October 19, 2010 - 160 Acres of Union County, SD Farmland -

160 ACRES OF UNION COUNTY LAND AUCTION

TUESDAY OCTOBER 19, 2010

SALE TIME: 10:30 A.M.

LOCATION: 4 MILES EAST OF ELK POINT ON 325^TH ST. OR 5 MILES NW OF JEFFERSON AT THE INTERSECTION OF 325^TH ST. AND 481^ST AVE.

Legal Description: NE ¼ 26-91N-49W, Union County, South Dakota

Whether you’re looking for a good investment property, a place to build a new home or want to add on to your current farming operation, you won’t want to miss this auction. It provides the perfect mix of excellent farmland and recreational property.   Located only 15 minutes from Sioux City, Iowa; 4 miles east of Elk Point; or 5miles NW of Jefferson;  it is conveniently located with a hard surfaced road on two sides of the property.

According to the Union County Assessors office there is a total of 160 acres with 138.7 tillable acres and 16.8 acre oxbow lake.  The cropland has a soil index of 78 and has a well and pipe for flood irrigating the farm.  The oxbow is lined with trees and has water all year so it provides the perfect habitat for wildlife and the outdoor enthusiast. 

We are going to offer the farm in 3 tracts:

Tract 1:  Approximately 102 acres on the west side of the oxbow/lake.  This tract contains all highly productive farmland of which 101.5 is tillable land.  The well for the flood irrigation system is located on tract 2.  Containing almost all tillable land, this tract would offer a great investment opportunity or addition to your farming operation.

Tract 2: Approximately 58 acres that includes the oxbow/lake and the land on the east side of it.  It would have 36.6 acres of tillable land with the balance of the land consisting of the lake, trees and road right-of-way.  It would provide a wonderful place to build your new home with your own pond, a view of the Sioux River Valley, hard surfaced road and enough room to have your own hobby farm or sportsman’s retreat.

Tract 3:  A combination of Tracts 1 and 2 or the entire parcel being offered for sale.  The farm will be sold in a way that generates the highest sale price for the seller. 

Real Estate Taxes:  $3,412.28

Terms: Cash. 10% non-refundable down payment on day of sale with the balance to be paid in cash at closing on or before November 30, 2010. Title insurance & closing service fee split 50/50 between buyer & seller. Seller to pay all 2010 real estate taxes due and payable in 2011, buyer to pay all taxes thereafter.   Sold subject to existing easements, restrictions, reservations or highway of record, if any. Real estate licensees are agents for the seller. Sellers to pay for survey if sold in individual tracts.

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www.farmandhomerealestate.com

www.vanzomrealtyauction.com

HOWARD AND JOHN HASWELL—OWNERS

Auctioneers and Re Brokers

John Schutte, Real Estate Broker and Auctioneer-605-366-7028

Mark Zomer, Real Estate Broker and Auctioneer-712-470-2526

Woody Houser, Real Estate Broker Associate-605-231-1867