• Productive Tillable Land • Wooded Hunting & Recreational Land • Potential Building Site • Miami East Local School District • 3 Miles East of Piqua • 28 Miles North of Dayton
Land Auction: 111 Acres in 4 Tracts, Mostly Productive Tillable Land, Woods, Building Site
3 Miles East of Piqua, Ohio - Miami County
Owner: D. Patrick Jenkins, Trustee and Barbara Buroker, Trustee Wed, Sep 7, 2011 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Wednesday, August 24th • 5-7PM
Meet a Schrader Representative on Tract 1
PROPERTY LOCATION
From I-75 and US Route 36, take exit 82 and travel east on US Route 36 for 2.5 miles. Turn south on Fairview Snodgrass Road and travel 2 miles. Turn west on Loy Road. Property is located on south side of Loy Road. Watch for signs.
AUCTION LOCATION
8756 North County Road 25A, Piqua, Ohio 45356 at the Chaney Graef, Pitsenbarger V.F.W. Post #4874. From I-75 and County Road 25A (Exit 83), take County Road 25A west 2/10 of a mile. The VFW Hall is located on the north side of the road.
PROPERTY DESCRIPTION
Annual taxes for 2010 were $11.74 per acre.
TRACT DESCRIPTIONS
Tract 1: 24.5± ac of mostly tillable productive land. This tract features Miamian, Crosby and Celina as the predominate soil types. An excellent addition to any present farming operation.
Tract 2: 50± ac with 31+/- acres tillable. The balance is wooded with frontage along Spring Creek. Consider the possibilities of this tract with recreational and income producing value.
Tract 3: 35.5± ac with 30+/- acres tillable. Miamian Silt Loam is the predominate soil type. There are 700 feet of frontage along Loy Road.
Tract 4: 1.1± ac lot zoned R1AAA Residential. Here is a great opportunity to bid your price on a beautiful lot in a great location. Consider combining this tract with Tract 1 for that country estate you have always dreamed of owning.
AREA MAP
TRACT MAP(S)
PLAT MAP(S)
AREA MAP(S)
PROCEDURE: The property will be offered in 4 individual tracts, any combination of tracts and as a total 111+/- 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 agrees to furnish Bidders a preliminary title opinion to review. 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, general conditions of title, and similar or related matters. All tracts sold AS IS.
DEED: A Trustee 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. Costs for an insured closing shall be shared 50:50 between Buyer(s) and Sellers.
POSSESSION: At closing, subject to 2011 crop removal.
REAL ESTATE TAXES: Seller shall pay the 2011 real estate taxes due in 2012. The Buyer will assume the taxes due thereafter. 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.
None at this time
