Advantage Land Company

1,220 Acres Crop & Pasture Land in Hyde Co, SD

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Auction Date: SOLD! $2236/Acre
Auction Location: Auditorium in Highmore, SD
Property Location: Hyde County, SD
Property Size: 1,220+/-Acres
Listing Broker: Advantage Land Company, LLC


Item Has Ended

This listing has ended with a winning bid of $2728530.00.

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Property Details

Thursday, June 15th, 2017 at 10:00am

Auction Location: Highmore, SD Auditorium

Open Houses: Friday, June 2 from 4-6pm and Wednesday, June 7 from 11am –1pm.

Land Location: From Holabird: 3.5 miles S on Holabird Grade, tracts 5 & 6 start on both sides of the road.

Farm Site Address: 32767 201 St. Holabird, S.D. 57540

Snap Shot: Turn Key Farming and Cattle Operation, $40,000 Buyer Credit for Half Years Rent, Over 1,000 Acres of Class II Soils, All in One Block, Potential for More Crop Land Acres, Home Site with Outbuildings, Sundance Artesian Well Supplying 6 Tanks, 2 taps, a furnace, and Dugouts/Dams, 10 Year Old Trees, Cattle Wintering Areas, all with good Access!

Legal Description: NE4 & NW4 Sec 33, NE4 Sec 32, SW4 Sec 28, SE4 Sec 28, SW4 less SW4SW4 and less S2NW4SW4 Sec 27, SE4 and NE4 Sec 27 all in T112N-R73W Holabird Twp, Hyde County, S.D.

Estimated Taxes:  $8,816

Owners:  Don Hamlin Estate


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Broker's Comments

With a long time family history, the Hamlin Ranch has been owned and operated by the strong stewarding hands of the Hamlin’s since 1941 in central South Dakota, 40 miles east of Pierre. To settle their estate, nine separate tracts will be offered on the open market. Today, this 1,220 acre operation is an all contiguous working ranch with headquarters, livestock facilities, pole shed, barns, bins, Sundance Artesian Well, Mid-Dakota Rural Water, crop land, pasture land and trees in CRP.

With over 1,000 acres of Class II soils, this attractive farm offers quality and consistency, with 680.45+/- cropland acres and 628.16+/- base acres, as this farm is currently enrolled in ARC-CO for Wheat, Corn & Sunflowers. Having the potential for more acres to be converted into row crop production, the balance of this operation consists of well-fenced pasture and hay land, along with the Hamlin Ranch Headquarters. Access is a valuable asset in central S.D., with this operation offering great access on both sides of the well maintained Holabird Grade, only 3.5 miles south of Hwy 14.

The headquarters is inclusive of a 1,368sf home with an addition built in 2006, a master bedroom with jet tub and shower in master bath, an additional 1/2 bath & laundry hookups on main floor and two additional rooms on the main floor. Mid-Dakota Rural Water supplies the home while the 70+/- degree Sundance Artesian Well economically furnishes the furnace in the home, along with 6 water tanks, 2 water taps and overflows into dams/dugouts year round throughout the property. Well water tanks are equipped with a coiled hose circulating well water for thawing in the winter. A bin site, with 5 bins holding a total of 23,500+/- bushels, accompanies the property with its own 220 amp service. Favorable for a livestock operation, this site also includes holding pens, a 40x60 pole shed with well water tap and three barns, one with a cement floor and well water tap.

There is a wind energy easement with Triple H Wind Project on this land, currently in the development period, paying $4.00 per acre with 100% of payments going to the purchaser beginning December 2017. Nine plus acres of ten year old trees are enrolled in CRP, providing superb hunting opportunities, along with good protection for sheltering cattle in the harsh winter elements.

With a total of a $40,000 buyer credit at closing for half year’s rent and having all the major bases covered with quality soils, good access, efficient water sources, headquarters with livestock facilities, livestock wintering areas, trees and hunting opportunities, it is your time to capitalize on this tremendous investment opportunity available to you today. If you are looking for an addition to your operation or looking for an investment in a convenient location, buy your way-of-life today with an asset you can enjoy!

Soil information is provided by Surety Agridata. Cropland & base acres are FSA information.


Closing Terms

TERMS: This is a cash sale. Closing and landlord possession will be on or before July 17th, 2017 as this land is subject to a lease agreement for the 2017 crop year, expiring January 1st, 2018. Purchaser of Tract 1 will have possession immediately after closing on the building site only as the balance of the land is leased through January 1st, 2018. Purchasers to receive tract credits at closing in the total amount of $40,000 for the second half rent for 2017, see credits per tract. 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. If buyer is not immediately available at the conclusion of the auction, the purchase agreement and 10% 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. The 2016 real estate taxes due in 2017 will be paid by the seller. All of the 2017 RE taxes due and payable in 2018 will be prorated to the date of closing, based on previous year’s taxes as a credit at close. 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. Purchaser to assume both CRP contracts and will receive the payments beginning in 2017. The Well Easement Agreement will be signed on or before closing and is subject to Tracts 1, 2, 3, 5, 6, possibly 4, and Donald Hamlin’s 20 acres in Section 27.  This property is also sold subject to the Wind Energy Easement with Triple H Wind Project, LLC with the total development payment to go to the purchaser for 2017, estimated to be a total of $4,880 or $4 per acre in December 2017. 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 a 5% buyer premium. This sale is subject to seller confirmation. Not responsible for accidents.


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