186.5 +/- Acre CRP Land Auction, Deuel Co., SD

November 8, 2024 10:00 am

Norden W. Twp., Deuel Co., SD

Bid Online!

Directions

From Brandt SD, 3 miles east on 188th St. to Tract 1, then to Tract 2, ½ mile east & ¼ mile south on 483rd Ave.

Tract 1 Sold For $4,550 Per Acre or $666,575.00 & Tract 2 Sold For $3,500 Per Acre or $140,000.00

Auctioneer Notes

This auction presents an opportunity to purchase quality CRP land located in Deuel Co., SD. The two parcels are only a half mile from each other, both on a paved road east of Brandt and close to Fox Lake. The sale will be held live on site, with online bidding available the day of the sale. Possession available in 2024!

Overview

TRACT 1; 146.5 +/- Acres – This quality CRP farm is located on a paved road 3 miles east of Brandt and has lush grasses and excellent cover! The farm has 128.35 acres enrolled in CRP w/ two 15 year contracts that run to 2031 and 2034. The total annual CRP payment is $24,846 that the new buyer will begin receiving in 2025. The farm also will receive a $7.00 per acre annual payment for a wind rights easement for potential future neighboring wind towers. The farm has a gentle laying topography, good access and location, and also has a soil rating of 66.4 on the cropland & CRP acres. The farm makes for an excellent conservational property, or also could serve as a row crop farm based off the topography and productivity rating.
Description: NW ¼ Exc. Building Site on E Side, of Sec. 26, T-114-N, R-48-W, Norden W. Twp., Deuel Co. SD,

TRACT 2; 40 +/- Acres – This lush 40 acre CRP farm is located just half a mile east of Tract 1, and is also located on a paved road. The property has 25.1 acres enrolled in CRP with two 15 year contracts that run to 2029. The total annual CRP payment is $4,016 that the buyer will begin receiving in 2025. The farm also will receive a $7.00 per acre annual payment for a wind rights easement for potential future neighboring wind towers. The farm has a soil rating of 68.4 on the cropland & CRP acres, and also has a nice laying topography. There also is good access and a great location with this farm being on a paved road and only approx. ¼ of a mile from Fox Lake! 40 acre parcels with conservational or crop opportunities on a hwy., close to a lake don’t come available very often!
Description: SW ¼ of NW ¼, Sec. 25, T-114-N, R-48-W, Norden W. Twp., Deuel Co. SD

Description

146 +/- Acres in Sec. 26, & 40 +/- Acres in Sec. 25, Norden W. Twp., Deuel Co., SD

Terms

10% non-refundable earnest money deposit due day of sale; balance due on or before December 11th, 2024. Additional time for closing may be needed for recording of the new plat, possibly one or two additional weeks. The buyers may receive immediate access after the sale by providing a 15% earnest money deposit. Closing fees & title insurance is split 50/50 between buyer & sellers. The seller will pay the 2024 RE taxes, and the new buyer will pay the 2025 taxes payable in 2026. Tract 2 RE taxes are approximately $10.70 per acre, and Tract 1 RE taxes currently are approximately $13.28 per acre but will be subject to a new levy when the tree's around the acreage site are surveyed off. The wind easement is through Global Winds Harvest Inc., and provide a $7.00 per acre payment for a short term developmental phase, then $35 per acre if any wind towers are constructed nearby. It has been deemed unlikely that a wind tower would be placed directly on either of these two farms, but likely that ones will be constructed within a few miles that would then generate the $35 per acre payment. The farms are sold subject to easements and restrictions, if any, and is sold subject to confirmation of owners. The farms are offered as is, where is, without warrantees or guarantees of any kind. There is a US Fish & Wildlife Wetlands Drainage Easement on both farms. Preliminary title will be ordered and provided prior to the sale. Tract 1 has an acreage site and driveway that is excluded, and total acres will be determined by a survey excluding the acreage site. The preliminary plat for said acreage site came up to 13.50 acres. CRP totals may slightly vary by an acre more or less from the new plat. Information contained herein and all statements made are believed accurate but not guaranteed. The sellers do not guarantee fences lie on true boundary lines. New fencing, if any, is buyer’s responsibility. The auctioneers represent the seller in this transaction. Buyers or sellers may elect to conduct a 1031 exchange.

Owner

Dennis & Arlene Milton, Judy & LeRoy Sonnenburg, Lonnie Milton, Travous Milton, Jacob Milton, Lucas Milton & Ricky Milton

Additional Information

LAND BROKERAGE FIRM & AUCTIONEERS Burlage Peterson Auctioneers & Realtors, LLC Land Brokers - Auctioneers - Realtors - Farm Managers Office@burlagepeterson.com or 605-692-7102 317 4th St., Brookings SD, 57006