Hand County, SD Cropland, Acreage, & Potential Development Site For Sale
Location: Hand County, SD
Legal: Government Lots 1 and 2 of Sec.4-T112N-R68W; Tract 5 of Peterka’s Addition (Less a tract of land 300’x300’ in the Southwest Corner of the SW4NW4), The SE4NE4 (EXCEPT Lots H1 and H2) AND the NE4SE4 (EXCEPT Lot A and EXCEPT BW. Scherr DBA Scherr Imp., Inc., Subdivision, and EXCEPT Lots H1 and H2), Tract 4 of Peterka’s Addition, and Tract 2 of Peterka’s Addition, all in Sec.3-T112N-R68W, Miller Twp, Hand County, South Dakota.
Owners: Northfork Ranch, LLC.
TRACTS 1, 2, 3 SOLD!!!
The cropland is under lease expiring March 1st, 2023. Seller will provide a Buyer Credit totaling $33,500 at closing for being unable to farm or rent the cropland in 2022, which includes Tracts 1, 2, 3, & 5. see tracts for breakout. Possession on the cropland of Tracts 1, 2, 3, & 5 to take place on March 1st, 2023. Possession of Tract 4 & the bare lot of Tract 5 will be given at Closing. Buyer to assume the written month-to-month lease on the Tract 4 acreage site, with the security deposit to be credited to buyer at closing. The kitchen appliances (refrigerator, range, over-range microwave, & dishwasher) and the fuel tanks next to the pole shed are to be sold with Tract 4. The washer, dryer, & portable shed next to the house are not included in the sale of Tract 4. There will be a water easement signed at closing regarding Tracts 4 & 5. Tract 2 purchaser to assume all CRP contracts and receive payments 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 2021 RE Taxes due and payable in 2022 will be paid by the seller. The 2022 RE Taxes due and payable in 2023 will be split 50/50 between the buyer and the seller, as a credit to the buyer at closing based on the most current tax information available. 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 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 Zoning Ordinances. Preliminary plats have been completed and will be provided. The RE licensees in this transaction stipulate that they are acting as agents for the seller. This is a cash sale. Property is sold as is. Not responsible for accidents.