The bidding increments will be $50/acre. The final sale price will be calculated based on the total acres times the highest bid. Real Estate Agent reserves the right to adjust bidding increments.
Plan to Attend the Informational Meeting and Auction:
Edmunds County Title/Law Office
509 Bloemendahl Drive
Ipswich, SD 57451
BigIron Realty Agents will also be at the Edmunds County Title/Law Office Conference Room on Tuesday, July 20, 2021, from 8:30 a.m. CDT until the conclusion of the online auction.
Please come during the times scheduled to discuss the farm. BigIron Realty Representatives will be there to assist Buyers with registering to bid online. You do not have to be present to bid online, but you are required to be available by phone.
BIDDING PROCESS: You may place bids on this farm for 14 days beginning Tuesday, July 6, 2021, and ending Tuesday, July 20, 2021, at 11:00 a.m. CDT. This unreserved online auction features bidding extensions. If a bid is received within five minutes of the scheduled close time, the bidding period is automatically extended to five minutes. This will continue until there is a five-minute period where no bids are placed. NOTE: Do not wait until the day the auction closes to register to bid online. All bidders must be approved to bid, so register at least 24 hours prior to the auction close or call 800-887-8625 for assistance.
Tract # 1: 60.5+/- Acres
General Description: This tract lies level to gently rolling. The southwest corner of this tract borders 145th Street and the majority of this tract is on the north side of an approximately 20-acre tract (Leboldus Tract 1) which is not a part of this.
Legal Description: S ½ SW¼ Section 16-121N-71W Less Leboldus Tract 1 Edmunds County, SD, containing 60.5+/- acres.
2020 Taxes: $546.32
Land Location: From Loyalton, SD, go 7 miles west on 145th Street to 338 Avenue, the southwest corner of the tract. The farm will be on the north side of the road. Note: 338 Avenue has no road going north. It only goes south.
General Description: This is an L-shaped tract with the W ½ of the NE ¼ on the south side of 145th street. The SE ¼ of the same section lies on the west side of 338th Street. This tract lies level to gently rolling.
Legal Description: W ½ NE ¼ and the SE ¼ Section 20-121N-71W Edmunds County, SD, containing 239.5+/- acres.
2020 Taxes: $2,014.76
Land Location: From Loyalton, SD, go 7 miles west on 145th Street to 338th Avenue, then south on 338th Avenue. The farm is L-shaped, with the quarter on the west side of 338th Avenue and the 79.5 acres on the south side of 145th Street (northwest of the quarter).
Title Services: First American Title Insurance Company
201 S. College Street, Suite 1440
Charlotte, NC 28244
For more information, contact listing agents:
John Buhl – 402-649-3750 OR Ron Stock – 402-649-3705
Terms: The successful Buyer will be required to enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment made payable to First American Title Insurance Company. The earnest money can be made by a personal check, company check, or wire transfer. The balance will be due at closing on or before Wednesday, September 22, 2021. The Seller will provide marketable title to the Buyer evidenced by title insurance; the title insurance and closing costs are split 50/50 between the Buyer and Seller. The Seller will pay the 2021 real estate taxes, and the Buyer will pay the 2022 Real Estate Taxes. The property will not be sold subject to financing. Please have all financial arrangements made prior to the auction. The written purchase agreement, to be signed by the Seller and Buyer after the auction, is the sole and controlling document of this sale and supersedes any and all other terms, whether verbal, written, expressed, or implied, and shall be the sole and controlling document for this real estate transaction. BigIron Realty is working for the Seller as the Sellers Agent.