Closing to take place on or before October 15th, 2025. Full possession to be given at closing. Upon acceptance of the sale by the seller, a non-refundable earnest money deposit equal to 5% 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 2024 RE Taxes due and payable in 2025 will be paid by the seller. 2025 RE Taxes due and payable in 2026 will be prorated to the date of closing based on most current tax information available. 2026 RE taxes due and payable in 2027 and all future taxes will be the buyers responsibility. 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. No warranty is made or implied for the property boundaries, mineral rights owned, or water supply. Any mineral rights currently owned by the seller will pass to the buyer, however, the seller does not warranty or guarantee any. 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, including easements, restrictions, reservations, or highways of record, if any, as well as any or all Lake County Zoning Ordinances. The RE licensees in this transaction stipulate that they are acting as agents for the seller. A survey/plat will not be provided and will be the buyers responsibility if needed or requested. This is a cash sale. Property is sold “as is”. This sale is subject to Seller Confirmation. Announcements made day of sale take precedence over any written materials. Not responsible for accidents. Propane in the tank will transfer to the buyer at closing (value of approximately $600 as of August 2025); however, the propane tank is rented. Personal property noted in the Bill of Sale will be transferred to the new owners at closing.

Come enjoy the quietness of the countryside by making this 19± acre acreage your own! This 1,092 sqft ranch style home located 10 miles Northwest of Madison, SD, was built in 1960 with two bedrooms, one bath, main level laundry, an unfinished basement, and an attached 1,064 sqft, 3 car garage. Outbuildings include a 360 sqft detached one car garage and a 546 sqft granary. The balance of this quaint homestead in the country is made up of mainly hayland with FSA reporting 8.93 Cropland acres. This property is equipped with strong soils offering an 89% soil productivity, a mature tree belt along the West side of the property, and easy access from Co Hwy 45 (gravel). Be the one to take Advantage of such a unique offering with income potential on productive acres!

Legals:

The N. 1092’ of E 785’ of NE1/4 Section 7-T107N-R53W in Lake County, South Dakota.

Address:

22719 449^th Ave, Madison, SD 57042

Owners: Rodney E. Larsen Trust

Total Acres: 19.7± Total Taxes: $3,470.20

Directions From Madison, SD: Head West out of Madison, SD on US Hwy 81 for 5 miles. Turn right (North) onto 449^th Ave for 6 miles. The acreage is located on the West side of the road.

Directions From Romona, SD: Head South out of Ramona, SD on County Hwy 43 for ½ an mile. Turn left (West) onto 226^th St for ½ a mile. Turn left (South) on County Hwy 45 for 1 mile. The acreage is located on the West side of the road.

Snapshot:

10 Miles Northwest of Madison, South Dakota.
3 Car Garage, 2 Bed/1 Bath, Office.
89% Average Soil Productivity Index.
Open House: Tuesday, August 26^th, 3PM to 6PM.

19.7± Acres Lake Co, SD Acreage Auction