465.55+/- Acre Deuel Co., SD Land Auction

May 17, 2024 10:00 am

Altamont Twp., Deuel Co., SD

Directions

from Altamont, SD (Jct. of SD Hwy. #15 Jct./476th Ave. & 175th St./Deuel Co. Hwy. #309) – approx. 1 ¾ miles north on Hwy. #15 to the SALE SITE on PARCEL #1; from Clear Lake, SD – approx.7 ¾ miles north on SD Hwy. #15; or from Watertown, SD (Exit #177 on I-29) – approx. 11 ½ miles east on Hwy. #212 to Tunerville, then 1 mile south on SD Hwy. #15 (476th Ave.).

Tracts 1 & 2 Sold For $3,550 Per Acre or $789,910.50

Tract 3 Sold for $3,000 Per Acre or $729,120.00

Auctioneer Notes

The Cattle Market has been strong and sizeable parcels of eastern South Dakota grass are difficult to find, thus this auction provides a great opportunity for cattle producers seeking pastureland to utilize to either maintain or grow the size of their livestock operations. If you’re in the market for pastureland, then make plans to inspect these parcels and be in attendance at this Auction! SPECIAL NOTE – This Pasture is Available for the Use of the Buyer for the 2024 Grazing Season, with immediate possession on sale day!

Aerial Map

Brochure

Overview

LAND AUCTION
+/-465.55 ACRES OF WELL LOCATED ALTAMONT TOWNSHIP, DEUEL COUNTY, SD PASTURE ATTENTION – CATTLE PRODUCERS and/or ACREAGE BUYERS!

To Be Offered in Multiple Parcels & Combinations of Parcels – All of this Land Is Available for the 2024 Grazing Season!

These +/-465.55 Surveyed Acres will be offered as – PARCEL #1 – +/-58.28 Acres w/Remnants of a Former Farmstead w/Rural Water and Existing Pasture; PARCEL #2 – +/-164.23 Acres of Pasture – Both Located in Sec. 10; and PARCEL #3 – +/-243.04 Acres in Sec. 15; or PARCELS #1 & #2 Combined – +/- 222.51 Acres; PARCELS #2 & #3 Combined – +/- 407.27 Acres; or PARCELS #1, #2 & #3 Combined – The Entire +/-465.55 Acres. In Combinations, these parcels may have potential to provide excellent opportunities for rotational grazing.

PARCEL #1: +/-58.28 Acres Surveyed Acres – Legal Desc.: Tract #1 of Fromm Addition in the NE¼ of Sec. 10, T. 116N., R. 49W., (Altamont Twp.) Deuel Co., SD

Parcel #1 is an “L” Shaped parcel which could be a very nice location for an acreage/hobby farm. This parcel has remnants of an old abandoned farmstead with rural water on site, thus this could be an excellent location as a site for construction of a new home, especially since this parcel has a great location lying adjacent to SD Hwy. #15 and also being just ½ mile south of Tunerville at the Jct. of Highways #212 & SD Hwy. #15 and conveniently located to Clear Lake, SD, Watertown, SD and other area communities and points of interest. Currently this entire parcel is being utilized as pastureland and could be an excellent pasture for bulls or a few head of breeding heifers, horses or other livestock. This property is subject to a US Fish & Wildlife Wetland Easement, which allows for row cropping or grazing at any time, although prohibiting filling, burning or draining of any of the designated wetland areas on the property. There also is an existing Wind Easement on the property with Southern Power Company on +/-415 acres in Sec. 10 which currently is paying approx. $15.00 per acre which will be prorated in accordance with calculations as determined by Southern Power and Debra Fromm of the Fromm Family and thereafter assigned and a succession agreement executed between Southern Power and the buyer. Currently there is a hydrant and rural water service provided by the Brookings-Deuel Rural Water System.

PARCEL #2 – +/-164.23 Surveyed Acres of Pasture – Legal Desc.: Tract 3 of Fromm Addition in the E½ and the SW¼ of Sec. 10, T. 116N., R. 49W., (Altamont Twp.), Deuel County, SD. – With the southeast corner of Parcel #2 located from the Jct. of SD Hwy #15/476th Ave. and 174th St. – approx. 1 mile north of Altamont, SD.

Parcel #2 is an “L” Shaped parcel which could be an excellent parcel of East River SD pasture, especially well suited for the cow-calf producer. This parcel appears to have a combination of native and tame grass, with water provided by a combination of stock dams/dugouts, ponds and seasonal waterways. Within this parcel there are two fields which together include 26.69 acres which have been utilized as hayland and pasture. This land has a rolling to somewhat hilly topography. All of this land is subject to a combination of US Fish & Wildlife Grassland and Wetland Easements and as such is essentially permanent pasture with row cropping of any portion prohibited. This parcel is subject to an existing Wind Easement on the property with Southern Power Company on +/-415 acres in Sec. 10 which currently is paying approx. $15.00 per acre which will be prorated in accordance with calculations as determined by Southern Power and Debra Fromm of the Fromm Family and hereafter assigned and a succession agreement between Southern Power and the buyer.

PARCEL #3 – +/-243.04 Surveyed Acres of Pasture – Legal Desc.: The NW¼ and the W½ NE¼ of Sec. 15, T. 116N., R. 49W., (Altamont Twp.), Deuel County, SD. – Located from Altamont, SD – approx. 1 mile north of Hwy. #15/476th Ave. and ¼ mile west on 174th St. – also lying just south and southwest of Parcel #2.

Parcel #3 is an excellent parcel of East River SD pasture, especially well-suited for the cow-calf producer. This parcel has a well established stand of what appears to be a combination of native and tame grass, with water provided by a combination of stock dams/dugouts, ponds and seasonal creeks/waterways. This land has a rolling to somewhat hilly topography. All of this land is subject to a combination of US Fish & Wildlife Grassland and Wetland Easements, and as such is essentially permanent pasture with row cropping of any portion prohibited. This is an excellent stand alone parcel of pastureland, which would make an excellent parcel for rotational grazing if purchased in combination with Parcel #2. There is no wind easement on this property. In addition to the pasture and grazing opportunities, this parcel may have some added hunting prospects, as the west side of this land lies adjacent to a SD Game Fish & Parks Wildlife Production Area. The 2023 RE Taxes payable in 2024 on this property are $1,311.08.

Description

See Legal Descriptions in Ad

Terms

Cash – A 15% non-refundable downpayment with immediate possession of the land on the day of the sale, with the balance due and payable on or before July 1, 2024. All of this land is subject to a US Fish and Wildlife Wetland Easement with Parcels #2 & #3 also being subject to a Perpetual Grassland Easement. There is an existing Wind Lease and Easement Agreement in place on this parcels situated in Section 10 (Parcels #1 & #2) with Invenergy Wind Development, LLC/Southern Power Company, which was executed in 2016 with the sellers to retain any and all payments attributable to 2023 and paid in arrears in 2024, and also for a portion of 2024 for the period from January 1, 2024 to the date of closing – which currently pays approx. $15.00 per acre, with actual payments to be prorated in accordance with a percentage of the acres outlined in that contract, furthermore there presently are NO towers in place on the property, although provisions of the easement prescribe compensation for construction of each wind tower and a per megawatt amount subsequent to construction, as well as other compensation as prescribed within the agreement, with the buyer to be bound to the length and terms of the Wind Lease and Easement Agreement. Subsequent to closing the new purchaser will be obligated to provide deeds/documents to Southern Power for assignment of the seller’s rights to the respective purchasers in order to receive subsequent payments in 2024 and thereafter for the remaining term of the contract which appears to be scheduled to run for the initial term of 30 years from the effective date in 2016 and through Feb. 2046 with extension options thereafter until Feb. 2066. Marketable Title will be conveyed and an owner’s title insurance policy will be provided with the cost of the owner’s policy and closing agents fee to be divided 50-50 between the buyer and seller. All of the RE taxes for 2023 payable in 2024 will be paid by the sellers, with the buyer to be responsible for 100% of the 2024 RE taxes payable in 2025. The acres in these properties are based on the acres as determined by a survey as completed by Midwest Land Surveying, Inc., with the acres to be understood to be “more or less”. The sellers do not guarantee that the existing fences lie on the true and correct boundary and any new fencing with be the responsibility of the purchaser pursuant to SD Law. Information contained herein is deemed to be correct but is not guaranteed. This property is sold in “AS IS Condition” and is sold subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all applicable zoning ordinances. The RE licensees in this transaction stipulate that they are acting as agents for the sellers. Sold subject to confirmation of the owners.

Owner

Heirs of Howard & Sandra Fromm – dba Fromm Property Holdings, LLLP

Additional Information

Chuck & Jared Sutton – Auctioneers & Land Broker – Sioux Falls, SD – ph. 605-336-6315 & Flandreau, SD – ph. 605-997-3777 Burlage Peterson Auctioneers & Realtors, LLC Scott Peterson, Tyler Burlage, Jim Peterson, Dustin Tetzlaff, Nolan Hansen Land Brokers – Auctioneers – Realtors – Farm Managers Office@burlagepeterson.com or 605-692-7102