Income Producing Tillable Property In Highland Co OH - 31.73 Acres
31.73 Acres / Highland County, OH
- Auction Location:
- 1323 Kuhn Road, Winchester, OH 45697
- Auction Type:
- Absolute
- Auction starts in:
- 00 months, 28 days 03 hours 39 minutes
- Auction Date:
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: 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.
Prime agricultural land
Metal barn with electric on site
Income Producing
Selling Absolute
10% Buyers Premium
Auction Documents
Real Estate Auction Terms and Conditions
- Terms Of Sale
Thank you for participating in this auction. Please familiarize yourself with the terms and conditions as all sales are final and irrevocable. The terms of sale are non-negotiable. Good luck and good bidding!
Registration at the auction (online and/or in person) finalizes each bidder's agreement to the terms and conditions of sale as stated in the Contract and its Addenda which are incorporated by reference into your bidding. Do not bid until you have read and agree to the terms and conditions. By bidding you are representing that you have read and agree to be bound by the terms and conditions for this sale as stated herein. DO NOT BID unless you have registered, received a Bidder's Card or paddle number and have read and agreed to be bound by the terms of sale in the Contract as they are enforceable against you upon becoming a high bidder. The successful bidder will be required to execute a Sales Agreement at the conclusion of the auction and submit the appropriate down payment in a timely manner as instructed by the Auctioneer.
All properties are sold "AS IS, WHERE IS" with no financing, inspection or other contingencies to sale. The Broker and Auction Company represent the seller only and do not inspect properties on the bidder's behalf. Read the Contract and Auction Day Notes to determine the existence of any disclosures, exclusions, representations and disclaimers. Do not bid if you have not inspected the property(ies). By bidding you agree to all disclosures.
Buyers receive a deed and Title Insurance Policy as provided by the Closer indicated in the Contract (any mobile/manufactured housing not legally affixed to the property shall only be conveyed by a Hold Harmless Agreement or Quitclaim Bill of Sale unless otherwise noted in the Disclosures). The current year's taxes are prorated through the day of closing as is customary unless otherwise noted or announced on sale day.
Or in abstract states, the seller shall provide a continuation of the abstract of title thru the date of sale for the buyer or buyers attorney to examine.
The sale of this property may be subject to a Buyer's Premium, which will be added to the high bid and included in the total purchase price. Please see the Auction Day Notes, The Contract for Sale, and/or the Auctioneer for specifics about the property you wish to bid on.
Tracts sold by the acre - The contract will indicate the current acreage, bid per acre and the high bid will be the current acreage multiplied by the high bid per acre. If a survey is required prior to closing that would result in a change to acreage, the contract will be adjusted to that acreage prior to closing and the purchase price will reflect that change in acreage.
If a survey is required, it is typically done immediately following the auction. The per acre bid at auction will then be multiplied by actual surveyed acres to determine the final sales price at closing. The purchase agreement and sales day announcements will identify the party responsible for survey cost.
Each high bidder must sign a purchase agreement and make a 10% non-refundable deposit immediately following the auction to the designated Title Company or escrow agent noted on the Purchase Agreement. Cash, wire transfers, cashier's checks, personal checks and business checks (electronically processed) are accepted. For online only auctions, wire transfers are the preferred method for deposits. Wire instructions will be sent from the escrow agent or title company at the conclusion of the auction or the next day. The balance of the purchase price and all closing costs are due within 30 days unless otherwise noted or announced.
Bidding starts at the nominal Opening Bid(s) indicated and is open to the public. The Auctioneer reserves the right to group, add to, delete, withdraw, consolidate or break down lots and/or quantities offered, to sell out of scheduled sequence, to reject any bid which is only a fraction advance over the preceding bid, to regulate bidding, to accept or reject any or all bids, and to cancel or reschedule an auction. The Auctioneer will call the sale and control any increments of bidding. To make a bid, raise your hand or Bid Card to be recognized. The bidding happens quickly. Absentee bids may be accepted at the discretion of the Auctioneer. The Auctioneer reserves the right to enter bids on behalf of absentee bidders. Any mistakes during bidding as to who has the high bid and/or at what price may be called to the Auctioneer's attention and corrected. The Auctioneer is the sole arbiter and controller of the conduct of the auction and shall be the final and absolute authority without liability to any party.
For online only sales, click the “Bid Now” button to enter your bid. Be sure to create an account and sign in early so you do not miss the opportunity to bid. You can also enter a maximum bid to allow for bids to be increased by the noted increments up to your high bid. If you cannot log in, feel free to call (217) 922-0811 to reach customer service to register and bid by phone.
Your inspection of the property(ies) and attendance at this auction are at your own risk. Broker and Seller, their agents and employees, expressly disclaim any "invitee" relationship and shall not be liable to any person for damage to their person or property while in, on or about these properties, nor shall they be liable for any defects, dangers or conditions on the property(ies). All persons enter the property(ies) and attend the auction at their own risk and shall defend, indemnify, and save harmless Broker and Seller, their agents and employees, from any and all liability attendant thereto.
All auctions are subject to court or seller approval unless otherwise noted as “Absolute”. Most sales are approved within 2 business days. Buyers are not allowed possession until closing and filing of the deed, at which time the property should be re-keyed if required. If for any reason the court or Seller approval is not granted, the Down Payment shall be returned in its entirety to the high bidder. "Showing" requests from Buyers after the auction may not be able to be accommodated.
If more than one property is being auctioned, the Auctioneer may choose to offer a group of the properties for auction at the same time. This is called "BUYER'S CHOICE" and is to accommodate buyers who have an interest in more than one property and/or have 2nd and 3rd choices if they are outbid for a favorite property. Upon winning the bid, please choose which property, or properties, you want. You pay the high bid price for each property selected. Each sale is final and stands alone. Remaining properties are then offered in another round of bidding. Anyone may bid at any time, including prior High Bidders.
Ranch & Farms Auctions, LLC, Whitetail Properties Real Estate, LLC and the Seller expressly disclaim any liability for errors, omissions or changes regarding any information provided for these sales. Please read the Contract and Auction Day Notes for a full and complete understanding of any and all disclaimers. Bidders are strongly urged to rely solely upon their own inspections and opinions in preparing to purchase property and are expressly advised to not rely on any representations made by the Seller or their agents and employees. Property information may change without notice and potential purchasers should investigate all data fully before relying upon it.
The information contained within is believed to be accurate, but Seller and Auction Company do not warrant any information contained within the description. All lines on maps are approximate and buyers should verify the information. All stated measurements including but not limited to acreage, sq footage, map dimensions, and/or sketches are stated for marketing purpose only unless it is stated that the measurements are verified by an independent surveyor or other source. All measurements shall be assumed to be approximate or more/less and obtained from sources to be considered reliable such as: government tax records, mapping software, assessor’s office records or FSA maps. Legal descriptions may be subject to existing fence/field boundaries. No warranty is expressed or implied as to the exact acreages of property. The purchase price based on these measurements entered on the purchase agreement is final unless buyer and seller have agreed otherwise in writing prior to signing. If exact acreage or square footage is a concern, the Property should be independently measured.
All sale day announcements will take precedence over any and all prior advertising or announcements.
- Broker Participation
Buyers Agents who register a winning bidder at this auction may receive a Buyer Broker Participation Fee. Please call for more details. Be advised, not all auctions offer a Buyer Broker Participation Fee.
- Disclaimer:Online Bidding
Disclaimer: Online Bidding
Please review the following disclaimer regarding online bidding for our auctions:
Internet Service: Bidder acknowledges that Auction Company, auctioneer, broker, or any other party
involved cannot be held responsible for any issues related to internet service before or during the auction.
Auction Company, auctioneer, and broker do not guarantee the seamless transmission or receipt of bids
placed online in a timely fashion.
Delays and Failures: Bidders should be aware that internet bidding is prone to delays and potential
failures that are beyond the control of the auction company. Bidder acknowledges and agrees that
Auction Company, auctioneer, and broker cannot be held liable for any interruptions or disruptions during
the online bidding process.
Auction Suspension or Cancellation: The Company reserves the sole discretion to suspend, postpone, or
cancel the auction if the internet service is unstable or disrupts the online portion of the event. Such
decisions will be made in the best interest of all participants.
Auctioneer's Discretion: The auctioneer has the sole discretion to accept or refuse any bid. The Auction
Company, auctioneer, and broker may also change the sale order, regroup items, or modify the auction as
needed, without prior notice.
Timely Bidding: Online bidders are encouraged to use the max bid feature and place their bids in a timely
fashion. Waiting until the last minute to place a bid may result in the auctioneer recognizing another high
bidder because your bid may not instantaneously show up.
By participating in the online bidding process, you agree to the terms outlined in this disclaimer. You
release Auction Company, auctioneer, broker, and their employees from any claims, losses, or damages
resulting from interruptions, disruptions, or failures related to online bidding.
Please carefully review and understand the terms and conditions provided by the auction company before
participating in the online bidding process.
- Auction Type
Live and Online
Sells Absolute
- Licensing
IN COOPERATION WITH WHITETAIL PROPERTIES DBA RANCH & FARM AUCTIONS
Jeremy Schaefer, OH Broker for Whitetail Properties Real Estate, LLC, License # 2021003258
Joe Gizdic, Director, Ranch & Farm Auctions, 217.299.0332
Adam Hayden, Ohio Land Specialist for Whitetail Properties Real Estate, LLC, 513.814.1987
Brandon Massner, Ohio Land Specialist for Whitetail Properties Real Estate, LLC, 513.940.6009
Auction will be conducted by RES Auction Services, a licensed Ohio Auction Company
Andrew R. White, Auctioneer for RES Auction Services