Licking/Knox County 165.6-Acre Hunting Paradise Auction
Licking/Knox County 165.6-Acre Hunting Paradise Auction
Monday, June 24th @ 5:30PM
2 Homes – Outbuildings – Woods – Ideal Wildlife Habitat – Delayed Closing & 1031 Exchange Possibilities
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Auction will be held onsite located at 12550 Pleasant Valley Road Northeast, Utica. Located 5 miles south of Martinsburg on Pleasant Valley Rd (State Route 586). Watch for RES signs.
Real Estate: Situated on an expansive 165.6 acres of rolling landscape, this property showcases the beauty of rural living at its finest. The majority of the land is woodlands, providing a outdoorsman paradise and offering endless opportunities for recreational possibilities. The front portion of the property features approximately 20 acres of hay fields, adding versatile land use options.
With its rolling terrain and diverse topography, the property has an exceptional wildlife habitat, creating natural funnels that attract and hold an impressive deer herd with a long quality history. Strategically positioned throughout the land are access roads, providing easy navigation and increasing the overall accessibility of the property. Additionally, several strategic stand locations have been thoughtfully designated, complemented by food plots, you’ll have the advantage when the perfect moment arrives. Picture yourself in the early morning, the sun’s rays filtering through the trees, as you patiently await the arrival of a trophy whitetail.
Beyond its hunting appeal, this property also features 2 homes and 3 pole barn buildings offering potential for additional income revenue. Two of the pole barn buildings are 2,100 sq. ft and the third is 3,200 sq.ft. The 2,290 sq.ft. ranch home has 4 bedrooms and 2 full baths. The 1,456 sq.ft ranch home with 3 bedrooms and 1.5 baths. This income potential, combined with the property’s abundant natural beauty and creational opportunities, makes it a truly unique investment opportunity.
Whether you’re seeking a hunting oasis, an income-generating property, or a strategic investment, this expansive estate offers endless possibilities. Take advantage of the tranquility of rural living while enjoying the potential for financial growth and recreational fulfillment on this remarkable piece of real estate. With its scenic landscape, abundant wildlife, and income potential, this property offers a unique opportunity for both outdoor enthusiasts and investors alike.
DELAYED CLOSING AVAILABLE: The buyer will have the ability to close until October 30th, 2024 allowing the buyer to 1031 exchange an existing property. Call for details.
Mineral Rights: Mineral rights transfer subject to leases of record with existing wells on the property.
Open House: The homes will be open for inspection Monday, June 10th 4:30-6:00PM. Pick up a brochure and walk the land at your leisure. Private showings available through Rich Flowers, 740-334-3628.
Taxes/Legal: Licking County Parcel Numbers 015-034890-00.000, 015-034908-00.000, 015-035406-00.000 located in Fallsbury Township and East Knox Local School District. Knox County Parcel Number 36-00024.000 is located in Jackson Township and East Knox Local School District. The current annual taxes are $7,138.48 and will be prorated to the date of closing.
Terms: The successful purchaser will be required to pay a non-refundable 10% down payment due at the auction with the balance due on or before October 20th, 2024. A 10% buyer’s premium will be added to the final bid to determine the purchase price. Any desired inspections need to be made prior to the auction. Additional details are available at www.res.bid.
Andy White, 419-651-2152 – Rich Flowers, 740-334-3628 – Drew Turner – Jake White – Adam Welch – Seth Andrews, Broker
TERMS AND CONDITIONS
1. Any person who registers or bids at this auction (the “Bidder”) agrees to be bound by these Terms and Conditions and any auction announcements. A bid placed by Bidder will be deemed conclusive proof that Bidder has read, understands, and agrees to be bound by these Terms and Conditions.
- There will be a 10% Buyer’s Premium added to the final bid, which is your final purchase price and the price that is recorded at the county auditor’s website.
- The bidding will be by the acre. Your bid price X the amount of acres rounded to the nearest 10th.
- 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: Warranty 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 insurance 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 (earnest money) of 10% of the purchase price at the time of purchase. The sale is not subject to any contingencies for financing.
- Earnest Money Deposit is NONREFUNDABLE; the contract contains no provisions for contingency on financing. In bidding, you are asserting you have the fundings 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.
- It is the sole responsibility of Bidder to monitor RES’s website with respect to any updates or information regarding any Real Estate on which Bidder is bidding. Bidder acknowledges that information regarding the Real Estate may be updated or changed on RES’s website at any time prior to the conclusion of bidding and that Bidder has timely reviewed the Real Estate information or assumes the risk of not having done so.
- Once submitted, a bid cannot be retracted.
- The Bidder uses the online bidding platform at their own risk. RES is not responsible for errors or omissions in bid submissions or acceptance. RES does not guarantee the platform’s uninterrupted function, availability, or compatibility with the Bidder’s hardware or software. RES is not liable for any damages resulting from its use or attempted use, including failures, interruptions, or delays.
- In the event that Bidder is the successful bidder, Bidder must immediately execute the Contract for Purchase and Sale and tender a nonrefundable earnest money deposit in the form of cash, check, or immediately available, certified funds and in the amount set forth by RES, by 1:00 p.m. (EST) on the business day following the auction. The balance of the purchase price will be due at closing on the specified closing date. The Real Estate must close within 45 days of the date of the auction, or as otherwise agreed to by Seller and Bidder.
- Bidder acknowledges the closing may be delated for reasons beyond the control of Seller, Buyer, or Broker. Delays caused by survey, title issues, county agency approvals, lender processes shall automatically extend the closing date. Bidder agrees to cooperate in good faith to proceed to closing by the closing date or as soon after as practicable.
- RES has the right to establish all bidding increments.
- RES may, in its sole discretion, reject, disqualify, or refuse any bid believed to be fraudulent, illegitimate, not in good faith, made by someone who is not competent, or made in violation of these Terms and Conditions or applicable law.
- Bidder warrants and represents that they are at least 18 years of age and are fully authorized to bid.
