Bankruptcy Auction – 16+ ACs Premier Dvlp Land- Houston, TX
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Bankruptcy Auction – Premier Development Land- Houston, TX
Auction Date & Time:
Bidding ends September 15th
at 3:00pm ET
Property Location:
10444 Rosecroft Drive
Houston, Texas 77048
Auction Location:
www.tranzon.com
Bankruptcy Auction! Ordered by the U.S. Bankruptcy Court, Southern District of Texas. 16.89 AC’s of undeveloped land near South Acres. Residential and Commercial Development Opportunity. Bids are subject to the approval of the Bankruptcy Trustee and the U.S. Bankruptcy Court.
DON’T MISS THIS OPPORTUNITY TO BUY UNDER MARKET VALUE!!!
• 16.89 AC’s or 735,593 SF +|- of land
• Access to the property is off of Webercrest Rd.
• Approx. 530’ Road frontage on Webercrest Rd.
• Zoning: None
• Topography: Grade level
• Utilities:
o Electricity: On Site10
o Water/Sewer: City Water/Sewer
• Flood Hazard: X500
• Market Area: Property is located in the Southeast and South Acres area of Houston.
• Close proximity to 610 Loop, Sam Houston Tollway, I-45 & Hwy 288
Auction Summary of Terms of Sale: All property is sold in “As-Is and Where-Is” condition. A ten percent (10%) buyer’s premium for the real estate will be added to the high bid. The total sale price of the property shall be comprised of the high bid plus the buyer’s premium. The high bidder shall execute a purchase agreement immediately following the auction and will provide a non-refundable earnest money deposit of ten percent (10%) of the total sale price (high bid + buyer’s premium) by certified funds at the time of purchase contract acknowledgment. The balance of the purchase price will be due at closing within the specified time frame in the purchase agreement. Seller will transfer ownership of property by Trustee’s Deed or similar instrument. Other terms apply.
Cooperating Broker’s Fee: Tranzon Asset Advisors is offering 2% to properly registered brokers. See Broker Acknowledgement Form.
Property #: TAA2016
Kelly Toney
Tranzon Asset Advisors 888-791-7307 ext. 88
www.tranzon.com ktoney@tranzon.com
Tranzon Asset Advisors of Texas, LLC #9008058, Kelly D. Toney, TX Auctioneer #11818
U.S Bankruptcy Court, the Southern District of Texas, Houston Division, Case No. 19-36737
Residential, Hunting & Farm Land
$650,000
Exceptional 155 acre +/- property located adjacent to Seneca, SD. This unique property includes a 2007 Morton building (48x60x18) that has approximately 948 of living area. Living area has 2 bedrooms with each having their own bathroom, kitchen/dining/sitting area, large bathroom/laundry room, hickory cabinets, Geo-thermal heating and cooling, additional in-floor heat in bedrooms & kitchen. Shop area has two overhead doors (14h x 18w & 14h x 11w), large counter top w/ cabinets, Geo-Thermal & auxiliary Reznor propane heater, floor drain and overhead storage room. Quonset (60 x 32) has concrete floor and includes a large steel storage rack. 139.3 Acres of FSA cropland acres w/ balance building site and trees. Great opportunity for year round living or a hunting headquarters!
Thorpe Realty & Auction - Jim Thorpe Broker
