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Texas Portfolio - May 16th, 6 PM - #112
Lot Closed
Auction by Ameribid - Do Not Use
This item is in Laredo, TX
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Tract 1: 26.00 Acres$5,000.00Overview of Texas Portfolio - May 16th, 6 PM - #112
Item Details
Description: Absolute Auction! The property will sell to the highest bidder. Unit 216 of the McPherson Medical Center Condominium Complex. The second story commercial shell is zoned B-3, Community Business District, and includes 2,614+/- sf. Class "A" Complex includes 41-individual units which range is size from 765 to 5,155 sf. Building features include a central atrium, two elevators, sprinklers, and a specialized ventilation system which draws out smoke. Includes a 3.2980% interest in common elements out of LOT 1A BLK 1. The monthly management fees apply .
Inspection #1: Tuesday, May 3rd 1:00 PM - 3:00 PM
Inspection #2: Tuesday, May 10th 1:00 PM - 3:00 PM
Parcel Number(s): 947-13001-216
Address/Directions: 6801 McPherson Road, Unit 216, Laredo, TX 78041. From Jacaman Rd, turn North onto McPherson Ave
Minimum Required Deposit: $10,000
Online Bidder Information: 11% Buyer's Premium applies to online auction purchases. In order to bid, a minimum deposit is required per property. The minimum required deposit must be received, by Valley Land Title Company, by Friday, May 13 @ 5:00pm CST. The minimum required deposit for this property is $10,000. To be eligible, internet bidders must complete the entire online registration process. Cashier’s Check should be payable to Valley Land and Title Company. Wiring instructions available upon request. For a complete version of the terms and conditions, visit www.natcomauctions.com/tx.
*All Information is deemed reliable, but not guaranteed.
Click here for more information.
Inspection #1: Tuesday, May 3rd 1:00 PM - 3:00 PM
Inspection #2: Tuesday, May 10th 1:00 PM - 3:00 PM
Parcel Number(s): 947-13001-216
Address/Directions: 6801 McPherson Road, Unit 216, Laredo, TX 78041. From Jacaman Rd, turn North onto McPherson Ave
Minimum Required Deposit: $10,000
Online Bidder Information: 11% Buyer's Premium applies to online auction purchases. In order to bid, a minimum deposit is required per property. The minimum required deposit must be received, by Valley Land Title Company, by Friday, May 13 @ 5:00pm CST. The minimum required deposit for this property is $10,000. To be eligible, internet bidders must complete the entire online registration process. Cashier’s Check should be payable to Valley Land and Title Company. Wiring instructions available upon request. For a complete version of the terms and conditions, visit www.natcomauctions.com/tx.
*All Information is deemed reliable, but not guaranteed.
Click here for more information.
Payment
Please contact the auction company for payment instructions.
Auction Details
2-DAY BANK OWNED REAL ESTATE AUCTION110 Calle Del Norte, Laredo, TX, 78041Monday, May 16, 2011 | 6:00 PM CDT
Auction House
Terms Of Sale
10% Buyers Premium applies to onsite auction purchases. 11% Buyer's Premium applies to online auction purchases. No representations or warranties, expressed, written or implied by the Seller and/or Auctioneer. All property is being sold "AS-IS, WHERE-IS". Financing is NOT a contingency on any sale. Before bidding, please make sure you have the ability to close on the transaction as provided for the in the Purchase & Sale Agreement. As a requirement for bidding, each bidder must have with them or deposited based on the PSA the minimum required deposit for the property as provided for in the catalog. The minimum required deposit per property ranges from $1,000 to $25,000, depending on the value of the property and must be in the form of a cashier's check, certified check, cash or wired funds to Valley Land Title Company one business day before the start of the auction. If you will be bidding on multiple properties, you will need to have the minimum required deposit for each property. A total 10% deposit is required immediately after the auction. The balance of the 10% deposit, equal to 10% of the total purchase price less the minimum required deposit, shall be paid with a personal check, company check, certified funds, cashier's check or wired funds to Valley Land Title Company. The total 10% deposit becomes non-refundable upon ratification of the Purchase & Sale Agreement. Closing must occur within 30-days of ratification of the Purchase & Sale Agreement by the Seller. If you are the winning bidder and do not close on the sale, you will lose your deposit. Please see the Purchase & Sale Agreement for complete terms and conditions. 1.5% Broker participation offered.