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OHIO LAND AUCTION - 160 +/- ACRES OFFERED IN 5 TRACTS IN CLARK COUNTY, OH

NEW CARLISLE, OH 45344 - Clark County, OH

Owner: Hoberty Farms LLC Mon, Oct 25, 6:00 PM

• Investment Quality Kokomo and Crosby Soils • 153+/- FSA Tillable Acres • 2022 Crop Rights to Buyer(s) • Picturesque farmstead with house, barns and bins • (2) Rural homes • 7,500 +/- feet of Road Frontage on (2) Roads • Large level fields for ease of Farming Operation


Auction Info Book


OPEN HOUSE/INSPECTION DATES

Monday, October 4th - 10am-11am
Monday, October 11th - 10am-11am
Monday, October 18th - 10am-11am

PROPERTY LOCATION

8715 & 8772 Detrick Jordan Pike, New Carlisle, OH 45344
From New Carlisle, OH, travel north on OH 235 4 miles to OH 41, then east 2 miles to Detrick Jordan Pike. Turn south (right) and travel 2 miles, the farm will start on your left

AUCTION LOCATION

SHRINE CLUB (Springfield), 471 Shrine Rd., Springfield, OH 45501
From the intersection of OH 4 and OH 41, take Upper Valley Rd north 1/2 mile to Shrine Rd. Then left 1/4 mile to the auction site. Or from the farm, travel southeast on Detrick Jordan Pk. 5 miles to Shrine Rd. Then south (right) 1.7 miles to Auction site.

TRACT DESCRIPTIONS

Tract 1: 59± ac with 57+/- FSA cropland acres. This features a nice mix of Crosby and Kokomo soils with road frontage on two sides. There is a small 1 1/2 acre wooded area at the northeast corner of the tract. Add this to your current operation or consider this as a stand-alone investment.

Tract 2: 5± ac with a 2-story country home featuring 3 bedrooms, 1 bath, attached 2-car garage and partial basement, on the north side of Detrick Jordan Pike. Come see all the possibilities this home has to offer.

Tract 3: 80± ac nearly all tillable. This is a nice rectangular field for ease of operation featuring a mix of Crosby and Kokomo soils with road frontage on Detrick Jordan Pike and Ulery Rd. Excellent investment opportunity.

Tract 4: 5± ac with a 2-story country home and farmstead. Features include (2) 10,000 bushel grain bins, 2-story livestock barn, metal-sided machinery shed, multiple garages, an open-sided livestock barn and picturesque silo.

Tract 5: 11± ac with 10+/- FSA cropland acres and a newly constructed waterway. Consider this for a country building site or combining with Tract 4.

TRACT MAP(S)

Tracts 1-5

AREA MAP(S)

PROCEDURES: The property will be offered in 5 individual tracts, any combination of tracts, or as a total 160+/- acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer.

DOWN PAYMENT: 10% down payment on the day of the auction with the balance in cash at closing. The down payment maybe made in the form of cash, cashier's 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 Seller's acceptance or rejection.

EVIDENCE OF TITLE: The Seller will provide a Preliminary Title Opinion for the review of the prospective buyer(s). If Buyer(s) elect to have title insurance, the entire cost of the owner's title insurance will be the responsibility of the Buyer(s). Seller agrees to provide merchantable title to the property subject to matters of record. All tracts sold "As-Is".

DEED: Seller(s) shall provide a Warranty Deed(s)

CLOSING: The balance of the real estate purchase price is due at closing, which will take place on or before December 1, 2021.

POSSESSION: Possession will be delivered at closing subject to 2021 lease and crop removal.

REAL ESTATE TAXES / ASSESSMENTS: Seller will pay the 2021 taxes payable in 2022 by giving a credit at closing. The property is currently enrolled in the CAUV program.

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. Any need for a new survey shall be determined solely by the Seller. 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 Seller's option and sufficient for title transfer.

EASEMENTS & LEASES: 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 person's 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. AUCTION COMPANY OR OWNER NOT RESPONSIBLE FOR ACCIDENTS.