Lucas County Online Only Land Auction
17 Acres – Tillable – Commercial Possibilities | Bidding will end Thursday, February 29th @ 5PM | More Information Coming Soon
Lucas County Online Only Land Auction
Bidding will end Thursday, February 29th @ 5PM EST
16.5 Acres – Tillable – Commercial Possibilities
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Bidding available @ RES.bid
The property is located at 5415 & 5463 Telegraph Road, Toledo.
Tract 1 Description:
This tract includes 2 parcels with approximately 16.51 acres. It includes over 370 ft of frontage on Telegraph Rd. Combination of Tillable and Commercial ground.
Details:
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Deeded Acres: |
16.5+/- |
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FSA Farmland Acres: |
13.57+/- acres |
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Soil Types: |
Lenawee series |
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CRP Acres/Payment: |
No CRP |
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Taxes: |
1580.75 |
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Lease Status: |
Yr/Yr |
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Possession: |
At Closing |
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Survey needed?: |
No |
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Brief Legal: |
7 9 11 NE ¼ S 673.46ft PT E of 889.88 FT on S Line EXC S 320ft & EXC TRI 126ft FRT N & A DJ S 320ft EXC PT in RD |
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Lat/Lon: |
41.7159 / -83.5502 |
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Zip Code: |
43612 |
Pick up a brochure and walk the land at your leisure. Private showings available through Michael Thompson 419-575-4429.
Terms: The successful purchaser(s) will be required to pay a non-refundable 10% down payment due at the auction with the balance due at closing within 45 days. A 10 % buyer’s premium will be added to the final bid to determine the purchase price. Any desired inspections need to be made prior to the auction.
Andy White, Auctioneer – Michael Thompson, Listing Agent 419-575-4429 – Jeremy Schaefer, Broker
By bidding I agree to all terms and conditions of this auction including, but not limited to:
- A 10% Buyer’s Premium applies to all purchases
- 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”. Any desired inspections need to be made prior to the auction.
- 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: Fiduciary 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. The buyer and seller will split the owner’s title insurance 50/50, including, without limitation, the additional cost of the premium for usance 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. Real Estate Showcase 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 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 even Buyer does not close in compliance wit 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 day of sale.
