$664,436.50
Frederick, SD 57441
MLS# 16-677
Status: Closed
1 / 30
Property Description
BROWN COUNTY LAND AUCTION THURSDAY, OCTOBER 13, 2016 at 11:00am Palmyra Twp. Brown County, SD - Outstanding opportunity to purchase 223.34 acres. Currently grass and trees but potential to till or plant food plots on a large area. This premier property is a large peninsula located on the north end of Elm Lake. Land Preview - Sat. Sept. 3, 2016 - 1:00pm to 2:30pm. Broker will be on site.
Details
Maps
Documents
Contract Information
Auction Date: 10/13/16
Current Price: $664,436.50
General Property Description
Terms: see supplement
Garage Type: Att
Lot Acres: 223.34
Location, Legal & Tax
House Number: 10051
Street Name: 376th
Street Sfx: Avenue
State/Province: SD
Postal Code: 57441
Area: Rural Acreage
Country: US
County: Brown
Geo Lat: 45.931733
Geo Lon: -98.683747
Legal: See Auction Flyer
Taxes: 2350.14
Tax Year: 2015
Status Change Info
Sold Date: 2016-10-28
Sold Price: $664,436.50
Status: Closed
Member and Office Information
Buyer: Western Reserve LLC
Buyer Broker Compensation: 1
Buyer Broker Compensation Type: %
Property Features
Documents: Auction Info Packet
Supplements
Legal Description: Lots 1,2 & 3 in Loucks Subdivision, in the SW1/4 of Section 4, SE1/4 of Section 5, and NE1/4 of Section 8 all in T128N-R65W of the 5th P.M., Brown County, South Dakota
Owner: Dacotah Bank, Trustee of the Norma Jean Loucks Revocable Trust
THURSDAY, OCTOBER 13, 2016 – 11:00am
Auction Location: Elm Lake Resort - 37594 102ND ST. Frederick, SD. From Frederick, SD: 4 miles west on Brown County Hwy 5, 5 miles north on Brown County Hwy 6 & 4 miles west on Brown County Hwy 3A. From Forbes, ND: 3 ¾ miles east on State Line Road, 2 miles south on 375th Ave. & 1 mile east on Brown County 3A.
Palmyra Twp. – Brown County, SD - Outstanding opportunity to purchase 223.34 acres. Currently grass and trees but potential to till or plant food plots on a large area. This premier property is a large peninsula located at the north end of Elm Lake. It has 6000' +/- of frontage on Elm Lake & 5600' +/- of frontage on Elm Creek. Truly a unique parcel with multiple tree groves with pine, cedar, olive and other species of trees. Excellent potential for a private get away to build a dream home and have room for hunting and recreation. It is truly a one of a kind in this region. The property is located in an excellent hunting area for pheasants, waterfowl and deer. Currently has CRP contract for 74.4 acres with a $62.33 per acre payment that expires 9/30/16 and CRP contract for 32.4 acres with a $57.80 per acre payment that expires 9/30/19.
Property Location: From Forbes, ND – 4 ¼ miles east on State Line Road & ½ mile south on dirt trail. From Intersection of US Hwy 281 & State Line Road – 8 ¼ miles west on State Line Road & ½ mile south on dirt trail.
Offered @ 223.34 Acres x $____________ per acre
TERMS & CONDITIONS: Successful bidder will deposit 5% irrevocable earnest money down day of sale with balance due in certified funds upon closing, on or before November 14, 2016. Purchaser will receive immediate possession upon closing. Property is selling without Purchaser contingency of any kind, have financial arrangements secured prior to bidding. Marketable Title will be conveyed and owner's title insurance will be provided with the cost of the owner's policy shared equally between the Purchaser & Seller. Clark Title Company will be the closing agent and their closing service fee will be split equally between Purchaser and Seller. Seller is responsible for the 2015 real estate taxes payable in 2016. The 2016 real estate taxes payable in 2017 will be pro-rated to day of closing. The Sellers do not guarantee that existing fences lie on the true and correct boundary. FSA yields, bases, payments, acres & other information is estimated and not guaranteed and are subject to County Committee Approval. Seller will convey to the Buyer all of his oil, gas and mineral rights related to the Property. Seller makes no representation, and does not warrant the nature and extent of such interests. The property is sold subject to existing easements, zoning restrictions, reservations or highways of record, if any. Information contained herein is deemed to be correct but is not guaranteed. Verbal announcements made day of sale shall take precedence over promotion advertisements. Thorpe Realty & Auction is representing the Seller exclusively.
Listing Office: THORPE REALTY & AUCTION INC
Last Updated: June - 06 - 2018
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.