Terrace Park - 891 Greg Thatch Circle, Sacramento

Condition	Category
Used/See Description	Real Estate / Land Parcels

Condition	Category
Used/See Description	Real Estate / Land Parcels

Twin Rivers Unified School District (TRUSD) is soliciting bids in connection with the on-line auction (“Auction Sale”) of surplus real property (“Surplus Property”) located at 891 Greg Thatch Circle, Sacramento, 95835

8.21 Acre Parcel

Assessor Parcel: 201‐1070‐076

Zoning: Residential

The property is identified as Sacramento County assessor parcel number 201‐1070‐076.

The property is located at the north west corner of Greg Thatch Circle and Tres Piezas Drive.

The property is a 8.21 acre site of vacant land. The site is zoned for residential use.

The property is within a subdivision within Natomas and is surrounded by single family housing. There is a park to the north of the subject property.

The highest and best use for this property is residential development.

The property is expected to have above average marketability to residential developers as this is an infill site within Natomas.

The property is being sold 'AS IS, WHERE IS.' Twin Rivers Unified School District - Real Estate, CA makes no warranty, guaranty or representation of any kind, expressed or implied, as to the merchantability or fitness for any purpose of the property offered for sale. Please note that upon execution of a Purchase and Sale Agreement between the District and the high bidder, all sales are final.

**Please see the attached documents (Property Description & Analysis) **

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.

The offer will be memorialized in a Purchase and Sale Agreement between the high bidder and the District, which will be reviewed by the District’s Board of Trustees for final approval of the sale.

The auction is subject to a $1,000 bid deposit. The deposit will be fully refunded to those who do not win the auction. Please see attached the bid deposit instructions below.

YOU MUST BE A REGISTERED BIDDER BEFORE PLACING YOUR BID DEPOSIT.

Additional Info: Greg Thatch Circle.pdf, TRUSD Bid Deposit.pdf

Questions and Answers

Q: What does "You must be a Registered Bidder" mean? (6/2/22 2:03 PM)
A: In order to bid on this property you need to register as a bidder with www.govdeals.com and follow the instructions to send in a bid deposit via wire transfer. Thank you for your interest. (6/2/22 6:38 PM)

Seller Information

view other auctions from Twin Rivers Unified School District - Real Estate, CA

Seller Name	Twin Rivers Unified School District - Real Estate, CA
Asset Location	891 Greg Thatch Cir Sacramento, California 95835-2442 Map to this location

Inspection

Note: Please inspect items prior to placing a bid. It is IMPORTANT to visually inspect before bidding.

This site is open to the public and bidder is responsible to visit site on your own.

Please contact Kristen Coates at Kristen.Coates@twinriversusd.org, (916) 566-1600, ext. 31203

Payment

Wire Transfer is the only payment option for this item. The Wire Transfer Transaction Summary page will provide payment and account information. The Wire Transfer must be completed within 5 days unless otherwise specified below.

Admin Fee: A 5% Admin Fee will be added to the final selling price of all items in addition to any taxes imposed.

Payment shall be made through Twin Rivers Unified School District. Winning bidder will have (60) calendar days to complete the transaction. These payment instructions over-ride the standard payment instructions.

Acceptable forms of payment are: U. S. Currency, Certified Cashiers Check, Money Order, or a Company Check (with Bank Letter guaranteeing funds - mandatory).

ALL SALES ARE FINAL. Once property transaction is confirmed by GovDeals, the purchaser will work with Twin Rivers Unified School District Attorneys office on the conveyance of the property.

TAX EXEMPTION: Where taxes are applicable (see the Buyer's Certificate), Tax Exempt documents must be provided to this seller within 24 hours of the auctions close and before payment is made. Please see the contact below for any questions.

If you are the winning bidder of the asset and you fail to pay for per the terms and conditions, you will be in default, and the following will occur:

1. You will forfeit your bid deposit in its entirety.
2. Your GovDeals account will be locked.
3. You will be subject to a fee of 40% of the sold amount of the asset as a default fee.

Additional Fees

Administrative Fee:

5.00%

Media

Terrace Park - 891 Greg Thatch Circle, Sacramento

Special Instructions

NOTICE: If you are the winning bidder and default by failing to adhere to this sellers terms and conditions your account with Liquidity Services WILL BE LOCKED.

Guaranty Waiver. All property is offered for sale 'AS IS, WHERE IS.' Twin Rivers Unified School District - Real Estate, CA makes no warranty, guaranty or representation of any kind, expressed or implied, as to the merchantability or fitness for any purpose of the property offered for sale.

Description Warranty. Seller warrants to the Buyer that the property offered for sale will conform to its description. Any claim for misdescription must be made prior to final documents being signed. If Seller confirms that the property does not conform to the description, Seller will keep the property and refund any money paid. The liability of the seller shall not exceed the actual purchase price of the property.

Terrace Park - 891 Greg Thatch Circle, Sacramento
Auction Closed
High Bidder:	n****p
Sold Amount:	$1,720,000.00
Admin Fee ( 5.00% ):	$86,000.00
Total Price:	$1,806,000.00
View Bid History
Terms and Conditions