83.96 +/- Acre Land Auction, Hamlin Co., SD

February 6, 2025 10:00 am

Estelline Twp., Hamlin Co., SD

Bid Online!

Directions

We will offer the following farm at public auction, located from Estelline, SD 7 miles west on Hwy. 28 then slight right onto 459th Ave. for ¾ mile. Or from Castlewood, SD 8 miles straight south on 459th Ave.

Sold for $13,500 Per Acre or $1,133,460.00

Auctioneer Notes

This auction presents an opportunity to purchase an exceptional farm in a strong agricultural area 1 mile east of Lake Poinsett. The all-tillable farm consists of high rating Class I & II soils. Don’t miss this land opportunity!

Overview

This prime, all tillable farm sale presents the opportunity to purchase 83.96 +/- acres of ideal Hamlin Co. land. The farm is predominantly comprised of strong Class I & II soils, featuring Poinsett-Waubay Silty Clay Loam soil, with a total soil rating of 86.4. Per the FSA office, the farm has 80.44 DCP cropland acres with a corn PLC Yield of 159, and a soybean PLC yield of 50. The farm is currently seeded to alfalfa and is in its 4th year of being hayed. The farm is leased for the 2025 crop year. The new buyer will receive the full 2025 rent of $25,188, based off $300/acre. New buyer will receive possession on November 1st, 2025 per existing lease. This farm produces top yields and will make for an excellent addition to your farming or investor portfolio!

Description

83.96 Ac. of Block 1 Beare’s 2nd Addn. W2 in Sec. 13, T-113-N, R-52-W, Estelline Twp., Hamlin Co., SD

Terms

10% non-refundable earnest money deposit due day of sale; balance due on or before March 7th, 2025. Closing fees split 50/50 between buyer & sellers. The buyer will receive the full 2025 rent payment, and the lease expires October 31st, 2025. The full 2025 rent payment of $25,188, based off $300/acre will be credited at closing. The sellers will pay the 2024 real estate taxes in 2025, the buyers are responsible for the 2025 taxes payable in 2026. This property is sold subject to easements and restrictions, if any, and is sold subject to confirmation of owners. The farm is offered as is, where is, without warrantees or guarantees of any kind. The information contained herein and all statements made are believed accurate but not guaranteed. Sellers do not guarantee fences lie on the true boundaries. New fencing, if any, is the buyer’s responsibility. The auctioneers and brokerage firm represent the seller in this transaction. Buyers or sellers may elect to do a 1031 exchange.

Owner

First Bank & Trust FBO Ronald J Beare IRA

Additional Information

LAND BROKERAGE FIRM & AUCTIONEERS Burlage Peterson Auctioneers & Realtors, LLC Office@burlagepeterson.com or 605-692-7102

What our clients say about us!

Our family personal and farming operations have utilized Burlage Peterson Auctioneers and Realtors
for more than 30 years. They have provided exceptional support in the acquisition
and sale of both agricultural farmlands as well as personal real estate.
The firm has always provided individualized, professional support in all our
real estate transactions. They are market knowledgeable and always current on existing
and changing trends in the marketplace.Absolutely top notch! Highly recommend!

Burlage-Peterson helped us sell our house with their auction service.
Burlage-Peterson provided us with a great team to complete this process.
They were professional, respectable, and very caring of our needs from start to closing.

Previous Next