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SOLD

213 +/- Acres Offered in 5 Tracts of Prime Tillable Land, Extraordinary Rural Ohio Real Estate Auction

Sabina, Ohio - Clinton County, Wayne & Richland Townships, East Clinton School District

Owner: Craig and Cathy Beam Thu, Aug 29, 2013

AUCTION IS OVER

TOTAL SOLD: $2,200,000

Tract(s): 1-5 @ $2,200,000 ($10,328/acre)

• 213 +/- Acres offered in 5 Tracts • Extraordinary Rural Estate • Prime Tillable Land


OPEN HOUSE/INSPECTION DATES

Thursday, August 1, 5-7 pm
Sunday, August 11, 2-4 pm
Tuesday, August 20, 5-7 pm

PROPERTY LOCATION

3129 Hornbeam Road, Sabina, OH 45169 From Sabina, OH, travel on US 22/SR 3 west for 1 mile to Hornbeam Rd. Directions: Turn left (southeast) and travel 2.8 miles to the property. Watch for auction signs. From Wilmington, OH, travel on US 22/SR 3 east for 7 miles to Hornbeam Rd. Turn right (southeast) and travel 2.8 miles to the property. Watch for auction signs.

AUCTION LOCATION

Sabina Elementary School, 246 W. Washington St. (US 22/SR 3), Sabina, OH 45169. Directions: From SR 729 in downtown Sabina, travel west on W. Washington Street (US 22/SR 3) for .3 mile to school.

PROPERTY DESCRIPTION

The impressive interior, totally remodeled in 2005, boasts 5,580 sq. ft. of living space with 3 large bedrooms, 2 full and 2 half baths, and touch plate, low-voltage lighting throughout. The home is situated on a picturesque setting surrounded by mature trees and irrigated landscaping and lawn. The Klimate Master pool with a Polaris automatic cleaning system is 20 x 50 and ranges in depth from 3 to 10. There are two sets of steps and a one-meter diving board. A fantastic outdoor entertainment area with a hot tub and approximately 5,000 sq. ft. of patterned concrete and beautiful landscaping surrounds the pool.

The Gourmet kitchen is every cooks and entertainers dream featuring a built-in Sub Zero, a Viking 6-burner 60 natural gas stove with copper back splash, grill and griddle, double oven, commercial exhaust hood, 2 dish washers, granite counter tops, cherry cabinets with slide-away doors, wine rack, mixer lift, recessed lighting above and below the cabinets, additional lighted, glass-front cabinets, and numerous custom features. There is a 90 x 72 island that seats up to 14.
The main level continues with the spacious dining area with ceramic tile flooring; the family room with a beautiful fireplace and cherry crown molding; the den/library with cherry hardwood floors would lend itself as an office or a cozy area to curl up with a good book; a side entry room off of the pool area with a half-bath and floor-to-ceiling cherry cabinets; laundry area with a double-sink and cherry cabinets; and a walk-in pantry. There is a 2nd half bath and a television control center also included on the main level. The second level features 2 spacious bedrooms, a full bath, as well as a 35 x 22 master bedroom suite with cherry crown molding, his and hers double-door walk-in closets, and master bath. The master bath boasts a 45 wide shower, Jetta tub, double sinks, and sky light. In addition, there are two magnificent finished bonus rooms measuring 32 x 28 and 24 x 15 that would lend themselves to a number of uses including additional bedrooms, mother-in-law suite, etc. The larger room has a cathedral ceiling, dormer windows, and a second finished stairway leading to the garage.

The attached, finished garage has four 9.5 wide by 8 tall overhead doors with openers, a heated floor, kennels with dog doors to the outside, and double doors to access the pool area.
The Generac fully-automatic, natural gas, 25 KW generator will provide power to the entire home, pool, and outbuildings in case of an outage.
Tract 5 also features an 85 x 42 barn/airplane hangar with a concrete floor and a 42 x 1210 Hi Fold door. In addition there are three 13 x 13 box stalls. A second 24 x 22 barn is insulated with a concrete floor and overhead and walk-in doors. The third 60 x 24 barn has five 12 x 12 box stalls, a breezeway, and multiple slider doors. The property also includes 6 separate paddock areas totaling 20+/- acres with Keep Safe horse fencing and frostless water fountains. Two of the paddocks contain 24 x 12 Morton run-in sheds.

TRACT DESCRIPTIONS

Tract 1: 51.6± ac of prime, tillable cropland. Kokomo silty clay loam, Crosby-Celina silt loams, and Celina-Losantville silt loams are the predominant soil types. There are over 750 of road frontage on SR 729.

Tract 2: 51.6± ac of mostly tillable, productive farmland. Kokomo silty clay loam, Crosby-Celina silt loams, and Celina-Losantville silt loams are the primary soil types. This tract has an excellent drainage outlet via the open ditch. There are over 1,250 of road frontage on SR 729.

Tract 3: 25.7± ac of mostly tillable, prime cropland. Kokomo silty clay loam and Crosby-Celina silt loam are the two predominant soil types. The open ditch provides an excellent drainage outlet. There are over 425 of road frontage on SR 729.

Tract 4: 34.3± ac (Swing Tract) of mostly tillable, prime land with Kokomo silty clay loam and Celina-Losantville silt loam soils. This tract offers approximately 1,420 of grass strip runway. Tract 4 must be bid in combination with tracts 1, 2, or 5 or by an adjoining neighbor. Combine Tract 4 and Tract 5 for an unobstructed 2,700 grass strip runway, 100+/- wide.

Tract 5: 49.8± ac with 9.5+/- acres wooded. This tract includes the extraordinary 2-story home with a partial basement and attached 4-car garage.

FSA and Tax information available upon request


AREA MAP

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURE: The property will be offered in 5 individual tracts, any combination of tracts and as a total 213+/- acre unit. There will be open bidding on all tracts (with swing tract limitations) and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete.

DOWN PAYMENT: 10% down payment on the day of auction for individual tracts or combinations of tracts. 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: Successful bidder(s) will be required to enter into purchase agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.

EVIDENCE OF TITLE: The Seller shall provide a preliminary opinion of title to be made available to prospective bidders for review prior to bidding. If any buyer elects to purchase title insurance, the cost thereof shall be at such buyers sole expense. Seller agrees to provide merchantable title to the property subject to matters of record, general conditions of title, and similar or related matters. All tracts sold AS IS.

DEED: Appropriate deed will be delivered at closing.

CLOSING: Closing shall take place 30 days after auction date, or as soon thereafter as applicable closing documents are completed.

POSSESSION: Possession of the auction tract which includes the home shall be delivered within 30 days after closing. Possession of the other auction tracts shall be delivered subject to tenants rights for the remainder of the 2013 crop year.

REAL ESTATE TAXES: Buyer shall assume real estate taxes beginning with the 2014 calendar year taxes due and payable 2015, except that the real estate taxes for the auction tract which includes the home shall be prorated to the day of closing. If usage is changed, the Buyer is responsible for CAUV Recoupment.

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 shall share survey expense 50:50.

FSA INFORMATION: Contact Auction Company for farm number and farm bases.

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 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.