149.51+/- Land Auction Lura Twp., Grant Co., SD

April 17, 2025 11:00 am

Grant County, SD

Directions

Located from the Twin Brooks, SD Exit #201 on I-29 – ½ Mile W. on 149th St. and 3 Miles So. On 457th Ave. From the South Shore Exit #193 on I-29, 4/10 Mile W. on Hwy. #20, then 4 ½ Miles N. on 457th Ave to the SE corner of the Land, From South Shore, SD – 6 ¾ Mile W. on Hwy. #20, then 4 ½ Miles N. on 457th Ave (1/2 Mile N. of St. John Lutheran Church on 457th Ave).

Auctioneer Notes

Due to the multi-fractioned ownership in this land the Fromm Family Partnership have made the decision to offer this property at public auction This auction presents a great opportunity to purchase a parcel of land with a relatively high percentage tillable and some Tree Belts & Other Areas that may provide some hunting and recreational opportunities. To View the Survey, Drone Video, Aerial Maps & Other Information see www.suttonauction.com or www.burlagepeterson.com or contact the auctioneers for additional information. Please mark your calendars and make plans to inspect this property prior to the auction and make plans to attend this auction!

Overview

This surveyed +/- 149.51 acre farm will be offered as a unit. According to FSA information this +/- 149.51 surveyed acres has approx. 134.11 acres of cropland with a 46.60 acre corn base with a 188 bu. PLC yield, a 52.20 acre soybean base with a 34 bu. PLC yield, a 13 acre wheat base with a 51 bu. PLC yield and a 21.60 acre Sunflower base with a 1,188 lb. PLC yield. The general topography of this land is predominately level to gently rolling with some low lying pockets. According to the Grant County Assessor this farm is indexed in two property cards with a county soil rating on +108 acres of .748 and on +39 acres of .742; comparatively information obtained from Surety Agri-Data indicates this land has a soil index rating of 77.7. The 2024 RE taxes payable in 2025 on the property are $2,395.94 and $858.34 for a combined total of $3,254.28. The buyer will receive full possession of this land on sale day, with this land available to the buyer to farm or lease as they desire for the 2025 crop year!

Description

The NE¼ NW¼, together with Gov’t. Lots 1 and 2; All In Sec. 17, T. 120N., R. 51W., former Sisseton Wahpeton Indian Reservation, (Lura Twp.), Grant County, SD; Except A Parcel to be Platted As Tracts 1 and 2 of Fromm Addition in Government Lot 1 Thereof – Containing +/-149.41 Acres M/L according to the survey thereof.

Terms

Cash – A 10% non-refundable earnest money payment on the day of the sale and the balance on or before May 30, 2025, with Immediate Possession on Sale Day to be awarded to the buyer to farm or lease as they desire for the 2025 crop year and Full Possession conveyed at closing. Marketable Title will be conveyed and an Owners Title Insurance Policy will be provided, with the cost of the owners’ title ins. and closing agent’s fees (Grant County Title Co.) to be divided 50-50 between the buyer & sellers. All of the 2024 RE taxes payable in 2025 will be paid by the sellers, with the buyer to be responsible for all of the 2025 RE taxes payable in 2026. The acres being sold are based on the acres as determined by a survey completed by Midwest Land Surveying, Inc., with the acres understood to be “more or less”. All survey costs will be paid by the owners. The sellers do not guarantee that existing fences lie on the true and correct boundary and any new fencing, if any, will be the responsibility of the purchaser(s) pursuant to SD Law. FSA cropland acres, yields, bases, payments & other information are estimated and not guaranteed and are subject to County Committee Approval. Information contained herein is deemed to be correct but is not guaranteed. This property is sold in “AS IS” CONDITION and subject to any existing easements, restrictions, reservations or highways of record if any, as well as any or all Grant County Zoning Ordinances. Some of the owners may desire to utilize this property in connection with a 1031 tax free exchange, and if so, the buyer will agree to cooperate, with any or all costs related to the exchange to be paid by the exchanging party(s). The RE licensees in this transaction are acting as agents for the sellers. Sold subject to confirmation of the Owners. To or to make arrangements for Live Online Bidding see www.suttonauction.com. To make arrangements for absentee phone bidding or other information, contact the auctioneers.

Owner

HEIRS OF HOWARD & SANDRA FROMM – dba Fromm Property Holdings, LLLP

Additional Information

Chuck & Jared Sutton CAI Auctioneer & Land Broker, Sioux Falls, SD ph. 605-336-6315 & Flandreau, SD, ph. 605-997-3777 & 605-864-8527 Burlage Peterson Auctioneers & Realtors, LLC Land Brokers - Auctioneers - Realtors - Farm Managers Office@burlagepeterson.com or 605-692-7102 317 4th St., Brookings SD, 57006