150 +/- Acre Land Auction, Parnell Twp., Brookings Co., SD

November 10, 2020 12:00 am

Brookings County, SD

Directions

TRACT 1 SOLD FOR $6,650 PER ACRE OR $512,050.00 & TRACT 2 SOLD FOR $3,750 PER ACRE OR $273,750.00

Auctioneer Notes

This auction presents the opportunity to purchase up to 150 +/- acres of Parnell Twp. land. Now is the time to add to your farming operation or investment portfolio with a farm that has been in the Lorenzen Family for over half a century.

Overview

Tract I – 77 +/- All-Tillable Acres

This all tillable farm lays level with good eye appeal and easy access. According to FSA, the farm has a corn base of 43.39 acres w/PLC yield of 140 bushels and a soybean base of 38 acres w/PLC yield of 47 bushels. The farm has predominately Class II soils and is free to farm in 2021. This would make a good investment for a farmer or investor.

Legal Description: E ½ of SW ¼ of Section 1, T-109-N, R-48-W, Excluding the Acreage, Parnell Twp., Brookings Co., SD.

Tract II – 73 +/- Grass Acres

This farm is situated just 2 miles from Hwy. 13 and is all in grass with a stock dam. This is an opportunity to buy good sought-after pasture ideal for livestock or horses.

Legal Description: W ½ of SW ¼ of Section 1, T-109-N, R-48-W, Excluding the Acreage, Parnell Twp., Brookings Co., SD.

If Tracts I & II are sold individually, they will be surveyed at seller’s expense. If sold as a unit, there will be no survey.

Description

Terms

10% non-refundable earnest money deposit due the day of sale with balance due on or before December 10, 2020. Each Tract will be offered individually or as a unit. Title insurance and closing fee split 50/50 between buyer & seller. Seller to pay 2020 real estate taxes due and payable in 2021. Seller does not warranty or guarantee that existing fences lie on the true boundary, and any new fencing will be the responsibility of the purchaser pursuant to SD statutes. Information contained herein is believed to be correct but is not guaranteed. This property is sold subject to existing lease for 2020 crop year, easements and restrictions, if any, and is sold subject to confirmation of the personal representative. Information contained herein and all statements made herein are believed to be accurate but not guaranteed. Auctioneers represent the seller in this transaction.

Owner

NORBERT LORENZEN ESTATE

Additional Information

Todd Lorenzen, PR Jesse J. Ronning, Atty. for Estate Fite, Pierce & Ronning Law Firm, Brookings SD AUCTIONEERS & REALTORS, LENNY & TYLER BURLAGE, JIM & SCOTT PETERSON BURLAGE PETERSON AUCTIONEERS & REALTORS, LLC 605-692-7102 OR OFFICE@BURLAGEPETERSON.COM

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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