Bankruptcy Auction – Premier Development Land- Houston, TX

Auction Date & Time:
Bidding ends September 15th
at 3:00pm ET

Property Location:
10444 Rosecroft Drive
Houston, Texas 77048

Auction Location:
www.tranzon.com

Bankruptcy Auction! Ordered by the U.S. Bankruptcy Court, Southern District of Texas. 16.89 AC’s of undeveloped land near South Acres. Residential and Commercial Development Opportunity. Bids are subject to the approval of the Bankruptcy Trustee and the U.S. Bankruptcy Court.
DON’T MISS THIS OPPORTUNITY TO BUY UNDER MARKET VALUE!!!

• 16.89 AC’s or 735,593 SF +|- of land
• Access to the property is off of Webercrest Rd.
• Approx. 530’ Road frontage on Webercrest Rd.
• Zoning: None
• Topography: Grade level
• Utilities:
o Electricity: On Site10
o Water/Sewer: City Water/Sewer
• Flood Hazard: X500
• Market Area: Property is located in the Southeast and South Acres area of Houston.
• Close proximity to 610 Loop, Sam Houston Tollway, I-45 & Hwy 288


Auction Summary of Terms of Sale: All property is sold in “As-Is and Where-Is” condition. A ten percent (10%) buyer’s premium for the real estate will be added to the high bid. The total sale price of the property shall be comprised of the high bid plus the buyer’s premium. The high bidder shall execute a purchase agreement immediately following the auction and will provide a non-refundable earnest money deposit of ten percent (10%) of the total sale price (high bid + buyer’s premium) by certified funds at the time of purchase contract acknowledgment. The balance of the purchase price will be due at closing within the specified time frame in the purchase agreement. Seller will transfer ownership of property by Trustee’s Deed or similar instrument. Other terms apply.

Cooperating Broker’s Fee: Tranzon Asset Advisors is offering 2% to properly registered brokers. See Broker Acknowledgement Form.

Property #: TAA2016

Kelly Toney
Tranzon Asset Advisors 888-791-7307 ext. 88
www.tranzon.com ktoney@tranzon.com

Tranzon Asset Advisors of Texas, LLC #9008058, Kelly D. Toney, TX Auctioneer #11818
U.S Bankruptcy Court, the Southern District of Texas, Houston Division, Case No. 19-36737

ONLINE ONLY AUCTION
879 +/- ACRES IRRIGATED CROPLAND
GOODWELL, TEXAS COUNTY, OKLAHOMA

AUCTION DATES: Bidding closes September 22, 2020 at 6:00pm CST

DIRECTIONS TO PROPERTY:
From Goodwell, Oklahoma, go ½ mile north to Rd. Bb. Take Bb west 3 miles to Rd 19, then 1 mile north to the southeast corner of Tract 2. Continue North on 19 Road for 1 mile to the southwest corner of Tract 1. (watch for signs)

LEGAL DESCRIPTION:
See Property Information Packet for complete legal descriptions.

Tract #1:
583+/- acres in the W/2 S17 T2N R13E and E/2 S17 T2N R13E less and except a (40 +/- acre tract in the NE/4) and a (10 +/- acre tract in the S/2)

Tract #2:
296+/- acres in the E/2 S19 T2N R13E less and except a (11.5 acre tract in the SE corner) and a (12.13 acre tract in the SW corner)

AUCTIONEERS NOTE:
This is an excellent opportunity to own irrigated cropland in Texas County, Oklahoma. Located just 2.5 miles Northwest of Goodwell, these farms have well maintained irrigation equipment and offer good quality cropland.

FSA INFORMATION: According to the Texas County Farm Service Agency

Tract #1 (Farm #7690) consists of 526.80 farmland acres.
BASE ACREAGE PLC YIELD
Wheat 360.90 41
Corn 158.50 154
Sorghum 7.40 96

Tract #2 (Farm #7415) consists of 281.10 farmland acres.
BASE ACREAGE PLC YIELD
Wheat 235.80 39
Corn 34.30 98
Sorghum 0.70 37
Barley 10.30 28




TRACT #1
There are (4) farms which total 583 +/- acres according to Texas County OK tax records. According to the Seller, there are (2) water wells along the west side of the Section currently in use on Tract 1, with all of the pivots and water wells tied together with a series of 8” pipelines and valves. Review the current water permits for additional information and permit status (see attachments on website).

Northwest Quarter (NW/4) Section 17 Township 2N Range 13E
• Cropland Acres - 178.8 +/- Acres
• 7 tower Valley 6000, 60” nozzle spacing w/ Senninger LDN
• Center pivot nozzle set at 600 GPM
• Well Permit #1964-179 and #2001-543 (See Attachments)
• 454 IRRIGATION MOTOR (OWNED BY TENANT)
• Natural gas to run pivot motor
• Currently in Milo crop
• 2019 Taxes $353.00

Southwest Quarter (SW/4) of Section 17-02N-13E
• Cropland Acres - 138.7 +/- Acres
• 7 Tower Zimmatic, 5’ nozzle spacing w/ Senninger LDN
• Centerpivot nozzle set at 600 GPM
• Well Permit #1964-179 and #2001-543 (See Attachments)
• 454 IRRIGATION MOTOR (OWNED BY TENANT)
• Natural gas to run pivot motor
• Currently in Corn Crop
• 2019 Taxes $271.00

Northeast Quarter (NE/4) of Section 17-02N-13E
• Cropland Acres for NE/4 and SE/4 (combined) 259.6 +/- Acres
• 8 tower Zimmatic, 60” nozzle spacing w/ Senninger LDN
• Well Permit #1993-617B (See Attachments)
• Centerpivot nozzle set at 300 GPM
• Planting Wheat (fall 2020)

Southeast Quarter (SE/4) of Section 17-02N-13E
• 6 tower Valley 6000, 60” nozzle spacing w/ Senninger LDN
• Centerpivot nozzle set at 300 gpm
• Well Permit #1993-617B (See Attachments)
• Planting wheat (fall 2020)
• 2019 Taxes $545.00



TRACT #2
There are 2 farms which total 296 +/- acres according to Texas County Oklahoma tax records
East Half of Section 19 Township 02 N Range 13 E
3 wells with 8” pipeline connecting wells and center pivots together

Northeast Quarter (NE/4) of Section 19-02N-13E
• Cropland Acres - 160 +/- Acres
• 7 Tower Zimmatic, 5’ nozzle spacing w/ Senninger LDN
• Centerpivot nozzle set at 350 GPM
• 1 well (permit #1998-512) 1120 acre feet per calendar year (shared permit, with 3 total wells) (See Attachments)
• 454 IRRIGATION MOTOR (OWNED BY TENANT)
• Natural gas to run pivot motor
• Currently in Milo crop
• 2019 Taxes $295.00

Southeast Quarter (SE/4) of Section 19-02N-13E
• Cropland Acres - 136.46+/- Acres
• 7 Tower Zimmatic, 5’ nozzle spacing w/ Senninger LDN
• Centerpivot nozzle set at 350 GPM
• 1 well (permit #1998-512) 1120 acre feet per calendar year (shared permit) (See Attachments)
• 454 IRRIGATION MOTOR (OWNED BY TENANT)
• Natural gas to run pivot motor
• Currently fallow, will plant wheat (fall 2020)
• 2019 Taxes $244.00

Additional Water Rights and Water Well Only (No Land Selling)

Southwest Quarter (SW/4) of Section 19-02N-13E
• 1 well (permit #1998-512) 1120 acre feet per calendar year (shared permit) (See Attachments)
• 150 HP Gearhead (only)

Soil Types:
• Gruver clay loam
• Ulysses clay loam
• Veal- Potter
• Coalen loam

LEASE INFORMATION:
Tract 1: Lease agreement with 50/50 crop share - Tenant planning to plant wheat on the Northeast and the Southeast Quarters this fall 2020. Tenant will also be planting wheat on all the corners. Landlord (Buyer) to pay for 50% of the prod