Tanglewood Home on Water - Assiter Real Estate Auction
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Tanglewood Home on Water
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Tanglewood Home on the WATER!
Open House Dates:     2 pm to 4 pm on Sunday May 12 & May 26
Tanglewood Home on Water

One of a kind home with lake views on Lake Tanglewood! Located on the main lake area in the slow zone. 4BR, 3BA, 2CAR home. The Great Room features circular wood beamed ceiling. Open floor plan makes for easy entertaining. Sunroom with a wall of windows to enjoy the sunrises and sunsets and all the on lake activities and fun. Two master suites. Upstairs master suite has a private balcony. Large laundry area. Boat dock large enough to fit a pontoon with an extra swimming dock. All of these amenities are on a large .48AC lot. Storm shelter in the garage. Class 4 Roof. 2 storage rooms off the back of the house perfect for storing fishing gear/lake toys! Circle driveway. Private neighborhood features: 18 hole golf course, church, library, restaurant, wildlife and much more!

Sells subject to Owner Confirmation
Opening Bid: $100,000
Bedrooms: 4
Bathrooms: 3
Garage: 2 Car Attached
Square Foot ±: 2794
Lot Size ±: 0.48
Amenities: Lake Views , Gated Community
Year Built: 1965
Neighborhood: Lake Tanglewood 4154
HOA: Lake Tanglewood Homeowners
County: Randall
Being Sold "AS-IS WHERE-IS" .
Ryan Rickles
(806) 584-8954
Buyer Fees
Sales Tax: 0%
Buyer's Premium: 10% Bidding

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.

Bid Increments
Bid Increment: $500.00
Terms and Conditions


Closing is on or before July 22, 2024 

There will be a 10% buyer's premium ($2,500 minimum) added to the winning bid to calculate the contract price. 


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. 


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.


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. 


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.


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.