Live and Online Land Auction

8895 US Highway 42, Ashley, OH 43003

 35.024 +/- Acres in Delaware County, OH

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35.024+/- acres on US 42 in Delaware County, Ohio. All tillable ground ONLY, this ground is unable to be developed. The farm is currently being farmed under a cash rent farm lease for 2025. The cash rent will be prorated through the date of closing. The current lease is $4,200 per year and payments are made on a monthly basis. The buyer will receive payments at the beginning of close through the end of the year for the current lease. The seller will not pay the CAUV tax recoupment. There are two assessments recorded in the preliminary title commitment (HorseshoeRun Ditch Assessment & Nuckles Ditch Assessment) Buyer will assume all future payments for assessments. 

Online Bidding Available: Wednesday, May 28th, 2025 at 7:00 PM

Live Auction Date: Wednesday, May 28th, 2025 at 7:00 PM

Live In-Person Auction Location: Harrison Place (117 East High Street, Ashley, Ohio 43003)

PLEASE CALL BEFORE WALKING THE PROPERTY

The following is a summary of the Terms and Conditions for this auction for real estate situated at Delaware County Parcel: 618-100-01-040-000 (the “Property”), being sold on 05/28/2025 (the “Auction”).

The undersigned Bidder agrees to abide by the Terms and Conditions of the auction and will execute the real estate purchase agreement.  If you have not read and reviewed the Terms and Conditions, do not bid. In connection with the Terms and Conditions, and without limiting the same, Bidder understands the following:

A) If you are the high bidder, you are contractually obligated to buy the real estate at the price stated as Your bid, Buyer’s Premium, fees, and all other applicable Buyer closing costs.

B) Successful Bidder will be required to enter into the purchase agreement as posted on the Documents tab and tender a NON-REFUNDABLE Earnest Money deposit of 10% of the Final Bid Price by cash, check, or electronic transfer after the end of the auction within 24 hours. Failure to execute the purchase contract and tender the earnest money deposit will put the bidder in default.

C) Default by Bidder: In the event of a default by the Bidder under the terms and conditions of this auction, the Auctioneer reserves the exclusive right to terminate this Agreement and take any and all actions deemed necessary and appropriate to sell the property, including, but not limited to, offering the property to the next highest bidder or relisting the property for auction at the Auctioneer's discretion. Nothing herein shall limit or relieve the Bidder's liability for any actual damages sustained by the Auctioneer, Seller, or any third party as a result of such breach. The Auctioneer's exercise of rights under this section shall not constitute a waiver of any other rights or remedies available to the Auctioneer, Seller, or any affected third party under this Agreement or applicable law.

D) Each Buyer is responsible for conducting their own due diligence on the Property before bidding. The buyer is encouraged to conduct an inspection(s) prior to bidding.

E) The real estate sells in AS IS condition. The Seller is not making any repairs or making any concessions.

F) The sale is not contingent upon a satisfactory inspection.

G) The sale is not contingent upon the Bidder(s) ability to secure financing. The buyer assumes responsibility for the appraisal gap, if any.

H) Closing to occur on or before 07/12/2025.

I) The Seller will not pay the CAUV recoupment tax.

J) Seller will provide and pay for owner’s title insurance, preparation of deed, conveyance fee, and the proration of real estate taxes.

K) Bidder acknowledges receipt of a copy of the real estate purchase agreement for this Auction.

L) There is a 10% (Ten) Buyer’s Premium added to your final bid to determine the final purchase price.

M) Selling with the aggregate(cumulative) reserve of ($227,656) $6,500.00 per acre.

N) Bidder acknowledges the farm is currently in a cash rent lease for 2025

By executing this document, the Bidder acknowledges receipt of the Terms and Conditions and agrees to purchase the property if they are the highest bidder. In the event the Buyer fails to act in accordance with the Terms and Conditions, the Seller and/or Auctioneer reserve the right to commence proceedings to recover actual damages, including reasonable attorney fees, and may also ban the Buyer from participating in future auctions.

PLEASE CALL BEFORE WALKING THE PROPERTY

Will Evans is licensed by the Ohio Department of Agriculture and bonded in favor of the State of Ohio. An aggrieved person may initiate a claim against the auctioneer’s bond in accordance with Section 4707.25 of the Revised Code as a result of the licensee’s actions.

Ohio Department of Agriculture

8995 E. Main Street, Bldg. 1

Reynoldsburg, OH 43068