Impressive East Holmes Absolute 106-Acre Land Auction
East Holmes Impressive 106-Acre Absolute Land Auction
Saturday, November 2nd @ 11AM
23 Parcels – Building Lots – Excellent Location
Live Auction w/ Online Biding @ RES.bid
CLICK HERE TO RECEIVE UPDATES ABOUT THIS AUCTION
Auction will be held on location on 7212 State Route 241, 3 miles west of Mount Hope and just over half a mile east of Benton. Watch for RES signs.
REAL ESTATE: We present to you the “Wooded Peaks” subdivision. Situated in the heart of one of East Holmes most desirable locations, this 106 acre property offers unmatched privacy while also providing easy accessibility. The land is open and rolling surrounded by beautiful, wooded Holmes County hillsides. The property will be offered in 23 parcels, ranging in size from 1.7 to 11.9 acres with a good variety of acreages in between. Whether you desire to build your retirement home on a manageable lot or need the space for pasture and children, you will appreciate the options this property presents. The private engineered road will be completed to county regulations allowing each lot to be “shovel ready” for the new owners to start building their dream home right away. The location also presents the opportunity for commercial and business ventures capitalizing on Holmes County’s vibrant economy.
Regardless of your interests, this property deserves your time and attention and will sell to the highest bidder(s) with No minimums or reserves.
Parcel 1: 4.5 acres
Parcel 2: 3.7 acres
Parcel 3: 1.8 Acres
Parcel 4: 4.7 Acres
Parcel 5: 1.8 acres
Parcel 6: 11.8 acres
Parcel 7: 8 acres
Parcel 8: 7.3 acres
Parcel 9: 3 acres
Parcel 10: 7.1 acres
Parcel 11: 3 acres
Parcel 12: 8.6 acres
Parcel 13: 4 acres
Parcel 14: 6.4 acres
Parcel 15: 4.4 acres
Parcel 16: 6 acres
Parcel 17: 2 acres
Parcel 18: 2.1 acres
Parcel 19: 3.4 acres
Parcel 20: 2.5 acres
Parcel 21: 2 acres
Parcel 22: 1.7 acres
Parcel 23: 6.4 acres
Open House: RES representatives will be onsite to answer questions on Monday, October 14th from 5-7 PM. You may also pick up a flyer at the property and walk the land at your leisure. Private showings are available through Andy White (419)651-2152. Buyer’s Packets are available by request.
Selling Order: We will sell each parcel by the acre with the winning bidder having the choice of whichever parcel(s) they desire. Once each parcel has a winning bidder, we will then offer the property in the following combinations:
Combination 1: Parcels 1-7
Combination 2: Parcels 8-13
Combination 3: Parcels 14-16 & 23
Combination 4: 17-22
Mineral Rights: Oil and gas rights are held by production and retained by a previous seller.
Property sells subject to the following restrictions:
- No commercial poultry, swine facilities or dog kennels shall be erected in the subdivision.
- No property shall exceed a consistent noise level above 80 decibels.
- All Dwellings must provide a minimum of 1500 Sq. Ft. of habitable living space.
- Building set backs shall be a minimum of 20 feet from front and 10 feet from side of any lots.
- No mobile or manufactured homes shall be permitted. Industrialized (modular) dwellings units built to conform to the Ohio Basic Building Code and so affixed with a seal of state inspection shall be permitted subject to their placement on a frost free foundation and connection to appropriate utilities.
- There shall be no outside storage of junk, scrap materials or inoperable vehicles of any kind.
- These restrictive covenants shall run with the land. They may be changed by agreement of all the members of the Wooded Peaks Subdivision.
Terms: The successful purchaser(s) will be required a non-refundable down payment of 10% at the auction with the balance due at closing after completion of final survey. A 10% buyer’s premium will be added to the final bid to determine the final purchase price. Any county required septic design and plot plans will be at the buyer’s expense. The owner is a licensed real estate agent.
Andy White - Joseph Mast - Drew Turner - 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.
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Property sells subject to the following restrictions:
- No commercial poultry, swine facilities or dog kennels shall be erected in the subdivision.
- No property shall exceed a consistent noise level above 80 decibels.
- All Dwellings must provide a minimum of 1500 Sq. Ft. of habitable living space.
- Building set backs shall be a minimum of 20 feet from front and 10 feet from side of any lots.
- No mobile or manufactured homes shall be permitted. Industrialized (modular) dwellings units built to conform to the Ohio Basic Building Code and so affixed with a seal of state inspection shall be permitted subject to their placement on a frost free foundation and connection to appropriate utilities.
- There shall be no outside storage of junk, scrap materials or inoperable vehicles of any kind.
- These restrictive covenants shall run with the land. They may be changed by agreement of all the members of the Wooded Peaks Subdivision.
