Stoltenberg Estate Trust – 62.11 Acres of Unimproved Palisade Twp., Minnehaha Co., SD Land
February 14 @ 10:00 am
ESTATE LAND AUCTION
+/-62.11 Acres of Well-Located Productive, Palisade Twp., Minnehaha County SD Land w/No Remaining Rural Housing Eligibilities – Located Within 1 Mile of City Limits of Garretson SD and Within ½ mile of a County Hard-Surfaced Highway! This property Awards an Opportunity to Purchase a Productive Parcel of Land to Add to an Area Row Crop Farming Operation or Investment Property!
We will offer the following parcel of Land at Public Auction “On Site” at the land – Located from the East side of Garretson SD (Jct. of 486th Ave & 253rd St.) – 1 Mile East on 253rd St./Co. Hwy. #120 to 487th Street, then approx. 4/10ths mile south the NE Corner of the Land; or from the Minnehaha Co., SD/Rock Co., MN State Line – Jct. of SD 488th Ave & 253rd St./MN 161st St. – 1 mile west and 4/10ths mile south on 487th St.
WEDNESDAY FEBRUARY 14, 2024 Sale Time: 10:00 AM
This auction awards and excellent opportunity to purchase a very well-located parcel of land near Garretson, SD and situated in Palisade Twp., Minnehaha County SD, which historically is an area where land is tightly held and does not frequently become available for purchase on the open market. This parcel of land has a high percentage of tillable productive cropland. According to FSA information the cropland acres appear to be slightly overstated as the cropland acres are more than the taxable acres, as FSA indicates that this parcel of land contains approximately 61.99 acres of Farmland with approx. 61.99 acres of Cropland with a 40.50 acre corn base with a 152 Bu. PLC yield and a 3.60 acre soybean base with a 46 Bu. PLC yield. This property has some land classified as HEL, but does have some existing terraces and may require an operator follow an approved conservation plan; in addition, there has been drain tile installed in areas of the farm as deemed beneficial. According to M’haha. Assessor’s data this land has a soil rating of .610, comparatively information obtained from Surety Agri-Data Inc., indicates this parcel has a weighted productivity index of a 65.5. The general topography of this land is gently rolling to rather undulating. A survey has been completed on this property by Midwest Land Surveying, Inc., with this property to sold in accordance with the surveyed acres. It is noted that there is an existing 33’x463’ access easement that is filed of record, which provides for the limited purpose of allowing access to the south side of the land lying north of this property. This would be an excellent parcel of land for a beginning farmer, current farm operator seeking land for expansion of their farming operation and/or an investor. Interested parties are invited to inspect this property at their convenience prior to the auction. Mark your calendars and make plans to be in attendance at this auction, although if you are unable to attend and wish to make arrangements for absentee bidding you may contact any of the auctioneers prior to the auction.
LEGAL DESC.: The SW¼ NE¼ & the S½ SE¼ NE¼, Exc. Lot H-1, Sec. 21, T. 103N., R. 47W., (Palisade Twp.), Minnehaha County, SD – Containing +/-62.11 Acres in accordance with the survey thereof.
TERMS: Cash – A 10% nonrefundable earnest money payment on sale day & balance due on or before March 29, 2024, with full possession for the 2024 crop year. Marketable title will be conveyed and an Owner’s Title Insurance Policy will be provided with the cost of the Owner’s Policy and Closing Agents Fee divided 50-50 between the buyer & seller. All of the 2023 RE taxes payable in 2024 in the amount of $1,099.68 will be paid by the Trust, with the buyer to be responsible for all of the 2024 RE taxes payable in 2025. The total acres being sold will be based on surveyed acres as determined by Midwest Land Surveying, Inc., with the acres understood to be “more or less”. 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, payments or other info. is estimated and subject to County Committee approval. This property is sold subject to existing easements, restrictions, reservations or highways of record, if any, and subject to M’haha. Co. Zoning Ordinances. Information contained herein is deemed to be correct but is not guaranteed. The RE licensees in this transaction stipulate that they are acting as agents for the seller. Sold subject to confirmation of the owners.
DALE F. STOLTENBERG ESTATE TRUST, Owner – Curtis D. Stoltenberg, Trustee
CHUCK SUTTON – Auctioneer & Land Broker- – Sioux Falls, SD – ph. 605-336-6315
BOB JULSON – Auctioneer & RE Broker Associate – Garretson, SD – ph. – 605-351-2654
DEAN STOLTENBERG – Auctioneer & RE Broker Associate – Jasper, MN – ph. 507-829-6856
JARED SUTTON, CAI – RE Auctioneer & Broker Associate – Flandreau, SD – ph. 605-864-8527