United Country Oklahoma Land & Auction, LLC
Date(s) 5/29/2024 - 6/20/2024
The property will be sold at Public “Online - Internet Auction”, ending June 20, 2024
Online-Only Auction
Bidding Notice:
This is an internet-only auction. All bidding activity will take place online. 10% Buyer's Premium will be added to your bid.
Auction Information
| Name | Durant Real Estate Auction | Land, Homes, Business Potential |
|---|---|
| Auctioneer |
United Country Oklahoma Land & Auction, LLC
|
| Type | Online-Only Auction |
| Date(s) | 5/29/2024 - 6/20/2024 |
| Auction Date/Time Info |
The property will be sold at Public “Online - Internet Auction”, ending June 20, 2024
|
| Preview Date/Time | Preview Dates: May 30th at 6 pm June 9th at 2 pm June 15th at 3 pm |
| Checkout Date/Time | A down payment of $15,000.00 must be paid by the successful bidder by direct wire transfer within 24 hours of acceptance of the auction contract by the sellers. Down payment will be payable to Modern Abstract & Title Co. The down payment deposit will be non-refundable; your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing. The balance of the purchase price will be due via a wire transfer to the closing company, on delivery of insurable title on or before July 19, 2024 |
| Location |
|
| Buyer Premium | Online Only 10% Buyer's Premium |
| Description |
Hot Location: 114 acres and 2 homes within a mile from Choctaw.
Auction Ends: June 20th @ 6pm CST at OKLandandAuction.com
Preview Dates:
May 30th at 6 pm
June 9th at 2 pm
June 15th at 3 pm
The property is located in a highly sought after area within a mile of Choctaw Casino. This is
the largest piece of land for sale located within the area with frontage on both Rodeo Road
and the highway bypass. The property is currently being used as a cow/calf operation and
performance horse ranch, however, the prime location gives this property unlimited
versatility. Purchase the property in it’s entirity and enjoy the luxury of a 4800 sq ft primary
residence that is complete with commercial grade Thermador appliances, heated 20 x 40
pool with spa, outdoor kitchen and a large entertainment room complete with custom bar.
The 1900 sq ft second home can be used as a guest/ranch hand house, office, or use it for
immeidate return on investment by capitalizaing on the hot VRBO market in the area.
(Estimated $500-$700/night as a VRBO with high demand for this type of property with a
short 3 minute drive to the casino and five minute drive to the airport). Also capture
another immediate return on investment by utilizing the parcel with bypass frontage for
marketing such as billboard advertisement.
If you are looking for an investment property, look no further. The location of this property
lends itself to almost any market. Buy it now and enjoy living in the tranquil oasis that the
half mile long driveway provides or began your dream of becoming a real estate mogal with
a property that can be as diversified as your imagination will allow. Commercial investors
could consider conversion of the property to a winery, wedding venue, indoor sports
entertainment venue such as climate controlled golfing, restaurant, sports bar, RV park,
etc. Residential development in this area is also a hot market. This property’s driveway sits
on a section line and should the buyor be interested, it could be easily opened as a county
road to allow access and development to all or part of the 114 acres for residential or
commercial usage.
Main House:
4858 sq ft (MOL)
5 bedroom, 3.5 bath
Large kitchen with 16 ft island and commercial grade Thermador appliances including a
total of 4 ovens and 6 range stove
Luxury appliances
Granite countertops
20 x 40 foot heated/lighted pool with spa
Outdoor kitchen
Large entertainment room with custom bar
Wired for Satellite
Wired for high-speed internet
Floored attic
Security system – owned
Vaulted ceilings
Vinyl windows
Tile & vinyl flooring
Gas log fireplace
HVAC – 3 units, zoned – geothermal heat pump
Second House:
1900 sq ft (MOL)
3 bedroom, 2 bath, with a loft for an office or additional sleeping quarters
Hot Tub/Spa with heat/ac
Outdoor Structures:
36 x 60 Horse Barn with 5 Priefert horse stalls with 30/50 amp electrical outlet for RV,
camper, etc.
Hay Barn
Shop
Loafing sheds
Additional covered parking
Land Information:
4 ponds
Mature trees
Frontage on two major roads
Buyer could request driveway to be opened as a county road
Potential Uses:
The location and layout of this amazing property makes it highly versatile including
potential for:
Ranch:
Performance Horse/Equestrian, Cattle Operation, Farming
Commercial:
Prime location for commercial development given its proximity to the Choctaw Casino and
major highways. Commercial investors could consider conversion of the property to a
winery, wedding venue, indoor sports entertainment venue such as climate controlled
golfing, restaurant, sports bar, RV park, etc.
Residential:
Residential development in this area is also a hot market. This property’s driveway sits on a
section line and should the buyor be interested, it could be easily opened as a county road
to allow access and development to all or part of the 114 acres for residential or
commercial usage.
Immediate Return on Investment Opportunities:
VRBO one or both homes. With a three minute drive to the Choctaw Casino and Resort and
their expansive weekend concert lineups, VRBO’s in the area are a hot market with
projected monthly revenue from weekend rentals of both homes estimated to be $10,000-
$15,000 per month.
Commercial marketing on bypass parcel with potential for billboard marketing.\
|
Terms and Conditions
1714 Rodeo Rd.
Durant, Oklahoma
Legal Description
0000-07-07S-09E-4-006-00 - SEC 07-07S-09E A TRACT IN SE/4 BEGINNING AT SE/C THEN S890026W A DISTANCE OF 481.57 FT THEN N005934W A DISTANCE OF 1763.41 FT AS POB THEN S891229W A DISTANCE OF 471.48 FT THEN N002740W A DISTANCE OF 471.48 FT THEN N891229E A DISTANCE OF 471.48 FT THEN S002740E A DISTANCE OF 471.48 FT TO POB
? The property will be sold at Public “Online - Internet Auction”, ending June 20, 2024
? The property will be sold subject to seller’s confirmation (sells with reserve).
? Property sells As-Is with no warranties expressed or implied
? The auction is Subject to prior sale (the property can be purchased prior to the end of the auction)
? The seller reserves the right to cancel the auction at any time prior to the final bid closing
? Buyers Premium
o An 10% buyer’s premium will be added to the final bid and charged to the buyer, the final bid plus the 10% Buyer’s premium will establish the final sales price.
? A down payment of $15,000.00 must be paid by the successful bidder by direct wire transfer within 24 hours of acceptance of the auction contract by the sellers. Down payment will be payable to Modern Abstract & Title Co. The down payment deposit will be non-refundable; your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing. The balance of the purchase price will be due via a wire transfer to the closing company, on delivery of insurable title on or before July 19, 2024
o A promissory note will be signed along with the down payment.
? Final closing is NOT contingent upon financing.
? The property will be conveyed by a Warranty Deed
? The seller agrees to furnish buyer(s) with an owner’s policy of Title Insurance Policy at closing.
? Real Estate Taxes: the taxes will be prorated to the day of closing.
? Closing:
o Closing shall take place at the office of: Modern Abstract & Title Co., Durant
o Closing fee will be paid by the buyer.
o Closing will be held on or before July 19, 2024
? Possession will be granted at final closing.
? The successful Bidder shall execute electronically an “Auction Real Estate Sales Contract” for the property immediately after being declared the Successful Bidder by the Auctioneer.
? Each potential Bidder is responsible for conducting at their own risk, their own independent inspections, investigations, and due diligence concerning the property.
o Further; Property sells as-is with no warranties expressed or implied
? United Country Oklahoma Land & Auction and their representatives are exclusive agents of the Seller.
? All announcements made up to the final close of the Auction bidding take precedence over all advertising, oral or printed material.
? All information was gathered from reliable sources and is believed to be correct as of the date this brochure is published; however the seller or auctioneers have not independently verified this information. Auction plats and drawings are not to be relied on ad are for representation purposes only. Its accuracy is not warranted in any way. There is no obligation on the part of the sellers or auctioneer to update this information.
SALE SITE: Internet Only
VIEWING INSTRUCTIONS: May 30th @ 6 pm | June 9th @ 2 pm | June 15th @ 3 pm
The viewing of the property will be at the viewer’s own risk. The Seller, Auctioneer nor the Listing Agency may not be held responsible for accidents.
For questions call or text James Dolezalek | 903-815-6166 or Tracy Stoner | 580-775-0354.
Bid Increments
Your bid must adhere to the bid increment schedule.
| Bid Amount | Bid Increment |
|---|---|
| 0.00 - 99,999.00 | 99,999.00 USD |
| 99,999.01 - 1,499,999.00 | 50,000.00 USD |
| 1,499,999.01 - 9,999,999.99 | 5,000.00 USD |
Payment Information
| Currency | USD |
|---|---|
| Buyer Premium | Online Only 10% Buyer's Premium |
| Payment Terms |
A down payment of $15,000.00 must be paid by the successful bidder by direct wire transfer within 24 hours of acceptance of the auction contract by the sellers. Down payment will be payable to Modern Abstract & Title Co. The down payment deposit will be non-refundable; your bidding is not conditional upon financing, so be sure you have arranged financing, if needed, and are capable of paying cash at closing. The balance of the purchase price will be due via a wire transfer to the closing company, on delivery of insurable title on or before July 19, 2024
|
Shipping / Pick Up
Closing shall take place at the office of: Modern Abstract & Title Co., Durant
Closing fee will be paid by the buyer.
Closing will be held on or before July 19, 2024
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