Xenia Township Farm Auction

Description

UPDATE:  The farm sold for $250,000 (after the auction) and closed on 04/16/10.

Xenia Township Farm Auction

72 Acres in 7 Tracts

Wednesday ♦ July 1, 2009 ♦ 5:00 PM

Property Location:  Wilberforce Switch Road, Xenia, OH. From Old US 35, East of Xenia, take Nash Road North to Wilberforce Switch Road. From US Route 42 NE of Xenia, take Wilberforce Switch Road South from Wilberforce.

Auction Location:  Greene County Fairgrounds, 120 Fairground Road, Xenia, OH.  From the 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.  Watch for signs.

Tract 1             6.6 Acres - Approved for septic

Tract 2             5.2 Acres - Approved for septic

Tract 3             5.2 Acres - Approved for septic

Tract 4             5.2 Acres - Approved for septic

Tract 5             5.2 Acres - Approved for septic

Tract 6             24.3 Acres bordering “Ohio to Erie Bike Path” (See Swing Tract Terms)

Tract 7             20.9 Acres bordering “Ohio to Erie Bike Path” (See Swing Tract Terms)

Call for complete Bidder Package!

REAL ESTATE SALE TERMS

Bidding Procedure:  The property will sell to the highest bidder(s) via the Multi-Parcel Auction Method, 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.

Swing Tracts:  Tracts 6 & 7 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:  5% 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 August 7, 2009.  Purchaser will pay customary portion of closing costs at closing.

Possession:  Date of closing with tenant in possession of row crop land rights reserved to harvest 2009 crops. Cash rent will be prorated to date of closing based on annual lease ending December 31, 2009.

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. 

Toll Free:  1.866.282.8284