hwy 81 and 195th st , Arlington, SD 57212(Hamlin County)

Lake Albert Development Corp, developers of NORTHBAY LAKE ALBERT & GOLF COURSE development, located at Lake Region Golf Course on the West side of Lake Poinsett in Hamlin County, South Dakota are offering at auction 21.3+/- acres of quality farmland/ future development land, a 36 by 40 garage constructed on lot 5 storage auxiliary addition, lake lots, golf course lots all over 20,000sf, and 15 storage auxiliary lots. The large housing lots are all over 20,000sf with beautiful views of the golf course and lake, allow for walkouts and have rural water and electricity to site. The storage auxiliary lots are between 8,000sf to 9,600sf and are sold for personal storage or garage purposes. The garage located on lot 5 storage auxiliary is 36 feet by 40 feet with two 10 garage doors. Garages up to 36 feet by 42 feet may be constructed on each storage auxiliary lots. The farmland has a strong overall soil rating, easy access, good eye appeal and is free and clear to farm or rent for the 2014 crop year. Conveniently located just off Hwy 81 within 1/2 mile of Pier 81, Sioux Land, Lake Poinsett and Lakeview Resorts, NORTHBAY, is a 240-acre Lake and Golf Community at Lake Region Golf Club, an 18-hole golf course with private beaches and access to Lake Albert. NORTHBAY is 75 miles from Sioux Falls and within 30 miles of Brookings and Watertown. From Highway 81 turn west on 195th St/ Golf Course Road at Lake Region Golf Club.

The auction will be conducted on the property on...

SATURDAY, July 6, 2013 - 10:00 a.m.

LAKE LOTS: High Bid may choose from individual lake lots all over 20,000 square feet with a legal description or to be platted as lots 31, 37, 42, 43, 48, 151,152 & 153 NorthBay Addition in Government Lot 9 in the SE of Section 26-T113N-R53W & in the SW of Section 25-T113N-R53W & in the W of Section 36-T113N-R53W, All of the 5th P.M., Hamlin County, South Dakota.

GOLF LOTS: High Bid may choose from individual golf lots all over 20,000 square feet with a legal description or to be platted as lots 76-83, 85, 94, 97100,105, 109-111, 121-127,129-133, 137-144, 146 and 155 NorthBay Addition in Government Lot 9 in the SE of Section 26-T113N-R53W & in the SW of Section 25-T113N-R53W & in the W of Section 36-T113N-R53W, All of the 5th P.M., Hamlin County, South Dakota.

GARAGE/ STORAGE LOTS: High Bid may choose from individual storage unit lots with a legal description or to be platted as Lots 4, 6-19 Lake Albert Auxiliary Addition (storage auxiliary lots), Hamlin County, South Dakota.

GARAGE ON LOT 5: 36 foot by 40 foot with 2 ten foot garage doors, located on lot 5 storage auxiliary addition.

FARMLAND / FUTURE DEVELOPMENT LAND: 21.3+/- acres located in the East 780 of the South 1230 of the East if the SW , Except Pier 81 Lagoon Second Addition in the SW Thereof, All of Section 25, Township 113 North, Range 53 West of the 5th Principal Meridian, Hamlin County, South Dakota.

TERMS: This is a cash sale. Closing on the Lake, Golf and Storage Auxiliary Lots will be within thirty (30) days of the Plat being recorded. Closing on the farmland will be on or before October 1, 2013. Upon acceptance of the sale by the seller, a non-refundable Earnest Money deposit equal to 10% of the sale price due at the conclusion of the auction. The balance will be due at closing. Merchantable title will be conveyed and title insurance and closing cost will be divided 50-50 between the buyer and seller. Possession will be given at closing. Farmland sold subject to an existing lease for the 2013 crop year. The farm will be free and clear to farm or lease for the 2014 crop year. 2013 RE taxes due and payable in 2014 will be paid by the seller when due. The seller does not warranty or guarantee that existing fences on the farmland lie on the true boundary, and any new fencing will be the responsibility of the purchaser pursuant to SD statutes. FSA yields, bases, payments and other information is estimated and not guaranteed and are subject to County Committee Approval. Information contained herein is deemed to be correct but is not guaranteed. Sold subject to existing easements, restrictions, reservation or highways of record, if any, as well as any or all Hamlin County Zoning Ordinances. The RE licensees in this transaction stipulate that they are acting as agents for the seller. Announcements made day of sale take precedence over any written materials. Said property is sold as is. This sale is subject to seller confirmation.

For further information, including copies of the master plat for the development, covenants, and additional property information, please contact AUCTIONEERS