46.11 Acres - Brule County, SD - Peterson Land & Auction LLC
46.11 Acres - Brule County, SD
Start Time:12/8/2022 5:00:00 PM
Bid Count:51
Winning Bidder:e****m
Starting Bid:$2,500.00
Bid Increment:$100.00
Current Bid:$6,050.00x 46= $278,300.00
Bidding complete

Legal: The North 1522 feet of Lot A of L.J. Ranch First Addition, a Subdivision of the East ½ of Section 17-T104N-R69W of the 5th PM, Brule County, SD. 46.11 +/- acres.   Outstanding, nearly all tillable, easily accessed piece of property that features 43 +/- acres under cultivation.  The entire tract boasts a 70 productivity index. Gravel road access along the east boundary on 354th Ave. 

RE Taxes: TBD

No donations for this lot

All potential bidders will need to be approved by the Auction Company prior to bidding using the following requirements/terms.

All prospective purchasers that have no prior real estate purchase/business history with Peterson Land & Auction LLC shall be required to submit a letter of credit/guarantee or proof of funds from an FDIC insured lending institution or financial services company prior to being approved to bid.  Peterson Land & Auction LLC and the Seller shall have absolute discretion and authority to qualify or not qualify potential bidders.  If you have any question as to your ability to bid, contact our office in advance of the auction.

1.  Each party must register with their full legal name, current mailing address, telephone number and email address.

2.  Buyer and Seller agree to execute a written purchase agreement within 24 hours of auction closing.

3.  Non-refundable deposits in the amount of $10,000 (Ten Thousand dollars) shall be tendered by the purchaser at time of purchase agreement execution.

4.  No Buyer contingencies of any kind are offered, nor will any be accepted.  These include but are not limited to appraisal, financing, home inspection & home sale.  Potential buyers are expected to have their financial arrangements secured prior to bidding.  Buyers who are unable to close because of insufficient funds will be in default and the earnest money will be forfeited.

5.  Property Inspection:  Each potential bidder shall be responsible for conducting, at their own risk, independent inspections, inquiries and due diligence concerning the property.  Each potential bidder shall be liable for any property damage caused by any such inspections or investigations.  Seller makes no warranty whatsoever about the property and specifically disclaims all warranties of fitness for a particular purpose or or any warranty of habitability.  Property sells in AS-IS condition.  

6.  Closing & possession date shall be on or before January 17, 2023 at Titles of Dakota, Chamberlain, SD.  The closing fee shall be divided equally between the buyer and seller.  

7.  Merchantable title shall be conveyed by Warranty Deed.  Owner's title insurance will be provided with the cost divided equally between buyer and seller.

8.  Property sold by legal description only.  Property has been surveyed and boundary corners are staked. Seller is not aware of any boundary issues.  

9.  2022 Real Estate taxes due and payable in 2023 will be paid by the Seller.  2023 Real Estate taxes due and payable in 2024 shall be pro-rated to the date of closing based on the most current county information.  

10.  Chisum E. Peterson, Broker and Peterson Land & Auction LLC, Brokerage Firm, represent the Seller Only in this transaction.  

11. No Buyer's Premium on this auction.

12. The laws of the State of South Dakota governs this agreement. Any dispute arising from the terms of this auction shall be brought in a court of Brule County, South Dakota.

Pukwana, South Dakota 57370
United States
Auction Documents:

Peterson Land & Auction LLC is pleased to bring this choice parcel of Brule County, SD land to public auction!   Smaller farm acreage properties are hard to find and this one checks a lot of boxes.  Located approximately five miles northeast of Pukwana, SD, the property is presently used as an agricultural farming tract.  The potential exists for a rural home or building site as utilities are near the southern boundary of the property.  This auction presents a great opportunity for farm & ranch operations-big or small, investors, outdoor enthusiasts and more! Inspect the property at your convenience from the road along the property boundaries.  Come prepared to BUY!

Owner: Bruce & Carol Lake