152.5 +/- Acre Land Auction, Kingsbury Co., SD

October 15, 2024 10:00 am

Spirit Lake Twp., Kingsbury Co., SD

Bid Online!

Directions

Located from De Smet, SD, (Hwy 14) 7 miles north on Hwy 25 then 1 ½ miles east on 200th St.; or from Erwin, SD 3 miles west on 200th St.

Sold For $10,750.00 Per Acre or $1,639,375.00

Auctioneer Notes

Here is your opportunity to potentially add some good tillable acres to your farming operation or investment portfolio just northeast of De Smet, SD. Located in Kingsbury Co., SD, this farm has respectable Class 1 & 2 soils and allows for good access being close to Hwy 25 and in a well-known agricultural area. Auction will be held live on-site at the farm with online bidding available day of the sale.

Overview

According to FSA information this property has approximately 126.79+/- acres of cropland with approximately 25+/- acres of pasture on the north end of the farm. These current pasture acres allow a new owner the opportunity to continue using those pasture acres or potentially add some additional tillable acres into the farm. Surety Agri Data, Inc. indicates this farm has a soil productivity rating of 76.1 with much of the farm in Class 1 & 2 soils. This farm is free and clear for the 2025 crop year and would make an excellent addition to any area row-crop farming operation or to add to your investment portfolio!

Description

NE ¼ of Sec. 26, T-112-N, R-56-W less E541’ N522’ & S191’ N713’ E226’ of NE ¼ of NE ¼ Spirit Lake East Twp., Kingsbury Co., SD

Terms

10% non-refundable earnest money deposit due the day of sale with balance due on or before November 21, 2024. Title insurance and closing fees split 50/50 between buyer & seller. The sellers will pay the 2024 real estate taxes due and payable in 2025 with the new buyer(s) to pay the 2025 real estate taxes due in 2026 and beyond. Sellers do not guarantee that existing fences lie on the true boundaries, and any new fencing will be the responsibility of the purchaser pursuant to SD statutes. The total acres, cropland acres, yields and bases are per Kingsbury Co., and the FSA office. This land is rented for the 2024 crop year with the new buyer(s) to receive possession after the lease expires. The new buyer(s) is responsible for conducting their own due diligence for any future uses and practices with the property. The land is sold subject to easements, contracts, and restrictions, if any, and is sold subject to confirmation of the owners on the day of the sale. The information contained herein, and all statements and descriptions made are believed to be accurate but not guaranteed. Buyers or sellers may conduct a 1031 exchange. The auctioneers represent the seller in this transaction.

Owner

Irene Petersen Estate

Additional Information

AUCTIONEERS & REALTORS Burlage Peterson Auctioneers & Realtors, LLC Land Brokers - Auctioneers - Realtors - Farm Managers Office@burlagepeterson.com or 605-692-7102

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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