Real Estate Auction – 301 Carolina Street, Borger TX 79007

Auction Date: Friday, October 26, 2018, at 2:00 PM CDT

Property Address: Borger Gas Engine & Machine Co., 301 Carolina Street, Borger, TX 79007

Auction Site: Borger Gas Engine & Machine Co, 301 Carolina Street, Borger, TX 79007

Sale Type: Online Absentee, Onsite Bidding, Live Internet Bidding – Simulcast

Inspection: Thursday, October 26, 2018 10:00 AM – 5:00 PM CDT OR by appointment, contact Richard James 806.433.8986.

Description: Borger Gas Engine & Machine Co was started in 1926. R.A. Mittelstet purchased the company from the previous owners in the 1967. Mark took over the business in 1984 and closed the doors in December 2016. He has spent the last couple of years cleaning, polishing and making items for his grandkids. Everything will sell at public auction.

Featuring:  1 Lots ~ 1 Item ~  44 Images

5,000 square feet, two office, bathroom overhead storage area, overhead crane, city water, city sewage, natural gas situated on 0.591 acres.

Notice to Purchasers:

Auctioneer’s Disclaimer: All information contained herein was derived from reliable sources believed to be correct, but not guaranteed and should be independently verified. Bidders shall rely entirely on their own judgment & inspection. Announcements from the Auction Block take precedence over any previously printed material or any other oral statements made. Round Mountain Land, Realtors & Bentley & Associates reserve the right to make changes to auction bidding procedures, start times, bidding increments and other necessary changes to facilitate auction in a timely and efficient manner. All registered bidders will be notified of any changes. Round Mountain Land, Realtors and Bentley & Associates, LLC will be acting exclusively on the behalf of the Seller in this transaction.

Buyer’s Premium:  A ten percent (10%) “Buyer’s Premium” will be added to the high bid price to determine the Total Contract Price (High Bid + Buyer’s Premium = Total Contract Price)

Terms of Sale: Bidder’s are required to bring a $ 5,000.00 Cashier’s Check made payable to themselves which will be presented at registration  on Auction Day. Cashier’s Checks of non-winning bidders will be returned on auction day. Closing will take place on or before Wednesday, November 21, 2018.

Inspection of Property: Potential Bidders are invited and encouraged to thoroughly inspect the property prior to attending the auction. The property is being sold on an “AS IS, WHERE IS” basis with No Warranties or representations either expressed or implied, being made by the Seller, Round Mountain Land or Bentley & Associates, LLC. or any of their respective their agents. Bidders are strongly encouraged to perform necessary due diligence prior to attending the auction.  Due diligence information is available on-line at www.roundmountainland.com and available to download to supplement Bidder’s own investigation and inspections. To schedule a tour, please contact Richard James with Round Mountain Land, Realtors at 806.433.8986.

Pre-Auction Offers: Must be tendered on a signed Round Mountain Land or Bentley’s Texas Commercial Contract and accompanied by a 10% Certified Deposit in certified or bank check or by confirmed wire transfer. Internet bidders must register forty-eight hours in advance of the auction in accordance with the terms and conditions described for on-line and telephone bidding at www.bentleysauction.com.

Seller’s Right to Accept or Reject: The Seller reserves the right to Accept or Reject the Final Bid the day of the auction.

Possession: Possession of the property will at closing and funding of the sale and ownership transfer accomplished by Special Warranty Deed.

Title Insurance & Closing Costs: Seller shall provide the Buyer with a commitment for title insurance showing merchantable title. The cost of the title policy shall be the responsibility of the Buyer.  Customary closing costs will be shared equally between Buyer and Seller.

Buyer’s Broker Terms: A 2.0% Buyers Broker Commission based upon the High Bid will be paid to any properly licensed real estate broker whose Bidder successfully purchases and closes on the subject Property. The Buyers Broker must complete a Buyer’s Broker Registration Form and return it to the Auctioneer no later than 48 hours prior to the auction on Friday, October 26, 2018. A copy of the Buyer’s Broker Registration Form is available at www.bentleysauction.com or www.roundmountainland.com or by contacting the Auctioneer at 806.376.1121 ext 101. Visit www.roundmountainland.com or www.bentleysauction.com for details & mandatory pre-registration requirements

Sale Currency: United States Dollars – USD

Information Obtained from Hutchinson County Appraisal District:

Property ID: 13076 

Account / Geo Number: 01900-00400-00600-000000

Property Legal Description: E90 of 6 and W10 of 7 Blk D North Hills, .304 Acres Sec 20 Blk Y M And C

Survey / Sub Division Abstract: North Hills 01900

Block: D

Section / Lot: 006

Property Location: 301 Carolina St, Borger, TX 79007-2133

Owner Information: Borger Gas Engine & Machine Co, PO Box 1306, Borger, TX 79008-1306

Property Detail:  Building built 1959, Insulation added in 1979 by R.A. Mittelstet & Mark Mittelstet

Agent: None
Property Exempt:
Category / SPTB Code: F1
Total Acres: 0.591
Total Living Sqft: See Detail
Owner Interest: 1.000000
Homestead Exemption:
Homestead Cap Value: 0
Land Ag/Timber Value: 0
Land Market Value: 8.060
Improvement Value: 39,450
Property Market Value: 47,510

Jur Code Description Market Value Homestead Total Exemption Taxable
01 Hutchinson County 47,510 0 47,510
10 City of Borger 47,510 0 47,510
30 Borger ISD M&O 47,510 0 47,510
30IS Borger ISD I&S 47,510 0 47,510
62 County Hosp 47,510 0 47,510
66 F P College 47,510 0 47,510

 

 

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