Addison Auctioneer to Sell 2 Cedar Hill (Texas) REO Homes in May

Real Estate Agent with United Real Estate TX #0552717

Two Cedar Hill properties will be auctioned by yours truly on May 17th on-site, rain or shine!

First up, at 11:00 AM, is a 6 bedroom, 6.5 bath home with 7,981 sq ft (according to auction brochure).  It is 1609 Mustang, Cedar Hill TXcurrently listed in MLS for $739.900 (down from $954,900). Description: Gorgeous custom built home on a quiet cul-de-sac, approximately 98% complete.  Near lake, golf and parks.  7 bedrooms, 6.1 baths, 2 living rooms with fireplace, extra large media room with wet bar, game room, 2 studys, extra large kitchen and hardwood floors.  Address: 1609 Mustang Court, Cedar Hill TX  75104. Built 2005.

The second house, schedule to be auctioned at 12:30 PM is a 4 2510 Waterstone, Cedar Hill TXbedroom, 4 bath home with 4,564 sq ft.  This one is currently listed in MLS for $399,900 (down from $424,900).  Description: Gorgeous custome built home in Lake Ridge, near golf, lake and parks. 4 bedrooms, 3.1 baths, 2 living rooms, extra large kitchen with island, granite counters and 42" upper cabinets, extra large master bedroom with sitting area and fireplace, mother-in-law suite with balcony, sitting area on 2nd level, media room, lots of closet and storage space, hardwood floors.  Address: 2510 Waterstone Drive, Cedar Hill TX  75104.  Built 2006.

Both homes are subject to prior sale and are listed by Carl Marsh of The Michael Group.  Both are foreclosures, sold as-is.  No seller's disclosures, no surveys.  These properties will sell with reserves.  That means the bank reserves the right to accept or reject the high bid on each, subject to seller confirmation.  The seller will pay for and provide owner's title insurance to the properties and will pay all current ad valorem taxes assessed against the properties up to the date of closing.  The purchaser will pay all other closing costs.

These homes are just a few blocks apart, in the Lake Ridge subdivision, Section 16.  Mapsco DA/0081/Z.  Open House previewing is scheduled for Saturday, May 10 and Sunday, May 11, from 1:00-4:00.

Directions: US-67 south to Lakeridge Parkway, left on Prairie View Blvd.
To 1609 Mustang Ct., from Prairie View, turn right on Sweeping Meadows, right on Mustang.
To 2510 Waterstone Dr., from Prairie View, turn onto Waterstone.

To register to bid, bring a certified check payable to yourself, or cash, in the amount of $2,000.  The high bidder on each property is required to pay 5% down on the day of the auction.  The high bidder will sign over the certified check to the listing agent and provide a personal check for the amount equal to 5% of the high bid less the $2,000.  If, for example, the high bid is $500,000, the $2,000 certified check plus a personal check for $23,000 equals the 5% down.  The balance of the purchase price is due at closing within 30 days.

A 5% Buyers Premium will be added on to the high bid to form the contract price.

Broker participation: A 2% commission will be paid to the licensed real estate broker whose prospect successfully closes on any of the these properties.  Agent must attend the auction with the buyer.

For more information and to read all the Terms of the Sale, visit Auction Services Int'l.

Lorrie Semler, TX Auction License #13117

Posted by

Lorrie Semler, e-PRO, GRI, SRES, CPRES, CRS
Addison Resident/Addison Specialist                                                      Subscribe Button
Real Service. Real Results. Real Estate.
United Real Estate

2011 Recipient of Addison Magazine's Readers Choice
Award for Best Residential Real Estate Agent.     

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Angelia Garcia
Pure Realtors - Dallas, TX
Good luck!
May 01, 2008 03:38 PM #1
Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417
United Real Estate - Addison, TX
Real Service. Real Results. Real Estate
Thanks!  I went to an Auction Services Int'l sale last weekend (as a real estate agent, not as an auctioneer) and only 1 bidder showed up.  I hope I get a bigger crowd.
May 01, 2008 03:42 PM #2
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Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417

Real Service. Real Results. Real Estate
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