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Property Type: Land Status:   Closed
   Sonoma Ridge, Magnolia, Texas  77355 Auction ID : 100624   
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Sonoma Ridge Round #2

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Current Bid: 13,500 USD
Start Bid: 5,000 USD
# Bids: 20 [ view history: ]
Location: Sonoma Ridge
Magnolia, Texas  77355
Time Left: Closed
Start Time: Jul. 28, 2010 18:30:00
End Time : Aug. 11, 2010 18:30:00
Winner(s) 13,500 USD - briano
Description

Sonoma Ridge Round #2!!! Coleman & Patterson is pleased to offer quality acreage residential lots located in the Sonoma Ridge subdivision near Tomball, TX. The properties that remain available include:

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Block 1 Lot 7 is 1.00 acre lot at 23626 Napa View Valley Dr.

Block 1 Lot 18 is 1.01 acre lot at 23611 Sonoma Valley Dr.

Block 1 Lot 22 is 1.01 acre lot at 23711 Sonoma Valley Dr.

Block 1 Lot 30 is 1.00 acre lot at 23710 Sonoma Valley Dr.

The lots will be sold via the Choice Auction Method. This means the remaining lots will be available individually, in combination, or as a whole to the winning bidder.

How it Works?

Bids shall be made as though “Only 1” Lot is available. The winning bidder must then select one of the following choices….

· Choose lot of preference (Price = High Bid + Buyers Premium)

· Choose any combination (Price = # of lots x High Bid + Buyers Premium)

· Select Remaining Lots (Price = # Remaining x High Bid + Buyers Premium)

EXAMPLE: John Doe is the winning bidder @ $30,000 and chooses the combination of Block 1 Lot 30 & Block 1 Lot 7. John will pay $30,000 x 2 = $60,000 + 10% Buyers Premium for a total contract price of $66,000.

If one or more lots are not selected by the winning bidder, the remaining property will be re-offered under the same terms and conditions.

Call or email Tom @ 979-571-2125 or tom@colemanandpatterson.com with questions.

Thanks and good luck with your bidding.

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Sonoma Ridge Round #2
Address Information
Street Address Sonoma Ridge
City Magnolia
State/Province Texas
Zip/Post Code 77355
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Property Information
Purpose of Sale Foreclosure

Bedrooms -

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Lot Size 1 Acre Lots

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Auction Basics

Buyer's Responsibilities

  1. 10% BUYERS PREMIUM or $1,500 (Whichever is greater) = Additional fee added to the final bid amount to equal the total contract price.
  2. $2,500 EARNEST MONEY - Deposit to be paid by cashiers check within 24 hours from auction end date.
  3. CLOSE IN 30 DAYS or risk loss of earnest money deposit.
  4. NOT CONTINGENT UPON FINANCING - have financial arrangements made before bidding.
  5. AS-IS/WHERE-IS - buyer assumes full responsibility as to condition and suitability.
  6. ALL PLACED BIDS will be held accountable for 7 business days from auction end date for sellers approval.
  7. DEFAULTING and/or fraudulent bidders are responsible for auction commissions plus collection and/or atty fees and will be reported to authorities.

Buyers Rewards

  1. SELLER PAID TITLE POLICY
  2. NO BACK TAXES
  3. NO LIENS
  4. NO ENCUMBRANCES
  5. HIGHLY MOTIVATED SELLER
  6. AUCTION EXTENDS IF BID PLACED IN FINAL 10 MINUTES

This is only a summary. Please review the "Auction Sales Contract" and the complete "Terms & Conditions" below. Please contact our office with any questions prior to placing bids.

Auction Sales Contract Auction Sales Contract

Terms and Conditions Terms and Conditions

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