Schulz Northwestern 173 Acre Farm Auction
Listing ID#: 815332
Sale Location |
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6929 Bates Rd West Salem, OH 44287 |
Sale Dates and Times |
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Saturday Nov 8, 10:00 am to 10:00 am |
Sale Type |
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Company Information |
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RES Auction Services Contact: Andy White Phone: 419-651-2152 Email: white@resauctions.com Website: www.RES.bid EstateSale.com ID#: 7384 View company information and listings |
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Listing Terms and Conditions |
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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. 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. The bidding will be by the acre. Your bid price X the amount of acres rounded to the nearest 10th. 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” 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: 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. 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. Acreage and frontage amounts, including lot markers, are approximate and subject to final survey. (If required) 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. 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. 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 the day of sale. 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. Once submitted, a bid cannot be retracted. 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. 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. 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. RES has the right to establish all bidding increments. 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. Bidder warrants and represents that they are at least 18 years of age and are fully authorized to bid. |
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Listing Information |
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Schulz Northwestern 173 Acre Farm Auction Saturday November 8th @ 10AM Wayne County – 7 Parcels – Tillable – Wooded – Building Lots – Great Location Live Auction w/ Online Bidding @ RES.bid The property is located at 6929 Bates Road, West Salem, OH. Situated north of State Route 302, the property is on the southeast corner of Bates and Matty Roads. Watch for RES signs. The auction will be held at the RES headquarters at 375 Fry Road, Wooster, OH. Real Estate: With nearly a mile of road frontage, this property offers long-term investment securities while also allowing immediate return with rolling tillable land. Approximately 115 acres are currently open and tillable with good surface drainage. The balance of the land is woods and a treed ravine ideal for wildlife habitat, a great pond site, and the old homesite which outside of a 40’x50’ machinery shed has been cleared giving way to a fresh canvas. Parcel 1: 30.1 acres of Gentleman’s Farm utopia, featuring tillable fields, open pasture, and a touch of woods offering a beautiful and functional rural setting. With frontage on both Matty Road and Bates Road, this property provides excellent access and multiple potential building sites. A 40x50 outbuilding is already on-site, ideal for equipment storage or livestock. Whether you're looking to build your dream home, start a hobby farm, or invest in land, this versatile parcel offers endless possibilities. Peaceful and scenic, yet conveniently located, it’s the perfect blend of countryside charm and practical value. Additionally, the property includes free natural gas from an on-site well, providing both convenience and cost savings. Parcel 2: 7.1-acre building lot with mostly open land and a small section of woods at the back for added privacy. Ideal for a home, hobby farm, or retreat in a peaceful country setting. A great mix of usable space and natural charm. Parcel 3: 5.6-acres if mostly open land with a wooded section at the back, offering a scenic and private setting. This is an excellent building lot with plenty of space for a home, outbuildings, or a small farm. It can also be combined with neighboring parcels 2 or 4 for additional acreage and flexibility. A great opportunity to enjoy peaceful country living with just the right mix of open space and natural beauty. Parcel 4: 5.1-acre parcel featuring a balanced mix of open ground and mature woods, offering both space to build and natural privacy. This lot is ideal for a home site, with added potential for hunting or recreational use in the wooded portion. A great opportunity for country living with flexibility, nature, and room to grow. Parcel 5: 10.1-acre parcel that is nearly all wooded, offering excellent potential for recreational use, hunting, or a peaceful escape in nature. The trees provide ideal cover and habitat for wildlife, making it a prime spot for outdoor enthusiasts. This property is perfect for those seeking privacy, seclusion, and a strong hunting setup. Combine with Parcel 6 to expand your hunting ground and enhance the overall outdoor experience. A rare opportunity to own a beautiful stretch of woods with endless possibilities. Parcel 6: 23.8-acre parcel that is fully wooded, offering excellent opportunity for hunting, recreation, or a private retreat in nature. The wooded landscape provides great habitat for wildlife and plenty of natural cover for outdoor activities. Whether you're looking for a secluded getaway or dedicated hunting land, this property delivers. A true outdoorsman’s paradise with unmatched privacy and natural beauty. Parcel 7: 90.2 acres of mostly open, high-quality tillable land, ideal for expanding your farming operation or diversifying your investment portfolio. With excellent surface drainage and a history of productive use, this parcel offers strong agricultural potential for row crops, hay, or specialty farming. A small patch of woods adds natural character and shelter to the landscape. Whether you're a seasoned farmer or a land investor, this property presents a rare opportunity to acquire a large, mostly tillable tract with long-term value. A solid addition to any farming or investment strategy. The property will be offered in seven individual parcels, as well as in combinations of Parcels 1, 2, 3, 4, and 7, and as a whole giving you the flexibility to purchase exactly what fits your needs. Pick up a flyer and walk the land at your leisure. Private showings are available through John Ertl, 330-347-4380 or Andy White, 419-651-2152. Taxes: Wayne county parcel 10-00871.000, Chester Township, Northwestern Local Schools. Current annual taxes based on CAUV are $3,340.52 and will be prorated to the day of closing. Terms: The successful purchaser will be required to make a nonrefundable down payment of 10% of the purchase price at the conclusion of the auction with the balance due in full at closing. A 5% buyer’s premium will be added to the final bid to determine the purchase price. A $500 per parcel survey fee and any soil tests/ septic plot plans required by Wayne County will be a buyer’s expense. All desired inspections need to be completed prior to bidding. Visit RES.bid for additional details.
Andy White - Jake White - Drew Turner - Seth Andrews, Broker |
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