87 ACRES / HARRISON COUNTY, OH

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Auction Description:

87 ACRES / HARRISON COUNTY, OH

Live and Online at res.bid

Auction Date: August 21, 2024 Auction Time: 5:30 PM ET

Auction Venue Location: Onsite at 39201 Stumptown Road, Cadiz, OH 43907

Open House Dates and Times: August 8th, 2024 from 5:00-7:00 PM ET at 39201 Stumptown Road, Cadiz, OH 43907

This property is being auctioned by RES Auction Services in cooperation with Whitetail Properties Real Estate, LLC

Entire Farm Description:

Selling ABSOLUTE: 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 bathroom 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. Located less than 7 miles from Cadiz, 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.

Details:

Taxes: $1,384.18 for the entire property

Lease Status: Open Tenancy for 2025 crop year

Possession: Immediate possession subject to current tenant’s rights for 2024

Survey needed?: Yes

Brief Legal: R5 T10 S31 SE 64.103A & R5 T10 S31 22.998A

PIDs: 17-0000758.000 & 17-0000757.002

Lat/Lon: 40.21608524518016, -81.09290342363913

Zip Code: 43907

Tract 1 Description:

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 7 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

Tract 2 Description:

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.

Tract 3 Description:

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.

Tract 4 Description:

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.

Tract 5 Description:

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 a great 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.

Terms:

– A 10% Buyer’s Premium applies to all purchases

– 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: Fiduciary Title, The Escrow Agent shall be chose by the Seller, however, if required as a condition of the loan, 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 usance 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 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 even 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 day of sale.

The home has had extensive updates

Multiple building sites

Lots of road frontage

Productive hay farm

Spring fed water trough

Adjacent to Jockey Hollow Wildlife Area

Great views

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