1988 Ranch Home on 127 Acres in Frankfort, Ohio, Heads to Auction

Ohio Farm Auction Offers 127.42 Acres, Ranch Home, and Multiple Farm Buildings

A 127.42-acre property in Frankfort, Ohio, is being offered through the Edgington Trust Farm Auction, with three separate tracts providing options for buyers interested in residential property, agriculture, equipment storage, or recreational land. The auction lists a total minimum bid of $150,000 for the property, which includes a 1988 ranch-style home, tillable creek-bottom ground, wooded areas, and several additional buildings.

The main residence sits on approximately 10 acres, while the remaining land is divided into two larger tracts with different features and potential uses. The property combines a traditional country home with agricultural acreage and existing structures, making it worth examining for buyers whose plans extend beyond residential living.

The auction is scheduled for Thursday, October 8, at 11 a.m. Prospective bidders should confirm the auction year, registration requirements, bidding procedures, and terms directly with the auction organizer.

Property Details and Auction Structure

The full property covers 127.42 acres in Ross County, Ohio, and is being offered in three tracts. According to the supplied information, the total minimum bid is $150,000.

The property includes:

  • A 1988 ranch-style home with two bedrooms and two bathrooms.
  • Approximately 1,664 square feet of living space.
  • Roughly 10 acres surrounding the main residence.
  • An attached three-car garage and a detached one-car garage.
  • Approximately 60 acres of tillable creek-bottom land.
  • Around 55 acres associated with a former gravel business, including equipment and shop buildings.
  • Wooded areas that may interest buyers seeking recreational or hunting land.

The three-tract format allows interested buyers to evaluate individual sections or potential combinations, subject to the auction’s actual bidding rules. Buyers should review the official auction terms to determine how the minimum bid applies and whether there are additional fees or conditions.

The 1988 Ranch Home on Tract 1

The main residence is located on Tract 1, which includes approximately 10 acres. Built in 1988, the ranch-style house offers about 1,664 square feet of living space, with two bedrooms and two bathrooms on the main level.

The one-story layout includes a living room, dining room, and kitchen. This arrangement may appeal to buyers who prefer having the principal living spaces on one floor rather than navigating stairs throughout the day.

An attached three-car garage provides direct vehicle access, while a separate one-car garage offers additional parking or potential storage space. The partially finished basement contains a large recreation area, providing extra room for hobbies, gatherings, or other household activities.

The listing describes the flooring as other material throughout but does not specify the exact types. Buyers should inspect the home’s interior and major systems to establish its current condition and identify any repairs that may be necessary.

For someone seeking a rural residence with additional acreage, Tract 1 could provide a home base while keeping the larger agricultural and recreational sections separate.

Tract 2: Approximately 60 Acres of Tillable Ground

Tract 2 contains approximately 60 acres of tillable creek-bottom land. This portion of the property may attract buyers interested in crop production or expanding an existing farming operation.

Tillable acreage can be an important consideration when evaluating a farm, but the land’s productivity depends on factors such as soil quality, drainage, field access, and previous agricultural use. Prospective buyers should review available soil information and determine how much of the tract is currently suitable for cultivation.

The creek-bottom location is another feature worth investigating. Buyers should check drainage patterns, flood-zone information, access conditions, and any applicable restrictions before making assumptions about how the ground can be used.

For someone already involved in agriculture, the tract may offer an opportunity to acquire additional crop ground without purchasing the residence or all the other acreage. The final decision will depend on the auction terms, land characteristics, and intended use.

Tract 3: Approximately 55 Acres With Existing Buildings

Tract 3 includes around 55 acres associated with a former gravel business. Several existing structures are reported on this section, including a three-sided equipment building, a shop building with lean-to storage, and a grain bin.

These structures could be useful for storing machinery, tools, supplies, or other equipment, depending on their condition and suitability. Buyers interested in agricultural or commercial-related uses should inspect the buildings and confirm their dimensions, structural condition, and permitted uses.

The property’s history as a gravel-business site also makes due diligence important. Interested buyers may want to investigate the site’s prior use, access arrangements, and any environmental or regulatory considerations relevant to their plans.

The presence of existing buildings may reduce the need to construct new storage facilities, but their actual usefulness will depend on maintenance needs and the buyer’s intended operations.

Wooded Areas and Recreational Potential

In addition to the tillable land and developed portions of the property, wooded areas provide another possible use for the acreage. Buyers interested in hunting or outdoor recreation may want to examine the location and extent of the wooded sections.

The mixture of open ground, trees, and existing structures gives the property a range of characteristics rather than a single uniform land use. Depending on the boundaries of each tract, a buyer could focus on farming, recreational activities, equipment storage, or a combination of these purposes.

The property reportedly has road frontage on three sides, which may help with access to its different sections. However, buyers should verify the exact frontage, legal access, easements, and entry points for each tract before bidding.

Location and Rural Lifestyle

Located in Frankfort, in Ross County, Ohio, the property offers a rural setting where residential living can be combined with agricultural work or outdoor recreation.

The ranch home on Tract 1 provides a potential base for someone managing the surrounding land. Meanwhile, Tracts 2 and 3 offer different features for buyers whose primary interests lie in crop production, equipment storage, or other land-based activities.

The property’s three-tract arrangement may be especially relevant to buyers who do not need all 127.42 acres. However, the official auction documentation should be reviewed carefully to understand how individual tracts and combinations will be offered.

Buyers should also consider the ongoing costs of maintaining a home, managing agricultural acreage, insuring outbuildings, and keeping access routes usable. These expenses can vary considerably depending on the condition of the structures and the intended use of the land.

What Buyers Should Review Before the Auction

Because this property is being sold through an auction, prospective buyers should conduct their due diligence before bidding. Important considerations include the condition of the ranch home, the status of the garages and other buildings, the quality of the tillable ground, and the legal boundaries of each tract.

The auction documents should clarify the minimum-bid requirements, payment deadlines, closing costs, buyer premiums, and any contingencies or restrictions. Buyers should also verify whether the property is being offered individually by tract, as a combined package, or through another bidding arrangement.

For Tract 2, soil quality, drainage, and agricultural history may affect its value. For Tract 3, the condition of the equipment building, shop, lean-to storage, and grain bin should be examined. The former gravel-business use may warrant additional investigation based on the buyer’s intended plans.

The home and its associated acreage should also be inspected to help estimate maintenance and repair costs. A careful review can make it easier to compare the potential benefits of the property with the total investment required.

Final Thoughts

The Edgington Trust Farm Auction presents 127.42 acres in Frankfort, Ohio, divided into three tracts with different characteristics. The property includes a 1988 ranch home with two bedrooms and two bathrooms, approximately 60 acres of tillable creek-bottom land, and another section with existing equipment and shop buildings.

With wooded areas, multiple garages, and road frontage on three sides, the property may appeal to buyers seeking a combination of residential, agricultural, storage, or recreational opportunities. The total minimum bid is listed at $150,000, although the final purchase price will depend on the auction process and applicable terms.

For interested buyers, the key is to evaluate each tract separately, inspect the existing structures, and understand the auction conditions before making a commitment. The combination of a home, crop ground, and additional acreage offers several possibilities, but the property’s suitability will ultimately depend on the buyer’s goals and due diligence.

If you’re interested in learning more about this property, please contact the listing agent through the Zillow link provided below the original property photos.

Listed on Zillow.

Related Articles

Back to top button