South Vienna Real Estate Auction

SOUTH VIENNA REAL ESTATE AUCTION

3 Properties * Beautiful Country * Northeastern Schools

Tuesday, May 9, 2006, 5:00 PM  

Open House

Monday, May 1

4:00-5:30 PM

(at Tract 1 house)

 Location:  911 N. Houston Pike, South Vienna, OH.  From I-70 E of Springfield, take Exit 66 (SR 54) & turn S toward South Vienna.  Turn (E) left onto E. National Rd (US 40 E).  Turn N (left) onto N Houston Pike.  Watch for signs.

Tract 1:  13.2 acres including 2-story frame home with 3 bedrooms, 1 bath, & over 2,000 square feet of living area.  Also, good outbuildings including large metal pole barn with 4 horse stalls; open faced metal pole barn.  Large amount of pasture area.  Plenty of opportunities to raise horses or other small or large livestock in a great location.

Tract 2:  3.6-acre building lot on east side of N Houston Pike.  Nice slightly rolling lot with great building potential.

Tract 3:  18.9-acre lot on east side of N Houston Pike. Plenty of area to build your version of heaven.

Call for complete Bidder Package.

Real Estate Terms

Bidding Procedure:  The properties will sell by the Multi-Parcel Auction Method to the highest bidder(s). 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 will sign a Confirmation of Sale Agreement at the auction site immediately following the close of bidding.  All lot splits subject to final approval by all appropriate county and township regulatory authorities.

Down Payment:  Ten percent (10%) 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 using long pro-ration method.

Tract 3 Rezoning:  Seller has submitted rezoning application to Clark County Planning Commission seeking rezoning of this tract from A10 (Agricultural) to A1 (Agricultural Residential) to allow for its separation from the Seller’s remaining acreage.  Tract 3 will be offered for sale subject to final approval of rezoning request by Clark County Planning Commission.

Closing Date:  Tracts 1 and 2—on or before June 9, 2006; Tract 3—on or before the later of June 9, 2006 or 14 days following final approval of rezoning request (see above).  Purchaser(s) will pay customary portion of closing costs at closing.

Possession:  Date of closing subject to tenant’s rights reserved to harvest 2006 grain 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.

F. WILLIAM NACHTRIEB and

JACOB METZ ESTATE, Owners

Clark Co Probate Case No. 20050386

Susan Williams, Exec

Andrew Elder, Attorney

(Toll Free) 1.866.AtAuction (282.8284)