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OKLAHOMA CITY LAND AUCTION, 155+/- Acres offered in 15 tracts
Thu, Mar 19, 6:30 PM
Mustang Rd. and SW 44th Street, Oklahoma City, Canadian County

Owner: Tyler-Wreisner-Lang Families

SOLD FOR $2,750,000

• OKLAHOMA CITY LAND AUCTION
• 155+/- Acres offered in 15 tracts
• Tracts ranging from 5 to 45 acres
• Development Potential
• Potential Building Sites
• Mustang School District
• 9 Miles from downtown Oklahoma City
• Online Bidding Available

OPEN HOUSE/INSPECTION DATES
February 12, 26 and March 12th from 4-6PM

PROPERTY LOCATION
Take exit 138 on Interstate 40, go south on Mustang Rd for 2.5 miles and property begins on the right.





AUCTION LOCATION
Wild Horse Park, 1201 North Mustang Road, Mustang, OK 73064

PROPERTY DESCRIPTION
155+/- acres of land located at the intersection of Mustang Rd and SW 44th Street in Oklahoma City. The property is located within Mustang Public Schools boundary, in the Centennial Elementary District and a mere 2 miles north of Mustang High School. Currently, the property is zoned AA, Agriculture; however, within Oklahoma Citys most current comprehensive plan the property is classified as Urban Development. For more thorough information regarding: utility availability, engineers opinion, detailed mapping, title work and photos please reference our Bidder Information Packet. The property will be offered in 15 individuals tracts, and combinations of tracts that range from 5 to 45 acres.

TRACT DESCRIPTIONS
Tract 1: 5.1± ac corner-lot located at the intersection of Mustang Rd and SW 44th St.
Tract 2: 5.1± ac with frontage along Mustang Rd.
Tract 3: 5.1± ac with frontage along Mustang Rd.
Tract 4: 5.1± ac with frontage along Mustang Rd.
Tract 5: 5.1± ac with frontage along Mustang Rd.
Tract 6: 5.1± ac with frontage along Mustang Rd.
Tract 7: 5.1± ac with frontage along SW 44th St.
Tract 8: 5.1± ac with frontage along SW 44th St.
Tract 9: 5.1± ac with frontage along SW 44th St.
Tract 10: 5.1± ac with frontage along SW 44th St.
Tract 11: 5.1± ac with frontage along SW 44th St.
Tract 12: 18± ac tract with 80 ft. of frontage on SW 44th Street, secluded tract hardwood trees, established pasture, tillable land and small pond.
Tract 13: 15± ac with 150 ft. of frontage along SW 44th Street
Tract 14: 45± ac located in the northwest quarter of the property. This parcel has 150 ft. of frontage along Mustang Rd
Tract 15: 21± ac Swing Tract that is located in the northeast quarter of the acreage. This tract can be bid on in combination with any surrounding tract to create the package that best fits your needs.

You may bid online during the auction at www.schraderauction.com. You must be registered One Week in Advance of the Auction to bid online. For online bidding information, call Kevin Jordan at Schrader Auction Co. - 800-451-2709.


SOIL INFORMATION

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PROCEDURE: Tracts 1 through 15 will be offered in individual tracts, in any combination, or as a total unit. There will be open bidding on all tracts and combinations during the auction as determined by the Auctioneer. Bids on tracts, tract combinations and the total property may compete. The property will be sold in the manner resulting in the highest total sale price.

DOWN PAYMENT: 10% of the accepted bid price as down payment on the day of auction with the balance in cash at closing. The down payment may be made in the form of cashiers check, personal check, or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.

APPROVAL OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. The auction bids are subject to the acceptance or rejection by the Seller.

DEED: Seller shall provide a Warranty Deed.

EVIDENCE OF TITLE: Seller agrees to make available to bidder a preliminary title insurance commitment to review prior to auction. The cost of title insurance, if the buyer(s) elects to purchase the title insurance policy, will be the responsibility of the buyer(s). Seller agrees to provide merchantable title to the property subject to matters of record, general conditions of title, and similar related matters. All tracts sold AS-IS.

CLOSING: The closing shall take place 45 days after the auction or as soon thereafter as applicable closing documents are completed by Seller.

POSSESSION: Possession of the land shall be at closing.

REAL ESTATE TAXES: Real Estate taxes shall be prorated to the date of closing.

SURVEY: The Seller shall provide a new survey where there is no existing legal description or where new boundaries are created by the tract divisions in this auction. Any need for a new survey shall be determined solely by the Seller. Seller and successful bidder shall each pay half (50:50) of the cost of the survey. The type of survey performed shall be at the Sellers option and sufficient for providing title insurance. Closing prices shall be adjusted to reflect any difference between advertised and surveyed acres, if a new survey is determined to be necessary by the Seller.

ACREAGE AND TRACTS: All acreages are approximate and have been estimated based on current legal descriptions and/or aerial photos. Any corrections, additions, or deletions will be made known prior to the auction.

AGENCY: Schrader Real Estate and Auction Company, Inc. and their representatives are exclusive agents of the Seller.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in the brochure are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the Auctioneer are final. ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

NEW DATE, CORRECTIONS AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes or additions to the property information.