623.75 +/- Acres Lyman County, SD Land Auction
Arrowwood Resort at Cedar Shore - Oacoma, SD
Auction Location: Arrowwood Resort at Cedar Shore, 1500 Shoreline Dr, Oacoma, SD
Auctioneer’s Note: …Laurel & Geraldine Houchin were business owners and farmers in the Kennebec, SD area for many years. Due to their passing, the family has made the decision to liquidate their remaining agricultural property. This auction represents a nice chance to buy well-located property offered in four individual tracts and two combinations. The property is a great opportunity to add a large amount of productive, tillable land to many buyers’ portfolios from a wide variety of purchasers. Come prepared to buy! Subject to Prior Sale.
THANK YOU TO THE BUYERS, BIDDERS AND SPECTATORS THAT CAME OUT AND SUPPORTED THE AUCTION. TRACTS 1 & 2 SOLD FOR $2200 PER ACRE. TRACTS 3 & 4 SOLD FOR $1700 ACRE. THE ENTIRE 623.75 ACRES AVERAGED $1943 PER ACRE.
Property Location(s): Tracts 1 & 2; I-90 (Kennebec) Exit # 235 …One-half mile south on 315th Ave, property is located on East side of road. Tracts 3 & 4; I-90 (Kennebec) Exit #235…3 miles West on Hwy 248, 5 1/2 miles North on 312th Ave, 1.5 miles West on 236th St (minimum maintenance road-be cautious of road conditions), property is located on South side of road. Signs designate the property. Inspect the property on your own-from the road-or contact Auction Co. for private showing.
Northwest Quarter (NW ¼) less 3.03 acres road Section Twenty (20), Township One Hundred Five (105) North, Range Seventy-five (75), West of the 5th P.M. Lyman County, South Dakota. 156.97 +/- acres. Tract 1 consists of approximately 135.72 +/- acres under cultivation, 7.7 +/- acres in hay/forage production and the balance in waterways and ROW. Tract 1 features a 70 Productivity Index. There are no improvements in this tract. R.E. Taxes: $1194.04
Northeast Quarter (NE ¼) less 13.22 acres road Section Twenty (20), Township One Hundred Five (105) North, Range Seventy-five (75), West of the 5th P.M. Lyman County, South Dakota. 146.78 +/- acres. This tract consists of 133.76 +/- acres of tillable land, 1.53 acres in CRP ($269 annual payment-through Sept 2025) along the west boundary, and the remaining 13.02 +/- acres consist of grass waterways and ROW. A small dugout is located in the northwest corner of the tract. The entire tract features a 72 productivity index. There are no improvements included in this tract. R.E. Taxes: $1106.32.
Northeast Quarter (NE ¼) of Section Twenty (20), Township One Hundred Six (106) North, Range Seventy-six (76), West of the 5th P.M. Lyman County, South Dakota. 160 +/- acres. This tract consists of approximately 159.13 +/- acres presently farmed with the balance in grass and ROW and features a 65 productivity index. R.E. Taxes: $1066.90
Northwest Quarter (NW ¼) of Section Twenty-one (21), Township One Hundred Six (106) North, Range Seventy-six (76), West of the 5th P.M. Lyman County, South Dakota. 160 +/- acres. This tract consists of approximately 147.78 +/- acres presently farmed with the balance in grass waterways and ROW. Tract 4 features a 59 productivity index. R.E. Taxes: $1271.38
The combination of Tracts 1 & 2. 303.75 +/- Acres. Presently these two tracts are farmed as one large parcel of approx. 269 +/- acres of tillable land. They are extremely well located as they are less than one mile south of the Kennebec I-90 exit. Great soil types of high rating along with the excellent field access and combined with the easy access and close proximity to grain markets in Kennebec make this combination a very attractive purchase!
The combination of Tracts 3 & 4. 320 +/- acres. These two tracts are also currently farmed as one large parcel of approximately 306.91 +/- acres of tillable land. Combination Tract 6 represents the opportunity to purchase good quality farm land with a high percentage of tillable acres situated 10 miles northeast of a large grain shuttle facility.
The property will be sold in the manner that generates the most revenue for the seller.
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 12, 2017 at Lyman County Title, 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.
Owners: Heirs of Laurel & Geraldine Houchin