“RED BANKS RANCH, INC.”
±160 CHOICE LAWRENCE COUNTY ACRES IN AN
EXTRA-PRIME “CENTENNIAL PRAIRIE” LOCATION
JUST EAST OF SPEARFISH, SD ON E. COLORADO BLVD.
ABSOLUTE LAND AUCTION
OFFERED IN (3) TRACTS FROM ±40 to ±80 AC. & AS (1) ±160 AC. UNIT
- EXCELLENT DEVELOPMENT POTENTIAL IN A HIGHLY DESIRABLE AREA -
Simulcast Internet Bidding Available Day of Auction
FRIDAY – SEPT. 14, 2018 – 2:00 PM
PROPERTY LOCATION: 6025 E. Colorado Blvd., Spearfish, SD. At I-90 Exit 17, south to E. Colorado Blvd., then ¾ mi. west. Or, at I-90 Exit 14 near Spearfish, east 2-3/4 mi. on E. Colorado Blvd. Signs on property.
AUCTION LOCATION: Northern Hills Holiday Inn, I-90 Exit 14, Spearfish, SD.
Held debt-free and under the same family ownership for generations, this unique and well-located property will be offered and sold auction day regardless of price. The property fronts E. Colorado Blvd. along the south side for one-half mile and offers tremendous access off I-90 and located just ¾ mi. west of Exit 17 and Hwy. 85. Currently zoned A-1 which is general agriculture, it is prime for development and is joined by the Spearfish City limits on the north and east sides. The property will be offered in (2) 40 ac. tracts, (1) 80 ac. tract, and as one complete unit of 160 acres.
Features include a well-kept 3-bedroom 2-story ranch home built in 1937. This attractive approx. 1493 sq. ft. ranch home boasts all-weather steel siding and is sheltered by an impressive grove of trees to the west. Water to the farmstead is provided by a developed spring on the property. An adjoining oversized detached garage is nearby, and the old original ranch barn still stands not far away to the north. Currently approx. 65 acres are in hay production with the balance of the land being native pasture.
Tract 1: ±40 acres. The headquarters tract and includes the ranch home, garage, barn, and the large and impressive tree grove not far from the western edge of the tract. A variety of trees and shrubbery are found on this tract and includes choke cherry bushes and other varieties of early plantings. The developed spring is located further up the draw to the south on Tract 3 and if sold in tracts, a water user’s agreement will be put in place. In addition to great access, it also offers seclusion.
Tract 2: ±40 acres. This is a gently sloping quarter-quarter lying adjacent to E. Colorado Blvd. It has traditionally been used as hay land and has many desirable future possibilities to the new owner.
Tract 3: ±80 acres. This choice secluded tract would be accessed via an access easement along the east side of Tract 1 described herein. It is a diverse tract with some hay ground and the balance fenced pasture and features a nice copse of mature pine trees in the southwest corner and several scenic draws with shrubbery. The developed spring is located within the drainage area south of the farmstead. This tract offers tremendous panoramic views in all directions. This could be an affordable tract for many and due to its size, would retain agricultural status in Lawrence County.
Entire Unit: ±160 acres. The combination of Tracts 1 – 3 as described herein. For the discerning investor, this choice quarter section of ground is diverse, extremely well-located and has a wide variety of future uses.
PROPERTY INSPECTION: Auctioneer/Broker onsite Fri., Aug. 31 & Fri., Sept. 7 both days from 4:00 PM until 6:00 PM each day. OR, you may inspect the exterior property at your leisure. Brochures will be onsite and approx. property corners will be marked. Broker participation invited. Broker represents Seller.
TERMS & CONDITIONS
Absolute auction, property selling day of auction with no minimum, no reserve. Offered in (3) individual tracts as outlined herein and as one entire approx. 160 acre unit, selling in the manner realizing the greater return. 15% nonrefundable earnest money day of auction with the balance due in cash or certified funds upon closing. Closing to take place on or before October 15, 2018. Immediate possession upon closing. Taxes, based on the 2017 tax levy, shall be prorated to the day of closing. Property sold by legal description. Information given based upon Lawrence County records and FSA maps. If sold in tracts, no survey shall be performed. Auction tract corners are approximately marked and should not be confused with an actual land survey. Visual auction maps have been prepared for marketing purposes only, are approximate only and buyers should rely upon their own judgment and inspection of the subject property. Property sells without Buyer contingency of any kind, please have your financial arrangements secured prior to bidding. Further, if purchasing for development of any kind, we suggest that interested buyers perform all due diligence necessary to make an informed purchase and rely upon your own inspections of all public information. Title insurance will be provided. A commitment for title insurance showing marketable title will be made available for your inspection at the auction and online. Costs of title insurance and the closing agent fee shall be split equally between the Seller and Buyer. Property will be transferred by Warranty Deed subject to easements, assessments, and reservations of record. The Auctioneers/Brokers are representing the Seller’s interests in this transaction. The property will be sold in “As Is” condition without any warranties, either expressed or implied, as to the nature, condition, or description of any improvements and property herein, please inspect to the extent deemed necessary and rely on your own judgment when bidding. All information was derived from sources deemed reliable; however, neither Seller nor Auctioneers/Brokers are making any guaranties or warranties, actual or implied. Any announcements made day of auction supersede any and all previously printed material and any other oral statements made.