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

October 30, 2024 10:00 am

Spring Lake N. Twp., Kingsbury Co., SD

Bid Online!

Directions

From Oldham SD, 4 miles north on oil road 445th Ave., then half a mile east on 214th St. Or from Hetland Corner on Hwy. 14, 5 miles south on oil road 449th Ave. & 3 miles west on 214th St.

Sold for $8,700 Per Acre or $1,298,388.00

Auctioneer Notes

This sale presents the opportunity for a strong row crop farm in a coveted agricultural area in Kingsbury County. The farm is predominantly tillable and has a high soil rating of 88.2, primarily with Class 1 soils. The auction will be held live at the farm with online bidding available during the sale.

Overview

This high yielding corn and soybean farm is well located in a strong agricultural area in Kingsbury Co., SD. The primary soil present on the farm is Poinsett-Buse-Waubay Complex, and the land is predominantly made up of high producing class I soils with a total productivity rating of 88.2; ideal for corn and soybeans. The farm also has 142.64 DCP cropland acres, in accordance with the FSA office, and the new buyer will receive full possession for the upcoming 2025 crop year. Don’t miss this opportunity for a strong, highly productive farm that would be an excellent addition to your land portfolio!

Description

NE ¼ of Sec. 3, T-109-N, R-54-W, Spring Lake N. Twp., Kingsbury Co., SD; 149.24 +/- Acres

Terms

10% non-refundable earnest money deposit due the day of sale with balance due on or before December 3rd, 2024. Per the expiring lease, the farm is free for possession for the upcoming 2025 crop year. Title insurance and closing fees split 50/50 between buyer & seller. The sellers will pay the 2024 real estate taxes, and the buyers will be responsible for the 2025 taxes. Sellers do not guarantee that existing fences lie on the true boundaries, and any new fencing will be the responsibility of the purchaser pursuant to SD statutes. The cropland acres, yields and bases are per the FSA office. The new buyer is responsible for conducting their due diligence for any future uses and practices with the property. The farm is sold subject to easements and restrictions, if any, and is sold subject to confirmation of the owners on the day of the sale. The Farm has a US Fish & Wildlife Wetlands easement attached. Please call the Madison SD Office for questions about potential tiling or setbacks for tile lines. Preliminary title work has been ordered and is posted in the website tab for preliminary title. The information contained herein, and all statements and descriptions made are believed to be accurate but not guaranteed. Buyers or sellers may conduct a 1031 exchange. The auctioneers represent the seller in this transaction.

Owner

STEVEN J. FOLSLAND

Additional Information

Burlage Peterson Auctioneers & Realtors, LLC Land Brokers – Auctioneers – Realtors – Farm Managers Office@burlagepeterson.com or 605-692-7102 317 4th Street, Brookings SD | www.burlagepeterson.com