Legal Description: Lot 1 of Schneider’s Addition in the NW 1/4 of Section 35, T102N, R61W of the 5th P.M., Lisbon Township Davison County, South Dakota
2026 Taxes due in 2027: TBD estimated $1530.00/year. Physical Address: 40439 261st ST. Mitchell, SD 57301 Property Description: 40-Acre Country Acreage with Endless Possibilities!
Enjoy peaceful country living on this beautiful 40-acre property. Approximately 27 acres are productive cropland, leaving around 13 acres for the home site, buildings, and mature trees that provide privacy and a secluded setting. This land has an 82 Soil Productivity Index.
The property includes an 884 sq. ft. home featuring 2 bedrooms and 1 bathroom. A concrete block basement sits beneath the home and houses most of the utilities. The property is serviced by rural water and also includes a 22-kW automatic propane generator, providing dependable backup power.
Several outbuildings offer excellent space for storage, livestock, or hobby farming:
· 23’ x 48’ x 12’ pole shed gravel floor (built in 2000)
· 18’ x 48’ pole building with concrete floor
· 18’ x 32’ barn with concrete floor
26’ x 40’ x 10’ loafing barn
A $4,000 fencing allowance will be provided to the buyer so they can install fencing of their choice. The property has been surveyed and platted, with boundary markers clearly placed at each corner. Trees border much of the acreage, offering natural privacy, and a long driveway sets the home back from the township road for a quiet rural setting. This acreage offers a wide range of possibilities for farming, livestock, recreation, or peaceful country living. Don’t miss this opportunity.
Owners: Doris M. Schneider Trust Doris M. Schneider, Trustee
Terms: A 15% non-refundable earnest money deposit along with a signed Purchase Agreement is required the day of the auction. No contingency for financing will be accepted. Possession at closing on or before August 4, 2026. Title Insurance & Closing Service Fees will be divided equally between Sellers & Buyers with closing to be held at 605 Title Company, Mitchell SD. Cash at Closing. 2025 RE Taxes due & payable in 2026 will be paid by Seller. 2026 taxes due in 2027 will be prorated to date of closing. Real Estate Taxes 2027 and beyond will be the responsibility of the Buyer. Information on this property was obtained from the Davison County governmental offices & is deemed reliable but is not guaranteed by the Sellers or Dean/Edwards Real Estate & Auction, who are representing the Sellers only in this transaction. Sellers retain the right to reject any and/or all offers. No warranty is being made or implied as to the property boundaries, soil productivity, water supply, or environmental hazards, if any. Announcements made day of auction will take precedence over printed materials.
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