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real estate auciton

Patterson – +/-316.25 Acres of Orland & Herman Twp., Lake Co., SD Land

LAND AUCTION

+/-316.25 Acres of Orland & Herman Township Lake County, SD Land

On behalf of the Heirs of Wayne Patterson, we will offer the following real property at auction at the land  located – from Madison, SD Jct. of Hwy’s #81 & #34 (Pizza Ranch Corner) – 3 miles west on Hwy. #34 to the NW Corner of the Madison Golf Course, then 5 ½ miles south on 451st Ave. (Co. Hwy. #41) to the Jct. of 451st Ave. & 238th St. (the Intersection between FARM #1 & #2); from Orland, SD – 3 miles north on 451st Ave.; from Franklin, SD – 6 miles west on 241st St. to Orland, SD, then 3 miles north on 451st Ave.; or from the Jct. of US Hwy. #81 & 241st St. – 10 miles east on 241st St. to Orland, SD, then 3 miles north on 451st Ave.

THURSDAY MARCH 28, 2019                   Sale Time: 10:00 AM

Auctioneer’s Note: This auction presents an excellent opportunity to purchase some productive and very well located Lake County, SD Land, as both farms are bordered on the West by Co. Hwy. #41 (451st Ave.).  Each of these farms have desirable attributes, as FARM #1 has an existing metal machine shed/storage bldg. with potential for re-establishment of a rural housing site, while both farms have a relatively high percentage of productive cropland.  If you are in the market for a parcel(s) of productive Lake Co., SD farmland to add to a row crop farming operation or as an investment, then make plans to inspect this property and be in attendance at this auction.

FARM #1:  +/-156.25 Acres – Legal Desc.: The NW ¼ of Sec. 3, T. 105N., R. 53W., (Orland Twp.), Lake County, SD

This is parcel of land which has a variety of excellent amenities.  The improvements on this property include Lester’s pole bldg. with a red & white metal exterior (approx 36’x60’) and some existing trees that encompasses an area comprised of +/-2.16 acres, excluded from this property is the East River Power Substation located in the NW corner of the farm.   This farm is inclusive of some productive cropland with some quality soils. This farm has a relatively high percentage of tillable acres as according to FSA information this +/-156.25 acre parcel of land has approx. 145.21 acres of cropland with a 64.11 acre corn base with a 136 bu. PLC yield and a 64.11 acre soybean base with a 34 bu. PLC yield and under the previous USDA farm program was enrolled in the County ARC election.  The cropland on this farm has some eye appeal with some productive soils, with the non-tillable acres comprised of the bldg. site, some lowland acres, waterway and roads.  The general topography of this land is gently rolling to rolling.  According to Lake Co. Assessor this farm has a soil rating of .711, comparatively information obtained from Surety Agri-Data, Inc. indicates this land has a Productivity Index of a 72.1. The RE taxes payable 2019 on this property are $3,229.36. This is a parcel of land that would make a very nice addition to an area row crop farming operation and/or an investment property.

FARM #2:  +/-160 Acres – Legal Desc.: The SW ¼ of Sec. 34, T. 106N., R. 53W., (Herman Twp.), Lake County, SD

This farm is inclusive of some productive cropland with some quality soils. This farm has a relatively high percentage of tillable acres as according to FSA information this +/-156.25 acre parcel of land has approximately 148.19 acres of cropland with a 65.44 acre corn base with a 136 bu. PLC yield and a 65.44 acre soybean base with a 34 bu. PLC yield and under the previous USDA farm program was enrolled in the County ARC election.  The cropland on this farm has some eye appeal with some productive soils, with non-tillable acres are comprised of a small area with trees, waterway and roads.  The general topography of this land is gently rolling to rolling.  According to Lake Co. Assessor this farm has a soil rating of .744, comparatively information obtained from Surety Agri-Data, Inc. indicates this land has a Productivity Index of a 74.2. The RE taxes payable 2019 on this property are $3,615.82. This is a parcel of land that would make a very nice addition to an area row crop farming operation and/or an investment property.

TERMS:  Cash – A 10% non-refundable earnest money deposit on each farm on the day of the sale and the balance at closing on or before May 15, 2019 with possession.  Full possession for the 2019 crop year with Spring tillage and planting privileges.  Marketable Title will be conveyed and owner’s title insurance will be provided with the cost of the owner’s policy divided 50-50 between the buyer & seller.  All of the 2018 RE taxes payable in 2019 will be paid by the owners.   The acres in this property are based on the acres as stated on the county tax records and are understood to be “more or less”.  The sellers do not guarantee that existing fences lie on the true and correct boundaries and any new fencing, if any, will be the responsibility of the buyer pursuant to SD Law.  FSA yields, bases, payments & other information is estimated and not guaranteed and is subject to County committee approval. Information contained herein is deemed to be correct but is not guaranteed.  The seller(s) may desire to utilize this property in connection with a 1031 tax free exchange, and if so, the buyer will agree to cooperate in the facilitation of said exchange. The RE licensees in this transaction are acting as agents for the seller.  This property is sold in “AS IS” condition & subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all Lake County zoning ordinances.  Sold subject to confirmation of the Owners.

HEIRS OF WAYNE B. PATTERSON, Owners

Richard L. Ericsson – Attorney & Closing Agent for the Heirs – Madison, SD – ph. 605-256-4597

 CHUCK SUTTON – Auctioneer & Land Broker- Sioux Falls, SD – ph. 605-336-6315 & Flandreau, SD – ph. 605-997-3777

WAYNE BESSMAN – RE & Personal Property Auctioneer – Madison, SD – ph. 605-270-4980

JARED SUTTON – RE Auctioneer & Broker Associate – Flandreau, SD – ph. 605-864-8527

 

Date

March 28

Time

10:00 am

PDF

View Auction Brochure

Location

Patterson
451st Ave.
Orland, SD 57042 United States

Auctioneers

Chuck Sutton
Wayne Bessman
Jared Sutton

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