June 16, 2022 10:30 am

46.50+/- Acres of Lincoln County, SD, Land with Building Eligibility. Land sold for $9,000 per acre!

Perry Township

Owners: Michael & Joanie Smith and Ronnie L. & Dawn E. Smith

27888 468th Ave. Lennox, SD 57039

We will sell the following real estate at public auction at the landsite.  From the football field (Intersection of HWY 44 and HWY 17) in Lennox, SD, 2 miles east on 279th street.  From the Parker exit (Exit 68) on I-29 go west 1 ½ miles on County RD 116, 3 miles south on 469th Avenue, ½ mile west on 279th street.

Auctioneers Note:  This land is located just east of Lennox, SD, and offers a great opportunity to purchase your own piece of paradise.  The property features 1 housing eligibility and is located within a 15-minute drive of Sioux Falls.  If you enjoy the outdoors or hunting don’t miss this sale!  According to the FSA there is approximately 42.7 acres of cropland with 40 acres currently enrolled in CRP.  The CRP contract runs from 2019-2029.  Annual payment of $7,240 or $181/acre.  A certified wetland determination has been completed.  This parcel does contain some drain tile.  According to Surety/Agi-Data this tract has a productivity rating of 74.0 and a soil rating of .748.  Primary soils include Egan-Schindler complex 2-6% slopes and Chancellor-Tetonka complex 0-2 percent slopes.  Total taxes due in 2022: $977.04

Legal Description:  Approximately 46.5 acres located in C6 Tract S of RR in SW1/4 35-99-51 to be determined by survey.

TERMS:  15% nonrefundable down payment day of sale with the balance due at closing on or before July 22, 2022.  Possession of the land at closing.  Title insurance and closing costs split 50/50 between buyer and seller.  2021 taxes due in 2022 to be paid by the seller.  The new buyer to succeed to the existing CRP contract.  The land will be surveyed and paid for by the sellers.  The seller does not warranty or guarantee that the existing fences lie on the true and correct boundary and new fencing, if any, will be the responsibility of the purchaser pursuant to SD statutes.  Any lines on maps are for informational purposes only and are not guaranteed to be actual boundary lines of the property.  The property is sold in as-is condition and as a cash sale with no financing contingency.  Sold subject to existing easements, restrictions, reservations, or highway of record, if any.  Information is deemed to be correct but it is not guaranteed.  All prospective buyers are encouraged to inspect the property and verify all data provided.  Statements made the day of sale take precedence over all written advertising.  Real Estate licensees are agents for the seller.  Sold subject to confirmation of owner.