132 Acres Offered in 6 Tracts

Oxford, Ohio - Butler County, Milford Twp.

Owner: Charles & Janet Menke Tue, Nov 16, 2010 EASTERN

AUCTION IS OVER

• 100 Acres Tillable Land • Estate Building Sites • Over 2 Miles of Road Frontage - frontage on 3 sides • Bordering 4-Mile Creek • Development Potential - public water surrounding the farm • Stocked Pond, Brick Ranch Home • Outstanding Location! • 5 Miles to Miami University, 5 Miles to Hamilton, Ohio, 20 Miles North of Cincinnati • A Beautiful Property Situated in Northern Butler County! • If You're a Crop Farmer, Homeowner, or Investor, This Property Warrants Your Attention


OPEN HOUSE/INSPECTION DATES

Tuesday, OCTOBER 19TH 4-6 PM
Thursday, NOVEMBER 4TH 4-6 PM
Walk over inspections welcome!

PROPERTY LOCATION

4185 Hamilton Richmond Rd. (OH SR 177), Oxford, Ohio 45056. From Oxford, OH travel east on SR 73 4 miles to the OH-177 intersection. Turn right (south) 1 mile to farm. Situated at the south edge of Darrtown. OR just 5 miles north of Hamilton on SR 177.

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.

TRACT DESCRIPTIONS

Tract 1: 60± ac with 53 acres tillable. This parcel has 1975 ft. of frontage on Hamilton Richmond Road (SR 177). There is a new existing entrance off of SR 177. The property is relatively level and currently in crop production. Quality Eldean loam soils. The balance of this tract is in trees along 4 mile creek and in road right-of-way. 3 inch waterline along SR 177.

Tract 2: 10± ac with brick ranch home, pond and farm buildings. This is an outstanding setting with everything you need for country living. Excellent one acre stocked pond. 1750 sf three bedroom/2 bath home with formal dining room, living room, family & 4-seasons room. 2 large barns and circa 1814 stone house sit on this tract.

Tract 3: 10± ac with 7 acres tillable. 500 ft. of frontage on Hamilton Richmond Rd. and 825 ft. of frontage on South St. This could be a great potential building tract. 6 inch waterline from Southwest Regional water runs along this tract.

Tract 4: 6± ac This parcel has 465+- ft. of frontage on South St. and 275+-ft. on Darrtown Rd. currently in crop production. A 6 inch waterline runs all the way down Darrtown Rd.

Tract 5: 10± ac with 8 acres of tillable land. Outstanding potential building site. Approximately 760 ft. of frontage on Darrtown Rd.

Tract 6: 40± ac with 30 acres tillable. Over 875 ft. of Frontage on Darrtown Rd. Predominantly Raub silt loam and Xenia soils. Beautiful tract with Four Mile Creek running through southwest corner. Consider combining Tracts 1 & 3-6,for 99 tillable acres. Great combination of income producing tillable land and land for hunting, fishing, and family recreation.


AREA MAP

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURES: The property will be offered in 6 individual tracts, any combination of tracts, or as a total 132.909+/- 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 properly executed 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 for all bareland tracts. Possession for tract 2 will be 30 days after closing.

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.

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. No adjustments will be made for tract 2 if sold separately or in combination containing less than 20 acres. If the property is sold as one parcel, no new survey will be completed.

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