2875 FM3092 , Gainesville, TX 76240(Cooke County)

TRACT 1: Custom 5 bedroom, 5 bath, 5858' brick home with 3 car garage and heated pool/spa. Beautifully landscaped with a large stock pond, 11 stall Show Barn including apartment, tack room, wash rack, stocks, heated Nelson automatic waterers in pastures and 60' round pen on 15 acres.

TRACT 2: Indoor Arena (125' x 250' Kaiser Arena Specialist improved ground), 44 oversized stall with Nelson automatic waterers, 4 apartments (one efficiency, two studios and one executive with two bedrooms, two baths), two large tack rooms with rotating saddle racks, 4 wash racks, restroom, laundry room and break room - ALL UNDER ONE ROOF on 13.4 acres. Also a gated entrance, barn/workshop with 9 stalls and large stock pond

TRACT 3: 56.9 acres of pasture with a nice mix of oak and pecan trees, running creek and a Kaiser improved ground loping pad

LIVE AUCTION: The real property will be offered for sale in a live, audible auction, conducted by a licensed Auctioneer on Saturday, December 14, 2019 at 11:00am CST. The auction will be conducted on-site, at the ranch located 2875 FM 3092 in Gainesville, 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 non-refundable 10% Buyer's Premium will be paid the day of the auction when the contract is executed by cash, cashier's check or a personal/business check will be accepted if accompanied by a "Bank Letter of Guarantee". The balance will be due at Closing, on or before, Friday, January 31, 2020 at 5:00pm CST. 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. Real Estate Agents participating as a Principal to the transaction or are an Immediate Family Member of the Buyer are ineligible for the Agent Incentive.

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 December 14th.

OPENING BIDS: Tracts 1 and 2 will have opening bids of $250,000 and Tract 3 will have an opening bid of $2500/acre

REAL ESTATE PREVIEW: These properties my be viewed by appointment only. Call to schedule an appointment.

Contact Tony Langdon at 214.876.5950 for additional information

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