, Ringwood, OK (Major County)

Description: This auction provides the investor, developer, and home buyer the unique opportunity to purchase a property with development potential. Ringwood is just 15 minutes west of Enid’s west side shopping and has excellent school system, restaurant, grocery store, car wash, & more. This well cared for home & 9 +/- timbered acres is situated in a nice residential area at the southeast of Ringwood. The timbered land extends north to the undeveloped 3rd Street and offers home site possibilities and is excellent habitat for deer & turkey. The home is situated on an attractive hill w/ silver leaf maple trees out front and has a spacious meadow in back. It has nice siding, 3 bedrooms or 2 bedrooms & an office, has 1 full bath, a living room, kitchen w/ breakfast bar, a formal dining room, central heat, window unit air, hard wood floors, and an attached storage/garage.

Taxes: The 2006 taxes were $221.00 with homestead exemption. The 2007 taxes are to be prorated to the day of closing.

Legal Description: A tract of land beginning at the Southeast Corner of the Southwest Quarter of Section 14, Township 22 North, Range 10 W.I.M., Thence North 1050 feet to the center of 3rd Street, Ringwood, Oklahoma, Thence West 415 feet down the center of 3rd Street of the Town of Ringwood, Oklahoma, Thence South 1050 feet; Thence East 415 feet to the point of beginning, a/k/a 525 E. County Rd., Ringwood, Oklahoma, LESS AND EXCEPT a tract of land lying in the Southeast Corner of the Southwest Quarter of Section 14, Township 22 North, Range 10 W.I.M., Major County, Oklahoma, more particularly described as: Beginning at the South Quarter Corner of said Section 14; Thence North along and following the East line of said Southwest Quarter 383.0 feet; Thence 140.0 feet West parallel to the South Section Line; Thence South 383.0 feet parallel to the West Line of said Southwest Quarter; Thence East 140.0 feet along and following the South Section Line to the point of beginning, containing 1.23 acres, more or less.

Terms: 10% of the purchase price is to be placed in escrow the day of the auction with the balance being due upon delivery of merchantable title. All information is taken from sources believed to be reliable; however, no guarantee is made by the auction company or its employer. Buyers should satisfy themselves as to size, condition, acreage, etc. prior to auction day.