99+/- Acre Land Auction NE of Watertown, Grant Co, SD

September 12, 2024 10:00 am

Troy Twp., Grant Co., SD

Bid Online!

Directions

Located from Kranzburg on Hwy. 212, 2 miles east on Hwy. 212, then 6 miles north on Hwy 289 (Goodwin Corner), then 1 ½ mile east on 166th St.

Sold for $6,100 Per Acre or $603,900.00

Auctioneer Notes

This auction presents an opportunity to purchase a predominantly tillable farm, located northeast of Watertown, and north of Kranzburg. The sale will be held live, at the farm with online bidding available the day of the sale. Don’t miss this land opportunity!

Overview

This predominantly tillable, row crop farm has 94.62 DCP cropland acres with 90 +/- acres annually under cultivation. The farm primarily has class II & III rated soils and feature Barns-Buse-Svea Loam. The total soil rating is 60.1, and the NCCPI rating is 60.4. The farm is under lease through the 2025 crop year and the new buyer will receive the full 2025 rent of $19,350 as an upfront credit at closing. Possession will be granted November 1st, 2025 or after the crop is removed. The farm is located in a good agricultural area, within close proximity to many communities and major highways. This farm will make for a nice addition to your farming or investor portfolio!

Description

99 +/- Acres in SW ¼ Exc. Lots 1 & 2, Sec. 34, T-118-N, R-50-W, Troy Twp., Grant Co., SD

Terms

10% non-refundable earnest money deposit due day of sale; balance due on or before November 1st, 2024. Closing fees split 50/50 between buyer & sellers. The buyer will receive the full 2025 rent payment as a credit at closing. The seller will pay the 2024 taxes, the buyers will be responsible for the 2025 taxes payable in 2026. This property is sold subject to easements and restrictions, if any, and is sold subject to confirmation of owners. The farm is offered as is, where is, without warrantees or guarantees of any kind. The land will be sold as one unit per recorded deeded acres. Information contained herein and all statements made are believed accurate but not guaranteed. Sellers do not guarantee fences lie on the true boundaries. New fencing, if any, is the buyer’s responsibility. The farm will be sold per the recorded deeded acres. The farm has a Wetland Management Easement. The auctioneers and land brokerage firm represent the seller in this transaction. Buyers or sellers may elect to do a 1031 exchange.

Owner

CLARK TRUST; SCOTT CLARK TRUSTEE

Additional Information

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