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Incredible Estate Home in Historic Georgetown TX
Watch this Listing
Listing ID: 119457 
Status: Active
1008 East University Avenue ~ Georgetown, TX Single Family | Luxury Estate
Starting Bid: $250,000 
Number of Bids: 0 Bid History
High Bidder:
Time Remaining
DaysHoursMinutesSeconds
- - - -
 
Bidding Opens: Aug 10, 2018 10:00 AM
Bidding Ends: Aug 23, 2018 7:00 PM  (Central)
Starting Bid: $250,000
Contact: Caprock Auction Group
See Terms Below for Bidding Instructions
(Auto-Updated Every 60 Seconds)
 
Contact Info Address Info Property Info Pictures Description Bidding History Questions Terms


Contact Information
Contact Type: Listing Agent/Auctioneer
Contact Name: Caprock Auction Group
Agency Name: Caprock Auction Group
Contact Phone: 806 410 0644
Showings: Call for Appointment


Address Information
Street Address: 1008 East University Avenue
City: Georgetown
County: Williamson County
State/Province: TX
Postal/ZIP Code: 78626
Country: United States
Map:
Click for Expanded Google Map / Directions 

Property Information
Property Type: Single Family
Category: Luxury Estate
Bedrooms: 6
Full Bathrooms: 6
Half Bathrooms: 1
Square Footage: 5,318 (Approximate)
Lot Size: .66 Acres
Basement: No Basement
Parking: 2 Car Garage
Year Built: 1914
Taxes:
MLS/FMLS ID:

Picture Gallery

Description

See full pictures here

 

This is an amazing property with so much potential. 

This home has been loved and cared for and is in beautiful condition. 

 
Presenting for Auction 1008 E. University Ave also known as "the San Gabriel House Bed and Breakfast" 
 
This auction is for the real estate, the business can be purchased as an ongoing business for an additional amount in addition to the real estate. Please contact us if you are interested in the ongoing business and to review financials. 
 
This beautiful estate home is located in quaint Texas hill country town of Georgetown.  The mansion was built in 1914 by the Belford Lumber Company and boasts 5,318 square feet of charm and elegance with amazing woodwork and beautiful authentic craftsmanship. The home features 6 bedrooms, 6.5 bathrooms, formal living, formal dining, multiple sitting areas, formal library, and picturesque gardens for pure relaxation and peace. This circa 1914 home remains remarkably original, with a floor plan that is very practical for modern-day use. Located directly across from Southwestern University in the highly desirable Olive Street Historic District, the home rests on a 2/3 acre lot (half block), well-shaded with a dozen mature pecan trees. Plenty of natural light throughout the property (nearly every room having 3 walls of windows), original doors, floors and cabinets, with a recently renovated kitchen that keeps with the historic charm. The property includes a carriage house that has two, 1 bedroom apartments totaling an additional 1200 SF. 
 
 
 
 
 

Property Information

Real Estate

 

Area Historic District Georgetown TX  
Square Foot 5,318
Bedrooms  Six
Bathrooms Six and One Half
Patio Areas   Two
Heating and Cooling  Central Heat and Air
Corner Lot   Yes 
Exterior Brick/  Cypress wood shiplap 
Fence Wood
Courtyard Yes 
Floor Pier and Beam 30 Inch Crawlspace 
Story Double
Garage Two Stall Detached

 

Special Features:

 

  • 2 Additional Apartments, 600 SF Each  
  • Full Library in Home 
  • Located on 1/2 City Block, 3/4 Acre 
  • Can be operated as Bed and Breakfast / Air B&B 
  • Located in Olive Street Historic District 
 
Some additional info:
 
The carriage house is 2 beds/2 baths, 1200 sqft (600 up, 600 down) - it has its own water heater and it's own electric meters, as well as window AC units on each level. The water in the carriage house is tied with the rest of the property. The entire property was built circa 1914 according to a historian. The siding is all cypress wood shiplap, and the pillars out front around the porch are solid brick. The roof is composition shingle (15 yrs old), but the section over the porch is metal. The home was built by Belford Lumber Company and is located in the Olive Street Historic District. It's foundation is pier and beam with the duct work under the house - 30" of crawl space. It is zoned single family residential with a special use permit for B&B. The floors are long leaf pine upstairs, oak downstairs. The doors are mahogany. All original doors, floors, cabinets. Ceilings are 12' downstairs, 10' upstairs. Nearly every room has 3 walls with windows. There are 12 mature pecan trees on the lot in addition to the various other trees/plants. There is a 21-zone sprinkler system and LOTS of square footage of porch space (1100 sqft +- in the wraparound alone). The AC and Heat are located outside, and the AC units were replaced 2 and 5 yrs ago. There is Central AC and heat, in addition to window units in each guest room upstairs so they can control their own temp. The water heater consists of 2 redundant systems - keeps 100 gallons of hot water at a time. For the insulation, there is a radiant barrier and Dee & Neil have added additional insulation since they've owned the property. There are 55 interior storm windows (temp, UV, sound, and bug protection). 
 
 


Utilities:

Water City of Georgetown  
Electric Georgetown Utilities
Gas Atmos 
Sewer and Waste City of Georgetown   

Zoning

Residential with Special Use Permit for Bed and Breakfast 
 

Bidding History
BidderBid AmountBid TimestampAuto-Bid
----- No Bids for Auction -----

Questions
 
Question: Since the listing states that the business can be bought for an additional sum, does this mean that the property is subject to an executory contract that would prevent the property from ceasing to be used as a bed and breakfast and instead used as a private residence?
Answer: We are checking with the owners now. Will let you know as soon as we get an answer. Thank you. Just to be sure, you are asking if you would be able to continue running a B&B even if you do not purchase the existing business and the house only? Thanks
Question: No, I'm not interested in operating a B&B. I would like to know if the property can be used exclusively as a private residence.
Answer: Thomas, Yes the property can be used as a home exclusively. It's zoned single family residential with a special use permit. Does not have to be operated as a business, however has freedom to do so.Does that answer the question for you?

Terms
  1. Broker and Auctioneer. Keller Williams Realty ("Broker") and Christiaan D. van Reenen ("Auctioneer") are collectively acting solely as agent for the owner of the property and not as agent for any bidder at auction. .
  2. Conveyance of Property. The above described property ("Property") will be conveyed to the buyer free and clear of liens or encumbrances other than building use restrictions, easements, zoning ordinances, outstanding mineral interests, ad valorem taxes for the current year, any purchase money lien created by the buyer, any other matters of public record. .
  3. Property Condition. The Property will be sold in its as is, where is condition. The owner, the Broker and the Auctioneer disclaim all guarantees, warranties, or representations of any kind as to the condition of the property, whether implied or at any time expressed, with regard to the Property. The bidder should conduct due diligence prior to bidding, with respect to title matters and property condition, or seek the advice of professionals with regard to those matters. Packets of information about the Property will be made available to prospective bidders. However, neither owner, nor Broker, nor Auctioneer warrants the accuracy or completeness of the information contained in the packet. .
  4. Bidder Registration. All bidders who wish to bid in the auction must register with the Auctioneer or online to participate. Bidders must be at least eighteen (18) years of age and furnish a driver's license or other valid identification. The Auctioneer reserves the right to refuse to register or admit a bidder at the Auctioneer's sole discretion. .
  5. Earnest Money Contract and Deposit. At the conclusion of the auction the Owner and the successful bidder shall enter into an earnest money contract, requiring an earnest money deposit of $25,000 for the Property. The earnest money deposit shall be held by the escrow agent designated in the earnest money contract to be applied to the purchase price at closing. Closing must occur on or before 30 days of auction closing.
  6. Title Insurance, Survey and Possession. After closing and funding of the sale and purchase of the property, the owner of the Property ("Seller") shall furnish, at the owner's expense, an Owner's Policy of Title Insurance to the successful bidder ("Buyer"). The Seller shall furnish any existing survey of the Property which Seller may possess, if any, to the Buyer prior to closing. In the even a new survey is required to complete the sale and purchase of the Property, such survey will be the expense of the Buyer. Buyer shall be entitled to possession of the Property upon closing and funding. .
  7. Buyer's Premium and Final Purchase Price. A "Buyer's Premium", equal to ten (10.00%) percent of the successful bid price will be added to the high bid price for the Property, to arrive at a final purchase price ("Final Purchase Price"). For example, if the successful bid price for the Property is $100,000.00, then a Buyer's Premium, to be paid by the Buyer, will be added to the bid price to arrive at a final purchase price for the Property of $110,000.00. The Buyer's Premium does not create an agency relationship between the Buyer and the Broker or the Buyer and the Auctioneer. Broker and Auctioneer represent the Seller only. .
  8. Bidding. The high bidder, as recorded by the Auctioneer, agrees that the high bid is an irrevocable offer to pay the Final Purchase Price for the Property. It is the responsibility of every bidder to make certain that his or her bids are made known to the auctioneer. The Broker and the Auctioneer disclaim any responsibility or liability arising in any way from bids not spotted, executed or accepted. In the case of any dispute between bidders, the Auctioneer reserves the right, in the sole discretion of the Auctioneer, to reopen the bidding pursuant to terms determined by the Auctioneer in the Auctioneer's sole discretion. The Auctioneer, at the Auctioneer's sole discretion, may reject, disqualify or refuse any bid which Auctioneer believes to be fraudulent, illegitimate, offered in bad faith, or offered by someone not qualified to bid. The auction sale is complete when the Auctioneer so announces. Should a dispute arise between bidders after the completion of the auction, the Auctioneer's records shall be deemed conclusive in all respects. .
  9. Limitation of Liability. Neither Owner, Broker nor Auctioneer shall be liable for any damage or injury to person or property at or upon the sale premises. Each person entering in or upon the sale premises assumes any and all risks for the safety of such person, for the safety of any minors accompanying such person, and for any property belonging to such person or to such minor. Owner, Broker and Auctioneer disclaim any and all liability for lost or stolen property. .
  10. Buyer's Failure to Perform. Should the successful bidder fail to perform the Buyer's obligations under the terms of the auction, in addition to other remedies available to the Seller by law, including the remedy of specific performance, the Seller may: a) resell the property at public or private sale and hold the Buyer liable for the payment of any deficiency purchase price, plus all costs incurred; and/or b) cancel the sale to the Buyer and retain as liquidated damages all deposits and payments made by the Buyer. All Auctioneer's commissions, incidental damages, court costs, attorney's fees and expenses inured by Auctioneer will be charged to the non-complying high bidder. .
  11. Agent/Broker Participation. Licensed real estate salespersons and brokers are invited to participate in representing bidders at the auction. A commission up to twenty (20.00%) percent of the ten (10.00%) percent Buyer's Premium collected by Keller Williams Realty, will be paid to the broker who represents the Buyer at the auction and closing of the sale of the Property. Agents must register their clients at least 24 hrs prior to the auction close with no exceptions. A Participating Agent/Broker Form is available at Keller Williams Realty. A buyer’s agent may only represent one (1) client at a set auction. .
  12. Recording Devises. No photographs, audio recordings or video recordings are permitted at the auction without the express permission of the Auctioneer. However, the Auctioneer may make photographic, audio and/or video records of the auction for future promotional or advertising purposes. The use of such photographs, audio and/or video records with the bidder's likeness or image is hereby authorized by all bidders. .
  13. Severability. If any provision of this Agreement is declared or determined to be null, void, inoperative, illegal or invalid for any reason, the validity of the remaining parts, terms or provisions will not be affected thereby and they will retain their full force and effect, and said null, void, inoperative, illegal or invalid part, term or provision will not be deemed to be part of this Agreement.
  14. Interpretation. Each party to this Agreement acknowledges that it has read, or has had the opportunity to read, the terms provided herein. The parties agree that this Agreement reflects the terms as agreed to by the parties hereto. In the event a term or terms is considered ambiguous, neither party hereto, nor their respective counsel, will be considered the draftsperson of this agreement for the purpose of causing the terms of this Agreement to be construed against a party hereto. .
  15. Governing Law. The parties here to acknowledge and agree that this Agreement is made and entered into in the State of Texas, and will in all respects be interpreted, enforced and governed under the internal laws (and not the conflicts of laws) of the State of Texas. In the event that the parties hereto, or any one of them, litigate any actual or potential breach of this Agreement, the parties hereto stipulate and agree to jurisdiction and continuing venue for any such action in the State of Texas. .
  16. Rights Not Transferable. All rights granted herein are personal and exclusive to the registered bidder, and may not be assigned or transferred to another person or entity, by operation of law or otherwise. Any attempt to assign or transfer any such rights shall be void and unenforceable. No third party may rely on any benefit or right conferred herein or granted to any bidder. .
  17. Binding Effect. Each party binds itself and its partners, representatives, employees, successors, executors, administrators and assigns to the other party of this Agreement and to the partners, representatives, employees, successors, executors, administrators and assigns of such other party, in respect to the promises, representations, acknowledgements, covenants and responsibilities contained in this Agreement. .
  18. All bids are placed in US Dollars.
  19. Auction Conclusion. The conclusion of the auction will be at 7:00 PM on August 23rd. The auctioneer reserves the right of anti sniping, in the event that a bid is placed within 60 seconds of the end of auction, the auction will automatically extend to provide an additional 60 seconds of bidding time. The time will continue to extend 60 seconds after each additional bid until such time that no bids are placed for 60 seconds. Upon the elapse of 60 seconds after the last bid the auction will close. .
  20. High Bid is Subject to Seller Confirmation
Buyer Premium: 10.0%
This fee is added to the winning bid amount and is paid by the Buyer. High Bid + Buyer Premium = Selling Price.

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