306.886 Acres M/L will sell Regardless of Price in 8 tracts with Online Only bidding ending on 3 separate days. There will NOT be a live on site Auction. All bidding will be done online.
Disbursing the remaining land associated with the Wright Cycle Estates Planned Unit Development (PUD) and adjacent farm land. 13 total parcels in 8 bidding tracts.
Description of each Bidding Lot
Wed. Aug. 25 @ Noon: Bidding Lot 1
111.865 Acres (3 total parcels) with 91 Acres tillable and will be sold as one tract and will be bidding lot # 1. Currently the farm ground is leased for $20,020 per year and the barn is leased for $6,000 per year. See document section for copies of each lease. The tenant will have the right to remove the current crops and the seller will retain all lease payments for the land. Barn rent will be prorated based on the day of closing. The property is bordered on the North by the 35 bypass, the West by the bike path, the South by Wright Cycle Estates and on the East by Beason Rd.. Access to the property is via Beason Rd. This lot is not part of the original Wright Cycle Estates PUD However This land could POSSIBLY be another section of the community. Soil types can be found on the Greene Co. Auditor page. The predominant soil type for this parcel is Ockley. See document section for 3 potential development plans for this lot.32.534 acres of that is zoned R-3 multi-family residential and the 78.027 acres labeled “PUD Residential” did not have a specific site plan filed and the PUD expired, so that ground is essentially unzoned. The remaining 1.314 acres is the ROW easement for SR 42.
(Bidding Lot 1 consists of Parcel M40000100570000100=91.461 Acres, Parcel M40000100460001900=19.09 Acres, Parcel M36000200230002300=1.314 Acres)
Thurs. Aug. 26 @ Noon: Bidding Lot 2
187.084 Acres (4 total parcels) will be sold as one tract and will be bidding Lot # 2. This bidding lot is the remaining undeveloped land associated with Wright Cycle Estates PUD. It has approximately 65 acres of tillable land and approximately 100 acres of trees plus numerous stub streets to the Wright Cycle Community. Annual farm lease produces $14,300. Annual taxes are $4,479. The Little Miami Scenic Trail runs along the entire property on the West edge. The property is bordered on the South by Hedges Rd., to the North by Wright Cycle Estates and to the East by US-42. Many potential uses for this large tract and lots of road frontage on US-42 and Hedges Rd. See document section for Concept Plan of lot layout for this large remaining tract. The winner of this tract will be given the rights to the subdivision website (WrightCycleEstates.com).
(Bidding lot 2 consist of Parcel M40000100600000100=175.808 Acres, Parcel M36000200240000600=10.996 Acres, Parcel M40000100600005100=0.182 Acres, Parcel M40000100600004100=0.098 Acres)
Fri. Aug. 27 @ Noon: Lots 133-138
Bidding Lot 133= 1.3 Acres, Parcel ID# M40000100600001600, Auditor value $35,000, Annual Taxes $597, Frontage of 280' on High Wheel, 255' on the Alley and 240' on future Wright Cycle Place. Sidewalk estimated cost is $7,020 with estimated annual maintenance of common areas of $982.74. All city utilities are to the property. PUD designation is Office and Retail site.
Bidding Lot 134= 1.191 Acres, Parcel ID# M40000100600001700, Auditor value $33,910, Annual Taxes $578, Frontage of 148' on High Wheel, x 295 deep. Sidewalk estimated cost is $4,023 with estimated annual maintenance of common areas of $900.34. All city utilities are to the property. PUD designation is Office and Neighborhood Business site.
Bidding Lot 135= 1.1 Acres, Parcel ID# M40000100600001800, Auditor value $33,000, Annual Taxes $562, Frontage of 230' on High Wheel and 158' on Wright Cycle Blvd. Sidewalk estimated cost is $11,313 with estimated annual maintenance of common areas of $831.55. All city utilities are to the property. PUD designation is Office and Neighborhood Business site.
Bidding Lot 136= 1.957 Acres, Parcel ID# M40000100600001900, Auditor value $134,610, Annual Taxes $2,295, Frontage of 350' on US-42 and 229' on Wright Cycle Blvd. Sidewalk estimated cost is $6,183 with estimated annual maintenance of common areas of $1,479.40. All city utilities are to the property. This parcel has a residential home on it. This property has been leased to Grace Chapel Church for $1 per year and the end of the lease is April 1, 2022. The church has the right to take down the house and move it if they so desire. The decision must be made by May 1, 2022 and they would have 6 montsh to move the house at their expense. See Lease in the document section. PUD designation is Retail Gas and Convenience Store. Lot 136 is serviced with septic and well and the well has failed and the house is being supplied temporarily by the Xenia Grace Church property.
Bidding Lot 137= 1.541 Acres, Parcel ID# M40000100600002000, Auditor value $37,410, Annual Taxes $638, Frontage of 290' on Wright Cycle Blvd and 177' on High Wheel. Zoned commercial PUD, Sidewalk estimated cost is $9,207 with estimated annual maintenance of common areas of $1,164.92. All city utilities are to the property. PUD designation is Restaurant site.
Bidding Lot 138= 0.848 Acres, Parcel ID# M40000100600002100, Auditor value $27,140, Annual Taxes $463, Frontage of 159' on US-42, x 295 deep and 102' on High Wheel. Sidewalk estimated cost is ZERO since the sidewalk is already installed. Estimated annual maintenance of common areas of $641.05. All city utilities are to the property. PUD designation is Office and Neighborhood Business site.
Bidding Lot ALL: All 6 of the above lots will also be offered as a whole. The 6 lots will sell in the combination that produces the highest price.
These 6 lots total 7.937 Acres and will be offered Individually and as a whole. The lots will sell in the combination that produces the highest price. These 6 lots are considered Section 7 of the Wright Cycle Estates PUD. The owners of these lots will be responsible to join the WCE Section Seven Lot Owners Association for the care and maintenance of the common area around the entryway to the subdivision. Annual estimated maintenance costs are $6,000. Each owner will also be responsible to add the required sidewalk on their property ONLY WHEN A BUILDING IS BEING BUILT. See document section for the attached estimate. The buyers of each of these 6 lots will sign an agreement at closing acknowledging the maintenance costs and sidewalk responsibilities.
Information regarding Wright Cycle Estates
Wright Cycle Estates is also the home of Xenia Grace Chapel, a church active in the Xenia community that offers both a daycare center and preschool, and Wright Place, a three story senior independent living center with an outdoor courtyard and screened gazebo sitting on the edge of a mature woods. There are currently six commercial lots available varying in size from .85 acres to 1.96 acres that are designated for a restaurant, gas and convenience store, and office and neighborhood business.
Lot Size: Bidding Lot 1 has 3 parcels and totals 111.865 Acres and will be sold as 1 lot. Bidding Lot 2 has 4 parcels and totals 187.084 Acres and will be sold as 1 lot. Lot 133= 1.3 Acres Lot 134= 1.191 Acres Lot 135= 1.1 Acres Lot 136= 1.957 Acres Lot 137= 1.541 Acres Lot 138= 0.848 Acres These 6 Lots total 7.937 Acres and will be sold Individually.
Annual Taxes: $ 13,718.92
LEAD AUCTIONEERBarry Baker
DIRECTIONS: The address given for the Auction is the house located at 1049 US-42 which is lot # 136 in the Auction. This address is given as a reference for the rest of the parcels that are being sold. In general, the land being sold is located at the South West Intersection of the US-35 Bypass and US-42 on the South side of Xenia. See aerials and descriptions of each individual lot being sold.
Online Only Bidding. All Lots sell REGARDLESS OF PRICE. 10% down payment is due by wire, bank transfer, or direct deposit into our JPmorgan Chase trust account. This amount will become your nonrefundable deposit. Contract signature and deposit must be made by 5 PM the day of Auction. The real estate is sold As Is with no contingencies. All inspections must be done prior to Auction. Close within 30 days. Short tax proration. Buyer pays all closing costs. General warranty deed given at closing with no liens or back taxes. Buyer(s) of the 6 commercial lots will be responsible for installing the sidewalks based on the current PUD agreement.
CAUV Recoupment: Any Current Agricultural Use Valuation recoupment will be the responsibility of the buyer.
Bid increments are $1,000 up to 1 Million then increments become $5,000.
When you place a bid, you can either place the minimum required bid or you may place a "Maximum Bid". If you place a maximum bid and hit the submit button, a box will pop up explaining the process and the software will bid for you in the increments stated above. If someone bids within the final 5 minutes of the Auction, the ending of the Auction will be extended by 5 minutes until all bids have been placed. The Auction ending Friday the 27th with the 6 commercial lots: Bidding for all lots will be extended until all bidding has ended. All 6 lots will end at the same time.
Deposit and Closing:
Closing will take place with Ohio Real Estate Title, Inc. Veronica Brown, (937) 322-7333
No Realtor Co-Op.