Chidester Estate Auction ~ SATURDAY FEBURARY 22ND, 2020 @ 10:00 AM SHARP
60 ACRE FARM WITH MINERAL RIGHTS & TIMBER
Columbiana County ~ Elkrun Twp ~ Beaver Local Schools
Consisting of a 59.5 acre farm with approx. 20 acres tillable. The balance in home site and mature woods. 1900+ feet of frontage along Churchill Road. Improved by a 2-story frame home with kitchen, living room and bath w/laundry on 1st floor. 3 bedrooms on 2nd floor. Full basement with cut stone foundation. 24 x 30 metal pole garage with metal roof. Home is in need of repair and remodeling. Farm is in 2 different well units and currently in production. Timber has not been cut to the family’s knowledge. The farm will be offered in 8 parcels of approx. 14.5 acres each 4 surface parcels and 4 Gas & Oil rights parcels and as a unit selling the method producing the highest bid.
SURFACE PARCELS: Parcel #1-#4: Approx. 14.3 to 15.6 acres each with 300-700 feet frontage, tillable and wooded land.
GAS/OIL RIGHTS PARCELS: Parcel #1A - 4A will be the Gas and Oil rights under laying the above parcels. Active lease on the gas/oil rights to Hilcorp and the farm is currently in production.
NOTE:. The Gas and Oil rights only being offered separately, all other mineral rights will transfer to the surface buyer.
Terms on Real Estate: 10% down day of sale, balance due upon delivery of deed and title guarantee. This property sells without reservation to the highest bidder.