• 200 Acres Tillable Land • Estate Building Sites • Over 3 Miles of Road Frontage • Recreational & Hunting Tracts • Development Potential - County Water within 600ft. • Outstanding Locaiton
261 +- Acres in 11 Tracts, 200 Acres Tillable
Cincinnati, Eaton, Oxford, OHIO
Owner: Florence P. Trust, Jean Catron Thu, Oct 7, 2010 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Thursday September 16th - 5-7 PM
Thursday September 23rd - 5-7 PM
Walk-Over Inspections Welcome
Tract 8 by appointment only
PROPERTY LOCATION
460 Bauer Rd., Somerville, OH. The farm sits on the corner of US 127 and Somerville Rd. and continues to the east with frontage on both sides of Hamilton Eaton Rd. and both sides of Bauer Rd. 10 miles north of Hamilton on 127. From Eaton, OH travel south on US127 12 miles.
AUCTION LOCATION
MILFORD TOWNSHIP COMMUNITY CENTER at 5113 Huston Road, Collinsville, OH 45004. This is the old Collinsville School and sits northeast of the intersection of SR 73 and US 127.
PROPERTY DESCRIPTION
261 +- Acres, 11 individual tracts
TRACT DESCRIPTIONS
Tract 1: 63± ac Nearly all tillable. This parcel has 1,625 ft. of frontage on Somerville Road and 3,700+- ft. fronting the right-of-way of US 127. There are two (2) existing Right-of-way entrances off of US 127. The property is nearly level and currently in crop production. Quality Eldean loam soils.
Tract 2: 27± ac Nearly all tillable. This parcel has 713 ft. of frontage on Somerville Rd. and 2,406+- ft. of frontage on Hamilton- Eaton Rd. There is a wood framed barn on the south edge of the property. Lots of frontage and productive Eldean soils.
Tract 3: 10± ac Nearly all tillable currently planted in double-crop beans. This parcel has 948+- ft. of frontage on Hamilton- Eaton Rd.
Tract 4: 7.5± ac Nearly all tillable. This parcel has 914+- ft. of frontage on Hamilton-Eaton Road and backs up to Seven Mile Creek.
Tract 5: 6± ac 5 acres tillable and the balance in pasture and stream. This parcel has frontage on Bauer Rd. and consists of predominantly Raub silt loam and Xenia soils.
Tract 6: 13± ac Nearly all tillable. This is a Swing Tract and must be purchased in combination or by an adjoining land owner. Predominantly Raub silt loam and Xenia soils. Consider combining Tracts 5, 6
Tract 7: 27± ac 27 acres tillable. Some currently in pasture land. Approximately 850 feet of frontage on Bauer Rd. Great potential estate-sized building site. Only 600+- ft. to county water.
Tract 8: 6.5± ac 2-story farmhouse, farm storage building, pond and pastureland. Nice location for your mini-farm.
Tract 9: 31± ac Mostly tillable with 1/2 mile Frontage on Bauer Rd. Approx. 3 acres of wooded area in the back. Only 600+- ft. to county water
Tract 10: 45± ac River and woodland. Own a piece of PARADISE. Beautiful tract with block building and Seven Mile Creek running through it. Great for hunting, fishing, and family recreation. Possible homesite on bluff overlooking the creek. Approximately 11 acres of income producing tillable land OR create your own wildlife food plot. There is a stone based lane that allows for near year-round access to much of this tract. WALK-OVER INSPECTIONS WELCOME!
Tract 11: 25± ac Productive land with 20 tillable acres predominately Xenia
AREA MAP
TRACT MAP(S)
AREA MAP(S)
Auction Terms & Procedures:
PROCEDURES: The property will be offered in 11 individual tracts, any combination of tracts, or as a total 261+/- 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.
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, 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: Sellers shall provide an owner’s title insurance policy in the amount of the purchase price.
DEED: Sellers shall provide a Trustee’s Deed.
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 30 days.
POSSESSION: Possession will be delivered at closing with regards to tenant’s rights of removing the 2010 crop.
REAL ESTATE TAXES: Buyer to assume the taxes for 2011 pay 2012 Seller to pay all 2010 property taxes payable in 2011.
ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions. A new perimeter survey has been completed and the complete deeded unit consists of 261.320 acres.
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. 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 acreage’s. A new perimeter survey has been completed as of August. 19th, 2010. If the property sells as a whole, the buyer will pay ½ the cost of the new survey describing 261.320 acres.
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 person’s 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
None at this time
