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NickHolt

Corpus Christi Speedway on the auction block

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http://taxsales.lgbs...tail/1008524477

 

241 Flato Rd, Corpus Christi TX 78405-4204

County: NUECES COUNTY
Sale Type:
Sale
Sale Date: 1/3/17 10:00 AM
Account Number: 7430-0004-0020
Assessed Value: $712,770.00
Est. Minimum Bid: $31,330.44
Status: Scheduled for Auction
Sale Information
Sale Number: 10
Book Number:
Writ Number:
Cause Number: 2015DCV-4793-E
Court Number: 148
Precinct:
Case Style: NUECES COUNTY VS KANDY MONROE
Judgment Date: 8/26/16
Legal Description: ROBLEX INDUSTRIAL AREA BK 4B, 19.86 ACS more...
Property Type: REAL PROPERTY
Class Code: F1
School District: West Oso ISD
Struck Off Amount:
Struck Off Date:
Sale Notes: No notes available
Additional County Info
Sale Location: at the South Door, 901 Leopard Street of the Courthouse of the said County, in the City of Corpus Christi, Texas
Sales are typically scheduled for: 10:00 AM
Notice of Sale will typically be posted on or in: Corpus Christi Caller-Times
Payment must be made by: cashier's check or money order
Payee: For more information, contact the officer conducting the sale.
Bidder Registration: For more information, contact the officer conducting the sale.

 

Wow !!!!!

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Well unless someone who has ties to the racing community purchases it at the auction, that will be another racetrack gone for sure in Texas.

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By the looks of that bid minimum anyone who was wanting to lease CTS could buy this one for less. Day job I say many times, purchasing is a much better option than leasing.

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well back taxes I think is the min bid ..sad deal contrary to one might think I have known dan for well over 40 plus years and yes have had our push and pulls . I have always been friends regardless ..hate for this to happen .cc has been a very large part of the mccains life going back to the early 60s . hope it stays a race track .

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Man I remember what a boom this place was back in the 80s. So much fun growing up there as a kid. Hope somebody can save it.

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I saw that the back taxes are around $53,000.00. I hate to see someone take this property and use it for industrial purposes. Come on Nick. Be a track owner. You might bring this old man out of retirement.

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Did a quick check and the property seems to be free of any other liens.

 

Thanks for sharing that info, Jason. Do you plan on bidding on the place on Tuesday?

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No, but I hope somebody with good intentions does. Given the super inflated value that the Nueces County Appraisal District has it assessed at, I'd imagine its on the radar for several groups.

Edited by Jason

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No, but I hope somebody with good intentions does. Given the super inflated value that the Nueces County Appraisal District has it assessed at, I'd imagine its on the radar for several groups.

If someone wants this property, do not let it go to auction. I suggest they contact Monroe and an Attorney TODAY. You can have it pulled. And the Tax Office may offer a payment plan.

Edited by Jason

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I actually feel that Kandy wants it to go to Auction because she will get whatever difference between what is owned for taxes and the auction price. She also won't have to pay any real estate commission.

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That's true, Sam. We have no clue. All we can do is report what seems official - and the tax lien and published auction notification seems pretty official to me.

 

But if you have insider information, I'd be more than happy to post for you.

 

Nick

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Nick I understand that whats reported might have been true at the time but mistakes are made everyday by all of us ....Go to the auction and I'll bet CC Speedway is not on the block

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