Description

UPDATE: BELOW ARE THE RESULTS OF THE AUCTION:

Tract 1-7.669 Acres-$35,000

Tract 2-7.214 Acres -$35,000

Tract 3-5.401 Acres-$38,500

Tract 4-5.393 Acres-$43,500

Tracts 5, 6, 7 & 8-12.860 Acres-$190,000

Tracts 9, 10 & 11-40.440 Acres-$82,500

Tract 12-9.136 Acres-$50,000

Tract 13, 14 & 15-43.600 Acres-$170,000

Total Price: 644,500

CEDARVILLE AREA BUILDING SITES

132-Acre Greene County Farm in 15 Parcels

Lots from 3 to 35 Acres

Tuesday ¨ March 29, 2005 ¨ 5:00 PM

Property Location:  3246 Harbison Road, Cedarville, OH .  From NW edge of Cedarville, take Bridge Street (Cedarville-Yellow Springs Rd) N to first right on Harbison.  From SR 72, take Clifton Rd W from Clifton to S on Wilberforce-Clifton and 1 mile to first left onto Harbison.  From US 42, take Wilberforce-Clifton N to right on Harbison.

 Auction Location:  GreeneCounty Fairground and ExpositionCenter, 120 Fairground Road, Xenia, OH.

 Lots in the Cedarville area are hard to find, but we are excited to be able to offer for your inspection thirteen quality building sites ranging from 3 to 35 acres.  The acreage of the original Harbison family farm will be offered in individual lots or any combinations thereof to the highest bidder(s) via the Multi-Parcel Auction Method.  Bid your preference to create a package of property from 3 to 132 acres.  Just minutes away from Cedarville and CedarvilleUniversity and also conveniently located near the Villages of Clifton and Yellow Springs.  Excellent access to major highways to Dayton, Springfield, and Columbus.  Call for complete Bidder Package.

Soil Complex

Algiers

Birkbeck

Eldean

Fincastle

Miamian

Ragsdale

Russell-Miamian

Xenian

Tract 1:     7.7 acres with 401’ frontage on west side of Harbison Road.

Tract 2:     7.2 acres with 400’ frontage on west side of Harbison Road.

Tract 3:     5.4 acres with 300’ frontage on west side of Harbison Road.

Tract 4:     5.4 acres with 300’ frontage on west side of Harbison Road.

Tract 5:     3.8 mostly wooded acres with plenty of privacy at northern part of farm.

Tract 6:     3.1 acres with 300’ frontage on east side of Harbison Road.

Tract 7:     3.0 acres with 300’ frontage on east side of Harbison Road.

Tract 8:     3.0 acres with 300’ frontage on east side of Harbison Road.

Tract 9:     Swing Tract with 13.7 acres.  Can be attached to Tracts 5, 6, or 7 or to any adjacent land owner with qualifying road frontage.

Tract 10:   Swing Tract with 11.4 acres.  Can be attached to Tracts 7, 8, or 11 or to any adjacent land owner with qualifying road frontage.

Tract 11:   15.3-acre mini-farm with 509’ frontage on east side of Harbison Road.  Good options for walkout basement; nice wooded area in rear of property.

Tract 12:   9.1-acre mini farm with 300’ frontage on east side of Harbison Road.  Good options for walkout basement;.

Tract 13:   4.5 acres with 300’ frontage on east side of Harbison Road.

Tract 14:   4.1 acres with 300’ frontage on east side of Harbison Road.

Tract 15:   35.0-acre mini-farm with 464’ frontage on east side of Harbison Road.

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.

Swing Tracts:  Tracts 9 and 10 will be offered in combination with any contiguous tracts with qualifying road frontage or to any bidder who owns real property with qualifying road frontage contiguous to the Swing Tracts.  Any interested buyer(s) bidding on contiguous tracts with qualifying road frontage or any landowner owning contiguous land with qualifying road frontage to the Swing Tracts are eligible to bid on Swing Tracts.”

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 6, 2005. 

Possession:  Date of closing.

Survey:  The Seller will provide a new survey to the Purchaser(s).  All lot splits are zoned for agricultural use (i.e. single family dwellings and agricultural uses allowed).

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.

WILLIAM SWAIM

WILLIAM PURDOM

JANE GIBSON

WILLIAM WADDLE, Owners

Realtors/Auctioneers:  Bart Sheridan, CAI & Keith Sheridan

(Toll Free) 1.866.AtAuction (282.8284)