160 +/- Acre Land Auction, Brookings Co., SD

date
address
Oak Lakw Twp., Brookings Co.
Directions

    Located from White, SD Corner Gas & Goodies (Cenex) – 7 Miles North on 478th Ave, and 3 ½ Miles East on 197th St. to the NW Corner of the Land. From Astoria SD – ¾ Mile South on 483rd Ave, then 2/10 Mile West on 196th St., continue 1 Mile South on 483rd Ave, then 1 Mile West on 197th St

      Sold for $6,350 Per Acre or $1,016,000.00

    Auctioneer Notes

      This auction awards the opportunity to purchase a very well located +/-160 Acre farm bordered by an oil highway situated in Oak Lake Twp., Brookings County, SD. This parcel could provide areas which would be adaptable for a potential rural housing site with the good location of this property & the fact that it is bordered by a oil highway on the north side of the property & located just 1 ½ miles from Oak Lake. RW is located along the North Side of the Property off 197th St., as well as 3 Phase Electric.

    FSA Map Aerial Map Soil Map
    Overview

      According to FSA information, this property consists of +/- 94.60 Acres of Cropland with a 37.30 acre corn base & a 103 Bu. PLC Yield, a 19.00 acre soybean base with a 33 Bu. PLC yield as well as a 19.00 acre wheat base with a 37 Bu. PLC yield. Information obtained through Surety Agridata Inc. indicates that this property in its entirety has a weighted average Productivity Index of a 54.8, however, on the +/-94.60 Acres of Cropland, this parcel is indicated to have a Productivity Index of a 72.3 with a large percentage of Class II soils & lower quality soils in the pasture & lowland areas. The pasture on the property consists of well managed native grass with established 4 barbed wire fences, and water supply is provided by a creek for livestock. The pasture on the property is under lease for the 2023 crop year with the buyer to receive a cash rental credit of $75.00 per acre on approximately 58 acres for a total of $4,350.00. The buyer will have the option to take immediate possession to farm or lease the cropland for the 2023 crop year, or the current owner would agree to lease back the cropland at a rate of $250.00 per acre on +/- 94.06 Acres for a total of $23,515.00 for the 2023 crop year. All rental amounts would be payable as a credit at closing for their respective amounts. A positive factor on this property is that there are NO restrictive Grassland or US Fish & Wildlife Easements whatsoever on this land. Another great attribute to this property is that there are some attractive potential sites for future housing, if a future owner should desire to utilize them. All of the 2022 RE taxes payable in 2023 in the amount of $2,312.02 will be paid by the sellers, with the buyer to pay all of the 2023 RE taxes payable in 2024. If you are in the market for Brookings County Land with quality grass, & productive cropland with respectable soils, then make plans to inspect this property and be in attendance at this auction!

    Description

      NE ¼ of Sec. 10, T. 112N., R.48W., Oak Lake Twp., Brookings County, SD

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