160± Acres Brookings County Land Auction
Auction Date: Thursday, April 17, 2025 @ 11AM.
Auction Location: On-Site.
Legal: NE1/4 SEC 18-T112N-R51W in Brookings County, South Dakota.
Owners: Estate of Lennice Pakala
Snapshot:
· Free and Clear to Farm or Rent this Year!
· Located Minutes Southeast of Lake Poinsett.
· 158.89 FSA Cropland Acres.
· 65+/- acres Class II Soils w 80%+PI.
Directions from Arlington, SD: Head North out of Arlington on US HWY 81 for 9 miles to 199th Street. Turn right (East) on 199th St for 6 miles. Turn left (North) on 460th Ave for 1 mile. Turn right (East) on 198th St for ½ mile, and the land begins on the South side of the road.
Directions From Estelline, SD: Head West out of Estelline, SD on Hwy 28 for 6 miles. Turn left (South) onto 459th Ave for 5 miles. Turn left (East) on 199th St for 1 mile. Turn left (North) on 460th Ave for 1 mile. Turn right (East) on 198 St for ½ mile, and the land begins on the South side of the road.
Broker's Notes:
Get ready to own farmland minutes southeast of Lake Poinsett with recreational benefits! Advantage Land Company proudly presents this 160± acres just 7 miles East of Highway 81 with quality dirt and a natural slope for drainage along with refuge for wildlife that has been stewarded by the Pakala family for four generations. With an average cropland soil rating of 67.4% and 65± of these acres being Class II soils with 80+% PI rating, this prime dirt provides a once in a lifetime investment in one of South Dakota’s most productive row crop communities. Free of conservation easements, FSA reports a total of 158.89 Cropland acres with 149.80 total base acres comprised of a 75.15 acre Corn base with a 144 bu PLC yield and a 74.65 acre Soybean base with a 38 bu PLC yield. With convenient access, good row crop dirt, and rich outdoor entertainment with flyways commencing over this property for waterfowl and habitat for pheasant and deer alike, take ADVANTAGE of the trophies, stories, and feasts to come! Folks, this land is ready for a new steward the day of the sale, if you so choose! Be bold, be brave, and bid to buy.
Closing to take place on or before May 20th, 2025. This property is free and clear to farm, graze or rent for the 2025 season. Upon acceptance of the sale by the seller, a non-refundable earnest money deposit equal to 10% of the purchase price will be due at the conclusion of the sale and possession will be given at closing, or possession will be given day of sale with a non-refundable earnest money deposit equal to 20% of the purchase price due at the conclusion of the sale. If the buyer is not immediately available at the conclusion of the auction, the purchase agreement and non-refundable earnest money deposit must be completed within 24 hours from the close of the auction. The balance will be due at closing. Merchantable title will be conveyed, and title insurance cost will be divided 50/50 between the buyer and seller. Closing costs are to be split 50/50 between the buyer and seller. The 2024 RE Taxes due and payable in 2025 will be paid by the seller. The 2025 RE taxes due and payable in 2026 and all future taxes will be the buyers responsibility. The seller does not warranty or guarantee that existing fences lie on the true boundary, and any new fencing will be the responsibility of the purchaser pursuant to SD statutes. No warranty is made or implied for the property boundaries, mineral rights owned, or water supply. Any mineral rights currently owned by the seller will pass to the buyer, however, the seller does not warranty or guarantee any. FSA yields, bases, payments, and other information are estimated and not guaranteed, and are subject to County Committee Approval. Information contained herein is deemed to be correct but is not guaranteed. Sold subject to existing easements, restrictions, reservations, or highways of record, if any, as well as any or all Brookings County Zoning Ordinances. The RE licensees in this transaction stipulate that they are acting as agents for the seller. A survey/plat will not be provided and will be the buyers responsibility if needed or requested. This is a cash sale. Property is sold “as is”. This sale is subject to Seller Confirmation. Purchaser shall cooperate with Seller on signing documents and coordination of facilitating an IRS 1031 Exchange if Seller participates in this Exchange. Announcements made day of sale take precedence over any written materials. Not responsible for accidents.