ACREAGE & LAND AUCTION – Location, Location, Location!!
+/- 90.7 Acres of Extremely Well Located High Profile Brookings County, SD Land Inclusive of an Attractive 12.4 Acre Improved Acreage, +/-78.3 Acres of Surveyed Cropland/Acres with Development Potential or as a Combination of Tracts Comprised of the Acreage Site & Adjacent Land Containing a Total of 90.7 Acres – This Property Features a Superb Location Near the SDSU Campus & Research Facilities Near the Brookings, SD City Limits and just ¾ mile north of the Jct. of Medary Ave. & Hwy. #14, with the West Side of the Property Bordered by Medary Ave./471st Ave. – which is the Primary Northerly Access from Brookings, SD; with this Property Situated in a Locale Which Has Some Futuristic Development Potential in Tempo with the Northerly Growth of the City of Brookings, SD
We will offer this acreage and unique parcel of land at public auction, with the auction to be conducted on site at the acreage located at 2608 North Medary Avenue, Brookings SD or from the SDSU Campus (Jct. of Hwy’s. # 14 & Medary Ave./471st Ave. – ½ mile north on Medary Ave.
THURSDAY DECEMBER 20, 2018 SALE TIME: 10:00 AM
OPEN HOUSE TO INSPECT THE ACREAGE – Sunday Dec. 9th from 1:00 to 3:00 PM Or Shown by Appointment Arranged with the Auctioneers
AUCTIONEERS NOTE: ATTENTION – DEVELOPERS, INVESTORS, ROW CROP OPERATORS & OTHERS IN THE MARKET FOR A WELL LOCATED ACREAGE AND/OR PRODUCTIVE LAND WITH SOME FUTURISTIC DEVELOPMENT POTENTIAL – Very Seldom do opportunities arise to buy a property with all of the amenities such as are found in this one, exhibited by the fact that this land has been in the Hill Family for 3 generations with ownership dating back over 80 years into the 1930’s. The location of this property is second to none in proximity to the city of Brookings, SD; also, this property may not be in the shadow of the SDSU Campanile, but you can see it and the SDSU campus from this property. This auction presents the rare opportunity to purchase a well located parcel of land with an attractive acreage site and land with present agricultural value and some excellent long-term upside potential. This land is situated in an area close-in to Brookings, SD and is within 3/4 mile of the Brookings City Limits.
THIS PROPERTY WILL BE OFFERED AS – TRACT “A” – An Attractive +/- 12.4 Acre Improved Acreage Site; TRACT “B” – +/- 78.3 Acres of Land with a High Percentage Tillable & Futuristic Development Potential; or as TRACTS “A” & “B” – +/- 90.7 Acres with The Acreage Site & Adjacent Land Combined.
If you are in the market for a “One of a Kind” property that features a tremendous location and other desirable amenities located within a close proximity to the City of Brookings, SD & the SDSU Campus, and if you have vision and an entrepreneurial spirit and faith in the continued northerly growth of the City of Brookings, SD, then this is a property which deserves your utmost attention, as this property has significant present agricultural value and is situated within a very close proximity of northern Brookings, SD and lying adjacent to Medary Avenue/471st Ave. – which is a northerly continuum of Medary Ave. from Brookings, SD. This property is in an area that is near some expansive growth of the SDSU Campus and established nearby residential housing in Sunnyview Addition. This property is located just ¾ mile from Hwy, #14 and the bypass on the north side of Brookings, SD. Thus, this property appears to have some significant present value and even more futuristic development potential with the northerly growth of Brookings, SD and continuing development in Brookings County, SD.
TRACT “A” – +/-12.4 Acre Acreage Site – LEGAL DESC.: The S. 860’ of the N. 1,970’ of the W. 628’ of the NW ¼, Exc. Lot H-2, all in Sec. 13, T. 110N., R. 50W., (Brookings Twp.), Brookings Co., SD.
The improvements on the acreage site include a 1 ½ story home with the main level comprised of an east enclosed entryway to a kitchen w/dining area and pine varnished cabinets and a stove & refrig.; a main floor laundry room w/built-in cabinet and closets; a full bath w/linen closet; a formal dining room with a built-in window AC unit; a bedroom/den (no closet) and a living room w/walk door to a wdn. deck and a north enclosed entry/mudroom which accesses both the main and basement levels; the 2nd story has a large hallway with a built-in stg. cabinet w/wainscot doors & 3 drwrs. below, 2 east bedrooms (no closets), a lg. walk-in and a 2nd walk-in/trunk closet; a sewing/craft/stg. room, a south bedroom w/closet and a west bedroom w/walk-in closet; the home has a basement with a combination concrete & stone foundation and includes a hand sink, stg. room w/shower, a utility/stg. room with an updated Lennox Nat. Gas forced air furnace, a 200 amp breaker elec. service, elec. HW heater, a pressure system that serves in connection with the well that currently services the property and there is a leased Culligan Water Softener that is not included with the property. The exterior of the home has vinyl siding and asphalt shingles. This home has a great deal of potential, but is in need of some updating and repairs. This property is currently serviced by a well; furthermore the house is serviced by a septic system and the farmstead is serviced by Sioux Valley Energy Rural Electric. This acreage site has a spectacular beautiful parklike setting with a spacious grassed lawn, abundant mature trees inclusive of evergreens, fruit and deciduous trees throughout the yard and a dense mature tree grove on the west, north and east of the building site. Other improvements on the property include an oversized unattached single garage w/2 overhead doors, a wdn. quonset (approx. 26’x60’) which was previously utilized as a woodworking shop w/concrete floor throughout and approx. 2/3rds insulated w/plywood lined walls and Beacon-Morris nat. gas furnace, a water hydrant and electrical & approx. 1/3 cold storage and a 2nd story hay mow/stg. area with a divider wall; a wdn. quonset (40’x60’) w/N. & S. sliding doors, shop room w/work bench, breaker elec. svc. and approx. 1/3 concrete and remainder dirt floor; a 4 section open front livestock bldg. w/concrete floor and apron, an older hip roofed hog house w/metal clad exterior and asphalt shingles; 3- Lindsay +/-5,000 bu. bins, a +/-3,000 bu. bin & +/-1,000 bu. bin; 2 cement stave silos; 3 livestock yards w/RR tie fencing & a cattle working area and a lg. grassed area south of one of the quonsets w/fencing on 2 sides. This is a spacious acreage site that must be seen to be appreciated!
TRACT “B” – +/-78.3 Surveyed Acres – LEGAL DESC.: Civil Design Described Parcel 2 – The N. 1,110’ of the NW ¼, Exc. Lot H-2 thereof, all in Sec. 13, T. 110N., R. 50W., Brookings Co., SD – containing 66.1 acres M/L; & Civil Design Parcel 4 – The N 1110’ of the W. 478’ of the NE ¼ of Sec. 13, T. 110N., R. 50W., Brookings County, SD – containing 12.2 acres M/L.
This property is part of a break-out of a larger parcel that included other land previously owned by the sellers, thus actual FSA cropland acres, yields and bases are unknown, although from a visual inspection of this parcel, this land is nearly all tillable with the exception of ditch and roads. There was an NRCS Wetland Determination completed on this property in 2008, for more specifics see suttonauction.com or contact the Brookings County NRCS office – ph. 605-692-8003. According to information obtained from Surety Agri-Data Inc., this land has an overall productivity index of 84.8, with the soils being primarily Class I & II soils. The general topography of this land is level to nearly level. This property may have potential for annexation to the City and subsequently would have potential for development of a large number of residences and other types of development in accordance with a development plan approved by Brookings City and possibly the Brookings County Planning and Zoning, as this property lies within the Joint Jurisdictional Area. The productive cropland on this property has a significant amount of present agricultural value, although with the superb location of this land, along with other features of this land and aspects of the vicinity makes this an especially unique property, that should make this a very desirable property for a wide variety of buyers in the market for land located within a close proximity of Brookings SD and the SDSU campus.
TERMS: Cash – A 10% non-refundable downpayment on the day of the sale on each parcel and the balance on or before February 8, 2019 with full possession of the farmstead/acreage at closing and for possession of the land (Tract “B”) at closing and for the 2019 crop year and/or construction season. A Warranty Deed(s) will be conveyed and Owner’s Title Insurance provided through Brookings County Title Company, with the cost of the owner’s policy divided 50-50. A closing agent’s fee (Brookings County Title Co.), if any, to be divided 50-50 between the buyer and seller. According to the Brookings Co. Treasurer the 2017 RE taxes payable in 2018 on this land were based on a +/-309 acre parcel inclusive of the farmstead and were $7,101.54 and those taxes have been paid by the sellers; additionally all of the 2018 RE taxes payable in 2019 will be paid by the seller. The acres in this property are to be based on the acres as determined by a survey of the property as completed by Civil Design Inc. (CDI), with the acres understood be “more or less” with the survey cost paid by the seller – with Tr. “A” –the acreage to be sold by the total dollar and Tr. “B” to be calculated on a per acre basis; if combined the amounts will be averaged. The sellers do not warrant or guarantee that existing fences lie on the true & correct boundary, any new fencing or future maintenance of fences is the responsibility of the buyer(s) in accordance with SD law. Any future zoning and utilization is subject to the City of Brookings, SD Joint Jurisdictional Platting Authority and/or Brookings County Planning and Zoning, and is subject to any related zoning conditions and requirements, with any or all future development costs or assessments to be the responsibility of the purchaser. This property is sold in “AS IS” condition with no contingencies whatsoever and the merchantability or suitability of this property for any particular purpose is not guaranteed, buyers are encouraged to do their own due diligence concerning zoning, proposed future uses of the property, availability of utilities and/or cost recovery, if any, as well as research of other matters pertaining to the properties. The RE Licensees in this transaction stipulate that they are acting as agents for the seller. Information contained herein is deemed to be correct, but is not guaranteed. This property is sold subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all applicable Brookings City Zoning Ordinances and/or Brookings County Zoning Requirements. Sold subject to confirmation of the Owner.
KATHRYN A. HILL, Owner
CHUCK SUTTON – Auctioneer & Land Broker – – Sioux Falls, SD – Ph. 605-336-6315 & Flandreau, SD – Ph. 605-997-3777;
DEAN GULBRANSON – RE Auctioneer – Brookings, SD – ph. 605-695-0133
JARED SUTTON – RE Broker Assoc. & Auctioneer – Flandreau, SD – Ph. 605-864-8527