Sold

Nov 17, 2016 10:30 AM--LINCOLN COUNTY, SD LAND AUCTION 77.72 +/- Acres, Delaware Township Thursday, --Revocable Living Trust of Theresa Collins, Owners--Land Sold for $7,200.00 per acre!!!! Thanks to the active bidders!!!

Live Auction

Auction Date: November 17, 2016 - 10:00 am

Lincoln County

LINCOLN COUNTY, SD LAND AUCTION

77.72 +/- Acres, Delaware Township

Thursday, Nov 17, 2016 10:30 AM

We will sell the following at public auction at the farm located from the I-29 Davis- Hurley Exit # 59, 2 ½ miles west on SD Hwy 18 (285^th St) or from Lennox, SD, 6 miles south on County Rd #105 (466^th Ave) and 1 ½ miles east on SD Hwy 18 (285^th St)

This land offers an opportunity to purchase productive southeast South Dakota land that has been in the Collins/Gedstad family since 1892. The land is in a corn/soybean rotation and is available to the new owner for the 2017 crop year. The property includes two building eligibilities and is located less than 20 miles southwest of Sioux Falls and 8 miles southeast of Lennox. South Dakota Hwy 18 borders the north boundary of the property and ethanol plants and grain elevators are located nearby. According to the FSA there are 75.2 acres of cropland with a 56.3 corn base with a 122 bushel PLC yield and an 18.7 soybean base with a 32 bushel yield. County soil rating of .767. According to Surety/AgriData the land has a productivity rating of 79.5 and predominate soils include: Chancellor-Tetonka silty clay loams; Chancellor-Wakonda-Tetonka complex; Wentworth-Chancellor silty clay loams, 0-2 percent slopes. Taxes: $1,759.04.. If you are looking to expand your current farming operation or purchase land as an investment, be sure to attend this auction!

Legal Description: E ½ Lots 1 and 2 NE ¼ except Lot H-1, 3-97-51, Lincoln County, SD

TERMS: 15% nonrefundable down payment day of sale with the balance due at closing on or before Dec 21, 2016. Title insurance and closing costs split 50/50 between buyer and seller. 2016 taxes due in 2017 to be paid by the seller. 2017 taxes due in 2018 to be paid by the buyer. 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 owner.