Rickett Ashland County Absolute 167 Acre Farm and Personal Property Auction
Rickett Ashland County Absolute 167 Acre Farm and Personal Property Auction
Saturday, October 19th
Personal Property 10 AM – Real Estate 12 Noon
Mapleton Building Lots – Tillable – Good Wooded Hunting Acreage –
Home & Buildings – Offered in 11 Parcels
Live Auction w/ Online Bidding @ RES.bid
CLICK HERE TO RECEIVE UPDATES ABOUT THIS PROPERTY
Auction will be held on location at 402 Township Road 791, Sullivan. From US Rte 224 east of Nova, take Township Road 791 south or from Mapleton Schools take County Road 801 north to right on 500 then an immediate left on 791. Watch for RES signs.
REAL ESTATE: Selling to the highest bidder is 167 acres of opportunity with great long-term investment potential. The farm is a great mix of open and wooded land with over 4,365 feet of road frontage. The tillable land has been farmed organically for several years and could seamlessly continue that path but would also make a good addition to any agricultural portfolio. The land offers slightly rolling topography allowing good surface drainage and also has had tile and subsurface drainage added over the years. For you hunters and nature lovers, the wooded portion of this farm offers abundant possibilities for the pursuit of wildlife and the full enjoyment of life. The natural terrain and habitat tell the story of the quality and quantity of the whitetail herd that this property holds. The wooded acreage does offer some marketable timber and good future growth. In addition to the land is the possibility of taking the Rickett homestead and updating it into your personal oasis. The two-story home is in need of updating but provides a good setting and a great canvas for your elbow grease to quickly turn into sweat equity. A good 24’x40’ outbuilding with a 12’ overhang, as well as additional smaller outbuildings accent the property.
If your dreams include transforming a history rich farmstead, building your dream home, adding farmland to your legacy, or spending fall in a tree stand hoping the wind and luck are on your side, this property is the one you are dreaming of.
Parcel 1: 2 Acre building lot on Township Road 350.
Parcel 2: Awesome 16 acre parcel with great seclusion. Dream home, food plots, tillable, hunting, getaway. This one checks all the boxes.
Parcel 3: 57 wooded acres with ideal wildlife habitat and marketable timber that adds to the soundness of this investment. Study the big picture map and discover the natural funnel this parcel creates.
Parcel 4: 24.5 acres of mostly open land, ideal for that mini farm or a great addition to your existing farmland.
Parcel 5: 16 acres of mostly wooded land. This parcel lends itself well to that timber frame home or log cabin you have always seen your future in.
Parcel 6: 4 acre open building lot on 791. Tuck that home against the woods and enjoy the country peace and quiet.
Parcels 7,8,9: Each 2.5 acre building lots on 791. Ideal size with good locations to build.
Parcel 10: 37.5 acres of open tillable land. In addition to farming, this parcel offers several locations for a secluded homestead.
Parcel 11: The homestead. 4.5 acres with farmhouse, detached garage, and several smaller outbuildings. The home offers really good character as well as some modern upgrades but is ready for your creative spirit and renovations.
Sale Order: Parcel 11 will be offered first then parcels 1-10 will be sold by the acre with the winning bidder having the choice of whichever parcel(s) they desire. Once each parcel has a winning bidder then parcels 4,6,7,8,9,and 10 will be offered in combination allowing someone to bid on the majority of the tillable land together. The last offering will be the entire farm together. Call for additional details.
Open House: The house and buildings will be open for inspection on Tuesday October 1st from 5 to 6:30 PM. You may pick up a brochure and walk the land at your leisure. Private showings are available through Andy White 419-651-2152 or Mary Hartley 419-651-3586.
Taxes/Legal: Ashland County Parcel #'s N39-004-0-0013-00, N39-004-0-0014-00, N39-004-0-0016-00, N39-004-0-0001-01 is located in Troy Township & Mapleton Local School District. The current annual taxes are $3,352.48 and will be prorated to the date of closing.
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. CAUV recoupment will be at buyer's expense. Additional details are available at www.RES.bid.
Auction by order of the Frank Rickett Family Trust – Louise Goldsmith and Clint Rickett, Co-Trustees
Andy White – Mary Hartley – Drew Turner – Jake White – 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.
