Description

UPDATE: THE FARM SOLD TO 5 DIFFERENT BUYERS FOR A TOTAL OF $674,000.

JAMESTOWN AREA FARM

137-Acre Greene County Farm in 8 Tracts

Lots from 3 to 137 Acres

Tuesday, December 6, 2005, 5:00 PM

SALE RESULTS

Tract 1 - $40,000

Tract 2 - $98,000

Tract 3 - $29,000

Tracts 4&5 - $57,000

Tracts 6, 7, & 8 - $450,000

TOTAL SALE - $674,000

Open House Dates: Monday, November 21 and Wednesday, November 30, 4:00-5:30 PM

Property Location:  238 South Charleston Road, Jamestown, OH. From Jamestown at the Greeneview Elementary School “Y”, take South Charleston Road North.  From US 42 between Cedarville and South Charleston, take Selma Road South to merge with South Charleston Road and continue South.

Auction Location:  Greene County Fairground and Exposition Center, 120 Fairground Road, Xenia, OH.

We are pleased to offer a nice variety of lot sizes ranging from a 6.6-acre lot with the existing home to building sites of 2.9–4.8 acres to 114.6 acres of prime farmland.  Farmland tracts available in sizes from 26 to 56 acres.  Excellent soil types including high concentration of well-producing Ragsdale silty clay loam and located in an established agricultural community.  Great location just north of the Village of Jamestown and with excellent access to US 35 and US 42.  Greeneview Local Schools.  Call for complete Bidder Package!

Tract 1: 4.8-acre building site at southeast corner of farm.

Tract 2: 6.6 acres including 2-story frame dwelling with 4 bedrooms, 1 bath, and over 1,900 square feet of living area.  Also includes several good outbuildings in good condition.

Tract 3: 4.3-acre building site.

Tract 4: 3.7-acre building site.

Tract 5: 2.9-acre building site at intersection of South Charleston and Rogers Roads with Rogers Road legal frontage.

Tract 6: 56.2-acre farm tract on South Charleston Road including 55+ acres of tillable ground.

Tract 7: 26.0-acre farm tract at intersection of Klontz and South Charleston Roads with 25+ acres of tillable ground.

Tract 8: 32.4-acre farm tract on Klontz Road including 31+ acres of tillable ground.

 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.

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 January 12, 2006. 

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.

ESTATE OF ERMA T. HENRY

Lester L. Ferguson, Exec & Atty

Greene Co Probate Court No 36252

Auction Manager:  Bart K. Sheridan, CAI

(Toll Free) 1.866.AtAuction (282.8284)