304.05 +/- Acre Lake County (Wentworth Twp.), SD Land Auction

November 12, 2021 10:00 am

On Site: Lake County

Directions

Tract 1 Sold For $10,300 Per Acre. Tracts 2 & 3 Sold for $10,075 Per Acre For a Total of $3,077,715.00

Auctioneer Notes

EXCELLENT LOCATION, EASY ACCESS, NEARLY ALL-TILLABLE LAND WENTWORTH TWP., LAKE COUNTY, SD This high-quality land is located just a mile southwest of Dakota Ethanol Plant and close to Lake Madison. This property will be offered as 3 separate tracts or Tracts II & III combined. We will offer at Public Auction the following described real estate conducted onsite, located from Madison, SD, (Hwy 34) 7 miles east on Hwy 34 then 1 ¼ miles south on 462nd Ave (Wentworth Corner) This Lake County, SD land (Wentworth Twp) presents an excellent opportunity to purchase up to 304.05 +/- acres of good, nearly all-tillable land. This land is in a strong agricultural area in very close proximity to Dakota Ethanol. If you are in the market for good land that could serve as an outstanding addition to your operation or investment portfolio, you will not want to miss this auction. Any of these tracts of land would also have potential for building sites. These farms are free and clear to farm for the 2022 season.

Overview

Tract I – 64.05 +/- Acres: This nearly all tillable farm is located just across the road from Lake Madison and in a very good agricultural area that has easy access bordering an oil road on the east side of the land. According to Surety AgriData, this farm has a productivity index of 75.6 with predominately good Class I and II soils.

Legal Description: E ½ NW ¼ & Govt Lot 1 NW ¼ Exc Scully’s 1st Addn (LT 1 & 2) & Exc Scully’s 2nd Addn of Sec. 32, T-106-N, R-51-W, Lake Co., SD

Tract II – 160 +/- Acres: This nearly all tillable farm has easy access with an oil road on both the east and south side of the property. According to FSA information, this farm is made up of good Class II soils.

Legal Description: SE ¼ of Sec. 29, T-106-N, R-51-W, Lake Co., SD

Tract III – 80 +/- Acres: This nearly all tillable farm joins Tract II with good access to the farm. According to FSA information, this farm is made up of good producing Class II soils. Tracts II & III will be offered individually or combined as a total of 240+/- acres.

Legal Description: S ½ of the NE ¼ of Sec. 29, T-106-N, R-51-W, Lake Co., SD

Tracts II & III, according to Surety AgriData, have a combined productivity index of 73.9 with predominately good Class I and II soils. According to FSA reports, Tracts II & III combined have 230.52+/- cropland acres with a 162.03 acre corn base and 142 bu PLC yield; a 59.14 acre soybean base and 44 bu PLC yield.

Description

S ½ of the NE ¼ of Sec. 29, T-106-N, R-51-W, Lake Co., SD

Terms

10% non-refundable earnest money deposit due day of sale; balance due on or before December 21, 2021. Closing fees split 50/50 between buyer & sellers. Sellers will pay 2021 real estate taxes due and payable in 2022 with the new buyer to pay all future real estate taxes. This property is sold subject to easements, restrictions, contracts, 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 and any new fencing, if any, is buyer’s responsibility. Tracts II & III will be offered separately or as a complete unit; if sold separately, exact acres to be determined by survey at seller’s expense. Burlage Peterson Auctioneers & Realtors, LLC represents the sellers in this transaction.

Owner

SCULLY FAMILY FARM, LLP

Additional Information

Auctioneers & Land Brokerage Firm Burlage Peterson Auctioneers & Realtors, LLC Scott & Jim Peterson, Lenny & Tyler Burlage Jill M. Cooper - Business Manager 605-692-7102 of Office@burlagepeterson.com