151.67 +/- Acre Land Auction, Lincoln Co., SD

date
address
Perry Twp., Lincoln Co., SD
Bid Online!
Directions

    Located from Tea, SD, 2 ½ miles south on Hwy. 111, or from I-29 Lennox / Parker Exit #68, 1 ½ miles west on Hwy. 116, then 1 mile north on Hwy 111. From Lennox, SD, 6 miles or within 8 miles from Sioux Falls.

      Sold for $11,500 Per Acre or $1,744,205.00

    Auctioneer Notes

      This sale will be conducted live, on site at the farm with online bidding available the morning of the sale. Click on the Info Sheet tab for additional farm information, including the CRP contract, 3 building site eligibilities sheet, and other maps. Dont miss this opportunity for quality farm land just south of Tea, SD on an oil road!

    Overview

      Here is an opportunity to purchase good farmland that has eye appeal with a gentle roll that is in an excellent agricultural area with a good location. The farm features predominately class 1 and 2 soils. According to FSA, the farm presently has 134.1 tillable acres with an additional 10.9 acres of CRP payable of $300 per acre or $3,270 annually with contract number 11248 which expires 9-30-2029. New buyer will assume that contract. Farm has corn base of 75.5 acres with PLC yield of 148 bushels and soybean base of 58.60 with PLC yield of 40 bushels. According to Surety AgriData, the farm has a productivity index of 77.6.

    Description

      SW ¼ excluding Keleher’s First Addition, Sec. 12, T-99-N, R-51-W, Perry Twp., Lincoln Co., SD.

Terms

    10% non-refundable earnest money deposit due day of sale with balance due on or before October 24th, 2023. Full possession of the land will be March 1st, 2024, subject to existing lease. Closing fees and title insurance will be split 50/50 between buyers and sellers. The sellers do not warranty or guarantee that existing fences lie on the true & correct boundary and any new fencing, if any, will be the responsibility of the purchaser. Sellers will pay 2023 RE taxes due in 2024. Buyer will pay 2024 RE taxes paid in 2025. This property is sold subject to easements, contracts, and restrictions, and subject to owners’ confirmation. The auctioneers represent the sellers in this transaction.

Owner

    Lucille W. Keleher Trust - Maureen Lutterman & Thomas Keleher - Co Trustees for the trust.

Additional Information

    Burlage Peterson Auctioneers & Realtors, LLC - Auctioneers - Land Brokers - Farm Managers - Realtors - 317 4th Street, Brookings, SD 57006, 605-692-7102; Chuck & Jared Sutton, Sutton Auctioneer & Land Broker, Sioux Falls, SD, 605-336-6315 or 605-864-8527