Residential Lot 14 Twin Forks Subdivision

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Lot #14Residential Lot 14 Twin Forks Subdivision

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Lot closed - Winning bid:$51,000 (26 bids)

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Lot Info
Description:

- 10.47 acres

- Residential subdivision

- Owner Financing

- No credit check

- 10% Down payment

- 60 Monthly payments

Twin Forks Subdivision - Restrictions
1. There shall be no use of the property except for single family purposes.
2. No mobile home, trailer house, pre-fabricated home, modular pre-fabricated mobile home, metal shop, barn, travel trailer or tent shall be used as a residence either permanently or temporarily on the property
3. The minimum floor area of the main structure of the single family residence measured to the outside of exterior walls, exclusive of garages, open porches, patios and detached accessory buildings, shall not be less than 2,000 square feet for one story dwellings, and 1,600 square feet for split level and multi-level dwellings, such combined footage to be no less than 2,000 square feet.
4. At least 75% of the exterior walls of any single family residence shall be constructed of brick or stucco.
5. Dogs, cats or other household pets may be kept on the premises providing they are not kept, bred or maintained for any commercial purpose. Per 10 acres owned, only 4 hoofed animals per kind per household such as horse, cow, sheep, or goat and only 2 pigs per household, and only 10 feathered animals per household, provided that such animal is not kept, bred or maintained for any commercial purpose; all persons keeping livestock on the premises shall be obligated to comply fully with the provisions of the stock laws in force in the State of Texas and to provide good and sufficient fences to meet the requirements of such stock.
6. No junkyard and storage place for wrecked or junked automobiles or used automobile parts may be maintained on any part of the property nor shall any part of the property be used or maintained as a dumping ground for rubbish, trash or junk. Any rubbish, trash or garbage or other waste generated through the use of the property as a single family residence shall be kept in sanitary containers.
7. No individual water supply system and no individual sewage disposal system shall be permitted on the property unless such systems are designed, located and constructed in accordance with requirements and standards of the State of Texas. All individual sewage disposal systems shall be of the septic tank variety and no privy or cesspool shall be permitted to exist on any of the above described property. No individual water supply system or sewage disposal system shall be placed or maintained within 100 feet of the property lines.
8. There shall be only (1) residence per 10 acres.
9. The property must be kept in the condition to keep the land from eroding by either wind or water. The property must be kept weed control led so that seed will not be spread further.
10. No portion of the residential structure, shops or barns may be situated more than one hundred (100) feet from any adjoining lot. The spacing restrictions contained herein shall not apply to sidewalks, curbs and driveways.
11. No business shall be openly transacted on any of the property, including but not limited to signage, stacking of equipment with the exception of the occasional farm equipment
12. All animals, including pets, must be kept on the owner's property. If any animal or pet trespasses and causes damage to the neighbor, the owner of the animal or pet is responsible to pay all damages.
13. These restrictions and covenants are hereby declared to be covenants running with the land shall be fully binding upon all persons acquiring property whether by descent, devise, purchase or otherwise and any person by the acceptance of title to the property shall thereby agree and covenant to abide by and fully perform the foregoing restrictions and covenants.
14. If any person or persons shall violate or attempt to violate any of the restrictions and covenants herein it shall be lawful for any person or persons owning any portion of the property to prosecute proceedings at law or in equity against the person violating or attempting to violate any such restrictions and covenants, either to prevent him or them from doing so or to correct such violation or to recover damages or other relief for such violation. Invalidation of any one or any part of these restrictions by judgment or court order shall in nowise affect any of the other provisions or parts of the provisions which shall remain in full force and effect
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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)

Lot #14Residential Lot 14 Twin Forks Subdivision

Auction Terms & Conditions

General Information

Inspections

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

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

Closing

Default

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)