South Dakota Community Foundation -/-80 Acres of Unimproved Logan Twp., Minnehaha Co., SD
May 11, 2018 @ 10:00 am
+/-80.77 Acres of High Producing & Extremely Well Located in Logan Township,Minnehaha County, SD Land – Situated in the Garden Spot of Eastern South Dakota
We will offer the following real property at auction at the land located from Dell Rapids, SD (T&C’s Other Place – Garfield Ave. & E. 7th St.) – approx. 5 ½ miles east on Jasper Street (Co. Hwy. #104) and ¾ mile south on 481st Ave. to with the northwest corner of the land; from the JD Dealership in Garretson SD – 3 north on Hwy. #11 to the Sherman, SD Corner, then 3 miles west on 250th St., 3 miles north on Co. Hwy. (482nd Ave.), 1 mile west on 247th St. and ½ mile north on 481st Ave.; or from the Brandon, SD Exit #406 on I-90 – 13 ½ miles north on 482nd St., 1 mile west on 247th St. and ½ mile north on 481st Ave.
FRIDAY MAY 11, 2018 SALE TIME: 10:00 AM
AUCTIONEERS NOTE: Due to the benevolent gift of this property to the SD Community Foundation, we are privileged to offer this high caliber parcel of land at public auction. This land is situated in Logan Twp., which commonly is regarded as one of the leading agricultural areas of Eastern SD. *NOTE – The Buyer will be awarded Immediate Possession of this Land on Sale Day for the 2018 Crop Year! If you are in the market for land as an addition to a row crop farming operation or as an investment you will want to attend this auction. Make Plans to attend and we hope to see you at this auction! Chuck Sutton
This Choice +/-80.77 Acre Parcel of Unimproved Minnehaha County, SD land will be offered as a unit. The land being offered for sale on this auction is a choice parcel of land with some extremely high caliber soils and excellent eye appeal with a level to nearly level topography. According to FSA information this +/-80 acre farm has approximately 78.14 acres of cropland, with a 34 acre corn base with a 147 bu. PLC yield and a 6 acre soybean base with a 36 bu. PLC yield and is enrolled under the County ARC election of the USDA farm program. At present it appears that approx. 72.57 acres have been under cultivation in recent years, with the portions not under cultivation in recently comprised of an area in the southeast corner of expired CRP and a sector of West Pipestone Creek, as well as road along the west side of the farm. According to the Minnehaha County Assessor this farm has a very good overall soil rating/parcel rating of .799, comparatively info. obtained from Surety Agridata, Inc. indicates this land has a Productivity Index of 85.3 and is comprised of over 90% of Class I & II soils. According to M’haha. Co. Planning & Zoning this property has 2 rural housing eligibilities. This property has potential to fulfill the needs of a variety of buyers including those looking for extremely high quality productive cropland to serve as an addition to an area row crop farming operation or investors in the market for high quality land. This is an extremely desirable parcel of high caliber land that truly must be seen to be appreciated.
LEGAL DESC.: The S½ NW¼ of Sec. 15, T. 104N., R. 48W., (Logan Twp.), Minnehaha Co., SD – Containing +/-80.77 acres according to the survey thereof.
TERMS: CASH – A 15% nonrefundable earnest money payment sale day with immediate possession of the land by the buyer on sale day – to operate or lease this land for the 2018 crop year, balance due and payable on or before June 27, 2018. Marketable Title will be conveyed and an Owner’s Title Insurance policy will be 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 and seller. All of the 2017 RE taxes due in 2018 in the amount of $2,562.74 will be paid by the sellers. The acres being sold will be adjusted in accordance with a survey of the property as 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 M’haha. County Zoning Ordinances. The RE licensees in this transaction are acting as agents for the sellers. Sold subject to confirmation of the owner. For addt’l information, contact the auctioneers.
SOUTH DAKOTA COMMUNITY FOUNDATION, Owner
CHUCK SUTTON – Auctioneer & Land Broker –
Sioux Falls, SD – ph. 605-336-6315 & Flandreau, SD – ph. 605-997-3777
WAYNE BESSMAN – RE Auctioneer – Madison, SD – ph. 605-270-4980
DEAN STOLTENBERG – Auctioneer & RE Broker Associate – Jasper, MN – ph. 507-348-7352
JARED SUTTON – Auctioneer & RE Broker Associate – Flandreau, SD – ph. 605-864-8527 [/vc_column_text][/vc_column][/vc_row]