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

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

2.  Each party must provide auction company with ONE of the following:  1) A bank issued pre-approval letter stating the buyer is approved for the starting bid of at least $575,000 and up to the respective bidder's maximum.   2) A bank/financial services company issued letter stating the buyer has cash and/or line of credit available for the starting bid of at least $575,000 and up to the respective bidder's maximum. 

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

4.  Buyer shall deposit $20,000 (Twenty Thousand dollars) non-refundable earnest money at time of purchase agreement execution.

5.  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.

6.  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.  

7.  Closing & possession date shall be on or before July 31, 2023 at Brule County Abstract, Chamberlain, SD.  The closing fee shall be divided equally between the buyer and seller.  

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

9.  2022 Real Estate taxes due and payable in 2023 will be paid by the Seller at closing.  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.

Not applicable

Every once in a great while, a property comes on the market that takes your breath away for any number of reasons.  103 Spruce Street, Oacoma, SD is one of those homes.  And your breath will be taken away for MANY reasons!  First, the three most important words in real estate...Location, Location, Location.  For years we've fielded tons of inquiries for property "along the river" or "with a view".  Check!  Imagine mornings on the covered porch-in the sun-and afternoons on the same porch-in the shade-all the while enjoying the Missouri River in all it's majesty.  Situated just north of Cedar Shore Resort boat ramp this home will have you from the driveway to the dock in no time.  Careful thought and planning went into the design and build of this home.  Custom built by the current owner in 2000, the home features 2850 square feet of living space on the main floor.  A bright, spacious kitchen with attractive hickory cabinets opens up to the sprawling dining and living areas featuring pine tongue-and-groove vaulted ceilings, exposed beams, stone fireplace and windows from one end to the other!  The large master suite features a private bathroom, walk-in closet, a second closet and french doors to the year-round sunroom!  The sunroom also features windows on three sides and access to the covered porch and main floor living.  Main floor laundry and a half bath are located off the kitchen near a large entry area to the garage.  Did someone say garage?  Oh. My!  Two car stalls and a 34' boat stall comprise the finished, insulated and heated main garage.  But wait, there's more!  Attached to the west side of the main garage is a 17' x 25' finished & heated wood shop PLUS the 17' x 25' cold storage garage with it's own access door on the west side!  The 2630 square foot basement features a spacious living room, two large bedrooms, full bathroom, mechanical room and a finished craft/storage room with access to the raised crawl space storage area!  

Special, unique and rare are the top-of-mind words used to describe this beautiful property and all it offers.  Full time or part time really doesn't matter.  Either way, you will enjoy this home from the moment you come in!  If you're serious about a home "along the river," schedule a showing soon!  Bidding opens June 15 and closes June 22 at 6 pm CT.  

Click Here for Aerial Map!

Click the TERMS & DOCUMENTS for more information including printable property data sheet, HOA/Covenants info and property disclosure.