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SOLD

LAND AUCTION - 459+/- ACRES OFFERED IN 12 TRACTS IN DEFIANCE COUNTY, OHIO

Defiance County, Ohio - Northwest Ohio

Owner: Ben & Shirley Keil Tue, Mar 15, 2016

SOLD FOR $2,100,000

• 459 +/- Acres offered in 12 Tracts • Plus 6 Grain Bins! • 7 Farms within 16+/- miles of Defiance! • 424+/- Acres tillable per FSA • Productive Soils • Immaculate shop with Heat/AC • Perfect for home-based business • Growing Wheat Crop Included with Sale of Land! • Selling Late Model, Low Hour, High Quality Farm Equipment on Thursday, March 17! Call for more information!


Auction Info Book


OPEN HOUSE/INSPECTION DATES

Thursday, February 18 from 12-2 pm
Tuesday, March 1 from 10 am - Noon
(Land & Equipment)

Information for all tracts will be available at the Inspection Dates.
Meet a Schrader Representative at Tract 5.

PROPERTY LOCATION

DIRECTIONS to Tract 1: from the intersection of CR 2 and CR 49, northeast of Hicksville 1/2 mile, travel north on CR 49 for 3 1/2 miles to Arrowsmith Road. Turn east on Arrowsmith and travel 1/3 mile to the property.
DIRECTIONS to Tracts 2-4: from the intersection of CR 2 and CR 249, northeast of Hicksville 8 miles where CR 2 turns due east, continue north on Ridenour Road 1 2/3 miles to the property.
DIRECTIONS to Tracts 5-7: from the intersection of McCavit Road and Hwy 127, north of Sherwood 5 1/2 miles, travel west on McCavit Road 1 mile to the property.
DIRECTIONS to Tract 8: from the intersection of Hwy 127 and CR 18 near Sherwood, travel west on CR 18 1/2 mile to Coy Road. Turn south on Coy Road and travel 1/4 miles to the property.
DIRECTIONS to Tract 9: from the intersection of Hwy 24 and Whetstone Road, west of Defiance 5 miles, travel south on Whetstone Road 3/4 mile to the property.
DIRECTIONS to Tracts 10-11: from the intersection of CR 18 and Ashbacher Road, northwest of Defiance 3 miles, travel south on Ashbacher to Roehrig Road then east to the property.
DIRECTIONS to Tract 12: from the intersection of Power Dam Road and Shawnee Road on the south side of Defiance (near the river) travel east on Shawnee Road 1 block to the property.

AUCTION LOCATION

Fairview Elementary School, 6289 US Hwy 127, Sherwood, OH. From the intersection of US Hwy 127 and CR 18 in Sherwood, Ohio (10 mi. west of Defiance) travel north on US Hwy 127 4 miles to Blosser Road. Turn right on Blosser Road and the Elementary School entrance is on your right.

TRACT DESCRIPTIONS

Tract 1: 42± ac mostly tillable with frontage on Arrowsmith Road. Primarily Blount and Pewamo soils. Approximately 41 acres tillable per FSA.

Tract 2: 5.5± ac all tillable with a potential building site. Imagine the possibilities! Frontage on Ridenour Rd.

Tract 3: 67± ac all tillable with frontage on Ridenour and Scott Roads. Primarily Glynwood and Blount soils. Approximately 63.36 acres tillable per FSA.

Tract 4: 43± ac SWING TRACT Mostly tillable and 5+/- acres of woods. Approximately 35.82 acres tillable per FSA. This property must be combined with Tract 3 unless bid on by an adjoining landowner providing access. Consider combining with Tracts 2 and 3 for 115+/- acres of mostly tillable and woods!

Tract 5: 3± ac including the 5,400+/- sq ft steel sided building with full heat, partial A/C, steel interior walls, concrete floor and front showroom. Perfect building for a collector or car enthusiast. Second building is 6,500+/- sq ft steel sided building with 2-story finished living area and rear shop/machine storage area w/concrete floor and heat. Grain storage to be offered separately. Imagine the possibilities for a home based business! Address is 12115 McCavit Road.

Tract 6: 52± ac tillable with frontage on McCavit Rd. and a small access on Openlander Rd. Primarily Latty silty clay soils. Approximately all tillable per FSA.

Tract 7: 40± ac tillable with frontage on McCavit and Behnfeldt Roads. Primarily Latty silty clay soils. Approximately 39.6 acres tillable per FSA. Consider combining with Tract 6 for 90+/- acres tillable!

Tract 8: 27± ac tillable with frontage on Coy Road. Primarily Latty and Fulton soils. Approximately 25.79 acres tillable per FSA.

Tract 9: 37± ac tillable with frontage on Whetstone Road. Primarily Paulding clay soils. Approximately 35.33 acres tillable per FSA.

Tract 10: 40± ac tillable with frontage on Roehrig Road. Primarily Roselms and Paulding soils.

Tract 11: 55± ac tillable with frontage on Roehrig Road. Primarily Roselms and Paulding soils. Consider combining with Tract 10 for 93.91 acres tillable per FSA.

Tract 12: 47± ac mostly tillable with roughly 1/2 mi. of river frontage. Access from Shawnee Road. Several older barns and approximately 31.21 acres tillable per FSA. Primarily Brunson and Genesee soils. Imagine the possibilities! Within Defiance city limits.

Tract 13: 0.0± ac MFS 22,000 BU BIN with airflows and screen augers

Tract 14: 0.0± ac MFS 22,000 BU BIN with airflows and screen augers

Tract 15: 0.0± ac MFS 22,000 BU BIN with airflows and screen augers

Tract 16: 0.0± ac MFS 22,000 BU BIN with airflows and screen augers

Tract 17: 0.0± ac DRYING BIN 10,000 BU

Tract 18: 0.0± ac STORAGE BIN 9,000 BU


INTERACTIVE MAP

TRACT MAP(S)

TRACT 1

TRACTS 2-4

TRACTS 5-7

TRACT 8

TRACT 9

TRACTS 10-11

TRACT 12

SOIL INFORMATION


TRACT 1


TRACTS 2-4


TRACTS 5-7


TRACT 8


TRACT 9


TRACTS 10-11


TRACT 12

AREA MAP(S)

DOWN PAYMENT: 10% down payment on the day of auction. The down payment may be made in the form of 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: The final bid price is subject to the Sellers acceptance or rejection. The successful bidder will be required to sign a Purchase Agreement at the auction site immediately following the close of the auction.

DEED: The property will be conveyed by warranty deed, free and clear of liens but otherwise subject to all roads, easements, matters of record and other permitted exceptions described in the purchase contract.

EVIDENCE OF TITLE: Preliminary title evidence will be available for review prior to the auction. Prior to closing, Seller will furnish an updated certificate of title or title insurance commitment. If Buyer elects to purchase title insurance, the cost of any title insurance shall be at Buyers sole expense.

CLOSING: The balance of the purchase price is due at closing, which will take place on or before 30 days after the auction, or as soon thereafter as closing documents can be prepared. Costs for an administered closing shall be shared 50:50 between Buyer(s) and Seller. All lender costs shall be paid by the Buyer(s).

POSSESSION: Possession of the farmland shall be at closing.

REAL ESTATE TAXES: Seller shall pay all 2015 real estate taxes. Buyer shall assume any taxes thereafter.

ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on property tax information and/or aerial mapping.

SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in this auction or where Seller otherwise determines a survey is appropriate. Any need for a new survey shall be determined solely by the Seller. Buyer and Seller will each pay half of the cost of the survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. If Seller determines a survey is needed, combined purchases will receive a perimeter survey only. Final sales price shall be adjusted to reflect any difference between advertised acres and surveyed acres.

PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries, and due diligence concerning the property. An inspection date has been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidders safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.

EASEMENTS: Subject to any and all existing easements.

AGENCY: Schrader Real Estate & 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 an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. 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 Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.