Auction begins closing April 23rd at 6 pm.

Bid online anytime

You may also place your bids in person at the property on April 23rd (5pm-6pm)

Property tours April 13th (12pm-3pm) and April 23rd (3pm-5pm)

 

Pickaway County, Ohio. 33.259 acres for ONLINE AUCTION. Rare investment opportunity! The property boasts a 4-bedroom, 2-bath home along with a detached garage, barn, and additional outbuildings. The home would make an ideal rental while you wait for development. The 25 acres of tillable land is income-producing (currently $125 per acre.) This area is zoned RBD (Rickenbacker Business Development) with easy access to US 23, I-270, I-71, and I-70. Just minutes away is Rickenbacker Intermodal and Rickenbacker International Airport, one of the world's few cargo-dedicated airports. This area is undergoing significant development. Take advantage of this opportunity!

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Address: 10560 Lockbourne Eastern Rd. Ashville, Ohio 43103

GPS: Lat. 39.77847  Long. -82.93907

Parcel: F1600010001202

Real Estate Taxes: $4,696

Township: Madison

Zoning: Yes

CAUV: Yes

Soils: Primarily crosby silt loam, 0 to 2 percent slopes

Schools: Teays Valley LSD

Phone bidding available. (Call auctioneer to register)

Acceptance of auction terms is required prior to bidding.

Contact auctioneer Brian Bauer anytime at 614-949-6764 or bbauer@mossyoakproperties.com

10560 Lockbourne Eastern Rd
Ashville, Ohio 43103
United States

The following is a summary of the Terms and Conditions for this online auction for real estate located at and/or identified as 10560 Lockbourne Eastern Rd. Ashville, Ohio 43103 (the “Property”) Pickaway County parcel F1600010001202 being 33.259 acres.

Bidder agrees to abide by these Terms and Conditions of the online auction. This auction has an undisclosed reserve price. If the highest bid meets or exceeds the reserve price, the highest bidder will execute the real estate purchase agreement. The real estate purchase agreement is available for review prior to bidding on the "documents" page. No revisions to the real estate purchase agreement will be permitted. By bidding at this auction, Bidder agrees and confirms that Bidder understands and agrees to all of the following:

Auctioneer Brian Bauer and Bauer Realty & Auctions, LLC represent the Sellers only.

All bids remain legally binding for 24 hours after the auction's conclusion.

This auction begins closing on April 23rd, 2024, at 6 pm; however, bidding will remain open on the property until 1 minute has passed without receiving a bid. This soft close ensures fairness and allows the highest bidder to win. 

You are NOT bidding by the acre. You are bidding to pay a lump sum dollar amount for the property.

A 10% Buyers Premium will be added to the winning bid to determine the purchase price of the property. The bid prices shown on the auction website DO NOT include the Buyer's Premium. Please bid accordingly. 

If your bid is accepted, you are obligated to buy the Property, and you agree to pay the total purchase price, which includes your bid, the 10% buyers premium, and half of the standard fees charged by the title company to close the transaction. Buyer shall also pay for half of the cost of an Owner's Policy of Title Insurance. 

The successful Bidder at auction will be required to tender a non-refundable deposit in the amount of 10% of the final purchase price by electronic transfer or other method specified by the Auctioneer within one business day after the conclusion of the auction. Failure to tender the earnest money deposit will be a default.

The Property sells in its AS-IS condition. Sellers will not make any repairs or give any concessions for repairs or remedies to any defects discovered. Each Bidder or Buyer is responsible for conducting his or her own due diligence on the Property before bidding. Any desired inspections of the Property must be completed prior to bidding at Bidders expense. The sale is not contingent upon a satisfactory inspection. 

The winning Bidder is welcome to finance their purchase; however, the sale of this property is not contingent upon the winning Bidder’s ability to secure financing. Bidders seeking financing should contact a lender for pre-qualification prior to bidding. Buyer assumes any responsibility for an appraisal gap.

Closing shall occur on or before May 23rd, 2024.

Sellers will retain possession of the home and buildings until 30 days after closing.

If crops are planted on the property prior to the conclusion of the auction, the tenant farmer shall have rights to the 2024 planted crop.

The sellers will provide a General Warranty deed to the Property.

Northwest Title will be performing closing. (Krista McKee 740-994-4466)

Bidder acknowledges that a review of a copy of the real estate purchase agreement, property disclosures, and title search are available for bidders' review prior to bidding.

Any Bidder must be at least 18 years of age.

Bid Rigging is a Federal Felony. Auctioneer will report illegal activity by any person to the FBI for investigation and prosecution. Title 15, Section 1 of the U.S. Code makes any agreement amongst potential bidders not to bid against one another, or to otherwise dampen bidding illegal. The law provides for fines of up to $100,000,000 for a corporate offender and $1,000,000 for an individual, plus imprisonment for up to 10 years.

In the event there are technical difficulties related to the server, software, internet or any other online auction-related technologies, auctioneer reserves the right to extend bidding, pause the bidding, continue the bidding, or close the bidding. Neither the company providing the software nor the auctioneer shall be held responsible for a missed bid or the failure of the software to function properly for any reason.

Auction announcements or postings take precedence over anything previously stated or printed.

Should Bidder fail to abide by these Terms and Conditions, Auctioneer and/or Sellers may commence proceedings to recover actual damages, including reasonable attorneys’ fees to enforce them.