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| AUCTION ID #: 426521 |
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| USMS: Temple, Texas - Commercial Property |
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| Winning Bid: |
USD $58,500 |
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| Number of Bids: |
48 |
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| Winner: |
hientran |
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| Reserve: |
Met |
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| Status: |
Sold |
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| Auction Started: |
11-10-09 08:00 AM ET |
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| Auction Closed: |
11-12-09 02:58 PM ET |
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PROHIBITED PARTIES The contractor, its employees, and their families and/or persons acting for and/or on behalf of the contractor are prohibited from bidding on any property offered for sale by the United States Government. In order to avoid a conflict of interest, or the appearance of a conflict of interest, the following classes of persons are prohibited from purchasing, either directly or indirectly, property forfeited to the United States which is to be sold under this contract or any subcontract to this contract. To view the entire Prohibited Parties Terms please click here.
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| Item Specifics |
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Address |
901 W. Avenue G
Temple, TX 76504
United States |
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County
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Bell County
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Property Type
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Commercial
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Year Built
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1952
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Property Condition
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Poor
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| Asset Description |
The U.S. Marshals Service offers the following asset for auction:
- Subject property is located at 901 W. Avenue G, Bell County, Temple, TX 76504.
- Legal Description: Real Property known as The Ambassador Motel, located and situated at 901 W Avenue G, Temple, Bell County, Texas, more particularly described as: The North One Hundred Twenty Feet of Lot Number Three (3), of Block Number Fifteen (15) of Jones and Moore Addition to the City of Temple, in Bell County, Texas, according to the Plat in Vol. 72, Page 619, of the Deed Records of Bell County, Texas, including any and all buildings, appurtenances and improvements thereon and any and all surface rights, titles and interests, if any. RESERVATIONS FROM AND EXCEPTIONS TO CONVEYANCE AND WARRANTY FOR ALL OF THE AFOREMENTIONED REAL PROPERTY: Easements, rights-of-way, and prescriptive rights, whether of record or not; all presently recorded instruments, other than liens and conveyances, that affect the property.
- Lot Size is 110 x 120.
- Property type is commercial.
- This is a commercial building which is in poor condition. The property has 14 rooms and was formerly used as a motel. The property has a total of 4368 square feet of gross living area. The property has 8 parking spaces.
This is pursuant to a Final Order of Judgment of Forfeiture dated October 5, 2008.
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| Maps & Area Information |
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| Additional Details | | For more information about this asset including photos, specs and more (when available), click here. |
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| Bidding Requirements |
To bid on this auction, all bidders are required to become qualified by placing a deposit. The deposit of the winning bidder is automatically transferred to the seller at the end of the auction. If the winning bidder fails to perform on any auction, the entire BidDeposit will be forfeited to the seller.
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Non-winning bidders' deposits are refunded within (10) ten business days after the close of the auction. This deposit cannot be applied to other auctions.
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| To find out more about the BidDeposit requirement, click here. |
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| Additional Terms of Service |
| Sold by the U.S. Marshals Service, which reserves the right to refuse any bid for any reason. Please see the document "General Terms of Sale" found in the due diligence area for further information. Bidders should conduct their own due diligence to determine value.
The assets offered for sale by the United States Marshals Service are either seized by and/or forfeited to the United States under federal forfeiture laws. All Buyers of these assets must understand that the United States, and/or its agencies, agents, officers, employees, and/or assigns (hereinafter referred to as "Seller") has acquired the subject property through seizure and/or forfeiture, and has little or no direct knowledge concerning the title, nature, value, source, authenticity and/or any other aspect or characteristics of these assets.
THEREFORE, the Seller offers these assets for sale in "AS IS" CONDITION AT THE TIME OF SALE OR CLOSING, INCLUDING ANY HIDDEN DEFECTS OF ANY NATURE, KNOWN OR UNKNOWN, with no representations, warranties or guarantees whatsoever, express or implied, regarding their nature, value, source, authenticity, fitness, merchantability, and/or any other aspect or characteristic of these assets. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone.
All information derived from third party sources, including but not limited to appraisals, is deemed reliable but not guaranteed. All buyers are deemed to have relied entirely on their own information, judgments and inspections of the assets in making the decision to purchase the asset.
In addition, all Buyers must agree to release and hold harmless the Seller from any and all demands, rights and causes of action, arising from, or to arise from, or by reason of, the Government's seizure, forfeiture, ownership, possession, management, use, sale and/or transfer of these assets. |
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| Settlement Requirements |
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| Certified/Cashier's CheckThe successful bidder has 24 hours following the close of the auction to sign a Purchase Agreement. The successful bidder has 30 calendar days to complete the transaction by certified check to the U.S. Marshals Service. If the successful bidder does not perform, the bidder will forfeit his/her/its BidDeposit to the U.S. Marshals Service. The successful bidder will be required to cover any closing costs.
For assistance, please contact Bid4Assets’ Customer Service team at service@bid4assets.com or 877-4ASSETS (427-7387). |
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