Southern Greene County Farm (Spring Valley Twp.)

Description

UPDATE: The farm sold for $732,000 ($10,195 per acre) to 4 different buyers as follows: Tracts 1, 2 & 3 sold for $366,000 and closed on 04/10/08; Tracts 6 & 7 sold for $165,000 and closed on 04/11/08; Tract 4 sold for $86,000 and closed on 04/04/08; and Tract 5 (with the house and barns) sold for $115,000 and closed on 04/03/08.

SPRING VALLEY TOWNSHIP FARM AUCTION

72 Acres offered in 7 tracts

6 Building Sites ♦ Older Frame Home

Thursday ♦ March 13, 2008 ♦ 4:00 PM

Open House: Monday, March 3, 2008 from 4:00-5:30 PM

Property Location:  346 Richland Rd, Xenia, OH.  From SR 380 S of Xenia, take W Krepps Rd W to first left (S) onto Richland Rd.

Auction Location:  Greene County Fairgrounds, 120 Fairground Road, Xenia, OH.  From the center of Xenia, follow N. Detroit St (US 68) N to left (W) on W Ankeney Mill Rd.  This becomes Fairground Rd at the corporation line.  Watch for signs. 

Scenic & Beautiful

There will be few opportunities this year that can compare with the selection of building sites available on this property.  Beautiful and scenic lots featuring open countryside and forested areas allow many options for your home placement.  Prospective buyers can purchase individual tracts, combinations of tracts, or the entire farm to meet specific needs.  Centrally located with excellent access to all local highways and just minutes from Xenia and Wilmington.  Your home in the country of Southern Greene County awaits your inspection. 

Visit us on the web or call today for a complete Bidder Package.

Tract 1:  11.4-acre building site on the north side of Richland Rd.

Tract 2:  11.0-acre building site with partially wooded land

Tract 3:  16.7-acre building site with mostly wooded land and good drainage access

Tract 4:  11.9-acre building site on the north side of Richland Rd.

Tract 5:  2.0 acres with  1.5-story frame home featuring 3 bedrooms, 1 bath, partial basement, good outbuildings/barns and storage.

Tract 6:  10.0-acre building site on the north side of Richland Rd.

Tract 7:  8.8-acre building site on south side of Richland Rd and 1,026 feet of road frontage.

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%) 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 according to tax split information provided by the Greene County Auditor's office. Purchaser to be responsible for any CAUV recoupment charges due to change in land use.

Survey:  The property has been surveyed and the new survey will accrue to the benefit of the Purchaser(s). All lot splits are zoned for agricultural use (i.e. single family dwellings and agricultural uses allowed).  All lot splits are subject to final approval by all necessary regulatory authorities.

Tiling Easement:  The Seller has caused a septic curtain drain tiling easement to be placed on the property as required by Spring Valley Township.  Such tiling has been completed according to the specifications of the Greene County Combined Health District and the Greene County Soil and Water Conservation District.  See the Bidder Package for complete details.

Closing Date:  On or before April 18, 2008.  Purchaser will pay customary portion of closing costs at closing.

Possession:  Date of closing.

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.

JESSE JOHNSON, JR. ESTATE

Larry E. Johnson, Exec

David L. Pendry, Atty

Greene Co. Probate No.  37790