A 7% Buyer's Premium will be added to the final Sales Price. All applicable taxes will be assessed based on the sum of the sales price and buyer's premium.
Closing and possession to take place on or before December 6th, 2023. Purchaser acknowledges that the existing 2023 crop belongs to the Seller. In the event that Seller's existing crop is not harvested prior to the time of closing, Purchaser will allow Seller access to the property until such time as harvested is completed or spring 2024 planting begins, whichever occurs first. 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 completed 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 between the buyer and seller. The 2022 RE Taxes due and payable in 2023 will be paid by the seller. The 2023 RE Taxes due and payable in 2024 will be paid by 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 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 Faulk County Zoning Ordinances. A survey/plat will not be provided and will be the buyers responsibility if needed or requested. 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 a 5% buyer premium. This sale is subject to Seller Confirmation. Not responsible for accidents.
Location from Onaka, SD: From Onaka, head West out of town for 2 miles to 332nd Avenue. Turn Left (South) for .5 miles and the property begins on the Right side of the road.
Location from Tolstoy, SD: From Tolstoy, head South to SD HWY 20 and turn Left (East). Head on HWY 20 for 5 miles and turn Right (South) onto 332nd Avenue for .5 miles and the property begins on the Right side of the road.
· Nearly 140+/- Acres of Class II dirt w/ 80.9% PI
· 146.87 FSA Cropland Acres
· Excellent Eye Appeal with Recreational Advantages
· Productivity Index of Entire Parcel is 76.5% PI
If you’re looking to build your investment portfolio with good dirt in a convenient setting, this is without a doubt a property you want to check out! Located in the agricultural rich community between Tolstoy and Onaka, South Dakota, Advantage Land Co. proudly presents this well-stewarded cropland, choice soils, gently rolling slopes, and a high percentage tillable, convenient for any modern-day farmer. This farm offers 139.42+/- acres of Class II soils that pack a heavy punch at a 80.9% PI rating with a majority of a class II Williams-Bowbells loams. FSA reports this land at 146.87 total cropland acres with 123.9 base acres, broke out to 61.93 acre soybean base with a 33 PLC yield, 30.99 acre corn base with a 107 bu PLC yield, and 30.98 acre wheat base with a 62 bu PLC yield. Outlined with open water, and cattail sloughs with seclusion for upland game, waterfowl and whitetail deer, this land provides a great setting for operators and outdoorsmen alike. If you’re looking for quality dirt in a strong production area of Faulk County, South Dakota, take Advantage of this opportunity and add this to your investment portfolio!