Item Has Ended
This listing has ended with a winning bid of $3318722.00.
Current Time: June 20, 2018 3:00:22 AM CDT
Ending: Thursday May 3, 2018 6:00 PM CDT
Item Has Ended
Bid Increment: $0.00
Buyer Premium: None
Property Size: 509.98
Listing Broker: Advantage Land Company
Buy Price: None
Starting Bid: $3,318,722.00
Reserve Status: This item has no Reserve.
Bid Increment: $0.00
Bids: 1 (History)
Current Bid: $3,318,722.00 by --
Thursday, May 3, 2018 at 11:00am
Auction Location: American Legion in Redfield, SD
612 N Main St Redfield SD 57469
Location from Doland: 5 miles west on Hwy 212, 7 miles south on Hwy 37, Tract 1 starts on the west side of the road.
From Frankfort: 4 miles east on Hwy 212, 7 miles south on Hwy 37, Tract 1 starts on the west side of the road.
Snap Shot: Fertile Farm Land Location of Frankfort, Spink County, South Dakota, Majority Class II Clay Kranzburg-Cresbard at 81% Productivity Index, 431.65 crop land acres, Timber Creek Flowing Through with Grass Land Offering the SD Hunting Experience & More!
Legal Description: T1: NE1/4 less Lot H-1 Sec 12-115-62; T2: SE1/4 ex 2A & Lot H-1 Section 12-T115N-R62W; T3: E1/2 & NW1/4 of NE1/4 Sec 23-116-62; T4: W1/2 of NW1/4 Sec 24-116-62 Spink Co. SD
Total Taxes: $7,313
Owner: Walseth Family
T R A C T 1
A C R E S : 156.01+/- acres T A X E S : $2,059.84 B U Y E R C R E D I T : $12,250
L E G A L : NE1/4 less Lot H-1 Section 12-T115N-R62W Lincoln Twp, Spink County SD
B R O K E R S N O T E : This quarter is all tillable, offering convenient farming from corner to corner. The soils are mainly comprised of Class II clay Kranzburg-Cresbard silt loams with an aggressive productivity index of 81%, with an overall soil quality of 71.4%. There are 151+/- cropland acres and 143.38 base acres having a 62.07 acre corn base with a 132 plc yield and an 83.87 acre soybean base with a 36bu plc yield. See the quality of this nearly level farm with convenient access from Hwy 37 and 179th St in the highly productive corn and soybeans area of Frankfort, SD.
T R A C T 2
A C R E S : 153.97+/- acres T A X E S : $2,077.90 B U Y E R C R E D I T : $11,750
L E G A L: SE1/4 ex 2Acres & Lot H-1 Section 12-T115N-R62W Lincoln Twp, Spink County SD.
B R O K E R S N O T E : Located on Hwy 37 minutes southeast of Frankfort, this quarter of cropland boasts of 145.86+/- cropland acres and over 117 acres of class II dirt, mainly Kranzburg-cresbard silt loams rated at 81% PI. The beauty of this land is seen all around with it being convenient for the modern day farmer, location, nearly level topography, easy access and soil quality. Consistency year after year comes to mind when assessing this investment, which sits back to back with Tract 1. There are 138.23 base acres having a 56.93 acre corn base with a 132 plc yield and a 78.73 acre soybean base with a 36bu plc yield.
T R A C T 3
A C R E S : 120+/- acres T A X E S : $1,997.66 B U Y E R C R E D I T : $6,500
L E G A L : E1/2 & the NW1/4 of NE1/4 Section 23-T116N-R62W Frankfort Twp, Spink Co. SD.
B R O K E R S N O T E : The combination of 53.34 crop land acres with the balance of virgin sod grass land and Timber Creek running through, make this an attractive parcel for farmers, cattle producers, recreational enthusiasts and investors. The tillable soil is mainly comprised of Class II clay LaDelle silt loam at a 92% PI, with access from 175th St. With Timber Creek on this land, one has the opportunity to potentially improve the farm with drain tile to create additional heavy hitting crop production acres. There are 50.62 base acres having a 21.39 acre corn base with a 132 plc yield and an 29.23 acre soybean base with a 36bu plc yield. This property is the optimal hunting and investment scene near Redfield where many recreationalists flock for the annual South Dakota pheasant hunting experience.
T R A C T 4
A C R E S : 80+/- acres T A X E S : $1,176.78 B U Y E R C R E D I T : $6,500
L E G A L : W1/2 of NW1/4 Section 24-T116N-R62W Frankfort Twp, Spink County SD.
B R O K E R S N O T E : High end South Dakota crop land doesn’t get much better than this offering with the majority productivity index of 95%, Great Bend-Beotia, Class II Clay soil. Access this land from the north on 175th St, enjoy the undulating topography and minimal waste acres. According to FSA information, there are 81.44 cropland acres with a 0-6% slope. There are 77.27 base acres having a 32.65 acre corn base with a 132 plc yield and a 44.62 acre soybean base with a 36bu plc yield.
This land has a history and it started with the Noonan’s settling in America from Ireland, originally in Lake Benton MN then ultimately in Spink County. In 1915, a girl named Genevieve attended South Dakota State University in Brookings, South Dakota to be a school teacher, which was very rare at the time. She married Edwin Noonan Sr. and they farmed this land for decades with their 9 children in the early 1900’s.
Two of their 9 children, Bill & Ambrose, took over the farm, still known by the family as the “Noonan Brothers”. The Noonan Brothers did not have children; however, Edwin Noonan Jr did have children in which the land was inherited by his children, the Walseth’s in 1985.
This opportunity has taken generations to grow and today has ripened into a sweet offering of 510 acres in prime farming country with 431.65 cropland acres predominately comprised of Kranzbury-Cresbard silt loams, Class II clay soil with a productivity index of 81%! According to FSA information, this land is enrolled in ARC-CO with 409.5 base acres, having a 173.05 acre corn base with a 123bu plc yield and a 236.45 acre soybean base with a 36 bu plc yield. Within 5 miles of each other, this land has convenient access from Hwy 37 and 175th Street and offers a nearly level topography.
Timber Creek flows through the grass and crop land of Tract 3, offering recreational opportunities. Make it an annual tradition for your family, friends, or team building to experience South Dakota pheasant hunting as many have with your own land investment.
With a total buyer credit of $37,000 at closing for owning the land half the year, enjoy the well rounded consistency this land brings with fertile soils, attractive agricultural area, rich history and a bright future. This land will continue to produce and shine like the Noonan’s and Genevieve did in their time. The history does not stop here, the book is simply changing chapters, so let this land have an abundant impact on your family history during your lifetime!
*Soil information is provided by Surety Agridata. Cropland acres are based on FSA information.
Closing and landlord possession will be on or before June 7th, 2018 as this land is sold subject to 2018 leases expiring March 1, 2019. Buyer to receive from seller a $37,000 credit at close for half the year’s rent for being unable to farm for the 2018 crop year (see Parcel Breakout for appropriate buyer credits). 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 paid 50/50 between buyer & seller, based on 2017 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 Spink 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 is a cash sale. This sale is subject to a 5% buyer’s premium. This sale is subject to seller confirmation. Not responsible for accidents.
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