Oversized On-Water Lot in Lake Tanglewood! House is in need of major repair including roof , interior mold, and items that Lake Tanglewood will not pass at time of sale. Those known items are the boat dock and boat, the septic system, a buried gas tank, etc. We are working closely with the HOA to get clarity on what must be done on these items. ALL OF THESE ITEMS WILL BE AT THE BUYERS COST!! We are also working with the HOA on a variance in case the new owner want to tear down the existing home and build new. *PLEASE LOOK AT REQUIREMENTS PAGE IN DOCUMENTS!!
Opening Bid: $50,000
Bedrooms: 4
Bathrooms: 3
Square Foot ±: 4963
Lot Size ±: 3.45
Year Built: 1975
Neighborhood: Lake Tanglewood 4154
HOA: Lake Tanglewood Homeowners
County: Randall
Being Sold "AS-IS WHERE-IS" .
A buyer's premium is a percentage of the high bid that will be added to the high bid and become part of the purchase amount at settlement.
CLOSING DATE:
Closing is on or before December 29, 2023
BUYER’S PREMIUM:
There will be a 10% buyer's premium ($2,500 minimum) added to the winning bid to calculate the contract price.
TERMS:
An Earnest Money Deposit of 10% ($2,500 minimum) of the contract price is due immediately after the Auction by personal or company check for onsite bidders and by wire transfer for online bidders. The Real Estate Taxes will be prorated through the date of closing. The property is being sold "AS IS" and is NOT subject to financing, inspection or appraisal. Personal Property is not included in the auction.
ONLINE BIDDER CONTRACTS:
Contract Packages will be sent by e-mail to the successful high bidder at the end of the auction. Successful high bidder must execute, and fax, email or hand deliver the package back to Assiter Auctioneers within 24 hours of receipt. Successful high bidders not executing and returning their contract with earnest money deposit within 24 hours of receipt will be considered in default and subject to an Administrative Fee.
DISCLAIMER:
All information contained herein is believed to be correct to the best of the auctioneer's knowledge. The information is being furnished to bidders for the bidder's convenience and it is the responsibility of the bidders to determine that information contained herein is accurate and complete. Any reliance on the contents shall be solely at the recipient’s risk. Bidders must conduct and rely solely upon their own investigations and inspections. The property is being sold "AS IS" with any and all faults. Please review all information supplied and seek appropriate assistance prior to bidding.
AGENCY DISCLOSURE:
In all transactions, Assiter & Associates, LLC, Tommy R. Assiter II, Ryan Rickles, Lindsey Rickles and Lila Monden are acting as agents for the seller, not as buyer's agent.
ADDITIONAL AUCTION TERMS:
Assiter & Associates, LLC dba Assiter Auctioneers fully supports the principles of the Fair Housing Act and Equal Opportunity Act. Assiter Auctioneers reserves the right to remove or cancel the bids and or bidding rights and privileges of any party at any time deemed not to be in the best interest of the seller. All items are subject to prior sale or removal from the auction.