Upcoming Auctions(scroll down to the desired auction)
- Diamond D Ranch Complete Dispersal Lone Oak, TX March 3
SATURDAY, MARCH 3, 2018 AT 11:00AM CDT
Diamond D Ranch Dispersal
4509 Diamond D Road
Lone Oak, Texas
184.4 Acres Divided in 6 Tracts
Buy Any Tract, Any Combination of Tracts or Buy the Entire Ranch!!!
LIVE AUCTION OF REAL ESTATE, PERSONAL PROPERTY & EQUIPMENT
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 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.
LAW: These properties are offered for sale according to the Laws of the State of Texas. Tony Langdon is licensed with the Texas Department of Licensing and Regulation (#10246) and the Texas Real Estate Commission (#488403).
AUCTION: The auctions, open to the public, will be conducted by an Auctioneer with live bidding , on-site at the physical address of each property. Active online bidding will be available through the Auction Network for those that cannot attend. Absentee and telephone bids will also be accepted. The properties are being offered for sale by “Seller Confirmation”, therefore the auction process will not be complete until the Auctioneer announces the property as SOLD.
REGISTRATION:All prospective Buyers in attendance must complete a registration formand receive a bidder number the day of the auction in order to participate as a bidder. Online Bidders for Real Estate must pre-register athttps://www.proxibid.com/asp/signupchoice.aspwith the PROXIBID.COM in order to bid online. Online bidding is not available for personal property.
REAL ESTATE AGENTS: Any Real Estate Broker/Agent actively licensed in the State of Texas who properly pre-registers a successful Buyer will be paid a 2% commission of the auction strike price at closing by the Seller. Broker/Agent pre-registration of a Buyer must be done prior to the start of the auction. Broker/Agent must attend the auction and co-register with the prospective Buyer on auction day.
CONDITIONS: The properties are sold “AS IS, WHERE IS” with all faults, if any. No warranty or guarantee of any kind, either expressed or implied, is made with respect to each property. Buyers acknowledge they have inspected the property and are buying it in its present condition. All announcements made on sale day by the Auctioneer will hold precedence over any previous printed material or any other oral statements.
BIDDING PROCEDURE: The properties will be offered for sale at auction in either a lump sum amount or at a cost per acre. Opening bids for each property will be listed prior to the auction. Minimum acceptable advance in live bidding is $1000 unless otherwise amended by the Auctioneer.
BIDDING DISPUTES: In the event of a dispute between two or more bidders, the Auctioneer at his own discretion may open the bidding again only between the parties in dispute. It is the responsibility of the disputing party to advance the bid with the Auctioneer presiding. If there is no advance in the bidding the property will be sold to the person whom the Auctioneer recognized with the last bid. Tony Langdon Auction Properties or its Auctioneers may decline any bid made by parties who have defaulted in former purchases, or by persons who are deemed not responsible bidders.
TERMS: A Buyer’s Premium will be added to the successful bidder’s high bid. The buyer’s Total Contract Price will be comprised of the high bid achieved at auction plus the buyer’s premium. The Buyer’s Premium will be paidthe day of the auction, serving as your deposit, payable to Tony Langdon Auction Properties in cash or cashier’s check. A personal or company check will be accepted only if accompanied by a bank letter of guarantee. Balance will be due at Closing in 45 days.Buyer is responsible to attain his or her own financing prior to closing. Inability to close on that day will forfeit any and all deposits, earnest money and/or buyer’s premium, as it will be considered earned with no recourse available for recovery.
CLOSING: The Seller will convey a Special Warranty Deed to the Buyer upon payment of the purchase price. On property purchased utilizing Owner Financing a Note and Deed of Trust will be executed between Buyer and Seller at Closing. The Seller will be responsible for the following expenses of conveyance: Attorney’s Fees, Deed Preparation, Survey, Pro-Rated Ad Valorem Taxes and Courier Fees. The Buyer will be responsible for: Title Insurance, Title Search, Recording Fee and Pro-Rated Ad Valorem Taxes. Fidelity National Title, Corinth, Texas (940/365-2200) will conduct the closing.
SURVEY: The auction will be conducted utilizing the preliminary layout that has provided in your sale brochure. The final survey, if necessary, will be surveyed by “metes and bounds” after the conclusion of the auction and prior to the closing. The final survey may have a differential of .25 acres for every 10 acres. No price adjustment will be considered unless acreage differential exceeds .25 acres for every 10 acres. Fence lines are often used as guides to determine the property boundaries for division into tracts; however the final survey may differ slightly from the preliminary and aerial layouts provided in the sales information.
EASEMENTS: The properties are subject to utility easements. All easements will be listed prior to the auction for each property.
UTILITIES/SCHOOLS: All available schools and utilities will be listed prior to the auction for each property.
MINERAL RIGHTS: Any mineral rights, if available, will be listed prior to the auction for each property.
DEED RESTRICTIONS: All deed restrictions will be listed prior to the auction for each property.
TAXES: County and State of Texas taxes are current to date. Current year taxes will be prorated between Buyer and Seller. Any back taxes or liens will be satisfied by the Seller at Closing. Buyer will be responsible for any rollback taxes that may occur due to a change in usage after Closing
RESALE: Any buyer failing to comply with the above stated conditions that shall cause the property to become the subject of resale shall be obligated to pay any and all costs associated with the resale of such property. In the event of a resale, the buyer will be obligated to any negative balance or loss that may occur.
CAUTION: All attending the auctions do so at their own risk. Prospective buyers and spectators are cautioned to be careful while on each property. Neither Tony Langdon Auction Properties, auctioneers, staff, seller nor any other person connected with this sale assumes any liability, legal or otherwise, for the safety of any individual while on the premises.
BUYER’S PREMIUM: TheBuyer’s Premium will be paid the day of the auction in cash, cashier’s check or money order payable to Tony Langdon Auction Properties. A personal or company check will be accepted only if accompanied by a Bank Letter of Guarantee