{"id":43042,"date":"2018-03-02T00:00:00","date_gmt":"2018-03-02T06:00:00","guid":{"rendered":"https:\/\/zomercompany.com\/site\/properties\/day-two-march-23-2018-1030-a-m-live-farmland-auction-of-598-65-acres-of-prime-lincoln-county-sd-farmland-to-be-sold-in-five-tracts-george-s-gimbel-estate-owners-tract-6-sold-for-8375-0\/"},"modified":"2021-10-25T17:51:42","modified_gmt":"2021-10-25T22:51:42","slug":"day-two-march-23-2018-1030-m-live-farmland-auction-598-65-acres-prime-lincoln-county-sd-farmland-sold-five-tracts-george-s-gimbel-estate-owners","status":"publish","type":"wealty_realty","link":"https:\/\/zomercompany.com\/site\/day-two-march-23-2018-1030-m-live-farmland-auction-598-65-acres-prime-lincoln-county-sd-farmland-sold-five-tracts-george-s-gimbel-estate-owners","title":{"rendered":"Day Two March 23, 2018 @ 10:30 A.M.---Live Farmland Auction Of 598.65+\/- Acres of Prime Lincoln County, SD Farmland To Be Sold In Five Tracts--George S. Gimbel Estate-Owners--Tract #6 Sold for $8375.00 Per Acre-- Tract# 7 Sold for 8225.00 Per Acre-- Tract # 8 Sold for $6800.00 Per Acre-- Tract # 9 5650.00 Per Acre-- Tract # 10 sold for $5900.00 Per acre!!! Thanks to all the bidders!!!!!"},"content":{"rendered":"

George S. Gimbel Estate Land Auction<\/h1>\n

Over 1200 acres of Prime Lincoln County SD Farmland<\/h1>\n

2 Day Auction – March 22nd and 23rd<\/h1>\n

– All Land Available to Farm in 2018 –<\/h1>\n

Day Two March 23, 2018<\/span><\/strong><\/p>\n

Sale Time: 10:30 A.M.<\/span><\/strong><\/p>\n

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We will sell the following real estate at public auction. The auction of all tracts<\/span><\/strong> will be conducted at 47468 280th St., Worthing, SD 57077, (the old LifeLight Festival location), or located from the East edge of Worthing, 2 miles East on County #124 (280th<\/sup> street). In case of inclement weather please check our website or listen to WNAX radio.<\/p>\n

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Auctioneer\u2019s Note:<\/strong> We are honored to sell the George S. Gimbel Estate.<\/span> George loved attending land auctions and acquired exceptional farm land over the years. Here is your opportunity to own this land! These tracts are located in southeastern South Dakota\u2019s prime agricultural region.\u00a0 A number of the parcels possess great potential for future development and housing opportunities. Land buyers, if you are looking to expand your current farming operation or purchase land as an investment, be sure to attend this auction, this is a once in a lifetime opportunity!\u00a0 All tracts are available to the new owner for the 2018 crop year.\u00a0 Fall tillage has been completed on many of the tracts and the buyers will compensate the former tenants at closing for the tillage as described below.\u00a0<\/span><\/p>\n

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CLICK HERE FOR A MAP SHOWING THE LOCATION OF ALL OF THE LAND<\/strong><\/em><\/span><\/a><\/p>\n

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Day 2<\/strong><\/span><\/h3>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

598.65 +\/- Acres, Tracts 6 – 10<\/strong><\/span><\/p>\n

Friday March 23rd, 2018 at 10:30 AM<\/strong><\/span><\/h3>\n

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Tract 6 – 160 +\/- acres:<\/strong>\u00a0 Legal Description: NW \u00bc, 32-98-49, Canton Township, Lincoln County, SD. Tract 6 is located at the intersection of 284th<\/sup> street and 477th<\/sup> avenue, or from Canton, 2 miles South on SD Hwy #11 and 1 \u00bd west in 284th<\/sup> street. This tract includes 4 housing eligibilities. \u00a0The FSA estimates there is 154.5 acres of cropland with a 77.23 acre corn base with a PLC yield of 133 bu. and 77.01 acre soybean base with a PLC yield of 33 bu.\u00a0 Soil rating: 0.869. According to Surety\/Agridata the land has a productivity rating of 86.9 and predominate soil includes: Wentworth-Chancellor silty clay loams,\u00a00\u00a0to\u00a02\u00a0percent\u00a0slopes. At closing buyer will pay former tenant $1,183.50 for fall tillage performed.\u00a0 Property taxes: $4,180.24.<\/p>\n

CLICK HERE FOR FSA MAP<\/a><\/p>\n

CLICK HERE FOR SOIL MAP<\/a><\/p>\n

CLICK HERE FOR WETLANDS INFORMATION<\/a><\/p>\n

CLICK HERE FOR AERIAL VIDEO<\/a><\/p>\n

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Tract 7 – 198.8 +\/- acres:<\/strong>\u00a0 Legal Description: SE \u00bc Except S 766′ E 502′ & Except Tract 1 Pederson\u2019s Addition & EX LOT H-1, 3-98-50; & Wolski\u2019s Addition Tract 1, NE \u00bc, 3-98-50, Lynn Township, Lincoln County, SD. Tract 7 is located at the intersection of 280th<\/sup> street and 474th<\/sup> avenue, or from the East edge of Worthing, 1 mile East on County #124 (280th <\/sup>street). \u00a0This tract has hard surface roads on two sides and the South 141.76 acres includes 3 housing eligibilities and the North 51.04 acres includes one housing eligibility and includes some tile. The FSA estimates there is 191.6 acres of cropland with a 95.62 acre corn base with a PLC yield of 130 bu. and 95.42 acre soybean base with a PLC yield of 33 bu. Soil rating: 0.856. According to Surety\/Agridata the land has a productivity rating of 85.6 and predominate soils include: Wentworth\u00adChancellor silty clay loams, 0 to 2 percent slopes & Wentworth silty clay loam, 0 to 2 percent slopes. At closing buyer will pay former tenant $2,979.60 for fall tillage performed.\u00a0 Property taxes on the south 147.76 acres: $3,751.84.\u00a0 Property taxes on the North 51.04 acres: TBD.<\/p>\n

CLICK HERE FOR FSA MAP<\/a><\/p>\n

CLICK HERE FOR SOIL MAP<\/a><\/p>\n

CLICK HERE FOR WETLANDS MAP OF SOUTHERN PORTION OF LAND<\/a><\/p>\n

CLICK HERE FOR WETLANDS MAP OF NORTHERN PORTION OF LAND<\/a><\/p>\n

CLICK HERE FOR AERIAL VIDEO<\/a><\/p>\n

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Tract 8 – 80 +\/- acres:<\/strong>\u00a0 Legal Description: N \u00bd SW \u00bc, 4-97-50, Lincoln Township, Lincoln County, SD. Tract 8 is located \u00bd\u00a0 mile South of the intersection of 285th<\/sup> street and 472nd<\/sup> avenue, or from the I-29 Davis-Hurley Exit 59, 1 \u00bd east on 285th<\/sup> street and \u00bd mile south on 472nd<\/sup>. This tract has a hard surface road on the west side and includes 2 housing eligibilities. The FSA estimates there is 79.4 acres of cropland with a 44.32 acre corn base with a PLC yield 91 bu., 15.68 acre soybean base with a PLC yield of 33 and 2.16 acre oats base with a PLC yield of 56 bu. Soil rating: 0.846. \u00a0\u00a0According to Surety\/Agridata the land has a productivity rating of 85.1 and the predominate soil is Wentworth-Chancellor silty clay loams, 0\u00a0to\u00a02 percent slope. No fall tillage completed.\u00a0 Property taxes:\u00a0 $1,862.54.<\/p>\n

CLICK HERE FOR FSA MAP<\/a><\/p>\n

CLICK HERE FOR SOIL MAP<\/a><\/p>\n

CLICK HERE FOR WETLANDS MAP<\/a><\/p>\n

CLICK HERE FOR AERIAL VIDEO<\/a><\/p>\n

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Tract 9 – 79.85 +\/- acres:<\/strong>\u00a0 Legal Description: W \u00bd NW \u00bc, 4-97-50, Lincoln Township, Lincoln County, SD. Tract 9 is located at the intersection of 285th<\/sup> street and 472th<\/sup> avenue, or from the I-29 Davis-Hurley Exit 59, 1 \u00bd east on 285th<\/sup> street. This tract has hard surface roads on two sides and includes 2 housing eligibilities. The FSA estimates there is 76.3 acres of cropland with a 42.6 acre corn base with a PLC yield 91 bu., 15.07 acre soybean base with a PLC yield of 33 and 2.08 acre oats base with a PLC yield of 56 bu. Soil rating: 0.727.\u00a0 According to Surety\/Agridata the land has a productivity rating of 78.7 and predominate soil is Chancellor-Wakonda-Tetonka complex. At closing buyer will pay former tenant $375.00 for fall tillage performed.\u00a0 Property taxes: $1,598.34.<\/p>\n

CLICK HERE FOR FSA MAP<\/a><\/p>\n

CLICK HERE FOR SOIL MAP<\/a><\/p>\n

CLICK HERE FOR WETLANDS MAP<\/a><\/p>\n

CLICK HERE FOR AERIAL VIDEO<\/a><\/p>\n

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Tract 10 – 80 +\/- acres:<\/strong>\u00a0 Legal Description: E \u00bd SE \u00bc, 4-97-50, Lincoln Township, Lincoln County, SD. Tract 10 is located \u00bd South of the intersection of 286th<\/sup> street and 473rd<\/sup> avenue, or from the I-29 Davis-Hurley Exit 59, 2 \u00bd east on 285th<\/sup> street and \u00bd mile south on 473rd<\/sup>. This tract includes 2 housing eligibilities. The FSA estimates there is 77.0 acres of cropland with a 42.99 acre corn base with a PLC yield 91 bu., 15.2 acre soybean base with a PLC yield of 33 and 2.1 acre oats base with a PLC yield of 56 bu. Soil rating: 0.734. \u00a0\u00a0At closing buyer will pay former tenant $1,125.00 for fall tillage performed.\u00a0 According to Surety\/Agridata the land has a productivity rating of 79.3 and predominate soil is Chancellor-Wakonda-Tetonka complex. Property taxes:\u00a0 $1,616.88.<\/p>\n

CLICK HERE FOR FSA MAP<\/a><\/p>\n

CLICK HERE FOR SOIL MAP<\/a><\/p>\n

CLICK HERE FOR WETLANDS INFORMATION<\/a><\/p>\n

CLICK HERE FOR AERIAL VIDE<\/a>O<\/p>\n

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TERMS:<\/strong>\u00a0 15% nonrefundable down payment the day of the auction with balance due at closing on or before May 3rd<\/sup>, 2018. Possession to be given at closing, however upon making the nonrefundable down payment, the buyer may begin field work for the 2018 crop year. \u00a0Failure to close, as per the terms of the purchase agreement, shall result in forfeiture of the down payment and work performed. At closing, the buyer of each tract shall also pay for fall tillage that was completed on each tract purchased.\u00a0 That amount is listed in the description of each tract.\u00a0 Title insurance and closing costs split 50\/50 between buyer and seller. 2017 taxes due in 2018 to be paid by the seller.\u00a0 2018 taxes due in 2019 to be paid by the buyer. \u00a0The acres in these tracts are based on acres stated in the county tax records with acres to be understood to be \u201cmore or less\u201d. 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. Information on housing eligibilities obtained from Lincoln County Planning & Zoning.\u00a0 The property is sold in as is condition and as a cash sale with no financing contingency.\u00a0 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.\u00a0 Statements made the day of sale take precedence over all written advertising.\u00a0 Real Estate licensees are agents for the seller. Sold subject to confirmation of owners.<\/p>\n

LUNCH WILL BE PROVIDED EACH DAY COURTESY OF FARM CREDIT SERVICES OF AMERICA<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

George S. Gimbel, Estate Owner<\/strong><\/span><\/h2>\n

\n

\n

Eileen Reynolds, Personal Representative<\/strong><\/span><\/p>\n

\u00a0<\/strong><\/p>\n

Frieberg, Nelson & Ask, LLP<\/strong><\/span><\/h3>\n

Thomas Frieberg, Closing Attorney <\/strong><\/span><\/h3>\n

\u00a0<\/strong><\/p>\n

\n

\n","protected":false},"excerpt":{"rendered":"

George S. Gimbel Estate Land Auction Over 1200 acres of Prime Lincoln County SD Farmland 2 Day Auction – March 22nd and 23rd – All Land Available to Farm in 2018 – Day Two March 23, 2018 Sale Time: 10:30 A.M. We will sell the following real estate at public auction. 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Gimbel Estate-Owners-Tract #6 Sold for $8375.00 Per Acre- Tract# 7 Sold for 8225.00 Per Acre- Tract # 8 Sold for $6800.00 Per Acre- Tract # 9 5650.00 Per Acre- Tract # 10 sold for $5900.00 Per acre!!! Thanks to all the bidders!!!!! - Zomer Company<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/zomercompany.com\/site\/day-two-march-23-2018-1030-m-live-farmland-auction-598-65-acres-prime-lincoln-county-sd-farmland-sold-five-tracts-george-s-gimbel-estate-owners\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Day Two March 23, 2018 @ 10:30 A.M.-Live Farmland Auction Of 598.65+\/- Acres of Prime Lincoln County, SD Farmland To Be Sold In Five Tracts-George S. Gimbel Estate-Owners-Tract #6 Sold for $8375.00 Per Acre- Tract# 7 Sold for 8225.00 Per Acre- Tract # 8 Sold for $6800.00 Per Acre- Tract # 9 5650.00 Per Acre- Tract # 10 sold for $5900.00 Per acre!!! Thanks to all the bidders!!!!! - Zomer Company\" \/>\n<meta property=\"og:description\" content=\"George S. Gimbel Estate Land Auction Over 1200 acres of Prime Lincoln County SD Farmland 2 Day Auction – March 22nd and 23rd – All Land Available to Farm in 2018 – Day Two March 23, 2018 Sale Time: 10:30 A.M. We will sell the following real estate at public auction. 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