Friday, Nov 6, 2020 10:30 AM --Lincoln County, SD, Land Auction, 131.45 +/- Acres, Perry Township-- Thanks To all who attended!!! Farm sold for $7,100.00 Per Acre!!

LINCOLN COUNTY, SD LAND AUCTION 131.45 +/- Acres, Perry Township Friday, Nov 6, 2020 10:30 AM

We will sell the following real estate at public auction at the land site located from Lennox, SD, 4 ½ miles north on Hwy 17 (466th Ave) or from Tea, SD, 2 miles west on 272nd St and 1 mile south on Hwy 17.

Please go to zomerbid.com to bid online or click on the blinking button below!

Bidders may bid either online on this auction or on site at the farmland.

CLICK HERE TO GO DIRECTLY TO THE ONLINE CATALOG FOR THIS AUCTION

Auctioneer’s Note: This productive southeast South Dakota land has been in the Schoffelman family name since 1923. This once in a lifetime opportunity is available to the new owner to farm for the 2021 crop year. The land is located north of Lennox, SD and southwest of Tea, SD, near ethanol plants, grain elevators and a hard surface road borders the west boundary line. The farm has a soil rating of .789 and according to Surety/AgriData a productivity rating of 80.5. Predominate soils include: Egan-Shindler complex, 2-6 percent slopes and Wentworth-Chancellor silty clay loams, 0-2 percent slopes. The FSA estimates there are 123.60 acres of cropland, a 121.90 acre corn base/131 bushel PLC yield. Taxes: $TBD. A certified wetland determination has been completed and some tile is located on the land. Crop history is available. In case of inclement weather please check our website or listen to WNAX radio.
Auction will be held at the landsite with live bidding; phone bidding and online bidding available for anyone who cannot attend.

Legal Description: Government Lots 1 & 2, NW ¼ except 1.02 acres road & except Tracts 1 & 2 Schoffelman’s Addition, 4-99-51, Lincoln County, SD

CLICK HERE FOR ENTIRE SALE BOOKLET WITH FSA MAPS

Terms: 15% nonrefundable down payment day of sale with the balance due at closing on or before Dec 18, 2020. Possession of the land will be Jan 1, 2021 or when harvest is completed. Title insurance and closing costs split 50/50 between buyer and seller. 2020 taxes due in 2021 to be paid by the seller. 2021 taxes due in 2022 to be paid by the buyer. The acres in this property is based on acres stated in the county tax records with acres to be understood to be “more or less”. The seller does 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. Any lines on maps are for informational purposes only and are not guaranteed to be actual boundary lines of the property. The property does not include any rural housing eligibilities. 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 owner.

Heirs of John and Leona Schoffelman – Owners

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
Craig Atkins, Broker Associate, Tea, SD 605-351-9850
Phil Eggers, Broker Associate, Renner, SD 605-351-5438
Mark Zomer, Vande Vegte Zomer Auctions, Rock Valley, IA 712-470-2526