69 Acres in Wellington, TX - $150,000
ABSOLUTE AUCTION - SATURDAY, JUNE 13, 2009, 12 NOON - Zacharita Lowrie Trust - SOLD $150,000.00
To be sold on site to the highest bidder, regardless of price. No minimums! No reserves!
This real property consists of 69 acres and a 3 Bedroom, 1 Bath brick home with 2 living areas, Central HVAC, carport, basement, cellar, storage building and fenced back yard on city water, just East of the city limits of Wellington, TX on FM 338.
The real property will be auctioned in two separate tracts, one being a 68.43 acre tract and the other being .57 acre tract and Home, and then both tracts will be auctioned together to determine the maximum sales price. Whichever brings the highest sales price to the Trust will determine how the property actually sells.
This property is currently being farmed but may possibly be used as single-family home sites, multi-family home sites or commercial busine...
This property is currently being farmed but may possibly be used as single-family home sites, multi-family home sites or commercial business site(s) due to the proximity to town. The farmland has been leased for the 2009 crops. The Farm Service Agency records show Upland Cotton Base Acreage is 44.9 acres with a yield of 413 and Peanut Base Acreage is 22.1 acres with yield of 1,183. The Buyer of the 68.43 acre tract is to obtain physical possession after harvest of 2009 crops.
Property to be conveyed subject to any rights-of-way, assessments, easements and other covenants, conditions or restrictions of record, and subject to any exceptions in Preliminary Title Commitment and other standard exceptions. No survey to be provided. All oil, gas, and other mineral interests currently owned will convey. You should satisfy yourself as to what amount is owned, as no mineral title opinion will be provided. All wind rights and water rights currently owned will convey. You should satisfy yourself as to what amount of wind rights and water rights are owned. No personal property will be conveyed with the real estate. Potential Buyers are advised to have the either the abstracts covering this property examined by an attorney of your own selection OR you should obtain a policy of title insurance. Seller will not provide the Attorney's Opinion or Title Insurance. This would be at Buyer's expense. Buyer(s) are responsible for their own independent due diligence and should not rely on Seller, Auctioneer or Broker or any of their affiliates, agents, officers, employees or representatives.
Broker commission fees will not be split with other Brokers, Agents or Attorneys. Chad Holland Real Estate represents Seller only. Buyer(s), not Seller, will be responsible for any fees to any Buyer(s) representatives.
EARNEST MONEY: Closing to occur at Collingsworth Abstract Company. A Non-Refundable Earnest Money Security Deposit in the form of a $10,000.00 Cashier's Check payable to Collingsworth Abstract Company, will be required of the successful bidder(s) within 15 minutes of Auction ($10,000 per parcel unless same buyer). Successful Bidder(s) will be required to sign a Sales Contract. Balance of Sales Price will be due at closing within 30 days. Cashier's Check should be in hand when arriving at the Auction. Sale(s) are NOT subject to financing. Financing arrangements should be made prior to the Auction.
Both tracts of real property to be sold “AS IS, WHERE IS, AND WITH ALL FAULTS” specifically and expressly without any warranties, representations or guaranties, either expressed or implied, of any kind, nature or type whatsoever, from or on behalf of Seller, Auctioneer or Broker or their affiliates, agents, officers, employees or representatives.
ANNOUNCEMENTS MADE ON AUCTION DAY SHALL SUPERCEDE AND TAKE PRECEDENCE OVER ALL PRIOR ADVERTISEMENTS, WEBSITE ADVERTISEMENTS, AND ANY WRITTEN OR ORAL STATEMENTS, FROM SELLER, AUCTIONEER OR BROKER, INCLUDING ANY STATEMENTS IN THIS BROCHURE.
