Northern Perry County Farm

Description

UPDATE: The farm sold for $1,070,000.00 as follows: Tracts 1, 2, 3, 4, 5, 6, 7, 8, 9, 10 and 12 sold for $945,000 and Tract 11 sold for $125,000. Both transactions are expected to close on or before April 20, 2007.

NORTHERN PERRY COUNTY FARM

208 Acres ◊ 12 Tracts ◊ Thorn Twp

Thursday ◊ March 15, 2007 ◊ 4:00 PM

Open House: Monday ◊ March 5 ◊ 4:00-5:30 PM 

Auction Location:  Grace Lutheran Church Fellowship Hall, 65 East Columbus Street, Thornville, OH.  From SR 13 south of I-70, take SR 204 west into Thornville.  SR 204 becomes Columbus Street.

Property Location:  13700 Township Road 87, Thornville, OH (at High Point Road, Township Road 37, and Township Road 98).  From I-70 at Exit 132, take SR 13 south 6 miles to east on High Point Road.

Tracts 1-5: Build your dream home here!!  Nicely rolling 6+ acre tracts with beautiful home site possibilities.  Each lot has been approved for building.

Tract 1: 6.9 acres

Tract 2: 6.9 acres

Tract 3: 6.9 acres

Tract 4: 6.9 acres

Tract 5: 6.4 acres

Tract 6: 17.3 acres of wooded land on High Point Road and Twp Road 37.  Tremendous lot split potential remains.

Tract 7: 49.7 acres on Twp Roads 87 and 37 with 43 acres tillable.

Tract 8: 34.4 acres on Twp Road 87 with 34 acres tillable.

Tract 9: 20.2 acres with creek and wooded acreage on Twp Roads 87 and 98.

Tract 10: 38.6 acres with drainage waterway and loads of frontage on High Point Road and Twp Road 98.

Tract 11:  A beautiful home looking for loving owners.  8.8 acres with 2 houses and several outbuildings on Twp Road 87.

• 3 bedrooms
• 1.5 bathrooms
• Unfinished walkout basement
• Historic country guest house

Tract 12:  5.2 acres with multiple outbuildings and several beautiful home sites.

       Soil Complex:

• Alford
• Cincinnati
• Euclid
• Guernsey-Westmoreland
• Homewood-Westmoreland

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. Purchaser(s) to be responsible for normal & customary purchaser closing costs.

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 Perry 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 April 20, 2007.  

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).  All lot splits and terms of sale are contingent on final approval by all pertinent township and county governmental offices.

Oil and Gas Leases:  The property is subject to oil and gas leases, copies of which are contained in the Bidder Package.

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)