IRS Auction - Sales Ad for Laredo, TX

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SEEKING GUARANTEED BIDDER

Date:

To Be Announced

Time:

To Be Announced

The Internal Revenue Service is seeking prospective purchasers of real property in order to redeem and sell the property located at:

The property located south of Laredo, Texas on U.S. Highway 83 at the Webb / Zapata County Line and more fully described in legal description.

Description of Property:

Drag strip with bleachers and out buildings sitting on a tract of land covering approximately 31.577 acres. Property appraised by Webb County Appraisal District at $526,250.00.

Property May Be Inspected at:

Drive by only-South of Laredo, TX on U.S. Highway 83 at the County Line for Webb and Zapata Counties. Former site of XCESSIVE RACEWAY PARK.

Legal Description:

EXHIBIT A

Being 31.577 acres of land, more or less, of which 0.17 acres is situated in Porcion 56, Abstract 295, Jose Antonio Trevino, Original Grantee, and 31.407 acres is situated in Porcion 57, Abstract 424, Jose Maria de la Garza, Original Grantee, Webb County, Texas. Said 31.577 acre tract being out of a 17,277.3 acre tract of land, about 28 miles southeast of Laredo, Texas known as the “San Antonio Ranch” and further described as Share 6 in that Partition Deed of the Bajo Division of the Bruni Lands dated April 15, 1944, recorded in Volume 178, Pages 384-397, Deed Records, Webb County, Texas. Said 31.577 acre tract being more particularly described by metes and bounds as follows, to-wit:

BEGINNING at a ½ inch diameter iron rod found by a fence corner post on the most easterly line of right-of-way of U.S. Highway 83 at it’s intersection with the occupied southeast line of the 3072.0 acre Hermanas Pasture out of said Share 6, the most southerly corner of this tract, from whence a concrete monument found at the most southerly corner of said Share 6 and the Hermansas Pasture bears S 54°22’00” W, 156.10 feet;

THENCE N 18°36’13” W, with fence and east line of right-of-way of U.S. Highway 83, at 418.35 feet a ½ inch diameter iron rod set under fence for the most westerly corner hereof;

THENCE N 54°22’01” E, at 3103.5 feet pass an overhead high voltage electrical line, and at a total distance of 3377.47 feet a ½ inch diameter iron rod set for the most northerly corner hereof;

THENCE S 35°38’04” E, at 399.99 feet a ½ inch diameter iron rod set under fence and occupied southeast line of the aforementioned Hermanas Pasture out of Share 6, the most easterly corner hereof;

THENCE S 54°22’00” W, a bearing of record and the BASIS OF BEARINGS for this survey, with fence and occupied southeast line of the Hermanas Pasture, at 513.9 feet pass the aforementioned overhead high voltage electrical line, and at a total distance of 3500.00 feet the POINT OF BEGINNING.

Minimum Bid:

$325,000.00

Bid Note:

Agreement to Bid must be received no later than May 29, 2009.

Click here for Agreement to Bid Form

Click here for photos of property

To redeem the property under (Section 7425(d) of the Internal Revenue Code or Section 2410 of Title 28 of the United States Code), the Internal Revenue Service must obtain a written agreement to bid, secured by a deposit of 20% of the amount of the bid. The deposit should be made payable to the “United States Treasury Department” in the form of a cashier’s check or certified check, a bank or postal money order, a certificate of deposit, or an irrevocable letter of credit. If redeemed, the property will be sold pursuant to Section 7506 of the Internal Revenue Code subject to any prior outstanding mortgages, encumbrances, or other liens that may be superior to the lien of the United States. Agreements to bid must be accompanied by the required deposit.

The Agreement to Bid and deposit should be sent to:

Name:

Ron May

Title:

Revenue Officer

Bureau:

Internal Revenue Service

Address:

1645 S. 101st E. Ave.
Stop: 5022
Tulsa, OK, 74128

Phone:

918-384-4794

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