SOLD

119.272+/- Acres offered in 3 Tracts
OHIO LAND AUCTION

Hillsboro, Ohio, Highland County, Brushcreek Twp.

Owner: Carolyn Garen Thu, Dec 19, 2013 EASTERN

AUCTION IS OVER

TOTAL SOLD: $460,000

Tract(s): 1+2 @ $340,000 ($4,131/acre)
Tract(s): 3 @ $120,000 ($3,243/acre)

119.272+/- Acres offered in 3 Tracts • OHIO LAND AUCTION • Productive Tillable Land • Wooded Recreational Land • Three Ponds • Potential Building Sites • 6+/- miles south of Rainsboro, OH • 9+/- miles southeast of Rocky Fork State Park • 10+/- miles southeast of Hillsboro, OH • 15+/- miles south of Paint Creek State Park • 17+/- miles south of Greenfield, OH • 33+/- miles southwest of Chillicothe, OH


OPEN HOUSE/INSPECTION DATES

Saturday, December 7, 2-4PM
Meet a Schrader Representative on Tract 3 at the driveway off Skeen Rd.

PROPERTY LOCATION

Skeen Road and OH-506, Hillsboro, OH (near Carmel, OH.)
From Hillsboro, travel on OH-124 E. for 7.5 miles. Continue straight onto OH-506 E. for 3.5 miles to the property on north side of road.
From Rainsboro, travel on OH-753 S./US-50 W. for 1 mile. Turn south and continue on OH-753 S. for 4 miles to OH-506 W. Turn west and travel .5 mile to property on north side of road.

AUCTION LOCATION

Marshall Township Community Center,
11096 OH-124, Hillsboro, Ohio 45133.

From the Marathon Station at the intersection of OH-506 & OH-124 in Marshall, OH, turn on OH-124 East and travel a short distance to the Community Center on the west side of road.

TRACT DESCRIPTIONS

Tract 1: 30.4± ac with 25+/- acres tillable. The primary soil is Rassmoyne silt loam. There is easy access with frontage on OH-506 and Skeen Road. Consider the income potential here!

Tract 2: 51.8± ac of mostly tillable, productive farm land. The predominant soil types are Markland silt loam, McGary silt loam, and Hickory silt loam. There are 1485 ft. of frontage on Skeen Road. Combine Tracts 1 & 2 for over 76+/- acres tillable.

Tract 3: 37± ac with 7+/- acres of crop land. This tract offers endless possibilities with gorgeous rolling wooded land ideal for the outdoor enthusiast. Tract 3 boasts a private setting with three ponds, wildlife in abundance, and open land for food plots and crops. Investigate the potential for a possible rural estate building site with spectacular views. There is a 50 ft. owned access stone drive from OH-506 and access from Skeen Road. This tract includes a mobile home with septic and a spring fed water source.


AREA MAP

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURE: The property will be offered in 3 individual tracts, any combination of tracts and as a total 119.272+/- 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.

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 or certificate 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 property shall be given on day of closing 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. 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 all 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