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Johnston County, OK: Seized Marijuana Farm - 19.26 Acres w/ Structures

Seller Name: JOHNCOSHF
Rating: Not Applicable
Location: 9240 State Highway 48
Coleman, OK 73432
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Asset Information

Item Specifics - Parcel Information
Parcel Information
PIN 0000-01-04S-08E-2-004-00
County Item No 1
Legal Description SEC 1-4S-8E S 20A of Lot 4(less HY #48 1.52A)
Address 9240 State Highway 48
Coleman, OK 73432
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Parcel Image 4 View Parcel Image 4
Assessed Values
Assessed Values From 2021
Total Assessed Values $755,006.00
Asset Due Diligence Browser
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. Non-winning bidder deposit refunds are mailed within ten (10) business days after the close of the auction. This deposit cannot be applied to other auctions. To find out more about the BidDeposit requirement, click here.

Additional Terms of Service

Sold by the Johnston County, OK Sheriff's Office, which reserves the right to refuse any bid for any reason. Bidders should conduct their own due diligence to determine value.

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 County's seizure, forfeiture, ownership, possession, management, use, sale and/or transfer of these assets.

Settlement Requirements

Settlement process will be conducted by an Oklahoma title company/settlement agent in good standing and selected by buyer. Buyer is required to open escrow and fund remainder of 10% (including $25,000 deposit) of purchase price within 5 business days of auction's close, or else buyer may be declared in default and forfeit any monies paid. Full settlement must be completed within 30 days of auction's close, or else buyer may be declared in default and forfeit any monies paid. Buyer to pay closing costs.

Buyer Premium Information

This auction requires that the winning bidder pay a Buyer's Premium of 5.00% 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.

Payment Type
  • Certified/Cashier's Check
  • Wire Transfer
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