UPDATE: The farm sold for $651,000 ($3,809 per acre) to three different buyers as follows:

Tract 1, 2, 3, 4 & 6 = $316,000; Tract 5 = $85,000; Tract 7 = $250,000 

Clark County Farm

171-Acre Farm in 7 Tracts

Lots from 2 to 86 Acres

Wednesday ¶ February 1, 2006 ¶ 5:00 PM

 OPEN HOUSE

Monday, January 16th &

Monday, January 23rd

4:00-5:30 PM

(or by appointment)

Property Location: 6660 Jamestown Road, South Charleston, OH. From Dayton and Springfield, travel E. on I-70 to S. on State Route 41 to South Charleston.  Turn right (west) on US 42 to left (south) on Jamestown Road to property.  From Columbus and London, travel west on US 42 to South Charleston.  Turn left (south) on Jamestown Road to property.  Watch for signs.

Auction Location: South Charleston Opera House, 35 S. Chillicothe Street (SR 41), South Charleston, OH.  From the center of South Charleston at the intersection of SR 41 (Chillicothe Street) and US 42, travel south on Chillicothe Street to auction location.

Call for a complete Bidder Package. 

Tract 1: 26-acres located within the Village of South Charleston. Great potential for residential development with public utilities available from neighboring access. Contact Village of South Charleston, Clark County Planning Commission and other regulatory agencies for development potential and utility access.  Great location next to bike trail.

Tract 2: 2.5-acre building site in Madison Township neighboring Village of South Charleston. Future potential for public utility access.  See easement notes. 

Tract 3: 2.0-acre building site. Future potential for access to public utilities.  See easement notes. 

Tract 4: 2.0-acre building site. Future potential for access to public utilities. See easement notes. 

Tract 5: 5-acres improved with 2-story frame farm house featuring 1,680 square feet, 3 bedrooms, large living room, dining room, eat-in kitchen, full bath, front porch, enclosed rear porch, and full basement. Other improvements include a 1-car detached garage, frame flat barn (24’x50’) with lean-to (24’x24’), frame double corn crib (36’x42’), and 15,000 bu. round metal grain bin with stir-all and natural gas dryer. See easement notes.     

Tract 6: 47-acre farm tract featuring high percentage of tillable acres, existing tiling, and maintained drainage ditch. Property neighbors Village of South Charleston and may have future potential for development. Good producing soils featuring Kokomo and Celina series. See easement notes. 

Tract 7: 86-acre farm tract featuring high percentage of tillable acres, existing tiling, and maintained drainage ditch.  Good producing soils featuring Kokomo and Celina series.  Property borders Little Miami River.  See easement notes. 

 Soil Complex:

Kokomo

Celina

Strawn

Milford

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 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 10, 2006. 

Possession:  Date of closing.

Survey:  The Seller will provide a new survey to the Purchaser(s). All lot splits and terms of sale are contingent on approval by the Clark County Planning Commission, Clark County Combined Health District, and all other pertinent local and county governmental offices.

Natural Gas Line Easement: Gas line (Columbia Gas) easement exists on Tracts 1, 2, 3, 4, 6 and 7. Restrictions exist for use of the property within this easement. See Columbia Gas easement notes regarding general easement rules.  For full disclosure and easement restrictions, contact local Columbia Gas office.   General blanket easement to be filed on Tract 7 for private gas line through property for benefit of Tract 6.

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.

RICHARD & NANCY MATTINSON, OWNERS

Realtor/Sale Manager: Matt Sheridan