207 E Pine St, Winnsboro, TX

ABSOLUTE REAL ESTATE AUCTION – 2.81± Acres in Winnsboro, TX Former School Property | 207 E Pine Street | Winnsboro, TX 75494 SELLING WITHOUT RESERVE! ONLINE BIDDING ENDS NOVEMBER 10, 2026, AT 2:00 PM CST. An opportunity to purchase approximately 2.81 acres in Winnsboro, Texas, through an absolute, online-only real estate auction! Located at 207 E Pine Street in Wood County, this property is the former Winnsboro ISD school and administration building that sustained extensive damage in a fire on September 6, 2020. The fire was reported to have originated from an electrical cause. The building has remained in severely deteriorated condition and is considered unsafe to enter. NO INTERIOR ACCESS WILL BE PERMITTED. Buyers should anticipate the possibility of complete demolition and are responsible for investigating demolition costs, environmental considerations, and all applicable redevelopment requirements. The property is being offered primarily for its approximately 2.81 acres of land. With approximately 2.81 acres, the property offers possibilities for future redevelopment, subject to city zoning, land-use restrictions, and any necessary approvals. Buyers are encouraged to explore the property's potential while carefully considering the costs associated with demolition, site preparation, and future development. IMPORTANT PROPERTY CONDITION & SAFETY NOTICE: The existing building is in severely deteriorated condition and is NOT SAFE TO ENTER. NO INTERIOR ACCESS OR INSPECTIONS WILL BE PERMITTED. The seller has disclosed known defects involving major structural and mechanical components, including the foundation, exterior walls, roof, windows, doors, plumbing, HVAC, and electrical systems. Buyers should anticipate substantial rehabilitation or demolition costs and conduct all available due diligence before bidding. Building square footage and acreage are approximate. AUCTION INFORMATION Property Address: 207 E Pine Street, Winnsboro, TX 75494 Land Area: Approximately 2.81 Acres Existing Building: Approximately 21,237 Sq. Ft. Auction Format: Online Only Reserve: NONE – Absolute Auction Bidding: Open Now Auction Closing: Tuesday, November 10, 2026, at 2:00 PM CST NO RESERVE. NO MINIMUM SELLING PRICE. HIGHEST QUALIFIED BID WINS! Whether you're looking for a redevelopment project or an opportunity to acquire acreage in Winnsboro, this absolute auction offers the chance to purchase a unique property at a price established by competitive bidding. Property sells in its present AS-IS, WHERE-IS condition, subject to the published auction terms and conditions. All buyers are responsible for verifying property information, zoning, permitted uses, environmental conditions, demolition requirements, and development feasibility before bidding.

1. This property is being sold without 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 not subject to prior sale. (The property cannot be purchased prior to the end of the auction.) 4. There will be a 10% 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 10% 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.