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HOMESITE & DEVELOPMENT LAND AUCTION - 18+/- ACRES OFFERED IN 2 TRACTS IN STILLWATER, OKLAHOMA
Thu, Mar 11, 5:00 PM
West Lakeview Road, Stillwater, Oklahoma



• 18+/- Acres offered in 2 Tracts • Near Lakeview & Country Club Road • Excellent Potential Homesites • Paved Roads • City Water Available • Gorgeous Hilltop Views • New Perimeter Fencing • ONLINE BIDDING AVAILABLE You may bid online during the auction at www.schraderauction.com. You must be registered One Week in Advance of the Auction to bid online. For online bidding information, call Schrader Auction Company at 800-451-2709.


OPEN HOUSE/INSPECTION DATES
Thursday, February 25 from 3:00 - 5:00 pm
Wednesday, March 3 from 3:00 - 5:00 pm
Thursday, March 11 from 12:00 - 2:00 pm

Meet Brent on Tract 1.

PROPERTY LOCATION
West Lakeview Road, Stillwater Oklahoma, 74075

AUCTION LOCATION
Held at Meditations, 1205 N. Country Club Road, Stillwater, Oklahoma 74075

PROPERTY DESCRIPTION
EXCELLENT OPPORTUNITY to purchase a country homesite just outside of Stillwater city limits! This 18+/- acre property will be offered in two tracts of 5+/- and 13+/- acres, both of which have access to Lakeview Road and are located just west of the intersection of Lakeview and Country Club Roads. The property also has excellent development potential for the investment minded Buyer. Buyers may submit bids on either individual tract or the entire property!

TRACT DESCRIPTIONS
Tract 1: 5± ac located on Lakeview Road with an outstanding view of the surrounding landscape. This is an excellent potential building site, with easy access!
Tract 2: 13± ac with access to Lakeview Road, the larger acreage of this tract also comes with privacy and seclusion! Beautiful tract that is easy to access with a newly graded roadbed already in place from the current owner.


TRACT MAP(S)



AREA MAP(S)



PROCEDURE: Tracts 1 through 2 will be offered in individual tracts or as a total unit. There will be open bidding on all tracts and the total property during the auctions as determined by the Auctioneer. Bids on tracts and the total property may compete. The property will be sold in the manner resulting in the highest total sale price.

BUYERS PREMIUM: The contract purchase price will include a Buyers Premium equal to 4% of the bid amount.

DOWN PAYMENT: 10% of the total contract purchase price will be due as a down payment on the day of auction, with the balance due in cash at closing. The down payment may be made in the form of cashiers check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.

APPROVAL OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. The auction bids are subject to the acceptance or rejection by the Seller.

DEED: Seller shall be obligated only to convey a merchantable title by Warranty Deed.

EVIDENCE OF TITLE: Seller agrees to make available to bidder a preliminary title insurance commitment to review prior to auction. The cost of title insurance, if the buyer(s) elects to purchase the title insurance policy, will be the responsibility of the buyer(s). Seller agrees to provide merchantable title to the property subject to matters of record, general conditions of title, and similar related matters. All tracts sold AS-IS.

CLOSING: The closing shall take place 45 days after the auction or as soon thereafter as applicable closing documents are completed by Seller.

POSSESSION: Possession shall be at closing.

REAL ESTATE TAXES: Real Estate taxes shall be prorated to the date of closing.

MINERALS: Seller specifically excepts and reserves all minerals, including without limitation, oil, gas, coal, coalbed methane, and all other hydrocarbons, lignite, and all metallic minerals, etc., if any, associated with the referenced real estate, and the term Property will not include any mineral rights.

ACREAGE AND TRACTS: All acreages are approximate and have been estimated based on current legal descriptions, surveys, property tax records and/or aerial photos. Any corrections, additions, or deletions will be made known prior to the auction.

AGENCY: Schrader Real Estate and Auction Company, Inc. and their representatives are exclusive agents of the Seller.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

NEW DATE, CORRECTIONS AND CHANGES: Please arrive prior to scheduled auction time and regularly visit www.schraderauction.com to inspect any changes or additions to the property information.