March 14, 2013 - 80 Acres of Lincoln County, SD Farmland - Sold for $11,500.00

LINCOLN COUNTY, SD LAND AUCTION

80 Acres +/- Lynn Township

THURSDAY, March 14, 2013 11:00 AM

We will sell at public auction at the land site located from Canton, SD: 4 miles west on SD Hwy 18, 3 miles south on Co. Hwy 125 (476^th Ave) and ¼ mile west on 285^th St, or from I-29 Davis Exit #59: 5 miles east on 285^th St.

Auctioneers note:  Rarely does an opportunity come along to purchase land of this quality!  This land has been in their family for over 85 years.  Here is one of the prime pieces of Lincoln County farmland to be offered at auction in some time and it is available to the new owner to farm in 2013.  The land is in a corn-soybean rotation and has been fall tilled at no cost to the buyer.  The predominate soil is Wentworth silty clay loam.  The land has an outstanding soil rating of .922 and according to Surety/AgriData, the overall productivity index is 92.4.  According to the FSA there are 79.0 acres of cropland with a 52.8 acre corn base/ 86 bushel yield/ 86 CC yield and a 26.2 acre soybean base / 34 bushel yield/ 34 bushel CC yield. Taxes: $1,622.58. If you are looking to expand your current operation or considering land as an investment, don’t miss this auction!

Legal Description: W ½ SE ¼ 36-98-50 Lincoln County, SD

TERMS:  10% nonrefundable down payment day of sale with the balance due at closing on or before April 26, 2013.  Title insurance and closing costs split 50/50 between buyer and seller.  2012 taxes due in 2013 paid by the seller. 2013 taxes due in 2014 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.

For additional information, maps and pictures visit:  www.westraatkins.com

LaDonna Olson Estate, Owner

Craig Olson and Linda Kudrna Personal Representatives

Mark Zomer, Vande Vegte Zomer Auctions, Rock Valley, IA 712-470-2526

Pete Atkins, Broker Associate, Tea, SD 605-351-9847

Joel R Westra, Broker, Beresford, SD 605-310-6941

Joel A Westra, Broker Associate, Chancellor, SD 605-957-5222

Phil Eggers, Broker Associate, Renner, SD 605-351-5438