Madison County Farm Auction
Quality South-Central Madison County Farm (176+ Acres)
Auction #254107
Description
Quality south-central Madison County farm located 4 miles south of London in Union and Oak Run Townships. Highly productive soils including Kokomo, Westland and Odell-Lewisburg with tile main crossing the property. Excellent location and opportunity.
Start Wed, Nov 15th 1:00 PM US/Eastern
Address
7500 Armstrong Road
London, OH
London, OH
Description
QUALITY MADISON COUNTY FARM
176 ACRES IN ONE TRACT
Wednesday ♦ November 15 ♦ 1:00 PM
176 ACRES IN ONE TRACT
Wednesday ♦ November 15 ♦ 1:00 PM
Property Location: 7500 Armstrong Road, London, OH 43140
Auction Location: Madison County Fairgrounds, 205 Elm Street, London, OH 43140
Quality south-central Madison County farm located 4 miles south of London featuring 176+ acres with 172 tillable acres of excellent soils including Kokomo, Westland, and Odell-Lewisburg. Newly surveyed and selling in one tract. Includes 2-story home with outbuildings and road frontage on both sides of Armstrong Road in Union and Oak Run Townships. Great location with good access to Columbus, Dayton, and Cincinnati.
Marketing
MORE INFORMATION WILL BE AVAILABLE SOON!
PLEASE RETURN SOON TO DOWNLOAD A COMPLETE BIDDER PACKET AND VIEW MORE INFORMATION AND PHOTOS FOR THIS UPCOMING QUALITY FARM.
Directions
Property Location:
7500 Armstrong Road, London, OH 43140
Auction Location:
Madison County Fairgrounds
Coughlin Building
205 Elm Street, London, OH 43140
7500 Armstrong Road, London, OH 43140
Auction Location:
Madison County Fairgrounds
Coughlin Building
205 Elm Street, London, OH 43140
Preview
OPEN HOUSE:
Monday, November 6 from 4:00 to 5:30 PM
(or by appointment)
Monday, November 6 from 4:00 to 5:30 PM
(or by appointment)
Terms
SALE TERMS
Bidding Procedure: The property will sell to the highest bidder via Public Auction subject to confirmation of the Seller.
Acceptance of Bid Prices: Successful bidder will sign a Confirmation of Sale Agreement at the auction site immediately following the close of bidding. Successful online bidder will sign a Confirmation of Sale Agreement within 24 hours after Auction. Bidding IS NOT CONDITIONAL UPON FINANCING.
Down Payment: Purchaser will deposit $50,000 down payment with the Auction Company immediately upon signing of Confirmation of Sale Agreement. Onsite Purchaser will place deposit date of auction; online Purchaser will place deposit within 24 hours of auction’s end. Balance will be due at closing.
Real Estate Taxes: Real Estate taxes will be prorated to date of closing using Long Proration method. Purchaser will pay for any Current Agricultural Use Valuation recoupment fees due to a change in land use, if applicable.
Closing Date: The later of January 10, 2024, or 30 days following the new boundary survey filing with Madison County. Closing will not occur prior to January 2024. Closing will be conducted by title company of the seller's choice.
Possession: Date of closing with tenants in possession rights reserved to harvest 2023 crops.
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. Auctioneer retains full discretion to modify these terms at any time prior to or during the auction. Bidders’ use of online bidding option and bid placement constitutes acceptance and agreement to adhere to these terms. All bidders are responsible for reading all terms and conditions. Lack of knowledge of Auction Terms and Conditions will not release bidders from their obligations. Auctioneer is not responsible for the failure of any part of the bidding process or internet bidding. See additional online bidding terms online.
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.
Acceptance of Bid Prices: Successful bidder will sign a Confirmation of Sale Agreement at the auction site immediately following the close of bidding. Successful online bidder will sign a Confirmation of Sale Agreement within 24 hours after Auction. Bidding IS NOT CONDITIONAL UPON FINANCING.
Down Payment: Purchaser will deposit $50,000 down payment with the Auction Company immediately upon signing of Confirmation of Sale Agreement. Onsite Purchaser will place deposit date of auction; online Purchaser will place deposit within 24 hours of auction’s end. Balance will be due at closing.
Real Estate Taxes: Real Estate taxes will be prorated to date of closing using Long Proration method. Purchaser will pay for any Current Agricultural Use Valuation recoupment fees due to a change in land use, if applicable.
Closing Date: The later of January 10, 2024, or 30 days following the new boundary survey filing with Madison County. Closing will not occur prior to January 2024. Closing will be conducted by title company of the seller's choice.
Possession: Date of closing with tenants in possession rights reserved to harvest 2023 crops.
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. Auctioneer retains full discretion to modify these terms at any time prior to or during the auction. Bidders’ use of online bidding option and bid placement constitutes acceptance and agreement to adhere to these terms. All bidders are responsible for reading all terms and conditions. Lack of knowledge of Auction Terms and Conditions will not release bidders from their obligations. Auctioneer is not responsible for the failure of any part of the bidding process or internet bidding. See additional online bidding terms online.
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.