70-ACRE EASTERN CLARK COUNTY, OH FARM AUCTION

Description

UPDATE:  The farm sold for $452,000 ($6,459.91 per acre). Closing is expected to be on or before December 9, 2011.

70-ACRE EASTERN CLARK COUNTY, OH

FARM AUCTION

69 Tillable Acres

Wednesday ♦ November 2, 2011 ♦4:00 PM

Farm Location:  Limrick Road, Springfield, OH, between Old Springfield Rd & E. Pitchin Rd.  From I-70 east of Springfield, take SR 41 (Exit 59) south to right on Ridge Rd to right on E. Pitchin Rd to straight onto Limrick Rd.  Located just north of Locust Hills Golf Course.

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

Offering 70 acres of prime farm land located in Green Township in eastern Clark County.  This farm maximizes your income potential with 69 high producing tillable acres.  Join us in a climate-controlled auction facility for this rare opportunity to purchase area farm land.

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

REAL ESTATE SALE TERMS

Bidding Procedure:  The property will sell to the highest bidder subject to confirmation of the Seller.

Acceptance of Bid Prices:  The successful bidder will sign a Confirmation of Sale Agreement at the auction site immediately following the close of bidding.  Bidding IS NOT CONDITIONAL UPON FINANCING.

Down Payment:  $20,000 as down payment will be deposited with the Auction Company on the date of auction upon signing of Confirmation of Sale Agreement; balance due at closing.  

Real Estate Taxes:  Taxes will be prorated to date of closing using long proration method. Purchaser will be responsible for CAUV recoupment due to change in land use, if applicable.

Closing Date:  On or before December 9, 2011.  Purchaser will pay customary portion of closing costs at closing.

Possession:  Date of closing, with tenant’s rights reserved to harvest 2011 crops, if necessary.

New Survey:  Seller to provide new survey to purchaser at seller’s expense.  Survey to be completed immediately after 2011 crops are harvested from property.  Seller does not guarantee survey will be completed prior to closing.  The successful purchase price established at the auction will not be modified as a result of acreage or other changes resulting from new survey.  

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

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.

SKILLINGS FAMILY, OWNERS