104 N 1st Ave - Reliance, SD - Home, Lot & Interior Contents

Here is your next project! This three-bedroom, two-bathroom home is just right for contractors, handymen, DIYers or investors looking to roll up their sleeves and add some value.

Three bedrooms and two bathrooms along with a sizable main floor living and dining spaces will be attractive to many prospects.   Major work is needed with leveling the house, repairing roof leaks, mold remediation and other repairs.  This house has some issues, but with the right vision, it has potential. Not only that, but all the contents will also sell with the home and real estate.  Furniture, collectibles and many other items already boxed up when the property was turned over to us are included in the sale. Type of Sale: CASH. Limited financing options will be available for this property.   Please be prepared with appropriate funding.  

Legal Description: Lot 15 & South ½ of Lot 16 Block 1 Reliance Town, Reliance, Lyman County, South Dakota.

Lot Size: 75ft x 150ft

Owner: Nancy Buchanan Estate

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.  Potential bidders with no prior business or purchase history with the auction company shall be subject to the following:  Each party must provide auction company with ONE of the following:  1) A bank issued pre-approval letter stating the buyer is approved up to the respective bidder maximum.   2) A bank/financial services company issued letter stating the buyer has cash and/or line of credit available up to the respective bidder maximum. 

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

4.  Buyer shall deposit $5000 (Five 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 December 17, 2025 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 Personal Representative's Deed.  Owners title insurance will be provided with the cost divided equally between buyer and seller.

9.  Seller is not aware of any boundary issues.  

10.  2025 Real Estate taxes due and payable in 2026 shall be pro-rated to the date of closing based on the most current county information.  

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

12. No Buyer Premium on this auction.

13. 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.

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