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.
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