Auction Items For Sale
+/-160 Acres of Highly Productive High Percentage Tillable Rutland Township Lake County SD Land
We will offer the following real property at auction at the land located from Rutland, SD – ½ mile south, 2 miles west on Co. Hwy. (228th St.), 3 miles south on Co. Hwy. (460th Ave.) and ½ mile east on 231st St.;
From Madison, SD (Subway Corner/4 Way Stop at the Jct. of Washington Ave. & NE 2nd St.) – 5 miles east on 233rd St., 2 miles north on 460th Ave. and ½ mile east on 231st St. to the SW corner of the land; from the Dakota Ethanol Plant on Hwy. #34 at Wentworth, SD – ½ mile west on Hwy. #34, 2 miles north on 462nd Ave., 2 miles north on 460th Ave. and ½ mile east on 231st St. – The Southeast Corner of the Land is at the Jct. of 461st Ave. & 231st St.
FRIDAY FEBRUARY 26, 2021 SALE TIME: 10:00 AM
AUCTIONEER’S NOTE: Due to the recent decision by the West Center Baptist Church of Madison, SD to conduct a capital campaign for the construction of a new church building, we will offer the following parcel of farmland at public auction. This auction presents the opportunity to purchase a high caliber parcel of Lake County, SD land that would make an excellent addition to a row crop farming operation or as an investment. If you are in the market for a choice parcel of land, then make plans to inspect this property and be in attendance at this auction!
This auction presents a great opportunity to purchase a productive parcel of Rutland Township Lake County, SD Land. This farm has high percentage of productive cropland and very good eye appeal. THIS PROPERTY WILL BE SOLD SUBJECT TO EXISTING CASH RENTAL LEASE FOR 2021, with the buyer to receive credit at closing for the cash rent, which has been seller enhanced to a rate of $250.00/Acre on 160 acres or $40,000.00. According to FSA information this farm has approx. 156.49 acres of cropland with an FSA 77.8 acre corn base with a 143 bu. PLC yield and a 77.8 acre soybean base with a 44 bu. PLC yield, with this farm enrolled under the ARC County election of the USDA farm program. The nontillable acres consist of a couple of small lowland pockets and roads. According to the Lake Co. Assessor this parcel has an Overall Soil Rating of .745, comparatively info. obtained from Surety Agri Data, Inc. indicates that this farm has an overall productivity index of 79. This property has a level to very gently rolling topography, with some low lying areas in the lowland and drainage areas. There has been an NRCS Certified Wetland Determination completed on this property, as prior to the decision to sell this property the owners had anticipated the installation of some drain tile on this land, although subsequent to the decision to sell this land the project was not implemented. The 2020 RE taxes payable in 2021 on this property are $3,422.76. This land is located in Rutland Township of Lake County, SD, which is a highly regarded agricultural area. This is a farm that could serve as an excellent addition to an area row crop farming operation and/or investment property and truly must be seen to be fully appreciated.
LEGAL DESC.: The SE¼ of Sec. 30, T. 107N. R. 51W., (Rutland Twp.), Lake Co., SD.
TERMS: Cash - A 10% nonrefundable earnest money payment on the day of the sale with the balance on or before April 15, 2021, with landlord’s possession for the 2021 crop year – with the buyer to receive the 2021 cash rents of $250.00 per acre or a total rental amount of $40,000.00 with 100% payable at closing, and full possession subsequent to the harvest of the 2021 crops. A Warranty Deed will be conveyed and owner’s title insurance provided with the cost divided 50-50 between the buyer and seller. All of the 2020 RE taxes payable in 2021 will be paid by the sellers, with the buyer(s) to be responsible for all of the 2021 RE taxes payable in 2022. This property will be sold based on the acres stated on the county tax records, with acres understood to be more or less. The seller does not warranty or guarantee that existing fences lie on the true & correct boundary and new fencing, if any, will be the responsibility of the purchaser pursuant to SD law. FSA yields, bases, payments or other info. is estimated and subject to County Committee approval. Information contained herein is deemed to be correct but is not guaranteed. This property is sold subject to existing easements, restrictions, reservations or highways of record, if any, and subject to Lake Co. Zoning Ordinances. The RE licensees in this transaction stipulate that they are acting as agents for the seller. Sold subject to confirmation of the owners.
Mark Your Calendars and Plan to be in Attendance at this Auction. To View Aerial Maps, Soils & Other Information, see www.suttonauction.com or contact the auctioneers with questions to make arrangements for phone/absentee bidding.
WEST CENTER STREET BAPTIST CHURCH – Madison, SD, Owner
CHUCK SUTTON - Auctioneer & Land Broker & JARED SUTTON - RE Auctioneer
- Sioux Falls, SD - ph. 605-336-6315 & Flandreau, SD – ph. 605-997-3777;
JARED SUTTON – RE Auctioneer & Broker Assoc. - Flandreau, SD - ph. 605-864-8527;
WAYNE BESSMAN – RE & Personal Property Auctioneer – Madison, SD – ph. 605-270-4980
& DEAN GULBRANSON – RE & Pers. Property Auctioneer – Madison, SD – ph. 605-695-0133