SOUTHERN CLARK COUNTY FARM

Description

Property sold for $275,000 ($6,117 per acre)

and is expected to close by January 25, 2016

45 Acre Farm in Southern Clark County

42 Tillable Acres with Productive Soils

Sells Thurs, December 17 at 4:00 PM

Offering this 45 Acre Farm at Public Auction on Thursday, December 17 at 4:00 PM. Located in Green Township in southern Clark County, approximately 5 miles south of Springfield and 3 miles north of Clifton.

Farm features 42 tillable acres w/good drainage, generally flat topography & 277 feet of combined frontage on Old Clifton Rd. Property features a good stand of young & mature pine trees originally planted for Christmas tree farm. Excellent soils including Miamian, Crosby & Kokomo. Great opportunity to invest in hard-to-find farm land at a reasonable price. Agriculturally zoned & approved for single family residence.

Located only miles from I-70, US 68 & State Route 72, with easy access to the Springfield, Dayton, Columbus & surrounding areas. Join us in a climate controlled facility for this rare opportunity to purchase quality farmland.

Property sells at Cedar Land Event Center, 200 Parkview Ln, Cedarville, OH 45314. Contact auction agents for bidder packet.

Bidding Procedure:  The property will sell to the highest bidder, subject to 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.  Bidding IS NOT CONDITIONAL UPON FINANCING.

Downpayment:  $15,000 as 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.  

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

Closing Date:  On or before January 25, 2016.  Purchaser will pay customary portion of closing costs at closing.

Possession:  Date of closing.

IRS Section 1031 Tax Deferred Exchange:  The seller reserves the right to use all or part of the proceeds from this transaction for the completion of an IRS Section 1031 Tax Deferred Exchange. Seller does not expect this will inconvenience Purchaser, but Purchaser will agree to comply with all reasonable requests related to the administration of the Section 1031 transaction.

Agency:  Sheridan & Associates, Auctioneers, Real Estate Broker, Appraisers, LLC and its representatives are Exclusive Sales Agents for the Seller.

Disclaimer & 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.

Contact auction agents for complete details.  Bidder Packet available for download from "Documents" tab.

Terms

Bidding Procedure:  The property will sell to the highest bidder, subject to 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.  Bidding IS NOT CONDITIONAL UPON FINANCING.

Downpayment:  $15,000 as 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.  

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

Closing Date:  On or before January 25, 2016.  Purchaser will pay customary portion of closing costs at closing.

Possession:  Date of closing.

IRS Section 1031 Tax Deferred Exchange:  The seller reserves the right to use all or part of the proceeds from this transaction for the completion of an IRS Section 1031 Tax Deferred Exchange. Seller does not expect this will inconvenience Purchaser, but Purchaser will agree to comply with all reasonable requests related to the administration of the Section 1031 transaction.

Agency:  Sheridan & Associates, Auctioneers, Real Estate Broker, Appraisers, LLC and its representatives are Exclusive Sales Agents for the Seller.

Disclaimer & 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.