Description

UPDATE: THE FARM SOLD FOR $1,260,000.00 ($4,743 PER ACRE) TO 3 DIFFERENT BUYERS AS FOLLOWS: TRACTS 1, 2, 11 & 12 SOLD FOR $150,000, TRACTS 3, 4, 5, 6, 7, 8, 9 AND 16 SOLD FOR $915,000 AND TRACTS 10, 13, 14 & 15 SOLD FOR $195,000. ALL TRANSACTIONS ARE EXPECTED TO CLOSE ON OR BEFORE MAY 4, 2007. THANK YOU TO ALL WHO ATTENDED AND PARTICIPATED IN THE AUCTION.

CEDARVILLE AREA LAND

266+ Acre Greene County Farm in 16 Tracts

Lots from 2 to 109 Acres

Thursday ◊ March 29, 2007 ◊ 4:00 PM

Public Viewing: Representatives will be at the property on Monday, March 19from 4:00-5:30 PM or by appt.

Property Location:  Townsley Road and US 42 E., Cedarville, OH 45314.  Cedarville Township, Greene County.  From Cedarville, travel E. on US 42 approximately 1.5 miles to property.  From I-70 in Springfield, travel S. on State Route 72 to left on Fishworm Road to left on US 42.  Watch for signs.

Auction Location:  Greene County Fairground and Exposition Center Dining Hall, 120 Fairground Road, Xenia, OH 45385.

Truly something for everyone.  Hard to find Cedarville area building lots of all sizes with great walk-out basement possibilities.  Also available is farmland with productive soils and good drainage and recreational land with bike trail, streams, rolling topography, woods, and more!  We are pleased to offer a nice variety of lots ranging in size from 2 acres to 109+ acres.  Property is bordered by Massie Creek and the "Ohio to Erie Bike Trail" and features road frontage on Townsley Road, US 42 E., and Cortsville Road.  Farmland tract available with 94+ tillable acres.  Bid your preference to create a package of property from 2 acres to 266 acres and any size in-between.  Located just minutes from the Village of Cedarville and also conveniently located near the Villages of Clifton, Yellow Springs, and South Charleston.  Excellent access to major highways to Dayton, Springfield, and Columbus.  Do not miss this opportunity to purchase prime real estate at your price.  Call for complete Bidder Package.

Tract 1:     3-acre corner building lot on Townsley Road and US 42.

Tract 2:     3-acre gently rolling building lot on Townsley Road.

Tract 3:     14-acre gently rolling building lot on US 42.

Tract 4:     11-acre gently rolling building lot on Townsley Road.  Borders small stream with great walk-out basement possibilities.

Tract 5:     25-acre rolling mini-farm building lot on Townsley Road.  Borders small stream.

Tract 6:     17-acre gently rolling mini-farm building lot on Townsley Road.  Borders bike trail.

Tract 7:     5-acre gently rolling building lot on Townsley Road.  Borders bike trail.

Tract 8:     2-acre building lot on Townsley Road.  Great access to bike trail.

Tract 9:     32-acre rolling mini-farm building lot on Townsley Road.  Great opportunity for horse farm and secluded home site.  Borders stream and bike trail.

Tract 10:   10-acre rolling mini-farm building lot on Townsley Road.  Bordered by stream.  Good walk-out basement possibilities.

Tract 11:   2-acre building lot on Townsley Road.

Tract 12:   2-acre corner building lot on Townsley Road and US 42.

Tract 13:   10-acre gently rolling building lot on US 42.

Tract 14:   10-acre rolling building lot on US 42 with stream frontage.

Tract 15:   9-acre rolling building lot on US 42 with stream frontage.

Tract 16:   109+ acre partially wooded tract with 94+ tillable acres with frontage on US 42 and Cortsville Road.  Lot split possibilities for multiple building sites.  Bordered by Massie Creek with conservation land potential.  Three separate road access locations.

    Soil Complex

• Brookston
• Celina
• Eldean
• Miamian
• Ragsdale
• Russell-Miamian
• Thackery
• Xenia
• Westland

Real Estate Sale Terms

Bidding Procedure:  The property will sell by the Multi-Parcel Auction Method to the highest bidder(s).  Bidding on each of the tracts and combinations thereof during the auction will be determined by the Auctioneer.  The property will sell in the manner resulting in the highest total bid price(s), subject to the confirmation of the Seller.

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.  Purchaser to be responsible for normal & customary purchaser closing costs.

Down Payment:  Ten percent (10%) of final bid price(s) as down payment day 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 according to property tax splits prepared by Greene County Auditor's Office.  Purchaser to be responsible for any CAUV recoupment charges due to change in land use (see Bidder Package).

Closing Date:  On or before May 4, 2007.

Possession:  Date of closing.

Boundary Survey:  The Seller will provide a new boundary survey to the Purchaser(s).  All lot splits are zoned for agricultural use (i.e. single family dwellings and agricultural uses allowed).  All lot splits are subject to final approval by all necessary regulatory authorities.

Soil Surveys:  All building lots (Tracts 1-15) have been approved for private septic systems by an independent contractor.  All septic system designs are subject to approval by the Greene County Combined Health District.  See Bidder Package for details on proposed septic system design per lot.

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.

MacMillan Family, Owners