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546.52+/- Acres Bennett County, South Dakota
Selling in 3 Tracts On Our
UNRESERVED ONLINE AUCTION
March 25, 2025
Bidding opens March 11, 2025, and ends March 25, 2025, at 11:00 a.m. Mountain
Tract 2: 147.57+/- Acres
Description: This tract is 147.57 acres of prime crop land. This tract is nearly level with no lake beds. Soils include Dawes-Richfield Silt Loam, Goshen Silt Loam and Keith-Rosebud Silt Loam. Productivity of the crop acres is rated at .844. The farm is 17 miles west and 2 miles north of Martin, SD. Grain can be delivered 8 miles away in Swett, SD. There is county road access to the farm.
The bidding increments will be $50/acre; the final bid will be the acres times the highest bid. The Real Estate Agent reserves the right to adjust bidding increments.
Plan to Attend the Informational Meeting & Auction:
Crossroads Inn
102 1st Avenue
Martin, SD 57551
BigIron Realty Agents will be at the Crossroads Inn on March 25, 2025, 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 March 11, 2025, and ending March 25, 2025, at 11:00 a.m. Mountain. 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: SE ΒΌ Section 5-37N-40W Bennett County, SD, containing 147.57+/- acres.
2023 Taxes: $1,229.26
Location: 17 miles west and 2 miles north of Martin, SD.
Owner: Eric and Kasey Peil
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 First American Title, Rapid City, SD. 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 April 25, 2025. The seller will provide marketable title to the buyer evidenced by title insurance; the title insurance and closing costs will be split between the seller and buyer. The 2024 real estate taxes will be paid by the seller and the 2025 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.
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Terms
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 First American Title, Rapid City, SD. 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 April 25, 2025. The seller will provide marketable title to the buyer evidenced by title insurance; the title insurance and closing costs will be split between the seller and buyer. The 2024 real estate taxes will be paid by the seller and the 2025 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.