640 +/- ACRE LAND AUCTION, FAULK CO., SD

August 23, 2018 12:00 am

Faulk County, SD

Directions

Sold for $3,875 per acre

Auctioneer Notes

ATTENTION: FARMERS | INVESTORS: Here is an auction that presents an excellent opportunity to purchase up to 640+/- acres of quality Sherman Township, Faulk Co., SD land located just 1 mile north of SD-Hwy 20. This land has been in the Schaefer family for over 70 years. Now is the time if you are in the market for land that could serve as an outstanding addition to a row crop farming operation or an excellent investment opportunity. These farms will be offered individually or as a complete unit. All 4 tracts are free and clear to farm for the 2019 season.

Overview

Tract I – 160+/- Acres This quarter has approximately 155.52+/- cropland acres, predominately Class II Williams-Bowbells-Zahl loams rated at 80 productivity index that has great eye appeal with a nearly level topography and an overall productivity rating of 76.8. This quarter is adjacent to tract II and is across the road from tracts III & IV.

Legal Description: SE 1/4 of Section 10, T-120-N, R-72-W, Sherman Twp., Faulk Co., SD

Tract II – 160+/- Acres This quarter has approximately 134.92+/- cropland acres, predominately Class II Williams-Bowbells-Zahl loams rated at 80 productivity index that has great eye appeal with a nearly level topography and an overall productivity rating of 70.7. This quarter is adjacent to tract I and is across the road from tracts III & IV.

Legal Description: NW 1/4 of Section 10, T-120-N, R-72-W, Sherman Twp., Faulk Co., SD

Tract III – 160+/- Acres This quarter has approximately 139.2+/- cropland acres, predominately Class II Williams-Bowbells-Zahl loams rated at 80 productivity index that has great eye appeal with a nearly level topography and an overall productivity rating of 74.5. This quarter joins tract IV and is across the road from tracts I & II.

Legal Description: SE 1/4 of Section 3, T-120-N, R-72-W, Sherman Twp., Faulk Co., SD

Tract IV – 160+/- Acres This quarter has approximately 139.2+/- cropland acres, predominately Class II Williams-Bowbells-Zahl loams rated at 80 productivity index that has great eye appeal with a nearly level topography and an overall productivity rating of 74.2. This quarter joins tract III and is across the road from tracts I & II.

Legal Description: SW 1/4 of Section 3, T-120-N, R-72-W, Sherman Twp., Faulk Co., SD

Description

Terms

10% non-refundable earnest money deposit due day of sale. Closing will be on or before October 4, 2018 with this land being sold subject to 2018 leases expiring December 31, 2018. Title insurance and closing fee will be divided 50/50 between the buyer and seller. All the 2018 RE taxes due and payable in 2019 will be paid by the seller with the 2019 and beyond RE taxes to be paid by the new buyer(s). The seller(s) does not warranty or guarantee that existing fences lie on the true boundary, and any new fencing will be the responsibility of the purchaser pursuant to SD statutes. Information contained herein are believed to be correct but is not guaranteed. Sold subject to existing easements, contracts, restrictions, reservations or highways of record, if any, as well as any or all Faulk County Zoning Ordinances. Auctioneers & Realtors are acting as agents for the seller. Announcements made day of sale take precedence over any written materials. Said property is sold as is. This sale is subject to seller confirmation. Not responsible for accidents.

Owner

PAUL SCHAEFER, KATHY MYERS, RIC SCHAEFER