SOUTHERN GREENE COUNTY, OH FARM AUCTION

Description

UPDATE: The farm sold for $833,000 (5,079 per acre) and closed on 03/31/11.

SOUTHERN GREENE COUNTY FARM AUCTION

164 Acres in 1 Tract

Wednesday ♦ March 16 ♦ 4:00 PM

Property Location:  2473 US 68 S., Xenia, Ohio (4 miles south of Xenia and 7 miles north of I-71).

Auction Location:  Greene County Fairgrounds and Exposition Center, 120 Fairground Rd, Xenia, OH.  From center of Xenia, follow N. Detroit Street (US 68) N to left (W) on W. Ankeney Mill Rd.  This becomes Fairground Rd at the corporation line.

We are pleased to offer this well maintained and located farm in Caesarcreek Township, Greene County, Ohio.  An excellent opportunity to purchase rare farmland with productive soils.  Property includes 125 tillable acres and approximately 35 wooded acres.  Property also features Cell Tower lease, renewing in April 2011, providing annual income exceeding $10,000.  House and outbuildings will be removed from property by seller prior to closing. New boundary survey.  Located just minutes from Xenia and I-71 with easy access to Dayton, Columbus and Cincinnati.  Come join us for this rare opportunity to purchase prime farmland.  Call today for full details!

Ragsdale, Reeseville, Fincastle, & Xenia Soils

Cell Tower Income

Real Estate Sale Terms

Bidding Procedure:  The property will sell to the highest bidder 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.

Down Payment:  $25,000 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.

Closing Date:  On or before April 29, 2011.  Purchaser will pay customary portion of closing costs at closing.

Possession:  Date of closing.  Purchaser shall have the right to prepare the tillable land for 2011 planting prior to closing.  All associated risks and costs shall be the responsibility of the purchaser.

Survey:  Seller to provide new boundary survey at closing.

Cell Tower Lease:  Refer to the Cell Tower Lease Agreement and Addendum located 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.

Barbara Mason Jones, Owner

David Peterson, Attorney