Harrison County 87-Acre Absolute Farm Auction
Harrison County 87-Acre Absolute Farm Auction
Wednesday, August 21st @ 5:30PM
5 Parcels – Home w/ Extensive Updates – Building Lots – Great Views – Adjacent to Jockey Hollow Wildlife Area
Live Auction with Online Bidding @ RES.bid
CLICK HERE TO RECEIVE UPDATES ABOUT THIS PROPERTY
Auction will be held onsite located at 39201 Stumptown Road, Cadiz, OH 43907.
Real Estate: Originally established in 1815 and locally known as “The Rankin Farm,” this picturesque and diverse property is being offered for public sale for the first time in decades. The majority of the property is made up of rolling and open fields which were once home to a Grade A Jersey dairy farm and have been used as productive hay ground for many years. A well maintained and nicely updated two bedroom, one bath craftsman style farmhouse sits perfectly on the highest point and overlooks the entire property offering breathtaking views in nearly every direction as far as the eye can see. Frontage on two roads provides ample access with over 1,770 feet on US-22 and approximately 1,300 feet on OH-519 and the possibility to subdivide as a family property or as an investment. Centrally located between Cadiz and Freeport, this great location provides easy access to modern conveniences and at the same time guarantees privacy with over 3,500 acres of uninterrupted nature next door in the form of Jockey Hollow Wildlife Area.
Whether you’re seeking an addition to or the start of your own cattle operation, a recreational paradise with thousands of acres to explore nearby, or looking to build your forever home, this property is sure to exceed your expectations. Don’t miss your chance to experience the definition of rural living at its finest. The setting, location, and upside potential are unparalleled with the ability to buy this at absolute auction with no minimums or reserves.
Parcel 1: 5.8± acres including a cozy two bedroom, one bathroom home with handcrafted oak trim and attached garage all situated on a beautiful hilltop setting offering million-dollar, panoramic views of the surrounding countryside yet conveniently located less than 8 miles from Cadiz. The home has had extensive updates including: 30 year Owens Corning architectural roofing, Andersen replacement windows with lifetime transferable warranty, Lenox high efficiency LP furnace & central air conditioning, Updated 200 amp electric service and new wiring including transfer switch for whole house generator, 160’ deep water well new in 2021, New 50 gallon water heater, Brand new carpet, Recently refinished kitchen.
Parcel 2: 8.1± wooded acres with over 1,100 feet of road frontage consisting of mixed hardwoods with a small ravine crossing the property. This would be a great place for a small cabin or hunting camp located across the road from Jockey Hollow Wildlife Area which offers nearly 3,500 acres of public hunting and fishing opportunities. Also nearby are Clendening and Piedmont Lakes, both offering fishing, boating, marinas and campgrounds for year-round recreational opportunities.
Parcel 3: 16.3± hilltop acres with 9 acres of rolling, productive hay ground offering multiple homesites with beautiful views and electricity available at the road. The balance of the property is wooded with young oak ridges chocked full of deer, turkey and other wildlife. This tract is directly adjacent to Jockey Hollow Wildlife Area offering endless hours of hunting, hiking, fishing and exploring the over 3,500 acres of public access and ensures no neighbors for miles.
Parcel 4: 5.25± acre ridgetop building lot with panoramic views overlooking 3,500+ acres of uninterrupted nature and sunsets straight from a postcard. Offering over 500 feet of road frontage on OH-519 with electricity available across the road.
Parcel 5: 53.75± acres of rolling, open ground with road frontage on OH-519 and a secondary access easement from US-22. This tract has been productively farmed for hay for many years and is the perfect addition to an existing cattle operation or as the perfect foundation for a new producer looking to enter the beef industry. A spring fed water trough is present on the property and has steadily provided water for over 100 years.
Open House: The property will be open for inspection Thursday, August 8th 5-7PM. Pick up a brochure and walk the land at your leisure. Private showings available through Mark Zimmerman, 330-705-2567.
Taxes/Legal: Harrison County Parcel #’s 17-0000758.000 & 17-0000757.002 located in Moorefield Township & Harrison Hills Local School District. The current annual taxes are $1,384.18 and will be prorated to the date of closing. If the property sells in parcels the county will determine the new tax rate per parcel.
Terms: The successful purchaser will be required to make a nonrefundable down payment of 10% at the conclusion of the auction with the balance due at closing within 45 days. A 10% buyer’s premium will be added to the final bid to determine the purchase price. All desired inspections need to be completed prior to bidding. The seller will have the right to harvest the hay until October 15th. Additional details are available at www.RES.bid.
Andy White, Auctioneer - Mark Zimmerman, Listing Agent - Drew Turner - Jeremy Schaefer, 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.
- 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. 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.
