Auction Closed
FARMLAND AUCTION
Auction #170705
Description
Ended
Tue, Jul, 27th
04:00 PM
US/Eastern
Marketing
FARMLAND AUCTION
3 * Top-Production Farms * 3
Madison & Fayette Counties
Tuesday, July 27, 2004, 1:00 PM
3 * Top-Production Farms * 3
Madison & Fayette Counties
Tuesday, July 27, 2004, 1:00 PM
Auction Location: Della Selsor Building, Madison County Fairgrounds, 205 Elm Street (SR 38), London, OH.
ATTENTION
Investors
Farmers
1031 Exchanges
We are pleased to offer these three truly outstanding farms for sale at public auction. Each of the farms has been in the Beach family for over 100 years and has enjoyed top management throughout the years. Join us for an opportunity to purchase some of the best-producing land in central and southwest Ohio. Call Auction Agents for complete Bidder Package
450 Total Acres
Auction Agents will be at Property A and Property B
Wed, July 7 and Mon, July 12, 4:00-5:30 PM
Auction Agents will be at Property A and Property B
Wed, July 7 and Mon, July 12, 4:00-5:30 PM
Farm A
11980 Selsor Moon Road
South Solon, OH
11980 Selsor Moon Road
South Solon, OH
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Total Acreage: 154.6 Acres
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Tillable Acreage: 110.1 Acres
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Soil Complex: Crosby silt loam, Kokomo silty clay loam, Miamian silt loam, & Lewisberg-Celina silt loams
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Other Features: 30-Acre forest of good mature and merchantable trees (oak, ash, walnut, cherry)
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Improvements: 1 & a half-story frame dwelling
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3 bedrooms
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1 bathroom
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1,130 square feet living area
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Current Taxes: $763 per half
Farm B
12018 Charleston-Chillicothe Road
South Solon, OH
12018 Charleston-Chillicothe Road
South Solon, OH
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Total Acreage: 215.8 Acres
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Tillable Acreage: 191.4 Acres
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Soil Complex: Crosby silt loam, Kokomo silty clay loam, Miamian silt loam
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Improvements: 2-story frame dwelling
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3 bedrooms
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1 bathroom
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1,800 square feet living area
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30,000+ bushel round metal grain drying & storage facility
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Current Taxes: $1,583 per half
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Farm C
Moon Evans Road
South Solon, OH
Moon Evans Road
South Solon, OH
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Total Acreage: 79.7 Acres
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Tillable Acreage: 79.0 Acres
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Soil Complex: Brookston silty clay loam, Celina silt loam, Crosby silt loam, Miamian silt loam.
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Current Taxes: $273 per half
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1. See 2003 & 2004 Profit & Loss Statement attachment.
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2. Please note revised tillable acreage for Farm B.
Real Estate Sale Terms
Bidding Procedure: The three properties will sell by the Multi-Parcel Auction Method to the highest bidder(s). Bidding on each of the properties and combinations thereof during the auction will be determined by the Auctioneer. The properties 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.
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. Purchaser to be responsible for any CAUV recoupment charges due to change in land use.
Closing Date: On or before August 31, 2004.
Possession: Land and Buildings - Date of closing with tenant in possession rights reserved to harvest 2004 crops and tenants in possession of dwellings occupancy rights reserved through August 31, 2004. Grain Facility - June 30, 2005.
Property Lease Terms: All three farms are currently farmed on the halves/shares system. Purchaser(s) will assume Seller's Lessor position at closing with appropriate payment for all seed and fertilizer inputs to date. Information regarding input costs will be available prior to date of auction by contacting Auction Agents or by visiting web site at www.SheridanTeam.com.
Agency: Sheridan & Associates, Auctioneers, Real Estate Broker, Appraisers, LLC and its representatives are Exclusive Sales Agents for 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.
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. Purchaser to be responsible for any CAUV recoupment charges due to change in land use.
Closing Date: On or before August 31, 2004.
Possession: Land and Buildings - Date of closing with tenant in possession rights reserved to harvest 2004 crops and tenants in possession of dwellings occupancy rights reserved through August 31, 2004. Grain Facility - June 30, 2005.
Property Lease Terms: All three farms are currently farmed on the halves/shares system. Purchaser(s) will assume Seller's Lessor position at closing with appropriate payment for all seed and fertilizer inputs to date. Information regarding input costs will be available prior to date of auction by contacting Auction Agents or by visiting web site at www.SheridanTeam.com.
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.
THEODORE L. BEACH
and
LORINDA BARTELL
Owners
Realtors/Auctioneers: Keith Sheridan & Bart Sheridan, CAI
(Toll Free) 1.866.AtAuction (282.8284)
and
LORINDA BARTELL
Owners
Realtors/Auctioneers: Keith Sheridan & Bart Sheridan, CAI
(Toll Free) 1.866.AtAuction (282.8284)