Tract 2

Auction Location: Cedar Land Event Center, 200 Parkview Lane, Cedarville, OH.

An extraordinary opportunity to purchase quality Southwest Ohio acreage AT AUCTION! Two well-located properties in the rich farmland regions of southern Greene County and northern Clinton County. Diverse and productive soil complexes and only 11 miles apart. Great locations with good access to grain markets and major highways to Dayton, Columbus, and Cincinnati. Also includes two country homes and 6-acre buildable lot.

 

Farm A: 5844 Starbuck Rd, Wilmington, OH

·       234.7 total acres

·       221 tillable acres

 

Tract 1: 232 acres with approximately 221 acres (over 95%) tillable. Great soils and multiple drainage outlets. with rolling topography. Over 2,260 feet of road frontage! 85% of property’s soils consist of Treaty, Reesville, and Celina complex.

 

Tract 2: 2.61 acres of diverse use land, including 1.5-story 3-bedroom home, 2 round metal grain bins, and block shop. A great place to develop your own country hideaway.

 

Farm B: 1690 Waynesville-Jamestown Rd, Xenia, OH

·       140.3 total acres

·       123 tillable acres

 

Tract 3: 134 acres with approximately 119 acres (89%) tillable. Excellent soils with moderately rolling topography. Includes 1.5-story, 4-bedroom home, 2800 SF metal pole building, and multiple other ag structures. 86% of property’s soils consist of Xenia, Miamian, and Russell-Miamian complex.

 

Tract 4: 6-acre pre-existing building lot with great contours and multiple prime building locations.

 

Bidding Procedure: The properties will sell to the highest bidder(s) via Public Auction using the Multi-Parcel Auction Method - bid on any tract or any combination of tracts. The properties will sell subject to confirmation of the Seller.

Acceptance of Bid Prices: Successful 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 Auction. Bidding IS NOT CONDITIONAL UPON FINANCING.

Down Payment: Purchaser(s) will deposit the following amounts as down payment with the Auction Company upon signing of Confirmation of Sale Agreement: Tract 1 - $100,000, Tract 2 - $5,000, Tract 3 - $50,000, Tract 4 - $5,000. Onsite Purchaser(s) will place deposit date of auction; online Purchaser(s) will place deposit within 48 hours of auction’s end. Balance will be due at closing.

Real Estate Taxes: Seller will pay all 2023 real estate taxes. Purchaser(s) will pay for any Current Agricultural Use Valuation recoupment fees due to a change in land use.

Cash Rent: Seller will retain all cash rent from the current 2023 land leases

Closing Date: October 12, 2023, time being of the essence.

Possession: Date of closing with tenants in possession rights reserved to harvest 2023 cash grain crops.

Agency: SHERIDANS LLC and its representatives are Exclusive Sales Agents for the Seller.

Online Bidding: Auctioneer will accept online bids during auction in real time. 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. See additional online bidding terms below.

Disclaimer & Absence of Warranties: All information contained in this brochure and all related materials is 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 auction marketing information 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.

5844 Starbuck Rd
Wilmington, 45177
United States