SD Land & Farm Site Auction - Advantage Land Co/ G3 Auction LLC

SD Land & Farm Site Auction

Auction DateAugust 12, 2021 - 11am

Auction Location: On-Site, 16059 W. Garfield, Lebanon, SD

Online Bidding Opens: August 10, 2021



Date of Auction

8/12/2021 - 11 AM



Legal: SE4 (Less and except railroad right of way and less and except highway), Tract 1 Simon Add'n S2NE4 Sec.6-T118N-R74W and Tract 2 Simon Add'n W2SW4 Sec.5-T118N-R74W, Roy Twp, Potter Co., SD

Owners: "Jack" & Shelly Kaup


Closing and possession to be on or before October 1, 2021. Possession for Tract 1 will transfer after harvest, continued upon closing. Hunting rights for Tract 1 will take place at closing. Closing date may be modified based on plat approval and timelines. This property is free and clear to farm or rent in 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 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. 2021 taxes due payable in 2022, will be paid by the seller as a credit to the purchaser at closing using 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 Potter County Zoning Ordinances. A survey will be completed in the event Tract 1 and Tract 2 are sold to separate buyers. The survey will be split three ways between the two buyers and the sellers. The purchase price will be adjusted to the surveyed acres on Tract 1 only. A plat has been completed on Tract 3 and will be provided to the buyer. 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 seller confirmation. Not responsible for accidents. Personal property will be removed prior to closing.