• 344+/- Acres offered in 6 Tracts • INVESTMENT GRADE • FARMLAND AUCTION • Some of the Best Soils in Butler County! • Investment Grade and Nearly All Tillable! • 340+/- Acres of Tillable Cropland • Predominantly Fincastle and Cyclone Soils • Extensive Systematic Tiling • Top Farming Area, Investment Grade Soils • Large Fields for ease of operation • 2014 Crop Rights Available • Outstanding Location • Only 5 Miles from Miami University • 30 Minutes to Cincinnati!
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344+/- Acres offered in 6 Tracts
INVESTMENT GRADE
FARMLAND AUCTION
Oxford, Ohio, Butler County
Owner: Louis H. Potter Tue, Dec 3, 2013 EASTERNAUCTION IS OVER
TOTAL SOLD: $2,675,000
Tract(s): 1 | @ $750,000 | ($9,375/acre) |
Tract(s): 2+3 | @ $1,405,000 | ($10,407/acre) |
Tract(s): 4 | @ $520,000 | ($11,818/acre) |
OPEN HOUSE/INSPECTION DATES
Buyers are able to view property at their convenience. Agent will be on farm:
Thursday NOVEMBER 7TH 10-11 AM
Thursday NOVEMBER 14TH 10-11 AM
Meet a Representative at Tract 1.
PROPERTY LOCATION
FARM A: 255 +/- Acres Offered in 4 Tracts!
Oxford Township, Section 5 & 6
TRACTS 1-4: From Oxford travel north on US 27 approx. 5 miles to Taylor Rd. Right at Taylor Rd. and travel 1/2 mile to farm on both sides of the Rd. (Just outside of College Corner IN/OH
FARM B: 85 +/- Acres Offered in 2 Tracts!
Milford Township, Section 5
TRACTS 5-6: 3 miles north of Oxford on Hwy. 177 (Hamilton Richmond Rd.) between Somerville Rd. and Earhart Rd. From Oxford travel east on SR 73 3 miles to SR 177 then left 2.5 miles to farm. 2 Miles north of Bogan Elementary/Talawanda School System
AUCTION LOCATION
MILFORD TOWNSHIP COMMUNITY CENTER
5113 Huston Road, Collinsville, OH 45004.
This is the old Collinsville School and sits northeast
of the intersection of SR 73 and US 127.
TRACT DESCRIPTIONS
Tract 1:
84± ac
All cropland. 1,900 ft. on Jones Rd. and 1700 ft. of frontage on Taylor Rd. Predominently Fincastle and Cyclone Soils. Level topography.
Tract 2:
74± ac
All cropland. 1,700 ft. on Jones Rd. and 1700 ft. of frontage on Taylor Rd. Predominently Fincastle and Cyclone Soils. Top Quality here.
Tract 3:
60± ac
All cropland. 845 ft. of frontage on Taylor Rd. Buy separately of combine with Tract 2 for 134 Acres in one field.
Tract 4:
41± ac
All cropland. 575 ft. of frontage on Taylor Rd. This tract includes a grassed drainage waterway. Buy separately or combine with Tract 1 for 125 acres of premium farmland in one field.
Tract 5:
46± ac
All cropland. 1,823 ft. of frontage on Hwy. 177 (Hamilton Richmond Rd.) Municipal water available. Southwestern Regional Water District. Over 18,000 ft. of new drainage tile installed in 2011 on Tracts 5 and 6 combined.
Tract 6: 39± ac All cropland. Buy separately or together with Tract 5 all in one field for nice 85 acres. 1,027 ft. frontage on Hwy. 177 (Hamilton Richmond Rd.)
AREA MAP
TRACT MAP(S)
Farm A
Farm B
SOIL INFORMATION
Farm A
Farm B
AREA MAP(S)
PROCEDURES: The property will be offered in 6 individual tracts, any combination of tracts, or as a total 344+/- 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.
DOWNPAYMENT: Real Estate 10% down payment on the day of the auction with the balance in cash at closing. 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 a 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 agrees to furnish Bidders a preliminary title opinion to review. If Buyer(s) elect to have title insurance, the entire cost of the owners title insurance will be the responsibility of the Buyers(s). 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: Seller shall provide a Warranty Deed at closing.
CLOSING: The balance of the real estate purchase price is due at closing, which will take place within 15 days of presentation of marketible title. Projected closing date is on or before January 7th 2014.
POSSESSION: Possession will be delivered at closing with regards to tenants rights of removing the 2013 crop.
REAL ESTATE TAXES: Buyer to assume the tax payment due and payable in February of 2014. All CAUV Recoupment will be at the expense of the Buyer.
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 will share survey expense 50:50. Combination purchases will receive a perimeter survey only. Closing prices will be adjusted to reflect any differences between advertised and surveyed acreages.
FSA INFORMATION: Contact Auction Company for farm number and farm base.
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 AS IS, WHERE IS basis, and no warranty or representation, either express or implied, concerning the property is made by the seller or the auction company. 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 Sellers or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Sellers and Selling Agents reserve the right to preclude any person from bidding if there is any question as the persons credentials, fitness, etc. All decision of the Auctioneer is final.
ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. AUCTION COMPANY OR OWNER NOT RESPONSIBLE FOR ACCIDENTS
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