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SPECTACULAR LAND AUCTION 733.77+/- ACRES OFFERED IN 14 TRACTS IN HANCOCK COUNTY, OHIO

16570 TR 56, Bluffton, OH 45817 - Hancock County, OH

Owner: Kinder-Segen LLC & Teresa A Rieman Living Trust Thu, Jun 29, 2023 EASTERN

AUCTION IS OVER

TOTAL SOLD: $8,915,000

Tract(s): 1-3+14	@ $4,100,000	($14,278/acre)
Tract(s): 4	@ $800,000	($14,155/acre)
Tract(s): 5-7	@ $950,000	($9,360/acre)
Tract(s): 8	@ $1,350,000	($10,414/acre)
Tract(s): 9	@ $10,000	($3,249/acre)
Tract(s): 10	@ $105,000	($4,128/acre)
Tract(s): 11-13	@ $1,600,000	($12,225/acre)

• 689.18 FSA Cropland Acres • High Quality Soils • Nearly all contiguous • Pattern tiled-maps available • Outstanding recent yields- reports available • Great visibility along both sides of I-75 • Tracts ranging from 3+/- acres to 165+/- acres in size • Potential building sites

UDPATED Info Book

OPEN HOUSE/INSPECTION DATES

Tuesday, May 30th from 4-6PM
Thursday, June 8th from 4-6PM
Tuesday, June 20th from 4-6PM
Meet a Schrader Representative at Tract 6.

PROPERTY LOCATION

Near 16570 TR 56, Bluffton, OH 45817. From I-75, take exit 145 and head south on 235 for a few hundred feet. Then, turn on TR 34 for a mile. Turn north onto TR 56 and continue for 2 miles. Once you pass over I-75 the farm will be on both sides of the road.

AUCTION LOCATION

Hancock County Fairgrounds Event Center (Old Mill Stream Center):
1017 E Sandusky St, Findlay, OH 45840

PROPERTY DESCRIPTION

The Karl and Teresa Rieman farm is a unique opportunity to acquire a significant amount of exceptional tillable acres in southwest Hancock County, OH. The farm lies in nearly 700+/- contiguous acres with an additional 34+/- acres located a short distance away. Of the 733.77+/- acres being offered, 689.18 acres are tillable per FSA. The soils are comprised of Pewamo silty clay loam and Blount silt loam. A majority of the fields are patterned tiled. Tile maps are provided on the website and in information books. Additionally, the farm has been under no-till conservation practices for the majority of the past 25 years. The combination of excellent management, quality soils,
and improvements have allowed for solid recent yields with corn averaging as high as 244 bu. and beans yields averaging as high as 70 bu. Yield history for the last 3 years can be seen on the website. The farm is located a short distance from Findlay and has great frontage and visibility from both sides of I-75. Combine this with the fact that portions of the farm are located just south of the Cory-Rawson High School creates development potential down the road. Whether you are an operator that is looking to acquire additional acreage or someone looking to invest in an outstanding farm, don't miss this opportunity to bid your prices on high quality land in North Central Ohio that comes from an outstanding family history!

TRACT DESCRIPTIONS

Tract 1: 38.7± ac of nearly 100% productive tillable farmland. The close proximity to Cory-Rawson High School and rail frontage creates for some development potential. See tile map #10 for pattern tile location.

Tract 2: 49.8± ac containing almost all productive farmland. This property contains great access points with road frontage on 3 sides of the farm. See tile map #10 for pattern tile location.

Tract 3: 165.1± ac of high-quality farmland. Consider combining with Tract 4 for over 200+/- acres and to own both sides of the ditch. The ditch provides a great drainage outlet that has been very well maintained. See tile map #6 and #7A & B for pattern tile location.

Tract 4: 56.5± ac containing tremendous soils. This property also fronts the ditch providing for a quality drainage outlet. See tile map #5 for pattern tile location.

Tract 5: 57.2± ac of majority tillable farmland. Check out the extensive visibility and frontage along I-75! See tile map #11 and #12 for pattern tile locations.

Tract 6: 5.0± ac involving a 36ft x 58ft barn that would make for a great storage shed. Consider the possibilities of adding additional barns or a home to this property!

Tract 7: 39.3± ac of diversified land containing majority tillable farmland as well as approx. 12+/- acres of woods. This property offers a beautiful setting for a potential home and numerous deer have been spotted in the woods throughout the spring and recent years. Per the owner, tile does exist but no maps are on hand.

Tract 8: 129.6± ac of majority productive land. This tract also has great visibility from I-75 with access off TR56 and CR26. Per the owner, tile does exist but no maps are on hand. Consider combining with Tract 5 and Tract 7 for one large contiguous field and some recreational woods all in one.

Tract 9: 3.1± ac that would make a great add on for a neighbor looking for some additional space. Frontage along a creek creates for a scenic setting!! *Property is located in a floodplain so building potential is limited.

Tract 10: 25.4± ac of diversified land uses entailing mature timber, frontage on the creek, and 18.58 FSA cropland acres. The property also contains visibility along I-75.

Tract 11: 5.1± ac involving woods creating for gorgeous scenery and an excellent potential building location! There is an existing billboard lease for $1,200/annually.

Tract 12: 52.7± ac with good visibility along the south side of I-75 and high-quality soils. Consider combining with Tract 13 for 125.5+/- acres of productive farmland. See tile map #1 and #4 for pattern tile location.

Tract 13: 73.1± ac of tillable farmland accessed via an easement along an existing private road identified in the property map. See tile map #2 for pattern tile location.

Tract 14: 33.6± ac of which FSA considers 32.15 tillable. See tile map #13 for pattern tile location.

TRACT MAP(S)

TRACTS 1-13

TRACT 14

AREA MAP(S)

TILE MAP

TILE MAP - 1

TILE MAP - 2

TILE MAP - 3

TILE MAP - 4

TILE MAP - 5

TILE MAP - 6

TILE MAP - 7A

TILE MAP - 7B

TILE MAP - 8

TILE MAP - 9

TILE MAP - 10

TILE MAP - 11

TILE MAP - 12

TILE MAP - 13

PROCEDURE: The property will be offered in 14 individual tracts, any combination of tracts, or as a whole 733.77+/- acre unit.

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 owner's 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".

MULTI-PARCEL AUCTION: The auction will be offered in various amalgamations, including as individual parcels or lots, combinations of parcels or lots, and all parcels or lots as a whole.

FAIR HOUSING: It is illegal, pursuant to the Ohio Fair Housing Law, Division (H) of Section 4112.02 of the Revised Code and the Federal Fair Housing Law 42 U.S.C.A. 3601, to refuse to sell, transfer, assign, rent, lease, sublease, or finance housing accommodations, refuse to negotiate for the sale or rental of housing accommodations, because of race, color, religion, sex, familial status, as defined in Section 4112.01 of the Revised Code, ancestry, military status as defined in that section, disability as defined in that section, or national origin or to so discriminate in advertising the sale or rental of housing, in the financing of housing, or in the provision of real estate brokerage services.

DOWN PAYMENT: 10% down payment on the day of auction. 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.

CAUV: If usage of property is changed, the Buyer is responsible for CAUV recoupment. Sellers have heretofore used property for agricultural purposes and its real estate taxes have been levied and paid upon a reduced Current Agricultural Use Valuation (CAUV). The Buyer's inability or failure to qualify with the local County Auditor for the CAUV valuation for the future will result in a CAUV recoupment of the past real estate tax savings. Buyer shall be wholly responsible for and pay any CAUV recoupment to become due by Buyer's conversion of the property to a non-agricultural or non-qualifying use (within the definition of Current Agricultural Use Property).

ACCEPTANCE OF BID PRICE: The successful bidder will be required to enter into a Purchase Agreement at the auction site immediately following the close of the auction. The final bid price is subject to the Seller's acceptance or rejection.

DEED: Seller shall provide Warranty Deed.

CLOSING: The targeted closing date will be approximately 45 days after the auction.

POSSESSION: Possession is subject to the 2023 farm lease.

CASH RENT CREDIT: Buyer will be credited $134 per purchased tillable acre at closing. Please refer to the chart in the auction brochure and website for the per tract breakdown of the credit amount.

REAL ESTATE TAXES: Prorated to the date of closing.

PROPERTY INSPECTION: Each potential Bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. Inspection dates has been scheduled and will be staffed with auction personnel. Further, Seller disclaims any and all responsibility for Bidder's safety during any physical inspection of the property. No party shall be deemed an invitee of the property by virtue of the offering of the property for sale.

ACREAGE: All acreages, dimensions and proposed boundaries are approximate and have been estimated based on current legal description and/or aerial photos.

SURVEY: Any need for a new survey shall be determined solely by the Seller. Buyer shall pay for 50% of survey fees associated with their purchased tract(s).

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 "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 person's 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.