Northeast Clark County Farm Auction

Description

UPDATE: The farm sold for $585,500 (6,076 per acre) to 5 different buyers as follows: Tracts 1 and 2 sold for $70,000; Tract 3 (with the house) sold for $125,000; Tract 4 sold for $27,500; Tract 5 sold for $180,000; and Tract 6 sold for $183,000.

NORTHEAST CLARK COUNTY FARM

95 Acres in 6 Tracts

Thursday ♦ October 30, 2008 ♦ 4:00 PM

Open House: Monday , October 20, 2008 from 4:00-5:30 PM

Property Location:  7746 Old Columbus Rd (at Vernon-Asbury Rd), South Vienna, OH.  From I-70 east of Springfield take US Route 40 E exit (#62).  After entering onto US Route 40, make immediate turn north onto Bowman Rd.  Follow Bowman past Northeastern High School and turn east onto Old Columbus.

Auction Location:  Springfield/Clark County Shrine Club, 471 Shrine Road, Springfield, OH.  From I-70 at Exit 52 west of Springfield, take US 68 north & exit onto US 40 W.  At first light on turn north onto Upper Valley Pike and at first light turn left (west) onto Shrine Road.

7746 Old Columbus Rd

South Vienna, OH

Tract 1:   3-acre building site

Tract 2:   3-acre building site

Tract 3:   3-acre site with:

• Magnificent 1850s-era brick home
• 4 large bedrooms including guest quarters
• 3 bathrooms
• Beautiful wood floors
• Super well maintained
• 2-car detached garage
• Paved driveway
• Wonderful mature landscaping

Tract 4:   3-acre building site

Tract 5:   42-acre site with double frontage on Vernon-Asbury Rd and on both sides of Old Columbus Rd

Tract 6:   42-acre site on south side of Old Columbus Rd 

• Excellent building locations
• Woods
• Large frame barn with lean-to
• Storage shed

Call for a complete Bidder Package.

REAL ESTATE SALE TERMS

Bidding Procedure:  The property will sell to the highest bidder(s) via the Multi-Parcel Auction Method, 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:  5% 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.  Bidding IS NOT CONDITIONAL UPON FINANCING.

Real Estate Taxes:  Taxes will be prorated to date of closing using long proration method. Purchaser to be responsible for any CAUV recoupment charges due to change in land use.

Closing Date:  On or before December 5, 2008.  Purchaser will pay customary portion of closing costs at closing. All lot splits are subject to final approval by all necessary regulatory authorities.

Possession:  Date of closing with tenant in possession of row crop land rights reserved to harvest 2008 crops.

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.

Toll Free:  1.866.AtAuction (282-8284)