Zampini Farm Auction

Item Description

Farm Auction Apx. 74 Acres - Lake County Farm Minimum Bid $111,000 As ordered by the Court of Common Pleas, Lake County, Ohio; Case #09CF000592; the following real estate will be Sold on the Premises. Saturday, March 5th, 2011 10:00 AM Located: This property is in Madison Twp., Lake County, Madison, Ohio, from the Rt. 528 North and Middle Ridge Road intersection, go apx 2 miles on Middle Ridge Road, property lays on the right and address has been assigned and lays between 5741 & 5725 Middle Ridge Road and between 5725 & 5683 Middle Ridge Road, Madison, Ohio. Signs Posted. Lake County Auditor’s Parcel#01A0060000250 describes this parcel as 1.422 legal acres total value $54,270.00 Auditor’s Report with block & frame older dairy barn built apx. 1950, apx. 31 x 56, lean to 24 x 22. Lake County Auditor’s Parcel #01A0060000010 indicates 72.803 acres; Auditor’s total Value $509,150.00. These two parcels will be sold as a whole and lays level to rolling w/wood lot. Property was previously utilized as a nursery. On our viewing of the property, we saw wild turkey! Here’s a really nice looking property, very close to town. Property may be walked any daylight hour. Terms on Real Estate: $111,000 Minimum Bid; Sold pursuant to court order and approval. $10,000.00 down by Cash or Cashiers check at time of sale. The Auctioneer is authorized to require the successful bidder to make a deposit of $10,000.00 by cash or cashier’s check, at the time the highest bid is accepted. The balance of the purchase price shall be paid by cash, cashier’s check, certified funds and/or wire transfer within 30 days of the date of sale and, if not paid by that date, the deposit shall be forfeited to the Plaintiff, Huntington National Bank. Upon completion of the sale of the Premises, the Auctioneer shall prepare and submit to the Court a Report of Sale. Subject to the Court’s approval, the Court will thereafter enter an order confirming the sale & ordering the distribution of the sale proceeds, which distribution shall provide for the payment of all costs and authorizes and further direct the Sheriff to issue and deliver a deed to the successful purchaser of the Premises. Property Sold AS-IS, Caveat Emptor; no buyers contingencies exist.