Tract 2: SE ¼ Except .5 acre Section 28-T102N-R70W of the 5th PM, Brule County, SD. 164.5 acres.
This tract features 140.81 +/- acres under cultivation, 11.20 +/- acres of hay & grass waterways/creek, 1.91 +/- acre shelterbelt, and the balance in ROW. This two is an excellent parcel in terms of soil quality with an overall productivity index of 83.8. Located on the east side is an Aurora-Brule Rural Water pasture tap and tire tank perfect for grazing corn stalks and/or winter feeding! Crop production, crop residue grazing, winter livestock feeding, and wildlife habitat are all possible here! The property is bordered by county gravel roads on the east and south boundaries.
NOTE: The ½ acre in the southeast corner of the property-directly west of Ola Hall- is not owned by Blain Bairey, therefore is not included in the sale.
R.E. Taxes: $2523.32 (2023)
There are no bids for the lot at this time
May 29, 2024 - 11 am
Auction Location: AmericInn Chamberlain Conference Center, 1981 E King St, Chamberlain, SD
Live Auction with Internet Bidding Available on www.PLAbid.com
We are pleased to bring 324.5 acres of Brule County, Ola Township, SD land to the market at public auction! This auction represents two powerful tracts of agricultural land in an area where land is closely held and is rarely offered for sale. From an agricultural standpoint, Tract 1 is likely the highest quality farmland we’ve ever offered in Brule County. Tract 2 seems a perfect fit for the diversified operator with outstanding cropland, hayland, a fantastic mature shelterbelt and stand-alone rural water! The land is well-located approximately 10 miles south of Pukwana, SD, and is only 2.5 miles off the highway and bordered by good gravel roads. The property is leased for 2024. Inspect the property on your own - from the roads. Contact our office with any questions. Remember...only at auction!
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Qualifying to Bid: 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.
Contract & Deposit: Buyer and Seller agree to execute a written purchase agreement at the conclusion of the auction. Non-refundable deposits in the amount of 15% (Fifteen Percent) of the final selling price shall be tendered by the purchaser at time of purchase agreement execution. The deposit will be held in the trust account at Brule County Abstract/Lyman County Title where it will be held until closing and applied to the respective purchaser’s purchase price.
Type of Sale: Cash. No Buyer contingencies of any kind are offered, nor will any be accepted. These include but are not limited to financing, appraisal, and inspections. 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 shall be forfeited. Each potential bidder shall be responsible for conducting, at their own risk, independent inspections, inquiries, and due diligence concerning the property. Property will be sold subject to confirmation of the seller.
Warranty: Seller makes no warranty whatsoever about the property and specifically disclaims all warranties of fitness for a particular purpose or any warranty. Property sells in AS-IS condition.
Survey: Property is being sold by legal description only. Should purchaser elect to have a survey completed it will be at the expense of the purchaser. In the event of any acreage discrepancy, the final contract price will not be adjusted to reflect any difference between the advertised acres and surveyed acres.
Closing/Possession: Closing date shall be on or before July 8, 2024 at Brule County Abstract, Chamberlain, SD. The closing fee shall be divided equally between the buyer and seller. Possession shall be granted March 1, 2025-subject to the existing oral lease agreement.
Seller will credit the Buyer-at closing-for the first half 2024 land rental payment. The credit paid for Tract 1 is $12,137. The credit paid for Tract 2 is $9754.00. Buyer is responsible for collecting the second half 2024 land rental payment from the current tenant. The second half 2024 land rental payment is due November 15, 2024.
Title: Insurable title shall be conveyed by Warranty Deed. Owners title insurance will be provided with the cost divided equally between buyer and seller.
Taxes: 2023 Real Estate taxes due and payable in 2024 shall be paid by the seller. 2024 taxes due and payable in 2025 shall be paid by the buyer.
Agency: Chisum E. Peterson, Broker and Peterson Land & Auction LLC, Brokerage Firm, represent the Seller Only in this transaction.
Chamberlain, South Dakota 57325
United States
Not applicable