• Prime Farmland • Level & Well-Drained • Highly Productive Soils
647 Acres Offered in 9 Tracts - Prime Farmland
Van Wert. Ohio
Owner: Butler Farms Tue, Jan 26, 2010 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
MONDAY, JANUARY 11 from 3PM -5PM
Meet a Schrader Representative at the Van Wert Co Fairgrounds - Administration Building in the EMR Room.
PROPERTY LOCATION
TRACT #1: From the intersection of US 30 and SR 224 on the north side of Van Wert, Ohio go west on US 30 for 2.5 miles to Liberty Union Rd. Turn right (north) and go .5 miles to the property on the left (west) side of the road. TRACTS #2-3: From the intersection of US 30 and SR 49 go south on SR 49 for 6 miles to SR 224 turn right (west) travel .5 miles to the property on the right (north) side of the road OR 4.5 miles south of Convey, Ohio on SR 49 to SR 224, turn right (west) on SR 224 for .5 miles to the property. TRACTS #4-6: From the intersection of Fox Road and SR 127 (Washington Street) in Van Wert, Ohio at the southeast corner of the Van Wert County fairgrounds, go south on SR 127 for 3.5 miles to Wren-Landeck Road. Turn right (west) on Wren-Landeck road go 3.7 miles to property on left or south side of the road. TRACTS #7-9: From the intersection of SR 613 and SR 49 in Payne, Ohio go east on SR 613 for 5.4 miles to CR 87. Turn right (south) on CR 87 and go .5 miles to the property. (Located on the south side of Briceton, Ohio).
AUCTION LOCATION
VAN WERT CO. FAIRGROUNDS, JR. FAIR BUILDING - From the intersection of US 30 & US 127, travel south on US 127 (Washington St). Follow south through town. Fairgrounds are on the right. ADDRESS: 1055 S Washington St., Van Wert, OH 45891
TRACT DESCRIPTIONS
Tract 1: 155± ac with 146 acres of tillable farmland featuring approximately 80% Hoytville soils. Level well drained soils with excellent yield potential plus a great location. Be prepared to bid your price.
Tract 2: 73± ac with approximately 72 acres of tillable farmland featuring Pewamo silty clay loam and Blount silt loam. Pewamo silty clay loam has a corn yield index of 175 bushels per acre according to the county surety map. Pewamo soil is one of the highest yielding soils in Van Wert County. This is a prime tract of land.
Tract 3: 10± ac featuring approximately 5 acres of woodland with 335 feet of frontage on Harrison Center Road. Investigate the potential for a possible building site, recreational retreat or good hunting tract. Rare opportunity to purchase a partially wooded tract with income potential.
Tract 4: 85± ac with approximately 84 acre of productive tillable farmland.
Tract 5: 85.8± ac with approximately 84 acres of productive tillable farmland.
Tract 6: 39± ac with approximately 38 acres of productive tillable farmland. Tract 6 is a swing tract and must be purchased by an adjoining landowner or combined with Tract 4 or 5 Combine Tracts 4-6 for a total of 209.75 acres of prime productive farmland. These 3 tracts combined feature 115 acres of Pewamo silty clay loam soil which is one of the top producing soils for corn production in the county.
Tract 7: 40± ac with 39 acres of productive tillable farmland. The tenant reported a 225 bushel per acre corn yield for the 2009 crop year.
Tract 8: 81± ac with approximately 79 acres of productive farmland. The 2009 corn yield was reported at 235+ bushels of corn per acres. Excellent drainage
Tract 9: 79± ac with approximately 78 acres of productive tillable farmland. Well drained level productive soils with excellent soybean and corn yields.
AREA MAP
TRACT MAP(S)
AREA MAP(S)
PROCEDURE: The property will be offered in 9 individual tracts, any combination of tracts and as a total 647 acres. 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 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: All successful bidders will be required to enter into Purchase Agreements 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 agrees to furnish Bidders a commitment for an owner’s policy of title insurance to review. If the Buyer(s) elect to have the title commitment executed the cost will be the responsibility of the Buyer(s). Seller agrees to provide merchantable title to the property subject to matters of record, general conditions of title, and similar or related matters.
DEED: Seller shall provide Warranty Deed(s). Real estate sold subject to all rights of way, legal highways, leases and easements of public road.
CLOSING: The balance of the purchase price is due at closing, which will take place by March 15, 2010, or as soon thereafter as Seller’s closing documents are available. Costs for an administered closing shall be shared 50:50 between Buyer(s) and Seller. All lender costs shall be paid by the Buyer(s).
POSSESSION: Possession of farmland at closing.
REAL ESTATE TAXES: Buyer shall assume 2010 taxes due in 2011. If Ohio land usage is changed, the Buyer is responsible for CAUV Recoupment.
DRAINAGE ASSESSMENTS: Buyer shall pay all drainage assessments and/or taxes due after closing.
ACREAGE: All tract acreages, dimensions, and proposed boundaries are approximate and have been estimated based on current legal descriptions and/or aerial photos.
SURVEY: The Seller shall provide a new survey 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 post auction survey. Combination purchases will receive a perimeter survey only. Each of the parent tracts have been surveyed.
PROPERTY INSPECTION: Each potential Bidder is responsible to conduct, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Please feel free to inspect the land at any other time at your own risk. Please respect the growing crops on the property.
EASEMENTS: Subject to any and all existing easements.
AGENCY: Schrader Real Estate & 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 â€
None at this time
