Petersen Homestead, Inc. – +/- 313.53 Acres of Productive Nunda Township Lake County, SD Land

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Auction Description:

Petersen Homestead, Inc. – +/- 313.53 Acres of Productive Nunda Township Lake County, SD Land
Date/Time: October 30 @ 10:00 am
LAND AUCTION

We will offer the following real property at auction at the land located from Madison, SD (Jct. Hwy’s. #81 & #34 – Pizza Ranch Corner) – 7 miles north in Hwy. #81 to 225th St., then 1 mile east on 225th St. to the SW Corner of the land; from Nunda, SD – ½ mile south on 459th Ave., 3 miles west on Co. Hwy. (223rd St.) and 1½ miles south on 456th Ave. to the NE Corner of the Land; or from Ramona, SD – 4 miles east on 225th St. to Hwy. #81, then 1 east on 225th St. to the SW Corner of the land at the Jct. of 225th St. & 455th Ave.

This +/-313.53 acre Farm will be Offered As – TRACT #1 – The SW¼ – +/-153.53 Acres; TRACT #2 – The SE¼ – +/-160 Acres or TRACTS #1 & #2 Combined – The +/-313.53 Acre Unit.

AUCTION BROCHURE: https://www.suttonauction.com/wp-content/uploads/2024/10/PETERSEN-HOMESTEAD-LAKE-COUNTY-LAND-2024-BROCHURE.pdf

This auction presents a great opportunity to purchase a productive parcel of farmland with some high quality soils, a relatively high percentage tillable and a somewhat secluded +/- 20 acre area of hunting and wildlife habitat. This land is available to the buyer to farm or lease as they desire in 2025. This land is well located within 1 mile of Hwy. #81 and is situated in a prominent agricultural area in Nunda Township in Lake County, SD and is conveniently located to the nearby communities of Nunda, Madison, Rutland and other area communities, and also is conveniently the SD Soybean Processors Terminal at Volga, SD, Dakota Ethanol at Wentworth, Farmers Elevator at Madison, as well as other nearby area grain markets and area points of interest. According to FSA information this +/-313.53 acre farm has approximately 286.17 acres of cropland with a 139.40 acre corn base with a 142 bu. PLC yield and a 136.10 acre soybean base with a 42 bu. PLC yield. According to info. obtained from the Lake County Assessor the SW¼ (Tr. #1) – has an overall soil rating of .857 and the SE¼ (Tr. #2) has an overall soil rating of .688; comparatively, Surety Agri-Data Info. indicates this land has a weighted soils productivity index on the SW¼ (Tr. #1) of 84.2 and the SE¼ (Tr. #2) has a soils productivity index of 69.3. The general topography of this land is gently rolling to rolling with some lower lying areas in lowland areas. According to US Fish and Wildlife there are NO wetland easements on the Tr. #1 – the SW¼; although there is a Wetland Easement on Tr. #2 – the SE¼ – which prohibits filling, burning, draining or other provisions governed by the easement. This is a very desirable parcel of land which has been in the Petersen Family for many decades, that would serve as an excellent addition to an area row crop farming operation and/or investment property.

LEGAL DESC.: Tr. #1 -The SW ¼, Exc. the E. 412’ of the W. 1,491’ of the S. 684’, Sec. 29, T. 108N., R. 52 W., Lanke Co., SD; Tr. #2 – The SE ¼ of Sec. 29, T. 108N., R. 52W., (All in Nunda Twp.), Lake County, SD.

TERMS: A 10% nonrefundable down payment on the day of the sale with the balance on or before Dec. 17, 2024. Marketable Title will be conveyed and an owner’s title insurance policy will be provided with the cost of the owner’s policy and the closing agent’s fee (Weber Abstract & Title) to be divided 50-50 between the buyer(s) and sellers. All of the 2024 RE taxes payable in 2024 in the amount of $3,479.62 of Tr. #1 (SW¼) and $2,927.64 on Tr. #2 (SE¼) will be paid by the sellers; the buyers will be credited these same tax amounts at closing and will subsequently be responsible for payment of all of the 2024 RE taxes payable in 2025, with nor further adjustments. The total acres being sold are based on the acres as stated on the county tax records, with acres understood to be – more or less. The sellers do not warranty or guarantee that the existing fences lie on the true and correct boundary and new fencing, if any, will be the responsibility of the purchaser pursuant to SD law. FSA cropland, yields, bases & other information is estimated and not guaranteed and are subject to county committee approval. Information contained herein is deemed to be correct but is not guaranteed. This property is sold in “AS IS” CONDITION and subject to any existing easements, restrictions, reservations or highways of record if any, as well as any or all Lake County Zoning Ordinances. The RE licensees in this transaction are acting as agents for the agent for the owners. Sold subject to confirmation of the Owners.

Either these individual parcels or this farm as a whole, are well suited to serve as an addition to an area farming operation(s) or as an investment. To make arrangements for absentee bidding or other information contact the auctioneers.

PETERSEN HOMESTEAD, INC. – Owners

CHUCK SUTTON – Auctioneer & Land Broker – Sioux Falls, SD – ph. 605-336-6315

JARED SUTTON, CAI – Auctioneer & RE Broker Assoc. – Flandreau, SD – ph. 605-864-8527

WAYNE BESSMAN – RE Auctioneer – Madison, SD – ph. 605-270-4980

CHIP WOSJE – RE Auctioneer – Nunda, SD – ph. 605-480-2847

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