Lorain County Farm Auction - RES Auction Services

Lorain County Farm Auction


Lorain County Farm Auction

148 acres - 2 parcels - Gentlemen's farm - Tillable Acreage

Tuesday Evening, September 28 6:00 PM

39151 State Route 18, Wellington, OH 44090


Real Estate:  Wow, what an amazing opportunity to purchase property in Lorain County. Whether you are looking for a small farm, a large farm or want to to add to your tillable acreage or investment portfolio this could be the one for you.

Parcel 1:  Consists of the house, all of the outbuildings and 12.86 acres.  Located in Penfield Twp, and the Keystone Local School District, this hobby farm includes a 1772 sq ft home.  Some renovations have been done while others will be needed.  There is a whole house generator hooked up to the free gas that goes along with the sale of the property.  The buildings have been well kept and will suit a variety of needs.  The large barn encompasses a little over 4000 sq ft as well as a round roofed barn that covers another 2780 sq ft that was used to house the livestock, but has been more of a social spot or storage area lately.  Need a place for machinery? No problem there is a 50'x70' 3 sided machinery  shed, and a 26x40 shop to service your equipment and complete other projects out of the weather.

Parcel 2:  A farmer's dream: 134.96 acres of tiled, mostly tillable Lorain County dirt.  The access is excellent, the dirt is fertile and with natural waterways is a dream to farm.  If you get tired of the tractor, you can hop out into a deer stand in the 23 acres of woods at the rear of the property.  The Western part of this parcel is Wellington while the eastern 38 acres of it is considered part of Litchfield.

Open House: The home and buildings will be open for inspection on Monday September 20, from  4-6 PM.  Other showings are available by appointment.  Call Seth Andrews 330-466-5471, Steve Andrews 330-465-8498 or your favorite agent.

Terms: We require a non-refundable down payment of 10% of the purchase price at the close of the auction with the balance due in full at closing within 45 days.  A 5% Buyer's Premium will be added to the final bid to arrive at the contract price.  Possession will be given at closing.  The current land tenant reserves the right to harvest this years crop.  The sellers will provide a warranty deed, marketable title, and will offer to split an owners policy of title insurance.  No financing contingencies, property sold as is.  Property offered separately and together and sold the way it brings the most.

Tax/Legal:  Property consists of parcel #'s 1903052000001, 1903053000005,1903053000004.  Current taxes for the entire farm are $5515.44 and will be prorated to the day of closing and also be adjusted should the farm sell in 2 separate pieces.  Current taxes are based on CAUV and should they be removed from that program the buyer is responsible for any recoupments.

Auction By order of : The Bender Family

Auction Conducted by :

Seth and Steve Andrews

330-466-5471   330-465-8498

Seth Andrews, Broker