162.59+/- Acre Land Auction, Garfield Twp., Clay Co., SD

March 18, 2021 12:00 am

Clay County, SD

Directions

TRACT 1 SOLD FOR $8,450 PER ACRE OR $327,184.00

TRACT 2 SOLD FOR $6,800 PER ACRE OR $842,316.00

Auctioneer Notes

This auction presents an excellent opportunity to purchase up to 162.59 +/- acres of good tillable land in an excellent agricultural area, that lays level, and has great eye appeal. This land is well located with portions of it right on an oil road (University Rd.) between Vermillion, SD and Beresford, SD. Now is the time if you are in the market to grow your current farming operation or add to your investment portfolio.

Overview

Tract I - 38.72 +/- acres – This farm has easy access with an excellent location being right on an oil road (University Rd.). According to FSA information this farm is nearly all tillable with 37.72+/- cropland acres and is made up of strong Class I soils (Egan-Clarno-Tetonka complex 0-3 percent slope) with a productivity rating of 82.9 according to Surety AgriData information. This farm has a 17.59 acre corn base with a 144 bushel PLC yield and a 17.74 acre soybean base with a 46 bushel PLC yield.

Legal Description: The SE ¼ of SE ¼ of Sec. 7, T-94-N, R-51-W, Garfield Twp., Clay Co., SD

Tract II - 123.87 +/- acres – This farm is also in a very good location situated less than ½ mile south of Tract I. According to FSA information this farm is nearly all tillable with 121.8+/- cropland acres and is also made up of predominately Class I & II soils (Egan-Clarno-Chancellor complex, Davison-Tetonka-Egan complex 0-3 percent slope) with a productivity rating of 82 according to Surety AgriData information. This farm has a 56.78 acre corn base with a 144 bushel PLC yield and a 57.29 acre soybean base with a 46 bushel yield.

Legal Description: The S ½ of NE ¼ Exc. E 1127.14’ & the S ½ of NW ¼ all in Sec. 18, T-94-N, R-51-W, Garfield Twp., Clay Co., SD

Description

Terms

10% non-refundable earnest money deposit due day of sale; balance due on or before April 25, 2021. Closing fees split 50/50 between buyer & sellers. Both tracts are rented for 2021 with the new buyer to receive a credit at closing for Tract I in the subsidized amount of $8,335.00, and a credit at closing for Tract II in the subsidized amount of $26,665.00. Buyers will pay the 2021 real estate taxes payable in 2022. This property is sold subject to easements, contracts, and restrictions, if any, and is sold subject to confirmation of owners. Information contained herein and all statements made herein are believed accurate but not guaranteed. Sellers do not guarantee fences lie on true boundary lines. New fencing, if any, is buyer’s responsibility. Auctioneers represent the sellers in this transaction.

Owner

DD BOLINE, LLC

Additional Information

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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