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79.67 +/- ACRES MEDARY TWP LAND AUCTION

SOLD $4,350 PER ACRE

79.67 Acres Medary Township Brookings County, SD Land

LAND AUCTION
Location, Location, Location!!

 79.67 Acres of Well Located Medary Township Brookings County, SD Land Situated within a Close Proximity to Brookings, SD & Adjacent to and Near Area Rural Housing Development SD

We will offer the following real property at public auction, with this auction to be held at the land – located from Brookings, SD (Pheasant Café at the Jct. of Main Ave. & 8th St. S.) – 3 miles south on Main Avenue and ¼ mile west on 216th St/44th St. S. – the NW Corner of the land at the Jct. of Western Ave./470th Ave. & 44thSt./216th St.

Wednesday  July 13, 2016                             Sale Time:  7:00 PM

AUCTIONEER’S NOTE:  This is a very unique parcel of land that will be of interest to individuals in the market for land with potential residential home sites, agricultural producers, investors and perhaps individuals with an entrepreneurial spirit and developmental vision for this parcel of land.   This land is situated within the Joint Jurisdictional Zoning area of the City of Brookings and Brookings County, SD and presently is zoned and classified as agricultural land.  If you are interested in owning a relatively small “one of a kind” parcel of land that will be much more affordable than larger parcels more commonly sold, then make plans to inspect these property and be in attendance at this auction.

This property has a superb location with portions lying adjacent to a County Oil Hwy. (W. 44th St. South/216 St.) and bordered on the west by Western Ave. South (470th Ave.), furthermore portions of this property lie adjacent to Lass Addition – a developed rural housing development.  This +/-79.67 acre parcel of land will be offered as a single parcel and as such has 2 Potential housing eligibilities subject to the 35 acre minimum Brookings County Housing zoning threshold.  This land is currently situated outside of the Brookings City Limits, but is within the joint jurisdictional zoning area of the City of Brookings and Brookings County.  Presently this +/-79.67 acre parcel of land is being utilized as agricultural farmland and according to FSA information this property has approx. 70.07 acres of cropland with an extremely high FSA 70.07 acre corn base with a 108 bu PLC yield.  According to information obtained from the Brookings Co. Assessor this land has an overall soil rating of .574, comparatively info. obtained from Surety Agri-Data Inc., this land has a soil productivity index of 50.5.  The general topography of this land is level to nearly level.  This property is sold subject to a Cash Rental Lease for 2016 and the buyer at closing will be credited with a rental compensation of $10,600.00, which is approx. $135.00/Ac. on 79 acres rounded to total of $10,600.00.  The 2015 RE taxes payable in 2016 on this property are $1,510.74.

LEGAL DESC.: Legal Desc.:  The NW ¼ Exc. Lass Add’n. and Exc. the S. 700’ of the N. 1,793’ of the W. 850’ of the E. 1,975’ and Exc. the E ½ SW ¼ NW ¼ and Ex. S. 200’ of the W ½ SW ¼ NW ¼ of Sec. 14, but including a 31.76’ Strip Adjacent on the East Side of Tract 2A and Tract 1A of Lass Add’n., Sec. 14, T. 109N. R. 50W., (Medary Twp.), Brookings Co., SD – containing 79.67 acres according to County Assessor’s data.

TERMS: Cash – A 10% nonrefundable earnest money payment sale day & balance on or before Aug. 24, 2016, with Landlord’s Possession at which time the buyer will receive compensation for the 2016 cash rent in the total amount of $10,800.00 and Full Possession subsequent to the harvest of the 2016 crop.  Marketable Title will be conveyed and owner’s title insurance policies will be provided with the cost divided 50-50 between the buyer and seller.  All of the 2015 RE taxes payable in 2016 will be paid by the sellers, with the buyer(s) to be responsible for all of the 2016 RE taxes payable in 2017. The 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 statutes. FSA cropland acres, yields, bases & other information are estimated and subject to County Committee approval.  The acres in this parcel are based on the acres as stated on County Assessment Data, with the acres understood to be “more or less.” This property is sold subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all applicable zoning ordinances. Information contained herein is deemed to be correct, but is not guaranteed. The RE licensees/auctioneers in this transaction stipulate that they are acting as agents for the sellers.  Sold subject to confirmation of the Owner.

If you are in the market for a well located parcel of land located within a close proximity to Brookings, SD, then make plans to inspect this property and be in attendance at this auction.  For additional information, contact the auctioneers.

SANDRA LASS, Owner

 AUCTIONEER & LAND BROKER
CHUCK SUTTON

Sioux Falls, SD – ph. 605-336-6315 & Flandreau, SD – ph. 605-997-3777

AUCTIONEERS & REALTORS
Burlage Peterson Auctioneers & Realtors & , LLC
Jim Peterson – 605-690-2674
Lenny Burlage – 605-690-0379
Scott Peterson – 605-690-0505
Tyler Burlage – 605-695-3874
317 4th St, Brookings, SD – Office – 605-692-7102
www.burlagepeterson.com

BROOKINGS COUNTY, SD

SANDRA LASS – OWNERS

Earlier Event: July 12
257.58 +/- ACRE LAND AUCTION
Later Event: July 15
LAKE LOT AUCTION