BROWN COUNTY LAND AUCTION
Hunting - Recreation - Crop
THURSDAY, OCTOBER 13, 2016 – 11:00am
Auction Location: Elm Lake Resort - 37594 102ND ST. Frederick, SD. From Frederick, SD: 4 miles west on Brown County Hwy 5, 5 miles north on Brown County Hwy 6 & 4 miles west on Brown County Hwy 3A. From Forbes, ND: 3 ¾ miles east on State Line Road, 2 miles south on 375th Ave. & 1 mile east on Brown County 3A.
Palmyra Twp. – Brown County, SD - Outstanding opportunity to purchase 223.34 acres. Currently grass and trees but potential to till or plant food plots on a large area. This premier property is a large peninsula located at the north end of Elm Lake. It has 6000’ +/- of frontage on Elm Lake & 5600’ +/- of frontage on Elm Creek. Truly a unique parcel with multiple tree groves with pine, cedar, olive and other species of trees. Excellent potential for a private get away to build a dream home and have room for hunting and recreation. It is truly a one of a kind in this region. The property is located in an excellent hunting area for pheasants, waterfowl and deer. Currently has CRP contract for 74.4 acres with a $62.33 per acre payment that expires 9/30/16 and CRP contract for 32.4 acres with a $57.80 per acre payment that expires 9/30/19. 2015 Real estate taxes - $2,350.14
Property Location: From Forbes, ND – 4 ¼ miles east on State Line Road & ½ mile south on dirt trail. From Intersection of US Hwy 281 & State Line Road – 8 ¼ miles west on State Line Road & ½ mile south on dirt trail.
Legal Description: Lots 1,2 & 3 in Loucks Subdivision, in the SW1/4 of Section 4, SE1/4 of Section 5, and NE1/4 of Section 8 all in T128N-R65W of the 5th P.M., Brown County, South Dakota
Offered @ 223.34 Acres x $____________ per acre
TERMS & CONDITIONS: Successful bidder will deposit 5% irrevocable earnest money down day of sale with balance due in certified funds upon closing, on or before November 14, 2016. Purchaser will receive immediate possession upon closing. Property is selling without Purchaser contingency of any kind, have financial arrangements secured prior to bidding. Marketable Title will be conveyed and owner’s title insurance will be provided with the cost of the owner’s policy shared equally between the Purchaser & Seller. Clark Title Company will be the closing agent and their closing service fee will be split equally between Purchaser and Seller. Seller is responsible for the 2015 real estate taxes payable in 2016. The 2016 real estate taxes payable in 2017 will be pro-rated to day of closing. The Sellers do not guarantee that existing fences lie on the true and correct boundary. FSA yields, bases, payments, acres & other information is estimated and not guaranteed and are subject to County Committee Approval. Seller will convey to the Buyer all of his oil, gas and mineral rights related to the Property. Seller makes no representation, and does not warrant the nature and extent of such interests. The property is sold subject to existing easements, zoning restrictions, reservations or highways of record, if any. Information contained herein is deemed to be correct but is not guaranteed. Verbal announcements made day of sale shall take precedence over promotion advertisements. Thorpe Realty & Auction is representing the Seller exclusively.
WNER: Dacotah Bank, Trustee of the Norma Jean Loucks Revocable Trust
Brokers:

Jim Thorpe Cell: (605) 216-7776
Peggy Thorpe Cell: (605) 216-1309

Office: (605) 225-7776
Toll-Free: (877) 607-9871

Thorpe Realty & Auction
1002 S Lawson St
Aberdeen, SD 57401

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