LINCOLN COUNTY, SD LAND AUCTION
80 +/- Acres, Highland Township
Thursday Feb 22, 2018 10:30 AM
SOLD FOR $8,600 PER ACRE
We will sell the following real estate at public auction at the land site which is located from Canton SD, 6 miles south on SD Hwy 11 and ¾ miles east on County Rd 140 (288th St).
Auctioneer’s Note: This highly productive tract of land is located in the gently rolling hills south of Canton, SD and approximately 7 miles from the Iowa border. Tile is located on this property. The land is in a corn/soybean rotation and is available to the new owner for the 2018 crop year. The land is in the ARC-CO farm program. The FSA estimates there is approximately 75.9 acres of cropland with a 52.5 acre corn base with a 147 bushel PLC yield and a 20.5 acre soybean base with a 48 bushel PLC yield. County soil rating of .854. According to Surety/AgriData the land has a productivity rating of 85.8. Predominate soils include: Wentworth-Chancellor silty clay loams, 0-2 percent slopes and Egan silty clay loams, 3-6 percent slopes. Taxes: $1930.26. The buyer will be required to reimburse the 2017 tenant $9840.23 for fall field work ($825), yield point soil sampling ($821.62) and fall fertilizer ($8193.61) be paid at closing. The land is located near ethanol plants and grain elevators.
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Legal Description: E ½ SE ¼, 15-97-49, Lincoln County SD.
TERMS: 15% nonrefundable down payment the day of the auction with balance due at closing on or before March 30, 2018. Title insurance and closing costs split 50/50 between buyer and seller. 2017 taxes due in 2018 to be paid by the seller. 2018 taxes due in 2019 paid by the buyer. The buyer will be required to reimburse the 2017 tenant $9840.23 for fall field work ($825), yield point soil sampling ($821.62) and fall fertilizer ($8193.61) to be paid at closing. The acres in this property are based on acres stated in the county tax records with acres to be understood to be “more or less”. The sellers do not warranty or guarantee that the existing fences lie on the true and correct boundary and new fencing, if any, will be the responsibility of the purchaser pursuant to SD statutes. The property is sold in as is condition and as a cash sale with no financing contingency. Sold subject to existing easements, restrictions, reservations, or highway of record, if any. Information is deemed to be correct but it is not guaranteed. All prospective buyers are encouraged to inspect the property and verify all data provided. Statements made the day of sale take precedence over all written advertising. Real Estate licensees are agents for the seller. Sold subject to confirmation of owners.
Vera H. Gilbertson Estate, Owner
Gregg Ulrickson, Personal Representative
Phil Peterson, Closing Attorney
Joel R Westra, Broker, Beresford, SD 605-310-6941
Pete Atkins, Broker Associate, Tea, SD 605-351-9847
Joel A Westra, Broker Associate, Chancellor, SD 605-957-5222
Phil Eggers, Broker Associate, Renner, SD 605-351-5438
Craig Atkins, Broker Associate, Tea, SD 605-351-9850
Mark Zomer, Vande Vegte Zomer Auctions, Rock Valley, IA 712-470-2526