Charles Mix County, SD Land Auction
310 Main St - Platte, SD
April 20, 2022
473.39 Acres Charles Mix County (Darlington TWP), SD Land Auction
THE PROPERTY SOLD AS A 473.33 ACRE COMBINATION FOR $4800/ACRE TO TOTAL $2,272,272!
Mark your calendar and plan on joining us for this well-located, diversified farm property located four-and-a-half miles east and one mile south of Platte, SD! Presently, the land consists of 240 acres under cultivation, a 17 acre farm site, and the balance of the property in pasture. The property is located 1 mile from paved highways in both directions! The land will be sold subject to the current one-year lease agreement with purchaser receiving the rent income for 2023! The property will be offered in three individual tracts and one combination. The land will be sold based on surveyed acres.
Property Locations: From Platte, SD: 4.5 miles east on SD Hwy 44, 1 mile south on 372nd Ave. Property is on east side of road. From Geddes, SD: 7 miles north on SD Hwy 50, 1 mile west on 278th Street. Property is on north side of road.
Tract 1: NW ¼ of Section 26-T99N-R67W of the 5th PM, Charles Mix County, SD. 159.33 +/- acres. The “home quarter” consists of 50.14 acres under cultivation, 88.77 acres in pasture, a 16.94 acre building site & shelterbelt and the balance in ROW. The overall productivity index for Tract 1 is 52. Improvements on the property consist of an 1104 square foot 1.5 story home built circa 1915, a 30’ x 60’ pole building, 50’ x 74’ steel Quonset building, two small grain bins and concrete fence line feed bunks. Rural water is provided by Randall Community Water District. Real Estate Taxes: $2679.98 (2022)
Tract 2: SW ¼ of Section 26-T99N-R67W of the 5th PM, Charles Mix County, SD. 157.43 +/- acres. This tract consists of 101.11 acres under cultivation, 46.97 acres of pasture, 4.17 acres of shelterbelt and the balance in ROW. The pasture has a water tank which is served by the rural water meter from Tract 1. The overall productivity index for Tract 2 is 69. Real Estate Taxes: $2458.16 (2022).
Tract 3: SE ¼ of Section 26-T99N-R67W of the 5th PM, Charles Mix County, SD. 156.63 +/- acres. Tract 3 features 88.89 acres under cultivation, 51.86 acres of pasture, 10.94 acres of shelterbelt and the balance in ROW. The overall productivity index for Tract 3 is 59. The pasture features a stand-alone rural water pasture tap and older dugout. Real Estate Taxes: $2323.24 (2022).
Tract 4: The combination of Tracts 1-3. 473.39 +/- acres. 240.14 +/- acres tillable, 187.72 +/- acres pasture, 16.94 acre building site and the balance in shelterbelts and ROW. This combined property has been operated as a single unit for many years, has excellent access and good soil profile. The property will be sold in the manner that generates the most revenue for the seller.
Owner: Juna Meyerink Estate, Gailen Meyerink, Personal Representative
Terms & Conditions
All potential bidders will need to be approved by the Auction Company prior to bidding using the following requirements/terms.
All prospective purchasers that have no prior real estate purchase/business history with Peterson Land & Auction LLC shall be required to submit a letter of credit/guarantee or proof of funds from an FDIC insured lending institution or financial services company prior to being approved to bid. Peterson Land & Auction LLC and the Seller shall have absolute discretion and authority to qualify or not qualify potential bidders. If you have any question as to your ability to bid, contact our office in advance of the auction.
Each party must register with their full legal name, current mailing address, telephone number and email address.
Buyer and Seller agree to execute a written purchase agreement within 24 hours of auction closing.
Non-refundable deposits in the amount of 15% (Fifteen Percent) of the final selling price shall be tendered by the purchaser at time of purchase agreement execution.
No Buyer contingencies of any kind are offered, nor will any be accepted. These include but are not limited to financing, appraisal, and inspections. Potential buyers are expected to have their financial arrangements secured prior to bidding. Buyers who are unable to close because of insufficient funds will be in default and the earnest money will be forfeited.
Property Inspection: Each potential bidder shall be responsible for conducting, at their own risk, independent inspections, inquiries, and due diligence concerning the property. Each potential bidder shall be liable for any property damage caused by any such inspections or investigations. Seller makes no warranty whatsoever about the property and specifically disclaims all warranties of fitness for a particular purpose or any warranty. Property sells in AS-IS condition.
Closing & possession date shall be on or before May 31, 2023, at Platte Title Company, Platte, SD. The closing fee shall be divided equally between the buyer and seller.
Merchantable title shall be conveyed by Warranty Deed. Owners title insurance will be provided with the cost divided equally between buyer and seller.
The annual farm lease total is $40,800. The first half rent will be paid April 1 and will be credited to the purchaser at closing. The second half rent-due October 1-will be the new owner’s responsibility to collect from the tenant. In the event the property is sold as three individual tracts, the following rental amount totals will be used: Tract 1: $12,200; Tract 2: $14,300; Tract 3: $14,300. The residence on Tract 1 is also subject to a separate, oral, month-to-month lease. The residence tenant pays $300 per month and is responsible for all utilities-except water.
2022 Real Estate taxes due and payable in 2023 will be paid by the Seller. 2023 Real Estate taxes due and payable in 2024 shall be the responsibility of the purchaser based on the most current county information.
Chisum E. Peterson, Broker and Peterson Land & Auction LLC, Brokerage Firm, represent the Seller Only in this transaction.
No Buyer Premium on this auction.
The laws of the State of South Dakota governs this agreement. Any dispute arising from the terms of this auction shall be brought in a court of Brule County, South Dakota.