March 27, 2019 @ 10:30 A.M.—Live Acreage & 160+/- Acres Of Farmland Auction in Lincoln TWP, Lincoln County,SD—-Farmland Sold for $6000.00 Per Acre and the Abandoned Acreage Site Sold For $101,000.00—Thanks to all who attended!!!
LINCOLN COUNTY, SD LAND AUCTION
160 +/- Acres, Lincoln Township
2 Tracts: Cropland & Acreage Site
Wednesday, March 27, 2019 10:30 AM
We will sell the following real estate at public auction at the land site located from I-29 Fairview Exit #56, 3 miles east on County #140 (288th St) or from Canton, SD, 6 miles south on SD Hwy 11 and 5 miles west on County #140 (288th St).
Auctioneer’s Note: This is prime farm ground in one of the top agricultural areas in South Dakota and has been in their family since 1942 so this is truly a rare opportunity! It is conveniently located near ethanol plants and grain elevators and it is available to farm in the 2019 crop year. According to the FSA there are 138.4 acres of cropland with a 68.8 acre corn base/112 bushel PLC yield, 68.2 soybean base/30 bushel PLC yield. The land has a county soil rating of .829 and according to Agridata/Surety a productivity rating of 83.2. Predominate soils include: Wentworth-Chancellor silty clay loams, 0-2 percent slopes and Chancellor-Tetonka complex, 0-2 percent slopes. Taxes: $3,802.02. In case of inclement weather go to our website or listen to WNAX.
Legal Description: SE ¼, 15-97-50, Lincoln County, SD
Real estate will be offered as follows:
Tract 1: 153.50 +/- acres of cropland, pasture, roads and 3 housing eligibilities.
TERMS: 15% nonrefundable down payment the day of the auction with balance due at closing on or before May 3, 2019. Possession at closing, however upon making the nonrefundable down payment, the buyer may begin field work for the 2019 crop year. Failure to close, as per terms of the purchase agreement, shall result in forfeiture of the down payment and work performed. Title insurance and closing costs split 50/50 between buyer and seller. 2018 taxes due in 2019 to be paid by the seller. 2019 taxes due in 2020 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. Any lines on maps are for informational purposes only and are not guaranteed to be actual boundary lines of the property. 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 owners.
Tuttle Land Trust, Owner
David Herbert, Trustee
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
Phil Eggers, Broker Associate, Renner, SD 605-351-5438
Mark Zomer, Vande Vegte Zomer Auctions, Rock Valley, IA 712-470-2526
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Mark is a licensed Real Estate Broker and Auctioneer in Iowa and South Dakota. He is also co-owner of Vande Vegte & Zomer Realty & Auction Inc. and founder of Zomer Auctioneering and Associates. Mark enjoys working one-on-one with our customers and specializes in all kinds of Residential, Acreage, Estate, and Commercial Auctions with an emphasis on Farmland. He is always up to date on the cutting edge of technology with live and online auctions. Mark has had his real estate license for over 20 years.