150.51+/- Acres Spring Lake 'South' Twp., Kingsbury C0., SD Land Auction

150.51+/- Acres Spring Lake ‘South’ Twp., Kingsbury C0., SD Land Auction

December 20, 2022 10:00 am

Kingsbury County, SD

Bid Online!

Directions

from Arlington, SD 9 miles south on Hwy 81 (property is on the corner of Hwy 81 & 218th St.; or from Oldham, SD (from the corner of 445th Ave & 218th St.) 9 miles east on 218th St.

Sold For $4,650 Per Acre or $699,871.50

Auctioneer Notes

This parcel is a recreational enthusiast’s dream paradise as it is comprised of mixed-use opportunities, featuring CRP, water, some cropland acres, great location with excellent wildlife habitat. Our company is honored to have been selected to offer this tract of land for sale at live public auction! This is an excellent opportunity to purchase a tract of land with CRP, water and recreational opportunities in Kingsbury County, SD! This auction will be held at the site of the land with online bidding available. Don’t miss this auction and excellent opportunity if you are in the market for some good recreational land!

Overview

According to Kingsbury Co.’s information, this property consists of approx. 150.51+/- acres. According to FSA this tract of land currently consists of approx. 81.17+/- acres of CRP which has an annual payment of $16,721.00 and expires on 9-30-2032 (seller will retain the 2022 CRP payment for these acres, buyer shall receive all future payments for these acres). The predominant soil types on this land are class II soils and include Hetland silty clay loam and Poinsett-Buse Waubay complex. According to Agri-Data this farm has a productivity index rating of 76.7 on the CRP acres. Outdoor enthusiasts, this property is in an excellent area for hunting and offers endless recreational opportunities! An opportunity to purchase good recreational property in a good hunting area is not something that is often available!

Description

Legal Description: NE ¼ Exc. 2.27 acres to Co. & .50 acres Hwy & Lot H2 of Sec. 25, T-109-N, R-53-W, Kingsbury Co., SD

Terms

Purchaser(s) will be required to pay a non-refundable 10 % of the purchase price as earnest money deposit and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day on or before January 19, 2023. Owners’ Title insurance and closing fee split 50/50 between buyer and seller. This property is being sold as is as a cash sale with no finance contingencies and as is with any/all defects and encroachments if any. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all data provided. No warranties are expressed or implied. Any lines on maps and pictures are for informational purposes only and are not guaranteed to be actual boundary lines of the property. Sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing if any will be the responsibility of the purchaser pursuant to SD statues. Any announcements made on the day of the auction will supersede any advertisements. Aerial maps, soil maps and auction pamphlets are available upon request. This Property is being sold subject to the confirmation of the sellers. Buyer or seller may enter a 1031 exchange. The brokerage firm and auctioneers represent the sellers.

Owner

Ryan Winter

Additional Information

Burlage Peterson Auctioneers & Realtors, LLC Scott, Tyler, Jim, Lenny, Dustin Land Brokers - Auctioneers - Realtors - Farm Managers 605-692-7102 or Office@burlagepeterson.com