Auctioneers Note: Mark your calendar and plan on joining us for this 160 acre Faulk County, SD, land auction in Cresbard, SD!  Presently, the land consists of 156.49 acres under cultivation.  It is our pleasure to partner with our friends at Jark Auction, Aberdeen, SD!  Feel free to contact Val Jark, 605-380-2244 or Chisum Peterson, 605-234-4214 with any questions about this auction. Come prepared to BUY!  Remember...only at Auction!

Directions From Faulkton, SD:  Four-and-a-half miles east on US Hwy 212, one-half mile north on SD Hwy 45, five miles east on 162nd St, one mile north on 363rd Ave, one-half mile west on 161st St.  Note: The last 1/2 mile east is a dirt section line.  Inspect the property on your own.  Depending on the winter conditions, it may take an ATV/UTV or snowmobile to access the property.  Signs will be posted soon.

Legal Description: SW ¼ in Section 5-T118N-R67W, Faulk County, SD.  160 +/- acres.  This well-located quarter features 156.49 +/- FSA cropland acres and the balance in low-lying areas and right-of-way.  This tract boasts a 76 productivity index indicating very high quality soils!  Purchaser can farm the land in 2024!

Real Estate Taxes: $ (2023).

Owners:  Heirs of Geraldine Mills Murphy

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. Buyer and Seller agree to execute a written purchase agreement at the conclusion of the auction.  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.  Each potential bidder shall be responsible for conducting, at their own risk, independent inspections, inquiries, and due diligence concerning the property.  Seller makes no warranty whatsoever about the property and specifically disclaims all warranties of fitness for a particular purpose or any warranty.  Property is being sold by legal description only.  Property sells in AS-IS condition.  Property will be sold subject to confirmation of the seller(s). Closing date shall be on or before April 12, 2023, at Faulk County Land & Title, Redfield, SD.  The closing fee shall be divided equally between the buyer and seller. Merchantable title shall be conveyed by Trustees Deed.  Owners title insurance will be provided with the cost divided equally between buyer and seller.  2023 Real Estate taxes due and payable in 2024 shall be paid by the seller.  2024 taxes and beyond shall be the responsiblity of the buyer.  Chisum E. Peterson, Broker and Peterson Land & Auction LLC, Brokerage Firm, represent the Seller Only in this transaction.