property document - Fischer Rounds Real Estate

+/- 392.03 Acres of
Productive
Appomattox Twp.
Potter Co., SD
Cropland/CRP,
Pasture & Hunting/
Recreational Land &
Personal Property
+/- 392.03 Acres of Productive Appomattox Township Potter
County, SD Cropland/CRP, Pasture & Hunting/Recreational Land Situated in a Highly Regarded Agricultural, Hunting
& Fishing Area located northwest of Gettysburg, SD Near the Dodge Draw and East Whitlock Boat Landings on the
Oahe Reservoir of the Missouri River
East Whitlock Boat Landings on the Oahe Reservoir
of the Missouri River
We will offer the following real property at auction On Site at the property - Located from Gettysburg, SD – 4
½ miles west on US Hwy. #212 to the Junction of US Highways #212 & #83 – then 10 miles north on US Hwy. #83
to 155th St. (Dodge Draw Rd), then 5 miles west on 155th St. (Dodge Draw Rd.) to 300th Ave. which is at the SE
corner of the property (FARM #1), then go ½ mile north on 300th Ave. to the Bldg. Site/Sale Site; or from Agar, SD
– approx. 22 miles north on Hwy. #83 to 155th St. (Dodge Draw Rd.), then 5 miles west to 300th St., then ½ mile
north to the Sale Site.
THURSDAY JUNE 16, 2016
Sale Times: Land Auction - 10:00 AM; Personal Property – 12:00 Noon
OPEN HOUSE: For Showings of the Farmstead on SUNDAY JUNE 5th from
2:00 to 4:00 PM, or Contact the Auctioneers/Brokers for an Appointment
Auctioneer’s Note: Attention Cow-Calf Producers, Row Crop & Crop-Livestock Operators,
Hunters & Wildlife Enthusiasts! This auction presents an excellent opportunity to purchase
+/- 392.03 Acres of Potter County SD Land, which will be offered in 2 Individual Parcels as TRACT
# 1 – +/- 210.37 Acres w/Bldg. Site & Pasture, TRACT #2 – +/- 181.66 Acres of Cropland with the
Majority Enrolled in CRP or TRACTS #1 & #2 Combined – The Entire +/-392.03 Acres as a Unit.
This land will be of interest to individuals in the market for land with varying degrees of cropland
and pasture, while also including some areas that provide some excellent hunting opportunities
and habitat for pheasants, deer, grouse and other wildlife, while also being located to some great
fishing and recreational areas of Lake Oahe and the Missouri River. In the past portions of this
land have been leased for hunting by area hunting preserves. Thus, this land will be of interest to
individuals with diversified crop-livestock operations, investors and others in the market for a
unique parcel or parcels of land. This auction presents a rare opportunity to purchase a parcel(s)
of land that have been owned by the same family since the time that it was homesteaded in 1917
by Toussaint Maltaverne who was the great-grandfather of the current owners, with this land
being under the same continuous period of family ownership for nearly 100 years which is now
being offered for sale due to multi-fractioned ownership of this land and the fact that these
descendants all reside distantly out of state in three different states. If you are in the market and
desire to be the first outside of this family to own this land, then be sure to mark your calendars
and make plans to be in attendance at this momentous auction!
TRACT #1 – SALE SITE – Tract # 1 – +/- 210.37 Acres w/Bldg. Site & Pasture – Property Address –
15429 300th Ave. - LEGAL DESC.: Part of the NE ¼ (the North +/-131.37 Surveyed Acres) of Sec. 6
and the W½ NW¼ (+/-79 Acres Taxable) of Sec. 5, T. 119N., R. 77W., Potter County, SD
Tract #1 consists of a parcel of land inclusive of a set of improvements that could be well suited for the
cattleman or for use as a hunting or fishing camp, as this property has a farmstead with a set of existing
improvements and land with a mixture of pasture/grassland. This parcel of land is situated in an excellent
hunting and fishing area just off of Dodge Draw Road and within approx. 4.5 miles of the Missouri River/
Oahe Reservoir and the Dodge Draw boat landing. The improvements on this property include a modern
ranch style home with the main level comprised of a living room, 2 bedrooms w/closets, small 3rd
bedroom with no closet, den, kitchen w/cabinets & dining area, bath w/tub-shower unit, ½ bath/utility area
with a newer style Slant Fin LP gas boiler, a laundry room and enclosed porch; the home has a small
partial basement that includes a shower, a Marathon elec. hot water heater and some built-in cabinets;
the exterior of the home has a steel roof and vinyl siding – the house being serviced by Mid-Dakota Rural
Water, CamWal Rural Electric and a leased LP tank. Other improvements include a nice Butler
Farmstead steel machine shed (approx. 40’x45’) with concrete throughout, electrical and an overhead
door w/elec. opener, galvanized metal clad cattle shed, a wooden garden shed and other misc.
improvements. Based on an inspection of the FSA aerial map of the property it appears that on Tr. #1
has at one time had approx. 31.93 acres of cropland. The existing pastureland consists primarily of
upland native grass, along with some areas of tame grass with water provided by a large dugout & some
creek/drainage; additionally there is artesian well water piped to hydrants and various locations on the
land with a currently flowing relief valve in the pasture and there is a well agreement that provides for
water to this property from an artesian well that is located in a parcel of land north of this land that allows
for water to be provided to the farmstead and for livestock subject to the terms for maintenance and other
stipulations set forth in the Artesian Well Agreement that is part of previous contract for deed executed by
Robert and Jeanne Heath. Information obtained from Surety Agri-Data, Inc. indicates that the land
included in Tr. #1 has a weighted average productivity index of a 38.2. The general topography of this
land is gently rolling to hilly. This parcel of land would make a nice addition to an area cattle operation or
investment property with improvements and some areas that could provide some excellent hunting and
recreational opportunities.
TRACT #2 – +/- 181.66 Acres – Located directly south of the Farmstead on Tr. #1 – with the SE Corner
of Tr. #2 situated at the Junction of Dodge Draw Rd. (155th St.) & 300th Ave. LEGAL DESC.: Part of the
NE¼ (the South +/- 22.74 Acres) and the SE¼ of Sec. 6, T. 119N., R. 77W., Potter Co., SD
TRACT #2 is a parcel of land that has been a superb hunting parcel inclusive of some well established
CRP. In the past the current owners have leased this parcel to area hunting preserves for pheasant
hunting, although no existing hunting leases are in effect, thus this land is available for the new owner(s)
to hunt in 2016. Tract #2 has been recently surveyed at the expense of the sellers and the survey has
determined that this parcel has 181.66 acres, which is nearly 100% of the cropland acres enrolled in the
CRP program. According to FSA information the existing CRP Contract #605B has approx. 174.8 acres
enrolled in the CRP Program at $60.35/Ac. with a total annual payment of $10,549.00 with the contract
scheduled to expire on Sept. 30, 2020. Based on an inspection of the FSA aerial map of the property it
appears that on Tr. #2 has approx. 174.83 acres of cropland, plus an additional 1.8 acres in the SW
corner of the property which was a former country schoolhouse site according to the owners. Information
obtained from Surety Agri-Data, Inc. indicates that the land included in Tr. #2 has a weighted average
productivity index of a 73.8. The general topography of this land is gently rolling to rolling. If you are in
the market for land which has current CRP income, along with some excellent hunting and wildlife
production habitat, while also having some future potential for conversion of significant portions of this
farm to row crop production, which could provide for a combination of row crop and recreational
attributes, then make plans to inspect this property and be in attendance at this auction.
GENERAL INFO. PERTAINING TO BOTH TRACTS #1 & #2: According to FSA information as a
Combined Unit this farm has approx. 206.76 acres of cropland with approx. 31.96 acres of effective
cropland subsequent to the CRP reduction with a 31.9 acre wheat base with a 20 bu. yield. According
to Potter County records the 2016 RE taxes for SE ¼ of Sec. 6 are $1,431.54, on the NE¼ of Sec. 6 are
$1,002.40 and for the W½ NW¼ of Sec. 5 are $274.30.
TERMS: Cash - A 15% non-refundable downpayment on the day of the sale with the balance due and
payable on or before July 29, 2016, with immediate possession of the pasture on sale day and full
possession of the remainder (bldg. site & CRP) at closing. The buyer to receive 100% of the CRP
payment payable in 2016 with no proration, in the projected total amount of $10,549.00 payable on
Sept. 30, 2016 and each year thereafter in accordance with the CRP contract that is scheduled to
expire on Sept. 30, 2020. The new owner(s) will be obligated to comply with all of the remaining terms
and provisions of the existing CRP contract; any penalty for non-compliance with the existing CRP
contract or buyout of the existing CRP contract will be the responsibility of the new owner(s).
Marketable Title will be conveyed and an owners title insurance policy provided with the cost of the
owners policy will be divided 50-50 between the buyer and seller. All of the RE taxes payable in 2016
will be paid by the sellers, with the buyer(s) to be responsible for 100% of the 2016 RE taxes due and
payable in 2017. The acres in portions of this land situated in Sec. 6 are based on surveyed acres and
will be rounded ever so slightly for purposes of sale as stated herein, the acres in the W½ of the NW¼
of Sec. 5 are based on the acres stated on the county tax records, with the acres in either case to be
understood to be “more or less”. The sellers do not guarantee that the existing fences lie on the true
and correct boundary and any new fencing with be the responsibility of the purchaser pursuant to SD
Law. FSA yields, bases, payments, CRP information and other estimates are estimated and are not
guaranteed and are subject to County Committee Approval. Information contained herein is deemed to
be correct but is not guaranteed. This property is sold subject to existing easements, restrictions,
reservations or highways of record, if any, as well as any or all applicable county zoning ordinances.
The RE licensees in this transaction stipulate that they are acting as agents for the seller. Sold subject
to confirmation of the owners.
To view maps or an auction packet see www.suttonauction.com or www.frarealestate.com, or for
additional information contact the auctioneers/brokers. Watch for Upcoming Ads Inclusive of
the Personal Property.
HEIRS OF ROBERT & JEANNE HEATH – Heath Farms, LLC, Owners
CHUCK SUTTON - Auctioneer & Land Broker
- Sioux Falls, SD - ph. 605-336-6315 & Flandreau, SD – ph. 605-997-3777;
MARK JOENS – RE Broker Assoc. – Fischer, Rounds & Associates, Inc. – Pierre, SD
– ph. 800-456-2603 or Cell ph. 605-280-7001 and
TERRY HAIAR – RE Auctioneer & Broker Assoc. – Alexandria, SD – ph. 605-239-4626
Remember . . .
Successful Auctions don’t just Happen—
They’re Planned!
suttonauction.com
NOTES
Successful Auctions Don’t Just Happen . . .
They’re Planned!