Texas Living At Its Finest

Own A Piece Of The TTU System’s History

TTU System Chancellor Residence & Furnishings Auction, Lubbock, TX

11 AM CDT, Sat. September 21

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Details:

Texas Living At Its Finest, Own A Piece Of The TTU System’s History– the Texas Tech University System Chancellor’s Residence and Furnishings. A truly stunning and 8,073± square foot home on 1.438± acres with oversized 3-car garage with extensive storage, perfect for entertaining and living the Red Raider life. The large master bedroom features an enclosed study with fireplace and exercise room, his and her walk-in closets, master bath spa, and hidden passage safe room. The remaining 3 large bedrooms feature walk-in closets and an en-suite bathroom and a “Jack & Jill” bathroom, and there are 2 half-bathrooms as well. Entertain in the gourmet kitchen with Sub-Zero, Viking and KitchenAid appliances, large hearth fireplace and dining nook. Formal living room with fireplace, formal dining room, family room with fireplace, music room, game/sports room, office, and 2 covered verandas round out this beautiful home. Furnishings to be auctioned include, but are not limited to, living, family, dining and bed room furniture, a grand piano and outdoor furniture. The property is fully landscaped, irrigated and has a second storage garage off an alley at the rear of the property. Texas living doesn’t get any better than this! The real estate will be auctioned first and then the furniture within the home that is the property of the TTU System will be auctioned as well, so be sure to attend and buy a piece of the Texas Tech University System’s History!

Property Location:

4708 21st. Street, Lubbock, TX 79407

Auction Location:

On-site & Online

Furnishings Will Be Sold On-site Only

Auction Schedule: Saturday, September 21, 2019

Final Preview & Registration 9:00 A.M. – 11:00 A.M. (CDT)

Real Estate To Sell At 11:00 A.M, Furnishings At 12:00 P.M. (CDT)

Preview:

9:00 A.M. (CDT) – 12:00 P.M. (CDT), Saturday, September 7

9:00 A.M. (CDT) – 11:00 A.M. (CDT), Saturday, September 21

Real Estate Terms:

Sold to the highest bidder, subject to TTU System approval. 5% Buyer Premium. $100,000 Earnest Money Deposit, Personal or Business Check. Balance due at Closing.

Closing to be on, or before 30 days of TTU System Approval. Property is sold AS-IS, WHERE-IS with no representations or warranties of any kind other than marketable title.

Online/App Bidding (Real Estate Only):

Higgenbotham App is downloaded from the Apple App Store or Google Play Store or can bid with laptop/desktop computer at www.TTUSystemAuction.com. $5,000 credit card authorization required in order to bid. Sold to the highest bidder, subject to TTU System Approval. 5% Buyer Premium. Upon the Auction Closing, successful bidder will execute and return Purchase and Sale Agreement by email and wire $100,000 Earnest Money Deposit check is to be made payable to Lubbock Abstract and Title. Balance due at Closing. Closing to be within 30 days of TTU System approval.

Telephone Bidding (Real Estate Only):

Bidders must contact Higgenbotham Auctioneers no later than Thursday, September 19, 2019 at (800) 257-4161.

Personal Property Terms: 

Sold to the Highest Bidder. 10% Buyer’s Premium. 8.25% Texas Sales Tax. An additional 3% surcharge on credit & debit cards. Buyers are responsible for immediate removal of items. Items purchased will not be released until full payment received, verified and approved. Tools and packing materials are not supplied. Buyers are responsible for loading & moving all items without assistance from the Auction Company. You are responsible for damage to property caused by yourself or your help. Any moving of pianos must be done by a piano moving company. No items may be removed during the sale unless otherwise instructed by the Auction Company. All property shall be removed from the property by the Bidder at his/her own risk and expense. Prior to Auction Day, the property has been professionally staged with items that will not be for sale on Auction Day. Only those items remaining in the property on Auction Day at the discretion of the Auctioneer and TTU System will be sold.

Directions:

From Marsha Sharp Freeway (SR82), take the Quaker Avenue offramp and go north on Quaker Avenue. Turn left at 19th Street. Continue to Vicksburg Avenue and turn left. Continue on Vicksburg to the left and turn left onto 21st  Street. The property will be on your left-hand side.

Property Information Package:

In order to view this property information packet, please fill out the form below for your instant download. We will contact you if there are any updates to this document.

TX Tech Home 9/21

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