Name Real Estate Auction 10+/- Acres 2236 E University Dr
Auctioneer Top Brass Auctioneers
Date(s) 4/25/2022 - 5/28/2022
4/25/2022-5/28/202211:00 AM CST LIVE AUCTION
Preview Date/Time NEXT OPEN HOUSE SATURDAY MAY 7TH 12:30-3PM OPEN TO THE PUBLIC AND AGENTS NO APPOINTMENT REQUIRED DURING OPEN HOUSE
Location 2236 E University Drive
McKinney, TX 75069
Buyer Premium 10% Buyers Premium + High Bid
Description
PLEASE NOTE THIS IS AN 100% ELECTED AUCTION THIS PROPERTY IS NOT SUBJECT TO FORECLOSURE, FORCED SALE NOR SHORT SALE. OPENING BID AMOUNT 250K Price to be determined by PUBLIC AUCTION LIVE ONSITE Saturday, May 28th at 11AM LOCATION OF AUCTION IS 2236 E University Drive McKinney, TX onsite registration opens 9AM. FOR SALE Property address 2236 E University Drive McKinney, Texas Collin County total of 10+- Ag Exempt Acres. Convenient 380E University access. Mid-Century Ranch 4 Bedroom One Story Brick Home, Pool with spa, outdoor grille and living with Austin Stone Fireplace and gathering area, Pond, Barn w Apt and 8 +- Ag Exempt open space acres. This Property is subject to approx 136 feet of TXDOT 380 Expansion to 6 lane Highway. Commercial Rezoning Elig Light to Heavy Industrial applicable. Possible RV Park BUYERS TO VERIFY ALL SQ FOOTAGE AND REZONING ELIG INFORMATION. Property wil Sell at Market Value that price is to be determined at Auction. THIS SITE IS FOR AUCTION INFORMATION ONLY BUYERS WILL REGISTER WITH AGENT IF APPLICABLE ON THE DAY OF AUCTION. If you don not have an Agent, NO PROBLEM, our Auction Staff will assist you.
Auction Terms & Conditions Top Brass Auction Group. RE/MAX Premier AUCTION TERMS & CONDITIONS LAW: This property is offered for sale according to the laws of the State of Texas. AUCTION: The auction, open to the public, consists of 10+/- Acres 8 being Ag Exempt for open space located within the City of McKinney Collin County known as: 2236 E University Drive McKinney, Tx 75069. The auction will be conducted by an Auctioneer on the site of the property with live bidding on Saturday, May 28, 2022 at 11:00am. ONSITE IN PERSON REGISTRATION OPENS AT 9AM ON DAY OF AUCTION. Property is being offered for sale by “Seller Confirmation”, therefore the auction process will not be complete until the Auctioneer announces the property as SOLD. CONDITIONS: The Property will be sold “AS IS, WHERE IS” with all faults, if any. No warranty or guarantee of any kind, either expressed or implied, is made with respect to the property. Buyers acknowledge they have inspected the property and are buying it in its present condition. All announcements made on Sale Day by the Auctioneer will hold precedence over any previously printed material or any other oral statements. BIDDING PROCEDURE: Property will be offered as a whole unit. PURCHASE CONTRACT: Immediately following the close of bidding, the high bidder will sign a purchase contract in the form provided in the property information packages. All information contained on this website and other marketing materials is subject to the terms and conditions contained in the written purchase contract. Seller shall not be bound by any statement promise or inducement that is not contained or incorporated in the written purchase contract. BUYERS PREMIUM: A Buyers Premium in the amount of ten percent (10%) of the bid amount shall be charged to Buyer and added to the bid amount to arrive at the total contract purchase price. PAYMENT TERMS: 10% Buyers Premium will be due immediately after the bidding concludes, with the balance due in cash or financing at closing. The Buyers Premium may be made in the form of a cashier’s check, personal check or corporate check (YOU MUST SHOW PROOF OF FUNDS OR BANK LETTER OF GURANTEE FOR THE 10% BUYERS PREMIUM AMOUNT) YOUR BIDDING IS NOT CONTINGENT UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing. CLOSING: Title Policy issued by Captiol Title Plano (972) 502-9085. The targeted closing date is on or before Tuesday, July 12, 2022 by 5pm Central Time. Closing shall be held on or before the targeted closing deadline or as soon as possible thereafter upon completion of the survey, if applicable, the final title commitment and the Sellers closing documents. The closing agents fee for an administered closing will be shared equally (50% each) between Buyer and Seller. Buyer will pay all charges and fees related to any loan obtained by Buyer. POSSESSION: Possession shall be delivered upon successful closing & funding. REAL ESTATE TAXES AND ASSESSMENTS: The 2022 Property Taxes will be prorated to the date of closing. The buyer will be responsible for any “rollback” in the property taxes. The buyer(s) will be responsible for all additional taxes imposed after the date of execution of the Special Warranty Deed by seller as a result of any change in use of any part of the subject property, the intent being that all such additional rollbacl taxes shall be the responsibility of the buyer and the buyer’s heirs, personal representatives and assigns. DELIVERY OF TITLE: At each closing, Seller shall furnish at Buyers expense: (i) a special warranty deed conveying marketable title to Buyer, subject to all permitted exceptions as described in the purchase contract; and (ii) an owners title insurance policy in the amount of the purchase price insuring marketable title, subject to all standard requirements, conditions and exceptions and subject to the permitted exceptions. MINERALS: NO MINERAL RIGHTS WILL CONVEY However, no promise, warranty or representation will be made as to the existence of any minerals or the nature or extent of Sellers interest therein TRACT MAPS; ACRES: All advertised tract maps, acres, dimensions and boundaries are approximations based on county parcel data, current legal descriptions and/or aerial mapping. The marketing materials are not provided as survey products. PROPERTY INSPECTION: It is the Sole Responsiblity of Buyer(s) to inspect and perform all necessary due diligence prior to Auction Close. Buyers(s) may inspect and/or appraise real property post Auction However, any/all reports will not effect the outcome of the Auction and/or sale terms. Owner, Broker and Auction Company disclaim any and all responsibility for the safety of prospective bidders and other persons during any physical inspection of the property. No person shall be deemed an invitee to the property by virtue of its being offered for sale. DISCLAIMER AND ABSENCE OF WARRANTIES:THIS PROPERTY IS OFFERED AS IS, WHERE IS. NO WARRANTY OR REPRESENTATION, STATED OR IMPLIED, IS MADE BY SELLER, BROKER OR AUCTION COMPANY CONCERNING THE PROPERTY. Prospective bidders are responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. The information contained in this brochure and other marketing materials is subject to verification by all parties relying on it. Seller, Broker and Auction Company assume no liability for any inaccuracies, errors or omissions in such materials. All sketches, tract maps, measurements and dimensions are approximate. AGENCY:Top Brass Auction Group RE/MAX Premier and their respective agents, representatives and contractors are exclusively the agents of the Seller. Auctioneer Ashlee R. Luna # 17894 is also exclusive agent to seller. Texas Salesperson License # 612856 CONDUCT OF AUCTION: The conduct of the auction and increments of bidding will be at the direction and discretion of the auctioneer. Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the person’s identity, credentials, fitness, etc. All decisions of the auctioneer at the auction are final. CHANGES: Please review auction terms and condtions prior to scheduled auction time close to inspect any changes or additions to the property information. OFFICIAL ANNOUNCEMENTS MADE AT THE AUCTION CLOSE ON AUCTION DAY WILL TAKE PRECEDENCE OVER THE MARKETING MATERIALS AND ANY OTHER PRIOR STATEMENTS. IN THE EVENT OF DISPUTE BUYERS AND SELLERS AGREE TO ABIDE BY AUCTIONEER’S DECISION DURING AUCTION AND THROUGH CLOSING.BUYER TO VERIFY ALL SQ footage and information. PLEASE NOTER: THE 10% BUYERS PREMIUM IS NON-REFUNDALBE IF FOR ANY REASON BUYER FAILS TO CLOSE ON OR BEFORE TUESDAY July 12th WILL FORFEIT BUYERS PREMIUM NO EXCEPTIONS AUCTION TERMS ARE NON NEGOTIABLE --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Currency USD
Buyer Premium 10% Buyers Premium + High Bid
Payment Terms
A NON REFUNDABLE10% Buyers Premium will be added to the highest bid amount. Payable by check with bank letter of gurantee.