JOHN LANDIS FAMILY TRUST AUCTION

Description

JOHN LANDIS FAMILY TRUST AUCTION
136 +/- ACRES-N.E. MARION COUNTY-TULLY TOWNSHIP-5 PARCELS-HOMESITES-TILLABLE-WOODED ACRES
LIVE AUCTION – NO BUYERS PREMIUM
THURSDAY, AUGUST 25th, 2022 @ 5:30 PM
Auction held offsite: Sunny Acres Party Barn @ 4600 Harding Hwy E (S.R. 309), Caledonia, OH 43314.
This farm has been in the Landis Family since the late 1800’s. Selling due to the passing of John J. Landis. This land auction offers something for several types of ownership. Tracts ranging from 5.01 acres to 59 acres. Real Estate is 3.5 mi N.E. of Caledonia; 5 mi W. of Iberia, 2 mi. W. of Martel. All ground is systematically tiled.
FARM A: 81.94 +/- contiguous acres, Parcel #360170002600 & 360170002601 (Tracts 1, 2 & 3)
Location: Section 29, 4072 & 4084 Timpson Rd., Caledonia, OH 43314. Predominately Bennington & Cardington Silt and Pewamo soils. Taxes are $2,786.26 per year based on CAUV.
TRACT #1: 5.01+/- acres with over 200’ of road frontage, 2 driveways leading to (2) homes. Original farmhouse sits back long lane with a beautiful hilltop location with summer kitchen, barn & sheds in unlivable condition (absolute great building site). Recent home is a 1999 manufactured ranch (1674+/- sq ft.) on full basement with 6 rooms, 3 bedrooms, 2 baths, geothermal heating & cooling, Delco water sitting back off the road. All utilities are on and functioning. However, this home is in need of repairs and sprucing up. Taxes to be determined.
TRACT #2: 15.7+/- acres with 1120 ft of road frontage on Marseilles-Galion rd. mainly good tillable productive acres with small waterway.
TRACT #3: 61.23 +/- acres with 899 ft. on Timpson Rd., mainly good tillable, productive farmland.

FARM B: 54.10 +/- contiguous acres, Parcel # 360180003400 (Tracts 4 & 5)
Location: Section 30, approx. ¼ mi. S. of Farm A on Timpson Rd., Caledonia, OH 43314. Predominately Bennington & Cardington Silt soils. Taxes are $930.06 per year based on CAUV. Total of 1793.18 +/- ft. road frontage
TRACT #4: 12.2 +/- acres with 402’ of road frontage on Timpson Rd., consisting of rear 8+/- of wooded acres, and 4.2 tillable acres up front. Good potential building lot with hard-to-find mature wooded acres and small creek.
TRACT #5: 41.9 +/- acres with 1391’ of road frontage on Timpson Rd., consisting of mainly tillable acres.

TERMS & CONDITIONS: Tennant farmer will have the rights to fall harvest. The successful bidder(s) will be required to enter into a purchase contract at the conclusion of the auction. We will require a deposit (non-refundable) on Tracts 1, 2, 3 of $7,500 each, tracts 4 and 5 will each require $15,000 down, or $50,000 as a whole shall be due at the conclusion of the auction with the balance due in 45 days. Your bidding is not conditional upon financing, inspections or appraisals. Be sure you have arranged financing, if needed, and are capable of paying certified funds at closing. Assignments of any purchase contracts are conditional on the bidder remaining jointly liable on the contract with the assignee. Taxes pro-rated to closing date. Tracts selling subject to all legal highways, easements, restrictions, agreements and rights-of-way of record, and any lease, grant, exception, or reservation of coal, oil, gas and other mineral rights and interests previously transferred or reserved of record, if any. Farmland is under CAUV. If buyer changes usage, any recoupment will be at the buyer’s expense. New surveys will be paid by sellers if needed. The purchaser will be responsible for the cost of title insurance or other type of title evidence if the purchaser(s) elect to acquire such title insurance/title evidence. Acreages and frontages are subject to final survey if applicable.
BIDDER NOTICE: We will be using the multi parcel auction method. Tracts 1 through 5 to be offered individually, in combination, or as a whole 136.04-acre farm. Selling in the manner that brings the most money. All bids will compete and remain open for bid advancement until auctioneer announces property sold.
DISCLAIMER: Information contained in this brochure and all related materials is based upon information available at time of listing and are believed to be accurate, but is subject to verifications by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the sellers or Auction Company. Tract acreage, dimensions, aerial photos and boundaries are approx. and are taken from Co. & FSA Agency records. The potential Buyers hereby stipulate and agree that they have examined the property. Relying solely upon such examination with reference to conditions, Buyers agree to take such property “AS IS” without any expressed or implied warranties by Seller or Seller’s agent. Any inspections desired by the Buyer shall be prior to the auction at Buyer’s expense.

Trustees: Tara Guider, Elaine Evans, Jene Theopolos

BEN HIGGINS REALTY & AUCTION CO., LLC.
Ben A. Higgins Broker & Auctioneer
Ben F. Higgins Realtor & Auctioneer
740-387-5111/www.higginsauctions.com