Bidding Open now through October 29, 2024 @ 2:00pm

Own a Piece of History: 506 S 6th St, Gatesville, TX - Online Auction 

Welcome to 506 S 6th St, Gatesville, a timeless treasure built in 1935, now available for online auction. This exquisite property is a blend of historical charm and modern potential, perfectly situated on an oversized corner lot with stunning river valley views. Located just a short walk from downtown Gatesville, this home offers the perfect balance of convenience and serenity. 

What Makes 506 S 6th St a Unique Historical Home? 

This home has been lovingly restored to highlight its historical charm while offering a blank canvas inside for your creative touch. The exterior has been beautifully remodeled, featuring a wrap-around porch on two sides of the house. Imagine relaxing here, enjoying the tranquil river valley views, and soaking in the beauty of this picturesque setting. 

Why is This Property a Great Investment Opportunity? 

With 1,988 square feet of space, this two-story home provides ample room for your dream design. The current floor plan includes an open kitchen, dining, and living area, creating a welcoming space for family and friends. The downstairs master bedroom opens directly onto the porch, offering a peaceful retreat. Additionally, the first floor includes a convenient laundry room and a large pantry area. The second floor is ready to be transformed into two or three bedrooms and a bathroom, perfect for family and guests. 

What Can You Do With This Blank Canvas Interior? 

The interior of this home is a blank canvas, inviting you to bring your own creativity and personal style. Whether you envision a modern open-concept layout or a cozy traditional design, this property offers the flexibility to make it your own. This is an opportunity of a lifetime to own a piece of history and design your home exactly the way you want it. 

How Can You Take Advantage of This Auction? 

This online auction gives you the chance to acquire a unique historical property at a great price. Don't miss out on this rare opportunity to own a charming piece of Gatesville's history while creating a home tailored to your vision. Register for the auction now and take the first step toward making 506 S 6th St your own. Experience the perfect blend of historical charm and modern potential with this exceptional property.
 

1. This property is being sold with a reserve.

2. There is a 11% buyer's premium. 11% or $2500, whichever is greater, will be added to your high bid to arrive at the contract price. KEEP THIS IN MIND WHILE YOU'RE BIDDING. Example: High bid $100,000.00 X 11% = $11,000.00. $100,000.00 + $11,000.00 = $111,000.00 is the contract price.

3. The property is subject to prior sale. (The property can be purchased prior to the end of the auction.)

4. There will be a 5% deposit due within 24 hours after the close of the auction from the successful bidder. Immediately following the bidding, the successful bidder will execute a contract for the purchase of the property and deposit 5% of the contract price with the escrow agent. Personal checks are accepted. The contract is NOT assignable, NOT contingent upon financing, NOT contingent upon inspections.

5. The balance of the purchase price is due at closing within 30 days. Each purchaser is responsible for obtaining his/her own financing if necessary. You must be pre-approved for financing. If you are unsure of your ability to obtain the necessary financing, do not bid as you could lose your earnest deposit if you don't close.

6. A seller's disclosure of condition of the property has been provided in the materials. The property is being sold "as is" and "where is" with all faults, if any. No warranty as to condition or suitability for any purpose is expressed or implied. Buyers shall rely entirely on their own information, judgment and inspection of the property and records prior to the auction. None of the personal property will be conveyed with the sale. Bidding signifies agreement to all disclosures.

7. The contract to purchase this property is subject to the seller being able to provide an insurable title. Purchaser will pay all closing costs associated with this transaction with the exception of the seller providing owners title insurance and pro-rated taxes. All other expenses will be paid by Buyer.

8. All adjustments of taxes or other pro-ratable items on this property shall be prorated as of the date of closing.

9. Bidding signifies you have read and are in agreement with terms and conditions of the auction. If you do not agree, do not bid!!

10. If you wish to be a back up bidder, please contact us after the auction and we will put you on the list in the event the high bidder does not close. We will contact you and invite you to purchase the property. There is no obligation to purchase and no signature is required. This is a matter of reference only.

11.The auctioneer controls the bidding, corrects any mistakes made, and determines how to handle tie bids.

12. Neither Auctioneer nor Seller shall be liable for any personal injury on the sale premises. Buyer assumes all risk and liability whatsoever resulting from the use of the item(s) sold hereunder, and shall defend, indemnify, and save harmless Seller and Auctioneer from any liability.

13. Online Auction Technology (Disclaimer): Under no circumstances shall Bidder have any kind of claim against United Country | H5 Auction & Realty, Broker of record, or anyone else, if the Internet service fails to work correctly before or during the auction. Online bidding is subject to technology faults and issues which are outside the control of the auction company. Bidder(s) are encouraged to use the “Maximum Bid” feature on the bidding platform and lock in their maximum bid amount, if they are concerned about technology failure during the auction. The SELLER and/or Auction Company reserves the right to (pause) the online auction bidding in the event of any internal or external technology failure, to preserve the integrity of the auction event and maintain a fair and impartial bidding environment.

14. Any unresolved complaint with H5 Auction & Realty should be directed to : Texas Department of Licensing and Regulations; P. O. Box 12157; Austin, TX 78711; 512-4636511, www.tdlr.texas.gov.