LIVE ONLY - SOLD 1350 acre 634 Grass Land Auction in South Dakota near Highmore

Event Date:

4/21/2016 10:00:00 AM CT

Address:

Auditorium in Highmore
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    SOLD 1350 acre 634 Grass Land Auction in South Dakota near Highmore

    Real Estate

    Tract 1 - 474.26+/- acreslegal: n1/2 section 19-t115n-r72w illinois twp & ne1/4 section 24-t115n-r73w spring lake twp, hyde co. S.d.taxes: $3,264.54re
Tract 1 - 474.26+/- Acres Legal: N1/2 Section 19-T115N-R72W Illinois Twp & NE1/4 Section 24-T115N-R73W Spring Lake Twp, Hyde Co. S.D. Taxes: $3,264.54 Repairs: Wetland Restoration, Dugout filled in, Acreage site Razed. This 474.26+/- contiguous acre tract is a turn key operation with three cross fenced pastures, rural water with two tanks, three dugouts, an old acreage site, 43+/- acres currently utilized as hay land and a sizeable amount of new fence. Inclusive of a grassland & waterfowl management rights easement, this pasture lays nearly level with an overall soil rating of .645, mainly Class II soils ranked at a .74! In 2015, moderate stocking rates were managed on the grass and 20 acres of the hayland was reseeded to a cool season grass mix including 10-15% alfalfa. The old acreage site is excluded from the grassland easement, having the potential to be used to meet the needs of your operation, whether a new home site, corals or calving barn are in order. The rural water, hydrant & rubber tire tank is located near the old acreage site, also providing water from an above ground hose to the shared rubber tire tank between the west two pastures. There are sufficient dugouts and wetlands on this tract as well, which two small drained wetlands will be restored prior to August 1st, 2016. Conveniently access this land from the east side on 331 Ave. Get this operation working for you the auction day, as this offering is a strong addition to any ranching operation or investment portfolio! Tract 2 - 160+/- Acres Legal: NE1/4 Section 10-T113N-R73W Loomis Twp, Hyde Co. S.D. Taxes: $912.64 Repairs: Partial breach in dam to be repaired. Six miles north of Holabird, with access from 191 St on the north, this 160+/- acre pasture is equipped with a sufficient dugout, good fence, a few mature trees and mainly class II soils ranked at .74! The topography of the quarter is nearly level with 0-6% slopes and an overall productivity index of .614. A new shared fence was implemented on the southern boundary in 2015. The partial breach of the wetland & dugout will be restored prior to August 1st, 2016. This pasture is covered with a grassland and waterfowl management rights easement and is a quality investment to any cattle operation. BROKERS NOTES: If you are a cattle producer looking for a turn-key, rotational grazing operation with quality grass for your herd or if you are looking for an investment with recreation, your opportunity is here to own four quarters of grassland in northern Hyde County S.D. Put these pastures to work for you this year and come prepared to take Advantage of this public auction!

TERMS:

This is a cash sale. Closing and possession will be on or before May 24th, 2016. Upon acceptance of the sale by the seller, a non-refundable earnest money deposit equal to 10% of the sale price due at the conclusion of the auction. Buyers to sign an Affidavit of Prior Knowledge document the day of sale for Wetlands/dams being restored, building site being razed and demolished, and a dugout being filled in and also for the Waterfowl Managements Rights and Grassland easements to be filed and recorded by the end of 2016. If buyer wants possession day of sale a 20% non refundable earnest money deposit is required. If buyer is not immediately available at the conclusion of the auction, the purchase agreement and 10% or 20% non-refundable earnest money deposit must be complete within 24 hours from the close of the auction. The balance will be due at closing. Merchantable title will be conveyed and title insurance cost will be divided 50-50 between the buyer and seller. Closing costs are to be split 50-50 buyer and seller. All of the 2015 RE taxes due and payable in 2016 will be paid by the seller. The 2016 real estate taxes due in 2017 will be the responsibility of the purchaser. The seller does not warranty or guarantee that existing fences lie on the true boundary, and any new fencing will be the responsibility of the purchaser pursuant to SD statutes. A survey will not be provided and will be the purchasers responsibility if needed or requested. FSA yields, bases, payments and 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. Sold subject to existing easements, restrictions, reservations or highways of record, if any, as well as any or all Hyde County Zoning Ordinances. The RE licensees in this transaction stipulate that they are acting as agents for the seller. Announcements made day of sale take precedence over any written materials. Said property is sold as is. This sale is subject to seller confirmation. Not responsible for accidents.

DOCUMENTS:

Questions? Contact Us!

Megan Hammond

(605) 692-2525

megan@advantagelandco.com

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