475.6 +/- Acre Adjoining Land & Acreage Auction

March 7, 2024 10:00 am

Oakwood Twp., Brookings Co., SD

Bid Online!

Directions

From Volga, SD 5 miles north on 464th Ave., & 2 ¼ miles west on 206th St. Or from Bruce Intersection on Hwy. 30, 4 miles west, then 2 miles south on 462nd Ave. & ¼ mile west on 206th St

Tract 1 Sold For $9,200 Per Acre or $940,240.00

Tract 2 Sold For $9,200 Per Acre or $1,196,000.00

Tract 3 Sold For $7,050 Per Acre or $407,490.00

Tract 4 Sold For $6,100 Per Acre or $1,054,690.00

Tract 5 Sold For $389,000.00

Auctioneer Notes

Here is an outstanding land offering, providing the opportunity to purchase up to 475.6 +/- adjoining acres of highly productive, Brookings Co. Land. The land and acreage site are all adjoining will be offered individually in 5 tracts, featuring two strong row crop farms, a large pasture farm, a CRP & Rec farm, and an established acreage. The sale will be held live, onsite with online bidding available during the sale. The new buyers will receive full possession at closing for this crop year! No buyer’s premium. The acreage will be open for viewing an hour before the auction begins. Preliminary title work and documents for disclosure are published within this webpage under the posted tabs. Contact the auctioneers & brokerage firm and don’t miss this sale! Watch for signs the morning of the sale for where the auction will be held.

Overview

Tract 1 – 102.2 +/- Acres Tillable This strong inside corn & soybean farm offers 89.91 cropland acres, per the FSA office, w/ approx. 85 +/- acres currently under cultivation. The farm has a corn PLC yield of 148 and a soybean PLC yield of 43. The farm is predominantly comprised of Class II soils featuring Poinsett-Buse-Waubay Complex with a soil rating of 77.5. The farm joins tracts 2, 4 & 5.
Description: 102.2 +/- Acres in the E ½ of Sec 20, T-111-N, R-51-W, Oakwood Twp., Brookings Co., SD

Tract 2 – 130 +/- Acres Tillable This nearly all tillable corn and soybean farm has approximately 127 +/- cropland acres, and primarily features Poinsett-Buse-Waubay Complex Soils, ideal for row crops. The farm has a soil rating of 72.1, and also has a gentle laying topography. The farm has a corn PLC yield of 148 and a soybean PLC yield of 43. This inside tract is adjoining to tracts 1, 3, 4 & 5.
Description: 130 +/- acres in the W ½ of Sec. 20, T-111-N, R-51-W, Oakwood Twp., Brookings Co., SD

Tract 3 – 57.8 +/- Acres CRP & Tillable This tract offers a unique opportunity for a parcel that includes tillable acres, CRP acres, and also meets the size criteria for an eligible building site. The farm currently has 27 +/- tillable acres and 21 acres enrolled into CRP through 2027 with an annual payment of $4,311.00 that the buyer will receive this year. The farm joins tracts 2 & 4 and makes for an outstanding row crop & rec farm & potential buildable site.
Description: 57.8 +/- acres in the W ½ of Sec. 20, T-111-N, R-51-W, Oakwood Twp., Brookings Co., SD

Tract 4 – 172.9 +/- Acres Pasture This strong pasture parcel includes approximately 160 +/- fenced in acres with a natural water source and two dug outs. The parcel also includes approximately 7.79 cropland acres in the NE corner. The pasture has a gentle laying topography and good access on the north side. The electric fence is included with the property, and this pasture tract is adjoining to tracts 1, 2 & 3.
Description: 172.9 +/- acres in the N ½ of Sec. 20, T-111-N, R-51-W, Oakwood Twp., Brookings Co., SD

Tract 5 – 12.7 +/- Acre Acreage This 12 +/- acre acreage features a ranch style home, ample room and scenic views. The ranch home was built in 1974 and has 1,196 square feet with 3 beds and 1 bath on the main floor. The home has an additional 1,196 sq. ft. in the basement that is unfinished and offers additional usable space and potential bedrooms as there are existing egress windows. The house also has an attached garage, central air, rural water, and will include all appliances. Accompanying the house is a 36x152 pole shed/barn that provides over 5,400 sq. ft. of usable space. The building was used for storage, animal housing and milking cows. This property has many mature trees for shelter and a long driveway that provides great views and privacy for country living enthusiasts!
Property Address: 46148 206th St., Bruce SD 57220

Description

474 Adjoining +/- Acres in Sec. 20, Oakwood Twp., Brookings Co., SD

Terms

10% non-refundable earnest money deposit due day of sale with balance due on or before April 19th, 2024. It is understood and agreed to by all parties that some additional time may be required for proper timing to record and approve said the new boundary lines plat. The plat will be filed regardless of how many total buyers there are on this sale. Title insurance and closing fees split 50/50 between buyer & seller. All parcels are free for possession for the 2024 crop year. The acreage will have possession at closing. The new buyers will be responsible for the 2024 RE taxes. A plat or survey will be provided for the parcels, with the cost split 50/50 between the buyers and sellers. The total acres are dependent upon the plat, with the purchase price for bare land tracts, 1-4, reflecting the total acres. The new plat is available the day of the sale and also posted on the brokerage firms website. The sellers and agents do not make any claims for boundary lines or total acres. Fences are not guaranteed to be accurate boundary line representations. Any new fencing will be the responsibility of the new buyers. The sellers or brokerage firm do not guarantee any future fencing agreements between owner(s). New fencing and usage of said fencing will be the responsibility of the landowner(s). This property is sold subject to easements and restrictions, if any, and is sold subject to confirmation of the owners. A US Fish & Wildlife easement for wetlands is attached to all parcels. New buyers are responsible to conduct their own due diligence for future use and practices. Listed cropland acres are per the FSA office and are not guaranteed to be exact. The buyer for Tract 3 will receive the CRP payments beginning in 2024 and will also be responsible for required CRP midterm maintenance in 2024, along with providing a new approach directly onto this parcel if purchased and owned separately. The new buyers are responsible to conduct their own due diligence for CRP programs or eligibilities for any future uses, acre enrollment eligibilities, or programs of any kind. Any feeders on the pasture is not included with the property. Rural water is believed to be close by for Tract 4, the new buyers would be responsible for any future utility hookups for all tracts. Information about water for tract 4 is believed accurate but not guaranteed. The sellers do not provide any guarantees, warrantees or contingencies for parcels. Information provided is believed accurate but not guaranteed, statements made day of sale take precedence over previous written material. Appliances are included with the acreage. The sellers are selling in a non-living estate and are not providing any disclosure statements or lead base paint disclosures. Items remaining at the property at the time of closing will be transferred to the buyer in as is, where is condition and will be the buyers responsibility. Any items at burn sites on tracts remain with the property at closing. Information contained herein and all statements made are believed to be accurate but not guaranteed. Statements made the day of the sale take precedence over all previous written material. Preliminary title has been ordered with copies posted on listing firm’s website and also available for all buyers the day of the sale upon request. If modifications or errors are made to or within this agreement, all additional terms are withstanding. The auctioneers & Brokerage firm represents the sellers in this transaction, and 1031 exchanges are acceptable by either party.

Owner

Frances F Olson Estate

Additional Information

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