Address: 96 St N & Sheridan
City: Owasso 74055
Tract 1: 20± acres fronting Sheridan Road, mostly open
terrain with gentle topograph.
Bird Creek Ranch is comprised
of 440± acres of quality grassland, gently rolling
topography, numerous ponds and hardwood
creek bottoms all within 10 miles of Tulsa’s
Central Business District. The acreage features
diverse terrain throughout, creating appeal for
a wide range of potential Buyers. Whether you
are looking for a small acreage with paved road
frontage for a potential home-site or a larger
tract for agriculture production, recreation or
as an investment the auction will give you every
opportunity to create the package that best fits
your needs. In addition to surface right, the Sellers
have decided to convey their Mineral Interest with
each auction parcel. For more
thorough information regarding
title work, water-line mapping,
ground and aerial photography,
soil maps, FSA data and more
please reference our Bidder
Auction manager: Brent Wellings 972-768-5165 or
G7 Ranches: Greg Ganzkow 918-381-5656
PROCEDURE: Tracts 1 through 15 will be offered in
individual tracts, in any combination of these tracts, or as
a total unit per auction date and time. There will be open
bidding on all tracts and combinations during the auctions
as determined by the Auctioneer. Bids on tracts, tract
combinations and the total property may compete. The
property will be sold in the manner resulting in the highest
total sale price.
BUYER’S PREMIUM: The contract purchase price will
include a Buyer’s Premium equal to 4% of the bid amount.
DOWN PAYMENT: 10% of the total contract
purchase price will be due as a down payment on
the day of auction, with the balance due in cash at
closing. The down payment may be made in the
form of cashier’s check, personal check, or corporate
check. YOUR BIDDING IS NOT CONDITIONAL
UPON FINANCING, SO BE SURE YOU HAVE
ARRANGED FINANCING, IF NEEDED, AND ARE
CAPABLE OF PAYING CASH AT CLOSING.
APPROVAL OF BID PRICES: All successful bidders
will be required to enter into purchase agreements at
the auction site immediately following the close of the
auction. The auction bids are subject to the acceptance
or rejection by the Seller.
DEED: Seller shall be obligated only to convey a
merchantable title by Warranty Deed.
EVIDENCE OF TITLE: Seller agrees to make available
to bidder a preliminary title insurance commitment
to review prior to auction. Seller agrees to provide
merchantable title to the property subject to matters of
record, general conditions of title, and similar related
matters. All tracts sold “AS-IS”.
CLOSING: The closing shall take place on a date
mutually acceptable to the Owner and the Buyer (upon
completion of the survey, if applicable, the Final Title
Commitment and Seller’s closing documents). The
closing date shall not be later than January 12, 2016.
POSSESSION: Possession of the land shall be at closing
on Tracts 1 through 10. Possession of Tracts 11 through
15 shall be February 29, 2016 following the expiration
of current lease agreement.
REAL ESTATE TAXES: Real Estate taxes shall be
prorated to the date of closing.
MINERALS: Seller shall convey their Mineral Interest
with each individual auction parcel.
SURVEY: The Seller shall provide a new survey where there
is no existing legal description or where new boundaries
are created by the tract divisions in this auction. Any need
for a new survey shall be determined solely by the Seller.
Seller and successful bidder shall each pay half (50:50) of
the cost of the survey. The type of survey performed shall
be at the Seller’s option and sufficient for providing title
insurance. Closing prices shall be adjusted to reflect any
difference between advertised and surveyed acres, if a new
survey is determined to be necessary by the Seller.
ACREAGE AND TRACTS: All acreages are
approximate and have been estimated based on current
legal descriptions and/or aerial photos. Any corrections,
additions, or deletions will be made known prior to the
AGENCY: Schrader Real Estate and Auction Company,
Inc. and their representatives are exclusive agents of the
DISCLAIMER AND ABSENCE OF WARRANTIES:
All information contained in this brochure and all
related materials are subject to the terms and conditions
outlined in the Purchase Agreement. The property
is being sold on an “AS IS, WHERE IS” basis, and
no warranty or representation, either expressed or
implied, concerning the property is made by the
Seller or the Auction Company. All sketches and
dimensions in the brochure are approximate. Each
potential bidder is responsible for conducting his
or her own independent inspections, investigations,
inquiries, and due diligence concerning the property.
The information contained in this brochure is subject
to verification by all parties relying on it. No liability
for its accuracy, errors, or omissions is assumed by
the Seller or the Auction Company. Conduct of the
auction and increments of bidding are at the direction
and discretion of the Auctioneer. The Seller and Selling
Agents reserve the right to preclude any person from
bidding if there is any question as to the person’s
credentials, fitness, etc. All decisions of the Auctioneer
are final. ANY ANNOUNCEMENTS MADE THE
DAY OF THE SALE TAKE PRECEDENCE OVER
PRINTED MATERIAL OR ANY OTHER ORAL
NEW DATE, CORRECTIONS AND CHANGES:
Please arrive prior to scheduled auction time to inspect
any changes or additions to the property information.
OWNER: Virginia McDonald Miller Trust and Jay
Holmes McDonald Revocable Trust
Directions: From downtown Tulsa take Highway
75 North towards Bartlesville, travel northbound from
approximately 9.5 miles and turn right onto 96th Street
North. Travel on 96th Street for .75 mile and the property
will begin on your left.