Burlage Peterson
Kingsbury County, SD
AUCTION TO BE HELD AT THE LAKE PRESTON COMMUNITY CENTER AT 3RD STREET SW, LAKE PRESTON, SD.
Tract I: This 148.32 +/- acre farm is located from the west side of Lake Preston, SD, 8 miles north on 441st Avenue, 1 mile east on 200th St. and ½ mile south on 442nd Ave. This unimproved farm has a good location only ½ mile from an oil road. The farm has a gentle slope and a high percentage of tillable acres. According to the FSA Office, the farm has approx. 136 tillable acres w/corn base of 63.2 acres w/PLC yield of 130 bus.; 28.5 soybean base w/ PLC yield of 31 bus.; and 44.4 wheat base w/PLC yield of 36 bus. According to Surety AgriData, the farm has predominately Class II soils with a productivity index of 72.8. Part of this farm has been in the Hodges Family for 100 years.
Legal Description: SW ¼, Section 30, T-112-N, R-54-W, Hartland “E” Twp., Kingsbury County, SD
Tract II: This 160 +/- acre farm is located from Erwin, SD, 2 ½ miles east on 200th street, 3 miles north on 441st Ave., then ½ mile west on 197th Street or from Lake Preston, SD, 11 miles north on 441st Ave., then ½ mile west on 197th St. This unimproved, productive farm, according to the FSA Office, has approx. 125.6 tillable acres w/balance in waterway, trees and roads. The corn base of 108.6 acres w/PLC yield of 141 bus. and soybean base of 14.5 acres w/PLC yield of 32 bus. According to Surety AgriData, the farm has predominately Class II soils and a productivity index of 80.2 on tillable acres only. This farm has been in the Hodges Family for 120 years.
Legal Description: SW ¼, Section 2, T-112-N, R-55-W, Hartland “E” Twp., Kingsbury County, SD
10% non-refundable earnest money deposit on each Tract due day of sale; balance due on or before November 20, 2019. Each tract will be offered individually only. Title insurance and closing fee split 50/50 between buyer and seller. Seller will pay 2019 real estate taxes payable in 2020 based on the 2018 real estate taxes. Properties sold subject to any easements, restrictions, reservations of record. Fences my not lie on true and accurate boundary lines; new fencing, if any, is the responsibility of new buyer pursuant to SD statutes. Sold subject to confirmation of personal representative. Auctioneers & Realtors represent the seller in this transaction.
MARK HODGES ESTATE
TRACT 1 SOLD FOR $3,500 PER ACRE or $519,120.00 TRACT 2 SOLD FOR $4,050 PER ACRE of $648,000.00 SCOTT HODGES, PR AUCTIONEERS & REALTORS Burlage Peterson Auctioneers & Realtors, LLC Jim & Scott Peterson, Lenny & Tyler Burlage 317 4th St, Brookings, SD 605-692-7102 www.burlagepeterson.com ATTORNEY FOR ESTATE Todd Wilkinson Wilkinson & Schumacher Law 103 Joliet Ave SE, DeSmet, SD
