AUCTION ID #: 247117 Bookmark and Share
TEXAS Land HUGE 5 Ac~Awesome RIVER FRONT
Item 247117  
Winning Bid: USD $6,100
Number of Bids: 41
Winner: siljkovic
Reserve: Met
Status: Sold
Auction Started: 04-26-06    08:00 AM ET
Auction Closed: 05-02-06    09:20 PM ET
Asset Details
Seller Information
   
Seller Name: govtauctions
Rating: Seller Rating - 5 (7)
Location: Loving County, TX    00000
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Bid Increment: $50
Shipping Cost: SEE DESCRIPTION BELOW
Minimum Bid: $100
Auction Type: Regular Auction
Source: Private Auction
Deposit Required: $0
Overtime Period: 5 min
Buyer's Premium: 10.0%
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Asset was Sold
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Asset Description

GovernmentAuction.com is the largest company of its kind. We work closely with various government agencies to acquire literally thousands of properties. Once acquired, these properties are liquidated through Bid4Assets, as well as through our company web site. Our purchase volume allows us to extend savings of up to 70% off to small investors and large corporate entities.

5 Acres Loving County, Texas
Superb River front Location!!
STRAIGHT SALE~LOW RESERVE
PLEASE NOTE: Do Not bid on this property if you can not perform on the purchase. If you are the high bidder and do not perform; under Bid4Assets policy, a Non Performing Bidder Report will automatically be filed. Non Performing Bidder Reports lead to suspension from Bid4Assets and will be reported to our Collection Agency.
DESCRIPTION : LOVING COUNTY, TEXAS

This acreage is part of an old cattle ranch and can be described as prairie land with a terrain that varies from flat to rolling with several sandy hills and ridges. This is raw, unimproved land without publicly maintained roads, utilities or other homeowner services of any kind. Some of the largest mule deer in Texas, as well as quail and dove are hunted on the ranch. This property offers excellent speculation potential, enjoyment of recreational usage, a rural retreat or cabin for you and your family, or an asset to simply own and pass along to children and grandchildren.

Loving County, the smallest county in the Permian Basin of West Texas, is bounded on the east by Winkler County, on the south by Ward County, on the west by the Pecos River and Reeves County, and on the north by Eddy and Lea counties, New Mexico.

Mentone is the county seat and only town in the county, is located in its southwestern corner seventy-five miles west of Odessa. The county is named for Oliver Loving, a cattle rancher and pioneer of the cattle drive who with Charles Goodnight developed the Goodnight-Loving Trail.

Elevations vary from 2,686 to 3,311 feet above sea level. Temperatures vary from an average low of 29° F in January to an average high of 96° in July. The growing season lasts 222 days.

Click Map to enlarge size

 

Approximate Distance to Major Markets

21 miles NE of Pecos
38 miles W of Kermit
94 miles W of Odessa
2 miles NE of ghost town Porterville

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DETAILS : LOVING COUNTY, TEXAS
Gov File # 10675
APN# Lot 25 Section 94 Block 33 H&TC Ry. Co. Survey
Parcel Size
(Exact Dimension Unknown)
5 Acres
Location

Loving County, TX

County Phone:(432)426-3210

TERMS This is a straight sale auction. What you bid is the price for this property plus buyer's premium

Power Must call County
Phone Must call County
Water Must call County
Sewer Septic Must install your own
Roads Must call County
Taxes approx. $100/year - Buyer's Due Diligence - verify with County
Time-Limit To Build None
Dues None
Terrain Flat to rolling
Zoning Ag
Buyer's Premium This auction requires that the winning bidder pay a Buyer's Premium of ten percent (10%) of the winning bid amount. EXCEPTION: Winning bids of $1000 OR LESS will pay a Buyer's Premium of $100. (The buyer's premium covers the costs associated with the auction and all property processing fee). This amount will be added to the winning bid and will be included in the total purchase price paid by the buyer to the seller. Winning Bid + Buyer's Premium = Total Purchase Price.

Additional Notes Great Location. Start your land portfolio with this beautiful piece of property
Email info@governmentauction.com
We would be happy to assist you in any of your land investment needs. Goodluck in bidding - we hope you get the property of your dreams.
This is a great opportunity to invest in Real Estate with a minimum amount of money "out-of-pocket" expense. We accept all major credit cards thru Paypal, personal checks (takes longer to ship), cashier checks, money orders, and Bank Wire Transfers for the payment of your winning bid.
If you're the Winning Bidder, please make a payment within 5 days after this auction has closed otherwise this item will be sold to the second highest bidder and a Non paying bidder report will be filed against the winning bidder. Non Performing Bidder Reports lead to suspension from Bid4Assets. All contracts, maps, and information will be "FEDEXed" to you upon completion of paperwork. Take advantage of this great opportunity offered by GovernmentAuction.com.
Disclaimers*Please note that there may be many Lot - Must call County for exact size/dimensions in this subdivision, therefore picture(s) may or may not be of specific Lot - Must call County for exact size/dimension. All properties are sold “as-is”. Prospective purchasers are urged to examine and research all properties prior to bidding. All information contained in this listing page has come from reliable sources and is accurate to the best of our knowledge. We make no guarantee expressed or implied as to the location, condition, accessibility, terrain, build ability or information contained in this listing. We do guarantee free and clear title with no liens or encumbrances to every property that we sell. Title is conveyed via a Deed on all straight-sale properties. Title is conveyed via land-sales contract on all bid and assume properties. Once your property is paid for in full, your property will be deeded to you via a Deed. All sales contracts are assumable, no pre-payment penalties. Please allow 14-21 days for execution and delivery of all paperwork. Bid and invest with confidence from America’s number one land firm; GovernmentAuction.com.
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Additional Details
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PLEASE READ CAREFULLY- Bid4Assets Real Estate Buyer Responsibilities

Some sellers buy large "pools" of under-valued properties from banks. The seller may not inspect every property prior to sale. The seller represents these properties to the best of their knowledge. In some rare cases, property may have severe damage or be subject to county/city orders not described in the auction. It is highly recommended that interested bidders arrange for an external inspection personally or through a designate and that they contact the county or city in which the property is located to confirm the status of the property.

Bid4Assets reminds all potential real estate bidders that it is your responsibility to complete all due diligence needed to determine the condition, market value, or investment value of this asset prior to placing a bid. Necessary due diligence items may include, but are not limited to, a) a satisfactory inspection of the property b) completion of a title search c.) investigating back property taxes and D.) other - liens and encumbrances such as unpaid utility bills.

By placing a bid, you acknowledge that any statements made by the seller about the condition or market value of the property are subjective, and do not release you from your responsibility to perform due diligence. Please contact Bid4Assets if you believe that a seller is intentionally misrepresenting a property in their auction.

Settlement Requirements
  • This auction requires that the winning bidder pay a Buyer's Premium of 10.00% of the winning bid amount. (The Buyer's Premium covers the costs associated with the auction). This amount will be added to the winning bid and will be included in the total purchase price paid by the Buyer to the Seller.
  • Certified/Cashier's Check
  • Wire Transfer
  • Money Order
  •