REAL ESTATE AUCTION
Attractive Lakeside One Owner Home on Territorial Road on the East Side of Lake Herman at Madison, SD – This Property has an owned Lake Access to Lake Herman on the West Side of Territorial Road with a Dock & Electrical
As we have made the difficult decision to leave our home and move to an apartment, we will offer the following real property at auction on site at the property located at 1210 Territorial Road; or from the Jct. of Hwy’s. #34 & #81 in Madison SD (Pizza Ranch Corner) – 2 miles west on Hwy. #34 to the West Side of Prairie Village and the Madison Golf Course at Territorial Road, then approx. ½ mile south on Territorial Road to the property.
TUESDAY AUGUST 27, 2019 SALE TIME: 6:00 PM
OPEN HOUSE DATES: Sunday August 11th from 1:00-4:00 PM; Tues. Aug. 13th from 6:00-8:00 PM & Sun. Aug. 18th from 1:00-4:00 PM; or Shown by Appointment
This is a terrific residential property that has many unique features not commonly found in the Madison, SD real estate marketplace, Just to name a few – an extraordinary location, a one owner home with many excellent features and an attached oversized double garage, an additional garage for additional storage, a yard with many established trees and shrubs, a view of Lake Herman and last but not least an owned lake access on the west side of Territorial Road with a staircase, dock & lake access. The residence on this property includes a one owner home built for the Barker’s by Craig Williams Construction in 1993/94 with approx. 1,456 sq. ft. on the upper level and a substantial portion finished on the lower level; the main floor is comprised of a covered front porch and front entrance to a living room with a vaulted ceiling, a gas fireplace & coat closet; a dining room with a bay window & built-in china cabinet; a kitchen/dining area with a sliding patio door to a south wooden deck, oak cabinets w/Corian countertops, a built-in desk and an elec. stove with microwave above, a refrig. and built-in dishwasher; a master bedroom with closet and attached master bath with a tub-shower unit; a hallway w/closet; an open staircase that accesses the lower level; a ½ bath and a main floor laundry area with a closet and side walk door to a spacious attached double garage (approx. 28’x34’) with a finished interior, 2 overhead garage doors with elec. openers, a natural gas wall heater and last but not least – an interior staircase that provides a 2nd access from the garage to the lower level. The lower level of the home is nicely finished and includes a family room with a gas fireplace, a bedroom w/egress window & spacious double deep closet; a ¾ bath w/shower & linen closet; and a large room utilized by Dan Barker as an archery shop/office w/2 closets, egress window and walk door from the lower level to the garage – this space could also be easily converted to bedroom use, providing a 3rd bedroom; a utility room with a natural gas boiler providing hot water heat in the home, an AO Smith gas hot water heater, a water softener, a Nutone central vacuum system and a 200 amp breaker electrical system (that shows a final inspection date of 9/19/94) and there also is a central air conditioning system servicing the home. The exterior of the home has a combination of brick and cedar siding and asphalt shingles. Additionally there is an unattached garage (approx. 18’x26’) with an overhead door & elec. opener, concrete floor, electrical, a steel roof & cedar siding. The residence is in a pleasant parklike setting with an established lawn and many trees & shrubs and is in a semi-private setting as the property is situated between Territorial Road and Prairie Village. The purchase of this home comes with a parcel of land providing private lake access that has approx. 50’ of frontage on Lake Herman – lying on the west side of Territorial Road that has a recently rebuilt staircase leading from Territorial Road to the lake – additionally there is a dock & electrical near the lake. A property with all of the amenities that are encompassed in this property is extremely rare and this auction provides the opportunity to purchase a rather exclusive residential lakeside property. Come take a look for yourself as this is a most impressive property!
ABBREVIATED LEGAL DESC.: Lot 13 of Nelson’s Park and Lot 33 of Sorensen’s Re-Subdivision and also Lot 1 of Sorensen’s 2nd Re-Subdivision, all in Sec. 11, T. 106N., R. 53W. (Herman Twp.), Lake County, SD
TERMS: Cash – A 10% nonrefundable earnest money payment on sale day with balance on or before October 11, 2019. Marketable Title will be conveyed and a title insurance policy will be provided with the cost of Owner’s Policy and Closing Agent’s Fees, if any, divided 50/50 between the buyer and seller. The 2018 Real Estate taxes payable in 2019 in the amount of $2,574.04 and $30.17 will be paid by the seller and based on that amount the 2019 RE taxes will be prorated to the date of closing. This property is sold in “AS IS” condition with no contingencies whatsoever, and subject to any existing easements, restrictions, reservations or highways of record, if any. The RE Licensees/Auctioneers are acting solely as agents for the sellers. Sold subject to confirmation of the owners and/or their POA’s. To view the property, plan to attend the Open Houses or for an appointment contact Susan Connor – ph. 605-480-2548 or the Auctioneers.
BROKER PARTICIPATION WELCOME – A 1% Commission is Available to a licensed RE Broker that represents a successful purchaser of the property and that complies with the criteria for Broker Participation – To Register Buyers Prior to the Day of the Auction & Obtain Information Pertaining to Broker Participation Contact Sutton Auction by ph. 605-336-6315 or by email at firstname.lastname@example.org.
DAN & SHIRLEY BARKER, Owners
Susan Connor – ph. 605-480-2548
CHUCK SUTTON – Auctioneer & Land Broker – Sioux Falls, SD – ph. 605-336-6315
WAYNE BESSMAN – RE & Pers. Property Auctioneer – Madison, SD – ph. 605-270-4980
JARED SUTTON – Auctioneer & RE Broker Assoc. – Flandreau, SD – ph. 605-864-8527