Auction Closed
Madison County Farm Auction
Quality South-Central Madison County Farm (176+ Acres)
Auction #254107
Description
FARM SOLD FOR $3,300,000 ($18,645 per acre) and is expected to close by Jan 10, 2024. Live & Online Bidding available. Quality 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 county-maintained ditch along the southern border for great tiling outlets. Excellent location and…
Ended
Wed, Nov, 15th
03:00 PM
US/Eastern
Address
7500 Armstrong Road
London, OH
London, OH
Description
QUALITY CENTRAL 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
FARM SOLD FOR $3,300,000 ($18,645 per acre) and is expected to close by January 10, 2024.
Property Location: 7500 Armstrong Road, London, OH 43140
Auction Location: Madison County Fairgrounds, 205 Elm Street, London, OH 43140
Quality 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 and only minutes from I-70 and I-71. Don't miss this opportunity to purchase prime farmland in the heartland of Ohio.
The auction will be held on Wednesday, November 15th at 1:00 at the Coughlin Automotive Community Center at the Madison County Fairgrounds with Live and Online Bidding available. For online bidding, click on the "Bid Now" link and go to Login/Register to register to bid.
Call today for full details and download a complete Bidder Package for sale terms and property details.
Marketing
FARM SOLD FOR $3,300,000 ($18,645 per acre) and is expected to close by January 10, 2024.
OUTSTANDING OPPORTUNITY TO PURCHASE PRIME FARMLAND IN CENTRAL OHIO!
CALL TODAY FOR FULL DETAILS OR TO SCHEDULE A VISIT.
Join us on Wednesday, November 15th at the Madison County Fairgrounds for this outstanding opportunity. Live and Online Bidding Available. Download a complete Bidder Package for property details and sale terms.
A Public Open House will be held on Monday, November 6th from 4:00 to 5:30 pm (or by appointment).
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.
Survey: The seller will provide a new boundary survey in one parcel 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.
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.
Additional Online Bidding Terms:
PLEASE NOTE: All online bidders agree that they have read and fully understand these terms and agree to be bound thereby:
No Online Bidding Fees: No buyer premiums or other online bidding fees will be charged for online bidding.
Online Bidding: 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. "Max bids" will be accepted (i.e. bidders may enter a starting bid with an automatic "not to exceed" bid). The auction will end at the stated time and all "SOLD" tracts will be deemed sold at the same time based on the winning set of bids and upon Seller's confirmation. Bidding increments are at the discretion of the Auctioneer.
Live and Online Bidding: Online Pre-bidding will be available prior to the start of the live auction. Once the live auction begins at the published date and time, online bidding and bidding increments will be determined by the auctioneer. Online and live bidding will end at the same time at the discretion of the auctioneer. There will be no extended online bidding period after the end of the live bidding.
Modifications and Technical Difficulties: Auctioneer retains full discretion to modify the date, time, order, and details of the auction for any reason or no reason at all, including but not limited to technical issues, emergencies, and convenience of Auctioneer or the Seller.
In the event that there are technical difficulties related to the server, software or any other online auction-related technologies, Sheridan and the Seller reserve the right to extend bidding, continue the bidding, or close the bidding. Neither Sheridan nor the Seller shall be held responsible for a missed bid or the failure of the software to function properly for any reason. Email notifications may be sent to registered bidders with updated information as deemed necessary.
Bidder’s Agreement: Your use of this online bidding option constitutes your acceptance and agreement to adhere to these terms. Please print a copy for your records. All bidders are responsible for reading all terms and conditions carefully. Lack of knowledge of Auction Terms and Conditions will not release bidders from their obligations.
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.
Survey: The seller will provide a new boundary survey in one parcel 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.
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.
Additional Online Bidding Terms:
PLEASE NOTE: All online bidders agree that they have read and fully understand these terms and agree to be bound thereby:
No Online Bidding Fees: No buyer premiums or other online bidding fees will be charged for online bidding.
Online Bidding: 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. "Max bids" will be accepted (i.e. bidders may enter a starting bid with an automatic "not to exceed" bid). The auction will end at the stated time and all "SOLD" tracts will be deemed sold at the same time based on the winning set of bids and upon Seller's confirmation. Bidding increments are at the discretion of the Auctioneer.
Live and Online Bidding: Online Pre-bidding will be available prior to the start of the live auction. Once the live auction begins at the published date and time, online bidding and bidding increments will be determined by the auctioneer. Online and live bidding will end at the same time at the discretion of the auctioneer. There will be no extended online bidding period after the end of the live bidding.
Modifications and Technical Difficulties: Auctioneer retains full discretion to modify the date, time, order, and details of the auction for any reason or no reason at all, including but not limited to technical issues, emergencies, and convenience of Auctioneer or the Seller.
In the event that there are technical difficulties related to the server, software or any other online auction-related technologies, Sheridan and the Seller reserve the right to extend bidding, continue the bidding, or close the bidding. Neither Sheridan nor the Seller shall be held responsible for a missed bid or the failure of the software to function properly for any reason. Email notifications may be sent to registered bidders with updated information as deemed necessary.
Bidder’s Agreement: Your use of this online bidding option constitutes your acceptance and agreement to adhere to these terms. Please print a copy for your records. All bidders are responsible for reading all terms and conditions carefully. Lack of knowledge of Auction Terms and Conditions will not release bidders from their obligations.