Auction Home on 1.99 Acres
Opening Bid: $70,000
Don’t miss this exceptional opportunity to purchase a 4-bedroom, 3-bathroom home situated on approximately 1.991 acres at a live, in-person real estate auction. Whether you’re an experienced investor, renovation specialist, builder, or buyer searching for a property with significant upside potential, this auction presents the chance to acquire a spacious home on a generous parcel of land at an attractive opening bid.
Offering plenty of space both inside and out, this property provides the ideal foundation for a complete transformation. With nearly two acres of land, there is ample room to create your dream residence, expand outdoor living areas, add recreational amenities, or enhance the property’s overall value through thoughtful improvements.
The home features a versatile floor plan with four bedrooms and three full bathrooms, making it well-suited for a variety of living arrangements once renovations are complete. Whether your vision includes a spacious family home, a profitable resale project, or a long-term investment property, the generous layout offers endless possibilities for customization.
While the residence requires a complete renovation, it presents an exciting opportunity for buyers with the experience and creativity to restore the property to its full potential. The existing structure provides the framework for a remarkable renovation project where every room can be redesigned to reflect modern finishes, updated amenities, and today’s lifestyle preferences.
The expansive approximately 1.991-acre lot is one of the property’s most valuable features. Properties offering this amount of land are becoming increasingly difficult to find, providing abundant space for landscaping, gardening, outdoor entertaining, workshops, recreational activities, or future improvements. The generous acreage offers flexibility and privacy while allowing new owners to fully customize the outdoor environment.
This property is being offered through a live, in-person auction, creating a transparent and competitive buying opportunity for qualified purchasers. The opening bid is $70,000, presenting an attractive entry point for investors and buyers looking to maximize value.
Auction Details
The auction will take place Saturday, August 8, at 11:00 a.m., with registration beginning at 9:00 a.m. on the day of the sale. Prospective bidders are encouraged to arrive early to complete registration and review any final auction information before bidding begins.
The property will be sold strictly AS IS, WHERE IS, with no warranties or representations regarding its condition. Buyers should carefully evaluate the property prior to auction and complete all desired inspections, contractor estimates, surveys, title reviews, and any other due diligence before auction day.
The successful bidder will purchase the property without financing, inspection, appraisal, or option period contingencies. Buyers should be fully prepared to complete the transaction under the auction terms and have the necessary financial arrangements in place before participating.
A 10% Buyer’s Premium will be added to the final winning bid to determine the total purchase price. The Buyer’s Premium is due on auction day and may be paid by cash, personal check, or business check, provided the check is accompanied by a Bank Letter of Guarantee or other acceptable proof of funds as outlined in the auction requirements.
Closing is scheduled to occur on or before September 8 at 5:00 p.m. through McKnight Title, located at 3503 Paesanos Parkway, Suite 102, Shavano Park, TX 78231. Buyers should review all auction documents carefully and ensure they understand the required timelines and closing procedures before placing a bid. From: Zillow
Properties offering this combination of acreage, size, and renovation potential rarely become available through auction. Whether you’re searching for your next investment, a renovation project with substantial upside, or the opportunity to build long-term equity, this property deserves serious consideration.
Interested buyers are strongly encouraged to review the complete Auction Terms & Conditions, inspect the property in advance, verify all information independently, and arrive prepared to bid. With a competitive opening bid, generous lot size, and outstanding potential, this auction represents an exciting opportunity to acquire a property ready for its next chapter.
From: Zillow
From: Zillow