108-ACRE CLARK COUNTY, OH FARM AUCTION

Description

UPDATE:  The farm sold for $425,000 ($3,935.18 per acre) to three (3) different buyers. Closing is expected to be on or before December 22, 2011.

108-ACRE CLARK COUNTY, OH

FARM AUCTION

4 Tracts ♦ 61 Tillable Acres

Thursday ♦ November 17 ♦ 4:00 PM

Property Location:  6415 Upper Valley Pike, Urbana, OH.  From SR 41 at US 68, take SR 41 east to north on Upper Valley Pike.  Property located just north of Tremont City.

Auction Location:  The Champions Center (Clark County Fairgrounds, 4122 Laybourne Rd, Springfield, OH.  From I-70 east of Springfield, take SR 41 (Exit 59) north & make the first left onto I-70 westbound exit & then onto Laybourne Rd. 

Take a look at this diverse German Twp Farm!

What an opportunity for the FARMER, INVESTOR, SPORTSMAN, COUNTRY HOME BUYER, and SPECULATOR - there is room for everyone on this beautiful 108-acre farm.  Tracts ranging from 5+ to 69 acres.

·      61 acres tillable

·      Beautiful 2-story pre-Civil War home with 6 bedrooms

& over 2,900 sq ft living area

·      Large super well-maintained bank barn

Bid on an individual tract or any combinations of tracts!

Visit us on the web or call for a complete Bidder Package.

REAL ESTATE SALE TERMS

Bidding Procedure:  The property will sell to the highest bidder(s) subject to the confirmation of the Seller, via the Multi-Parcel Auction Method.

Acceptance of Bid Prices:  The successful bidder(s) will sign a Confirmation of Sale Agreement at the auction site immediately following the close of bidding.

Down Payment:  Tract 1—$20,000; Tract 2—$5,000; Tracts 3 & 4—$3,000 each will be deposited with the Auction Company on the date of auction upon signing of Confirmation of Sale Agreement; balance due at closing.  Bidding IS NOT CONDITIONAL UPON FINANCING.

Real Estate Taxes:  Taxes will be prorated to date of closing using long proration method.

Closing Date:  On or before December 22, 2011.  Purchaser will pay customary portion of closing costs at closing.

Possession:  Date of closing.

Agency:  Sheridan & Associates, Auctioneers, Real Estate Broker, Appraisers, LLC and its representatives are Exclusive Sales Agents for the Seller.

Swing Tract:  Tract 2 will be offered only to any bidder who either owns property contiguous to Tract 2 or who places it into a Multi Parcel combination with Tract 1.

Disclaimer and Absence of Warranties:  All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Confirmation of Sale Agreement.  Announcements made by the Auctioneer at the time of the Auction will take precedence over any previously printed or oral information.  The property is sold on an "AS IS, WHERE IS" basis, and no warranties or representations, either expressed or implied, concerning the property are made by the Seller or the Auction Company.  Each bidder is responsible for conducting his/her own independent inspections, investigations, inquiries, and due diligence concerning the property.  The information contained in this brochure is believed to be accurate, but is subject to verification by all parties relying on it.  Neither the Seller nor the Auction Company assumes liability for its accuracy, errors, or omissions.  Conduct at the auction and increments of bidding are at the direction and discretion of the Auctioneer.  The Seller and the Auction Company reserve the right to preclude any person from bidding if there is any question as to the person's credentials, fitness, legal capacity, etc.  All decisions of the Auctioneer are final.

JAMES RUSSELL GARD, Trustee

Mary L. Gard Revocable Trust