BURSON FAMILY TRUST LAND AUCTION

Description

Sells on Site: 4651 Morrow Co. Rd. 101 Mt. Gilead, Ohio 43338, 1 mi. E. of Mt. Gilead on SR 42 to Co. Rd. 76 (Home Rd.) or at Morrow Co. Sherriff office turn N. to Co. Rd. 101 turn right (East) and ¾ mi. to shop.

PARCEL #1: 22.18+/- acres with Morton 56’x42’ pole barn shop, heated, concrete, 200 amp service, sliders and man door; 2016 80’ x 60’ pole barn with open end; vintage old barn w/hayloft. Approx. 10+/- tillable acres, balance of acreage in shop area gravel lot, ditch waterway, old pasture, good water well, 682’+/- road frontage on CR 101 and 1147’+/- road frontage on CR 100. Possessions of barns will be at closing, however, the shop will be available 90 days after closing.

PARCEL #2: 10.75+/- acres with 280’+/- road frontage on CR 101 mainly tillable with sod waterway.

PARCEL #3: 42.01+/- acres with 274+/- road frontage on CR 101. Consisting of 30+/- tillable acres, 11.5+/- wooded acres, ½+/- acre with (3) grain bins being (1)  17,000 bu. and (2) 5500 bu. with floors & aeration fans, 30’ x 14’ shed. Partially systematically tiled on 30’ centers.

PARCEL #4: 42.09+/- acres with 1080’ road frontage on CR 76 consisting  of  36+/- tillable acres, Delco water is available, balance in wooded acreage and waterway. Parcel has portions systematically tiled.

NOTE: Natural gas is available for all parcels through Consolidated Cooperative. 3 phase electric is also available for all parcels supplied by Consolidated Electric.

TERMS & CONDITIONS: The successful bidder(s) will be required to enter into a purchase contract at the conclusion of the auction. A deposit (non-refundable) for Parcels 1 & 2 will each require $10,000 down each, Parcels 3 & 4 require $15,000 down each or as a whole $50,000 down shall be due at the conclusion of the auction with the balance due in 45 days. Possession of farmland at closing. Tenant farmer has access to the grain bins through August 2020. Your bidding is not conditional upon financing, inspections or appraisals. Be sure you have arranged financing, if needed, and are capable of paying certified funds at closing. Assignments of any purchase contracts are conditional on the bidder remaining jointly liable on the contract with the assignee. Taxes pro-rated to closing date. Tracts selling subject to all legal highways, easements, restrictions, agreements and right-of-ways of record, and any lease, grant, exception, or reservation of coal, oil, gas and other mineral rights and interests previously transferred or reserved of record, if any. Farmland is under CAUV. If buyer changes usage, any recoupment will be at the buyer’s expense. New surveys will be paid by sellers if needed. The purchaser will be responsible for the cost of title insurance or other type of title evidence if the purchaser(s) elect to acquire such title insurance/title evidence. Acreages and frontages are subject to final survey if applicable. Total taxes for all farms are: $3,575.38.

BIDDER NOTICE: We will be using the multi parcel auction method. Parcels 1 thru 4 to be offered individually in combination or as a whole 117+/- acre farm. Selling in the manner that brings the most money. All bids will compete and remain open for bid advancement until auctioneer announces property sold.

DISCLAIMER: Information contained in this brochure and all related materials is based upon information available at time of listing and are believed to be accurate, but is subject to verifications by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the sellers or Auction Company. Tract acreage, dimensions, aerial photos and boundaries are approx. and are taken from Co. & FSA Agency records. The potential Buyers hereby stipulate and agree that they have examined the property. Relying solely upon such examination with reference to conditions, Buyers agree to take such property “AS IS” without any expressed or implied warranties by Seller or Seller’s agent. Any inspections desired by the Buyer shall be prior to the auction at Buyer’s expense.

Owners:  James E. & Teresa L Burson, Co-Trustees

BEN HIGGINS REALTY & AUCTION CO., LLC

Ben A. Higgins, Broker & Auctioneer 

Ben F. Higgins, Realtor & Auctioneer

740-387-5111/740-389-6202

www.higginsauctions.com