• Productive Tillable Land • Prime Farmland • Great Investment Opportunities • A High Percentage of Tillable Acres During a Period of Strong Commodity Prices Providing Excellent Income Potential! • Online Bidding Available
724 +/- Acres Offered in 8 Tracts - Session A
Fayette & Pickaway Counties, Ohio
Owner: John Hancock Life Insurance Company (U.S.A.) or its affiliated or related entities. Sat, Nov 6, 2010 EASTERNAUCTION IS OVER
OPEN HOUSE/INSPECTION DATES
Wednesday, October 13 from 4-6 PM
Saturday, October 23 from 10 AM â€â€
PROPERTY LOCATION
Tracts 1 & 2 - FAYETTE CO.: Miami Trace Road, 1 mile south of U.S. Route 22. From Washington C.H., OH- Take U.S. Rte. 22/3 west 5.7 miles to Miami Trace Road. Turn South (left) onto Miami Trace Road. Go 1 mile to the property. TRACTS 3 - 5 - PICKAWAY CO.: 3.5 miles west of Circleville, Ohio at the intersection of State Route 56 west and State Route 104. From Circleville, Ohio - Take State Route 56 west 3.5 miles to the property located at the southeast corner of the intersection of St. Rte. 56 and St. Rte. 104.
AUCTION LOCATION
The Mount Sterling Community Center. 164 East Main Street, Mt. Sterling, OH 43143 From Washington C.H., OH - Take US Rte. 62/3 north 16 miles to Mount Sterling. In Mount Sterling, go north on US Rte. 62 / West Main Street .3 miles. Turn left at the Veteran’s Field Park. The Mount Sterling Community Center is located beside the swimming pool. From I-71 and State Route 56 (exit 84) - Take State Route 56 east 4.25 miles to Mount Sterling. Turn north on West Main Street. Go .3 miles and turn left at the Veteran’s Field Park. The Mount Sterling Community Center is located beside the swimming pool.
PROPERTY DESCRIPTION
Fayette County • Session a
188± Acres. 1 Farm offered in 2 Tracts
Concord Township, Fayette County, Washington C.H., Ohio
7 miles west of Washington C.H.
4 miles east of Sabina
Just south of U.S. Route 22 on Miami Trace Road
Pickaway County • session a
341± Acres. 1 Farm offerd in 3 Tracts
Jackson Township, Pickaway County, Circleville, Ohio
3.5 miles west of Circleville, Ohio
20 miles north of Chillicothe, Ohio
TRACT DESCRIPTIONS
Tract 1: 48± ac acres of highly productive farmland, primarily all tillable with Brookston, Celina, & Crosby soils; great access on Miami Trace Road
Tract 2: 140± ac with much to offer! 134 acres of prime agricultural soils; 6 acres of mixed hardwood trees; great frontage and access to Miami Trace Road
Tract 3: 68± ac of primarily tillable, highly productive soils; good drainage ditch and road frontage on State Route 56.
Tract 4: 129± ac with approximately 970± feet of road frontage on State Route 56 and abundant road frontage on State Route 104 with a country, block building. This tract features mostly all-tillable, highly productive Eldean & Westland soils.
Tract 5: 144± ac (SWING TRACT); 130± tillable, productive farmland with Tippecanoe, Westland, & Patton soils; approximately 13 acres of mixed hardwood trees. This tract has a drainage outlet. This tract must be combined with either Tract 3 or Tract 4 or by an adjoining landowner.
TRACT MAP(S)
AREA MAP(S)
PROCEDURE: The Properties in Session A (Fayette & Pickaway Counties) will be offered in 5 individual tracts, any combination of tracts and as a total 529 acres. The properties in Session B (Shelby County) will be offered in 3 individual tracts, any combination of tracts and as a total 195 acres. There will be open bidding on all tracts and combinations during the respective auctions as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete in each of the respective auctions.
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 final bid prices are subject to the Sellers’ acceptance or rejection. All successful bidders will be required to sign Purchase Agreements at the auction site immediately following the close of the auction.
DEED: Seller shall provide a deed sufficient to convey insurable title to the real estate. Real estate is sold subject to all rights of way, legal highways, leases, easements of public record, and all other matters of public record.
EVIDENCE OF TITLE: Seller will provide a preliminary title insurance commitment to review prior to auction. Seller agrees to furnish Buyer(s) an updated Owner’s Policy of Title Insurance prior to closing.
CLOSING: The balance of the purchase price is due at closing, which will take place by December 14, 2010, or as soon thereafter as applicable closing documents are prepared by the Seller. 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 is at closing, subject to any current tenant’s rights. Any existing farm leases may be discontinued for the 2011 crop year and all subsequent years if Buyer(s) so elects.
REAL ESTATE TAXES: Buyer shall assume 2011 taxes due in 2012.
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 survey. Combination purchases will receive a perimeter survey only. Final sales price shall be adjusted to reflect any difference between advertised and surveyed acres. Some perimeter survey work is anticipated to be completed prior to auction.
PLANNING APPROVAL: The sale of all tracts is subject to any necessary county planning approval or other necessary county approval. The real estate is being offered for agricultural purposes, and any construction on the property may require county approval.
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 have been scheduled and will be staffed with auction personnel. Further, Seller and Auction Company disclaim 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.
EASEMENTS: Subject to any and all existing easements.
BUYER’S PREMIUM: A Buyer’s Premium of 2% will be charged to the Buyer. The Buyer’s Premium shall be added to the high bids to obtain the Total Contract Purchase Price.
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€
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