Tract 5 of the former Wolf Creek Ranch near Lake Kiowa
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Tract 5 of the former Wolf Creek Ranch near Lake Kiowa

457 County Road 295, Gainesville, Texas 76240 - Cooke County
Auction 119 Acres
Property ID 6449856
Tract 5 of the former Wolf Creek Ranch near Lake Kiowa
457 CR 295 Gainesville Texas
02/16/2019 11:00 AM

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Auction will be held at the ranch at 457 CR 295 in Gainesville, Texas

Formerly known as WOLF CREEK RANCH - 1004 Acre Ranch divided in 11 Tracts, Buy Any Tract, Any Combination of Tract or Buy the Entire 1004 Acre Ranch.

This is Tract 5, 119 Acres of the 11 Tracts that Total 1004 Acres

REAL PROPERTY: Selling the 1004 acre Ranch on sandy loam soil, divided in 11 separate Tracts. Just minutes to I-35, Hwy 377, FM 902, less than half an hour to Denton, Gainesville, Windstar Casino and one hour to Dallas, Fort Worth and DFW Airport.

TRACT 1: 155.5 Acres with a 3 bedroom, 2.5 bath , 2 car garage main house, wrap-a-round porch, manager's house, cattle pens, kennel, all metal barns and 2 stock ponds

TRACT 2: 16.8 Acres

TRACT 3: 25.5 Acres

TRACT 4: 73 Acres

TRACT 5: 119 Acres

TRACT 6: 26.4 Acres

TRACT 7: 151 Acres

TRACT 8: 162 Acres

TRACT 9: 123 Acres

TRACT 10: 115 Acres

TRACT 11: 36.7 Acres

LIVE AUCTION: The real property will be offered for sale in a live, audible auction, conducted by a licensed Auctioneer on Saturday, February 16, 2019 at 11:00am CST. The auction will be conducted on-site, at the home located 457 CR 295 in Gainesville, Texas. On-site registration will begin at 9:00am on the day of the auction. The property will sell "AS IS". It is the sole responsibility of a potential Buyer to inspect and research the property prior to the auction.

REAL ESTATE TERMS: A 10% Buyer's Premium will be added to the high bid attained at auction to constitute the total contract price. The 10% Buyer's Premium will be paid the day of the auction when the contract is executed. The balance will be due at Closing, on or before, Friday, March 29, 2019 at 5:00pm CST. Buyer is responsible to attain his or her own financing prior to closing.

PERSONAL PROPERTY: Selling equipment, furniture, furnishings, artwork, collectibles and tack. Personal Property will sell in a LIVE AUCTION that will not begin before 12:00 Noon or until the Sale of the Real Estate has concluded. Personal Property can be viewed beginning at 9am the day of the Auction, not before that date...NO EXCEPTIONS. The Personal Property WILL NOT be pre-priced or offered for sale prior to the day of the Auction.

OWNER FINANCING AVAILABLE: Seller is willing to offer Owner Financing under certain conditions. Personal Approval by the Seller is REQUIRED PRIOR TO THE AUCTION. Call for details.

PERSONAL PROPERTY TERMS: All purchases must be PAID IN FULL on the day of the Auction. Cash, Cashier's Check or Money Order accepted. Personal or Business Checks are ONLY accepted when accompanied by a "Bank Letter of Guarantee", NO exceptions. NO CREDIT OR DEBIT CARDS!!! 10% Buyer's Premium will apply. (Separate Terms and Conditions for the Personal Property) Personal Property Auction WILL NOT begin before 12:00 Noon

ONLINE BIDDING FOR REAL ESTATE ONLY: If you are unable to attend the live auction held at 457 CR can participate in real-time online bidding that will be available through PROXIBID beginning at 10:30am CST on the day of the auction. Pre-registration with PROXIBID is required.

AGENT INCENTIVE: Real Estate Agents are eligible to receive a 2% commission. Bring your Buyer and co-register the day of the auction. The Real Estate Agent of the successful Buyer will receive a 2% commission of the auction strike price to be paid the day of Closing.

NOTICE: This property will not be pre-priced and will not be sold prior to the date of the Auction. Therefore, as a prospective Buyer, you are guaranteed your opportunity to purchase this property on February 16th.

OPENING BIDS: Tract 1 will have an opening bid of $500,000 for the homes and barn on 154 acres, Tract 2 will have an opening bid of $50,000 and Tracts 3 through 11 will have opening bids of $2500/acre. There are no pre-established opening bids for the Personal Property.

REAL ESTATE PREVIEW: Real Estate my be viewed by appointment only. Call to schedule an appointment.

Contact Tony Langdon at 214.876.5950 for additional information

For updated information on Upcoming Auctions you can also follow Tony Langdon on Twitter, Instagram and Linkedin

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    NOTE: The information contained herein is provided as general information only and has been obtained from sources deemed reliable. It is provided without any guaranty, warranty or representation, expressed or implied, made by Lands of America, or any related entity, as to the accuracy or completeness of the information. The information is presented subject to errors, omissions, change of price or conditions, prior sale or withdrawal without notice. Prospective purchasers should make their own investigations, projections and conclusions concerning the information.