• 196+/- Tillable Acres • Buyer Receiving 2012 Crop Rights • Premium Kokomo & Celina Soils • Well-Drained & Systematically Tiled • 85,000 Bushel Brock Grain Storage • Development Potential - 1/2 Mile from Eaton • Country Home & Buildings • Outstanding Location - 4 miles South of I-70
215+/- Acres Offered in 4 Tracts of Prime Ohio Land
Eaton Ohio, Preble County
Owner: David & Alice Shafer and Rebecca Hill Wed, Feb 15, 2012 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Tuesday, JANUARY 24TH, 10AM - NOON
Tuesday, FEBRUARY 7TH, 10AM - NOON
Meet a Schrader Representative on Tract 2.
Walk-Over Inspections Welcome.
PROPERTY LOCATION
432 Alexander Rd., Eaton, OH 45320
The farm sits approximately 1 mile north of Eaton, OH just west of the intersection of US 127 and OH SR 726. From Eaton travel north on SR 127 to SR 726 then left on SR 726 1/8 mile to Alexander Rd. Left on Alexander 1/8 mile to the farm. TRACT 3 has frontage on Eaton- Gettysburg Rd. From Tract 1 continue west on Alexander Rd. to the intersection of Eaton-Gettysburg Road, then left (southeast) to the farm on the left.
AUCTION LOCATION
THE GATHERING PLACE located at 501 Nation Avenue, Eaton, OH 45320.
Located just northeast of the Preble County Fairgrounds. From the junction of US 35 and OH 122 travel south 1/4 mile to St. Clair St. then left 1 block to Nation Ave. Right 1 block to Auction.
PROPERTY DESCRIPTION
TRACTS RANGING FROM 5 ACRES TO 80 ACRES
The SHAFER FARM boasts premium soils, an outstanding location, and attractive improvements. Whether you are a crop farmer or investor, this property warrants your attention!
TRACT DESCRIPTIONS
Tract 1: 77± ac Nearly all tillable. 775 ft. of frontage on Alexander Rd. This is a great investment tract with predominately Kokomo and Celina soils. Systematically tiled. Some of the BEST SOILS in the area.
Tract 2: 5± ac With the all the improvements. 2-story remodeled home w/3 BR and 2 baths, High Efficiency Propane furnace w/central air and many other improvements. 104 ft. x 60 ft. metal-sided tool shed. Tri-level barn with heated shop, wood working area and lounge. 85,000+- bushel grain set-up w/(6) BROCK bins, (2) Sweet legs, 12,500 gallon LP tank and overhead hopper bins. The tract has 575 ft. +- of frontage on Alexander Rd. Eaton Schools.
Tract 3: 52.8± ac With 47.5+- tillable and 4 acres of woods. This tract has 250 ft. of frontage on Eaton-Gettysburg Rd. Great income producing property or potential estate building tract. Premium soils.
Tract 4: 80± ac Swing Tract with 71.5 tillable acres and 8.5+- acres of mature hardwoods. Premium soils with close proximity to the Eaton city limits. This tract can be purchased by an adjoining landowner or Buy in Combination with tracts 1 or 3. Consider combining with Tract 1 for 150+ tillable acres. Systematically tiled.
AREA MAP
TRACT MAP(S)
SOIL INFORMATION
AREA MAP(S)
PROCEDURES: The property will be offered in 4 individual tracts, any combination of tracts, or as a total 214.84+/- acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete. Tract 4 will be offered as a swing tract and must be purchased in combination with Tract 1 or Tract 3 or by an adjoining landowner.
DOWNPAYMENT: Real Estate 10% down payment on the day of the auction with the balance in cash at closing. The down payment may be made in the form of cash, cashiers check, personal check or corporate check. Your bidding is not conditional upon financing, so be sure you have arranged financing, if needed and are capable of paying cash at closing.
ACCEPTANCE OF BID PRICES: Successful bidder(s) will be required to enter into a purchase agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.
EVIDENCE OF TITLE: Seller will provide an attorneys opinion of title review.
DEED: Sellers shall provide Warranty Deeds.
CLOSING: The balance of the real estate purchase price is due at closing, which will take place within 15 days of presentation of title policy projected to be 45 days.
POSSESSION: Possession will be delivered at closing for all cropland and 30 days after closing for all improvements.
REAL ESTATE TAXES / ASSESSMENTS: Buyer to assume the taxes for 2012 pay 2013. Seller to pay all 2011 property taxes payable in 2012. 2012 Ditch assessments are the responsibility of the Buyer.
ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions.
SURVEY: A new survey will be made where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. If a survey is needed, Buyer(s) and Seller will share survey expense 50:50. Combination purchases will receive a perimeter survey only. Closing prices will be adjusted to reflect any differences between advertised and surveyed acres on tract 1,3, and 4. No adjustments will be made on tract 2 if purchased separately.
FSA INFORMATION: See Agent
EASEMENTS: Sale of the property is subject to any and all easements of record.
MINERAL RIGHTS: The sale shall include 100% of the mineral rights owned by the Seller.
AGENCY: Schrader Real Estate and Auction Company, Inc. and its representatives are exclusive agents of the seller.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the Terms and Conditions outlined in the Purchase Agreement. The property is being sold on AS IS, WHERE IS basis, and no warranty or representation, either express or implied, concerning the property is made by the seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the Sellers or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Sellers and Selling Agents reserve the right to preclude any person from bidding if there is any question as the persons credentials, fitness, etc. All decision of the Auctioneer is final.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. AUCTION COMPANY OR OWNER NOT RESPONSIBLE FOR ACCIDENTS.
Auctioneer/Broker: Rex D. Schrader #63198513759 #000314452
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