• Excellent Bermuda & Native Pasture • Heavily Wooded Creek Bottom • Numerous Ponds • Potential Building Sites • Perimeter Fencing
COURT ORDERED GARVIN COUNTY LAND AUCTION - 153+/- ACRES, OFFERED IN 4 TRACTS - LINDSAY, OK
Garvin County - Lindsay, Oklahoma
Thu, Aug 28, 6:00 PM CENTRAL
OPEN HOUSE/INSPECTION DATES
Monday, August 4th from 3-6pm
Tuesday, August 26 from 3-6pm
Meet Auction Representative on Tract 1
PROPERTY LOCATION
4 Miles South of Lindsay, OK off County Rd N 3022
AUCTION LOCATION
Best Western Lindsay Inn and Suites
14114 OK-19, Lindsay, OK 73052
PROPERTY DESCRIPTION
The Garvin County 153 is an exceptionally diverse real estate holding, located just minutes from the convenience of Lindsay, OK. The property blends agricultural, homesite and recreational value into a single property like parcels of this size seldom do. The western 50+/- acres of the property is comprised of an excellent Bermuda Grass pasture spotted with scattered Oak Trees. While the eastern side of the property is an excellent mixture of native grass pasture, heavily wooded creek bottom and numerous ponds. The creek flows from north to south throughout the property and offers a number of potential areas for large water features. An immediate value add can be found along the south boundary of the property, with a once 2+/- acre watershed pond in need of some dam repair to add instantaneous value to the property. In addition to these attractive features, the property has outstanding access with County Road 3022 running north to south through the center of the property! Bidders will have the opportunity to submit bids on any individual parcel or combination of tracts that best fit their needs!
TRACT DESCRIPTIONS
Tract 1: 35± ac with two ponds and an excellent balance of native pasture and wooded creek bottom along the eastern boundary.
Tract 2: 31± ac approximately 1/3 heavily wooded ground along the creek bottom and 2/3 open pastureland. Excellent potential areas for a pond along the creek bottom section.
Tract 3: 37± ac with a nice blend of open pastureland and dense timber. The once 2+/- acre pond is located on this parcel, in need of dam repair but providing Buyer with an immediate value add opportunity!
Tract 4: 50± ac of excellent Bermuda Grass pasture, outstanding access with County Rd 3022 running along the entire east boundary of the property. Also includes a nice pond on the south end of the parcel.
TRACT MAP(S)
AREA MAP(S)
PROCEDURE: There will be open bidding on all individual tracts and combination of tracts during the auction as determined by the Auctioneer. Property will be sold in the manner resulting in the highest total sale price.
MINIMUM BID: The Property is subject to a court ordered minimum bid of 2/3rds (66.67%) the appraised value.
DOWN PAYMENT: 10% of the total contract purchase price will be due as a down payment on the day of auction, with the balance due in cash at closing. The down payment may be made in the form of cashiers check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.
APPROVAL OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. Final bids are subject to court approval.
DEED: Title will be conveyed by Sheriffs Deed.
EVIDENCE OF TITLE: Seller agrees to make available to bidder a preliminary title insurance commitment to review prior to auction. The cost of title insurance, if the buyer(s) elects to purchase the title insurance policy, will be the responsibility of the buyer(s). Seller agrees to provide merchantable title to the property subject to matters of record, general conditions of title, and similar related matters. All tracts sold "AS-IS".
CLOSING: The closing shall take place 30 days after court approval.
POSSESSION: Possession shall be at closing.
REAL ESTATE TAXES: Real Estate taxes shall be prorated to the date of closing.
MINERALS: Seller specifically excepts and reserves all minerals, including without limitation, oil, gas, coal, coalbed methane, and all other hydrocarbons, lignite, and all metallic minerals, etc., if any, associated with the referenced real estate, and the term Property shall not include any mineral rights.
ACREAGE AND TRACTS: All acreages and dimensions are approximate and have been estimated based on current legal descriptions, property tax records and/or aerial photos. Any corrections, additions, or deletions will be made known prior to the auction.
AGENCY: Schrader Real Estate and Auction Company, Inc. and their representatives are exclusive agents of the Seller.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an "AS IS, WHERE IS" basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.
NEW DATE, CORRECTIONS AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes or additions to the property information.
