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Gainesville, TX - Line Drive
Why Buy This Property
LOCATION: The property is located in an established neighborhood southeast Gainesville, Texas with easy access to I-35 and State Highway 82. Several national corporations operate manufacturing plants in the Gainesville area. Gainesville offers shopping, employment opportunities, and recreation facilities. Denton is approximately 35 miles south of the property, with primary access provided via I-35.
Description
SINGLE FAMILY HOME - 1,777 SF, brick home with 3 Bedrooms, 1-1/2 Baths, covered porch, fenced backyard, 2 car garage converted to a single car garage with shop.
More photos coming next week!
Lot Size: 9,300 SF
Utilities: Electric, Water, Sewer
Year Built: 1956
Assessor's Parcel Number: 9342
Taxes: $1,101
Property Location
Auction / Date / Time
June 22, 2021 Auction Closes at 12:00 p.m. Local Time
Property Video
Virtual Reality Tour
Click on the image below to experience a fully immersive 3D virtual reality tour of this property.
Offering Strategy
To be Sold Subject to a Minimum Bid of $75,000 - This property will be sold subject to the published minimum bid and the Terms of Sale. This is an online auction event. Bidders are encouraged to ask questions in advance.
Proof of funds is required to bid no later than 24 hours prior to the auction. The winning bidder must make a 10% earnest money deposit by 2:00 p.m. on the first business day following the auction with Gainesville Title Company. Closing will be approximately 30 days following the auction. See Bidder's Information Packet for more details.
Inspection Dates
ADDITIONAL INSPECTION DATES ADDED: June 12, 19, 21 - from 10:00 a.m. – 12:00 p.m. SHARP!
On these dates representatives of the auction company will provide access to the property and be available to answer questions.
An acceptable form of government-issued photo identification is required by all persons attending any and all property viewings.
Details
Certified Funds To Bid : Proof of funds is required to bid. Immediately upon winning the bid the winning bidder will deposit 10% of the Total Purchase Price with Escrow Agent
ON-LINE BIDDING INFORMATION & REGISRATION
REGISTERING TO BID IS NOT REQUIRED TO INSPECT THE PROPERTY. PLEASE REGISTER TO BID WHEN YOU ARE READY TO REVIEW THE BIDDING DOCUMENTS, PROVIDE YOUR PROOF OF FUNDS.
BIDDER REGISTRATION: REQUIREMENTS TO BID ONLINE:
This is an online auction. To register and participate in the auction each bidder must follow the procedures below:
(1) Register by clicking on the “register to bid button” on the property page at www.fineandcompany.com
(2) Once you have registered on the website, the Auctioneer will email the bidder a Bidder’s Information Packet which includes the Auction Bidder’s Affidavit and Auction Purchase and Sale Agreement
(3) You will then email us proof of funds of no less than $10,000 from a bank or credit union account,
(4) Then the Auctioneer will send you via DocuSign the Auction Bidder’s Affidavit and Auction Purchase and Sale Agreement to complete and sign online with electronic signatures. Both of these documents are provided in the Bidder’s Information Packet.
(5) You will also email the Auctioneer a copy of your driver’s license. Once the documents are received and reviewed, approved bidders will be sent an approval and bidder’s number and will then be able to place bids either through the button on the property information page for this property or by using the Fine and Company App which is available from the Apple Store or Google Play Store free of charge. See Bidder’s Information Packet or contact us for more information. All documents must be received no later than 9:00 a.m. Central Time (CST) on the day of the Auction. The Bidder’s Online Bidding Affidavit certifies the winning bidder authorizes the Auctioneer to fill in the purchase price and calculate the earnest money in the winning bidder’s Purchase and Sale Agreement following winning the bid.
This will be bid in an online-only auction. Bidders can bid either by logging in using their computer or by downloading the Fine and Company app from either the Apple Store or the Google Store and then bid from a smartphone or tablet. Bidding procedures are included in the Offering Memorandum and Bidder's Information Packet. Please contact us at 312-278-0600 Ext. 101 for more information. Online Bidding Registration is open. Click on the link to REGISTER TO BID on the property page of our website. Once you register online we will send you an email requesting proof of funds and a copy of your driver's license. Once those items are received we will authorize you to start bidding. All bidders are encouraged to register in advance of auction day.
A Bidder's Information Packet is required to bid. The packet includes auction and property information, real estate tax bill, local information, auction purchase and sale agreement, and terms of sale.
Contact Us
Fine & Company LLC
Renee Jones, CAI, AARE
713-780-2800
rjones@fineandcompany.com
Resources
We recommend our strategic partner National Property Solutions for appraisal and auction services for the monetization of business, corporate or personal assets across a broad list of asset categories in states from coast to coast.
National Property Solutionsis a national leader in the industrial, business, and inventory auction monetization industry providing full service accelerated marketing, auction and appraisal services across dozens of industries throughout North America for public and private corporations, individual owners, and financial institutions. In addition, our extensive network of operational support staff established regional offices, we are committed to working side by side with other auction firms and professionals to ensure success through our partnership services. National Property Solutions also acts as Court Appointed Receiver for real and personal property.
Other Information
Broker Participation : Buyer's Agent participation is invited!
A 2% referral fee will be paid to th REALTOR®/Broker whose registered buyer closes on this property. Please refer to the Buyer Broker registration requirements in the Terms of Sale. Seller has provided a variable commission rate.
Licensing : Fine & Company LLC, Licensed TX Broker, Renee Y. Jones Licensed TX Auctioneer
Terms Of Sale : This auction is being conducted subject to the Terms of Sale and Purchase and Sales Agreement contained in the Bidder's Information Packet.
Disclaimer : The Seller, Broker, and Auctioneer and their agents assume no liability for inaccuracies, errors, or omissions in the auction marketing materials, including the Bidder's Information Packet. All square footage, dimensions, real estate taxes, and common area fees, if any, are approximate. All materials are subject to inspection and verification by all parties relying on them. This offering is subject to prior sale and may be withdrawn, modified, or cancelled without notice at any time. This is not a solicitation or offering to residents of any state where this offering is prohibited by law.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap status, familial status or national origin or any other classes under state or local law or intention to make any such preference, limitation, or discrimination.