Maynard Klingbeil Trust Estate Land Auction

Action Buyers Resource

 

Date(s) 11/7/2021 - 12/7/2021

Live auction with internet bidding will be held Tuesday, December 7th at 1:00 PM.

Past Auction
Shipping Not Available
Bidding Notice:

Bid price is "per acre"

Auction Information
Name Maynard Klingbeil Trust Estate Land Auction
Auctioneer
Type Live Webcast Auction
Date(s) 11/7/2021 - 12/7/2021
Auction Date/Time Info
Live auction with internet bidding will be held Tuesday, December 7th at 1:00 PM.
Preview Date/Time Contact Auctioneer for appointment to view property.
Checkout Date/Time A 10% nonrefundable earnest money payment at the conclusion of the auction, with balance due on or before closing. Closing shall occur on or before January 21, 2022.
Location
Buyer Premium 4% fee on gross sale
Description
We are privileged to offer land from the Maynard Klingbeil Trust Estate at auction on behalf of SDSU Foundation. Most of this land has been in the Klingbeil Family for generations and has never been offered for public sale before now. Location, quality, and stewardship best describe the attributes of this land. The vast majority of this property has paved road access, and is within a short drive from Onida, SD. The Onida area hosts two large grain elevators, an 80 million gallon/yr ethanol plant, and a 10,000 head cattle feedlot. This once in a lifetime offering will be parceled into ten tracts, providing prospective buyers opportunity to buy acres that fit an existing ag operation – or acquire the entire land base procured as Klingbeil’s agricultural legacy.
TERMS: 1. A 10% nonrefundable earnest money payment at the conclusion of the auction, with balance due on or before closing. Closing shall occur on or before January 21, 2022. 2. Possession at closing, subject to removal of all existing 2021 crops. 3. Buyer(s) of parcels with planted winter wheat shall reimburse input costs of $139/acre on or before closing. 4. A Buyer's Premium of 4% of the successful bid will be used to establish the final purchase price. The premium will be added to the successful bid amount, along with applicable state sales tax. 5. Marketable Title will be conveyed and an Owners Title Insurance Policy will be provided with the cost of the owner's policy & a title company closing fee, if any, to be divided 50-50 between Buyer(s) and Seller. Seller to pay transfer fees and Buyer(s) to pay recording fees. 6. This property is being sold based on the tax acres assessed by the Sully County Director of Equalization; this property is sold by legal description. 7. All of the 2021 RE taxes payable in 2022 will be paid by the Sellers; 2022 and future real estate taxes are paid by Buyer(s). 8. The Seller does not provide warranty or guarantee that existing fences are located on the correct boundary. New fencing, if any, is the responsibility of the Buyer(s). 9. County data, Farm Service Agency reports, mapping, yields, bases, payments or data obtained for distribution is not guaranteed by Seller or Seller's agents. Information contained herein is deemed to be correct but is not guaranteed. The Sully County FSA will make final determination of all farm program crop basis and yields transferred to the Buyer(s). 10. Action Buyers Resource acts as agents for the Seller, and property sales are subject to confirmation of the owner. 11. If you are unable to attend and need to make arrangements to bid absentee by phone or on line, you must contact the auctioneer prior to sale day to make arrangements. For additional information contact the auctioneers. ALL ANNOUNCMENTS MADE SALE DAY TAKE PRECEDENCE OVER ANY PREVIOUSLY DISCLOSED TERMS, CONDITIONS, OR DISCLOSURES, WHETHER ORALLY PROVIDED OR IN WRITING.
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 9,999,999.99 250.00 USD
Currency USD
Buyer Premium 4% fee on gross sale
Payment Terms
10% of total due as earnest money within 48 hours of auction close by certified funds. Contact Action Buyer's Resource to arrange payment. Remainder due at closing, approximately 30 days after sale date.
N/A
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.