Holmes County Absolute Land Auction
Holmes County Absolute Land Auction
Tuesday, September 10th @ 5:30PM
One of the Best Kept Secrets Minutes from Millersburg
142 Acres – Woods – Timber – Oil & Gas Income
Live Auction w/ Online Bidding @ RES.bid
CLICK HERE TO RECEIVE UPDATES ABOUT THIS PROPERTY
Property Location: 5525 County Road 349, Millersburg, OH. Take State Route 39, West of Millersburg, to County Road 349. Watch for RES signs.
Auction Location: Holmes County Fairgrounds - Harvest Ridge Event Center: 8880 OH-39, Millersburg.
REAL ESTATE: Discover 142 acres of secluded woods, perfect for the avid outdoorsman, featuring harvestable timber, growing timber, recreational acreage, and oil and gas income. This property, previously landlocked, now boasts frontage access on CR 349, with a newly installed culvert for driveway access to 5525 CR 349, ensuring easy entry to your private retreat.
The land holds immense potential as a prime hunting ground with some effort in grooming existing trails and clearing areas for food plots. The woods are part of a larger, secluded wooded expanse located just west of Millersburg, providing a serene and private setting. Additionally, there is a 20 x 30 salvage structure with a stone basement on the property, offering potential for storage or a rustic cabin.
Leased for oil and gas, the property has a lease held by production. It currently hosts five wells—four of which are producing, with one out of production. Detailed information on the wells is available on the RES.bid website, with access to the wells across neighboring lands.
This land is under CAUV, having been selectively timbered over the years, and boasts both mature and growing timber. A power line crosses the southeastern portion of the property, adding to its utility and potential for development. Whether you're looking for a recreational haven, a hunting paradise, or an investment opportunity, this property offers a wealth of possibilities.
Open House: Pick up a brochure and walk the land at your leisure. Private showings available through Jon Mast, 330-763-3883.
Tax and Legal: Currently Parcel # 06-009220-001 (137.665 acres) and parcel # 06-01106-001(5 acres), Holmes County, Hardy Twp. Taxes are $1,652.06 plus new 5 ac assessment to be determined annually.
Terms: We require a non-refundable down payment at the close of the auction of 10% of the purchase price with the balance to be paid in full at closing within 30–45 days. There are no financing contingencies. Any desired inspections must be completed before the auction. There is a 10% Buyer’s Premium in effect for this real estate auction. 10% of the highest bid will be calculated and added to the high bid to determine the contracted selling price. The buyer will be given immediate possession at closing. Hunting rights will be given to the new buyer with the down payment on auction day.
Auction By Order Of
The Young Family
Andy White - Jon Mast, Auction Manager, 330-763-3883 – Seth Andrews, Broker
1. Any person who registers or bids at this auction (the “Bidder”) agrees to be bound by these Terms and Conditions and any auction announcements. A bid placed by Bidder will be deemed conclusive proof that Bidder has read, understands, and agrees to be bound by these Terms and Conditions.
- There will be a 10% Buyer’s Premium added to the final bid, which is your final purchase price and the price that is recorded at the county auditor’s website.
- The bidding will be by the acre. Your bid price X the amount of acres rounded to the nearest 10th.
- Any desired inspections must be completed prior to bidding. This purchase agreement is not contingent upon the satisfactory state of any inspections required after the date of the auction.
- Sellers will provide a marketable deed and convey the property as per terms of the Real Estate Purchase Agreement.
- Property Sells “AS IS”
- Property sells subject to articles in the present Deed, Title, and any articles or notices of public record.
- Buyer will pay CAUV tax recoupment if any, due and payable after deed conveyance.
- Seller, through Seller’s title agency, shall provide to Buyer: Warranty Title, The Escrow Agent shall be chosen by the Seller, however, if required as a condition of the load, the Escrow Agent shall be chosen by Buyer’s Lender.
- Seller shall pay for the cost of the title search, deed preparation and county conveyance fees. Seller and Buyer shall each pay one-half of the Escrow Agent’s standard closing fee. If an owner’s policy of title insurance is selected, the buyer and seller will split the owner’s title insurance 50/50, including, without limitation, the additional cost of the premium for insurance of an owner’s policy, the cost of a loan policy, title endorsements, location survey, or other items required by Buyer, or Buyer’s lender. Buyer shall pay for all recording fees. RES advocates the use of title insurance in all real estate transactions.
- Acreage and frontage amounts, including lot markers, are approximate and subject to final survey. (If required)
- RES requires a nonrefundable down payment (earnest money) of 10% of the purchase price at the time of purchase. The sale is not subject to any contingencies for financing.
- Earnest Money Deposit is NONREFUNDABLE; the contract contains no provisions for contingency on financing. In bidding, you are asserting you have the fundings to close. In the event Buyer does not close in compliance with the terms of this purchase agreement, all earnest money shall be forfeited and paid to the Seller as liquidation damage.
- Buyer agrees to indemnify and save harmless RES, its employees, and agents, from any liability stemming from any incorrect information given or any material information Seller fails to disclose whether or not known by the Seller at the time of the execution of the purchase agreement.
- Property sells subject to any announcements made the day of sale.
- It is the sole responsibility of Bidder to monitor RES’s website with respect to any updates or information regarding any Real Estate on which Bidder is bidding. Bidder acknowledges that information regarding the Real Estate may be updated or changed on RES’s website at any time prior to the conclusion of bidding and that Bidder has timely reviewed the Real Estate information or assumes the risk of not having done so.
- Once submitted, a bid cannot be retracted.
- The Bidder uses the online bidding platform at their own risk. RES is not responsible for errors or omissions in bid submissions or acceptance. RES does not guarantee the platform’s uninterrupted function, availability, or compatibility with the Bidder’s hardware or software. RES is not liable for any damages resulting from its use or attempted use, including failures, interruptions, or delays.
- In the event that Bidder is the successful bidder, Bidder must immediately execute the Contract for Purchase and Sale and tender a nonrefundable earnest money deposit in the form of cash, check, or immediately available, certified funds and in the amount set forth by RES, by 1:00 p.m. (EST) on the business day following the auction. The balance of the purchase price will be due at closing on the specified closing date. The Real Estate must close within 45 days of the date of the auction, or as otherwise agreed to by Seller and Bidder.
- Bidder acknowledges the closing may be delated for reasons beyond the control of Seller, Buyer, or Broker. Delays caused by survey, title issues, county agency approvals, lender processes shall automatically extend the closing date. Bidder agrees to cooperate in good faith to proceed to closing by the closing date or as soon after as practicable.
- RES has the right to establish all bidding increments.
- RES may, in its sole discretion, reject, disqualify, or refuse any bid believed to be fraudulent, illegitimate, not in good faith, made by someone who is not competent, or made in violation of these Terms and Conditions or applicable law.
- Bidder warrants and represents that they are at least 18 years of age and are fully authorized to bid.
