Absolute Wally Road Online Only Real Estate Auction
40 Acres – 1 Parcel - Wooded – Jefferson Twp. - Knox Co.- Danville LSD
Absolute Wally Road Online Only Real Estate Auction
Bidding will end Friday, October 25 @ 5:30PM
40 Acres – 1 Parcel - Wooded – Jefferson Twp. - Knox Co.- Danville LSD
Online Bidding @ RES.bid
CLICK HERE TO RECEIVE UPDATES ABOUT THIS PROPERTY
Location: Wally Road Glenmont, OH 44628. GPS Coordinates: 40.5412, -82.209026.
Directions: From 514 in Greer take Wally rd. 2miles north to property on left. From St Rt. 3 in South of Loudonville take Wally Rd. 7 miles to property on right.
REAL ESTATE: South of Loudonville on the hillside in the Mohican River Valley, this 40 acre tract is a recreational land lovers dream. Located on the ridge west of the river and running down to the Wally road and the Mohican river. The woods has been selectively harvested in the past but has a good selection of harvestable timber available. This mature woods features a great mix of wildlife habitat and is ready for your management. Walking the property and observing the bedded deer along with the wild life sign make this one of the good ones! Large enough to hunt but small enough to be affordable. The frontage is limited and access on that frontage can be a challenge, but that is what makes this a great property as it is very private. There is also river frontage, although access is not ideal. Use your imagination to access this unique piece of the Mohican River Valley and realize your dreams!
Taxes & Legal: Parcel # 37-00333.000 (40 acres), Knox County, Jefferson Twp. Taxes are $242.20 (CAUV).
Mineral Rights transfer subject to leases of record.
OPEN HOUSE: You may walk the property at your convenience using only the owned access. For private showings call Jon Mast 330-763-3883 or Jake Miller at 330-473-7352.
Bidding station will be at RES / Howard Hanna Office located at 1197 Glen Drive, Millersburg, OH 44654
TERMS: The property will be offered in 1 Parcel. 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 10% Buyer’s Premium in effect for this real estate auction. 10% of the highest bid will be calculated and added on to the high bid to determine the contracted selling price. 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. Online closing will be a timed closing beginning at 5:30 PM on Friday, October 25,2024
Auction Conducted By: Andy White, Auctioneer
JON MAST – AUCTION MGR.330-763-3883 * SETH ANDREWS, BROKER
JAKE Miller 330-473-7352 Howard Hanna Real Easte Services- Co-listing Agent
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 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.
