Linge Estate – +/-285.2 Surveyed Acres of Productive Chester Township Lake County, SD Land

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Auction Description:

Linge Estate – +/-285.2 Surveyed Acres of Productive Chester Township Lake County, SD Land
Date/Time: December 5 @ 10:00 am
Location: On Site
Auction Brochure: https://www.suttonauction.com/wp-content/uploads/2024/10/Linge-Land-2024.pdf

We will offer the following real property at auction “On Site” at the land located from Chester, SD – 3 miles west on 241st St. (Co. Hwy. #52) to 461st Ave. (Co. Hwy. #21) and then approx. ¼ mile north on 461st to the SALE SITE; or from the Prostrollo Motors Corner in Madison, SD – 1½ miles east on Hwy. #34 to the Jct. of Hwy’s. #34 & #19, then approx. 6¼ miles south on Hwy. #19 to Franklin and 3 miles east on 241st St. to 460th Ave. to the SW Corner of the land.

This +/-285.2 Acre Farm will be Offered As – TRACT #1 – +/-109.87 Acres; TRACT #2 – +/-175.33 Acres or TRACTS #1 & #2 Combined – The +/-285.2 Acre Unit.

This auction presents a great opportunity to purchase a productive parcel of farmland with some high-quality soils, a relatively high percentage tillable and superb location lying adjacent to 2 county highways and conveniently located to Chester and Madison, SD., the Dakota Ethanol Plant at Wentworth, SD & Madison Farmers Elevator, Lake Madison and Brant Lake and other area points of interest and is also situated in a prominent agricultural area in Chester Township in Lake County, SD. This land is available to the buyer to farm or lease as they desire in 2025. Another noteworthy improvement to this farm is the new driveway access that was installed on the east side of the farm off of 461st Ave.(Co. Hwy. #21) into the property.

This property consists of a total of a +/-285.2 acre surveyed parcel of land. According to FSA information this farm has 279.41 acres of Farmland with approx. 261.15 acres of cropland, with a 147.67 acre corn base with a 146 bu. PLC yield and a 110.55 acre soybean base with a 44 bu. PLC yield. From a visual inspection of the FSA aerial photo, it appears that the portion in Tract 1 (+/-109.87 surveyed acres) of the SE¼ is nearly all tillable with approx. 110.16 acres of cropland; additionally, the portion in Tract #2 (+/-175.33 surveyed acres) – which is inclusive of the SW¼ and an area of land in the SW corner of the SE¼) – appears to contain approx. 150.99 acres of cropland. According to info. obtained from the Lake County Assessor & Treasurer’s information the 126.95 taxable acres in the SE¼ has an overall soil rating of .736 and the 2023 RE taxes payable in 2024 were $2,395.80 and the 158.62 taxable acres in the SW¼ has an overall soil rating of .715 and the 2023 RE taxes payable in 2024 were $2,947.24. Comparatively information obtained from Surety Agri-Data, Inc., indicates the acres in area in Tract #1 of the SE¼ has a soil index of 71.9, and the acres in the area of Tract #2 has a soil index of 67.4. The cropland acres in Tracts #1 & #2 are comprised of predominately Class II & III soils. The non-tillable acres include some lowland pockets and trees which are located in Tr. #2. It also is noteworthy that there has been a NRCS Certified Wetland Determination completed on this farm. The topography of this land is generally gently rolling to rolling with some lower lying areas in lowland areas. According to US Fish and Wildlife there are NO wetland easements on this farm. Overall, this is a very desirable parcel of land which has been in the Linge Family for many decades, that would serve as an excellent addition to an area row crop farming operation(s) and/or investment property.

LEGAL DESC.: TR. #1 – +/- 109.87 Acres – The SE¼ less exceptions (To be Platted as Tr. 1 of Linge Addition); TR #2 – +/-175.33 Acres –The SW¼ and an area in the SW Corner of the SE¼, (To be Platted as Tr. 2 of Linge Addition), all in Sec. 18, T. 105N., R. 51W., (Chester Twp.), Lake County, SD – If sold as a single combined parcel (Tracts #1 & #2 Combined) – No Plat will be required and a Certificate of Survey will be provided.

TERMS: A 10% nonrefundable downpayment on the day of the sale with the balance on or before Jan. 17, 2025, with full possession for the 2025 crop year. 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(Dell Rapids Law Firm) to be divided 50-50 between the buyer(s) and sellers. All of the 2023 RE taxes payable in 2024, as well as all of the 2024 RE taxes payable in 2025 will be paid by the estate. The total acres being sold are being sold in accordance with a survey as completed by Midwest Land Surveying, Inc., with the acres understood to be “more or less”. All survey costs will be paid by the estate. The sellers do not guarantee that existing fences lie on the true and correct boundary and any new fencing, if any, will be the responsibility of the purchaser(s) 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 seller. Sold subject to confirmation of the Personal Representatives. 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.

JOYCEANN L. LINGE ESTATE- Beth A. Warne, Linda K. Linge & Lisa M. Rave – Personal Representatives

Dell Rapids Law Firm – Closing Agent & Attorneys for the Estate – ph. 605-428-5444

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

DEAN GULBRANSON – RE Auctioneer – Madison, SD – ph. 605-695-0133

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