Property 9465596
This property was auctioned on: 06/22/2019
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This Property is Off-Market

114ac Tracts 2 & 3 of 3 Tracts in a Life Estate Dispersal Auction

2027 CR 122 Gainesville TX 76240  |  Cooke County, TX
  • 114 acres

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Listing Status: Off Market
Listing Type: Auction
Property Type(s):
Irrigated: No
Residence: No
Property ID: 9465596

Property Description

LIVE AUCTION!!! - Saturday, June 22, 2019 at 11am CDT
LIVING ESTATE DISPERSAL - REAL ESTATE & PERSONAL PROPERTY
Auction will be held, on-site, at 2027 CR 122 in Callisburg, Texas

These are Tracts 2 and 3 (114 acres) of the 3 Tracts selling at Auction. The 128+ Acre Ranch is divided in 3 Tracts, Buy Any Tract, Any Combination of Tracts or Buy the Entire Ranch.

REAL PROPERTY: Selling the 128+ fenced acres of sandy loam soil, divided in 3 separate Tracts. Located just minutes north of Hwy 82, Whitesboro & Gainesville, one hour to Dallas, Fort Worth & DFW Airport and 30 minutes to Windstar Casino.
TRACT 1: 14.2 acres with a 3 bedroom, 2 bath brick home w/2 car garage, formal dining room, study & covered rear patio. Also included is a workshop w/office, cattle pens w/covered shelter & a large stock pond.
TRACT 2: 59.0 acres with a small stock pond, creek and a nice mix of pasture and mature trees
TRACT 3: 55.0 acres with a large stock pond and a nice mix of pasture and mature trees

LIVE AUCTION: The real property will be offered for sale in a live, audible auction, conducted by a licensed Auctioneer on Saturday, June 22, 2019 at 11:00am CDT. The auction will be conducted on-site, at the ranch located 2027 CR 122 in Callisburg, Texas. On-site registration will begin at 9:00am on the day of the auction. The property will sell "AS IS". It is the sole responsibility of a potential Buyer to inspect and research the property prior to the auction.

REAL ESTATE TERMS: A 10% Buyer's Premium will be added to the high bid attained at auction to constitute the total contract price. The 10% Buyer's Premium will be paid the day of the auction when the contract is executed. The balance will be due at Closing, on or before, Wednesday, July 31, 2019 at 5:00pm CDT. Buyer is responsible to attain his or her own financing prior to closing.

FINANCING AVAILABLE: Lone Star Ag Credit will offer Financing under certain conditions. APPROVAL REQUIRED PRIOR TO THE AUCTION!!! Call Craig Hartman for financing information. (940.395.6069)

ONLINE BIDDING FOR REAL ESTATE ONLY: If you are unable to attend the live auction held at ...you can participate in real-time online bidding that will be available through PROXIBID beginning at 10:30am CDT on the day of the auction. Pre-registration with PROXIBID is required.

AGENT INCENTIVE: Real Estate Agents are eligible to receive a 2% commission. Bring your Buyer and co-register the day of the auction. The Real Estate Agent of the successful Buyer will receive a 2% commission of the auction strike price to be paid the day of Closing.

NOTICE: This property WILL NOT be pre-priced and WILL NOT be sold prior to the date of the Auction. Therefore, as a prospective Buyer, you are guaranteed your opportunity to purchase this property on June 22nd.

OPENING BIDS: Tract 1 will have an opening bid of $100,000 and Tracts 2 and 3 will have opening bids of $2500/acre.

REAL ESTATE PREVIEW: The ranch my be viewed by appointment only. Call to schedule an appointment.

PERSONAL PROPERTY: Selling vehicles, shop & farm equipment, tools, furniture, furnishings, artwork & collectibles. Personal Property will sell in a LIVE AUCTION that will not begin before 12:00 Noon or until the Sale of the Real Estate has concluded. Personal Property can be viewed beginning at 9am the day of the Auction, not before that date...NO EXCEPTIONS. The Personal Property WILL NOT be pre-priced or offered for sale prior to the day of the Auction.

PERSONAL PROPERTY TERMS: All purchases must be PAID IN FULL on the day of the Auction. Cash, Cashier's Check or Money Order accepted. Personal or Business Checks are ONLY accepted when accompanied by a "Bank Letter of Guarantee", NO exceptions. NO CREDIT OR DEBIT CARDS!!! 10% Buyer's Premium will apply. (Separate Terms and Conditions for the Personal Property) Personal Property Auction WILL NOT begin before 12:00 Noon

Contact Tony Langdon at 214.876.5950 for additional information

For updated information on Upcoming Auctions you can also follow Tony Langdon on Twitter, Instagram and Linkedin

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