Funke – Edison Twp., Minnehaha Co. SD Land Auction

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Auction Description:

Funke – Edison Twp., Minnehaha Co. SD Land Auction
Date/Time: December 27 @ 10:00 am
Location: Garretson, SD

LAND AUCTION

+/-72.77 Acres of Highly Productive Edison Twp., Minnehaha County, SD Land with 1 Rural Housing Eligibility Situated between Garretson, SD & Brandon, SD! This Auction Awards a Nice Opportunity to Purchase a Productive Parcel of Land to Add to an Area Row Crop Farming Operation or to Purchase as an Investment!

We will offer the following real property at auction, with the auction to be held “On Site” at the land which is located from the Brandon-Corson, SD Exit #406 on I-90 – 4 1/2 miles north on Hwy. #11 (482nd Ave.), then ½ Mile W. on 256th St., or from Garretson, SD – 3 miles west on Hwy. #11 to the Hwy. Curve, then approx. 2 miles south on Hwy. #11 (482nd Ave.) to 256th St., then ½ mile west.

FRIDAY DECEMBER 27, 2024 Sale Time: 10:00 AM

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This auction awards the opportunity to purchase an extremely well-located parcel of land situated in Edison Twp., Minnehaha County SD. This property has a variety of amenities that make this a very desirable property for a variety of potential buyers as it features the inclusion of 1 rural housing eligibility & an extremely high percentage tillable. This land is located in an area where farms such as this don’t come available on the open market with a great frequency, thus this auction awards a very nice opportunity to purchase this land!

According to FSA information, this farm consists of approximately 68.39 acres of cropland with a 36.60 acre corn base with a 121 bu. PLC yield and a 24.50 acre soybean base with a 43 bu. PLC yield. This is an inside +/-72.77 Acre tract with roadway only on the south side of the property, leaving very few waste acres. According to county assessors information this parcel has an overall soil rating of a .751. Comparatively, information obtained from Surety-Agridata Inc. indicates that this land has a weighted average productivity index of a 75.5 and is comprised of primarily Moody-Nora & Nora Crofton soils. According to the current owners, this land has been enhanced with the instillation of drain tile on this property, however no tile maps are available. According to Minnehaha County Planning & Zoning this parcel has 1 remaining rural housing eligibility. This is a scenic property which may have potential for a future rural acreage site by utilizing the remaining housing eligibility on the property. This land does have an existing access easement off the E. driveway which allows for access to this land as well as a 33’ access easement along the E. side of the property for access to an adjoining parcel to the north. Any additional driveways/field approaches would be the responsibility of the new purchaser(s). The 2023 taxes payable in 2024 on this land were $1,735.40. This is a productive parcel of land that has the potential to fulfill the needs of a variety of buyers, including those looking for productive cropland to add to their farming operation and/or investment portfolio!

LEGAL DESC.: Tract 2 of Brandt’s Addition in Sec. 34, T. 103N., R. 48W., Edison Twp., Minnehaha Co., SD

TERMS: A 10% non-refundable earnest money payment on the day of the sale and the balance on or before Feb. 17, 2025, with full possession for the 2025 crop year. Marketable title will be conveyed with an owner’s title insurance policy provided with the cost divided 50-50 between the buyer and seller, additionally a title company closing fee will be divided 50-50 between the buyer and seller. The total acres being sold are based on surveyed acres as determined by Midwest Land Surveying, Inc., with the acres understood to be “more or less”. All of the 2023 RE taxes payable in 2024 have been paid and all of the 2024 RE taxes payable in 2025 will be paid by the sellers. The sellers do not warranty or guarantee that the existing fences lie on the 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 applicable Minnehaha County Zoning Ordinances. The seller(s) may intend to utilize this property in connection with a 1031 tax free exchange and the buyer will agree to cooperate with facilitation of the exchange, although any expenses related to the exchange will be paid by the seller(s).The RE licensees in this transaction are acting as agents for the agent for the owners. Sold subject to confirmation of the owners. To make arrangements for absentee bidding or other information contact the auctioneers.

BRETT FUNKE & JENNIFER FUNKE, Owners

AUCTION CONDUCTED BY: SUTTON AUCTIONEERS & LAND BROKERS, LLC

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

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

TOM & TED SOUVIGNIER – Auctioneers & RE Broker Associates – Canton, SD – ph. 605-987-2404

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