CLARK & GREENE COUNTY FARMLAND AUCTION
Farm sold to one buyer for $1,100,000 ($8,252 per acre) and is expected to close by May 26, 2023.
($8,252 per acre)
and is expected to close by May 26, 2023
What a great opportunity at the Greene and Clark County line! 133+ acres of great farmland with natural drainage, well-maintained sod waterways, and quality soils (predominantly Kokomo, Miamian, and Eldean complex). Includes 85.7 tillable acres, 19 acres of wooded property with road frontage, and 10 acres currently in pasture. Located between South Charleston and Cedarville and within easy driving distance to Columbus, Dayton, and Springfield.
SELLING IN 2 TRACTS OR ALL TOGETHER!
58.0 acres with approximately 54 acres tillable. Great soils and good natural drainage with rolling topography. Over 2,260 feet of road frontage! $9,673 cash rent.
75.3 acres of diverse use land, including 19-acre stand of mixed hardwoods and 31 acres tillable. Several good building sites and nearly 900 feet of road frontage. $5,588 cash rent.
Contact us today to learn more about this exciting opportunity to invest in quality, productive, and beautiful southwest Ohio farmland!
Property Location: 7491 London Rd, South Charleston, OH (5.5 mi E of Cedarville and 4 miles west of South Charleston)
Auction Location: CEDAR LAND EVENT CENTER, 200 Parkview Ln, Cedarville, OH
Bidding Procedure: The properties will sell to the highest bidder(s) via Public Auction using the Multi-Parcel Auction Method. The properties will sell subject to confirmation of the Seller.
Acceptance of Bid Prices: Successful bidder(s) will sign a Confirmation of Sale Agreement at the auction site immediately following the close of bidding. Successful online bidder(s) will sign a Confirmation of Sale Agreement within 24 hours after Auction. Bidding IS NOT CONDITIONAL UPON FINANCING.
Down Payment: Purchaser(s) will deposit $20,000 per tract ($30,000 if purchasing both tracts) as down payment with the Auction Company upon signing of Confirmation of Sale Agreement. Onsite Purchaser(s) will place deposit date of auction; online Purchaser(s) will place deposit within 48 hours of auction’s end. Balance will be due at closing.
Real Estate Taxes: No 2023 property tax proration will be recognized at closing (see below for Cash Rent discussion). All 2022 property taxes (payable in 2023) will be credited to Purchaser(s). Purchaser(s) will be responsible for any Current Agricultural Use Valuation (CAUV) recoupment fees due to a change in land use initiated by Purchaser(s).
Closing Date: May 26, 2023, time being of the essence.
Possession: Date of closing, subject to tenant's in possesision right to havest 2023 grain crop.
Cash Rent: All 2023 cash rents ($15,261 annual) will be paid by tenant farmer to new owner(s) (Tract 1 - $9,673 and Tract 2 - $5,588) as follows: (1) first half will be paid following closing; (2) second half will be paid following harvest.
Agency: SHERIDANS LLC and its representatives are Exclusive Sales Agents for the Seller.
Online Bidding: Auctioneer will accept online bids during auction in real time. See online bidding terms on bidding platform.
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 auction marketing information 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.