Auction Date

02/24/2022 6:00pm

Property Information

TOTAL SOLD: $244,400

Tract(s): 1-3 @ $244,400 ($16,293/acre)
  • (3)  5+/- Acres Homesite Tracts!
  • City Water Available
  • Excellent Development Potential
  • Close Access to Highway 51
  • Outside Stillwater City Limits


Unique opportunity to purchase an outstanding potential homesite outside of Stillwater City limits with city water available!  These three 5+/- acres parcels are conveniently located just off of Highway 51 on Cottonwood Road, which is an excellent hard surface road in front of the properties.  Each parcel has a combination of large, mature trees and open areas – making an excellent setting for a potential home!  Buyer may submit bids on any individual tract, or the entire property making this a great opportunity to individual homesite Buyers and Investors too!

Property Locations

Turn south at the intersection of Hwy 51 and Cottonwood Road, immediately watch for signs!

Open House / Inspection Dates

Friday, February 4th from 3:00PM to 5:00PM
Wednesday, February 16th from 3:00PM to 5:00PM
Thursday, February 24th from 10:00AM to 12:00PM
Meet Brent & Tom on Tract 1

Auction Location

Stillwater Community Center – Dining & Event Hall
315 W 8th Ave, Stillwater, OK 74074

Tract Descriptions

Tract 1: 5± ac located along Cottonwood Road, the closest tract to Highway 51 has some huge trees and lots of seclusion making an excellent potential homesite.

Tract 2: 5± ac located along Cottonwood Road, the middle tract has a little more open area in the front of the parcel and more huge trees and a beautiful creek in the back.

Tract 3: 5± ac located along Cottonwood Road, the far southern tract perhaps has the best topography of them all and lots of ideal placed to put a potential home!

Interactive Map





PROCEDURE: Tracts 1 through 3 will be offered in individual tracts, in any combination of these tracts, or as a total unit. 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.

BUYERS 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 FINANCINGSO BE SURE YOU HAVE ARRANGED FINANCINGIF NEEDEDAND 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 Special Warranty Deed.

EVIDENCE OF TITLE: Seller agrees to make available to bidder a preliminary title insurance commitment to review prior to auction. The cost of title insurance, if the buyer(s) elects to purchase the title insurance policy, will be the responsibility of the buyer(s). 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 “ASIS“.

CLOSING: The closing shall take place 45 days after the auction or as soon thereafter as applicable closing documents are completed by Seller.

POSSESSION: Possession shall be at closing, subject to rights of current tenants.

REAL ESTATE TAXES: Real Estate taxes shall be prorated to the date of closing.

MINERALS: Seller specifically excepts and reserves all minerals, including without limitation, oil, gas, coal, coalbed methane, and all other hydrocarbons, lignite, and all metallic minerals, etc., if any, associated with the referenced real estate, and the term “Property” shall not include any mineral rights.

ACREAGE AND TRACTS: All acreages, dimensions and square footages are approximate and have been estimated based on current legal descriptions, property tax records and/or aerial photos. Any corrections, additions, or deletions will be made known prior to the auction.

AGENCY: Schrader Real Estate and Auction Company, Inc. and their representatives are exclusive agents of the Seller.

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 ISWHERE 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 STATEMENTS MADENEW DATECORRECTIONS AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes or additions to the property information.

Property Attachments