MIAMI COUNTY, OH FARMLAND AUCTION

Description

UPDATE:  The farm sold for $230,000 (5,473 per acre) and is expected to close on or before June 24, 2011.

MIAMI COUNTY, OH FARMLAND AUCTION

42 Acres (Miami County) in 1 Parcel

Wednesday ♦ May 18, 2011 ♦ 4:00 PM

Property Location:  SR 55 just west of Christiansburg and seven miles east of Troy.

Auction Location:  Christiansburg Fire Station, 10 W. First Street, Christiansburg, OH.  From Pike St (SR 55), turn north onto Main St and then west onto First St.

Beautiful 42-acre parcel with loads of road frontage (0.6 mile).  Located just inside the Miami County line, this property features highly productive Crosby and Celina soils and a high percentage of tillable to total acres.  This property will appeal to the farmer, the investor, and the speculator. 

Highly Productive Land

Crosby & Celina Soils

Loads of Road Frontage

All Tillable

Visit us on the web or call Auction Agents for complete Bidder Package.

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:  $15,000 down payment will be deposited with the Auction Company on the auction date 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.

Survey:  Seller will provide approved new survey at closing.

Closing Date:  On or before June 24, 2011.  Purchaser will pay customary portion of closing costs at closing.

Possession:  Immediately following harvest of 2011 grain crop in fall/winter 2011.

Cash Rents:  Cash rents will pro-rated to 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.

THE WILLIAM BRUCE SHEPARD REVOCABLE LIVING TRUST AGREEMENT

George Shepard, Trustee

Robert C. Johnston, Attorney

Toll Free:  1.866.282.8284