16.7 Acre Western Madison Co. Home

2-Story Home | 2 Large Barns | Great Potential

TIMED ONLINE AUCTION ENDING THURSDAY, OCTOBER 1st AT 3:00 PM

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This property sells by Timed Online Auction ending Thursday, October 1st at 3 PM. Located between London and South Charleston in western Madison County, this 16.7-acre property offers a scenic country setting surrounded by farmland and open skies. Newly surveyed from a larger farm, the property includes approximately 13 tillable acres, a large yard with mature trees, a farmhouse, and two barns. Plenty of room for a hobby farm, livestock, horses, gardening, recreation, or other country uses, with automatic livestock waterers near the barn. The 2-story farmhouse is surrounded by mature trees with a spacious yard for outdoor activities and gatherings, highlighted by a stately, generations-old oak towering next to the home. Offering plenty of potential to update and improve to suit the next owner's needs, the home features a front living room with hardwood floors, open kitchen and dining area, first-floor bedroom, two second-floor bedrooms, first-floor laundry, full unfinished basement, and propane boiler with hot-water baseboard heat. Outside is a 98x60 frame barn with concrete floor in the main area and an open livestock shed along one side, plus a 56x30 metal-sided detached garage/barn. A hard-to-find combination of acreage, tillable ground, substantial barn space, and an existing farmhouse with plenty of potential to create your own place in the country. Call today for full details or to schedule a private visit!

OPEN HOUSE

Monday, September 28th from 4:00 to 5:30 pm

(or by appointment)

SALE TERMS

Bidding Procedure: The property will sell to the highest bidder subject to confirmation of the Seller.

Auction Timeframe: Bidding will end Thursday, October 1, 2026, at 3:00 PM subject to Automatic Bidding Time Extension.

Acceptance of Bid Prices: Purchaser will sign the Confirmation of Sale Agreement via electronic signature or in person promptly upon presentation from Auctioneer and within 24 hours of auction close.

Down Payment: The successful bidder agrees to deliver to Auctioneer via overnight mail, wire transfer (plus $45 wiring fee), or personally delivered funds the down payment of $7,500 within 24 hours of the auction's completion. Personal delivery may be made at 200 Parkview Lane, Cedarville, Ohio. All funds will be paid for in U.S. funds. Bidding IS NOT CONDITIONAL UPON FINANCING. No VA, FHA, or USDA loans allowed.

Real Estate Taxes: Due to the recent division of the Property from a larger parcel by new survey, no real estate taxes will be prorated or credited at closing. Real estate taxes payable in 2027 may initially be billed based upon the original parcel prior to its new survey division. Buyer and Seller, or their respective successors in title, agree to cooperate in paying their respective shares of such taxes based upon the allocation or apportionment to be determined by the Madison County Auditor. Each party shall be responsible for the portion allocated to the property owned by that party.

Current Agriculture Use Valuation (CAUV): Purchaser will be responsible for filing new CAUV application by 1st Monday in March, 2027. Purchaser will be responsible for any CAUV recoupment fees due after closing, if applicable.

Transaction Closing Date: On/before November 10, 2026. Purchaser will pay customary portion of closing costs at closing. Closing to be conducted by title company of seller's choice.

Possession: On or about date of closing.

Agency: SHERIDANS 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 prior to bidding. 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 sole 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:

Online Bidding: SHERIDANS 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 sole discretion of the Auctioneer.

Automatic Bidding Time Extension: Any bid placed within five minutes of the end of an auction for any individual tract or combination of tracts will automatically extend the auction for an additional 5 minutes.

Modifications and Technical Difficulties: SHERIDANS 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, SHERIDANS and the Seller reserve the right to extend bidding, continue the bidding, or close the bidding. Neither SHERIDANS 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.