In Person/Online Auction

Multi-Parcel Auction

117 Acres, Knox County

4 Parcels, Selling Individually or in Any Combination

ONLINE BIDDING AVAILABLE JULY 16TH

Live Auction Date:

Tuesday, July 16th, 2024 @ 7:00 PM EST

Live In-Person Auction Location:

4057 Wall Street, Centerburg, Ohio 43011

Acreage is being offered in a 'multi-parcel' auction format with 4 parcels total. 56.536 acres (TRACT 1), 19.468 acres (TRACT 2), 24.785 acres (TRACT 3), 16.46 acres (TRACT 4). Buy one parcel, multiple or all 4 parcels. The property will sell in the manner that results in the highest price, subject to the aggregate reserve of $1,172,490. The seller will not pay the CAUV tax recoupment. The property is not currently in a farm lease.

AUCTION TERMS & CONDITIONS

1. By placing the high bid and when the bid is accepted, you are contractually obligated to buy the real estate at the price stated as your bid, Buyer’s Premium, fees, and all other applicable Buyer closing costs.

2. The successful bidder/buyer of the parcel(s) will deposit $10,000.00 per parcel (earnest money deposit), non-refundable, payable on the day of the auction in cash, check, or by electronic transfer, to be held by Auction Ohio Real Estate Trust Account. Failure to execute the purchase contract and tender the earnest money deposit will be in default.

3. Each Buyer is responsible for conducting their own due diligence on the Property before bidding. The buyer is encouraged to conduct an inspection(s) prior to bidding.

4. The real estate sells in AS-IS condition. The Seller is not making any repairs or giving any concessions.

5. The sale is not contingent upon a satisfactory inspection.

6. The sale is not contingent upon the Bidder(s) ability to secure financing. The buyer assumes responsibility for the appraisal gap, if any.

7. Closing to occur on or before 8-30-24. The sale of this property is subject to the successful sale and closing of all 4 parcels, Knox County parcel numbers 42-00810.000, 42-00809.000, 42-00789.000, and 42-00566.000.

8. The Seller will not pay the CAUV recoupment tax.

9. Seller will provide and pay for owner’s title insurance, preparation of deed, conveyance fee, and the proration of real estate taxes.

10. There is a 10% (ten percent) Buyer’s Premium added to the final offer to determine the final purchase price.

11. Bidder acknowledges receipt of a copy of the real estate purchase agreement for this Auction.

12. Selling with the aggregate(cumulative) reserve of ($1,172,490.00) $10,000.00 per acre.