Real Estate > Commercial > Retail > # 953496

511 Llano Street Coleman Texas, Downtown -Zoned Light Commercial

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Seller Name:	ceceryan
Rating:	Not yet rated
Location:	511 Llano Street Coleman, TX 76834 United States

Number of Bids:	0
It is the floor at which bidding begins. Our system cannot accept a bid lower than the minimum bid amount. Minimum Bid:	$5,000
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It is the minimum dollar amount a Seller is willing to accept for an auction. This amount is not disclosed on the Web site, but bidders are notified once the reserve price has been met. Auctions with no reserve price are labeled as "No Reserve" on the auction listing. Reserve:	Not Met!
Status:	Closed
Auction Started:	05-28-20 04:00 PM ET
Auction Closed:	06-14-20 03:15 PM ET
Bid Increment:	$5,000
It is an extension of the auction close time and keeps an auction open as long as there is active bidding. It occurs automatically when a bid is placed within the last few minutes of an auction. The auction will remain open until an entire overtime increment has passed without any bidding. The overtime increment is indicated on the auction listing. Overtime Period:	5 minutes
Source:	Private Auction
Deposit Required:	$0
This fee is added to the winning bid amount and covers the costs associated with the auction. The buyer's premium percentage is indicated on the auction listing and displayed during the bid process. See the Settlement Requirements section of the auction for more details on the Buyer's Premium. Buyer's Premium:	10.0%
Page Views:	541

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Asset Information

Item Specifics - Commercial Properties

Commercial Properties
Address	511 Llano Street Coleman, TX 76834 United States
Lot Size	7500
Property Type	Retail, Office
Annual Taxes	$254.00
Zoning	Light Commercial
Parking	Driveway
Property Condition	Good
Occupancy	Vacant

Asset Due Diligence Browser

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Asset Description

Buyer Premium Information

This auction requires that the winning bidder pay a Buyer's Premium of 10.00% of the winning bid amount. (The Buyer's Premium covers the costs associated with the auction).

This amount will be added to the winning bid and will be included in the total purchase price paid by the Buyer to the Seller.

Payment Type

Third-Party Settlement Agent: Unknown

Private Settlement Agent Terms

Escrow and deed preparation and recording to be handled by Standard Title Agency & Kris Law, who will be emailing buyer within 24 hours of auction's close. Buyer to pay a closing fee of $500 plus recording fees and transfer taxes. Buyer has 4 business days from auction's close to fully fund escrow for balance due or else may be declared in default.

PLEASE READ CAREFULLY- Bid4Assets Real Estate Buyer Responsibilities

Some sellers buy large "pools" of under-valued properties from banks. The seller may not inspect every property prior to sale. The seller represents these properties to the best of their knowledge. In some rare cases, property may have severe damage or be subject to county/city orders not described in the auction. It is highly recommended that interested bidders arrange for an external inspection personally or through a designate and that they contact the county or city in which the property is located to confirm the status of the property.

Bid4Assets reminds all potential real estate bidders that it is your responsibility to complete all due diligence needed to determine the condition, market value, or investment value of this asset prior to placing a bid. Necessary due diligence items may include, but are not limited to,

A satisfactory inspection of the property
Completion of a title search
Investigating back property taxes and
Other - liens and encumbrances such as unpaid utility bills.

By placing a bid, you acknowledge that any statements made by the seller about the condition or market value of the property are subjective, and do not release you from your responsibility to perform due diligence. Please contact Bid4Assets if you believe that a seller is intentionally misrepresenting a property in their auction.