Cedarville Township Farm

Description

UPDATE: The farm sold for $1,250,000 and closed on 01/10/08. All 3 tracts sold to 1 buyer.

276-ACRE GREENE COUNTY FARM

Selling in 3 Tracts from 81 to 102 Acres

Thursday ◊ November 29, 2007 ◊ 4:00 PM

Farm Location:  Barber Road and James Barber Road, Cedarville, Ohio. Located less than 2 miles northeast of the Village of Cedarville.  Watch for signs.

Tract 1:  Barber Road.  From Cedarville, travel east on US 42 E. to right on South Street (at the fire station) which becomes Barber Road.

Tracts 2 & 3:  James Barber Road.  From Cedarville, travel east on US 42 E. to right on James Barber Road.

Auction Location:  Greene County Fairgrounds, 120 Fairground Road, Xenia, Ohio.

Prime level farmland in Eastern Greene County featuring 276 vacant acres.  Highly productive soils including Ragsdale, Fincastle and Xenia.  266 tillable acres (96% tillable).  Excellent opportunity for farmers and investors as well as tax deferments (1031 Exchanges).

We are pleased to offer this rare selection of productive farmland in eastern Greene County.  Tracts ranging in size from 81 acres to 102 acres.  Join us for this Public Auction in which prospective buyers can purchase individual tracts, combinations of tracts, or the entire farm. 

Tract 1:  102 Acres.  Level farmland with productive soils featuring 100 tillable acres (98% tillable).  Over 90% Ragsdale and Xenia soils.  770 feet of road frontage on Barber Road.  Property bordered by Tract 2 on the east and the Ohio to Erie Bike Trail on the north.

Tract 2:  93.6 Acres.  Level farmland with productive soils featuring 90.3 tillable acres (96% tillable).  Mostly Ragsdale, Xenia and Fincastle soils.  752 feet of road frontage on James Barber Road.  Property bordered by Tract 1 on the west and the Ohio to Erie Bike Trail on the north.  Property also features approximately 2 acres of woodlands near the road.

Tract 3:  81 Acres.  Level to rolling farmland with productive soils featuring 75.6 tillable acres (93% tillable).  Mostly Ragsdale, Xenia, Fincastle and Miamian soils.  188 feet of road frontage on James Barber Road.  Property located near the northwest corner of Tract 1 and bordered by the Ohio to Erie Bike Trail on the south.  Property bordered to the west by Massie Creek and features nearly 3 acres of woodlands, perfect for recreational uses.  Proposed CRP waterways projected for review in 2008.

Primary Soil Types:   Ragsdale, Xenia, Fincastle, Miamian, Russell-Miamian

266 Acres Tillable (96% tillable)

Real Estate Sale Terms

Bidding Procedure:  The property will sell by the Multi-Parcel Auction Method to the highest bidder(s).  Prospective buyers can bid on individual tracts, combinations of tracts, or the entire property.  Bidding and bidding increments 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:  Five percent (5%) 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 based on the Greene County Auditor's 2006 taxes.  Purchaser to be responsible for any CAUV recoupment charges due to change in land use (see Bidder Package).

Closing Date:  On or before December 31, 2007.

Zoning:  All tracts are currently zoned for Agricultural use which, subject to zoning requirements, permits one single-family dwelling per parcel.  Road frontage on Tract 3 is less than Cedarville Township's minimum zoning requirements for residential building purposes.  For questions regarding zoning and building permits, contact Cedarville Township Zoning Inspector.

Possession:  Date of closing, with tenant's rights reserved to harvest 2007 crops, if any.

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.

Ferguson Family, Owners

 (Toll Free) 1.866.AtAuction (282.8284)