Meade County, SD
8075.00 Acres M/L
16065 Deep Creek Rd / 165th St
Faith, SD 57626
Listing | #14166 |

LAND AGENT & AUCTIONEER
Jared Chambers, CAI
Office: 515.222.1347
Mobile: 641.414.0234
Jared@PeoplesCompany.com

LAND AGENT & AUCTIONEER
Adam Curran
Office: 515.222.1347
Mobile: 641.203.2931
Adam@PeoplesCompany.com
Property Info
Description
Legal Description
Reserved Items
- Sign On Property: Yes
- School District: Faith Community Schools
- General Area: Faith, SD - Meade & Perkins Counties
- Net Taxes: $17,933.86
- Zoning: Agricultural
Additional Info
These two outstanding Meade County and Perkins County ranches will sell ‘Absolute’ to the highest bidder the day of the auction.
Immediate possession of the pasture/hay ground to be given to the successful bidder of each tract after the auction.
A public Open House & Ranch Tours will be held on:
May 22, 2018 from 4:00 pm – 7:00 pm
June 3, 2018 from 1:00 pm – 4:00 pm
Additional times are available. Please contact agents to schedule dates and times.
Airport Information:
The Faith Municipal Airport is located just east of Faith and along the south side of Highway 212. This airport contains a 4,200’ x 60’ asphalt runway and has fuel available 24 hours with a credit card. Contact the airport manager, Dave Gebhart, at 605.967.2144 for additional information.
Motel Info:
Prairie Vista Inn
Highway 212
Faith, South Dakota 57626
1.888.508.2343
www.prairievistainn.com
Tracts
Description
Details
- Acres: 3715.00 Acres M/L
- Net Taxes: $11,874.00
Directions
Downloads
Description
Details
- Acres: 1480.00 Acres M/L
- Net Taxes: $1,840.00
Directions
Downloads
Description
Details
- Acres: 1094.00 Acres M/L
- Net Taxes: $2,094.00
Directions
Downloads
Description
Details
- Acres: 986.00 Acres M/L
- Net Taxes: $1,201.00
Directions
Downloads
Description
Details
- Acres: 800.00 Acres M/L
- Net Taxes: $924.00
Directions
Downloads
Auction Details & Terms
Major Western South Dakota Cattle Ranch Auction
Sells Absolute!
8,075 Acres M/L
Offered in Multiple Tracts
Wednesday, June 6th, 2018
10:00 AM
Sellers:
Triple R Ranch
Lyle & Rhonda Rowen
Auction Location:
Faith Community Center
204 North Main Street
Faith, South Dakota 57626
Buyer’s Premium: A five percent (5%) Buyer’s Premium will be added to the final bid price and included in the total purchase price.
Auction Method: The property will be offered in five (5) individual tracts and combinations of each ranch. All tracts will sell ‘Absolute’ to the highest bidder(s) the day of the auction.
Bidder Registration: All prospective bidders must register with Peoples Company and receive a bidder number in order to bid at the auction.
Agency: Peoples Company and its representatives are agents of the Seller. Winning bidder(s) acknowledge they are representing themselves in completing the auction sales transaction.
Farm Program Information: Farm Program Information is provided by the Meade County and Perkins County Farm Service Agencies. The figures stated in the marketing material are the best estimates of the Seller and Peoples Company; however, Farm Program Information, base acres, total crop acres, conservation plan, etc. are subject to change when the farms are reconstituted by the Meade County and Perkins County FSA and NRCS offices.
Earnest Money Payment: A 10% earnest money payment is required on the day of the auction for each tract. The earnest money payment may be paid in the form of cash or good check. All funds will be held in the Peoples Company Trust Account.
Contract & Title Commitment: Immediately upon conclusion of the auction, the high bidder(s) will enter into a Real Estate Purchase Contract and deposit with Peoples Company the required earnest money payment. The Seller will furnish the successful Buyer(s) a current Title Commitment and Owner’s Policy in the amount equal to the Total Purchase Price. Seller agrees to convey merchantable title to the property. All title insurance premiums, title or abstracting fees and the title company/closing agent fees or costs shall be paid by the Seller. Sale of this farmland is not contingent upon Buyer obtaining financing. All financial arrangements are to have been made prior to bidding at the auction. By bidding, the bidder makes a representation that the bidder has the present ability to pay the bid price and fulfill the Real Estate Purchase Contract.
Closing: Closing will occur on or about July 6, 2018 at a location to be designated by the Seller. The balance of the purchase price will be payable at closing in the form of cash, certified check or wire transfer. With respect to the timing of the Seller and successful Buyer(s) in fulfilling its obligations under the Real Estate Purchase Contract, time is of the essence.
Real Estate Taxes: The real estate taxes will be prorated between the Seller and Buyer(s) to the date of closing.
Mineral Rights: Twenty-five percent (25%) of the total mineral rights on tracts 1 and 2 of Flint Creek Ranch will be conveyed to the new Buyer(s). On tracts 3, 4 and 5 of Spook Creek Ranch, fifty percent (50%) of the total mineral rights will be conveyed to the new Buyer(s).
Wells and Water Lines: Tract 2 is serviced by a well and a water line provided from tract 1 of Flint Creek Ranch. If these tracts sell to separate owners, then the new owner of tract 1 agrees to provide water to the new owner of tract 2. The owner of tract 2 agrees to make an annual lifetime payment of $2250.00 to the owner of tract 1 on a date to be mutually agreed upon by the new owners. Each owner of tract 1 and tract 2 will be responsible for any repairs and maintenance of the well and water line on their respective property. This agreement will be recorded and will transfer with future ownership of these tracts.
Possession: Early possession of the grassland and hay ground will be given to the successful Buyer(s) of each tract at the conclusion of the auction once all documents are executed and earnest money is deposited. Full possession of the ranches will be given at closing, subject to the current tenants rights.
Possession of Houses: The executive home/headquarters will be available at closing for the new Buyer of tract 1. The two additional homes located on tract 1 are occupied by the current employees and their families and are referred to as the tenants on tract 1. The home located on tract 3 is occupied by another tenant and their family. The Buyer(s) of tract 1 and tract 3 will agree to allow the current tenants on these tracts to continue living in the houses and keep any personal property and/or machinery & equipment on the properties until September 15, 2018 at a rate of $150.00 per month. Utilities on these houses will be paid by the tenants.
Septic Systems: The septic systems servicing each of the four homes are in as-is condition and no inspections, updates or improvements will be made by the sellers.
Fences: Existing fences, if any, are in as-is condition and will not be updated or replaced by the sellers. Not all tract and boundary lines are fenced and if needed, will be the responsibility of the Buyer at closing. Existing fence lines may not fall directly on the legal boundary.
Survey: Preliminary survey work will be performed prior to the auction to determine the actual acres of tract 3 and actual acres of tract 4. This is due to the line fence separating these tracts not in relationship with the section line. If these tracts (tracts 3 and 4) are sold to separate Buyers, then a completed survey will be performed to record the actual acres and boundary separating tract 3 and tract 4. No survey will be performed on any of the remaining tracts.
Property Inspection: Each potential bidder is responsible for conducting, at their own risk, the independent inspections, investigations, inquiries and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with Peoples Company agents and/or auctioneers. Each potential bidder shall be liable for any property damage caused by any such inspections or investigations.
Disclaimer: All field boundaries in this brochure and any marketing material are just sketches and are presumed to be accurate according to the best available information and knowledge of the Seller and Peoples Company. Overall tract acres, pasture acres, hay ground acres, etc. may vary from figures stated in the marketing material and will be subject to change. Buyer(s) and his/her tax and legal advisors should perform their own investigation of the property prior to bidding at the auction. The brief legal descriptions in the marketing material should not be used in legal documents. Full legal descriptions will be taken from title paperwork.
Other: This sale is subject to all easements, covenants, leases, and restrictions of record. All property is sold on an “As is – Where is” basis with no warranties or guarantees, expressed or implied, made by the Auctioneer, Peoples Company, or the Seller. No warranty, either expressed or implied, or arising by operation of law concerning the property is made by the Seller or the Auctioneers and are hereby expressly disclaimed. Any announcements made auction day by the Auctioneer or Listing Agents will take precedence over all previous marketing material or oral statements. Bidding increments are at the sole discretion of the Auctioneer. No absentee or phone bids will be accepted at the auction without prior approval of the Auctioneer. All decisions of the Auctioneer are final.
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