225.72 +/- Acre Land Auction, Richland Twp., Brookings Co., SD

April 20, 2021 12:00 am

Brookings County, SD

Directions

SOLD FOR $10,150 PER ACRE OR $2,291,058.00

Auctioneer Notes

THIS AUCTION PRESENTS AN EXCELLENT OPPORTUNITY TO PURCHASE 225.72 +/- ACRES OF GOOD TILLABLE LAND IN AN EXCELLENT AGRICULTURAL AREA WITH 2 TOWERS PLUS PASTURE AND LOCATED ON AN OIL ROAD. NOW IS THE TIME IF YOU ARE IN THE MARKET TO ADD TO YOUR CURRENT FARMING OPERATION OR INVESTMENT PORTFOLIO.

Overview

Tract I – 60 +/- Acres – This unimproved farm, according to the FSA Office, is all tillable, has predominately productive Class I and II soils (Kranzburg-Brookings silty clay loams) with a productivity rating of 81.3 according to Surety Agridata information. This farm has 2 wind towers that pay a total average of $12,000 +/- per year.

Tract II – 121 +/- Acres – This unimproved farm, according to the FSA Office, is all tillable, made up predominately of excellent Class I and II soils (Kranzburg-Brookings silty clay loams & Brookings silty clay loam) with a high productivity rating of 87.9 according to Surety Agridata information.

Tracts I & II have approximately 75% Kranzburg and Brookings silty clay loam soils. They have a combined corn base of 164.4 acres w/high PLC yield of 161.

Tract III – 44.72 +/- Acres – This very productive farm is all in grass, has its own stock dam, above-average fences with a productivity rating of 70.3 according to Surety Agridata information and joins a county tar road. This property also has potential for a future building site.

Legal Description: N ½ of SE ¼ and NE ¼, Exc. OL “A”, all in Section 8, T-110-N, R-47-W, Richland Twp., Brookings Co., South Dakota, containing 225.72 (+/-) acres.

Description

Terms

10% non-refundable earnest money deposit due the day of sale with balance due on or before June 22, 2021. Title insurance and closing fee split 50/50 between buyer & seller. We will offer each tract individually, or as a combination of Tracts I & II or as a complete unit. If sold individually, farm will be surveyed at seller’s expense. All tracts are rented for 2021 with Tract I to receive a rent credit at closing of $11,610 and new buyer will receive the second half wind tower payment for 2021, as well as all future payments. Tract II will receive $26,015, and Tract III will receive $3,100. Buyer will pay 2021 real estate taxes due and payable in 2022. This property is sold subject to easements, contracts and restrictions, if any, and is sold subject to confirmation of the owners. Auctioneers and Realtors represent the seller in this transaction.

Owner

DELMAR FARM, LLC

Additional Information

Cindy Peterson & Diane Perry

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.

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