Auction Information
Online Bidding Site57 acres with No Restrictions across from Bonham State Park
AUCTION...57AC AT BONHAM STATE PARK - NO RESTRICTIONS!!!
57 Total Acres divided in 2 Tracts - Buy Either Tract or Both Tracts
Saturday, October 28th at 2pm- 849 CR 3070 in Bonham, Texas
Tony Langdon Auction Properties 214.876.5950
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REAL PROPERTY: The 57.02 acre property is divided into 2 Tracts. There's 2 mobile homes on Tract 1, one single wide and one double wide that's actually configured as a duplex. The 29.3 acre Tract 1 also has a workshop and stock pond. Tract 2 is 27.72 acres with several stock ponds and a nice mix of mature trees & pasture. No Deed Restrictions, provided you follow Fannin County regulations. The property is virtually across from the Bonham State Park, just southeast of downtown Bonham.
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LIVE AUCTION: The 57.02ac property will be offered For Sale in a Live, Audible Auction, conducted by a Licensed Auctioneer on SATURDAY, OCTOBER 28 AT 2PM CDT. The Auction wi...
LIVE AUCTION: The 57.02ac property will be offered For Sale in a Live, Audible Auction, conducted by a Licensed Auctioneer on SATURDAY, OCTOBER 28 AT 2PM CDT. The Auction will be conducted on site at the property with Registration beginning at 12 Noon 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" or other "Proof of Funds". The Balance will be due at Closing, on or before, Thursday, December 14, 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 through PROXIBID beginning at 1:30pm on the day of the Auction. Pre-registration with PROXIBID is required. 11% Buyer's Premium will apply if bidding online with Proxibid.
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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: $5000/acre
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REAL ESTATE PREVIEW: This property may be viewed by appointment only. Call to schedule an appointment. Contact Tony Langdon at 214.876.5950 for additional information
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