Auction Date: Tuesday, March 31st, 2020 at 10:00 AM CST
Auction Location: Kennebec Fire Hall, Kennebec, SD
This will be a live off-site auction with live online bidding available.
This real estate property will be sold as one unit and with No Reserve!
Sellers: Q2 LLP, Presho, SD Peggy Boysen, Managing Partner
Property Location: From the Clark C Store in Kennebec, South Dakota, property is located 6.4 miles North on SD Hwy 273, 3 miles East on 235th Street, 1 mile North on 318th Avenue, and 1 mile East on Unmaintained Section Line Road.
General Information: 841 +/- acres, all pasture/grass. (4) rural water hydrants with 4 water rubber tanks (West River Lyman/Jones County). (4) Livestock stock ponds. Rural Electric line runs across the width of the property. Two cross fence to assist in a rotation program. The most recent annual taxes were $2,890.28.
Legal Descriptions: Lots 1-2; the S1/2 of the SE1/4; Lots 3-4; S1/2 of the SW1/4 of Section One (1); N1/2 & the SE1/4 of Section Twelve (12); and the NE1/4 of the NE1/4 Section Thirteen (13), Township One Hundred Six (106) N, Range Seventy-Five (75) W, Dorman Township, Lyman County, South Dakota 841.34 +/- Acres.
Auctioneer Note: Dan Clark Auction & Realty, LLC has been given the honor to sell at a public auction this very attractive parcel of land that could serve as an excellent addition to any farming or livestock operation as well as a hunting or investment property. This property will be sold by the acre, based on the acres as stated on the county tax records, with the acres understood to be more or less.
Terms & Conditions:
This is a cash sale, which means potential buyers must have their financial arrangements secured prior to bidding. There will be no buyer contingencies offered or accepted for financing, inspections, or appraisals. Immediately upon the conclusion of the auction, the successful bidder(s) will be required to sign real estate purchase contract and to deposit with RE Broker/Auctioneer, a nonrefundable earnest money payment of ten (10) percent of the total purchase price. The earnest money payment will be made payable to the closing agency, Stewart Title Company, 6216 S Pinnacle Place Ste. 102, Sioux Falls, SD 57108 Balance of the purchase price is due in certified funds at closing on or before April 30, 2020. Buyer(s) will take full possession after final payment at the date of the closing.
Conveyance of marketable title will be transferred by Warranty Deed, free and clear of liens but subject to easements, reservations, and exceptions of record as well as statutory rights of way and other recorded easements at the time of sale. Owners title insurance policy will be provided to the buyer for examination prior to the auction. Cost of title insurance and closing fees will be divided equally 50% buyer & 50% seller.
This property is sold AS-IS / WHERE-IS. Property is being sold by legal descriptions only. Should a property survey become necessary, it will be at the buyers expense. Seller(s) do not warranty or guarantee the property boundaries are accurate. Any new boundary survey will be the responsibility of the Purchaser, pursuant to South Dakota statutes. All mineral rights (if any) owned by Sellers will be transferred to the Buyer(s). This property will be offered at the live auction by _X_ amount of dollars per acre times the taxable acres, equals (=) total dollars $__________________.
Property information provided was obtained from sources deemed reliable, however, the Seller(s) and Broker/Auctioneer are not making any guarantees to its accuracy. Potential buyers are encouraged to conduct both on-site and off-site inspections of the property to the extent deemed necessary and rely upon their own pre-auction inspection when bidding. The Auctioneer may accept absentee, phone or internet bids from bidders who cannot attend the auction. Bidding remotely does not guarantee anonymity. Video and audio recording devices will be in use during the auction which may be broadcast via the internet or used in other places. Winning bidder(s) acknowledges that they are representing themselves or have hired representation using their own financial means to complete the auction sales transaction. Dan Clark Responsible Broker and associated licensees are acting as agents for the Seller and will be representing only the Sellers interest in this transaction. Statements made day of sale take precedence over all written material. This property is being sold Absolute on a public auction.