SD Cropland Auction - Advantage Land Co/ G3 Auction LLC

SD Cropland Auction

Auction DateNovember 11, 2021 - 11am

Auction Location: On-Site - East of Brookings, SD

Online Bidding Opens: November 9, 2021

Acres

466.39+/-

Date of Auction

11/11/2021 - 11 AM

Taxes

$14,995.40

Legal: E2 (Inc. RR Exc. Hwy & Exc H-2 & Exc. W 506' of E 1718' of S 727' of SE4) Sec. 29 and NE4 (Exc. 1.21 Acres) Sec.32-T110N-R48W, Brookings Co., SD

Owners: Ewald & Evelyn Freyberg Estate

SOLD!

Closing & landlord possession to take place day of closing on or before December 15, 2021, as this property is sold subject to the terms & conditions of leases expiring December 31, 2022. Purchaser(s) to receive credit at closing for not being able to farm or rent in 2022 in the amounts as follows: Tract 1 - $26,000; Tract 2 - $12,600; Tract 3 - $6,800; & Tract 4 - $32,900. Purchaser to assume the remaining terms & conditions of the leases upon closing, however, the seller will retain tenant payments as they come due. Hunting rights will transfer at closing. Tenants have the right to harvest crop residue for 2022. Tenants may or may not elect to do fall tillage in the fall of 2022. Upon acceptance of the sale by the seller, a non-refundable earnest money deposit equal to 10% will be due at the conclusion of the sale. If the buyer is not immediately available at the conclusion of the auction, the purchase agreement and 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 2020 RE Taxes due and payable in 2021 will be paid by the seller. The 2021 RE Taxes due and payable in 2022 will be paid by the seller as a credit to the buyer at closing based on the most current tax information. 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. FSA yields, bases, payments, and other information are 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 Brookings County Zoning Ordinances. A preliminary plat is provided; however, closing may be extended due to plat approval timelines. 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. Property is sold as is. This sale is subject to seller confirmation. Not responsible for accidents. Seller may elect to conduct a 1031, in which buyers will reasonably accommodate timelines. 4 tree stands and a trail cam will be removed prior to closing. 

Tract 1:

TILE ACKNOWLEDGMENT AND EASEMENT. The Purchaser acknowledges that there is currently drain tile installed in Tracts 1 and 4 and a waterway in Tract 3. The Purchaser acknowledges that there is currently 2,225 feet of drain tile installed in Tract 1. The Purchaser(s) of Tract 2 & 3 at closing will be required to grant an easement to allow access over Tract 2 & 3 to the outlet into the waterway onto Tract 3. Any new tile installed by Purchaser is to be perforated or solid, at the discretion of Tract 2 and 3 owners. If tile is installed, an access easement will be given to the same parties for future maintenance and repairs.

Tract 2:

TILE ACKNOWLEDGMENT AND EASEMENT. The Purchaser acknowledges that there is currently drain tile installed in Tracts 1 and 4 and a waterway in Tract 3. The Purchaser of Tract 2 at closing will be required to grant an easement to the Purchaser of Tract 1 to allow access over Tract 2. The Purchaser of Tract 3 at closing will be required to grant an easement to the Purchaser of Tract 2 to the outlet into waterway onto Tract 3. Any new tile installed by Purchaser is to be perforated or solid, at the discretion of Tract 3 owner. If tile is installed, an access easement will be given to the same parties for future maintenance and repairs.

Tract 3:

TILE ACKNOWLEDGMENT AND EASEMENT. The Purchaser acknowledges that there is currently drain tile installed in Tracts 1 and 4 and a waterway in Tract 3. The Purchaser(s) of Tract 3 at closing will be required to grant an easement to the Purchaser of Tract 1 and Tract 2 to allow access to Tract 3 and to the outlet into waterway onto Tract 3. The Purchaser(s) of Tract 3 at closing will be required to grant an easement to the Purchaser of Tract 4 to allow access to Tract 3 for the current tile line outletting onto Tract 3 for maintenance, repairs, etc. Any new tile installed by Purchaser is to be perforated or solid, at the discretion of Tract 3 owner. If tile is installed, an access easement will be given to the same parties for future maintenance and repairs.

Tract 4:

TILE ACKNOWLEDGMENT AND EASEMENT. The Purchaser acknowledges that there is currently 6,210 feet of drain tile installed in Tract 4 and a waterway in Tract 3. The Purchaser(s) of Tract 3 at closing will be required to grant an easement to the Purchaser of Tract 4 to allow access onto Tract 3 for the current tile line outletting on to Tract 3 for maintenance, repairs, etc. If tile is installed, an access easement will be given to the same parties for future maintenance and repairs.