AUCTION on October 10

Landmark Realty logoLake County Farm Land
Friday, October 10 — 10:00am
294.72 Acres

Chester, SD

The sale will be held on location. From Chester convenience store, go 3 miles North on 464th Ave. to the Southwest corner of the property.

Land Auction 10-10-14

Legal Description: Northeast Quarter (NE 1/4) Section 34, Township 106, Range 51 West Except Hwy & Except East 811.25 feet of North 1304 feet and the Southeast Quarter (SE 1/4) Section 34, Township 106, Range 51 West, Lake County, South Dakota.

Terms: 10% down the day of sale with the balance due by November 10, 2014. Possession will be given when current tenants crops are removed. The new owner will have possession for the 2015 crop season. Title insurance will be used with the cost split 50% buyer and 50% seller. 2013 Real Estate taxes due in 2014 in the amount of $5,085.54 will be paid by the seller. The 2014 taxes will be prorated to the day of closing and based on the 2013 tax rate.

Property Description: According to the Lake County courthouse, this property consists of 294.72 acres and will be sold as such. The property has gentle rolling hills with 262.21 cropland acres and 31 acres of pasture according to the FSA office. The property currently has a corn base of 125.2 acres, corn yield of 79 bushel & CC yield of 121. There is a soybean base of 126.3 acres with a yield of 29 bushel & CC yield of 35. This property will be sold as one parcel and would be a good piece of land to add to any farming operation. For a copy of the soil map and complete sale bill, contact Lee Burggraff at LandMark Realty & Auction, Inc. at 605/428-3909 or 605/366-1673

Owners: Clifford & Ruth Hotchkin; Bernice Schuldt; Janice Drews

Auction Arranged & Conducted By:
Lee Burggraff – LandMark Realty & Auction, Inc. – 605/428-3909 or 605/366-1673
Dean Gulbranson – Gulbranson Auction Services – 605/695-0133

Landmark auction map

AUCTION on September 25

Landmark Realty logoBrookings County Land Auction
Thursday, September 25 at 10:30am
South of Lake Poinsett, Brookings County, SD

 We will be offering the real estate for the Sara Larsen Trust in Laketon Township of Brookings County, South Dakota. This land is located directly across the road South of Lake Poinsett on 196th Street. From Highway 81, go East on 196th Street, one mile to the West end of the property and follow it for the next mile.

Here is an opportunity to purchase 247.93 acres in Eastern South Dakota. According to FSA information, this parcel of land has 232.4 acres of farmland with 193.15 acres of cropland with 84.1 acres of corn base with a direct yield of 68 bushels and 76.2 acres of soybeans with a direct yield of 30 bushels. The counter cyclical yields are 104 bushels for the born and 36 bushels for the soybeans.

In addition to the cropland, there is a cell tower located on this property with three five year renewal periods left on this contract. The trust just renewed the contract from 2014 through 2019. The original contract in 1999 started at $300 per month with 10% escalations with each five year renewal period. Therefore, the new contract is near $400 per month.

This property could have additional development potential due to its close proximity to Lake Poinsett. It is conveniently located across from the church camp, Arlington Beach Resort and has beautiful views of the lake. Let your imagination run with the potential of what could be accomplished with this land.

LEGAL DESCRIPTION: All that part of Section 5, Township 112 North, Range 52 West of the Fifth P.M. in Brookings County, South Dakota lying South of the Right-of-Way of a County Highway along the North Part of said section and the Southwest ¼ and the Southeast ¼ in Section 5, Township 112 North, Range 52 West of the Fifth P.M. Brookings County, South Dakota, containing 247.93 acres more or less.

TERMS: CASH – There will be a ten percent (10%) non-refundable earnest money payment due the day of the auction with the balance due on or before October 31, 2014 with landlord’s possession. The 2014 real estate taxes payable in 2015 will be paid by the seller. Title insurance will be utilized with the cost split 50% seller and 50% buyer.

FSA cropland, yields, bases payments and other information are estimated and not guaranteed and are subject to the County Committee approval. Any existing fences may or may not be on the true and correct boundary and any new fencing will be the responsibility of the buyer pursuant to South Dakota law. This property is sold subject to the existing easements restrictions, reservations, or highways of record, if any, as well as any or all Brookings County zoning ordinances.

The auctioneers in the transaction stipulate that they are acting as agents for the seller. Sold subject to confirmation of the owners. For additional information, contact the Auctioneers.

Joy K. Nicoll, Trustee
Kay L. Larsen, Trustee
Todd Wilkinson, Attorney for Trust

Auction arranged and conducted by:
Gulbranson Auction Service
Dean C. Gulbranson
Real Estate & Personal Property Auctioneer #296
Brookings, SD 605/695-0133or 692-2122 

Landmark Realty & Auction
Lee Burggraff 605/428-3909
Real Estate Broker & Auctioneer #4372
Dell Rapids, SD

Kelan Bludorn, Auctioneer
Broker Associate #15139
Brookings, SD 605/690-7772

Carpenter Auction Company
Michael W. Carpenter 507/368-4307
RE & Personal Property Auctioneer
Lake Benton, MN