53.48 +/- Acres, CRP & Buildable Site, Brookings Co., SD

July 14, 2022 10:00 am

Sterling Twp., Brookings Co., SD

Bid Online!

Directions

From Brookings SD & Hwy 14 Bypass, 7.5 miles north of Brookings on Hwy. 77 (Medary Ave.). Or from Interstate 29 White/Bruce Exit #140, 1.5 miles west on Hwy. 30 & approx. 1/2 mile north on Hwy. 77.

Sold For $6,200 Per Acre or $331,576.00

Auctioneer Notes

Auctioneers’ Note: ATTENTION OUTDOOR RECREATIONAL & COUNTRY LIVING ENTHUSIESTS! This farm presents an excellent opportunity for a quality parcel on a paved road straight north of Brookings. This farm is ideal for hunting & recreational purposes and would be a beautiful spot to build in the country. The parcel features thick cover, many mature trees & a half acre pond. We invite you to inspect this property at any time. This auction will be conducted at the property with live & online bidding available. Don’t miss this sale if you are in the market. The sellers are very motivated to sell!

Overview

This 53.48 +/- acre farm offers the opportunity for an excellent recreational property or a beautiful spot to build in the country. The farm is located on a paved road north of Brookings and is within a few miles of I29. The farm currently has 35.14 acres enrolled in CRP. The first contract has 10.38 acres enrolled at $255.01 per acre and runs through 2032. The seconds contract expires in 2023, and features 24.76 acres at $119.01 per acre. If re-enrolled by the new buyer upon expiring in 2023, the FSA office has estimated a new CRP payment of $235 per acre for the 24.76 acres. The farm has a soil productivity rating of 82.2, and according to the FSA office, 50.04 cropland acres. The property is lush with pheasants, ducks, geese & deer and boasts many mature trees and beautiful views in a private country setting. The new buyer will receive the 2022 CRP payment. Don’t miss this parcel and sale!

Description

N ½ of NW ¼ Exc. H-2 & Exc. Acreage, Sec. 12, T-111-N, R-50-W, Sterling Twp., Brookings Co., SD

Terms

TERMS: 10% non-refundable earnest money deposit due day of sale with balance due on or before August 18th, 2022. The buyer will receive the 2022 CRP payments and will pay the 2022 RE taxes, payable in 2023. The property is sold subject to any easements, restrictions or right of ways, and sold subject to confirmation of the owner. Statements made are believed to be accurate but not guaranteed. Prospective buyers are responsible to conduct their own due diligence for any future use or practices. Future CRP contract estimates are based off current market conditions and are not guaranteed. A half acre pond was dug in 2021, all excavated materials are included with the sale for the new buyer. Fence lines are not guaranteed to be exact boundary lines, and new fencing, if any, if the responsibility of the new buyer. Lines shown on aerial maps, pictures or videos are for reference only and do not guarantee true or exact boundary lines. The new buyer will receive full hunting rights for 2022. The owner is a licensed real estate agent in the state of SD, and a partner with the listing firm. Buyers are welcome to conduct a 1031 exchange. The listing firm represent the sellers in this transaction.

Owner

Sterling Creek, LLC - Owner

Additional Information

LAND BROKERAGE & AUCTIONEER FIRM: Burlage Peterson Auctioneers & Realtors, LLC Tyler, Lenny, Jim, Scott, Dustin & Jill Land Brokers - Auctioneers - Realtors - Farm Managers Office@burlagepeterson.com or 605-692-7102