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LAND AUCTION - 215+/- ACRES OFFERED IN 6 TRACTS IN VAN WERT COUNTY, OHIO

Van Wert County, Ohio

Owner: Bruce & Christina Buchan Tue, Jul 12, 2016

SOLD FOR $1,451,000

• 215+/- Acres offered in 6 Tracts • Productive, Tillable Land • Recreational Land & Woods • Pond • Online Bidding Available


Auction Info Book


OPEN HOUSE/INSPECTION DATES

Meet a Schrader representative at tract 5 along Richey Road.
MONDAY, JUNE 20 & WED., JUNE 29 from 5-7PM

PROPERTY LOCATION

Pleasant Township, Sect. 4
Located on both the north and south sides of U.S. 30, Between Richey and Liberty Union Roads.

AUCTION LOCATION

Van Wert County Fairgrounds, 1055 S. Washington St.

TRACT DESCRIPTIONS

Tract 1: 10± ac Located south of U.S. 30, take Richey Rd., south to property. This tract has Road frontage along both Terry Rd. and Richey Rd. It is mostly tillable, and is bordered by the Hoaglin Creek on the east property line. The south property line is the Railroad right-of-way. The soils on this tract are predominantly Haskins loam. This tract offers a potential mini farm site!

Tract 2: 46.5± ac Located adjacent to the east of Tract 1, this tract has road frontage along Terry Rd. It is all tillable with mostly Haskins loam and some Nappanee silt loam.

Tract 3: 9.7± ac Located south and along U.S. 30, and access off of Terry Rd. This tract is being offered as a Recreational Use parcel. The Hoaglin Creek forms the entire west property line. There is a pond on the north end of this property. The trees and much low growing shrubbery create a perfect sanctuary for deer.

Tract 4: 39.9± ac This tract has road frontage and access along Terry Rd. It also has a large amount of frontage along U.S. 30. It is all tillable with mostly Haskins loam and some Nappanee along the west.

Tract 5: 16.2± ac This tract lies north of U.S. 30 with access off of Richey Rd. There is a 20 ft. access easement across the State Right-of-way into this tract off of Richey Rd. There is approximately 8 acres of tillable land and 8 acres of wooded land. The Hoaglin Creek is the east property line of this tract. A good part of this tract is in flood plain.

Tract 6: 93± ac This tract is located adjacent to the east of Tract 5. It is all tillable with mostly Hoytville soils with some pockets of Nappanee. This tract runs along U.S. 30. There is a recorded 25 ft. access easement off of Liberty Union Rd. back to this property.


INTERACTIVE MAP

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURE: The property will be offered in 6 tracts and any combination of the tracts. There will be open bidding on all tracts and the combination of tracts during the auction as determined by the Auctioneer.

DOWN PAYMENT: 10% down payment on the day of auction with the balance in cash at closing. 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. Buyer shall receive immediate possession with an additional 10% down on day of sale.

ACCEPTANCE OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auctions site immediately following the close of the auction. Sale is subject to the Sellers approval.

DEED: Seller shall provide a Warranty Deed and an Attorneys Certificate of Title.

CLOSING: The balance of the purchase price is due at closing, which will take place on or before August 19, 2016. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Seller. The closing shall be at the office of Dillon W. Staas, Atty. at Law, Van Wert, Ohio.

POSSESSION: On all tillable acres, possession shall be subject to the tenant farmers 2016 crop. Tract 3 shall be given on the day of closing.

REAL ESTATE TAXES: The Real Estate taxes shall be pro-rated to the day of closing.

ACREAGE: All tract acreage, dimensions and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.

SURVEY: The Seller shall provide a new survey where there is no existing legal description or where the tract divisions in this auction create new boundaries. Solely the Seller shall determine any need for a new survey. Seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance.

AGENCY: Schrader Real Estate & Auction Co. 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. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conduct of his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in the brochure is subject to verifications by all parties relying on it. The Seller or the Auction Company assumes no liability for its accuracy, errors, or omissions. Conduct of the auction and increments of bidding are at the 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.

It is illegal, pursuant to the Ohio Fair Housing Law, Division (H) of Section 4112.02 of the Revised Code and the Federal Fair Housing Law 42 U.S.C.A. 3601, to refuse to sell, transfer, assign, rent, lease, sublease, or finance housing accommodations, refuse to negotiate for the sale or rental of housing accommodations, because of race, color, religion, sex, familial status, as defined in Section 4112.01 of the Revised Code, ancestry, disability as defined in that section, or national origin or to so discriminate in advertising the sale or rental of housing, in the financing of housing, or in the provision of real estate brokerage services.

ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.