80+/- Acre Land Auction, Kingsbury Co., SD

September 18, 2024 10:00 am

Spring Lake 'S' Twp., Kingsbury Co., SD

Bid Online!

Directions

From Oldham, SD; 1 mile north on 445th Ave., then 2 miles east on 217th Street

Sold for $7,300 Per Acre or $584,000.00

Auctioneer Notes

The sale will be held live at the farm with online bidding available during the auction.

Overview

This auction presents a great opportunity to purchase a well-located parcel of land in Spring Lake South Township, Kingsbury County, SD consisting of 80+/- acres. This land has approximately 56.45 acres of cropland, per the FSA office. The farm is predominantly comprised of Class I & II soils with a good soil rating of 87.2 on the tillable acres. Additionally there are approximately 19+/- acres of pasture mainly on the north end of the land. The farm is rented for 2024 with the new buyer to receive possession for the 2025 crop year.

Description

W ½ of the SW ¼ in Section 13-109-54 Kingsbury County, SD

Terms

10% non-refundable earnest money deposit due the day of sale with balance due on or before October 23, 2024. Title insurance and closing fees split 50/50 between buyer & seller. The sellers will pay the 2024 Real Estate taxes due and payable in 2025 and the new buyers will be responsible for the 2025 Real Estate taxes due and payable in 2026 and beyond. Sellers do not guarantee that existing fences lie on the true boundaries, any new fencing will be the responsibility of the purchaser pursuant to SD statutes. The yields and bases, cropland acres and soil ratings are per the FSA office and Surety AgriData maps. The new buyer is responsible for conducting due diligence for any future uses and practices of the property. The land is sold subject to easements, contracts and restrictions, if any, and is sold subject to the owners’ confirmation. The information contained herein, and all statements and descriptions believed accurate but not guaranteed. Buyers or sellers may conduct a 1031 exchange. The auctioneers represent the seller in this transaction.

Owner

JoAnn Nelson

Additional Information

AUCTIONEERS & REALTORS Burlage Peterson Auctioneers & Realtors, LLC Land Brokers - Auctioneers - Realtors - Farm Managers Office@burlagepeterson.com or 605-692-7102