Auction Location: Kennebec Fire Department, 219 S Main, Kennebec, SD
Owner: John J. and Diann L. Delaney
Auctioneers Note: We are pleased to offer this well-located, diversified property at auction for John Jack & Diann Delaney. Rarely does the opportunity arise to come to a single auction and bid on a nice acreage/home site, CRP property with excellent income & hunting and a large tillable tract with additional forage acres! The property is a great opportunity to add significant acres of quality land to many buyers portfolios from a wide variety of purchasers. Come prepared to buy! Remember...Only at Auction!
Property tours and open house will be available Thursday, October 25 from 5-7 pm.
Legal Descriptions:
Tract 1: Northeast Quarter (NE ) Southeast Quarter (SE ), Except Lot H-1, of Section Thirty (30), Township One Hundred Seven North (T107N), Range Seventy-five West (R7...
Tract 1: Northeast Quarter (NE ) Southeast Quarter (SE ), Except Lot H-1, of Section Thirty (30), Township One Hundred Seven North (T107N), Range Seventy-five West (R75W) of the 5th PM, Lyman County, SD. 38.96 +/- acres. This easily accessed tract includes 25 +/- acres under cultivation, 5.5 +/- acres of trees and the balance being building site, hay land and ROW. The overall productivity index is 53. The property also features a 1512 square foot modular home constructed in 1995. The main floor includes three bedrooms, two bathrooms, large kitchen and dining room. The home also includes a full, poured basement with three non-conforming bedrooms, one-and-one half bathrooms, game room, utility room and work room. The detached 30 x 35 metal Quonset building-with concrete floor-complements the property very well. Tract 1 is presently served by Lower Brule Rural Water and West Central Electric. This tract is well-suited to the buyer looking for a rural residence, hunting/fishing getaway or home site for existing farm/ranch employees or family members. With the location just off SD Highway 273 and only eight miles north of Kennebec, this one is a RARE find!
Taxes: TBD
Tract 2: Northwest Quarter (NW ) Southeast Quarter (SE ) and South Half (S ) Southeast Quarter (SE ), Except Lot H-1, of Section Thirty (30), Township One Hundred Seven North (T107N), Range Seventy-five West (R75W) of the 5th PM, Lyman County, SD. 118.95 +/- acres. Tract 2 is easily accessed along the south boundary by county gravel road and SD Hwy 273 for a quarter mile on the east side. The property includes approximately 90 +/- acres under cultivation, 25 +/- acres of hay/forage and the balance in grass waterways & ROW. Tract 2 features a productivity index of 58.
Taxes: TBD.
Tract 3: The combination of Tracts 1 & 2. 157.91 +/- Acres. This tract is appropriately called the home place. Combining tracts 1 & 2 gives the buyer a unique opportunity to own a diverse tract of land with the existing home and building site. The options for the combined property are limitless. Overall productivity index is 57. The property will be sold in the manner that generates the most revenue for the seller.
RE Taxes: $2259.42 (2017)
Tract 4: North Half (N ) of Section Twenty-seven (27), Township One Hundred Seven North (T107N), Range Seventy-five West (R75W) of the 5th PM, Lyman County, SD. 320 +/- acres. Tract 4 is an unimproved half section consisting of 251 +/- acres under cultivation with the balance, 69 +/- acres, in hay/forage production. The property has a dam in the northeast corner of the tract and Lower Brule Rural Water is available along the southeast portion. Tract 4 productivity index is 28.
RE Taxes: $844.06 (2017)
Tract 5: Lots One (1) and Two (2) and the South half of the Southeast Quarter (S 1/2 SE 1/4), except Lot H-1; Lots Three (3), Four (4) and Five (5) and the Southeast Quarter of the Southwest Quarter (SE 1/4 SW 1/4) of Section Six (6); Lots One (1) and Two (2) and the East Half of the Northwest Quarter (E 1/2 NW 1/4) of Section Seven (7) all in Township One Hundred Six North (T106N), Range Seventy-five West (R75W) of the 5th P.M. Lyman County, South Dakota. 459.70 +/- acres. The three quarters making up Tract 5 are all enrolled in the Conservation Reserve Program (CRP). 273 acres receiving an annual payment of $15,386 ($56.35/acre) expire 9/30/2022. 189.04 acres receiving an annual payment of $12,509 ($66.17/acre) expire 9/30/2029. Sportsmen and investors take note of the potential to have a large hunting tract that produces an excellent income!
R.E. Taxes: $2145.94 (2017)
Terms: A 15% non-refundable earnest money deposit along with a signed purchase agreement will be required the day of the auction. The balance of the purchase price will be due in full, certified funds at closing on or before December 10, 2018 at Titles of Dakota, Kennebec, SD. The Seller will pay 2017 R.E. taxes due and payable in 2018. Buyer is responsible for subsequent R.E. taxes. Title Insurance and closing service fee will be divided equally between Buyer and Seller. Information on this property was obtained from the Lyman County governmental offices, USDA Farm Service Agency and USDA Natural Resources Conservation Service. This information is deemed reliable but is not guaranteed by the Seller or Peterson Land & Auction LLC who is representing the Seller only in this transaction. Property will be sold subject to seller confirmation. No buyer contingencies of any kind are offered nor will any be accepted. Please have financial arrangements secured prior to bidding. The property will be sold in As-is condition-No warranty is made as to property boundaries, soil productivity, water supply or environmental hazards. Please inspect the property to the extent deemed necessary and rely on your own judgment when bidding. Do your own research both onsite and offsite. Announcements made day of auction take precedence over printed material or prior representations.
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