Home for sale: Residence of Dr. DeBow Freed, former ONU president, located at 205 West Lima Ave.
The following announcement has been made regarding the opportunity for prospective bidders to view the home at 205 W. Lima Ave. beginning September 7.
The undersigned Trustee of the DeBow Freed Trust will offer for private sale the residence of Dr. DeBow Freed, former president of Ohio Northern University, located at 205 West Lima Avenue, Ada, Ohio 45810.
This is a modern home containing 15 rooms, including a library, a study, three (3) bedrooms, and three (3) full baths with a finished basement set on 1.794 acres of beautiful lawn.
The terms of sale are as follows: The home will be open for inspection on Wednesday, September 7, 2022, from 1:00 p.m. to 5:00 p.m. A private sale of the residence will be closed on or before October 22, 2022. All interested buyers are invited to submit their sealed, written bids to the Trustee no later than 2:00 p.m. September 15, 2022, to Charles P. VanDyne, at the Freed residence at 205 West Lima Ave, Ada, Ohio 45810. The sealed bids will be opened in the presence of two witnesses on September 15, 2022 at 2:00 p.m. at the residence, 205 West Lima Avenue, Ada, Ohio. When the bids are opened, the high bid will be announced. All bidders present in person or through a representative with proper legal authority will be permitted to increase their bids if they so desire. When bidding has been completed, the high bid will be announced. The Trustee will then decide whether he will accept the highest bid. The Trustee retains the right to accept or reject any and all bids received, including the high bid received. If the high bid is accepted, such person(s) must make a payment of $25,000.00 by 5:00 p.m. the following business day at the above office of Attorney Charles P. VanDyne as an earnest money deposit with the remaining purchase price being fully due and payable at closing. The closing will take place at a place and time no later than October 22, 2022, as mutually agreed upon by Attorney Charles P. VanDyne and the accepted bidder. If the accepted bidder fails to timely make the earnest money deposit, or to close timely, the Trustee retains the right to accept the next highest bid offer without notice and to close upon the same terms.
The property will be sold “as is.” Clear title will be transferred to purchaser by fiduciary deed with fiduciary covenants. The Trustee will provide no title insurance at closing but a buyer’s policy of title insurance may be purchased by purchaser from a title insurance agent of their choosing.
Anyone desiring more information may call Charles P. VanDyne, Trustee, at 419-634-5791. Any announcements made at the time of sale will take precedence over any information contained herein.
Stories Posted This Week
Friday, June 6, 2025
- Logan Jolliff places 11th in OHSAA D3 preliminaries
- Canadian wildfire smoke could impact NW Ohio
- Save the Date: July 12 Park in the Park
- Ada Board of Education to hold special executive session on June 11
- Park board hears plans for concessions stand
- May 2025 land transfers in the Ada School District
Thursday, June 5, 2025
- Can you name the location of Pat's News Stand?
- June 9 ice cream social at Ada FUMC
- Land of Confusion: Is cannabis weed-ing out your ability to think clearly?
- Blacksmithing demonstrations on June 14 at Schumacher Homestead
- Content creators wanted for Ada Icon
- Crime Victim Services hosts Anti-Violence Teen Summer Retreat
- ACE Day coordinators seek projects for August 23
Wednesday, June 4, 2025
Tuesday, June 3, 2025
- Dwight Thomas Friesner served in the U.S. Army
- BlufftonIcon.com headlines for June 3
- Congratulations to Officer Michael Bollinger
- Chance R. Watkins worked at PlastiPak Packaging
- Public meetings scheduled for Ada committees, commissions
- Aggregation letters sent to Ada residents not enrolled in electricity programs
- Upcoming APL events, June 2-7
- Sign of the times