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Southern Greene County
47 Acres Selling in 1 Tract
Location: 1530 SR 725, Spring Valley, OH 45370 (at US Route 42 intersection & acess through Walton Park entrance)
- Surrounded by public park property
- 1.25-acre stocked pond
- Riding/walking trails
- 25+ acres tillable
- Minutes from 1-71 & 1-75
OPEN HOUSE: MON ♦ MAY 7 ♦ 4-5:30
REAL ESTATE TERMS
Bidding Procedure: The property will sell to the highest bidder subject to confirmation of the Seller.
Acceptance of Bid Prices: The successful bidder will sign a Confirmation of Sale Agreement at the auction site immediately following the close of bidding. Bidding IS NOT CONDITIONAL UPON FINANCING.
Buyer’s Premium: Ten percent (10%) of the final bid will be added to the final bid to achieve the final contract price.
Down Payment: Purchaser will deposit $7,000 as down payment with the Auction Company on the date of auction upon signing of Confirmation of Sale Agreement; balance due at closing.
Real Estate Taxes: Taxes will be prorated to date of closing using long proration method. Purchaser will be responsible for CAUV recoupment due to change in land use, if applicable.
Cash Rent Proration: Owner will prorate cash rents from the leasing of the cash cropland on the south side of US Route 42 based on a presumed 6-month lease schedule running from May 1 through October 31 (the “growing season”), and will thereby credit to the Purchaser the amount of cash rent attributable to the unexpired growing season as of the date of closing.
Closing Date: On or before June 29, 2018. Purchaser will pay customary portion of closing costs at closing.
Closing Agency: The closing for this transaction will be managed and conducted by Home Site Title Agency, Xenia, Ohio.
Possession: Date of closing with tenant in possession rights reserved to harvest 2018 grain crop by December 31, 2018.
Agency: Sheridan & Associates, Auctioneers, Real Estate Broker, Appraisers, LLC and its representatives are Exclusive Sales Agents for the Seller.
As Is:Seller and Purchaser acknowledge that Purchaser has bid on the property at Public Auction and is entering into this contract based on the property’s current “AS IS” condition, and that Seller makes no warranties, expressed nor implied, about the property other than what has been stated in marketing information provided by Seller through the date of the Auction.
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 brochure 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.