Parcel 1

Richland County 54-Acre Absolute Land Auction

Monday, July 21^st @ 5:30 PM

2 Parcels – Tillable – Wooded – Development Opportunities

Live Auction w/ Online Bidding @ RES.bid

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Auction Location: The auction will be held at The Woods at Possum Run golf course – 1313 South Main Street, Mansfield, OH.

Property Location: The property is located on South Main Street, Mansfield, OH. From downtown Mansfield: Head south on Main Street (OH-13S S) for approximately 1.5 miles. From US-30: Take OH-13 S/Main Street exit toward Mansfield, head south on OH-13/Main Street for approximately 2 miles. Watch for RES Signs.

Real Estate: Selling to the highest bidder this unique 54-acre property, offered in two parcels, combining tillable ground, woods, and incredible potential for development or investment. Located in a growing area just minutes from I-71, this property offers the perfect blend of seclusion, convenience, and opportunity.

With 15 acres of productive tillable land, there's income potential for farming or lease agreements. The combination of woods and open land also makes it a strong candidate for conservation, outdoor recreation opportunities, or country lifestyle.

Located just off Interstate 71, this property offers quick and easy access to major cities like Columbus and Cleveland, making it attractive for commuters, developers, and long-term investors. Utilities are nearby, and the convenient location adds to its value for future residential or mixed-use development.

Parcel 1: 31 acres of a mix of tillable and wooded land, with the majority being wooded.—ideal for outdoor enthusiasts, hunters, or those seeking a private setting for a custom-built home. With frontage on Logan Street, this parcel offers easy access and could be a great fit for a secluded home site, hunting paradise, or future recreational development like a cabin retreat or wooded trails for hiking and ATV riding.

Parcel 2 consists of 23 acres with more tillable ground than woods, providing open, usable land that's perfect for agricultural use, hobby farming, or even a vineyard or orchard. With road frontage on South Main Street and panoramic views overlooking the nearby golf course, this parcel offers a beautiful setting for an estate home, a small residential development, or rental cabins with a scenic backdrop.

Whether you're looking to build your dream home with acreage, invest in land with growth potential, or divide and develop over time, this property delivers flexibility and promise. Endless possibilities await—from luxury home sites and mini farms to hunting retreats, commercial ventures, or land banking.

Don't miss your chance to secure this versatile and well-located piece of land with outstanding potential. Properties with this kind of location, layout, and opportunity don’t come around often!

Pick up a brochure and walk the land at your leisure. Private showings available through Brandon Doty, 330-749-4685.

Taxes/Legal: Richland County parcel number 05893220006000 is located in Mansfield Township and Madison Local School District. The current annual taxes based on CAUV are $1,377.34 and will be prorated to the date of closing.

Terms: The successful purchaser(s) will be required a non-refundable down payment of 10% of the purchase price at the auction with the balance due at closing. A 10% buyer’s premium will be added to the final bid to determine the purchase price. Any desired inspections need to be completed prior to bidding.

Andy White, Auctioneer – Brandon Doty, Listing Agent – Drew Turner – Seth Andrews, Broker

TERMS AND CONDITIONS

     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.

2. 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.
3. The bidding will be by the acre. Your bid price X the amount of acres rounded to the nearest 10^th.
4. 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.
5. Sellers will provide a marketable deed and convey the property as per terms of the Real Estate Purchase Agreement.
6. Property Sells “AS IS”
7. Property sells subject to articles in the present Deed, Title, and any articles or notices of public record.
8. Buyer will pay CAUV tax recoupment if any, due and payable after deed conveyance.
9. 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.
10. 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.
11. Acreage and frontage amounts, including lot markers, are approximate and subject to final survey. (If required)
12. 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.
13. 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.
14. 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.
15. Property sells subject to any announcements made the day of sale.
16. 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.
17. Once submitted, a bid cannot be retracted.
18. 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.
19. 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.
20. 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.
21. RES has the right to establish all bidding increments.
22. 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.
23. Bidder warrants and represents that they are at least 18 years of age and are fully authorized to bid.

2 Parcels – Tillable – Wooded – Development Opportunities