Bankruptcy Auction – Premier Development Land- Houston, TX
Auction Date & Time:
Bidding ends September 15th
at 3:00pm ET
10444 Rosecroft Drive
Houston, Texas 77048
Bankruptcy Auction! Ordered by the U.S. Bankruptcy Court, Southern District of Texas. 16.89 AC’s of undeveloped land near South Acres. Residential and Commercial Development Opportunity. Bids are subject to the approval of the Bankruptcy Trustee and the U.S. Bankruptcy Court.
DON’T MISS THIS OPPORTUNITY TO BUY UNDER MARKET VALUE!!!
• 16.89 AC’s or 735,593 SF +|- of land
• Access to the property is off of Webercrest Rd.
• Approx. 530’ Road frontage on Webercrest Rd.
• Zoning: None
• Topography: Grade level
o Electricity: On Site10
o Water/Sewer: City Water/Sewer
• Flood Hazard: X500
• Market Area: Property is located in the Southeast and South Acres area of Houston.
• Close proximity to 610 Loop, Sam Houston Tollway, I-45 & Hwy 288
Auction Summary of Terms of Sale: All property is sold in “As-Is and Where-Is” condition. A ten percent (10%) buyer’s premium for the real estate will be added to the high bid. The total sale price of the property shall be comprised of the high bid plus the buyer’s premium. The high bidder shall execute a purchase agreement immediately following the auction and will provide a non-refundable earnest money deposit of ten percent (10%) of the total sale price (high bid + buyer’s premium) by certified funds at the time of purchase contract acknowledgment. The balance of the purchase price will be due at closing within the specified time frame in the purchase agreement. Seller will transfer ownership of property by Trustee’s Deed or similar instrument. Other terms apply.
Cooperating Broker’s Fee: Tranzon Asset Advisors is offering 2% to properly registered brokers. See Broker Acknowledgement Form.
Property #: TAA2016
Tranzon Asset Advisors 888-791-7307 ext. 88
Tranzon Asset Advisors of Texas, LLC #9008058, Kelly D. Toney, TX Auctioneer #11818
U.S Bankruptcy Court, the Southern District of Texas, Houston Division, Case No. 19-36737
MISSOURI CROPLAND AUCTION * ONLINE BIDDING ONLY
Row Crop Farm * Fertile River Bottom Land
Offered In (2) Tracts * Road Frontage * Level Fields
Ray County, Missouri Farmland Auction
ONLINE BIDDING CLOSES: Wednesday, Sept. 30th, 2020 at 6:00 PM (CST)
REGISTER & BID ONLINE: Go to www.BidHeritage.com and register online. All bidding is conducted online only and registration can take up to 24 hours, so please register before the last day.
PROPERTY LOCATION: From Camden, Missouri go 2 miles South on Camden Rd, and then turn East on Sunshine Road and go 2.5 miles to the northeast corner of the farm. (Watch for auction signs.)
LEGAL DESCRIPTION: A 125+/- acre tract of land located in the SW/4 of Section 6-50N-27W together with a small tract in the Southeast Corner of the SE/4 of Section 1-50N-28W, all in Ray County, Missouri. (Full legal description TBD by Title Company).
MAP LINK: https://uc.mapright.com/ranching/maps/6bbbd8b1cad0d4d52464d3708ef1f452/share
ORDER OF AUCTION: According to Ray County the farm is 125+/- acres, and it is offered in two individual tracts. This allows a buyer an opportunity to purchase one tract or both tracts (entire farm).
TRACT #1: consists of 45+/- acres of row crop land with road frontage on the north and east sides.
TRACT #2: consists of 80+/- of row crop land with road frontage on the east and south sides.
PROPERTY PREVIEW DATES: The auction company will be onsite at the farm on the following dates to answer any questions. The property can be previewed by scheduling an appointment, contact the auction company at (877) 318-0438. Property previews are encouraged prior to placing a bid in the auction. There are crops in the ground currently.
Wednesday, Sept 9th from 5-6pm
Wednesday, Sept 23rd from 5-6pm
GENERAL DESCRIPTION: This high quality farm is located in the desirable Missouri River bottoms just South of Sunshine Lake, in Ray County. The farm is comprised of fertile and very level river bottom row cropland. This area is well known for high production yields which make this a great option to expand existing farming operations or for an investor wanting to add more acres to their portfolio. Currently in late season beans, drive by and take a look.
FSA INFORMATION: According to the Ray County, Missouri Farm Services Agency, there are 125.68 cropland acres with the following base acres and yields.
(Wheat) 35.90 base acres and 50 bushel yield
(Soybeans) 32.70 base acres and 37 bushel yield
(Corn) 56.50 base acres and 135 bushel yield.
SOIL TYPES: The principal soil types are as follows:
Modale Silt Loam, 0-2% slopes, class 3w
Waldron Silty Clay Loam, 0-2% slopes, class 3w
Leta Silty Clay, 0-2% slopes, class 2w
Haynie Silty Loam, 0-2% slopes, class 2w
Gilliam Silt Loam, 0-2% slopes, class 2w
SURVEY: In the event the property tracts are sold to two separate (different) buyers, the cost of survey will be split between the seller (50%) and buyers (25% each). If the same person or entity buys both tracts, no survey will be provided or needed to transfer ownership.
POSSESSION: Possession of the property will be given upon payment in full of the purchase price and transfer of title at closing, subject to the existing agricultural lease, as follows:
Possession of the farm will be given upon completion of harvest of the 2020 soybean crop.
TAXES: The general taxes for 2019 were $735.
MINERALS: Mineral rights are not being reserved and shall transfer with the surface, to the Buyer.
PERSONAL PROPERTY: No personal property is being transferred with the property.
AUCTIONEERS NOTE: This farm has been in the same family for many years and is now being made available to you. The farm will offer the new owners an excellent row crop investment opportunity or the expansion of your current operation. Don’t miss this opportunity to purchase a very nice Ray County farm.