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*** BIDDING WILL BE VIA PHONE OR INTERNET *** IMPORTANT OHIO LAND AUCTION - 516+/- ACRES OFFERED IN 9 TRACTS IN FAYETTE COUNTY, OHIO

Washington Court House - Fayette County - Union Township

Owner: Duff Farm Company LTD Thu, Apr 30, 2020

SOLD FOR $3,940,000

This has been changed to an ONLINE ONLY / VIRTUAL PHONE BID AUCTION. The auction event will take place as scheduled. Please register in advance for real-time online bidding or to be represented through interactive phone bidding • 516+/- Acres offered in 9 Tracts • Ranging from 6+/- to 123+/- Acres • 430+/- FSA Tillable Acres • Large Fields for Ease of Farming Operation • Quality Soils in Top Agricultural Area • Great Location! Only 1 Mile South of the US 35/US 62 Interchange • Abundant Frontage on (3) Roads • (4) Homes Including Picturesque Farmstead w/Barns • 37,000 Bushel of Storage w/Nice 60 ft.x80 ft. Machine Shed • Potential Wooded and Open Land Building Tracts • 2020 Crop Rights Available to Buyer • Great opportunity for the Investor, Farmer, or Rural Home Buyer. Come examine the possibilities this farm has to offer! • 50 Miles to Dayton, OH • 75 Miles to Cincinnati, OH • 40 Miles to Columbus, OH • ONLINE BIDDING AVAILABLE You may bid online during the auction at www.schraderauction.com. You must be registered One Week in Advance of the Auction to bid online. For online bidding information, call Schrader Auction Company at 800-451-2709.

UPDATED AUCTION FORMAT
This has been changed to an ONLINE ONLY / VIRTUAL PHONE BID AUCTION. The auction event will take place as scheduled. Please register in advance for real-time online bidding or to be represented through interactive phone bidding.

ONLINE BIDDING- Download the Online Registration form from the download tab above. Complete required information and return to the auction company OR contact the AUCTION MANAGER to help in registration. Bids will be placed by you through the live interactive SCHRADER online bidding platform in real-time during the auction.
PHONE BIDDING- Call the AUCTION MANAGER today to get registered for this event. A SCHRADER representative will work with you throughout the live auction event to place your bid(s) competitively as the auction progresses.


Auction Info Book


OPEN HOUSE/INSPECTION DATES

Wednesday, April 8th from 10am-Noon
Wednesday, April 15th from 10am-Noon
Wednesday, April 22 from 10am-Noon

Meet a Schrader Representative at Tract 6 or Call for Private Showing!

PROPERTY LOCATION

From the intersection of US 35 and US 62, travel south 1 mile to the farm. Frontage on US 62 SW, Rowe Ging Rd. and Mark Road. Main farmstead is located at 3131 US HWY 62 SW, Washington Court House, OH 43160.

AUCTION LOCATION

Mahan Building at the FAYETTE COUNTY FAIRGROUNDS located at 213 Fairview Ave. Washington Court House, OH 43160. UPDATE: No On-Site Bidding

TRACT DESCRIPTIONS

Tract 1: 43± ac mostly tillable with great visibility. Just south of the city limits with US HWY 62 frontage. Consider adding this to your farming operation or examine the long term development potential. Includes 3+/- Acres of wooded land with 3 BR/1.5 BA home. This is an older farmstead with several outbuildings and barns. Address: 2461 US Hwy. 62 SW.

Tract 2: 123± ac we Ging Rd. and US 62 frontage. Nice investment opportunity. Large field for ease of farming operations. Includes 4+/- Acres of wooded land with 1 BR / 1 BA income producing rental house. Address: 2631 US Hwy. 62 SW.

Tract 3: 48± ac nearly all tillable. Nice size investment piece with predominantly Brookston soil. 1,225 ft.+/- frontage on Rowe Ging Rd.

Tract 4: 43± ac with 28+/- tillable acres. Frontage and farm lane entrance off of Rowe Ging Rd. and additional frontage on US 62 includes an open grass meadow and woods along with a 3 BR/ 1 BA home with outbuildings. Address: 2953 US Hwy. 62 SW. Examine the potential of splitting part of this off for your feature building site.

Tract 5: 123± ac with 110+/- FSA tillable acres. Quality soils and nice large field. Bordered to the south by an open ditch for potential improved drainage. Includes 4+/- acres of wooded land along US 62.

Tract 6: 6± ac y home with approx. 2,600 sf of living space featuring 3 BR and 1.5 BA. The tract has 37,000+/- bushel of grain storage, a nice 60 ft.x80 ft. machinery shed and additional outbuildings. Nice place in the country with mature trees and plenty of barn space. Address: 3131 US Hwy. 62 SW., Washington Court House, OH.

Tract 7: 34± ac with 20+/- FSA tillable acres that are systematically tiled. Frontage and access off of US 62 (Leesburg Road). Nice mix of trees and income producing tillable land.

Tract 8: 86± ac with 61+/- FSA tillable acres. This tract has frontage on Mark Road and access points off of US HWY 62. Great mix of recreational land and income producing tillable land with a beautiful tree-lined creek along Mark Rd.

Tract 9: 10± ac nearly all tillable. Productive field for row crops or consider this as an estate-sized building site.

TRACT MAP(S)

SOIL INFORMATION

AREA MAP(S)

PROCEDURES: The property will be offered in 9 individual tracts, any combination of tracts, or as a total 516+/- acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer.

DOWN PAYMENT: 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, 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 a 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 will provide a Preliminary Title Opinion for the review of the prospective buyer(s). If Buyer(s) elect to have title insurance, the entire cost of the owners title insurance will be the responsibility of the Buyer(s). Seller agrees to provide merchantable title to the property subject to matters of record. All tracts sold As-Is.

DEED: Seller(s) shall provide a Warranty Deed(s).

CLOSING: The balance of the real estate purchase price is due at closing, which will take place on or before June 12, 2020.

POSSESSION: Possession for standard farming practices will be available immediately after the auction by executing a Pre-Closing Access Agreement. Possession of all houses will be conveyed 30 days after closing. Possession of Grain Bins on Tract 6 will be August 1, 2020. CROP RIGHTS: Buyer to receive all 2020 cropping rights. (See agent for potential leaseback options).

REAL ESTATE TAXES / ASSESSMENTS: Taxes will be pro-rated to the date of closing. The property is currently enrolled in the CAUV program. Current whole farm tax is $ 21,053.00 / year.

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. 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 survey. The type of survey performed shall be at the Sellers option and sufficient for title transfer.

EASEMENTS & LEASES: 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 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. AUCTION COMPANY OR OWNER NOT RESPONSIBLE FOR ACCIDENTS.