LIVE AUCTION...SATURDAY, MARCH 3, 2018 AT 11:00AM CDT
DIAMOND D RANCH DISPERSAL - LONE OAK, TEXAS Retirement Auction of Real Estate and Personal Property
Live Auction Held, on-site, at 4509 Diamond D Road in Live Oak, Texas...184.4 acre ranch with Texas LICENSED training track. Sells divided in 6 separate tracts. Buy any Tract or Buy the Entire 184.4 acre Ranch.
TRACT 1: 30.8 acres with 2 custom homes (2400', 3 bedrooms, 2.5 baths, 2 car garage) and manager's home (2200' 3 bedroom, 2 bath, 2 car garage), Barn A - 32 stall barn with enclosed round pen, office and apartment, Barn B - 36 stall barn with enclosed round pen, office and apartment, Barn C - 16 stall barn with apartment, maintenence building with tractor shed and car wash, hot walkers, 6 turnouts with loafing sheds, large pasture with oversized loafing shed with feed room and extended feeder, stock pond and pipe fencing.
TRACT 2: 19.2 acres of coastal pasture that has an oversized loafing shed with feed room and extended feeder, 1.25 acre stock pond and pipe fencing.
TRACT 3: 10.6 acres of coastal pasture, pipe fencing with a 10 unit apartment complex with a recreation room
TRACT 4: 49.2 acres with 5 furlong race track (one of only two privately owned LICENSED training facilities in the State of Texas) along with race track equipment building, 2 oversized loafing sheds with feed rooms and extended feeders, one half acre stock pond and one quarter acre stock pond.
TRACT 5: 48.6 acres with 2 large coastal pastures, one oversized loafing shed with feed room and extended feeder, 10 turnouts with loafing sheds, 4 small stock ponds and a 60'x120' equipment building with concrete floor.
TRACT 6: 26 acres of coastal pasture with 2 stock ponds and 2 oversized loafing sheds with feed rooms and extended feeders.
REAL PROPERTY: Diamond D Ranch is 184.4 acres featuring a 5 furlong TEXAS LICENSED training track with 3 homes, 3 barns, 10 unit apartment complex, maintenence building with car wash, 60'x120' equipment building, race track equipment shed, 3 efficiency apartments, outdoor round pen, 16 turnouts with loafing sheds, 7 oversized loafing sheds and pipe fencing. There's over one mile of road frontage on FM1567 (3040 feet) and CR3225 (2660 feet). Located 80 miles from Lone Star Park (Grand Prairie TX), less than 250 from Sam Houston Race Park (Houston TX), Remingtion Park (OKC), Oaklawn Park (Hot Springs AR) and less than 350 miles to Retama Park (San Antonio TX) and Delta Downs (Lake Charles LA).
LIVE AUCTION: The property will be offered for sale in a live, audible auction, conducted by a licensed Auctioneer on Saturday, March 3, 2018 at 11:00am CDT. The auction will be conducted on-site, at 4509 Diamond D Road in Lone Oak, 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, Friday, April 20, 2018 at 5:00pm CDT. Buyer is responsible to attain his or her own financing prior to closing.
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) NO ONLINE BIDDING AVAILABLE FOR PERSONAL PROPERTY.
ONLINE BIDDING FOR REAL ESTATE ONLY: If you are unable to attend the live auction held at Diamond D Ranch...you can participate in real-time online bidding that will be available through PROXIBID beginning at 10:30amm CDT on the day of the auction. Pre-registration with PROXIBID is required. Go to PROXIBID or call for details
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 March 3rd.
OPENING BIDS: $250,000 on Tract 1, $100,000 on Tracts 4 & 5 and $2500/acre on Tracts 2, 3 and 6.
REAL ESTATE PREVIEW: Real Estate my be viewed by appointment only. Call to schedule an appointment.
PERSONAL PROPERTY PHOTOS: They will be listed in a separate ad on Facebook on February 8th.
Contact Tony Langdon at 214.876.5950 for additional information