North Central Ohio Land Auction - 386± Acres in 8 Tracts

Thursday, November 9th at 6pm - Ashland, Ohio - Ashland County
ATTENTION FARMERS & INVESTORS! * Productive, Tillable Cropland * Excellent Facilities for Livestock * Wooded Hunting & Recreational Land * Timber Value * Abundant Road Frontage * Homes & Outbuildings * Great Income Potential * Ideal Location in Close Proximity to Ashland & I-71



NORTH CENTRAL OHIO - ASHLAND COUNTY

LAND AUCTION

THURSDAY, NOVEMBER 9TH AT 6PM


AUCTION LOCATION & DIRECTIONS:  Fraternal Order of Eagles 2178 · 400 Eastlake Drive, Ashland, OH 44805.  From I-71 at exit 186 (Ashland), travel west on US-250 for 3½ miles to SR-58 N./Orange Street.  Turn northeast (left) and travel ½ mile to Eastlake Drive/TR 1184.  Turn west (left) and travel ½ mile to Eagles 2178.

PROPERTY LOCATIONS & DIRECTIONS:  From I-71 at exit 186 (Ashland), travel west on US-250 a short distance to the 1st light at the BP Minimart.  Turn south (left) onto Twp. Rd. 1575 and travel ½ mile to Tract 7 & and then to Tract 5.  At TR-655, turn right.  In .2 mile, turn right onto TR-1524 and travel .3 mile to the property on both sides of the road.

Information/Inspection Dates: 

Thursday, October 5th & Tuesday, October 24th
A representative from The Wendt Group will be available at Tract 6 from 3:30-5:30 PM
For further information, contact Dale Evans 260-894-0458

Correction to the Brochure: Billboard is located on Tract 7. Not Tract 8. 10/17/17

Tract 1:  13± acres of quality cropland with 12.9± acres tillable per FSA.  The predominant soil types are Wheeling and Sloan loams.   Substantial frontage along TR-1524 makes this tract ideal for many purposes.
Tract 2:  83± acres with 68± acres tillable per FSA.  Jimtown & Canfield silt loams and Sloan loam are the primary soil types.  This tract includes quality, level cropland as well as a fenced pasture with mature shade trees for livestock.  The creek provides a year-round water supply for the livestock and a good drainage outlet as well.  The existing farm lane extends to the back of the property providing easy access for equipment and semis.
Tract 3:  32± acres of prime, level, quality, tillable land.  This tract currently has an excellent alfalfa crop.  Consider the opportunity of a building site for that rural estate you have always dreamed of.
Tract 4:  15± acres of mostly tillable, productive, gently-rolling land with Sloan and Wooster silt loam soils.  Consider combining tracts 4 & 5 for 50± acres of cropland with road frontage on both TR-1524 and TR-1575.
Tract 5:  35± acres of mostly tillable, productive land with frontage along TR-1575.  The primary soils consist of Ravenna, Canfield, & Fitchville silt loams.  The open ditch provides an excellent drainage outlet.
Tract 6:  30± acres with 2 homes, a stocked pond, several outbuildings and livestock facilities, a bunker silo, grain bins, and a manure handling system with a lagoon.  The farm has an updated water system that provides exceptional pressure and includes (3) interconnected wells (10â? & (2) 6â?).  This farm has been operating as a successful heifer raising/hog finishing facility, and the necessary resources are in place for continued success! 
Home A â?? 2-story, 4 bedroom, 2½ bath historic farmhouse. This home has been completely updated and professionally remodeled with new plumbing, wiring, walls, flooring, cabinetry, metal roof, Olsen natural gas furnace, duct work, and water softener.  The full basement has interior and exterior access.  Some special features include a large kitchen with abundant cabinet space and a walk-in pantry, dining room with hardwood floors, 2 laundry facilities, oak trim and ceiling fans throughout, jacuzzi tub, partially-covered back deck, and a stocked pond.
Home B â?? Older 2-story farmhouse
Building C â?? 33â??x65â?? concrete block shop with (2) overhead doors, side slider, walk-in door, concrete floor, water, and electricity.
Building D â?? Double-4 Herringbone parlor and glazed-block milk house with restroom.  (The dairy facility has not been used in several years and has no milking equipment.)
Building E â?? 30â??x170â?? equipment storage & commodity barn
Building F â?? 40â??x80â?? steel-framed equipment shed with concrete floor
Building G â?? 25â??x115â?? hog barn with (14) pens
Building H â?? 36â??x120â?? hog barn with (24) pens and a center aisle
Both of these hog finishing barns include concrete walls and sloped floors, manure grates covering a gravity-flow manure system that connects to the lagoon, Brock bins, auto-flex auger feeders, nipple waterers, curtain sides, and walk-in doors.
Building I â?? Bank barn with newer roof.  The front half of this bank barn has (2) levels. The upper level is 40â??x100â?? and provides excellent storage for feed and equipment.  The lower level has a 40â??x130â?? loafing area with box stalls, sorting areas, and headlocks. The attached barn is 70â??x165â?? and includes (90) free-stalls, Miraco waterers, east curtain walls, a center feed bunk, and an attached L-shaped manure pit.  This barn has access to a fenced pasture.
Building J â?? 50â??x135â?? barn with attached grooved-concrete feed lots, (59) Steinway headlocks, concrete apron, and Ritchie waterers.  Half of this barn is an open loafing area and the other half has (56) free-stalls and a box stall.
Building K â?? 16â??x400â?? loafing shed and (4) attached dry lots with concrete holding pens, (240) headlocks, (2) Ritchie waterers, a 7â?? concrete feed apron, and a manure-handling system connected to the lagoon.
Building L â?? 33â??x400â?? newer building with 15â?? eaves.  This (200) free-stall building has grooved concrete floors, overhead doors, a curtain side, (50) Steinway headlocks, (2) Miraco waterers, an 8â?? concrete apron, and a manure-handling system connected to the lagoon.  (This barn is divided into (4) equal sections, each consisting of (50) free-stalls.)
Tract 7:  117± acres mostly tillable with quality soils such as Wooster & Canfield silt loams.  This large, contiguous tract would make an excellent addition to any farming operation.  The open ditch provides an outlet for drainage. There is a billboard on Tract 7.  The lease and income will transfer to the buyer.
Tract 8:  61± acres of wooded and pasture land.  This hunterâ??s paradise provides 46± acres of wooded land.  The 15± acres of fenced pasture land includes a creek that provides a year-round water supply for livestock.  A farm lane runs the entire length of the woods on the east edge of the tract.  Consider the timber value of the mixed hardwood trees and the possibility of a secluded building site.  A large culvert under I-71 provides access to the wooded property on the north side of the interstate.

FSA and Tax Information available upon request.
Owners:  Wellington Land Company LLC










Property Photos

Terms & Conditions:

Real Estate Auction Terms & Conditions
PROCEDURE:  The property will be offered in 8 individual tracts, any combination of tracts, and as a total 386± acre unit.  There will be open bidding on the tracts and the entire property during the auction as determined by the auctioneer.  Bids on the tracts, tract combinations, and the total property may compete.
DOWN PAYMENT:  A 10% down payment is required on the day of the auction for individual tracts or combinations of tracts.  The down payment may be made in the form of cashierâ??s check, personal check, or corporate check.  YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.
ACCEPTANCE OF BID PRICES:  The successful bidder(s) will sign a Purchase Agreement at the conclusion of the auction.  All final bid prices are subject to Sellerâ??s acceptance or rejection.
EVIDENCE OF TITLE:  The Seller will provide a preliminary title opinion, certificate, or report to be made available to prospective bidders for review prior to bidding.  If any Buyer elects to purchase title insurance, the cost thereof will be at such Buyerâ??s sole expense.  Seller will convey title free and clear of liens, but otherwise subject to all easements and matters of record.  All tracts sold â??AS ISâ?.
DEED:  Appropriate deed will be delivered at closing.
CLOSING:  Closing will take place 45-60 days after auction date, or as soon thereafter as Sellerâ??s applicable closing documents are completed.
POSSESSION:  Possession at closing with tenantâ??s rights of the 2017 crop.  Seller will retain cash-rent for the 2017 crop year.
REAL ESTATE TAXES: The Buyer(s) will assume the real estate taxes for the calendar year 2018 due and payable in 2019 and thereafter.  If usage is changed, the Buyer is responsible for CAUV Recoupment.
TRACT MAPS; ACRES:  Tract maps, depicted boundaries, and stated acres are approximates based on county parcel data, current legal descriptions, and/or aerial mapping software and are not provided survey products.
SURVEY:  New surveys will be prepared where there is no existing legal description or where new boundaries are created by the tract division in this auction.  The type of survey provided will be at the Sellerâ??s option.  Survey costs will be shared equally between Buyer and Seller. 
EASEMENTS:  Sale of the property is subject to any and all easements of record.
MINERAL RIGHTS:  The sale will include 100% of the mineral rights (if any) owned by the Seller.
AGENCY:  The Wendt Group and its representatives are exclusively the agents of the Seller.
AUCTION CONDUCT:  Conduct of the auction and increments of bidding are at the sole discretion of the Auctioneer.  The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the personâ??s credentials, fitness, etc.  All decisions of the Auctioneer are final.
DISCLAIMER AND ABSENCE OF WARRANTIES:  All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement.  The property is being sold on an â??AS IS, WHERE ISâ? basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or the Auction Company.  All sketches and dimensions in the brochure are approximate.  Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property.  The information contained in this brochure is subject to verification by all parties relying on it.  No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. 
ANY ANNOUNCEMENTS MADE THE DAY OF THE AUCTION TAKE PRECEDENCE OVER PRINTED MATERIAL.

Wellington Tax and FSA Information Click to Download
Wellington Brochure Click to Download
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