A 10% BUYERS PREMIUM WILL BE ADDED TO THE WINNING BID TO DETERMINE THE FINAL PURCHASE PRICE. PLEASE BID ACCORDINGLY.
Please do not wait until the last few seconds to bid. Your bid could be missed.
Bidding extension time is now reduced to 3 minutes per bid.
Zion Rd SE - 41.32 Acres - Fairfield County
Auction begins closing July 13th at 1pm.
Bid online anytime or place your bids in person at the property on July 13th (12pm-1pm)
Property tours June 29th (1pm-2pm) and July 13th (10am-1pm)
You may walk the property anytime at your own risk and convenience.
41.32 acres with monthy income stream offered in 4 tracts! Single-family home, 4 rental units, multiple building sites, barns, fenced pasture, and a nice pond.
Tract 1 is approximately 17 acres of vacant land with a good driveway for access, woods, fenced pasture, and multiple building sites. Due to new lot split (parcel 03-40032-800) annual taxes on this parcel are TBD.
Tract 2 is approximately 20.5 acres and has 3 rental units with an income of $2,550/month, several barns, a fenced pasture, building sites, and a pond. Due to new lot split (parcel 03-40032-800) annual taxes on this parcel are TBD.
Tract 3 is 1.51 acres and has a 3 bedroom, 2 full-bath, 1,056 sqft. Mfg doublewide home with an income of $1,100/month. The home was constructed in 2000. Annual taxes on this parcel (03-40032-830) are $330.
Tract 4 is 2.03 acres and has a 1,614 sqft single family home with 3 bedrooms and 2 full baths along with a partially finished basement and 2 car garage. The home was built in 2004 and is in need of some rehab work. Annual taxes on this parcel (03-40032-820) are $3,525.
Purchasing this property at auction is a very easy process, and lender financing is welcome. Bidding on a real estate auction is no different than making an offer on a listed property. The auction method is just a different way for sellers to procure offers on their property. This auction has an undisclosed reserve price. If the highest bids meet or exceed the reserve price, the property will sell. Tracts 1 and 2 will require a 10% non-refundable deposit from the winning bidder. Tracts 3 and 4 will require a 5% non-refundable deposit from the winning bidder. Acceptance of auction terms is required prior to bidding.
Click Here For Interactive Aerial Map
Address: 715 Zion Rd SE, Lancaster, OH 43130
GPS: Lat: 39.70824 Long: -82.46320
Township: Rushcreek
Schools: Fairfield Union LSD
Zoning: Yes. R-R, Rural Residential District
CAUV: Yes
Phone bidding available. (Call auctioneer to register)
Contact auctioneer Brian Bauer anytime at 614-949-6764 or bbauer@mossyoakproperties.com
The following is a summary of the Terms and Conditions for this online auction for real estate located at and/or identified as Zion Rd SE, Lancaster, OH 43130 (the “Property”) Fairfield County parcels 340032800, 340032820 340032830 being 41.32 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/s will execute the real estate purchase agreement. The real estate purchase agreement, property disclosures, and title search are available for review prior to bidding on the "documents" page of the auction website. 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 July 13th, 2024, at 1 pm; however, bidding will remain open on this property until 3 minutes have passed without receiving a bid. This soft close ensures fairness and allows the highest bidder to win. Auctioneer reserves the right to shorten or extend this time.
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 for tracts 1 and 2 and 5% of the final purchase price on tracts 3 and 4 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 and 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 real estate purchase agreement, property disclosures, and title search have been provided for all Bidders to review on the "documents" page of the auction website.
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.
If Buyer elects to remove property from CAUV, Buyer shall pay all tax recoupments. If property no longer qualifies for CAUV due to property split, Seller shall be responsible to pay any tax recoupments. This shall survive the closing.
Seller shall provide to Buyer/s, at Seller's cost, a new boundary survey for tracts 1 and 2. If tracts 1 and 2 sell to the same buyer, no new survey is necessary.
Tract sizes are approximate for tracts 1 and 2. The Buyer's final purchase price will be determined on a per- acre basis by the final survey for tracts 1 and 2.
Buyers purchase is subject to lease rental agreements on tracts 2 and 3.
Closing shall occur on or before August 12th, 2024, or after county-approved surveys are completed.
The sellers will provide a General Warranty deed to the Property. Northwest Title will be performing closing. (Krista McKee 740-994-4466)
By bidding on any of our auctions, you agree that Bauer Realty & Auctions, LLC has the right to share your name and phone number with the winning bidder/s only. Our bidding process is very transparent, and upon the winning bidder’s request, we may provide our bidder's list to the winning bidder at the auctioneer's discretion.
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.
