• ATTENTION: FARMERS, INVESTORS & DEVELOPERS • Real Estate Land Auction • 240+/- Acres offered in 4 Tracts • Quality Productive Farmland • Excellent Kokomo & Celina Soils
240+/- Acres offered in 4 Tracts, Real Estate Land Auction
Frankfort, Ohio, Concord Township, Ross County
Owner: Premier Farms LLC Thu, Nov 14, 2013 EASTERNAUCTION IS OVER
TOTAL SOLD: $1,575,000
| Tract(s): 1-4 | @ $1,575,000 | ($6,551/acre) |
OPEN HOUSE/INSPECTION DATES
Saturday, October 19, 10 AM-12 NOON
Meet a Schrader Representative on Tract 1
PROPERTY LOCATION
At the intersection of US Route 35, Westfall Roads and Simmons Road, Frankfort, Ohio
DIRECTIONS: From US Route 35 (County Road 87), Frankfort exit - Take County Road 87 south 1.6 miles into Frankfort. In Frankfort, at the stop sign, turn left onto High Street. Go straight on High Street (which turns into East High Street) & travel .5 miles to Westfall Road. Turn left on Westfall Road and travel 1.8 miles to the property.
AUCTION LOCATION
Sunroom @ The Brick 113 East High Street, Frankfort, OH 45628
TRACT DESCRIPTIONS
Tract 1:
139.1± ac
with approximately 127 acres tillable, predominately Kokomo soils. This highly productive tract has approximately 2900 ft. of frontage on Simmons Road, and 825 ft. frontage on Westfall Road. Features 2.52 acre grass waterway with access to a good drainage ditch.
Tract 2:
12± ac
with approximately 11.62 acres tillable. Highly productive, well-drained soils. This tract has approximately 600 ft. of frontage on Westfall Road.
Tract 3:
26.7± ac
with approximately 24.17 acres tillable. This piece of prime agricultural land features 960 ft. of frontage on Westfall Road and a drainage ditch lined with mixed hardwood trees.
Tract 4: 62.6± ac with approximately 57.1 acres tillable. This tract has 395 ft. of frontage on Westfall Road. Combine tracts 3 and 4 for 89+/- acres of superb soils with access to a good drainage ditch.
AREA MAP
TRACT MAP(S)
SOIL INFORMATION
AREA MAP(S)
PROCEDURE: The property will be offered in 4 individual tracts, any combination of tracts and as a total 240+/- acre unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete.
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 cashiers 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: Successful bidder(s) will be required to enter into purchase agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.
EVIDENCE OF TITLE: The Seller shall provide a preliminary opinion of title to be made available to prospective bidders for review prior to bidding. If any buyer elects to purchase title insurance, the cost thereof shall be at such buyers sole expense. Seller agrees to provide merchantable title to the property subject to matters of record, general conditions of title, and similar or related matters. All tracts sold AS IS.
DEED: Appropriate deed will be delivered at closing.
CLOSING: Closing shall take place 45 days after auction date, or as soon thereafter as applicable closing documents are completed.
POSSESSION: Possession of the property shall be given on day of closing subject to tenants rights for the remainder of the 2013 crop year.
REAL ESTATE TAXES: Buyer shall assume real estate taxes beginning with the 2014 calendar year taxes due and payable 2015. If usage is changed, the Buyer is responsible for CAUV Recoupment.
ACREAGE: All boundaries are approximate and have been estimated based on current legal descriptions.
SURVEY: A new survey will be made where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Buyer(s) and Seller shall share survey expense 50:50.
FSA INFORMATION: Contact Auction Company for farm number and farm bases.
EASEMENTS: Sale of the property is subject to any and all easements of record.
MINERAL RIGHTS: The sale shall include 100% of the mineral rights owned by the Seller.
AGENCY: Schrader Real Estate and 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 AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
