REAL ESTATE ONLINE AUCTION

PRIVATE SELLING OFFICER - FORECLOSURE

Copy and paste the link to learn more and bid online: https://aoway.info/AO-200384

Preview Instructions:

There are NO showing appointments but,

(1) OPEN HOUSE on Monday, March 18th, 2024 (3:00 to 5:00 PM)

Property Location:

5703-5705 Lithopolis Road NW, Lancaster, OH 43130

The Minimum Bid is FORECLOSURE-$2,400,000 RESERVE

BIDDING COMMENCES AT 11:00 AM ON THURSDAY, MARCH 14th, 2024

Pursuant to Court of Common Pleas, Fairfield County, Ohio, Civil Division, Case No. 2023 CV 00001; property to be sold by Chris Davis of Chis Davis, Inc. dba Auction Ohio, the Court appointed Private Selling Officer (“PSO”).

The property sells ‘AS IS’ and with a $2,400,000 RESERVE (or minimum opening bid); based on 2/3 of the $3,600,000 Court appraisal.

There will be NO Showing Appointments.

OPEN HOUSE

Monday, March 18th, 2024 (3:00-5:00 PM)

NOTE: This being a FORECLOSURE AUCTION, there will be NO other opportunities to view or inspect the property.

5705 Lithopolis Road NW is the address of this unique event center for gatherings, reunions, family picnics, corporate outings & more. Situated on a gently rolling 11.6 acres (+/-), there are (5) buildings with over 9,000+ sq. ft., ample parking, picnic grounds, a stocked pond, small chapel & the Hocking River abuts & runs through part of the property.  Currently, the Rockmill Brewery (established in 2010), is a tenant and occupying the space, facility & acreage and continues to function as a brewery and  multi-purpose event facility.

5703 Lithopolis Road NW is the address of the 5,080+ sq. ft. 2 story residence also situated on the property. The Auditor indicates that it was built in 1900, remodeled in 1981 and offers 3 bedrooms, 4 full baths, 3 half baths, 3 fireplaces, electric heat & central air conditioning & 3 car detached garage. There is no basement. NOTE: This residence is currently occupied by the family who owns the Rockmill Brewery.

5705 & 5703 Lithopolis Road NW:  NO furnishings, fixtures and/or equipment or any personal property will convey!

DO NOT DISTURB THE BUSINESS OPERATION OR RESIDENTS

Drive by and check it out but, please DO NOT drive onto the property or do anything that might, in any way, disrupt or disturb this ongoing business or the residents.  Thank you.  

AUCTION TERMS & CONDITIONS

A) Pursuant to Common Pleas Court, Fairfield County, Ohio, Civil Division, Case No. 2023 CV 00001, the property is being sold by Chris Davis of Chris Davis, Inc. dba as Auction Ohio, as the Private Selling Officer (PSO).

B) By placing the high bid, you are contractually obligated to buy the real estate at the price stated in your bid, plus the 10.0% buyer’s premium.

C) Successful Bidder will be required to sign an Acknowledgement of Successful Bid and Deposit (to be filed with the Court) and tender an earnest money deposit in the amount of 10.0% of the bid price within (48) hours of the close of the auction by electronic transfer. Failure to execute the Acknowledgement of Successful Bid and Deposit and/or tender the earnest money deposit will be in default.

D) Each buyer is responsible for conducting their own due diligence on the property before bidding.

E) The real estate sells ‘AS IS’ condition.  The Seller is making no repairs or giving 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.  

H) Closing to occur with (30) days of the Court’s approval of Confirmation of Sale.

I) Seller will pay for preparation of deed and real estate taxes will be paid current to the date of the auction.

J) Buyer shall pay conveyance fees, recording fees, title agency closing fees and title insurance.

K) There is a 10.0% (ten percent) Buyer’s Premium charged to the Buyer and collected at closing.

L) Buyer acknowledges receipt of a copy of the Acknowledgement of Successful Bid and Deposit

AUCTION MARKETED & AUCTIONED BY

Auction Ohio Real Estate

7461 Worthington Galena Road

Worthington, OH 43085

ANY QUESTION, CONTACT: 

Ray Dailey, Realtor®

(614) 325-0064

ray@auctionohio.com