Real Estate Auction - Investors - Builders - Developers

April 10, 2019 at 6:00 p.m.

Sale Location:  1798 E. Marion Cardington Road, Marion, OH  43302

971 Barks Road East, Marion, Ohio

16.5 +/- acres with 1,176 +/- sq. ft. Ranch Home

This property offers many opportunities for the future owner.   Offering 16+/- acres with an 1,100+/- sq. ft. home, there are approx. 5 acres of woods and 8 acres of open land balanced around the home site.  The property is in the process of being annexed into the city of Marion from the township.The future possibilities for the property could be endless, with nice residential homes in the area. The property has sewer, water, gas, electric and is located at the end of Loire Valley Dr.  Minimum bid for this property is $300,000.

Auctioneers and agents will be on site on March 6^th and 18^th from 4:00 – 6:00 P.M. or call auctioneer for private viewing.

Terms: Successful buyer requires 10% non-refundable down payment the day of sale with balance on or before May 30, 2019.  Any and all inspections must be completed prior to auction.

Owner: Riffle Creek, LLC

United Country Real Estate and Auction Services, LLC

Chip Carpenter Broker/Auctioneer 740-965-1208

Ryan Rogers Agent 614-893-3843

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

Sellers: Riffle Creek, LLC and S&K Real Estate Holdings, LLC

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. Minimum Bid for 1798 Marion Cardington Rd East is 1,250,000 dollars, Minimum bid for 971 Bark Rd East is 300,000 dollars.

1.      Buyer to pay a Ten percent (10%) NONREFUNDABLE down payment per property purchased 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 May 30, 2019.  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 on 971 Barks Rd East. Survey: A new survey will be provided by seller if necessary, for transfer, otherwise a new survey will not be provided. 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, tax proration based on most recent available tax records and based on a 365-day calendar year, title commitment, title exam, owner’s policy of title insurance from Chicago Title and deed preparation only. Closing and title commitment to be at Chicago Title of Marion. 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’s will provide a Warranty deed. Buyer and seller agree to split the cost of the title agent closing fee.

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. If registered less than 48 hours co-op commission will be half the advertised co-op commission. 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. 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.

9.        Buyer must provide Notice of Property Takeover (minimum of 45 days) and/or Re-negotiate Lease terms within 14 days of signed    Purchase Agreement

United Country Real Estate and Auction Services, LLC

BONDED – LICENSED BY THE OHIO DEPARTMENT OF AGRICULTURE