Noble Farm Auction

Description

UPDATE: THE ENTIRE FARM SOLD TO 1 BUYER FOR $2,500,000 AND THE TRANSACTION CLOSED ON 3-14-05.

PRIME SOUTHWEST OHIO FARM

748-Acre Greene CountyFarm in 5 Parcels

(Nearly 600 Acres Tillable)

Soil Complex: Brookston, Crosby, Eldean, Miamian, Thackery and Westland

71 Acres of Wooded Land with 15 Acres of Water

Thursday, February 10, 2004, 5:00 PM

Open House/Preview Dates:

Monday, January 24, 2005, 4:00-5:30 PM & Monday, January 31, 2005, 4:00-5:30 PM

Farm Location:  3069 SelmaJamestown Road (at Gravel Pit Road), Jamestown, OH.  From SR 72 between Cedarville and Jamestown, take Federal Road east to left (north) on Weimer Road and first right (east) on Gravel Pit.  From Jamestown, take Selma Jamestown Road south to farm.  From US 42 between Cedarville and South Charleston, take Selma Jamestown Road south to farm.

Auction Location:  GreeneCounty Fairground and Exposition Center, 120 Fairground Road, Xenia, OH.

We are very pleased to offer this beautiful and productive farm with something for everyone.  Excellent opportunity to invest in a historically secure investment vehicle.  Over 2 miles of road frontage on good GreeneCounty and RossTownship roads.  Diverse property includes 598 acres tillable, 71 acres of wooded recreation land with 15-acre lake, and 11-acre home site with historic 2-story brick home and outbuildings.  Join us for this magnificent offering real property.  

Tract 1:     306 acres of prime farmland (265 acres tillable) located on western half of farm.  Includes sodded waterway drainage and 16-acre wooded area.  Nearly 2,600 feet of frontage on Gravel Pit Road.

Tract 2:     71 acres of Sportsman’s Paradise including approximately 15-acre lake area and excellent waterfront building opportunities.  Nearly 2,700 feet of frontage on Gravel Pit Road.

Tract 3:     184 acres of good farmland (158 acres tillable) at Selma Jamestown and Gravel Pit Roads.  Includes sodded waterway drainage.  Over 4,200 feet of frontage.

Tract 4:     175 acres of good farmland (168 acres tillable) at southeast corner of farm.  Over 1,450 feet of frontage on Selma Jamestown Road.

Tract 5:     11 acres with beautiful and spacious brick 2-story home with 4 bedrooms, 1.5 baths, full walk-up attic, full basement, and over 2,900 square feet of living area.  Also includes:

• 2+ car frame garage
• Frame flat barn
• Large block shop
• Open-face shed
• Frame crib shed

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.

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 Greene 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 16, 2005.

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).

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.

CAROL JEAN NOBLE,

DIXIE DEVOE,

HELEN HAWKER – Owners

Realtors/Auctioneers:  Bart Sheridan, CAI & Keith Sheridan

(Toll Free) 1.866.AtAuction (282.8284)