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844-465-SOLD (7653)

29.5 Acres with home minutes outside Stephenville Auction

Erath County, Texas
04-16-2021 8:00 AM

29.5 Acres with home minutes outside Stephenville

Auction Location

ONLINE ONLY at AllianceAuctioneers.com

Date: 04-16-2021
Bidding Starts: 8:00 AM

Buyer's Premium: 5%

12233 W FM 8
Stephenville, TX 76401
Bidding Online Only, Acreage

Bid Online

Directions to Farm

From Stephenville at FM 8 and NW Loop intersection proceed Northwest on FM 8 5.1 miles to the property gate on the left. From Lingelville at the FM 8 & FM 219 Intersection proceed Southeast toward Stephenville 3.3 miles to property gate on the right.

Auction Details

Offered to the public for the first time in over four decades! Everyone will get the opportunity to own this fabulous property. Online Only Auction bidding begins Friday, April 16th at 8AM and ends Monday, April 19th at 6PM or thereafter with extended bidding.

Property Details

It’s a rare opportunity when 30 acres so conveniently located, with such natural character comes available in Erath County, when it does everyone should have the opportunity to buy it. The Whitis Dairy has been in the family for 40 years and this marks the first time it has been offered to the public in over four decades. Tom and Joyce Whitis were well known and loved in Erath County and left their mark in the area and the dairy industry from atop this hill along FM 8.

The property offers a 3/1/2 home situated atop the hill overlooking the farm. The home has been delightfully remodeled in recent years. The 12 stall dairy barn is still in use to this day by a longtime lessee. The land is gently rolling with 5-20 percent slopes and offering a fine loamy soil, perfect for grazing or hay production.

The property offers 4/10ths of a mile of paved FM 8 frontage that runs from Lingleville and Stephenville. Situated in the regarded Lingelville School District, this property will offer the new owners plenty of opportunity and memories.

Agent Comments

This truly is a rare opportunity to buy a great 30 acre property with a great location. Few properties this size come available between Stephenville and Lingleville.

Home Description

3/1/2, 1,008sf home sits atop the hill overlooking the farm. The home was nicely remodeled in recent years. Current lease runs out June 30th, tenants may have an interest in renewing the lease should new owner offer.

Building Description

ESTIMATED SIZES OF OUTBUILDINGS:

Dairy Barn: 30’ x 55’ (CAD 1,206sf);Holding Pen: 22’ x 85’ (CAD 2,275sf); Commodity Barn: 40’ x 50’ (CAD 2,000sf);Equipment Barn: 30’ x 45’ (CAD 1,350sf)

 

Legal Description

29.58 ACRES OUT OF THE A HENSON SURVEY, A-332, ERATH COUNTY, TEXAS

Possession

At closing and funding

Closing

On or before May 18th, 2021

Mineral Rights

All owned by the seller, if any, will transfer with sale of property

Soil Productivity

This property offers two types of soil: 1) Windthorst Fine Sandy Loam (63.6% of the land) with 3 to 8% slopes which is capable of limited farming to intense grazing practices. 2) Purve-Dugout-Malotorre Complex (36.4% of the land) offering up to 20% slopes producing a greater landscape with limited grazing.

Taxes

$1807 with Exemptions

Earnest Money

5% of the contract price (High bid plus 5% Buyer’s Premium) due at time of signing.

Farm Lease

Oral lease has been in place for 16 years. New owner can extend lease or terminate it by June 30th, 2021

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29.5 Acres with home minutes outside Stephenville

Auction Location

ONLINE ONLY at AllianceAuctioneers.com

Date: 04-16-2021
Bidding Starts: 8:00 AM

Buyer's Premium: 5%

12233 W FM 8
Stephenville, TX 76401
Bidding Online Only, Acreage

Bid Online

Directions to Farm

From Stephenville at FM 8 and NW Loop intersection proceed Northwest on FM 8 5.1 miles to the property gate on the left. From Lingelville at the FM 8 & FM 219 Intersection proceed Southeast toward Stephenville 3.3 miles to property gate on the right.

Contact

Brent Graves, Auctioneer/Broker

Work: (254) 965-4040

Cell: (254) 459-1111

Email: Brent@allianceauctioneers.com

©2020 Alliance Auction & Realty

Terms and Conditions

PROCEDURE: The Property will be offered in a single tract. The auction will be held online only at www.AllianceAuctioneers.com and scheduled to end at the site’s published time or any extension forced by bidding activity. BUYER’S PREMIUM: A 5% Buyer’s Premium is in affect for all purchases. The Buyer’s Premium will be added to the highest “Bid Price” to determine the “Contract Price”. DOWN PAYMENT: Five percent (5%) down payment at time of contract signing will be required in immediately available funds. The Down Payment may be paid in the form of personal check, business check or cashier’s check. The remainder of the purchase price is payable in cash at closing. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing , if needed and are capable of delivering funds at closing. ACCEPTANCE OF BID PRICES: The highest bidder at time of auction closing on the site will sign a purchase agreement and tender down payment. All final bid prices are subject to the owner’s acceptance, counter or rejection. REAL ESTATE TAXES AND ASSESSMENTS: The 2021 property taxes will be prorated to the date of closing. The buyer will be responsible for any “rollback” in the property taxes. The buyer will be responsible for all additional taxes imposed after the date of execution of the General Warranty Deed by seller as a result of any change of use of any part of the subject property, the intent being that all such additional taxes shall be the responsibility of the buyer and the buyer’s heirs, personal representatives and assigns. BROKER PARTICIPATION: A 2% commission will be paid to a co-operating Broker who completes the co-broker registration form and submits it to our office via email or fax no later than 24 hours prior to the auction property preview. At no time can a participating broker and/or agent, their immediate family members, partners or assigns be a party (buyer) in the transaction as doing so would cause an unfair bidding advantage. CLOSING: Closing shall occur on or before May 18th, 2021 in the offices of King Title Company, 157 Graham, Stephenville, TX or by method and/or location acceptable to the Title Company. POSSESSION: Possession of the property will be granted to the buyer at closing, save and except leaseholds that are currently in force. LEASEHOLDS and RENTS: The residence is currently leased through written documentation and is set to expire on June 30th, 2021. The dairy facility and pasture is currently leased through oral agreement through June 30th, 2021. Either or both leases may be extended or non-renewed by the successful buyer with agreement by Lessees. Residential rent is $950 per month and dairy lease is $475 per month. All rents will be prorated and credited to the buyer at closing. DAIRY EQUIPMENT: Should not be considered as part of the sale and is believed to belong to the Lessee or third party vendor. TITLE: Seller shall provide an Owner’s Policy of Title in the amount of the purchase price. Buyer will be responsible for all expenses related to acquiring a mortgagee’s title policy, if required. Seller shall execute a General Warranty Deed conveying the real estate to the buyer. EASEMENT: Sale of the property is subject to any and all easements of record. SURVEY: Seller is providing a survey, completed on December 9, 2016 along with a T-47 Real Property Affidavit. Seller will not provide further survey, nor will closing be delayed based on buyer’s desire for such. MINERALS: The seller will transfer all, if any mineral interest they have in the property. AGENCY: Alliance Auction & Realty and it’s representatives are exclusive agents for the seller. DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in advertising, property information package, website, email, phone, text communications or any related materials are subject to the terms and conditions outlined in the agreement to purchase. The property is being sold “AS IS-WHERE IS” and no warranty or representation, either express or implied, concerning the property is made by the seller or auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, and due diligence concerning this property. The information provided is believed to be accurate and is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the seller, the broker, the auction company or any of their respective representatives. The seller, broker and auction company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions by the auctioneer are final. SELLER: Christina Whitis AUCTIONEER: Brent R. Graves, License #13507