LAND AUCTION
160 Acres (+/-) Brookings Co., SD Land
20 (+/-) Acres w/Home, Barn, Outbuildings, Trees & Pasture-60 (+/-) Acres of Pasture-80 (+/-) Acres of CRP
In order to settle the Carlyle Olson Trust Estate we will offer at Public Auction the following described real estate located at 20635 462nd Ave., Bruce, SD or from Volga, SD 4 miles north on 464th Ave., 2 miles west on 207th St. & ¾ mile north on 462nd Ave. (Watch for Auction signs) on
Saturday – August 2, 2008 Sale Time - 10:00 AM
Tract I: 20 Acres (+/-). This 20 acres includes a building site with a two story home which includes kitchen, living room, bathroom, 2 bedrooms and basement. Outbuildings include a barn, chicken house and other miscellaneous outbuildings. The balance of this 20 acres is pasture and trees. This acreage has trees to the north and a very good location. The acreage has rural water.
Legal Description: 20 (+/-) acres located in the S ½ of the NE ¼ of Sec. 29, T-111-N, R-51-W, Brookings Co., SD.
Tract II: 60 (+/-) Acres. According to F.S.A. information this 60 acres is presently all in pastureland with rural water for livestock. According to F.S.A. information this Tract has a 17.9 acre corn base with a 67 acre yield.
Legal Description: 60 (+/-) acres located in the S ½ of the NE ¼ of Sec. 29, T-111-N, R-51-W, Brookings Co., SD.
Tract III: 80 (+/-) Acres. According to F.S.A. information this 80 acre Tract has approximately 78 acres enrolled in the C.R.P. Program. 10.3 acres is enrolled at $55 per acre with the contract expiring September 30, 2013, with an annual payment of $567. 67.7 acres is enrolled in C.R.P $55 per acre with an annual payment of $3,724. This contract expires September 30, 2012
Legal Description: The N ½ of the NE ¼ of Sec. 29, T-111-N, R-51-W, Brookings Co., SD.
Tracts I, II and III with be offered individually or in any combination. If Tracts I, II and III are sold individually Tract I will be surveyed to determine exact legal description. Survey will be at the seller’s expense. Here is an excellent opportunity to purchase a 20 acre building site in addition to pastureland and C.R.P. land. For further information and showing please contact the Auctioneers and Realtors. Come prepared to buy.
Terms All Tracts: 10% nonrefundable earnest money deposit due on day of sale. Balance due on or before November 5, 2008. Possession on Tracts II & III will be at closing. Possession on building site will be June 1st, 2009. Buyers of Tract I will receive monthly rent from November 1, 2008 until June 1, 2009 in the amount of $400 per month. Sold subject to any easements, right of ways or restrictions that may appear on the title. Title insurance and closing fee will be split between buyer and seller. 2008 Real Estate Taxes to be paid by the Sellers. Sold subject to confirmation of the owners. Statements made day of sale take precedence over all written advertising. The sellers do not warranty or guarantee that the existing fences lie on the true and correct boundary and any new fencing, if any, will be the responsibility of the purchaser, pursuant to South Dakota statutes. Burlage-Peterson Realty represents the seller in this transaction. Information contained herein is deemed correct but not guaranteed.
Carlyle Olson Trust – Owner
Devon L. Olson & William G. Intermill, Trustees
Rick Ribstein, Attorney For The Estate
Auctioneers & Realtors
Jim, Scott & Bob Peterson, Lenny Burlage
317 4th St, Brookings, SD 57006
605-692-7102 off/605-692-1285 fax
www.burlagepeterson.com
