478.01+/- Acre Land Auction, Brookings & Lake County, SD Land

March 24, 2022 10:00 am

Medary Twp., Brookings, SD

Bid Online!

Directions

located from Volga, SD (Hwy 14 & Samara Ave) 9 miles south on 464th Ave (Samara Ave) then 2 miles east on 220th St.

Sold as a Unit for $10,500 Per Acre or $5,019,105.00

Auctioneer Notes

Here is an opportunity to purchase up to 478.01 +/- acres of strong, productive, tillable land in Brookings and Lake Co.’s of SD. This offering of multiple tracts of land features high-producing, good row crop farms. This sale will be conducted on-site at Tracts 1 & 2 with online bidding available. Don’t miss this auction and excellent opportunity! Aerial Maps, Soil Maps, Tile Maps, Plat Maps and FSA-156EZ (PLC Yield) for all farms are available through our website or office. All tracts will be offered individually or in any combination.

Overview

Tract 1 – 92.42 +/- Acres - This very productive, all-tillable land with drain tile is made up of excellent Class I & II soils. This farm with great eye appeal has easy access located right on an oil road in a good agricultural area. This farm is rented for 2022 & 2023 crop years with the new buyer to receive a seller-enhanced rent credit at closing of $27,726.00.
Legal Description: W ½ of the SW ¼ in Sec. 31, T-109-N, R-50-W, Brookings Co., SD

Tract 2 – 85.45 +/- Acres - Located on the east side of Tract 1, this farm is very productive, all-tillable land with drain tile and is made up of excellent Class I & II soils. This farm has easy access located right on an oil road, great eye appeal and is in a good agricultural area. This farm is rented for 2022 & 2023 crop years with the new buyer to receive a seller-enhanced rent credit at closing of $24,000.00.
Legal Description: E ½ of the SW ¼ in Sec. 31, T-109-N, R-50-W, Brookings Co., SD

Tract 3 – 82.4 +/- Acres - This farm is located just west of Tracts 1 & 2 and consists of very productive, all-tillable land. The farm is made up of excellent Class I & II soils in a good agricultural area with an oil road on the south allowing for easy access. This farm is rented for 2022 & 2023 crop years with the new buyer to receive a seller- enhanced rent credit at closing of $22,000.00.
Legal Description: S ½ of SW ¼ of Sec. 36, T-109-N, R-51-W, Brookings Co., SD.

Tract 4 – 92.78 +/- Acres - This farm is located south across the road from Tracts 1, 2 & 3 and is very productive, nearly all-tillable land. The farm is made up of predominately Class II soils in a good agricultural area with an oil road on the north allowing for easy access. This farm is rented for 2022 & 2023 crop years with the new buyer to receive a seller enhanced rent credit at closing of $24,750.00.
Legal Description: Tract 2 of W ½ of Sec. 1, T-108-N, R-51-W, Lake Co., SD.

Tract 5 – 124.96 +/- Acres – From Tract 3, this farm is located 1 ½ miles west on 220th St., 1 mile north on 464th Ave. and 1 mile west on 219th St. The farm has drain tile, good access and is in a good agricultural area. This farm is rented until November 1, 2024 with the new buyer to receive a seller-enhanced rent credit at closing of $60,000.00.
Legal Description: SE ¼ Exc. S 984’ of E 1,531’ but Includes the E 970’ of N 134’ of S 984’ & Includes the E 575’ of N 118’ of S 850’ in Sec. 28, T-109-N, R-51-W, Brookings Co., SD.

For additional information, please check our website www.burlagepeterson.com or contact Auctioneers.
MAKE PLANS TO ATTEND THIS AUCTION AND COME PREPARED TO BUY.

Description

** See above for complete legal descriptions **

Terms

TERMS: 10% non-refundable earnest money deposit due day of sale; balance due on or before November 17, 2022. Closing fees & title insurance split 50/50 between buyers & sellers. Real Estate taxes for 2022 will be responsibility of the sellers with the new buyer responsible for the 2023 and beyond real estate taxes. This property is sold subject to easements and restrictions, contracts, if any, and is sold subject to confirmation of owners. The farm is also offered as is, where is, without warrantees or guarantees of any kind. Information contained herein and all statements made herein believed to be accurate but not guaranteed. Statements made day of sale take precedence over all written material. Burlage Peterson Auctioneers & Realtors, LLC represents the sellers in this transaction.

Owner

Timothy & Melody Vanderpan

Additional Information

AUCTIONEERS & REALTORS Scott, Jim, Lenny, Tyler, Dustin & Jill Burlage Peterson Auctioneers & Realtors, LLC Land Brokers - Auctioneers - Realtors - Farm Managers Office@burlagepeterson.com or 605-692-7102