WOOSTER NORTH END

DEVELOPMENT and AGRICULTURAL LAND ABSOLUTE AUCTION

Tuesday October 15^th 5:30 PM

94.5 ACRES – WOOSTER NORTH END – 5 PARCELS –

 GREAT AGRICULTURAL PROPERTY- ENDLESS DEVELOPMENT POTENTIAL

Property will be sold on location on Hoffman Road between Smithville Western and Schellin Roads just off of State Route 3.  Watch for RES signs.

REAL ESTATE: Very few communities have experienced the growth that Wooster has and as you look at future expansion, we have a property that is in natural progression.  94.5 Acres of nearly all open and tillable land with frontage on Smithville Western, Hoffman, and Schellin roads at Wooster’s north end.  Close access to city utilities, natural gas along the property and this location allow for an investment with unlimited upside potential.  Several great housing developments surround this property and the proximity to the “North End” amenities insure the soundness of this opportunity.  From a farming aspect, this property has been organically farmed for many years allowing the next purchaser to continue that tradition if desired.   The lay of the land is very ideal with good drainage.  Regardless of your operations strategy the ease of access and the high percentage of tillable land make this a great long-term opportunity.  As you picture Wooster in 5-10 years, it is intriguing to dream of the possibilities this property presents.  The property will be offered in 5 parcels and also in it’s entirety and will sell to the highest bidder with No Minimums or Reserves.  Pickup a flyer at the info box on the property and walk the land at your leisure.

Parcel 1: 24.4 Acres with frontage on Schellin Road.

Parcel 2: 63.1 Acres of mostly open land with frontage on Hoffman and Smithville Western Roads.

Parcel 3: 3.3 Acre building lot on Smithville Western Road.

Parcel 4: 2 Acre building lot on Smithville Western Road.

Parcel 5: 2 Acre building lot on Smithville Western Road.

TAXES: Property is known as Wayne County parcel #s53-00806.000 and 53-02614.000, Wayne Township, Wooster Local Schools.  Taxes are $2,671.12 per year based on CAUV and will be prorated to the day of closing.  Any CAUV recoupment will be at buyers expense.

TERMS: The successful purchaser(s) will be required a 10% non-refundable down payment at the auction with the balance due at closing within 45 days.  A 5% buyer’s premium will be added to the final bid to determine the purchaser price.  Buyer packets are available upon request.  Additional details are available at www.RES.bid.

Auction by order of McIlvaine Land Co. LLC

                                  Andy White 419-651-2152 – Joseph Mast                           

                                   Seth Andrews, Broker       

John Ertl, HER Realtors

330-347-4380