520+/- Acres Tripp County, South Dakota
Selling in 2 Tracts On Our
UNRESERVED ONLINE AUCTION
August 3, 2023
Bidding opens July 20, 2023 and ends August 3, 2023 at 11:00 a.m. CDT
Tract 1:
Description: Tract 1 has 240+/- acres. There are 40.67+/- acres of tillable land (planted to corn), 25.57+/- acres of alfalfa, and the balance in grass, trees, cattle lots, and homestead. Located on this tract are two wells, three pipeline tire tanks, two waterers and several hydrants, several outbuildings, and a 1,400 square foot home. All accessible by county road.
Additional Description: The tillable acres in both tracts are planted to corn, sprayed and fertilized. The cost of the corn crop insurance will be an item paid by the buyer at closing (they will already be paying for planting, fertilizer and spraying). The full corn crop will go to the buyer with the cost of planting, fertilizer and spraying to be paid by the buyer at closing. The alfalfa acres in both tracts will be harvested when appropriate, the sellers share of the baled alfalfa will be included with the purchase. The buyer will pay for 40% of the cost of spraying for weevils on the alfalfa acres and will receive the 40% sellers crop share of the harvested alfalfa. None of the grass hay or grazing acres will be used before closing and use of the grass acres will transfer at closing. There are several well-established shelterbelts for cattle protection and game habitat. The tracts both have excellent hunting potential and are in one of the premier hunting areas in the Midwest.
The bidding increments will be $50/acre. The final sale price will be calculated based on total acres times the highest bid. Real Estate Agent reserves the right to adjust bidding increments.
Plan to Attend the Informational Meeting & Auction:
Colome Volunteer Fire Department, Meeting Room
100 Firemen’s Dr
Colome, SD 57528
BigIron Realty Agents will be at Colome Volunteer Fire Department in Colome, SD, on August 3, 2023, from 9:00 a.m. until the conclusion of the online auction. Please come during the times scheduled to discuss the farm. 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 farm for 14 days beginning July20, 2023, and ending August 3, 2023, at 11:00 a.m. CDT. This unreserved online auction features bidding extensions. The closing times will be automatically extended when any one of the coupled tracts receives a bid in the last 5minutes and will close simultaneously when none of the tracts receive a bid for5 minutes. This will allow bidders to monitor each tract without the fear of missing out on any other tract. 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: SE1/4;E1/2 SW1/4, 5-95-74
2022 Taxes: $1,916.58
Land Location: 6 miles east of Colome, SD on Hwy 18, 11.6miles south on 329th Ave, 1 mile west on 299th St to southeast corner of tract.
Title Services: Dakota/Tripp-Todd Title Company, Winner, SD
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. 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 September6, 2023. 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 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.