356± Acres Star West in Amarillo TX

Brief Description

PRIME RESIDENTIAL DEVELOPMENT POSSIBILITIES!!

Located in Bushland, TX, just off I-40.

THIS PROPERTY IS BEING SOLD BY ORDER OF THE U.S. BANKRUPTCY COURT SOUTHERN DISTRICT OF TEXAS CASE NO. 15-20046-RLJ12  JERRY ARTHO/DBA ARTHO CATTLE

Auction Schedule 

Live On-Site Auction
Began: Friday, August 14, 2015 at 10:00 AM CDT

Location
Wyndham Garden Amarillo, 3100 I-40, Amarillo, TX 79102

Description

THIS PROPERTY IS BEING SOLD BY ORDER OF THE U.S. BANKRUPTCY COURT SOUTHERN DISTRICT OF TEXAS CASE NO. 15-20046-RLJ12  JERRY ARTHO/DBA ARTHO CATTLE

To be offered in 7 Tracts:

Tract SW-1, 15.53± acres

Tract SW-2, 15.53± acres

Tract SW-3, 44± acres

Tract SW-4, 45.46± acres

Tract SW-5, 45.46± acres

Tract SW-6, 45.46± acres

Tract SW-7, 136.38± acres south end with pond

PRIME RESIDENTIAL DEVELOPMENT POSSIBILITIES

Popular Bushland school district, surrounding developments average sales price of $255,000+ (2014) 5,383± ft frontage on Bushland Rd.  2,814.9± ft on both CR 34 and CR 45.  Windmill and stock tank w/wildlife overflow.  Railroad tie windbreak.  Fences upgraded and improved.  3 water sources:  Ogallala Aquifer, Santa Rosa Aquifer and the Bushland community water supply.  All solar, wind, and water rights convey to the buyers.  Seller reserves all oil, gas, and other mineral rights.

Irrigation Well  331± ft deep.  Tested June 17th 1994 at 241.6 gallons per minute.  Last ran in 2000.

Star West:  Consisting of 356± acres out of the West 1/2 of Block 9, Section 164, Randall County, Texas.

Located in Bushland, a fast growing suburb of Amarillo known for excellent schools.

Just of I-40 in an area of residential home developments.

Bushland Texas, I-40 and Bushland Road, from the I-40 overpass 1 mile South on Bushland Road to 34th & Bushland Road.  South side of Bushland proper.

Live Terms:

10% Down Day of Sale

10% Buyer’s Premium

45 Days to Close

In order for an entity or individual to become a Qualified Bidder on the date of the sale, such entity or person must obtain a bidder’s number by delivering a $10,000 check made payable to the Mullin, Hoard & Brown, LLP IOLTA Account.  Check shall be refundable to the Qualified Bidder unless such entity or individual becomes a successful high bidder on a particular parcel and such amount becomes the Auction Bid Price on that parcel.  In such event, a ten percent (10%) buyer’s premium shall be calculated on the Auction Bid Price, and added to the Auction Bid Price, and such sum shall become the Contract Purchase Price.  The $10,000 paid by the winning Qualified Bidder to obtain the bidder’s number shall be credited against the amount of earnest money required to hold the sale.