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20+/- Acres Lake County, South Dakota
Acreage Auction
Selling On Our
UNRESERVED ONLINE AUCTION
July 25, 2024
Bidding opens July 11, 2024, and ends July 25, 2024, at 11:00 a.m. CDT
Description: This 20+/- acres has Hwy 36 and County Road 459 Avenue access. The acres are planted to grass hay and are suitable for a horse property, farm acres or a nice building site. There is rural water from the Kingsbrook Water System and power from Sioux Valley Energy on the north and west boundaries. There is established housing eligibility on this tract, ITC Tel fiber optic service is available. This property is located 40-45 minutes to Sioux Falls and Brookings, South Dakota, and many state parks and lakes close by.
The bidding increments will be $1,000 per bid on the total 20 Acre tract NOT per acre. Real Estate Agent reserves the right to adjust bidding increments.
Plan to Attend the Informational Meeting & Auction:
First Premier Bank
202 NW 2nd St.
Madison, SD 57042
BigIron Realty Agents will be at the first Premier Bank in Madison, SD, on July 25, 2024, from 9:00 a.m. until the conclusion of the online auction. Please come during the times scheduled to discuss the property. BigIron Realty Representatives will be there to assist buyers with registering to bid online. You do not have to be present to bid online, but you are required to be available by phone.
BIDDING PROCESS: You may place bids on this property for 14 days beginning July 11, 2024, and ending July 25, 2024, at 11:00 a.m. CDT. This unreserved online auction features bidding extensions. The closing time will be automatically extended when a bid is received in the last 5 minutes and will close when there is no bid for 5 minutes. NOTE: Do not wait until the day the auction closes to register to bid online. All bidders must be approved to bid, so register at least 24 hours prior to the auction close or call 800-887-8625 for assistance.
Legal Description: Lot 2, Yunker Add, in NE ¼ Sec 11-106-52, Lake County, SD.
2023 Taxes: $1,592.50
Address: 45887 233 St., Wentworth, SD 57075
Owner: Owen Yunker
Title Company: Webster Abstract, Madison, SD
For more information, contact listing agent:
Brad Otte (605) 685-5716
Terms: The successful buyer will be required to enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment to be payable to the Title Company, Weber Abstract. The earnest deposit can be made by a personal check, company check, or by wire transfer. The balance will be due at closing on or before August 30, 2024. The seller will provide marketable title to the buyer evidenced by title insurance; the title insurance and owners’ policy premium will be paid by the seller, and lender fees will be paid by the buyer. The 2023 real estate taxes will be paid by the seller and the 2024 taxes will be prorated to the day of closing. Property will not be sold subject to financing. Bidding increments maybe changed at the discretion of the Real Estate Agent. Please have all financial arrangements made prior to the auction. The written purchase agreement, to be signed by the seller and buyer after the auction, is the sole and controlling document of this sale and supersedes any and all other terms whether verbal, written, expressed or implied and shall be the sole and controlling document for this real estate transaction. BigIron Realty is working for the seller.
Location
Terms
The successful buyer will be required to enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment to be payable to the Title Company, Weber Abstract. The earnest deposit can be made by a personal check, company check, or by wire transfer. The balance will be due at closing on or before August 30, 2024. The seller will provide marketable title to the buyer evidenced by title insurance; the title insurance and owners’ policy premium will be paid by the seller, and lender fees will be paid by the buyer. The 2023 real estate taxes will be paid by the seller and the 2024 taxes will be prorated to the day of closing. Property will not be sold subject to financing. Bidding increments may be changed at the discretion of the Real Estate Agent. Please have all financial arrangements made prior to the auction. The written purchase agreement, to be signed by the seller and buyer after the auction, is the sole and controlling document of this sale and supersedes any and all other terms whether verbal, written, expressed or implied and shall be the sole and controlling document for this real estate transaction. BigIron Realty is working for the seller.