Description

UPDATE:  THE VAN EATON FARM SOLD FOR $832,500 AS FOLLOWS:

TRACTS 1,3,4,5,6,8,9 SOLD TOGETHER FOR $650,000

TRACT 2 SOLD FOR $100,000

TRACT 7 SOLD FOR $82,500

ALL CLOSING ARE EXPECTED TO TAKE   PLACE ON OR BEFORE MAY 12, 2005.

XENIA AREA LAND

97-Acre Greene CountyFarm in 7 Tracts

Lots from 5 to 97 Acres

Existing Mini-Farm with 1.5-Story Home

Thursday, April 7, 2005, 5:00 PM

Property Location:  255 Clifton Rd, Xenia, OH.  From US 68 north of Xenia, turn E on Clifton Rd.  Property located approximately 0.5 mile east of US 68 north of Xenia.

Auction Location:  Greene County Fairgrounds and ExpositionCenter, 120 Fairground Road, Xenia, OH.

You won’t find a more beautiful selection of secluded building lots and creek-front farm ground.  We are pleased to offer this unique farm located minutes away from wherever you need to be.  Gently rolling hills, creek frontage, wooded acreage, and picturesque views make this farm an attraction you don’t want to miss.  Also a wonderful opportunity to remodel a well-constructed 1½-story home with loads of barn space.  Just minutes away from Xenia and Wright-Patterson Air Force Base, and also conveniently located near the Villages of Cedarville, Clifton , and Yellow Springs.  Excellent access to major highways to Dayton, Springfield, and Columbus.  The Van Eaton Family invites you to join us for the offering of this property in individual lots or any combinations thereof to the highest bidder(s) via the Multi-Parcel Auction Method.  Bid your preference to create a package of property from 5 to 97 acres.  Call for complete Bidder Package.

 Open House

Monday, March 21

Monday, March 28

4:00-5:30 PM

 Tract 1:     7.8-acre gently rolling mini-farm including 1½-story frame dwelling, 2-car detached garage, and 4 good outbuildings.  An excellent opportunity to remodel a well-constructed home with plenty of room for expansion.  Additional acreage available via Swing Tract 8.

Tract 2:     9.2-acre gently rolling property with 5 acres of wooded area in rear.  Good walkout basement possibilities. Additional acreage available via Swing Tract 9 .

Tract 3:     6.2-acre gently rolling property with 2½ acres of wooded area in rear.  Good walkout basement possibilities. Additional acreage available via Swing Tract 9 .

Tract 4:     5.5-acre gently rolling property with 2.5 acres of wooded area in rear.  Good walkout basement possibilities. Additional acreage available via Swing Tract 9 .

Tract 5:     5.7-acre tree-dotted rolling property on west side Tract 1.  Additional acreage available via Swing Tract 8.

Tract 6:     5.7-acre property.  Additional acreage available via Swing Tract 8.

Tract 7:     23.6-acre farm property with area on both sides of Massie Creek.  Lies within 100-year flood plain

Tract 8:     11.0-acre Swing Tract situated behind Tracts 1, 5, and 6 and with frontage on Massie Creek.

Tract 9:     22.8-acre Swing Tract situated behind Tracts 2, 3, and 4 and with frontage on Massie Creek.

Soil Complex

Casco-Rodman

Eldean

Genesee

Linwood

Sloan

Wea

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 to be responsible for normal & customary purchaser closing costs.

Swing Tracts:  Tracts 8 and 9 will be offered in combination with any contiguous tracts with qualifying road frontage or to any bidder who owns real property with qualifying road frontage contiguous to the Swing Tracts.  Any interested buyer(s) bidding on contiguous tracts with qualifying road frontage or any landowner owning contiguous land with qualifying road frontage to the Swing Tracts are eligible to bid on Swing Tracts.

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 Greene 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 May 13, 2005. 

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).

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.

MARY JANE VAN EATON

Michele Bauer, POA

Realtors/Auctioneers:  Bart Sheridan, CAI & Keith Sheridan