1,440 +/- Acres in Mellette & Jackson Counties in South Dakota
Selling in 5 Tracts At
UNRESERVED ONLINE AUCTION
Thursday, March 7, 2019
Bidding opens February 21st and ends March 7th at 11:00AM
This land lays gently rolling to rolling. It is bordered by roads on the south and west side.
Plan to Attend the Informational Meeting:
Crossroads Inn Motel
102 US-18
Martin, SD 57551
BigIron Realty Agents will be available at the Crossroads Inn Motel meeting room in Martin, South Dakota, on Wednesday, March 6, 2019, from 3:00 p.m. until 6:00 p.m. and on Thursday, March 7, 2019, from 8:00 a.m. until the conclusion of the online auction. Please come to receive assistance with registering to bid online or to answer any questions. 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 February 21, 2019, and ending March 7, 2019, at 11:00AM. This unreserved online auction features bidding extensions. If a bid on any one of the 5 Tracts is received within five minutes of the scheduled close time, the bidding period is automatically extended to five minutes on all 5 Tracts. This will continue until there is a five-minute period where no bids are placed on any one of the 5 Tracts. 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: Lots 3, 6, 7, W ½ of the W ½ of Section 22, Township 41, Range 33 West, Jackson County, South Dakota, consisting of 307.91+/- acres and Lots 2, 3, 6, 7, E ½ of the W ½, W ½ of the SW ¼ and the NW ¼ of the NW ¼ of Section 27, Township 41 North, Range 33 West, Jackson County, South Dakota, consisting of 356.44+/- acres. Total acres in Tract #5 equals 664.35 +/- acres
2018 Taxes: $2,803.38
Land Location: The Jackson County (Letellier Land) 664.35 acre dry cropland tract is located from Norris, South Dakota: 1 mile north and then 2 miles west on the north side minimum maintenance road.
Owner: Farm Credit Services
Title Company: Rosebud& Platte Title Co.
PO Box 352, Gregory, SD
For more information, contact listing agents:
Ron Stock 402-649-3705 or John Buhl 402-649-3750
On Tracts 1 thru 5 - The previous owner of the property has the right to purchase the property at the auction pursuant to the terms outlined below. Contact the listing agents for more information.
Terms: The successful buyer on each tract will be required to enter into a written purchase agreement immediately after the sale with a 15 %non-refundable down payment on each tract to be payable to Rosebud & Platte Title Co. 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 7, 2019. Seller will provide marketable title to the buyer evidenced by title insurance; the title insurance and closing costs are split 50/50 between the buyer and seller. The 2018 real estate taxes will be paid by the Seller, and the 2019 Real Estate Taxes will be paid by the Buyer. The properties will not be sold subject to financing. Please have all financial arrangements made prior to the auction. The written purchase agreement on each tract,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.
