TERMS & CONDITIONS: Tenant farmers 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 of $25,000, Tracts 2 and 3 will each require $15,000 down, or $55,000 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.

MONNETTE TRUST LAND AUCTION
153.08 +/- ACRES-N. MARION CO.
GRAND PRAIRIE & SCOTT TOWNSHIPS
3 PARCELS-PRODUCTIVE TILLABLE ACRES
LIVE AUCTION-NO BUYER’S PREMIUM

WED. AUGUST 23, 2023 @ 5:30 PM

Located: Offsite @ Central Ohio Assoc. of Christian Broadcasters, 1282 N. Main St. (SR 4), Marion, OH 43302. Farms have been in the Monnette Family for over 100 yrs. Selling to settle the Damon E. Monnette Living Trust & Monnette Family Trust. This land offers prime farm ground and a great potential investment. Tracts range from 14.46 to 80 acres.

FARM A: 80 +/- CONTIGUOUS ACRES, PARCEL #340180000300 (TRACT #1): Located in Scott Twp. pt. NE/4 section 30 with 1323’ road frontage on Marseilles-Galion Rd., Marion, OH 43302. Level topography mainly all good productive tillable (78.62 +/-) acres. All systematically tiled. Bennington, Milford & Centerburg silt soils. Sells as one tract.

FARM B: 73.08 +/- TOTAL ACRES, PARCELS #090160001100, 090160001400, 090160001500, 090170001801 (TRACTS #2 & 3): Located Grand Prairie Twp., pt SW/4 section 26 & Pt SE/4 section 27 with road frontage on Marion-Bucyrus Rd. (SR 4) and adjacent to SR 23 exit., Marion, OH 43302. Level topography bisected by SR 23. Good productive farm with lots of potential for commercial, development & investment purposes.

 

TRACT #2: 14.46 acres, 13.81 +/- tillable acres w/148.58 ft. of road frontage (limited to 54’ road access) on SR 4. East property line runs parallel of SR 23.

TRACT #3: 58.62 acres, 48.42 +/- tillable acres w/partial acres (rear) systematically tiled, 8.55 +/- wooded acres. Predominately Blount, Glynwood & Pewamo silt soils. 35.98 ’road frontage on SR 4.

TERMS & CONDITIONS: Tenant farmers 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 of $25,000, Tracts 2 and 3 will each require $15,000 down, or $55,000 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 on Tracts 2 & 3 only. Tracts 2 & 3 to be offered individually, in combination, or as a whole 73.08-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. 

 

For more details, visit www.higginsauctions.com

Attorney: Mr. David Bacon

 

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