Vacant Land Auction, Friday, June 22, 2018 at 6:00 p.m.

Location for auction: Logan County Fairgrounds Grange Building

301 E. Lake Ave., Bellefontaine, OH  43311

Property Location: County Road 32, Bellefontaine, Ohio

91.44 acres multi-parcel in 3 tracts

Property location:  From the intersection of W. Lake Avenue and Main Street, go west on Lake Ave. (Co. Rd. 11) 1.1 miles to Co. Rd. 32.  Go north 1/4 mile to the property.  Between St. Rt. 47 and Co. Rd. 11.  Signs posted.

FARM LAND - DEVELOPMENT POTENTIAL– MINI FARM:  The below described property is being offered in a multi-parcel format and has many possibilities for the farmer, developer or a mini farmer, in great proximity to Bellefontaine, easy access to shopping, entertainment and more.

Tract 1: This tract offers road frontage on Co. Rd. 32 and has approximately 14 +/- acres of tillable ground and 8.6 acres of mature woods at the rear.  Many possibilities as this tract is adjacent to the railroad. 

Tract 2: This tract offers frontage on both Co. Rd. 32 and Co Rd. 11, having approximately 39 +/- acres, being a tillable tract.

Tract 3: This tract offers frontage on both Co. Rd. 32 and Co. Rd. 11, having approximately 28 +/- acres, being a tillable tract.

Auctioneers will be on site June 4 and June 11 from 6:00 - 7:00 p.m. or view at your leisure.

Note - Farm has been planted for the 2018 season and crops are growing. 

Please view from the road right-of-way.

Terms: Successful buyer required a 10% down-payment day of sale with balance in 45 days.  Sells subject to tenant’s rights for the 2018 growing season.  Tax and ground rent pro-rated to day of closing.  Seller will pay no CAUV recoupment.  Sells with owner confirmation day of sale.  No buyer's premium.

United Country Real Estate and Auction Services, LLC
740-965-1208 OR 614-206-1135

Sellers: Karen Kerns, Russell Downing, David Downing, Sally Harshbarger  

TERMS AND CONDITIONS

Pursuant to the pre-auction sale bills and applicable law, THESE TERMS AND CONDITIONS REPLACE AND SUPERSEDE ALL PRIOR TERMS AND CONDITIONS OF ANY NATURE, WHETHER WRITTEN, VERBAL, OR OTHERWISE.  IT IS THE BIDDER’S RESPONSIBILITY TO BE FAMILIAR WITH THESE TERMS AND CONDITIONS.  By registering for this auction and placing a bid, bidder acknowledges that these terms and conditions have been disclosed to bidder, and bidder agrees to be bound by these terms and conditions. Property sells subject to owner confirmation day of sale.

1.      Buyer to pay a Ten percent (10%) NONREFUNDABLE down payment per tract purchased or for the whole upon execution of the purchase agreement, to be applied on the purchase price at closing, or retained by Seller if the closing does not occur. Balance of purchase price is due in cash at closing which shall occur on or before Aug. 6, 2018.  Real estate taxes shall be prorated to the day of closing based upon the most recent available tax rate and valuation. Seller will not pay CAUV recoupment. Survey: If property sells in tracts seller to provide a new survey for each tract combination purchases will be surveyed as one tract. The survey will be at the Sellers expense and any issues regarding the survey will be at the Seller’s discretion.  Seller will pay for conveyance fee, owner’s policy of title insurance from, Seller's portion of title agency closing fee not to exceed $300.00, and deed preparation only. Closing and title commitment will be provided by sellers choice. Seller will pay no other closing costs.  The owner’s policy of title insurance shall contain all standard exceptions, as listed in the title commitment. Seller will provide a general warranty deed to the property. Possession of the real estate is subject to tenant’s rights through 2018 crop season.  The ground shall be prorated to the day of closing based on a 365-day calendar.    

2.      All real property and improvements are selling in their present “AS IS” condition with no warranties expressed or implied by Seller or Seller’s agent.  No representations have been made by Seller or Seller’s agent with regard to fitness of the real property or improvements for a particular use or any particular Buyer’s development plans. It is Buyer’s responsibility to have any inspection Buyer desires completed prior to auction.  It is the Buyer’s responsibility to pay for and obtain any and all due diligence inspections and inquiries as to feasibility of Buyer’s intended development plans prior to bidding.  United Country Real Estate and Auction Services, LLC, and all agents associated, represent only the Seller in this transaction.  Successful Buyers shall sign an agency disclosure form acknowledging that United Country Real Estate and Auction Services, LLC and its associated agents are working on behalf of the Seller.

3.      All prospective Buyers who desire to participate in the auction must register the day of sale prior to bidding, and must then provide such personal information as requested by the auctioneer.  Realtor cooperation is welcome; however, you must register your clients 48 hours prior to sale with an agency disclosure, show the property and attend the auction.  Realtor cooperation fee is one (2%) if registered 48 hours prior to auction, cooperation fee is half a percent (1%) if registered less than 48 hours prior to auction.  No exceptions.

4.      Seller has specifically reserved the right to have the auctioneer determine the minimum bid advancement that will be accepted from all bidders, including the amount necessary to “break” winning bids during the multi parcel portion of the auction. This is an multi parcel auction with open bidding on any tract, combination of tracts up until the seller or auctioneer determines it to be closed. The auctioneers will handle any disputes at the time of the auction and all decisions will be final.  The auctioneer, the seller and/or the attorney for the seller reserve the right to demand satisfactory written evidence of the authority of an agent to enter a bid or to execute a purchase contract on behalf of another party.  This auction may be subject to online, phone or proxy bidding.

5.       Each successful bidder will be required to immediately execute the posted purchase contract, and deposit with the auctioneer the down payment described above.  In case of conflict with these terms and conditions, the terms and conditions in the signed contract control the transaction.

6.      Please view the posted title commitment for any questions on easements, rights of way, leases etc.  Any reports, disclosures, letters or other documents from third parties are deemed reliable but not guaranteed by seller nor United County Real Estate and Auction Services LLC.

7.       Any personal property left on the grounds of the real estate as of the date of closing becomes the property of the buyer of the real estate.  Buyer will assume all responsibility and costs associated with these items as of the date of closing.

8.       All information contained in this brochure and all related material came from sources deemed reliable but are not warranted by seller or auctioneers. Announcements made day of sale shall take precedence over printed material.

United Country Real Estate and Auction Services, LLC

BONDED – LICENSED BY THE OHIO DEPARTMENT OF AGRICULTURE