Second Sale Date:
Monday, August 12th @ 7:00 PM
More Information
This Delaware County farm property is made up of four separate parcels. The property will be offered in individual tracts or in any combination and sell in the manor that nets the highest sale price. The entire property has been appraised for $1,742,000 and the aggregate bids for all parcels must be at a minimum of $1,161,334.00. Buy one parcel or buy it all.
Parcel # 1
The legal description describes this as a 67 acre parcel. This is the southern most parcel in this sale. The parcel has improvements including silos and an outbuilding. According the auditors map, part of this parcel lays across Prospect Dublin Rd. and has river frontage. Annual taxes for this parcel are $2,090.00.
Parcel # 2
This property has 86.83 acres, mostly tillable. Improvements include a large barn and a small out building. This parcel has frontage that extends on both sides of parcel 3, described below. Annual taxes for this parcel are $2,720.00.
Parcel # 3
Consisting of 41.118 acres, (40.377 acres in Delaware County and 0.741acres in Marion County), mostly tillable. All of the road frontage is at the north end of this parcel. Annual taxes for this parcel are $1,264.00
Parcel # 4
This 1.67 acre parcel includes a 1736 square foot home that was built in 1978. The home has 3 bedrooms, 2 1/2 bathrooms and a full basement according to public records. There are no interior viewings of the house. Do Not Trespass. Annual taxes for this parcel are $2,715.00
Lot Size: 196.618 (+or-) acres
Annual Taxes: $8,789.00
Plaintiff
The Richwood Banking Company
Defendant Name
Philip Cunningham et al
Attorney
Julie Spain
Viewing Dates
No interior viewings. Please do not trespass.
Property Map
Basic Terms:
*This is a Foreclosure Auction ordered by the Delaware County Common Pleas Court. The foreclosure process clears all liens and encumbrances on the subject property.
*The property sells with a minimum aggregate bid for all four parcels of $1,161,334.00. The property will be offered in four individual parcels and in any combination. The property will sell in a manor that nets the highest total sale price.
*The required deposit is 10% of total purchase price for each parcel purchased. *Deposit will be required by check or cash immediately at the conclusion of the auction. *The real estate is sold As-Is with no contingencies. All inspections (if available) must be done prior to Auction.
*Close within 30 days of court confirmation. *No contract is signed after the auction. A one-page buyer information form is the only document that is required by the court. See http://www.ohiosheriffsales.com/download_forms for the form.
*A 10% buyer's premium will be added to the high bid to obtain the final selling price. *Provisional Auction Date: In the event the minimum bid is not achieved on the first auction date, a second auction will take place on August 12, 2019 @ 7:00 P.M., subject to no minimum bid. *Buyer pays all closing costs.
*Private Selling Officer deed given at closing with no liens or back taxes. *The purchaser shall be responsible for those costs, allowances, and taxes that the proceeds of the sale are insufficient to cover. (This would typically only be in effect for a property that sells for less than the amount of taxes that are owed.) *Default: Be aware, if you are unable to close within 30 days of court confirmation, your deposit is non-refundable, and you could be liable for other costs and possibly be found in contempt of court.