58+- Tillable and Wooded Acres
with 3 BR 2 BA Home
Property will be offered in 3 Parcels
& combinations via the Ultimate Choice Auction Method
This will be an On-Line Only Event
Individual Parcel Bidding Opens Monday October 10th.
Combination Bidding will begin Tuesday October 11th. ending at 2:00 P.M.
18211 Hardin Wapak Rd. Van Buren Township.
Located 1 Mile West of Botkins on Botkins Rd. and Hardin Wapak Rd.
Botkins, Ohio Shelby County, 45306
Property will be offered in 3 Parcels as follows:
Parcel # 1 containing 3 Bedroom 2 Bath manufactured home with walk out basement, 48x36 pole building and 2.362 acres MOL with frontage along Hardin Wapak Rd.
Parcel # 2 containing a total of 39.905 acres of which 5 acres MOL are wooded with frontage along Hardin Wapak Rd.
Parcel # 3 containing 16.622 tillable acres with frontage along Botkins Rd. and Hardin Wapak Rd.
NOTE: New Parcel numbers will be assigned after completion of survey.
All parcels will be offered individually and in any combination. See proposed Plat.
This Property is being offered via an Online Only Auction Event.
Bidding platform will open for individual parcels October 10th. 9:00 a.m. Combination round will open October 11th. at 9:00 a.m. with bidding ending at 2:00 P.M. with a soft close.
AUCTION PROCEDURE: The above real estate will be sold to the highest bidder(s) subject to owner confirmation using the Ultimate Choice auction method with a soft close. If a bid is placed within 10 minutes of the auction close, bidding will automatically be extended an additional 10 minutes and the last bidder will be notified via e-mail that they have been outbid. Bidding will remain open until all bids have remained silent for 10 minutes. Our system also offers a Max Bid or proxy bidding feature in which a bidder may enter their maximum bid and the computer will bid on their behalf in designated increments.
BUYER’S PREMIUM: A 5% buyer’s premium will be charged. This buyer’s premium will be added to the final high bid to determine contract price.
NOTIFICATION OF ACCEPTANCE OF OFFER: The successful bidder(s) will be notified via phone within 2 hours of the auction close if their bid has been accepted. The successful bidder(s) will be required to enter into a NON CONTINGENT MEMORANDUM OF AUCTION SALE AGREEMENT (Purchase Agreement located in the document section of the website) with the sellers within 24 hours of the auction close. This shall be completed via electronic signature. Your bidding is considered to be a binding contract.
DEPOSIT: $ 5,000.00 per parcel shall be required within 24 hours of the auction close as good faith earnest money for each offered parcel. If one bidder purchases all parcels deposit shall be $ 15,000.00 This deposit shall be made payable to Lawyers Title Agency and will be held in Escrow until closing at which time it will be returned to the buyer. If the buyer fails to perform per the terms of the auction purchase agreement the deposit will be forfeited and paid to seller.
TITLE: At closing the seller shall convey marketable title to the property free and clear of all liens and encumbrances in the form of a Fiduciary/Trustee deed. If the seller’s title is found to be defective the seller shall have the right to remedy the defect within 60 days. If this cannot be done, then, at the option of the buyer, the deposit shall be returned and the auction sale terminated.
CLOSING: The full contract purchase price is due at closing which shall take place no later than November 21st. 2022. Closing shall be held at Lawyers Title Agency Sidney, Ohio, or mutually agreed location.
POSSESSION: Possession to all tillable acreage shall be granted, subject to the rights of the current tenant farmer, upon removal of crops for the 2022 crop year to be no later than December 15, 2022. Seller shall retain all interests in growing crops.
REAL ESTATE TAXES and FEES: All real estate taxes and assessments, if any, shall be pro-rated to date of closing using the long proration method customary in Shelby County, State of Ohio. Any CAUV recoupment due to change of current use shall be the responsibility of the purchaser. Any and all closing fees, transfer tax, deed stamps etc. shall be the responsibility of the purchaser.
SALE CONTINGENCIES: Your agreement to purchase this property is subject to no contingencies of any type including financing.
AGENCY: Justin Vondenhuevel CAI with Gay Smith and Associates Realty are exclusive agents of the seller.
SURVEY: New surveys have been completed and filed with the Shelby County Auditor.
DISCLAIMER AND ABSENCE OF WARRANTIES: The property and all fixtures are being sold on an AS-IS WHERE IS BASIS with no warranty or representation, either expressed or implied, concerning the property by the sellers, Broker or auction Company. Buyers are responsible to perform all of their own inspections and have those results satisfactory to their expectations before bidding.
Owner: Dietz Trust
Justin Vondenhuevel CAI Auctioneer/ REALTOR
Gay Smith/Associates Realty Sidney, Ohio
ANY ANNOUNCEMENTS POSTED TO WEBSITE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS