Auction Information
12ac Executive Ranchette in the "Heart of Horse Country"
AUCTION...12 ACRE EXECUTIVE RANCHETTE - SELLS IN 3 TRACTS
Buy any Tract, Any Combination or Buy the Entire 12ac Ranchette
Saturday, June 24, 2023 - 11162 Osborn Road in Pilot Point TX
Tony Langdon Auction Properties 214.876.5950
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REAL PROPERTY: 12 acre Executive Ranchette sells divided in 3 Tracts. Tract 1 features 2 Custom Homes with a Pool at the 3 Bedroom Main Home, 2 Bedroom Guest Home with covered outdoor patio, Show Barn, Outdoor Arena, Equipment Buildings and a Gated Entry. Tract 2, contiguous to Tract 1, is 1.02 acres with a Mobile Home and separate entry. Tract 3, currently utilized as a 2ac pasture, also contiguous to Tract 1, has frontage on Osborn Road and is a prime homesite in the "Heart of Horse Country". Easy access to Hwy 377 and FM 2931. Located within one hour to Dallas, Fort Worth, DFW Airport, Winstar Casino and just minutes to Lake Lewisville and Lake Ray Roberts. ...
REAL PROPERTY: 12 acre Executive Ranchette sells divided in 3 Tracts. Tract 1 features 2 Custom Homes with a Pool at the 3 Bedroom Main Home, 2 Bedroom Guest Home with covered outdoor patio, Show Barn, Outdoor Arena, Equipment Buildings and a Gated Entry. Tract 2, contiguous to Tract 1, is 1.02 acres with a Mobile Home and separate entry. Tract 3, currently utilized as a 2ac pasture, also contiguous to Tract 1, has frontage on Osborn Road and is a prime homesite in the "Heart of Horse Country". Easy access to Hwy 377 and FM 2931. Located within one hour to Dallas, Fort Worth, DFW Airport, Winstar Casino and just minutes to Lake Lewisville and Lake Ray Roberts.
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LIVE AUCTION: The property will be offered for sale in a Live, Audible Auction, conducted by a Licensed Auctioneer on SATURDAY, JUNE 24TH AT 11:00AM. The Auction will be conducted on site at the property with Registration beginning at 9:00am on the day of the Auction. The property will sell "AS IS". It is the sole responsibility of potential Buyers to inspect and research the properties prior to the Auction.
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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, Thursday, August 3, 2023 at 5:00pm Central Time. Buyer is responsible to attain his or her own Financing prior to Closing.
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ONLINE BIDDING: If you are unable to attend the Live Auction on-site... you can participate in Real-Time Online Bidding that will be available beginning at 11:30am on the day of the Auction. PRE-REGISTRATION FOR ONLINE BIDDING IS REQUIRED. 11% Buyer's Premium applies if Bidding Online.
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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.
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OPENING BID: The Opening Bid for Tract 1 is $500,000 and Tracts 2 and 3 will each have an Opening Bid of $50,000
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REAL ESTATE PREVIEW: This property my be viewed by appointment only. Call to schedule an appointment. Contact Tony Langdon at 214.876.5950 for additional informationl
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