Mehegan Land Auction

LAND AUCTION

160 (±) Acres Brookings County, SD Land

 We will offer the following land at public auction located from Brookings, SD, 4 miles North on Medary Avenue (471st Avenue) and one mile west on 207th Street (Watch for Auction Signs)

 Tuesday, April 29th, 2014            Sale Time: 10:00 A.M.

 The farm has level ground.  According to Brookings County FSA Office this farm has 119.6 acres tillable and 12.5 acres CRP.  Soil Rating .687.

The 12.5 acres is under CRP contract with 5.2 acres that expire in 2018 at $95.13 per acre; 5.5 acres that expire in 2018 at $99.45 per acre; and 1.8 acres that expire in 2021 at $128.40 per acre.  The property contains an approximate 10 acre building site that could be built on or demolished and farmed with the balance of land being waterways, roads and ditches.  This productive farm has a great location and excellent eye appeal, located in a good agricultural area just four miles north of Brookings.

The owner has obtained from NRCS a preliminary wetland determination to allow tile to be installed that may allow additional acres to be farmed.  This is an ideal addition for a farmer or investor.  For additional information contact Auctioneers or go to www.burlagepeterson.com.

LEGAL Description:  The SE-1/4 of Section 27, T-111-N, R-50-W, Sterling Township, Brookings County, South Dakota

TERMS:  10% non-refundable earnest money deposit due the day of the sale with balance due on or before May 29, 2014.  The farm is leased for the 2014 crop year.  The new buyers to receive a credit at closing for $21,000 and CRP payments to be assigned.  Title Insurance and Closing Fee split 50/50 between buyer and seller.  2013 RE taxes due and payable in 2014 to be paid by Seller.  The buyer pays the 2014 real estate taxes due in 2015.  Farm sold subject to any easement or right of way restrictions.  Sold subject to confirmation of the owner.  The Owner does not warranty or guarantee that the existing fences lie on the true and accurate boundary and any new fencing, if any, will be the responsibility of the purchaser, pursuant to South Dakota law.  All information deemed to be correct but not guaranteed.  Statements made day of sale take precedence over all other material.  The Auctioneers and Attorney represent the seller in this transaction.

 PATRICIA MEHEGAN – OWNER

 BILL LANDSMAN AUCTIONEER
Auctioneer, Elkton, SD ph. 605-690-4432

JIM PETERSON AUCTIONEER
Burlage Peterson Realty & Auctioneers, Brookings, SD ph. 605-692-7102

TIM HOGAN ATTORNEY
McCann, Ribstein, Hogan & McCarty, Brookings, SD, ph. 605-692-6163

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