PRODUCTIVE EASTERN GREENE CO FARM
224 ACRES SELLING IN TWO TRACTS
The farm sold for $2,275,000 ($10,138 per acre) and closed June 30, 2017
11:59 PM Eastern Time (US & Canada)
Cedar Land Event Center
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Productive Eastern Greene Co Farm
224 Acres ♦ Two Tracts
Wednesday ♦ May 17 ♦ 4:00 PM
The farm sold for $2,275,000 ($10,138 per acre)
Auction Location: Cedar Land Event Center, 200 Parkview Lane, Cedarville, OH. From the middle of Cedarville (US 42 & SR 72), take N Main St south to east on Parkview.
A great opportunity to purchase productive land in the fertile area of eastern Greene County between Cedarville and Jamestown. The Straley family has farmed and managed this beautiful property for decades and is now ready to pass it on to the next generations.
Including over 212 acres of tillable land with excellent producing soils, this property has produced great yields for many years. This farm provides excellent access to US 35, I-675, I-70, & I-71 and good road frontage on both Federal and Straley Roads. An east-west drainage ditch between Tracts 1 and 2 provides excellent tiling outlet possibilities on both tracts.
Tract 1: 139.5 acres located at Federal Road and SR 72. Features 130.8 tillable acres, gravel lane access, and well and septic from former home site on Federal Rd.
Tract 2: 84.9 acres of unimproved land located at Straley Road and SR 72. Features 81.3 tillable acres.
Click on "Documents" for complete Bidder Package and Auction Brochure or contact us today to learn more about this exciting opportunity to invest in some of Southwest Ohio’s best farmland!
REAL ESTATE SALE TERMS
Bidding Procedure: The properties will sell to the highest bidder(s) via the Multi-Parcel Auction Method and subject to confirmation of the Sellers.
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. Bidding IS NOT CONDITIONAL UPON FINANCING.
Down Payment: Purchaser(s) will deposit $50,000 per tract 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(s) will be responsible for CAUV recoupment due to change in land use, if applicable.
Closing Date: On or before June 30, 2017. Purchaser will pay customary portion of closing costs at closing. Closing(s) will be conducted by Greene County Title Agency in Xenia, Ohio, unless otherwise agreed to by Sellers & Purchaser(s).
Possession: Date of closing with tenants in possession rights reserved to harvest 2017 crops.
Survey: Seller will provide a new survey for each tract conveyed.
Cash Rents: All cash rents for 2017, totaling $42,500, will be distributed to the Purchaser(s) based on the following schedule: (1) cash rent division between Tracts 1 and 2 will be prorated based on FSA acreages of 130.8 and 81.3, respectively; (2) monthly rents of $3,000 paid as of the date of closing will be credited to the Purchaser(s) at closing; (3) all additional rents will be paid directly from the tenant to the Purchaser(s) for totals of $3,000 per month through September, $5,000 per month in October and November, and a final payment of $5,500 in December.
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.
THE FAMILY OF LAURIS B. STRALEY
Eastern Time (US & Canada)