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213.68 +/- ACRE LAND AUCTION

TRACT I SOLD $8,150 PER ACRE
TRACT II SOLD $6,500 PER ACRE

213.68 +/- ACRES IN LEROY AND WENTWORTH TWP., LAKE CO., SD LAND

213.68 +/- ACRES IN LEROY AND WENTWORTH TWP., LAKE CO., SD LAND

We will offer at Public Auction the following described Real Estate in 2 Tracts: Tract I Located from Madison SD, 3 ½ miles East on Hwy. 36. Or from Wentworth, SD, ½ mile North on Hwy. 19, & 1 ½ mile West on Hwy. 36. Tract II located from Madison SD, 3 ½ miles East on Hwy. 36 & 2 miles North on Hwy. 23. Or from Wentworth, SD, ½ mile North on Hwy. 19, 2 miles West on Hwy. 36, & 2 miles North on Hwy. 23. (Watch for Auction Signs) on

TUESDAY, JANUARY 26, 2016               SALE TIME: 10:00 A.M.

Here is an EXCELLENT opportunity to add to your investment portfolio or farming operation with these 2 choice, tillable farm’s both located on Tar Roads in a strong agricultural area

TRACT I: This 134.10 +/- acre farm is predominantly tillable high yielding class I & II soils and a very strong productivity index rating rating of 80, according to Surety Agridata, and approximately 3,600 +/- feet of drain tile installed. This farm primarily features Huntimer Silty Clay Loam and Egan-Wentworth Silty Clay Loam soils, ideal for corn and soybeans. The farm has 127.02 cropland acres according to the Lake Co. FSA office with a corn base acreage report of 62.06 acres with a PLC yield of 145, and a soybean base acreage report of 61.94 acres with a PLC yield of 47.  Standard drain tile has been installed with the main flowing to the North East corner of the farm.  This farm has excellent location in Wentworth Township, Lake County and is located right on an oil road. This farm lays level with excellent topography and good eye appeal. The fall field work has been completed and goes with the farm.

TRACT II: This 79.58 +/- acre farm is highly tillable with a strong overall productivity index rating of 74.6, according the Surety Agridata. This farm is in an excellent location in LeRoy Township, Lake County, and is located on an oil road on the East side of the property. The farm has 73.65 cropland acres according to the Lake Co. FSA office with a corn base acreage report of 49.3 acres with a PLC yield of 159, and a soybean base acreage report of 19.2 acres with a PLC yield of 39. This farm lays level and the fall field work has been completed. This farm is 2 miles North of Tract I. Trees have been dug up on the South Side of the farm, providing new buyers additional tillable acres. Sellers are offering a $5,000 credit at closing to new buyers for cost of burying trees.

TRACT 1 -134.10 +/- Acres – Legal Desc: NW ¼ Exc. Tracts A & B of Nicholsons and Lunds Addn, Sec 7 T-106-N, R-51-W, Wentworth Twp, Lake Co, SD

TRACT 2 -79.58+/- Acres – Legal Desc: E ½ of SE ¼ Exc Hwy #2593 ors+.676 Sec 25 T-107-N, R-52-W Leroy Twp, Lake Co, SD

We invite you to inspect this property any time. For additional information contact Burlage Peterson Auctioneers or go to our website www.burlagepeterson.com. Sellers are conducting a 1031 Exchange.

Auction to be conducted on site of Tract I. No buyers premium charged at our auctions!

TERMS: 10% non-refundable earnest money deposit due day of the sale with balance due on or before February 29, 2016. Title Insurance and Closing Fee split 50/50 between buyer and seller. Sellers or Buyers may elect to do a 1031 Exchange. Sellers offer a $5,000 credit at closing to any new buyer on Tract II for trees removal or burial.  Drain tile is installed on Tract I but was done before sellers ownership. Buyers to receive full possession for the 2016 crop year with the 2016 RE Taxes paid by buyer, farm’s sold separate and subject to confirmation of owners and without warrantee or guarantee. Base acres and PLC yields are according to Lake Co. FSA & Equalization office’s and are deemed accurate but not guaranteed. This property is sold subject to existing easements, restrictions, reservations. Owners do not warranty or guarantee existing fences lie on true and accurate boundary, new fencing, if any will be the responsibility of the buyer. Information contained and all statements made are believed accurate but not guaranteed. Statements made day of sale take precedence over all written material. Burlage Peterson represent the sellers in this transaction.

Chris & Jason Sylte RE LMTD Partnership’s – Owners

Auctioneers & Realtors: 

Tyler & Lenny Burlage, Scott & Jim Peterson

Burlage Peterson Auctioneers & Realtors LLC

CHRIS & JASON SYLTE RE LMTD PARTNERSHIP’S – OWNERS

Earlier Event: January 14
317.92 +/- ACRE LAND AUCTION