179.47 +/- Acres of Laketon Twp., Brookings Co., SD Land Auction

May 1, 2024 10:00 am

Brookings County, SD

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Directions

Located from Volga, SD 5 miles west on Hwy. 14, then 12 miles north on oil road 459th Ave.; or from Arlington SD, (Handi-Mart) 9.5 miles north on Hwy 81, then 5 miles east on 199th St.

Sold For $5,275 Per Acre or $946,704.25

Auctioneer Notes

This auction offers a great opportunity to purchase a parcel of Brookings County, SD land that is currently utilized predominately as pasture with a smaller portion of the land in crop production or for a potential building site. This land has an excellent location with oil roads on 2 sides of the property for good access and offers buyers an opportunity to add some hard-to-find pastureland, crop acres, and/or potential building site. These 2 tracts of land will be offered individually or as a combined unit.

Overview

Tract 1 – 143.97 +/- Acres - A very well-located parcel of land consisting of approximately 143.97+/- acres that are currently used as pasture. This pasture has some good features with nice grass, fence, good access, with an oil road on the west side and north side of the property and has some lower lying land on the east side of the property that holds water. According to FSA information on the entire 179.47+/- acres, this farm has pasture acres having a cropland history and has approximately 91.01 acres of cropland with most of those acres currently being pasture acres. This land is rented for 2024 with the new buyer(s) to receive at closing a rent credit for 2024 crop year in the amount of $12,000.00. This land has a U.S. Fish and Wildlife Waterfowl easement on all acres.

Tract 2 – 35.5 +/- Acres - Located on the northwest side of Tract 1, this 35.5 +/- acres would make for an excellent acreage location or some additional tillable acres. Currently this land is mainly tillable with a soil productivity of 76 on those tillable acres. This property has an excellent location with an oil road on 2 sides of the property. This tract of land has a good location with easy access to Arlington, Volga, Bruce, and Estelline as well as close to Brookings. This land is rented for 2024 with the new buyer(s) to receive at closing a rent credit for 2024 crop year in the amount of $6,000.00. This land has a U.S. Fish and Wildlife Waterfowl easement on all acres. If you are in the market for an acreage site or building site, this is your opportunity.

Description

NW ¼ Exc. S 467' of N 1,769' of W 845' & Exc. S 132' of N 1,901' of W 747'& Exc. Blk 1 Bjorklund Addn. & W ½ of NE ¼ all in Section 24-112-52 Brookings County, SD

Terms

10% non-refundable earnest money deposit due the day of sale with balance due on or before June 12th, 2024. Title insurance and closing fees split 50/50 between buyer & seller. The sellers will pay all of the 2023 real estate taxes due and payable in 2024 & the new buyer(s) will pay for the 2024 real taxes and beyond. Sellers do not guarantee that existing fences lie on the true boundaries, any new fencing will be the responsibility of the purchaser pursuant to SD statutes. The yields and bases, cropland acres and soil ratings are per the FSA office and Agri-Surety maps. The land will be offered as 2 individual tracts or as a combined unit, a survey and/or plat will be completed if sold as individual tracts and price per acre will be determined by that survey; if the land is sold as a unit there will be no survey. The new buyer is responsible for conducting their own due diligence for any future uses and practices of the property. The farm is sold subject to easements and restrictions, if any, and is sold subject to the owners’ confirmation. The entire farm has a US Fish & Wildlife Easement. The information contained herein, and all statements and descriptions believed accurate but not guaranteed. Buyers or sellers may conduct a 1031 exchange. The auctioneers represent the seller in this transaction.

Owner

Sheila Bjorklund Estate

Additional Information

Burlage Peterson Auctioneers & Realtors, LLC Land Brokers – Auctioneers – Realtors – Farm Managers Office@burlagepeterson.com or 605-692-7102 317 4th Street Brookings SD 57006