Upcoming Live Public Auction Of 2 Tracts Of Land

Located in Lincoln TWP, Lincoln County, SD

This land is located Southwest of Canton, SD & Northwest of Norway Center & only approx. 5 miles from Interstate 29!

This land is approx. 20 miles from Sioux Falls, SD!

Selling On This Auction Will Be Two Separate Tracts

Tract 1: 17.07+/- Acre Building Site/Pastureland With Housing Eligibility

Tract 2: 62.94+/- Acres Of Farmland

Location: From Exit 59 (Davis/Hurley Exit) on I29 go 4 1/2 miles East on 285th St. to 475th Ave then go 1/2 mile South on 475th Ave. or from Canton SD go 4 miles West on US HWY 18 to 476th Ave then go 3 miles South on 476th Ave to 285th St then go 1 mile West on 285th St to 475th Ave then go 1/2 mile South on 475th Ave. Auction signs will be posted. Watch zomercompany.com for inclement weather!  Auction will be held at the site of the land!

Sale Date: September 10, 2022 @10:30 A.M.

Auctioneers Note: Our company is honored to have been selected by the Sandra L. Renli Trust to offer this land for sale at auction! It is not often you have the opportunity to purchase a tract of land with a building eligibility and a tract of farmland in this area! This is an excellent opportunity to add acres to your farming operation or if you are looking for an excellent location to build your dream acreage!! Watch zomercompany.com in case of inclement weather!

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Legal Description of Tract 1(Building Site/Pastureland): Tract 1 of Renli’s Addition in Government Lot 1 of the NW1/4 of Section 1, TWP 97N, Range 50W, Lincoln County, SD. Subject to all public roads and easements of record.

General Description of Tract 1 (Building Site/Pastureland): This is a once in a lifetime opportunity to purchase a property to build your dream home on! This property contains 17.07+/- gross acres according to the recent survey. This property currently consists of pastureland and offers great views of a nearby creek! This property is located a short 1/2 mile from a hard surface road! This property does have 1 housing eligibility according to Lincoln County Planning & Zoning which will be sold with the property. Buyer will be required by the county to sign a “Right to Farm Notice Covenant” if constructing a residence. Rural water and elec are located across the road from the property. All buyers are encouraged to contact South Lincoln Rural Water and Southeastern Elec for any questions regarding costs and availability of service. This is an excellent opportunity to purchase a small tract of pastureland or an excellent location to establish your residence! All buyers are encouraged to verify with Lincoln County Planning Zoning any questions which pertain to each respective buyers plans for the property. Any gates or corrals owned by the current tenant will be removed by the tenant prior to March 1, 2023. WOW what an opportunity!

Legal Description of Tract 2(Farmland): Tract 2 of Renli’s Addition in Government Lot 1 of the NW1/4 of Section 1, TWP 97N, Range 50W, Lincoln County, SD. Subject to all public roads and easements of record.

General Description of Tract 2 (Farmland): This property contains 62.94+/- gross acres according to the recent survey. According to FSA this tract of farmland has approx. 55.7 tillable acres and approx. 6.95 acres of pastureland. The predominant soil types include: WhA-Wentworth-Chancellor, WeA-Wentworth, La-Lamo, EaB-Egan, Te-Tetonka. According to Agri-Data this farm has a productivity index rating of 88.8 on the tillable land and a county soil rating of .873 on the total farm. This farm has a corn base and soybean base which will need to be reconstituted by FSA due to the recent survey split. This farm has a PLC yield of 143bu. on corn and a PLC yield of 48bu on soybeans. According to Lincoln County Planning & Zoning this property currently has 1 housing eligibility. This farm presents a great opportunity to add a farm with good soils to your current operation or also presents a great investment opportunity to purchase a farm in a great area! This property provides a unique opportunity to add acres in a great area to your portfolio! Make plans today to attend this auction and purchase this property!!!  Buyer of this property will be required to install a driveway for access at the buyers sole expense. The installation of a new driveway has been approved by the county.

Method of sale: Tract 1 will be sold first and then Tract 2 will be sold. Both tracts will be sold with the final bid price x the gross acres. Auction will be held at the site of the Land.

Taxes: The current Real Estate Taxes according to the Lincoln County Treasurer are approx. $1,692.78 per year total on both Tracts. Taxes will be reassessed by the county due to the recent survey split. Seller will pay the 2022 taxes which are due and payable in the spring and fall installments of 2023.

Possession: Full Possession will be on March 1, 2023. These properties are leased until March 1, 2023.

Terms: Purchaser(s) will be required to pay a non-refundable 15 % of the purchase price as earnest money deposit, and also agree to enter into a purchase agreement with the remaining balance due and payable on closing day on or before October 21, 2022 when the buyer shall receive a clear and merchantable title to the property. Owners Title insurance and closing fee split 50/50 between buyer and seller. Lincoln County Title will act as Escrow and Closing agent. These properties are being sold as is as a cash sale with no finance contingencies and as is with any/all defects and encroachments if any. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all data provided. No warranties are expressed or implied. Any lines on maps and pictures are for informational purposes only and are not guaranteed to be actual boundary lines of the property. Sellers do not warranty or guarantee that existing fences lie on the true boundary and any new fencing if any will be the responsibility of the purchaser pursuant to SD statues. Any announcements made day of the auction will supersede any advertisements. Aerial maps, soil maps and auction booklets are available upon request. This Property is being sold subject to the confirmation of the sellers. Buyer agrees to accommodate the sellers with a 1031 exchange. All buyers are encouraged to do buyers due diligence. Auctioneers and Real Estate brokers are representing the sellers. If any additional information is requested, please contact auctioneers listed below.

Sandra L. Renli Trust- Owner

Auction Company:

Zomer Company — 1414 Main St., Rock Valley, IA 51247 — 712-476-9443 — www.zomercompany.com

Mark Zomer – 712-470-2526 — Ryan Zomer – 712-441-3970

Darrell Vande Vegte – 712-470-1125—Joel Westra—605-310-6941

Zomer Auctions welcomes you to our current and future auctions.
Please carefully read the terms listed below. Thank You!

Zomer Auctions, its Employees and representatives (hereinafter “Company”) act merely as agents for Seller(s). All final bids are subject to the Seller's confirmation. The top bidder will be contacted as to the status of his/her bid. While the information we provide on item(s) is deemed correct, no warranties are expressed or implied and you agree to purchase and accept the property in an as-is condition. Information on the property is obtained by us from the Seller(s) and other sources and you hereby agree to hold harmless Company for any errors or omissions regarding the property being sold. This information includes but is not limited to physical condition, features, inadvertent errors in cataloging, authenticity or imperfections not specifically noted and other data pertinent to the value of the item. Buyers are responsible for conducting their own inspection during Open Houses/Inspection periods or by appointment. Printed or verbal statements made by Company are matters of opinion and are made in good faith. Any announcements posted the day of the auction or announced at the live auction take precedence over all prior advertisements.
 
You acknowledge that you have the right and responsibility to inspect the property personally, or to have a third-party representative inspect the property for you. That by bidding on the property you have agreed to accept that property in its present condition with the description provided whether accurate or not.

Auction Close: Upon the completion of an auction and notification from the auction company to the buyer of the acceptance of the buyers bid by the seller. The buyer does hereby agree to immediately enter into a purchase agreement with the terms stated and shall immediately provide the earnest money deposit due.

These terms and conditions and any dispute arising out of or related to an auction shall be governed by and construed and enforced in accordance with the laws of the State of Iowa. Any legal action must be brought in Sioux County, Iowa, or another jurisdiction of Company’s choosing. Buyer agreed to abide by the laws of the State of Iowa.

When using our online auction services you are making firm commitments to purchase said property and are entering into a legal and binding contract. Bids may not be cancelled or retracted for any reason.  Fraudulent bidding will subject you to legal recourse and possible criminal charges including any fraud and/or interstate commerce violations. Buyers also acknowledge that the Internet may be an unreliable and error prone network. Company does not guarantee that bids placed online will always be transmitted to or received by the auctioneer in a timely fashion or that current bid shown is accurate. Buyers agree to hold Company harmless for any interruptions of online bidding. Further, Company has the sole discretion to accept or refuse any bid. Company retains the right, at Company’s sole discretion, to add, delete or change some or all of our online services and the terms and conditions governing their online auctions at any time without notice. Please review auction terms often.

Bidder/Buyer responsibilities include but are not limited to the following:

All Buyers must provide their name, email address, daytime phone number and physical address at which they can be contacted for timely and accurate communication between Company and Buyer throughout any transaction or auction. Failure to maintain accurate and current contact information on Buyers account may lead to suspension of their account access until current contact information is provided to Company. All Buyers must provide valid credit card information, wire information or proof of funds if requested.

Buyers shall obey any and all local, state and federal laws and any and all violations of the same will result in termination of bidding and website use privileges with Company.

The final bidding will close and remain closed and no adjustments shall be made after closing.

Bidders acknowledge that online only auctions have an auto extend feature that means the auction will not close until all bidding parties are represented and satisfied. A bidder can place a max bid on one or more lots. The current bid price does not automatically go to the max bid unless the bidder selects to raise the bid to that price immediately by selecting the raise bid option. When another bidder increases the current bid then the computer will automatically increase the bid in the increment specified reaching your max bid only by ongoing bidding activity.

Company reserves the right to reject any and all bids for any reason. Company shall not be held responsible for any missed bids. All auctions are subject to the sellers confirmation.

Bidder shall be held liable for all bids placed from the bidders account.

Bidder acknowledges that some tracts may be sold in total dollars and some may be sold per acre. The tracts sold per acre shall be the purchase price times the gross acres of the property sold. Bidder acknowledges that the online platform may not always show the tenths of an acre sold however bidder acknowledges that the purchase price will still be calculated using the total gross acres of the tract being sold including the tenths even if they are not displayed.