Income Producing Tillable Property In Highland Co OH

Live and Online at Res.bid

Auction Date: 09/27/2024 Auction Time: 5:30 PM ET

Auction Venue Location: On-site at 1323 Kuhn Road, Winchester, OH 45697

This property is being auctioned by RES Auction Services in cooperation with Whitetail Properties Real Estate, LLC

Entire Farm Description:

Selling ABSOLUTE: Discover a rare opportunity to own a piece of prime agricultural land in the heart of Highland County. This nearly 32 acres is currently utilized for row crop production. The gently rolling terrain provides excellent drainage and ample sunlight, creating an ideal environment for diverse agricultural practices. The property also includes a metal barn that could be used for storage. Whether you’re an experienced farmer looking to expand your operation or a first-time buyer looking to invest in agriculture, this property offers endless possibilities!

Details:

Taxes: $364.76 of record

Lease Status...

Lease Status: Leased

Possession: Immediate possession at closing

Survey needed?: No survey needed

Brief Legal: 1323 Kuhn Rd, Winchester, OH 45697

PIDs: 62400006300

Lat/Lon: 39.04588, -83.69328

Zip Code: 45697

TERMS:

- A 10% Buyer’s Premium applies to all purchases

- Any desired inspections must be completed prior to bidding. This purchase agreement is not contingent upon the satisfactory state of any inspections required after the date of the auction

- Sellers will provide a marketable deed and convey the property as per terms of the Real Estate Purchase Agreement

- Property Sells AS IS

- Property sells subject to articles in the present Deed, Title, and any articles or notices of public record

- Buyer will pay CAUV tax recoupment if any, due and payable after deed conveyance

- Seller, through Seller’s title agency, shall provide to Buyer: Fiduciary Title, The Escrow Agent shall be chosen by the Seller, however, if required as a condition of the load, the Escrow Agent shall be chosen by Buyer’s Lender

- Seller shall pay for the cost of the title search, deed preparation and county conveyance fees. Seller and Buyer shall each pay one-half of the Escrow Agent’s standard closing fee. If an owner’s policy of title insurance is selected, the buyer and seller will split the owner’s title insurance 50/50, including, without limitation, the additional cost of the premium for usance of an owner’s policy, the cost of a loan policy, title endorsements, location survey, or other items required by Buyer, or Buyer’s lender. Buyer shall pay for all recording fees. RES advocates the use of title insurance in all real estate transactions.

- Acreage and frontage amounts, including lot markers, are approximate and subject to final survey. (If required)

- RES requires a nonrefundable down payment of 10% of the purchase price at the time of purchase. The sale is not subject to any financing contingencies.

- Earnest Money Deposit is NONREFUNDABLE; the contract contains no provisions for contingency on financing. In bidding, you are asserting you have the funding to close. In the event Buyer does not close in compliance with the terms of this purchase agreement, all earnest money shall be forfeited and paid to the Seller as liquidation damage.

- Buyer agrees to indemnify and save harmless RES, its employees, and agents, from any liability stemming from any incorrect information given or any material information

- Seller fails to disclose whether or not known by the Seller at the time of the execution of the purchase agreement.

- Property sells subject to any announcements made the day of sale.

Terms: The successful purchaser will be required to make a nonrefundable down payment of 10% at the conclusion of the auction with the balance due at closing within 45 days. A 10% buyer’s premium will be added to the final bid to determine the purchase price. All desired inspections need to be completed prior to bidding. Additional details are available at www.RES.bid.