+/-157.76 of Land Acres Located Near Ramona in Northwest Lake County, SD – Inclusive of an Existing “Shouse” – (A Combined Living Quarters & Equipment Storage Building) – Complemented by a Mixture of Cropland, a Respectable CRP Contract, an Owned Lake, Tree Plantings, Hunting & Wildlife Habitat – To Be Offered as 2 Tracts or as a Combined Unit– A Real Hunting & Wildlife Mecca with Supportive Cash Flow!
We will offer the following real property at auction at the land located from the Jct. of Highways #34 & #81 in Madison, SD – 8 miles north on Hwy. #81 to the Ramona Corner, then 4 miles west on 225th St. and 1 mile south on 450th Ave. to the SW Corner of the land at the Jct. of 226th St. & 450th Ave.; from the NE Corner of Ramona – Just ½ mile south to the NW Corner of the Land; from Brookings, SD – approx. 16 miles west on Hwy. #14 to the Curve at the Jct. Hwy’s. #14 & #81, 14 miles south on Hwy. # 81 to the Ramona Corner, then 4 miles west on 225th St. and 1 mile south on 450th Ave. or from Sioux Falls, SD – approx. 65 miles northwest of Sioux Falls, SD.
WEDNESDAY MORNING OCTOBER 24, 2018 SALE TIME: 10:00 AM
AUCTIONEERS NOTE – Attention – Crop/Livestock Operators, Investors, Hunters, Wildlife Enthusiasts & Others in the Market for a Parcel of Land that Awards a Myriad of Amenities to Fulfill the Needs and Interests of a Wide Variety of Land Buyers! This property will be Offered as TRACT #1 – +/-60 Acres in the SW Sector of the farm with the Existing Improvements, Tree Plantings & Lake; TRACT #2 – +/-97.76 Acres Unimproved with a Mixture of Cropland, CRP & Grassland or TRACTS #1 & #2 Combined – The +/-157.76 Acre Unit. **Note – If sold in Multiple Tracts the Acres in Each Tract will be Adjusted in Accordance with the Surveyed Acres.*
The sounds of the cackling pheasants, quacking ducks and honking geese heard in the early mornings, as well as the appearance of deer and other wildlife on this property are evidence that this farm is truly a wildlife mecca. It became apparent upon the initial inspection of the land by the auctioneers that this truly is a “One of a Kind” property that would be of interest to a variety of prospects in the market for land, especially since there was evidence that the property includes a variety of desirable and unique amenities. The existing building site could serve as a nice location for construction of a new home or utilization of the attractive existing “Shouse” – which has overall dimensions of approx. 42’x62’; and is inclusive of attractive living quarters, a bar area, equipment storage space and a covered patio area. The living quarters include a finished area (approx. 18’x30’ or +/-540 sq. ft.) that is inclusive of a living room type area w/big screen TV, a kitchen space with attractive cabinetry appropriately accented with a wildlife décor & appliances, a sleeping area with 6 built-in bunks and a ¾ bath – this area has elec. heating and a wall mtd. AC unit; additionally the remainder of this building has a bar area, laundry area w/washer & dryer and equipment storage space – this space has foam insulation & a hanging LP gas heater and has a concrete floor throughout; additionally this building has an adjacent covered patio area w/a concrete pad (approx. 15’x30’) and an open area w/concrete (approx. 15’x32’) – both of which run adjacent to the south side of the building; additionally there is a metal storage bldg. on the property (approx. 18’x20’) with a roll-up door and an area on the property w/plug-ins for camper parking; this property has a septic system and is serviced by Kingbrook Rural Water and Sioux Valley Energy Rural Elec. The existing improvements could serve as a well located seasonal hunting or farm/ranch headquarters, especially since existing electrical and rural water are in place on the bldg. site. Furthermore, the area where the existing improvements are located potentially could be a nice location for establishment of a rural residence/acreage site, as according to Lake County Planning and Zoning, the existing improved site would be eligible as a location for establishment of a new residence. According to FSA information this acre farm has a total of approximately 98.15 acres of cropland, although subsequent to the CRP reduction this property currently has approx. 66.66 acres of effective cropland, with an 11 acre corn base with a 130 bu. PLC yield, an 11 acre soybean base with a 29 bu. PLC yield, a 7.50 acre wheat base with a 30 bu. PLC yield and a 4.90 acre oats base with a 60 bu. PLC yield; additionally this farm has approx. 31.49 acres enrolled in the CRP program at a rate of $238.72/Acre generating a total projected annual payment of $7,517.00 per year, with the contract scheduled to expire on Sept. 30, 2024; the remaining non-tillable acres are comprised of a few acres of grassland/pasture, as well as excellent hunting habitat comprised of tree plantings, lake & lowland, which in combination with the CRP acres makes this an extraordinary hunting and recreational property. Furthermore, additional income is available from the +/-66 acres of cropland that are not enrolled in CRP and are available to farm or lease in 2019. According to the Lake County Assessor this farm has an overall soil rating of .659, similarly info. obtained from Surety Agri-Data, Inc. indicates this land as an overall productivity index of 67.2 and if the lake area is excluded, Surety info. indicates that the remainder of the land has a productivity index of a 76. The general topography of the land has a gently rolling terrain, with lowland depressions in the lake and lowland areas. According to the Lake Co. Treasurer the RE taxes payable in 2018 on this property were $2,784.24. Last, but not least, upon inspection of the property the wildlife and hunting aspects of this property were evidenced by the observation of pheasants, waterfowl and deer sighted on this land. Whether you are a hunter/wildlife enthusiast, farm operator, investor or a combination of these, then you must inspect this property and see for yourself what this property has to offer! Please mark your calendars and plan to be in attendance at this auction.
LEGAL DESC.: The SW ¼, Exc. RR ROW, Sec. 33, T. 108N., R. 53W., (Badus Twp.), Lake County, SD.
TERMS: Cash – A 10% non-refundable downpayment on the day of the sale with the balance due and payable on or before Jan. 5, 2018, with possession. The buyer to receive 100% of the CRP payment payable in 2019 with no proration, in the projected total amount of $7,517.00 payable on Sept. 30, 2019 and each year thereafter until the expiration of the contract. The new owner(s) will be obligated to comply with all of the remaining terms and provisions of the existing CRP contract; any penalty for non-compliance with the existing CRP contract or buyout of the existing CRP contract will be the responsibility of the new owner(s). Marketable Title will be conveyed and an owners title insurance policy provided with the cost of the owners policy will be divided 50-50 between the buyer and seller. All of the RE taxes payable in 2018, as well as the 2018 RE taxes payable in 2019 will be paid by the sellers. The acres in this farm are based on the acres stated on the county tax records with the acres to be understood to be “more or less”, although if sold in multiple tracts the acres will be adjusted in accordance with the survey. Survey expenses, if any, will be paid by the sellers. The sellers do not guarantee that the existing fences lie on the true and correct boundary and any new fencing with be the responsibility of the purchaser pursuant to SD Law. FSA yields, bases, payments, CRP information and other estimates are estimated and are not guaranteed and are subject to County Committee Approval. 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 zoning ordinances. The RE licensees in this transaction stipulate that they are acting as agents for the seller. Sold subject to confirmation of the owners. For additional information contact the auctioneers or Brian Kern – ph. 605-480-2277.
BRIAN KERN & DANIEL KERN, Owners
Brian Kern – Ph. 605-480-2277
CHUCK SUTTON – Auctioneer & Land Broker – Sioux Falls, SD – Ph. 605-336-6315;
DEAN GULBRANSON – Auctioneer & RE Broker Assoc. – Brookings, SD – ph. 605-695-0133
& JARED SUTTON – Auctioneer & RE Broker Assoc. – Flandreau, SD – Ph. 605-864-8527