373.58 +/- Acre Land Auction, Kingsbury Co., SD

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Auction Description:

373.58 +/- Acre Land Auction, Kingsbury Co., SD
Date/Time: December 4, 2024 10:00 am
Address: 44952 219th St. Oldham, SD
Bid Online: https://burlagepeterson.nextlot.com/auctions/1696634/lots

Directions
From Oldham, SD, (218th St. & 445th Ave.) 4 miles east on 218th St. Then 1 mile south on 449th Ave., then ½ mile east on 219th St. 44952 219th St. Oldham, SD. Auction to be held at the acreage (Tract 4) 44952 219th St. Oldham, SD

Auctioneer Notes
Excellent opportunity to add some good tillable acres to your operation or investment portfolio in Kingsbury County, SD, or if you are in the market and looking for an acreage. Tracts 1, 2 & 3 have respectable Class 1 & 2 soils and are in a well-known agricultural area. This multi-parcel gives a great opportunity for someone looking for an acreage or looking to pick up some additional acres. The auction will be held live on-site at the acreage (Tract 4) with online bidding available day of the sale.

Overview
Tract 1 – 160 +/- acres – This farm is located from Oldham, SD (218th St. & 445th Ave.) 2 miles east on 218th St. then ½ mile south on 447th Ave. According to FSA information this land has approximately 124.49+/- acres of cropland with approximately 30+/- acres of pasture and lower laying ground. Currently there are approximately 96+/- acres that are being farmed with 24.42+/- acres in the CRP program and the farm does have some drain tile. Surety Agri Data, Inc. indicates on the cropland acres this farm has a soil productivity rating of 81.1 with much of the farm in Class 1 & 2 soils. This farm is rented until 1-03-2027 and the new buyer will receive a seller enhanced rent credit of $48,000.00 at closing with the new buyers to receive possession after the lease expires. The CRP contract on this farm contains 24.42+/- acres with an annual payment of $2,963.00 expiring on 09/30/2025.

Description: SW ¼ in Sec. 25, T-109-N, R-54-W, Kingsbury Co., SD

Tract 2 – 170.92 +/- acres – This farm is located from Tract 1 (219th St. & 447th Ave.) 2 miles east on 219th St. According to FSA information this property has approximately 148.03+/- acres of cropland. Surety Agri Data, Inc. indicates on the cropland acres this farm has a soil productivity rating of 82.3 with much of the farm in Class 1 & 2 soils. This farm has a USFW wetland easement, and this farm is rented until 1-03-2027 and the new buyer will receive a seller enhanced rent credit of $66,500.00 at closing with the new buyers to receive possession after the lease expires.

Description: SW ¼ Exc. .424 Ac Hwy in Sec. 29, T-109-N, R-53-W, Kingsbury Co., SD

Tract 3 – 29.66 +/- acres – This farm is located ¼ mile east from Tract 4. This all-tillable 29.66+/- acre piece of land is currently being farmed. According to Surety Agri Data, Inc. this land has a soil productivity rating of 90.8 with Class 1 soils. This farm is rented until 1-03-2027 and the new buyer will receive a seller enhanced rent credit of $15,000.00 at closing with the new buyers to receive possession after the lease expires.

Description: That portion in the SW ¼ Exc. 424 Acres Hwy of Sec. 29, T-109-N, R-53-W, Kingsbury Co., SD

Tract 4 (Acreage – 44952 219th St., Oldham, SD) – This 13+/- acre acreage consists of an older 2-story home that has approximately 1,710 Sq. Ft. of living space and there is an attached 4 stall insulated and heated garage. There is a 90’x 54’ shed, a 52’x 32’ shed, barn and some other outbuildings. This is an excellent opportunity for someone looking for an acreage with some room and potential for some real sweat equity to be earned with some vision.

Description: Acreage site in the SW ¼ Exc. 424 Acres Hwy of Sec. 29, T-109-N, R-53-W, Kingsbury Co., SD
Terms
10% non-refundable earnest money deposit due the day of sale with balance due on or before December 30, 2024. Title insurance and closing fees split 50/50 between buyer & seller. The sellers will pay the 2024 real estate taxes due and payable in 2025 with the new buyer(s) to pay the 2025 real estate taxes due in 2026 and beyond. Sellers do not guarantee that existing fences lie on the true boundaries, and any new fencing will be the responsibility of the purchaser pursuant to SD statutes. The total acres, cropland acres, yields and bases are per Kingsbury Co., and the FSA office. This land is under contract with the lease expiring on 1-03-2027 excluding the acreage, with the new buyers receiving possessions upon completion of the lease. The new buyer(s) is responsible for conducting their own due diligence for any future uses and practices with the property. The land is sold subject to easements, contracts, and restrictions, if any, and is sold subject to confirmation by the owners on the day of the sale. The information contained herein, and all statements and descriptions made are believed to be accurate but not guaranteed. Buyers or sellers may conduct a 1031 exchange. The auctioneers represent the seller in this transaction.

Owner
Gene Austad Estate

Additional Information
LAND BROKERS & AUCTIONEERS Burlage Peterson Auctioneers & Realtors, LLC Land Brokers – Auctioneers – Farm Managers & Realtors [email protected] or 605-692-7102 317 4th Street, Brookings SD | www.burlagepeterson.com

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