Powell – Acreage Auction
July 25 @ 7:00 pm
+/- 5.37 Acre Surveyed Acreage with a “Fixer Upper” 2 Bedroom One Story Home, Single Garage & Shop/Livestock Building, Rural Water & Electricity, Mature Trees & a Few Ancillary Acres of Land Providing Area to Accommodate a Few Head of Livestock and/or Crop/Hayland Located Near Rutland, SD
We will offer the following real property at auction at the acreage – Located at 46147 227th St., Rutland, SD; from the Rutland Corner (Jct. 228th St and 462nd Ave.) – 1 mile north on 462nd Ave. and ½ mile west on 227th St.; from Madison, SD – 5 miles north on Hwy. #81, 8 miles east on 228th St., 1 mile north on 462nd Ave. and ½ mile west on 227th St.; or from Brookings, SD – Approx. 20 miles southwest.
TUESDAY JULY 25, 2023 SALE TIME: 7:00 PM
Open House Dates – Sun. July 9th from 1:00 to 3:00 or Wed. July 12th from 6:00 to 8:00 PM or Shown by Appointment Arranged with the Auctioneers
AUCTIONEERS NOTE: If you are in the market for a fixer upper acreage or a rural site for a new home, then this acreage has a great deal of potential and deserves your attention. The residence on this property needs some cosmetic repairs and updates but could be transformed into a very nice home that is complemented by other outbuildings and room for a few head of horses or other livestock. This property is conveniently located to Rutland, Madison, Nunda, Brookings, & Arlington, SD and other area communities and points of interest.
Affordable acreages are a limited commodity on the market and are hard to come by, so mark your calendars and make plans to inspect this property, either by attending the open houses or by an appointment arranged with the auctioneers. This acreage being offered on this auction is a sizeable +/- 5.37 acre parcel of land with a modest set of improvements and includes a one story home, single garage, a shop/livestock building, establishes tree groves and other site improvements. The residence on this property is a one story home comprised of an open front deck, enclosed front entry, living room, dining room, kitchen, 2 bedrooms w/closets, ¾ bath, main floor laundry and a rear entry; the home has an exterior entrance to the basement which includes a Lennox Pulse furnace, elec. HW heater and a fused elec. service; the exterior of the home has wooden siding and a steel roof. Other improvements include a single garage w/overhead door and a former steel clad livestock building which was converted to shop use by the most recent occupant and has a plywood lined interior and electricity. The property has an owned 500 gal. LP tank and is serviced by Big Sioux Community Rural Water and Sioux Valley Energy Rural Electric. This acreage has numerous trees and 2 large groves on the west side of the property. There is an open area between the tree groves that is presently utilized as cropland and with the site being 5+ acres in size, this acreage could have space for keeping a few head of livestock and/or are that could be potentially utilized as cropland, pasture or hayland.
LEGAL DESC.: +/-5.37 Acres to be platted and described as Powell Addition in the N½ NW¼ of Sec. 8, T. 107N., R. 5`W, (Rutland Twp.), Lake County, SD – containing +/-5.37 acres according to the survey thereof.
TERMS: Cash – A 10% non-refundable earnest money payment on sale day and the balance on or before Sept. 8, 2023 with possession. A Warranty Deed will be conveyed and owners 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. The RE taxes presently are unknown as the 2022 RE taxes payable in 2023 were included as part of a larger parcel, thus the actual tax amount is unknown, but based on a county assessor’s estimate the RE taxes for 2023 will be prorated based on an estimated non-owner occupied tax amount of $643.73, although this amount is only an estimate and the actual tax amount could be higher. The acres in this property are based on a survey and plat of the property by Midwest Land Surveying, Inc., with the acres understood to be “more or less”. This property is sold in “AS IS” condition, with no contingencies whatsoever, furthermore, the seller has never resided on the premises, thus the information on the seller’s property condition disclosure statement is merely to the best of their knowledge, which is very limited. This property is sold subject to any existing easements, restrictions, reservations or highways of record, as well as being subject to any or all Lake County zoning ordinances. Any or all fencing around the perimeter of the acreage will be the responsibility of the buyer(s). 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. Sold subject to confirmation of the owner. To Inspect the Acreage plan to Attend the Open Houses, or for an appointment or additional information, contact the auctioneers.
PAMELA POWELL, Owner
CHUCK SUTTON – Auctioneer & Land Broker – Sioux Falls, SD – ph. 605-336-6315 & Flandreau, SD – ph. 605-997-3777
JARED SUTTON, CAI – RE Broker Assoc. & Auctioneer – Flandreau, SD – ph. 605-864-8527,
WAYNE BESSMAN – RE Auctioneer – Madison, SD – ph. 605-270-4980 &
CHIP WOSJE – RE Auctioneer – Nunda, SD – ph. 605-480-2847