Description

UPDATE: The farm sold for $539,800 to 4 different buyers as follows: Tract 1: $146,000; Tract 2: $229,000; Tract 3: $163,000 and Tract 4: $1,800. All transactions are expected to close on or before March 9, 2007.

CLARK COUNTY FARM

117 Acres • 3 Tracts • Pike Twp

Thursday • February 1, 2007 • 4:00 PM

Open House: Friday • January 19, 2007 from 4:00-5:30 PM

Auction Location:  Springfield/Clark County Shrine Club, 471 Shrine Road, Springfield, OH.  From I-70 at Exit 52 west of Springfield, take US 68 north & exit onto US 40 W.  At first light turn north onto Upper Valley Pike and at first light turn left (west) onto Shrine Road.

Property Location:  2130 Myers Road, New Carlisle, OH.  From Shrine Road (see above) turn west onto Detrick Jordan Pike 2.2 miles & south onto Myers Road.  From SR 41 just east of North Hampton, take Folk Ream Road south to west on Detrick Jordan Pike & then south onto Myers Road.

Call for a complete Bidder Package!

We are pleased to represent the Baker Family in the offering of this property - available to purchase for the first time in over 100 years.  An excellent opportunity to purchase small acreage or the entire farm, including a very well-maintained older home and outbuildings.  Super soil complex with high yield history.  Just minutes from I-70 and I-675 to Dayton, Columbus, and Cincinnati, & tucked away on a small township road.  Lots of opportunities for the farmer or investor.

Tract 1:     6.19 acres with sloping topography to a small creek in the rear and improved by 2-story frame home with 4 bedrooms, 1 bath, & loads of space.  Property also includes:

• 2-car block garage
• Large bank barn with southern storage lean-to
• Block barn

Tract 2:     66.93 acres on west side of Myers Road with 1,045 feet of road frontage & tiled sod waterway.  Includes site of metal grain bins offered as Tract 4 below.  Excellent farming tract.  Approximately 65 acres tillable.

Tract 3:     44.05 acres on west side of Myers Road with 2,270 feet of road frontage.  Small wooded area in southwest corner and tiled sod waterway included.  Approximately 41 acres tillable.

Tract 4:     Round metal grain bins with approximately 7,500 bushels storage capacity & grain dryer & stirrer.

       Soil Complex

•  Celina silt loam
•  Crosby silt loam
•  Kokomo silty clay loam
•  Miamian silt loam
•  Miamian silty clay loam

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(s) 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 Clark 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 March 9, 2007. 

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).  All lot splits and terms of sale are contingent on approval by all pertinent township and county governmental offices.

Grain Facility Bidding and Removal:  Tract 4 (grain facilities) will be offered as a separate tract and may be combined with Tract 2 or any combination of tracts containing Tract 2.  If Tract 4 receives no bids, it will be considered to be a part of Tract 2 and title will pass to the Purchaser of Tract 2 at closing.  If Tract 4 sells individually to a Purchaser who does not also purchase Tract 2, Purchaser of Tract 4 will remove the grain bins and all related equipment at his/her expense on or before May 1, 2007.  Upon failure by Purchaser of Tract 4 to comply on or before May 1, 2007, with the terms of the Auction as stated above, Purchaser of Tract 2 will automatically assume ownership of the grain facilities.

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.

ESTATE OF CHARLES A. BAKER

Melvin J. Brubaker, Exec

Clark Co Probate No. 20060619

John M. (Jack) Spencer, Atty

(Toll Free) 1.866.AtAuction (282.8284)