Meadow Vista Residential Lot Number 7

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Lot #7Meadow Vista Residential Lot Number 7

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Lot closed - Winning bid:$38,500 (25 bids)

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Lot Info
Description:

Meadow Vista Residential Lot Number 7

2.61 Ac +/- 450 x 237.14', Electricity Owner Financing Available
1. Mobile homes shall be permitted if they are no more than 20 years old when installed and are underskirted. Residential structures that are erected or placed on a lot must be of new materials. No more than two (2) dwellings, whether built-on-site, new material move-in, or mobile homes, may be located upon any lot
1. No mobile home park or cabin rental business shall be allowed on any lot. No noxious or offensive trade or activity, including but not limited to cattle feed lots, slaughter houses, holding pens, drive-in theaters, nightclub, bar, private club, wrecking yards, salvage yards, hog raising or similar type of businesses shall be carried on or located on a lot, nor shall anything be done thereon which may be or become a nuisance or annoyance to the neighborhood. No junk yard or storage place for abandoned junked or wrecked automobiles or used automobile parts may be maintained on any of said lots. The property shall not be used or maintained as dumping ground for rubbish, trash, garbage or other waste.
2. No portion of any residential structure may be situated closer than 80 feet from the property line that establishes the right of way for County Road 402 for Lots 1-15 and 80 feet from the property line facing any other roads for the remainder of the lots and Lots 11 and 12. The spacing restrictions contained herein shall not apply to sidewalks, curbs, fences, and driveways.
3. No further subdivision shall be made of a lot.
4. No lot shall be used for ingress and egress purposes to or from a tract of land located outside of Lots 1-42 of the subdivision of Meadow Vista.
5. All lots using any roads within the subdivision of Meadow Vista for ingress and egress purposes shall be responsible for maintaining said roads and shall equally pay expenses required for said maintenances.
6. A residence built on the property shall not be occupied until a septic system is in place and in working order. No individual water supply and no individual sewage disposal system shall be permitted on the above-described property unless such systems are designed, located and constructed in accordance with requirements and standards of laws of the State of Texas. All individual sewage disposal systems shall be of the septic tank variety. No privy or cesspools shall be permitted to exist on the property.
7. Restrictions set forth in this instrument may be amended by duly recording an instrument executed and acknowledged by the then owners of parcels comprising not less than 80 percent of Lots 1-42 of the subdivision of Meadow Vista.
8. No owner of a lot may sell water or caliche from said lot.
9. If the parties, hereto, or any of them, or their heirs or assigns, shall violate or attempt to violate any of the covenants herein, it shall be lawful for any other person or persons owning any real property situated in Lots 1-42 of the subdivision of Meadow Vista to prosecute any proceedings at law or in equity against the persons violating or attempting to violate any such covenants, and either to prevent him or them from so doing so or to recover damages for such violation.
10. Invalidation of any of these covenants by judgment or court order shall in no way affect any other provision, which shall remain in full force and effect.
11. The covenants, conditions, and restrictions of this declaration shall run with and bind the land.
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Terms and conditions

Auction Terms & Conditions

General Information

The real estate will be sold as described the day of live auction to the highest bidder subject to acceptance of the seller(s). The property is being sold in “AS IS, WHERE IS CONDITION” without contingencies of any nature. Only properly registered bidders will be eligible to bid at this Real Estate Auction.

Inspections

It is the bidders’ responsibility to inspect the property and to perform their own due diligence. The seller and auctioneer assume that bidders have inspected the property and performed their own due diligence prior to bidding and that each high bidder is acquiring the property based solely on his or her own independent investigations and inspections and not in reliance on any information provided by seller, auctioneer, any of their employees, officers, directors, agents or contractors, subagents or subcontractors. It is also understood that neither the seller nor auctioneer have made any agreement to alter, repair or improve the property and it sells “as is, where is”, with no warranties or representations whatsoever, expressed or implied, including, without limitation, as to condition, fitness for any particular purpose or merchantability, compliance with government laws, ordinances or regulations. Although information provided herein and in amended/supplemental materials has been obtained from sources deemed reliable, information has not been verified by the auctioneer. If a survey is required, it shall be at the buyer’s expense.

The seller and auctioneer, their representatives, agents, or subagents, assume no liability for errors or omissions in this property listing in advertising, promotional or publicity statements and material. The auctioneer, their representatives, agents, or subagents, make no guarantee as to the accuracy of the information herein contained or in any other property listings in advertising, promotional or publicity statements and material. Neither the seller nor the auctioneer has any obligation to update this information. Neither auctioneer, their agents or subagents, assume any liability whatsoever for any oral or written representation, warranties or agreements relating to the real estate (including information appearing in any brochure or announcements at the time of auction) except as expressly set forth in the auction real estate purchase contract. Buyer also agrees that if they have the second highest bid, they will immediately sign the back up bidder agreement, if requested, and comply with terms of said agreement in their entirety.

NOTE: Announcements made at the beginning of the live auction event take precedence over all printed material, advertising, promotional/publicity statements, offering statements (as amended and supplemented) and auction marketing materials.

Bidder Requirements

All auction attendees for this real estate auction will be required to complete the bidder registration form or real estate auction guest form approved by auctioneer, in their entirety.

High Bidder Requirements

Immediately upon close of bidding for the real estate, the high bidder, upon request, shall be required to execute the buyer purchase agreement indicating the high bid amount, buyers premium amount, and total contract price along with bidder identification. After final purchase(s) have been made, buyer shall tender the required deposit made payable to the seller of the real estate. Failure to do so shall the give seller and the auctioneer the right to nullify such bid and reopen the bidding on said property. If the high bidder to whom a property has been declared “sold” fails to perform as agreed to in the terms and conditions of this auction, any deposit shall be forfeited to seller and auctioneer by the high bidder as liquidated damages and seller may resell the property free and clear of any liability or claims by such high bidder.

Buyers Premium

A buyers premium of 10% of the high bid will be added to the accepted high bid to determine the total contract purchase price of the real estate unless announced otherwise the day of live auction.

Broker Participation

If bidder is currently licensed as a Real Estate Broker or Agent, they hereby agree and acknowledge that unless they have completed and can provide evidence of a properly executed and accepted broker participation form regarding this auction, no broker participation fees or commissions of any nature will be applicable.

Closing

The successful bidder must sign applicable purchase contracts immediately upon close of bidding and acceptance of winning bid on the purchased property. The closing shall occur on or before the date indicated and agreed upon in the real estate purchase and sale agreement pursuant to the property described herein. Place of closing shall be determined by seller.

Default

Should buyer(s) not close on or before the disclosed date indicated in the real estate purchase and sale agreement, any down payment deposit in total shall immediately be forfeited by buyer(s) without recourse or liability and said amount shall become payable to Auctioneer as liquidated damages. Said buyer(s) default forfeiture of deposit shall become payable as indicated herein within 24 hours after said default without buyer(s) recourse or liability of any nature to Auctioneer and Seller.

Conveyance

This property will be conveyed by a general warranty deed clear of all liens and encumbrances. All customary title related expenses including title insurance, title search and title recording fees shall be assessed according to established closing company policy.

Possession

Possession of the property shall be granted to buyer(s) at conclusion of closing unless agreed to otherwise in writing by seller and buyer(s)