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!!!!!

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. The auction of all tracts 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 street). In case of inclement weather please check our website or listen to WNAX radio.

 

Auctioneer’s Note: We are honored to sell the George S. Gimbel Estate. 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’s prime agricultural region.  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!  All tracts are available to the new owner for the 2018 crop year.  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. 

 

CLICK HERE FOR A MAP SHOWING THE LOCATION OF ALL OF THE LAND

 

 

Day 2

 

 

 

598.65 +/- Acres, Tracts 6 – 10

Friday March 23rd, 2018 at 10:30 AM

 

Tract 6 – 160 +/- acres:  Legal Description: NW ¼, 32-98-49, Canton Township, Lincoln County, SD. Tract 6 is located at the intersection of 284th street and 477th avenue, or from Canton, 2 miles South on SD Hwy #11 and 1 ½ west in 284th street. This tract includes 4 housing eligibilities.  The 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.  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, 0 to 2 percent slopes. At closing buyer will pay former tenant $1,183.50 for fall tillage performed.  Property taxes: $4,180.24.

CLICK HERE FOR FSA MAP

CLICK HERE FOR SOIL MAP

CLICK HERE FOR WETLANDS INFORMATION

CLICK HERE FOR AERIAL VIDEO

 

 

 

Tract 7 – 198.8 +/- acres:  Legal Description: SE ¼ Except S 766' E 502' & Except Tract 1 Pederson’s Addition & EX LOT H-1, 3-98-50; & Wolski’s Addition Tract 1, NE ¼, 3-98-50, Lynn Township, Lincoln County, SD. Tract 7 is located at the intersection of 280th street and 474th avenue, or from the East edge of Worthing, 1 mile East on County #124 (280th street).  This 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: Wentworth­Chancellor 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.  Property taxes on the south 147.76 acres: $3,751.84.  Property taxes on the North 51.04 acres: TBD.

CLICK HERE FOR FSA MAP

CLICK HERE FOR SOIL MAP

CLICK HERE FOR WETLANDS MAP OF SOUTHERN PORTION OF LAND

CLICK HERE FOR WETLANDS MAP OF NORTHERN PORTION OF LAND

CLICK HERE FOR AERIAL VIDEO

 

Tract 8 – 80 +/- acres:  Legal Description: N ½ SW ¼, 4-97-50, Lincoln Township, Lincoln County, SD. Tract 8 is located ½  mile South of the intersection of 285th street and 472nd avenue, or from the I-29 Davis-Hurley Exit 59, 1 ½ east on 285th street and ½ mile south on 472nd. 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.   According to Surety/Agridata the land has a productivity rating of 85.1 and the predominate soil is Wentworth-Chancellor silty clay loams, 0 to 2 percent slope. No fall tillage completed.  Property taxes:  $1,862.54.

CLICK HERE FOR FSA MAP

CLICK HERE FOR SOIL MAP

CLICK HERE FOR WETLANDS MAP

CLICK HERE FOR AERIAL VIDEO

 

 

 

Tract 9 – 79.85 +/- acres:  Legal Description: W ½ NW ¼, 4-97-50, Lincoln Township, Lincoln County, SD. Tract 9 is located at the intersection of 285th street and 472th avenue, or from the I-29 Davis-Hurley Exit 59, 1 ½ east on 285th 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.  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.  Property taxes: $1,598.34.

CLICK HERE FOR FSA MAP

CLICK HERE FOR SOIL MAP

CLICK HERE FOR WETLANDS MAP

CLICK HERE FOR AERIAL VIDEO

 

Tract 10 – 80 +/- acres:  Legal Description: E ½ SE ¼, 4-97-50, Lincoln Township, Lincoln County, SD. Tract 10 is located ½ South of the intersection of 286th street and 473rd avenue, or from the I-29 Davis-Hurley Exit 59, 2 ½ east on 285th street and ½ mile south on 473rd. 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.   At closing buyer will pay former tenant $1,125.00 for fall tillage performed.  According to Surety/Agridata the land has a productivity rating of 79.3 and predominate soil is Chancellor-Wakonda-Tetonka complex. Property taxes:  $1,616.88.

CLICK HERE FOR FSA MAP

CLICK HERE FOR SOIL MAP

CLICK HERE FOR WETLANDS INFORMATION

CLICK HERE FOR AERIAL VIDEO

 

TERMS:  15% nonrefundable down payment the day of the auction with balance due at closing on or before May 3rd, 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.  Failure 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.  That amount is listed in the description of each tract.  Title insurance and closing costs split 50/50 between buyer and seller. 2017 taxes due in 2018 to be paid by the seller.  2018 taxes due in 2019 to be paid by the buyer.  The acres in these tracts 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. Information on housing eligibilities obtained from Lincoln County Planning & Zoning.  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.

LUNCH WILL BE PROVIDED EACH DAY COURTESY OF FARM CREDIT SERVICES OF AMERICA

 

George S. Gimbel, Estate Owner

 

 

Eileen Reynolds, Personal Representative

 

Frieberg, Nelson & Ask, LLP

Thomas Frieberg, Closing Attorney

 

 

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

Craig Atkins, Broker Associate, Tea, SD 605-351-9850

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

Darrell Vande Vegte, Vande Vegte Zomer Auctions, Rock Valley, IA 712-476-9443

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  • Listing Status: Sold