Auto-bidAs a bidder, you don't have to constantly watch auctions and worry about being outbid! All GovDeals Internet Auctions feature an auto-bid. In the bid box on the auction view page, enter the HIGHEST dollar amount that you are willing to pay, and the GovDeals bidding system will bid on your behalf by placing a bid at the current LOWEST minimum bid. If another bidder outbids your LOWEST minimum bid, the system will automatically place another bid, once again making you the current high bidder, until your "top dollar" number is reached. The auto-bidding system will continue to place the LOWEST minimum bids on your behalf until you are the winner of the auction or another bidder bids higher than your auto-bid. Auto-bids are completely private and are never displayed to other bidders. In the event of a reserve price auction, your auto-bid will immediately bid up to the amount of the reserve OR to the max amount of your auto-bid if the reserve price is in excess of your auto-bid.
Bid ExtensionIf a bid is placed during the final 3 minutes of an auction, the auction's current end time will automatically extend for additional 3 minutes. This will continue until no bids are placed during the last three minutes.
Probation Level 1 BiddingThis Seller has instituted a Bidder Probation Restriction on this auction. To have this restriction removed, a $1,000 refundable deposit in the form of a Certified Cashier's Check or U.S. Postal Money Order must be mailed to GovDeals, Inc., 100 Capitol Commerce Boulevard, Suite 110, Montgomery, AL 36117. Once 60 days have passed GovDeals will return this bid deposit.
Open auction where bidding starts at a fixed amount and increases by a minimum bid increment (or higher) by different bidders until the auction end time is reached. Once the auction has closed and a high bidder has been identified, the seller reserves the right to approve or reject the final offer.
Bid History for Lot 4 Summit Subdivision (Non-Waterfront)
Auction Start Date: 09/18/23 9:00 AM ET
Auction End Date: 10/20/23 6:00 PM ET
Asset ID: 11 Number of Bids: 0
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|Lot 4 Summit Subdivision (Non-Waterfront)|
|Auction Ends||10/20/23 6:00 PM ET|
|Remaining||22 Days 13 Hrs|
This item is subject to an auto
extension of the auction end time.
|This item is subject to Seller Approval.|
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|Terms and Conditions|
|Sign In to Place Bid|
You are bidding to enter into a 99-year leasehold with the City of Jacksonville, Texas. This property is a non- waterfront lot. The lot is approximately 1.32 acres, described as Lot 4 Summit Subdivision. To review/download the bid packet click on the link below. (Bid packet contains a sample of the lease, warranty deed, plat and the Lake Jacksonville rules and regulations.) Please review all the material in the bid packet closely prior to placing your bid.
|Additional Info: Summit Bid Packet June 2023.pdf, Lots 2,3 & 4 Summit Subdivsion.pdf|
|Questions and Answers|
|There are currently no questions posted for this asset.|
|Potential bidders may inspect the property at their convenience.|
Once a bid is accepted by The Jacksonville City Council, the winning bidder will enter into a an unimproved real estate contract for a lease-hold property with the City of Jacksonville, Texas. Upon execution of the contract, the winning bidder will deposit in escrow, 5% of the total winning bid with the City Of Jacksonville. The winning bidder will have 21 days to obtain financing. Closing will be within 60 days after the execution date of the real estate contract. Winning bidder will pay all closing costs and fees incurred by the city to place the property up for auction. (Please see bid packet for details of these fees)
Winning bidder will take possession of the property upon closing and funding.
|This property is a 99 year lease-hold property. (Please see bid packet for details of the lease and the lake rules and regulations.)|