Western Ohio Land Auction - 77.5± Acres

Monday, March 5th at 6:00PM - New Lebanon, Ohio - Montgomery County
A Unique Opportunity to Purchase Quality Tillable Land, Home, Outbuildings & Recreational Land * Tillable Acreage * Well-Maintained, Updated Home with Country Charm * Several Out-Buildings ideal for Numerous Purposes * Newer 800-Amp Underground Service & 6� Well * Wooded Recreational Land & Pond * Enjoy Hunting & Fishing in a Private Setting * Investigate the Retail Possibilities this Location Offers

Auction Location & Directions: New Lebanon Municipal Building, 198 S. Clayton Rd., New Lebanon, Ohio 45345. From the traffic light at the intersection of Main St. and Clayton Rd., travel south on S. Clayton Road a short distance to the New Lebanon Municipal Building located on the east (left) side of the road.
Property Location & Directions: 636 N. Diamond Mill Road, New Lebanon, Ohio 45345. From New Lebanon, travel east on US-35/Main Street to Diamond Mill Road. Turn north (left) and travel .5 mile to the property on the east side of the road.  Watch for signs.
Located within both New Lebanon Local & Trotwood-Madison City School Districts

Auctioneerâ??s Note:  This offering provides a unique opportunity to purchase a very versatile property with home, outbuildings, recreational land, and quality tillable land.  Consider the income potential offered!

Inspection Date: Monday, February 19 * 3:30-5:30 PM

Meet a representative from The Wendt Group at the home on Tract 2.

· 10 miles west of Dayton, Ohio
· 30 miles southeast of Greenville, Ohio
· 30 miles northeast of Hamilton, Ohio
· 40 miles east of Richmond, Indiana
· 60 miles north of Cincinnati, Ohio

Tract 1: 57+ acres with easy access along N. Diamond Mill Road.  Portions of the tillable land have been systematically tiled in recent years. The open ditch provides an excellent drainage outlet. The woods and pond offer an ideal setting for both outdoor enthusiasts and hunters alike with abundant thick cover and food sources.
Tract 2: 20.5+ acres including a charming 2-story farmhouse with many recent updates, multiple buildings with endless possibilities, and an asphalt driveway.
The home features 6 bedrooms, 2 full baths, and a partial basement. Recent updates include metal roof, all appliances which will stay with the home (refrigerator, microwave, oven/cooktop, washer, & dryer), kitchen, both bathrooms, new covered deck, windows, insulation, concrete sidewalks, and landscaping.  Kitchen boasts ample cabinet space, large center island, and walk-in pantry. Beautiful wood trim and 6-panel doors are located throughout this home with a stately brick fireplace situated on the first floor.
Outbuilding 1: 80â??x160â?? L-shaped building.  Explore the opportunities this building has to offer: Large insulated workshop area with concrete floor,
2 overhead doors, and a 12 ½â?? wide inground concrete loading/unloading dock. This building provides ample working space and easy access.
Outbuilding 2: 32â??x150â?? of usable storage space or convert to fit your needs.
Outbuilding 3: 14â??x52â?? of ideal storage space with concrete floor, overhead door, and sturdy metal shelving along each wall.
Outbuilding 4: 40â??x98â?? with concrete floor and double slider. This barn features a large attached concrete pad for future expansion.
Outbuilding 5: 40â??x40â?? with concrete floor and slider. Ideal for machinery storage.
Outbuilding 6: 30â?? wide, 3-sided commodity shed with concrete pad.
Outbuilding 7: 70â??x75â?? covered shed with partial concrete. The structure of this barn consists of old wooden post and beams.
Outbuilding 8: 16â??x49â?? with concrete floor. Ideal storage or tool shed.
Outbuilding 9: 40â??x100â?? Morton building with concrete floor and grain package with unload auger. This building includes 13â??6â? eves, end sliders for drive-through access, and walk-in door.  This is a very nice, versatile pole building that would lend itself to multiple purposes.
Grain Bin: 24â??- 7,000-bushel storage with stir-ator and drying floor.

Property Photos

Terms & Conditions:

PROCEDURE:  The property will be offered in 2 individual tracts and as a total 77.5± 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 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 or personal check. Ohio Law states that the down payment must be deposited in the Brokerâ??s non-interest-bearing trust account within 24-48 hours after receipt of such funds.  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 30-45 days after auction date, or as soon thereafter as Sellerâ??s applicable closing documents are completed.
POSSESSION:  Possession at closing. 
REAL ESTATE TAXES: The real estate taxes will be prorated to the date of closing.  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.

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