Shellum – 160.69 Acres of Palisade Twp., Minnehaha Co., SD Land

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LAND AUCTION

160.69 Acres of Well Located, Highly Productive & High Percentage Tillable Palisade Township Minnehaha SD Land

We will offer the following real property at auction at the land located from Garretson, SD (Kibble JD) – 1¾ miles north on Hwy. #11 – with the Southeast Corner of the Land at the Jct. of 251^st St. & Hwy. #11/485^th Ave.;  from Sherman, SD – 1 ½ miles west on 250^th St. and ½ south on Hwy. #11.

FRIDAY FEBRUARY 1, 2019                SALE TIME:  10:00 AM

This property has been previously surveyed and consists of a total of 160.69 acres – This property will be offered as Tr. #1 – the South +/-86.69 Acres, Tr. #2 – The North +/-74 Acres or as Tracts #1 & #2 Combined – The  +/-160.69 Acre Unit (**Note – If divided, the Acres in Tr. #1 & #2 will be adjusted based on a new survey to determine the actual acres in each Tract**).  This auction presents a great opportunity to purchase a high producing parcel of land that has a superb location, very good eye appeal, high quality soils and a high percentage tillable.  This land is located in a prominent agricultural area in Palisade Township in northeastern Minnehaha County, SD, with this land centrally located between Garretson, Dell Rapids & Sherman, SD.  There is a bin site on the property with electricity and inclusive of a +/-11,000 bu. 30 ft. diameter steel grain bin with a full aeration floor and Sukup fan and a couple of other concrete bin foundations.  According to FSA information there records indicate that this farm has approx. 154.92 acres of farmland with approx. 154.54 acres of cropland and has had a 107.10 acre corn base with a 167 bu. PLC yield and a 40.51 acre soybean base with a 49 bu. PLC yield and this farm has been enrolled in the County ARC election of the USDA Farm Program.  According to the Minnehaha Co. Assessor this land has an OSR of .830, similarly info. obtained from Surety Agri-Data, Inc. indicates that this farm has a weighted productivity index of 84.8. The general topography of this land is gently rolling to rolling.  According to Minnehaha County Planning and Zoning, this farm has a total of 3 rural housing eligibilities – if divided 2 will be allocated to Tr. #1 (the south +/-80 acres) and 1 to Tr. #2 (the N. +/-80 acres) – with some attractive locations on this land for establishment of a rural home site(s), especially since this land has a terrific location lying adjacent to SD Hwy. #11 and conveniently located to Garretson, SD and other nearby communities and points of interest.  According to the owner there is some existing older drain tile in areas of the farm, although repair or replacement may be necessary. All of the 2018 RE taxes payable in 2019 in the amount of $5,638.74 will be paid by the seller.  The non-tillable acres of this farm are comprised of the bin site, some grassed waterway and roads.  If you are in the market for a farm with a superb location, some high caliber cropland and other excellent amenities that would serve as an excellent addition to a row crop farming operation of investment, then make plans to inspect this property and be in attendance at this auction.

Legal Desc.:  The  SE ¼, Except the N. 440.54’ of the S. 1,875.99’ of the E. 507’ and Except Lots H-1 & H-2, Sec. 6, T. 103N., R. 47W., (Palisade Twp.), Minnehaha Co., SD.

TERMS:  Cash – A 10% non-refundable earnest money deposit sale day & the balance at closing on or before March 15, 2019, with full possession for the 2019 crop year.   Marketable Title will be conveyed and the cost of an owner’s title insurance policy and closing agents fee, if any, will be divided 50-50 between the buyer & seller.  All of the 2018 RE taxes payable in 2019 will be paid by the sellers.  This property will be sold based on the acres as determined by a previous survey, although if sold in multiple tracts the property will be re-surveyed and the acres in Tracts #1 & #2 will be adjusted in accordance to that survey; with the surveyed acres and acres sold to be understood to be “more or less.”  The sellers do not guarantee that existing fences lie on the true and correct boundaries and any new fencing, if any, will be the responsibility of the buyer pursuant to SD Law.  FSA 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.   The RE licensees in this transaction are acting as agents for the seller.  This property is sold in “AS IS” condition & subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all M’haha. County zoning ordinances.  Sold subject to confirmation of the owner. For additional information contact the auctioneers.

MARK SHELLUM, Owner – Ph. 605-940-6666

CHUCK SUTTON – Auctioneer & Land Broker

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

DEAN STOLTENBERG – Auctioneer & RE Broker Assoc. – Jasper, MN – ph. 507-829-6856

JARED SUTTON – Auctioneer & RE Broker Assoc. – Flandreau, SD – ph. 605-864-8527;

& BOB JULSON – RE Auctioneer & Broker Assoc. – Garretson, SD – ph. 605-351-2654[/vc_column_text][/vc_column][/vc_row]