Miami County Farm (Englewood Area)

Description

UPDATE: The results of the auction are as follows: Tract 1, 2, 4, 5 and 6 sold for $260,000 and closed on 04/06/07. Tract 3 (with the house) sold for 195,000 and closed on 04/27/07.

ENGLEWOOD AREA LAND

60-Acre Miami County Farm in 6 Tracts

Thursday ◊ March 1, 2007 ◊ 4:00 PM

Open House: Monday, February 19th from 4:00 - 5:30 PM

Auction Location:  Holiday Inn Dayton Airport NW.  10 Rockridge Rd, Englewood (at the intersection of SR 48 and I-70).

Property Location:  8691 N. Montgomery County Line Rd, Englewood, OH.  From I-70 west of I-75, travel N on SR 48 (Main St) to left on N. Montgomery County Line Rd.  From Troy, travel W on SR 55 to left on SR 48 to right on N. Montgomery County Line Rd.  Located near the intersections of Diamond Mill Rd, Rangeline Rd, and N. Montgomery County Line Rd.  Watch for signs.

nglewood area farm in Great Location being sold by the Multi Par© Auction method!  60+ acres of prime land with easy access to Dayton and surrounding areas.  Existing  10-acre mini-farm featuring a nice 2-story home, 2-car detached garage, large frame barn, and other outbuildings.  Property also features 5 hard to find 10-acre building sites.  Prospective buyers can purchase individual tracts, combinations of tracts, or the entire property.  Bid your preference to create a package of property from 10 acres to 60+ acres.  Located within minutes of I-70 and I-75.

• 60+ Acres
• 10-acre building sites
• 56.4 tillable acres
• Nice 2-story home
  • 4 bedrooms
  • Full basement
  • Nice 2-car detached garage
  • Multiple outbuildings

Tracts 1-2: Two 10+ acre building sites on north side of County Line Road.

Tract 3:      10.1 acre mini-farm featuring nice 2-story home, 2-car det garage, large frame barn & other outbuildings. Open House: Monday, February 19th (4-5:30)

Tract 4:      10.1 acre building site on north side of County Line Road.

Tract 5:      10.1 acre building site on east side of Rangeline Road.

Tract 6:      10.2 acre building site on east side of Rangeline Road.

Real Estate Sale Terms

Bidding Procedure:  Property sells to the highest bidder(s) subject to confirmation of 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:  10% of final bid price as down payment (earnest money) will be deposited with the Auction Company on the date 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 using short proration method.  Purchaser to be responsible for any CAUV recoupment due to change in land use (see Bidder Packet).

Closing Date:  On or before April 6, 2007.  Purchaser will pay customary portion of closing costs at closing.

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 & agricultural uses allowed).  All lot splits and terms of sale are contingent on approval by all county and township regulatory agencies.

Easement:  Tract 1, Tract 2, and Tract 3 are subject to a 20’ wide easement for the installation and maintenance of tiling and drainage from Tract 4 to the drainage ditch located on Tract 1 and Tract 2 (see survey drawing).

Tiling: Per Miami County Health District requirements, seller will install drainage tiling prior to closing from Tract 4 through Tract 3 and Tract 2 to the drainage ditch located on Tract 1 and Tract 2.  Future septic system on Tract 4 may be required to connect to this tiling based on Health District requirements at the time of building (see Bidder Package).  Prospective buyers should contact Miami County Health District for more information on septic system installation guidelines.

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.

Owner:  Lucille Oda Trust

(Toll Free) 1.866.AtAuction (282.8284)