Auction Date: Thursday, Jan. 18, 2018 at 11:00AM
Auction Location: On Site
Property Location: Yankton County, SD
Property Size: 154.79+/- Acres
Listing Broker: Advantage Land Company, LLC
Thursday, January 18th, 2018 at 11:00am
Auction Location: Elks Lodge #994
504 W 27th St, Yankton SD 57078
Land Location: From Yankton: 10 miles north on Hwy 81, 2.5 miles east on Hwy 46, the land is on the north side of the road.
From Irene: 9.5 miles west on Hwy 46, land is on the north side.
Snap Shot: Tillable Soil Rating of 83.3%, 151.44 Crop Land Acres, $37,500 Buyer Credit, Good Access & Easy on the Eyes!
Legal Description: E2SW4 and W2SE4 Section 33-T96N-R55W, Mayfield Twp, Yankton Co, SD, less highways and roads.
Estimated Taxes: $3,464
Owner: Susan Connell Vondrak
From daughter to daughter through 4 generations, this land has provided for one family since 1877!This is a glimpse into the history of this lone quarter section and the stability it has brought to one family for 140 years. Originally from Ireland, the Madole family homesteaded this land during the time of the 19th President, Rutherford B. Hayes, as they moved from New York to South Dakota, with the army.
In 1929, the current owners grandfather passed of a heart attack, leaving her grandma a widow & having to raise her eight children during the depression. She decided to keep this land and was able to put all 6 of her daughters through college in which one became a teacher and moved to Chicago. This teacher inherited the land and sold it to her daughter, who is currently a forensic scientist and author.
Currently this fertile land exudes stability & strength with mainly Class II clay soils ranked at an 88%! Boasting of over 142 acres of Class II soils ranked at an 82% and higher, this farm offers 151.44 crop land acres and is currently enrolled in ARC-CO with 151.40 base acres. According to FSA, there is a 75.7 acre corn base with 115 bu. yield and a 75.70 acre soybean base with a 37 acre yield.
Located 10 miles north and 2.5 miles east of Yankton, on Hwy 46, this land offers excellent access with a gentle roll & is easy on the eyes. The balance of this quarter is made up of two tree filled draws for water flow and to hold wildlife. These draws are essential for a potential tile outlet incase one wanted to implement drain tile. As this land is rented for the 2018 farming season, the seller is crediting the buyer at closing in the amount of $37,500.
The history of this land represents America well, land of the free and home of the brave. In seeing the dividends this land has yielded for the Madole/Connell Family, the possibilities are endless in what it may do for you and your family. Bravely invest in your future
*Soil information is provided by Surety Agridata. Cropland & base acres are FSA information.
Closing and landlord possession will be on or before February 20, 2018, as this land is subject to a lease agreement for the 2018 season, expiring March 1st, 2019. Purchaser to receive a credit at close for $37,500 for being unable to utilize in 2018. 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 2017 real estate taxes due in 2018 will be paid by the seller. All of the 2018 RE taxes due and payable in 2019 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 Yankton 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. This is a cash sale. 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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