95-ACRE MADISON COUNTY FARM


STOKES TWP  MADISON COUNTY

95.3 Total Acres  93.7 Acres Tillable

SOLD for $750,000 ($7,928/Acre)

LIVE ON-SITE AUCTION
Began: 10/04/17 at 4:00 PM EDT
Location: Stokes Twp Fire Department, 7105 East Main Street, South Solon, OH 43153

WESTERN MADISON COUNTY LAND AUCTION

95 Acres 1 Tract

Wednesday October 4 4:00 PM

SOLD for $750,000 ($7,928/Acre)

We look forward to offering for your bidding this excellent investment and production farm. Owned by a strong farming family for over two decades, the farm features super productive soils with a maintained drainage ditch along the west side and through the southwest corner – plenty of tile outlet possibilities. Features road frontage in both Stokes Twp and the Village of South Solon.

 Don’t miss an opportunity to bid on this quality farm!

 

Soils:

Kokomo (54%)

Crosby-Lewisburg (43%)

 

93.7 Acres Tillable

REAL ESTATE SALE TERMS

Bidding Procedure: The property will sell in its entirety to the highest bidder subject to 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. Bidding IS NOT CONDITIONAL UPON FINANCING.

Down Payment: Purchaser will deposit $50,000 as down payment with the Auction Company on the date of auction upon signing of Confirmation of Sale Agreement; balance due at closing.

Real Estate Taxes: Taxes will be prorated to date of closing using long proration method. Purchaser  will be responsible for any CAUV recoupment due to change in land use, if applicable.

Closing Date: On or before November 17, 2017. Purchaser will pay customary portion of closing costs at closing.

Closing Agency: The closing for this transaction will be managed and conducted by City Title Agency at their Springfield, Ohio, office unless otherwise agreed by all parties.

Possession: Date of closing with tenant in possession rights reserved to harvest 2017 grain crop by December 31, 2017.

Agency: Sheridan & Associates, Auctioneers, Real Estate Broker, Appraisers, LLC and its representatives are Exclusive Sales Agents for the Seller.

Disclaimer & Absence of Warranties: All information contained in this brochure and all related materials is 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.

Property Location: Property is situated at the west edge of the Village of South Solon on Federal Rd (SR 323).

Auction Location:Stokes Twp Fire Department, 7105 E Main St, South Solon, OH

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Sheridan & Associates

http://www.SheridanTeam.com

200 Parkview Lane Cedarville, OH 45314

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