West Holmes 74 Acre Real Estate Auction
West Holmes 74 Acre Real Estate Auction
Wednesday, September 4 @ 5:30PM
2 Parcels – Tillable – Wooded – Barn – Unfinished Cabin
Live Auction w/ Online Bidding @ RES.bid
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Auction will be held onsite located at 5993 County Road 333, Millersburg, OH. Take State Route 39, West of Millersburg, and turn right to County Road 333. Watch for RES Signs.
Real Estate: Discover 74 acres of prime real estate featuring a harmonious blend of secluded woods and open tillable land, perfect for farming, hunting, or recreational activities. This property, split into two parcels, offers unparalleled privacy and flexibility for your dream retreat or agricultural ventures.
Parcel 1: 33.8+/- acres, featuring 232 feet of frontage and a perfect blend of approximately 2/3 wooded area and 1/3 open ground. This versatile property features an unfinished cabin with a finished basement, providing a blank canvas for your dream home or getaway. Additionally, a barn with a lean-to and a pavilion equipped with a recreational area add to the property's appeal, offering endless possibilities for outdoor enjoyment and storage.
The land benefits from an improved spring development, ensuring a reliable water source, and currently has a septic holding tank in place. This makes the property well-suited for a variety of uses, including farming, residential development, or a recreational getaway.
The cabin area enjoys a secluded and private setting, nestled amidst the wooded portion of the land, ensuring peace and tranquility. Meanwhile, the barn and a spacious parking lot are conveniently located at the front of the property, providing easy access and ample space for vehicles and equipment. This parcel is ideal for those seeking a mix of privacy, recreation, and potential for future.
Parcel 2: 40.4+/- acres featuring 50 feet of frontage and an ideal blend of approximately half wooded area and half open, tillable ground. The open land is conveniently situated at the front of the parcel, providing easy access and ample space for agricultural use or future development. At the back of the property, you'll find a serene, wooded area perfect for recreational activities or creating a private retreat.
Under the Current Agricultural Use Valuation (CAUV) program, the property has been managed for both mature and growing timber through selective timbering over the years. Don't miss this chance to own a property that offers so many possibilities, from farming and development to recreation and relaxation. Embrace the opportunity to make this land your own, tailored to your vision and needs.
Open House: Property will be open for inspection Tuesday, August 27th 4-6PM. Pick up a brochure and walk the land at your leisure. Private showings are available through Jon Mast, 330-763-3883 or Jake Miller, 330-473-7352.
Taxes/Legal: Holmes County Parcel # 06-001800-005 is located Hardy Township and West Holmes School District. The current annual taxes are $1,611.62 and will be prorated to the date of closing.
Terms: The property will be offered in 2 parcels and together and will sell the way it brings the most for the seller. We require a non-refundable down payment at the close of the auction of 10% of the purchase price with the balance to be paid in full at closing within 30–45 days. There are no financing contingencies. Any desired inspections must be completed before the auction. There is a 3% Buyer’s Premium in effect for this real estate auction. 3% of the highest bid will be calculated and added on to the high bid to determine the contracted selling price. If the property sells in parcels, $500.00 per parcel will be added to the purchase contract to cover part of the survey costs. The buyer will be given immediate possession at closing. Hunting rights will be given to the new buyer with the down payment on auction day. The online portion of the auction will close with the drop of the hammer at the live auction.
Dutch Legacy Acres, LLC
Andy White - Jon Mast – Auction Mgr.330-763-3883 * - Jake Miller, 330-473-7352 - Seth Andrews, Broker
WWW.RES.BID
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 3% 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.
- If the property sells in parcels, $500.00 per parcel will be added to the purchase contract to cover part of the survey costs.
- 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.