Tract 1: Cowman Road
84.676 Acres with 82+ acres tillable
Bidding Procedure: The property will sell via Live & Online Bidding by the Multi-Parcel Auction Method (allowing bidding on individual or combinations of tract bids) in 3 tracts to the highest bidder(s), subject to confirmation of the Seller.
Acceptance of Bid Prices: The successful onsite bidder(s) will sign a Confirmation of Sale Agreement at the auction site immediately following the close of bidding. Successful online bidder(s) will sign a Confirmation of Sale Agreement within 24 hours after the Auction. Bidding IS NOT CONDITIONAL UPON FINANCING.
Downpayment: Purchaser(s) will deposit down payment with Auction Company upon signing of Confirmation of Sale Agreement. Onsite Purchaser(s) will remit deposit date of auction. Online Purchaser(s) to deliver to Auctioneer via overnight mail, wire transfer (plus $35 wiring fee), or personally delivered funds the down payment within 24 hours of the auction's completion. Personal delivery made at 200 Parkview Lane, Cedarville, OH. Deposit Amounts: Tract 1: $50,000, Tract 2: $50,000, Tract 3: $25,000. All funds will be paid in U.S. funds.
Real Estate Taxes: Taxes will be prorated to date of closing using long proration method and held in escrow. CAUV was not renewed in 2022 due to the timing of the owner’s death. Seller will appeal or assist Purchaser(s) in appealing CAUV recoupment in January 2023 for the February 2023 tax bill. CAUV Recoupment amounts will be withheld from Seller’s proceeds at closing and held in Escrow until appeal is decided. If appeal is successful, the escrowed CAUV Recoupment funds will be reimbursed immediately to the Seller and the balance of escrowed real estate taxes will be adjusted and paid to Seller and Purchaser respectively based on the adjusted proration of taxes. Also, if the appeal is successful, any reimbursement of payments already paid at that time to the Clinton County Treasurer for the 2022 tax year will be payable to the Seller. If the appeal is unsuccessful, the escrowed CAUV Recoupment will be paid to the Clinton County Treasurer and the balance of escrowed real estate taxes will be paid to the Purchaser. Purchaser(s) will be responsible to re-apply for CAUV after closing for the 2023 tax year. See the Real Estate Tax Escrow Agreement in the Bidder Package for more details.
Closing Date: On or before January 13, 2023. Purchaser will pay customary portion of closing costs at closing. Closing(s) will be conducted by title company of Seller’s choice unless mutually agreed in writing by Seller and Purchaser.
Possession: Date of closing, with tenant’s rights reserved to harvest 2022 crops, if necessary. Tenant reserves the right to use the grain bins located on Farmers Road until January 31, 2023.
Agency: Sheridans LLC and its representatives are Exclusive Sales Agents for the Seller.
Disclaimer & Absence of Warranties: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Confirmation of Sale Agreement. Announcements made by the Auctioneer at the time of the Auction will take precedence over any previously printed or oral information. The property is sold on an "AS IS, WHERE IS" basis, and no warranties or representations, either expressed or implied, concerning the property are made by the Seller or the Auction Company. Each bidder is responsible for conducting his/her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is believed to be accurate, but is subject to verification by all parties relying on it. Neither the Seller nor the Auction Company assumes liability for its accuracy, errors, or omissions. Conduct at the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and the Auction Company reserve the right to preclude any person from bidding if there is any question as to the person's credentials, fitness, legal capacity, etc. All decisions of the Auctioneer are final.
Additional Online Bidding Terms:
PLEASE NOTE: All online bidders agree that they have read and fully understand these terms and agree to be bound thereby:
No Online Bidding Fees: No buyer premiums or other online bidding fees will be charged for online bidding.
Online Bidding: Auctioneer retains full discretion to modify these terms at any time prior to or during the auction. Bidders’ use of online bidding option and bid placement constitutes acceptance and agreement to adhere to these terms. All bidders are responsible for reading all terms and conditions. Lack of knowledge of Auction Terms and Conditions will not release bidders from their obligations. Auctioneer is not responsible for the failure of any part of the bidding process or internet bidding. The auction will end at the stated time and all "SOLD" tracts will be deemed sold at the same time based on the winning set of bids and upon Seller's confirmation. Bidding increments are at the discretion of the Auctioneer.
Modifications and Technical Difficulties: Auctioneer retains full discretion to modify the date, time, order, and details of the auction for any reason or no reason at all, including but not limited to technical issues, emergencies, and convenience of Auctioneer or the Seller.
In the event that there are technical difficulties related to the server, software or any other online auction-related technologies, Sheridans and the Seller reserve the right to extend bidding, continue the bidding, or close the bidding. Neither Sheridans nor the Seller shall be held responsible for a missed bid or the failure of the software to function properly for any reason. Email notifications may be sent to registered bidders with updated information as deemed necessary.
Bidder’s Agreement: Your use of this online bidding option constitutes your acceptance and agreement to adhere to these terms. Please print a copy for your records. All bidders are responsible for reading all terms and conditions carefully. Lack of knowledge of Auction Terms and Conditions will not release bidders from their obligations.
958 W. Main Street
Wilmington, Ohio 45177
Thursday ♦ November 3 ♦ 1:00 PM
Bid Live or Online in Real Time!
Auction Location: Expo Building, Clinton County Fairgrounds, 958 W. Main Street, Wilmington, OH 45177
- Tract 1: 731 Cowman Road in Green Township, Clinton County, containing 85 acres
- Tract 2: 3060 Farmers Road in Washington Township, Clinton County, containing 142 acres
- Tract 3: 3090 Farmers Road in Washington Township, Clinton County, containing 64 acres
Two productive farms located south and southeast of Wilmington in Green and Washington Townships, Clinton County, available in three tracts from 64 to 142 acres. Purchase one or more tracts to suit your needs. The properties include a mixture of highly productive black soils to gently rolling, productive, and picturesque farmland.
Join us in a comfortable setting for this rare opportunity to invest in prime farmland in central Clinton County. Bidding will be available via the Multi-Par auction method live and online during the auction beginning on Thurs, November 3 at 1:00 pm. Bid on any individual or combination of tracts.
This tract located on Cowman Road features 85 acres of rich black soils located southeast of Wilmington. The property is 97% tillable with 82+ tillable acres with Treaty & Fincastle Soils. Convenient farming layout and located in prime farmland area.
This tract features 142 acres of gently rolling and productive farmland located in Washington Township south of Wilmington. Tract 2 contains approximately 121 tillable acres (85%) with primarily Miamian, Dunham & Ockley soils. This farm has great potential and can be purchase separately or
combined with the other two tracts for a sizable addition to your investments.
This tract features 64+ acres of gently rolling and productive farmland located in Washington Township south of Wilmington. Tract 3 contains approximately 52 tillable acres with primarily Xenia, Treaty and Russell-Xenia soils. This farm includes two 9,800 bu grain bins (19,600 bu total) and an existing driveway. Great potential for a new home building site with multiple locations for a picturesque setting with walk-out basement possibilities and the potential for a pond.
The farms are located south and southeast of Wilmington in rural farmland settings with great access to Columbus, Cincinnati & surrounding areas via I-71, US 22, and SR 73. Call today for full details or to schedule a visit with an auction representative.
Click on the "Documents" tab to download Bidder Package
Seller: Estate of Thomas C. Gitzinger
Attorney: Laura J. Martin, Wright & Schulte LLC, Vandalia, Ohio