AUCTIONED: May 16th, 2019

TRUSTEE-ORDERED AUCTION. 47 acres prime residential and/or commercial development land in South Tulsa with Arkansas River frontage offered in 3 parcels ranging from 2.6 to 26.4 acres.

Directions: Parcel 1 located 1 block North of 151st & S Yale Ave. Parcel 2 & 3 located at the southwest corner of 131st & S Sheridan Ave.

Auction Overview

AUCTION DATE & TIME:
 May 16th at 11am

AUCTION LOCATION:
 On-site, Parcel 2

OPENING BID:
 $5,000/ac

INSPECTIONS:
 11-1 Fridays May 3rd & 10th

BUYER-BROKER:
 3% Commission

BROCHURE
BROKER REFERRAL FORM

LICENSE INFO:  OK RE Lic# 159708 Ronn Cunningham | Cunningham Johnson Auctions LLC

TRUSTEE-ORDERED AUCTION. 47 acres prime residential and/or commercial development land in South Tulsa with Arkansas River frontage offered in 3 parcels ranging from 2.6 to 26.4 acres.

Parcel 1 & 2: Located in highly desirable South Tulsa growth area in the southwest corner of 131st Street South and Sheridan Road. Parcel 2 includes a 3BR 2Ba brick home. Condition of the home is unknown.

Both parcels front 131st Street South and feature Arkansas River frontage. Zoned RS-1 & Ag.

  • Parcel 1: 18.32 acres. Zoned RS-1. Bixby Schools.
  • Parcel 2: 26.49 acres. Zoned Ag. Bixby Schools.

Parcel 3: 2.67 acre commercial/residential development lot in the Bixby growth corridor located one-block North of 151st Street (Hwy 67) fronting the East-side of South Yale Ave. Zoned RM-2. Bixby Schools.

SCHOOLS: Bixby Public Schools

PROPERTY TAXES (2018):

  • Parcel 1:      $81.47
  • Parcel 2:      $782.05
  • Parcel 3:      $175.33

UTILITIES: City Municipalities

Map & boundary illustrations are approximate – refer to survey.
Property pictures may also show multiple parcels and/or property not included in the auction.

Parcels 1 & 2

Parcel 3

All map & boundary illustrations are approximate.

PARCEL MAPS

Printable map PDF available by clicking the button above.

Interactive map below. Interact with the map by clicking ‘View Full Screen’; zoom in or out by clicking the ‘+’ or ‘-‘ in the lower right corner; click ‘Base Layers’ to switch between Satellite, TOPO or street maps; or click ‘SOIL REPORT’ to view an interactive soil report.

DISCLOSURES:
  • All parcels subject to any existing recorded easements.
  • Locations of parcel signs, maps, and picture illustrations are for reference only. Refer to survey for boundaries if available and/or legal descriptions. Fence lines may not follow property boundaries per survey.
  • If property divides, all abstracts covering any individual parcel will be placed on deposit with said title company to be held for the use of any and all future buyers. Buyers are responsible for the cost of supplemental abstract(s).
  • No minerals convey.

TERMS & CONDITIONS:

  • 3% Buyer’s Premium applies. Buyers-premium is an additional fee (3% of high-bid amount) paid by the high-bidder.
  • All properties are being sold ‘as is, where is’ and are not subject to financing, inspections or any other contingencies.
    CJ Auctions represents the seller only.
  • The high bidder must make a 10% (Min $5,000) non-refundable deposit on sale day (cash, personal or cashier checks)
  • Buyer will receive trustee deed and title insurance.
  • Buyer will pay for (but not limited to) the closing fee & title policy. Taxes will be prorated through date of closing.
  • Balance and closing costs are due 30-days from trustee acceptance.
  • Contact CJ Auctions for title commitment and copy of easements.
  • All bidders must register with CJ Auctions prior to bidding (registration is held 1-hour prior to auction) and provide a driver’s license or government-issued identification.
  • Absentee bidders must pre-register and qualify through CJ Auctions 48 hours prior to sale day.
  • All persons inspecting the property, attending an open house or auction do so at their own risk and shall not hold CJ Auctions or their agents liable for damages to their person or property.
  • ONLINE BIDDING: Individuals must wire 10% of opening bid amount (minimum $10,000) 48 hours prior to auction to be fully authorized to bid online. Contact CJ Auctions at (918) 550-8118 for detailed wiring instructions.

LICENSE INFO: OK RE Lic# 159708 Ronn Cunningham | Cunningham Johnson Auctions LLC

 

METHOD OF SALE: Buyers choice by the acre. Opening bid $5,000 per acre.

BUYERS CHOICE BY THE ACRE

  • Buyer’s choice may be offered when more than one property/parcel is being auctioned.
  • Successful high bidder wins the right to choose a property/parcel or properties/parcels from a grouping of similar or like-kind properties.
  • After high bidder selection, the property is deleted from the group and the bidding commences again.
  • Process continues until all properties/parcels are selected.
  • When selling by the acre, high bid is multiplied by the number of acres in the parcel.