December 19, 2018 @ 10:30 A.M.–Live On site High Caliber Prime Lincoln County, SD Farmland Auction Of 256.79+/- Acres Of Norway TWP, Lincoln County, SD Farmland To Be Sold In Two Separate Tracts!!—Farm Sold For $8300.00 Per Acre!!!! Tract #2 Sold For $7450.00 Per Acre !!!! Thanks to large crowd in attendance!!!!!!
Upcoming High Caliber Lincoln County, SD Farmland Auction
Of 256.79 +/- Acres of Norway TWP Lincoln County, SD Farmland To Be Sold In Two Separate Tracts Located 3 Miles North West Of Norway Center
Tract 1: 138.58+/- Acres—Tract 2: 118.21+/- Acres
December 19,2018 @10:30 A.M.
Location: Tract 1–From Norway Center go 2 Miles North on HWY 11/479th Ave. to 292nd St. then go 2 miles West on 292nd St. to 477th Ave then go ¾ Mile North on 477th Ave to Tract 1. For Tract 2 go 2 miles West on 292nd St go 1 mile West to 478th Ave then go ½ mile North on 478th Ave. . Auction signs will be posted!
Auction will be held at site of land.
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Auctioneers Note:We are honored to offer this farmland at auction for the Van Regenmorter Family!! As the Van Regenmorter Family have purchased land near their home operation in Iowa they have asked us to offer this excellent farmland for sale at auction to complete their land exchange! This land is very desirable and would make a great investment opportunity or addition to your current farming operation!! Make plans today to purchase one of these excellent tracts of High Caliber Norway TWP, Lincoln County SD Farmland!!! The owner of this property would be willing to lease this property back with an attractive cash lease option from any potential buyer/investor if desired!!
Abbreviated Legal Description of Tract #1:Lots 1 & 2 in the NW1/4 EXCEPT Van Regenmorters Addition all located in Section 5, Township 96N, Range 49W, Lincoln County, SD. Subject to all public roads and easements of record.
General Description of Tract #1: According to the Lincoln County Assessor this tract of farmland contains 138.58+/- gross acres According to Lincoln County FSA this farm contains approx. 134.6+/- tillable acres with the remainder in road/ditch. This farm has a corn base and soybean base combined with the adjoining farmland with a PLC yield of 139bu on corn and a PLC yield of 43bu. on soybeans. FSA will do a reconstitution on the base acres once the farmland is sold. This farm is classified as NHEL. The predominant soil types include: WhA-Wentworth-Chancellor, EaB-Egan, Ca-Chancellor-Tetonka, Ws-Worthing. According to Agri-Data this farm has a productivity index rating of 78.6 and the county soil rating is .834. This farm has a large amount of drainage tile installed. This farm appears to have a good state of productivity and is well managed. Make plans today to purchase this high caliber Lincoln County, SD farmland!!
Abbreviated Legal Description of Tract #2: The S630.5’ of Lot 1 in the NE1/4 and the N1/2 of the SE1/4 all located in Section 5, Township 96N, Range 49W, Lincoln County, SD. Subject to all public roads and easements of record.
General Description of Tract #2: According to the Lincoln County Assessor this tract of farmland contains 118.21+/- gross acres According to Lincoln County FSA this farm contains approx. 115.75+/- tillable acres with the remainder in road/ditch and grass waterway. This farm has a corn base and soybean base combined with the adjoining farmland with a PLC yield of 139bu on corn and a PLC yield of 43bu. on soybeans. FSA will do a reconstitution on the base acres once the farmland is sold. This farm is classified as NHEL. The predominant soil types include: EcB-Egan-Chancellor, Ca-Chancellor-Tetonka, EaB-Egan, WhA-Wentworth-Chancellor, Ws-Worthing, Te-Tetonka. According to Agri-Data this farm has a productivity index rating of 77.1 and the county soil rating is .804. This farm is being sold subject to a tile line drainage easement recorded in book 5, page 165 of the Lincoln County Recorder. This farm has several thousand feet of drainage tile installed. This farm appears to have a good state of productivity and is well managed. The buyer of this tract will need to repair/install an access culvert to access the NW portion of this tract. Make plans today to attend this auction to purchase this high caliber Lincoln County, SD farmland!!
Method of sale: Farmland will be sold on gross county acres. Tract 1 will be sold then Tract 2 will be sold. Tracts will not be combined. Auction will be held at the site of Tract 1.
Taxes: The current Real Estate Taxes according to the Lincoln County Treasurer are approx. $3,312.08 per year on Tract 1 and approx. $2,726.34 on Tract 2. Seller will pay the taxes that are due and payable in March of 2019 and the taxes that will be due in September of 2019, based upon the taxes for the year currently payable.
Possession: Possession will be on March 1, 2019. Terms: Purchaser(s) will be required to pay a non-refundable 15 % of the purchase price as earnest money deposit, and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day on or before January 23, 2019 when the buyer shall receive a clear and merchantable title to the property. Owners Title insurance and closing fee split 50/50 between buyer and seller. 2018 taxes due in 2019 paid by the seller. 2019 taxes due in 2020 to be paid by the buyer. Lincoln County Abstract & Title will act as Escrow and Closing agent. Buyer agrees to accommodate seller’s with a 1031 exchange with no cost or expense on the buyers behalf. This farm is being sold as is as a cash sale with no finance contingencies and as is with any/all defects and encroachments if any. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all data provided. No warranties are expressed or implied. Any lines on maps are for informational purposes only and are not guaranteed to be actual boundary lines of the property. Sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing if any will be the responsibility of the purchaser pursuant to SD statues. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. This Property is being sold subject to the confirmation of the sellers. Auctioneers and Real Estate brokers are representing the sellers. If any additional information is requested, please contact auctioneers listed below. Brad De Jong–attorney for sellers.
Van Regenmorter Land LLP—Owners
Mark Zomer-712-470-2526—Darrell Vande Vegte-712-726-3428-
Joel Westra-605-310-6941 –Pete Atkins-605-351-9847
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Mark is a licensed Real Estate Broker and Auctioneer in Iowa and South Dakota and is also co-owner of Vande Vegte & Zomer Realty & Auction Inc. He specializes in Farmland, Residential, Acreages, Estate Auctions, and Commercial properties and has had his real estate license for over 20 years. Mark enjoys all the relationships and long-lasting friendships he has built over the years in his career. From helping the young couple purchase their first home to selling the century farm, customer satisfaction is his #1 goal.