the market for an improved acreage, a small parcel of cropland as an addition to a farming operation or investment or an improved hobby farm, then make plans to inspect this property and be in attendance at this auction

GENERAL LEGAL DESC.:: TR. #1 – +/-2.2 surveyed acres in the SW Corner of S½ N½ NW¼ ;#2 – +/-38.2 surveyed acres – The S½ N½ NW¼, Exc. +/-2.2 Acres in the SW Corner or TRACTS 1 & #2 Combined – +/-40.5 surveyed acres – The S½ N½ NW¼ – all in Sec. 17., T. 107N., R. 53W., (Farmington Twp.), Lake Co., SD – Actual Legals to be determined by Survey.

TERMS:  Cash – A 10% non-refundable earnest money downpayment on the date of sale and the balance on or before July 21, 2017.  Possession of the acreage at closing; and possession of the land subsequent to the harvest of the 2017 crops.  A Warranty Deed(s) will be conveyed and an owner’s title insurance provided with the cost of the owner’s policy divided 50-50 between the buyer and seller. A title company closing fee, if any, will be divided 50-50 between the buyer & seller.  All of the 2017 RE taxes payable in 2018 will be paid by the seller.  The acres and legal descriptions will be based on a survey as completed by Ron Golden Surveying, with the survey costs paid by the sellers.  The information contained herein is deemed to be correct, but is not guaranteed.  The RE licensees in this transaction are acting as agents for the seller. This property is sold in “AS IS” Condition with no contingencies whatsoever and is sold subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all county zoning ordinances. Sold subject to confirmation of the owners.

To Inspect the Acreage, Plan to Attend the Open Houses, or for an appointment contact the auctioneers.

Wayne C. & Arlene E. Pederson- Owners

Richard L. Ericsson of Ericsson Law Office, Prof, LLC

Madison, SD Ph. 605-256-4597

CHUCK SUTTON – Auctioneer & Land Broker

– Sioux Falls, SD – ph. 605-336-6315 & Flandreau, SD – ph. 605-997-3777 and

WAYNE BESSMAN – RE & Pers. Property Auctioneer – Madison, SD – ph. 605-256-4980

& JARED SUTTON – RE & Pers. Property Auctioneer – Flandreau, SD – ph. 605-864-8527[/vc_column_text][/vc_column][/vc_row]