Name Ranch Land for Sale in North East Texas
Auctioneer Myers Jackson
Type Online-Only Auction
Date(s) 4/27/2021 - 5/27/2021
Thursday, May 27, 2021 at 11:00 AM CST
Preview Date/Time TBA
Checkout Date/Time At Bid Award
Location CoRd 3134
Cumby, TX 75248
Buyer Premium 10% Buyers Premium.
This property shares a boundary with US Government Corps of Engineers Property that includes Cooper Lake Wildlife Management Area. All animals on their property are managed by them including fish. Deer, turkey, ducks and hogs are all found on this property. 100 x 170 sq ft (roughly) barn is covered, with three working pens. Pastures, one water well, ponds scattered throughout, and a large hay meadow are all great features of this property. Suitable for cattle and hunting operations.
Auction Terms & Conditions PROPERTY INFORMATION PACKAGE PURPOSE: To provide terms and conditions specific to the property listed in addition to the general terms and conditions that can be found by clicking the terms link on this page. Both specific general terms and conditions shall govern the conduct of the sale. The general terms and conditions are published and may remain constant for each sale. The specific terms and conditions may signify certain attributes that are conditional to the property described below. SALE TYPE - AGENCY Seller has initiated the liberty of bidding and property shall be sold subject to seller’s confirmation. Brokers and Auctioneers represent the seller and shall not represent the buyer. INFORMATION ABOUT BROKERAGE SERVICES LEGAL DESCRIPTION: 284.79 Acre, Hopkins County, Texas LEGAL DESCRIPTION: Pense Ranch Properties, LLC. Property ID: R000019609 - FM71 0 W, 252.150 Acre, Tract 11, Abst. 734 & 63 & 1074 & 393, SUR: PERKINS SAMUEL Property ID: R000014278 - FM 3134 0, 12.960 Acre, ABS: 393, TR: 8, SUR: HALBROOKS DANIEL Property ID: R000014279 - FM 3134 0, 11.660 Acre, ABS: 393, TR: 9, SUR: HALBROOKS DANIEL, 520X1148X496X1398 Property ID: R000014283 - FM 3134 0, Acres: 8.020, ABS: 393, TR: 18-02, SUR: HALBROOKS DANIEL, 462X758 ADDRESS: 4599 W FM 3134, Sulphur Springs, TX 75482 Proposed Purchase Combination Tract T1 Co Rd 3134, Cumby, TX 75482 - 29.70 +/- Acres, Parcel R000019609 Tract T2 Co Rd 3134, Cumby, TX 75482 - 44.30+/-Acres, Parcel R000019609 Tract T3 Co Rd 3134, Cumby, TX 75428 - 37.50 +/- Acres, Parcel R000019609 Tract T4 Co Rd 3134, Cumby, TX 75428 - 43.90 +/-Acres, Parcel R000019609 Tract T5 Co Rd 3134, Cumby, TX 75428 - 43.50 +/- Acres, Parcel R000019609 Tract T6 Co Rd 3134, Cumby, TX 75428 - 85.10 +/-, Parcels R000019609, R000014278, R000014279, R000014283 Whole Acreage: 4599 W FM 3134, Sulphur Springs, TX 75482 - 284 +/- Acres SPECIFIC TERMS and CONDITIONS Terms and Conditions of the sale may change. Certain requirements may vary from sale to sale. Such changes shall be considered specific terms of the sale. Specific terms and conditions may include, however not limited to the amount of Option Money Required, Escrow Deposits, Time to Close, Auctioneer Fees, Real Estate Brokerage Requirements. Other terms that apply to the property being offered. Such terms may change without individual notice. It is incumbent on the purchaser to read all terms and conditions prior to bidding or making an offer. ORDER OF SALE The Broker – Auctioneer shall determine the order of sale and shall retain the right to schedule, reschedule or determine the platform and how the sale will be processed. A property may be offered as a single property or the property may be divided into separate parcels. {*Most single-family homes would be offered in a single listing. Land may be divided into multiple tracts. *} The method that produces the best offer to the seller will determine how this property sells. Property is selling subject to owner confirmation. Owners have initiated the liberty of bidding and may make adjustments accordingly. Seller has authorized to refuse bidding privileges to persons that do not qualify or to those that will not comply with bidding procedures. PROCESSING of BIDS (OFFERS) Broker – Auctioneer under the direction of the seller may process bids (offers) submitted with proper qualifications that satisfy the sales process. Additional information may be found under the Bid Administration tab. Bids (Offers) may be subject to additional payments or fees such as auctioneers fee, buyer premiums, closing costs. OPENING BID Property ID: R000019609; R000014278 ; R000014279; R000014283 - Proposed Purchase Combination Tract T1 29.70 +/- Acres: $207,900.00 Tract T2 44.30+/-Acres: $310,100.00 Tract T3 37.50 +/- Acres: 262,500.00 Tract T4 43.90 +/-Acres: $407,300.00 Tract T5 43.50 +/- Acres: $304,500.00 Tract T6 85.10 +/- Acres: $382,950.00 Whole Acreage 284 +/- Acres: $1,875,250.00 An opening bid is required to initiate purchase rights. Bids (offers) may be lower than the suggested opening bid, however may not warrant suitable or acceptable requirements of the seller. All being subject to Multiple Offer Management. Opening bids or subsequent bids remain conditional. PURCHASE AND SALE AGREEMENT (CONTRACT SAMPLE) Will be available for review prior to bidding upon request. Purchaser will be required to execute and return immediately after the bid award along with required payments. SALE TYPE - AGENCY Seller Confirmation. Brokers - Auctioneers represent Sellers. TAXES Taxes currently due shall be prorated on the day of closing. Estimate Annual Taxes $ ______________ INSPECTIONS PREVIEW Purchasers may conduct Final Inspections on Thursday, May 13, 2021, 10:00am On-Site prior to sale date. Special requests considered. Text (469) 460-4848. SALE DATE Actual day the purchase and sale agreements or other contract documents are executed to confirm the sale bids are due no later than Thursday, May 13, 2021. Subject to change at seller direction. Property may be sold prior to bid date without notice or announcement. EXPECTATIONS Purchasers are to inspect the property at their own expense. Escrow deposits in addition to closing costs, buyer’s premium shall be the purchaser’s responsibility. This transaction shall be non-contingent on financing. BROKER PARTICIPATION A duly qualified broker may be paid up to 3 % more or less commission based on the purchase amount at bid award with proper registration subject procuring cause rights. May be listed in the MLS or in the Specific Terms. TERMS OF REAL ESTATE The successful Purchaser(s) shall sign and return a real estate sales contract immediately after closing of bids or fully accepted offer, transfer by wire or certified funds, immediately after acceptance of offer. A 10% Buyer’s Premium will be calculated the bid price on Real Estate then payable to Myers Jackson – Licensed Broker, Auctioneer immediately after confirmation and acceptance of offer. * All calculations are per contract. Option Money 1% Escrow Deposit 2% CERTIFICATIONS Purchaser(s) proof of payment will be certified by the Purchaser at closing. Certified funds will be required to bid in the amount for purchase including option money, escrow deposits and auction fee to be tendered on the day of execution of contract with proof of funds. TITLE Seller will warrant transfer of title. Purchaser(s) may purchase title insurance at purchaser’s expense at the time of closing. Subject to exceptions, and Specific General Terms and Conditions. OPTIONS The Buyer may or may not propose an option period to purchase this property. Option money shall be paid at direction of the Seller. Extended option periods may increase the actual amount of option money paid. No option money is paid if option period is not requested. ESCROW DEPOSIT Money will be held at CAPITAL TITLE OF TEXAS, 1105 GLADE RD. STE. 200, COLLEYVILLE, TX 76034, Izzy Lane at (817) 916-8930. Earnest Money will be applied toward the purchase of property Auctioneers fee or option may belong to the Auctioneer and or Seller at the time of contract certifications. Appropriation of all funds shall be reflected on the closing document. CLOSING Time is of the essence this transaction shall close on or before Friday, June 11, 2021. The balance of monies owed shall be made with funds with delivery notification 72 hours prior to closing. APPRAISALS Purchasers may conduct an independent appraisal prior to bid award. DISCLOSURE Additional disclosures may be available up request at and AUTHENTICITY The information shall be deemed true and correct; however, the purchaser shall be responsible for independent verification prior to bidding at purchaser’s expense. NOTABLE OBSERVATIONS Subject Property: Compatible with the Neighborhood Energy Source: Electric Dimensions: Regular Conforming Proximity: Average for Schools, Commerce, Employment USE Zoning: Agriculture/Farm & Ranch, Hopkins County, Sulphur Springs, Texas Location: Hopkins County, Texas Landscaping: Natural Upgrades: Not Applicable Physical Deficiencies: None Observed Environment Impact: No Negative Impact Known Neighborhood Boundaries: Hopkins County Market Conditions: Favorable Access to Water: Purchasers may choose to have a water well installed at any time after purchase. Seller has consulted with a water well driller that has drilled a well on tract 4. However, the seller shall not guarantee the supply of water, moreover the seller does express that water should be available according to a water well expert with drilling experience in the area with many years of practice. The purchaser shall pay for the installation of any water well and/or attachments or alternate forms to process, deliver or obtain water. Overall Condition of the Property: Any observation shall not be meant to be any warranty of condition; no guarantee shall be made to the accuracy of the noted element. Property shall transfer by deed of record and any claims attached unless otherwise announced. Subject to Zoning, Planning, any government regulation as recorded at time of purchase. REGISTRATION Each person participating in the sale or any person that wishes to attend an open house must register in advance of entry into the property all being subject to seller requirements of preferential invitation. Seller and Auctioneer will comply with all fair housing regulations; however, entry may be restricted based on the following: Registration may be subject to additional requirements. However, Broker Auctioneers may reduce, alter, amend requirements on a case by case basis. Registration in writing, Myers Jackson Bidding Platform or other approved method. Proper Statement of Funding and/or Proof of funds that show capabilities to purchase. Agree to Conditions of Sale in advance of entering property: home or grounds. Enter Factual Buyer information at HOW TO REGISTER AND BID ON-LINE Logon to: Read, accept term and conditions Enter factual buyers’ information Make the highest possible bid Follow, check for additional bids If awarded the bid, prepare to sign contract Understand on-line bidding may be combined with live auctions Information About Brokerage Services --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 199,000.00 5,000.00 USD
199,000.01 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium 10% Buyers Premium.
Payment Terms
Date: Thursday, May 27, 2021 Certified Payments with no refunds. No exchanges. No warranty. 10% buyer’s premium Payment will be required immediately at the time of sale.