FAIRBORN AREA FARMLAND AUCTION
Update: The farm sold to 4 buyers for $1,441,000 ($5,848/Ac). Tract 1 sold for $650,000 ($8,454/Ac), Tract 2 sold for $700,000 ($4,389/Ac), & Tracts 3 & 4 sold for $45,500 ea. Sale expected to close by 8/16/13.
Fairborn, OH
Description
Updated 6/11/2013 @ 1:56 PM
FAIRBORN AREA FARMLAND AUCTION
WEDNESDAY ♦ JUNE 26TH ♦ 3:00 PM
Farm Location: Located at the intersections of W. Enon Road, Armstrong Road and Wilkerson Road, Fairborn, Ohio 45324 (Bath Township, Greene County).
Auction Location: Greene County Fairgrounds, 120 Fairground Road, Xenia, OH 45324
Property Description:
Tract 1: 76.886 Acres
Tract 2: 159.500 Acres
Tract 3: 5.001 Acres
Tract 4: 5.001 Acres
Total: 246.388 Acres
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We are pleased to offer this well maintained and located 247 Acre Farm, which has been a valued asset to the Wilkerson Family for over 100 years. This productive farm, located in Bath Township in northwestern Greene County, Ohio, includes 4 parcels selling by the Multi-Parcel Auction Method, allowing prospective buyers to bid on any individual tract, any combination of tracts, or the entire farm throughout the auction. The farm features approximately 180 tillable acres with productive soils and a strong history of crop yields. This is an excellent opportunity to invest in hard-to-find farmland. Tracts 1 & 2 are contiguous parcels featuring approximately 170 tillable acres, with the remaining acres mostly in woodlands and hillside pasture. Tracts 3 & 4 are approved building lots located on the east side of W. Enon Road and are currently farmed. Approximately 5,700 feet of road frontage on 3 roads. Located only 2 miles from the I-675 at the State Route 444 exit, 3 miles from State Route 235, and 5 miles from I-70, providing easy access to the Dayton, Springfield, and all surrounding areas. Come join us in a climate controlled facility for this rare opportunity to purchase quality farmland and well-located building lots. Call today for full details!
REAL ESTATE SALE TERMS
Bidding Procedure: The property will sell by the Multi-Parcel Auction Method to the highest bidder(s) subject to confirmation of the Seller. Bidders can bid on any individual tract, any combination of tracts, or the entire farm throughout the auction.
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. Bidding IS NOT CONDITIONAL UPON FINANCING.
Downpayment: $25,000 for Tract 1; $25,000 for Tract 2; and $3,000 each for Tracts 3 & 4, as down payment will be deposited with the Auction Company on the date of auction upon signing of Confirmation of Sale Agreement; balance due at closing.
Real Estate Taxes: Taxes will be prorated to date of closing using long proration method. Purchaser(s) will be responsible for CAUV recoupment due to change in land use, if applicable.
Closing Date: On or before August 16, 2013. Purchaser(s) will pay customary portion of closing costs at closing.
Possession: Date of closing, with tenants in possession rights reserved to harvest 2013 crops.
2013 Cash Rent: Prorated portion of 2013 Cash Rent to be credited to the successful buyer(s) at closing based on period from May 1 - October 31, 2013.
Agency: Sheridan & Associates, Auctioneers, Real Estate Broker, Appraisers, LLC and its representatives are Exclusive Sales Agents for the Seller.
Disclaimer & 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.
E. Ellen Williams, Virginia Roche, and Sarah Brown, Owners
Charles Swaney, Attorney
Dates
Bidding Dates
26
Jun '13
02:00 PM
America/Chicago
Preview Dates
Pre-bidding Dates
Checkout Dates
Directions
From I-675 near Fairborn, exit on OH-444 (exit 24) (aka N. Broad Street) towards Enon. From OH-444, turn right on Black Lane and left on Armstrong Road to property.
From Springfield, travel west on I-70 to south on I-675 to OH-444 towards Enon. From OH-444, turn right on Black Lane and left on Armstrong Road to property.
From Xenia, travel west on SR 235 towards Fairborn. Turn right on Dayton-Yellow Springs Road and left on W. Enon Road to property.
WATCH FOR SIGNS.
Terms
REAL ESTATE SALE TERMS
Bidding Procedure: The property will sell by the Multi-Parcel Auction Method to the highest bidder(s) subject to confirmation of the Seller. Bidders can bid on any individual tract, any combination of tracts, or the entire farm throughout the auction.
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. Bidding IS NOT CONDITIONAL UPON FINANCING.
Downpayment: $25,000 for Tract 1; $25,000 for Tract 2; and $3,000 each for Tracts 3 & 4, as down payment will be deposited with the Auction Company on the date of auction upon signing of Confirmation of Sale Agreement; balance due at closing.
Real Estate Taxes: Taxes will be prorated to date of closing using long proration method. Purchaser(s) will be responsible for CAUV recoupment due to change in land use, if applicable.
Closing Date: On or before August 16, 2013. Purchaser(s) will pay customary portion of closing costs at closing.
Possession: Date of closing, with tenants in possession rights reserved to harvest 2013 crops.
2013 Cash Rent: Prorated portion of 2013 Cash Rent to be credited to the successful buyer at closing based on period from May 1 - October 31, 2013.
Agency: Sheridan & Associates, Auctioneers, Real Estate Broker, Appraisers, LLC and its representatives are Exclusive Sales Agents for the Seller.
Disclaimer & 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.
E. Ellen Williams, Virginia Roche, and Sarah Brown, Owners
Charles Swaney, Attorney