• Allen County • Spencer Twp. • Mostly Tillable • Blount & Pewamo Soils • Potential Building Site
Ohio Real Estate Auction
Spencerville, OH
Owner: Bette J. Failor Mon, Oct 11, 2010 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Walk over inspections invited.
PROPERTY LOCATION
Aprox 1 mile east of Spencerville on St Rt 117 to Monfort Rd., then south to Kolter Rd. The Property is on the right.
AUCTION LOCATION
The American Legion 191 South Broadway. Spencerville, Ohio.
PROPERTY DESCRIPTION
Consider combining all 3 tracts for a total of 102 Acres.
TRACT DESCRIPTIONS
Tract 1: 6± ac A potential building site. Mostly Tillable with frontage on Monfort & Kolter Rd. Primarily Blount & Pewamo soils.
Tract 2: 36± ac Mostly Tillable with frontage on Kolter Rd. Primarily Blount & Pewamo soils.
Tract 3: 60± ac Tillable with frontage on Sarka Rd. Primarily Blount & Pewamo Soils.
AREA MAP
TRACT MAP(S)
SOIL INFORMATION
PLAT MAP(S)
AUCTION TERMS & CONDITIONS
PROCEDURE: The property will be offered in 3 tracts and in combination. There will be open bidding on all tracts and the combination of tracts during the auction as determined by the Auctioneer.
DOWN PAYMENT: 10% down payment on the day of auction with the balance in cash at closing. 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 auctions site immediately following the close of the auction. Sale is subject to the Sellers’ approval.
TITLE: Seller shall provide a Warranty Deed and an Owner’s Policy of Title Insurance.
CLOSING: The balance of the purchase price is due at closing, which will take place within 15 days of presentation of insurable title. Costs for closing shall be shared 50:50 between Buyer(s) and Seller.
POSSESSION: Possession shall be on the day of closing, immediately following the closing, subject to Tenant Farmer’s current soybean crop.
REAL ESTATE TAXES: The Seller shall pay all of the 2010 Real Estate taxes due in 2011. The Buyer(s) shall assume and pay all taxes thereafter.
ACREAGE: All tract acreage, 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 the tract divisions in this auction create new boundaries. Solely the Seller shall determine any need for a new survey. 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 Seller’s option and sufficient for providing title insurance. .
AGENCY: Schrader Real Estate and Auction Co. 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 â€
None at this time
