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147.8 ACRE LAND AUCTION, LAKE CO., SD

SOLD FOR $8,000 PER ACRE

Lake County Land Auction, 147.8 +/- Acres

LAND AUCTION

147.8 ACRES +/- OF HIGHLY PRODUCTIVE FARMLAND 
IN SUMMIT TWP., LAKE CO., SD

We will offer at Public Auction the following described Real Estate located from Brookings, SD, South Main “S” Curve, 3 ½ miles west on 216th Street (Hwy. 12), 4 miles south on 467th Avenue,
2 miles west on 220th Street, then ¼ mile south on 465th Avenue
or from Volga, SD, 9 ¼ miles south on 465th Avenue.
Auction conducted at the property on:

FRIDAY, DECEMBER 29, 2017 SALE TIME: 10:00 A.M.

Tract I: 67.8 +/- acre unimproved farm located in highly productive Summit Twp. in Lake Co. The farm presently has approximately 3,000‘ of farm tile. According to Surety AgriData, this farm is made up of primarily Egan-Wentworth Complex and Egan Silty Clay Loam with a productivity index of 79.1. The farm is signed up in Arc County Program and has a combined present corn and soybean base with the full acres in NE ¼ and N ½ of SW ¼. The corn base is 93.3 acres with a PLC yield of 157 and soybean base is 93.3 acres with a PLC yield of 37 bushels for both farms. This topnotch farm has a gentle rolling complex well-suited for raising corn or soybeans and would be ideal for an existing farm operator or investor. This farm has been in the Elverud Family for 75 years.

Legal Description: 67.8 surveyed acres in NE ¼ of Section 2, except the north 1303.48 feet and except the
south 242.87 feet of the north 1546.35 feet of the east 249.07 feet, Section 2, T-108-N, R-51-W.

Tract II: 80 +/- acre inside, unimproved farm, nearly all tillable at 77.36 acres. The farm presently has approximately 2,000‘ of farm tile. This productive farm, according to Surety AgriData, has a productivity index of 77.5 with predominately Egan-Wentworth and Egan-Beadle soils. The farm would be ideal for present farmers or investors. The property touches Tract I in the NE corner and has been in the Elverud Family for 43 years.

Legal Description: N ½ of SW ¼ of Section 2, T-108-N, R-51-W.

We invite you to inspect this farmland at any time. For additional information,
contact the auctioneers or visit our website www.burlagepeterson.com. Come prepared to buy!

TERMS: 10% non-refundable earnest money deposit due day of auction with balance due on or before February 7, 2018. We will offer each tract individually or as a unit. Title insurance and closing fee split 50/50 between buyer and seller. Seller to pay 2017 real estate taxes. Buyer or seller may elect to do a 1031 exchange. This property is sold subject to any easement, restrictions, reservations of record. Information contained herein and all statements made herein believed to be accurate but not guaranteed. Sold subject to confirmation of owner. Auctioneers represent the seller in this transaction.

Thomas Elverud and Janice Rudebusch – Owners

Auctioneers:

Lenny & Tyler Burlage, Jim & Scott Peterson

Chuck & Jared Sutton

147.8 +/- ACRES
SUMMIT TWP., LAKE CO., SD
ELVERUD & RUDEBUSCH – OWNERS

Earlier Event: November 15
LAND AUCTION