ONLINE ONLY
April 11th at 8am - April 18th at 2pm

PROPERTY ADDRESS
Ellerbe, Danbury and New London,  NC

INSPECTIONS
At buyers leisure and Liability or by appointment
Please call auctioneer for access to auction lots 3 and 4

PROJECT MANAGER
Richard Lilly
704-294-5647



PROPERTY DESCRIPTION

Auction Lot 1
12+/- Acres Off Seven Island Road in Danbury, NC

Stokes County

12+/- Acres in a rural setting less than an hour drive from Winston-Salem and Greensboro
324 +/- FT of access bordering the Dan River
Physical Address is ‘Off Seven Island Road, Danbury, NC’
Stokes County, NC  PIN:  6947-63-4030      Deed Book:  0689  Page:  0859
Zoning:  R-3;  Land Class = Sgl. Family Residence
Parcel Description:  TRZ BM9-53 & 54
Tax Value = $133,100
Wooded acreage in hardwoods with rolling contour that descends from west to east to the Dan River.  There are no permanent residences in the subdivision.  

  • Property is located in Caves of Dan subdivision near Danbury, NC
    • Road maintenance agreement is currently in place and requires a $150/yr. fee for all property owners in Caves of Dan
    • Access to the property is a gravel drive off Seven Island Road in Danbury.
    • Gravel Drive splits to two directions.  Right fork leads to subject property being offered.
    • Cul-de-sac privacy to the property
      Deer, turkey and other wildlife sign are abundant on the property
  • This property is gated.  Please call the Iron Horse Auction Company for access instructions.
  • Property Owners Association exists and a copy of the covenants are in the documents section of the Auction website. 
  • Property is wooded with a trail cleared from the entrance road that meanders through most of the land.   The west end of the property is elevated and descends to the river.   The Dan River is approximately 50+/-  ft. wide at the property.   The water appears to be nearly a foot or more deep across and runs very clear.  Property lines extend into the mid-point of the river.    A walking trail exists along the river that is an easement for all property owners in Caves of Dan to utilize.   The trail is currently marked with blue ribbon. 
  • Directions:
    • From Danbury, NC follow Hwy. 89/8 north.  Approx. 1 mile north of the Stokes County Courthouse turn right on Seven Islands Road.
    • Follow Seven Islands Road for approx. one mile.   Turn right on gravel road.
    • Follow gravel road approx. 150 yards and the road divides.  Take the right road and procced to the end of the road.  Property is at the end of the road. WATCH FOR AUCTION SIGNS.
      7% Buyer's Premium




Auction Lot 2
10+/- Acres w/ Poultry Houses and Manufactured Home Located at 672 Gibson Mill Road in Ellerbe, NC

Richmond County

10 +/- Acres with Four Chicken Houses and a Manufactured Home.  Property has an older home structure that is in very poor condition. Bordered to the north and east by Sandhills Gamelands.
PIN:  840800196288       Deed Book:  1363  Page:  420 
Tax Value = $130,395

  • Chicken Houses 3 and 4 were built in 1995 and 1999 respectively with the following other attributes:
    • 42 FT x 500 free span construction
    • 6” Cool Cell Pads
    • Big Dutchman Feeders
    • Val Nipple Drinkers
    • Choretronics Controllers
    • Propane fired radiant and box
    • 2  15 ton feed bins are at each chicken house
  • Chicken Houses 1 and 2 were built in 1988 and have the following attributes:
    • 40 FT x 500 with interior post construction
    • 6” Cool Cell Pads
    • Ziggity Drinker
    • 6” Cool Cell Pads
    • Choretronics Controllers
    • Propane fired radiant and box heaters
    • 2 15 ton feed bins are at each chicken house
  • A John Deere 100KW generator supplies power during outages.  Engine conforms to 1998 standards
  • There’s a 36 FT x 72 FT litter shed on the east end of the property with a concrete floor and 10 FT concrete apron on the open end.
  • A livestock shelter that’s approx. 25 FT x 40 FT resides on the front portion of the property.
  • All houses have been out of production for over a year.
  • There are three active wells supplying water to the property.  Two have 1 HP pumps and the 3rd  well has a ¾ HP pump.
  • There’s an incinerator present that conveys with the property. 
  • The manufactured home is vacant.  It has housed farm employees.
    • 2 Bedroom, 1 Bath
    • 1986 Silver Eagle Homes
      Home is in the process of renovation
    • Manufacturer’s Serial Number:  SEHRNC10403860761

Property Location/Directions:
From Ellerbe: Take Hwy 220 north on Main Street.  Turn right on Pressly Rankin Highway.  After approx. 1.5 miles turn left on Fire Tower Road.  Follow Fire Tower Road approx. 4 miles to the STOP sign at Gibson Mill Road.  Turn left on Gibson Mill Road.  Property is approx. ½ mile on right.

From Interstate 73 take the Ellerbe exit which is Church Street.  Proceed on Church Street and it will become Pressly Rankin Highway.  Approx. ½ mile off I-73 turn right on Fire Tower Road. Follow Fire Tower Road approx. 4 miles to the STOP sign at Gibson Mill Road.  Turn left on Gibson Mill Road.  Property is approx. ½ mile on right.
The Seller does not warrant that the poultry houses meet specifications for certain growers.  They may need to be upgraded.  All bidders should consult with their integrator that they want to contract with prior to bidding & purchasing.
7% Buyer's premium

Auction Lot 3
House and Lot Located at 2165 Highway 220 North in Ellerbe, NC

2165 Hwy. 220 North, Ellerbe, NC  -  Home is on Alt./Bus. Hwy. 220 south of the square in Ellerbe.  2165 is three homes north of Park Ave. on the west side of Hwy. Bus. 220.
2 Bedrooms,  1 Bath, Kitchen and Living Area
Richmond County, NC   PIN:  747701199676
Lots 13 & 14  Block C
Deed Book:  1466   Page:  610
Tax Value:  $12,267
Wood frame structure with block underpinning foundation
Asphalt roof.
Front and rear porches
Ruud central heat and air conditioning
City water
House is in the process of a remodel.   Was previously used as rental property   Bathroom is in process of remodel and the carpet has been removed but not replaced.   There are no appliances.  There is a new water heater in the crawl space. 
Please call auctioneer to schedule an appointment.

10% Buyer's Premium

Auction Lot 4
Vacant Lot Located at 332 Millingport Lane in Uwharrie Point Subdivision, New London, NC

Montgomery County

Residential Lot offering in a premier golfing community next to Badin Lake. Luxury living with golf at Old North Club. Pay your price at auction instead of listed prices.  
Uwharrie Point Subdivision-Subject to all restrictions and covenants
Home Owner’s Association fees are $550 per quarter.   
Cottage Lot # 79

  •  Wooded building lot in Millingport section of Uwharrie Point.
    • Lot is flanked by other homes and a concrete sidewalk community walking trail.
    • Rear of lot opens to community yard area.
    • City water and sewer
    • All streets leading to and from lot are paved with streetlights.
  • PIN:  6672-05-09-9615     
  • Deed Book:  969  Page:  160
  • Lot is .19 +/- acres or Approximately 8108 square feet.
  • Tax Value = $37,400
  • Zoned Residential
    Please call auctioneer to gain access to Uwharrie Point to inspect lot


 

Importance of Terms:

Please take the time to read the following set of terms and conditions for the online auction. When you register to bid, you will have to acknowledge that you have read these terms and conditions. If you intend to register, the following items will pertain to you.

 

Agency:

Iron Horse Auction Company, Inc. is acting as agent of the Seller and at no time acting on behalf of the Buyer.

 

Buyer's Premium:

For Auction Lot 1 & 3 there will be a Seven Percent (7%) Buyer’s Premium added to the final bid price to determine the final contract purchase price. For Auction Lot 2 there will be a Ten Percent (10%) Buyer’s Premium added to the final bid price to determine the final contract purchase price.  If the Buyer is represented through a Buyer’s Agent, there will be an additional Two Percent (2%) Buyer’s Premium. In order to verify that the credit card used for registration is valid, the bidding platform requires a $100.00 authorization hold be placed on credit cards in order to register to bid. This charge will be removed within a 24-hour time period after registration.

 

Auction Ending:

Online auctions are timed events and all bidding will begin to close at a specified time. Online auctions also have an auto-extend feature. Any bid placed in the final ten minutes of an auction, will automatically extend the auction ten minutes from the time the bid was placed. Example: If an auction is scheduled to close at 6:00 and receives a bid at 5:51, the close time will automatically extend to 6:01. The auto-extend feature will continue until there is a ten-minute period without a bid being placed on any item in the auction.

 

Time Reduction:

In the event that the auto-extend time needs to be decreased, Iron Horse Auction Company, Inc. may decrease the extended time amount at any time during the auction until the close of bidding. A Pop-Up Message in the Instant Message Center on the bidding page will notify Bidders prior to the time reduction unless the time is reduced at the sale at the auctioneers discretion.

 

Outbid / Back-In Notification:

During this auction process, there is a chance that you will be overbid by a combination bid of multiple lots. At that time, you will receive an outbid notification. If another Bidder breaks the combination by raising the bid on a lot other than the lot you were bidding on, you will automatically be placed back in the winning position for your lot. You will then receive a back-in notification. Until the auction begins to close, the bidding software will notify Bidders by email when they have been outbid. Bidders may also find out if they have been outbid by refreshing the individual lot information. Due to varying internet connections and speed, sometimes email notifications can be delayed. We are not responsible for failure of any part of the bidding process or internet bidding.

 

Property Information & Inspection:

Iron Horse Auction Company, Inc. is not responsible for any missing or incorrect listing information. Iron Horse Auction Company, Inc. has attempted to provide accurate descriptions; however, it is the Bidder's responsibility to conduct inspections to determine the condition and feasibility of the Bidder’s intended use. Descriptions that are provided by Iron Horse Auction Company, Inc. are provided in good faith and are matters of opinion. It is automatically acknowledged by registering that you have personally inspected the property, hired an agent to inspect the property, or waived your right to inspect the property. Placing a bid creates a contractual agreement to purchase the property at the high bid price plus a Buyer’s Premium and any additional fees included in closing the real property transaction.

 

Auctioneer's Discretion:

Iron Horse Auction Company, Inc. has full discretion to modify the date and time, order, and details of the auction for any reason or no reason at all, including but not limited to technical issues, emergencies, and the convenience of Iron Horse Auction Company, Inc. or the Seller.

 

Server & Software Technical Issues:

In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Iron Horse Auction Company, Inc. and the Seller reserve the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software nor Iron Horse Auction Company, Inc., or the Seller shall be held responsible for a missed bid or the failure of the software to function properly for any reason. Iron Horse Auction Company, Inc. may send email notifications to registered Bidders with updated information as deemed necessary.

 

Payment Terms:

Twenty Percent (20%) of the final contract purchase price is required as non-refundable earnest money in the form of a certified check, cash or wire transfer. The earnest money deposit is due within 48-hours of the close of auction, with the balance of the contract purchase price due at closing, which shall be in thirty-days or upon delivery of the deed, whichever is sooner. In the event the Seller cannot produce a deed with insurable title, the earnest money deposit will be refunded. Purchaser shall be responsible for all wire transfer fees. Closing will be as specified in the Auction Purchase Contract. This online only auction is a cash transaction not contingent on or subject to financing, appraisal, survey or inspections of any kind, as agreed to by the Bidders and/or Buyers at registration and specified in the Auction Purchase Contact on the event page of each specific auction.

 

Auction Purchase Contract:

The contract is required to be fully and correctly executed, without any modifications and properly signed within 48-hours of the close of the auction unless the bidder is at the bid center where the contract will be signed by the purchaser immediately and the deposit will be collected at the same time.

 

Closing:

Property is to be closed within thirty-days after the auction or upon delivery of the deed, whichever is sooner.

 

Closing Costs:

Buyer’s closing costs can include new boundary survey, title search fees, title insurance premiums, recording fee of documents, Buyer’s prorated items and any other fees required for closing. Seller’s closing costs are limited to their portion of the prorated tax, revenue stamps and the cost of deed preparation.

 

Property Condition:

All property in this auction is selling “AS-IS, WHERE IS” with all faults, if any. Iron Horse Auction Company, Inc. makes no representations or warranties, expressed or implied, concerning the property. Descriptions of the property are believed to be correct, but are not guaranteed. It is the Buyer’s responsibility to conduct any inspection prior to the auction. All due diligence periods end the date the auction is schedule to end, and prior to the end of the auction. It is possible that the property being sold is subject to restrictive covenants and homeowner’s association rules, regulations and dues. Iron Horse Auction Company, Inc. has attempted to find or locate all information deemed material facts. Ultimately, it is the Buyer’s responsibility to inspect all aspects of the property before placing a bid. No sale shall be invalidated by the Buyer as a result of he/she not conducting their own inspection prior to placing a bid or doing due diligence. It is automatically acknowledged by placing a bid that you have personally inspected the property, hired an agent to inspect the property or waived your right to inspect the property.

 

Legal Interpretations:

The laws of the State of North Carolina shall interpret this document.

 

Disputes:

Any and all causes of action resulting from this auction shall be heard in the General Court of Justice of Richmond County, North Carolina as the sole and exclusive venue.

 

Auction Bidder and/or Buyer Default:

The successful Bidder and/or Buyer not executing and returning the contract with the earnest money deposit within 48 hours of the conclusion of the auction will be considered in default and will be black-flagged in our database as a Non-Paying Bidder and will no longer be allowed to participate in our auctions. Iron Horse Auction Company, Inc. reserves the right to sell to the next highest qualified Bidder in the event the successful high Bidder does not comply with the terms of the sale. By bidding on the property, the Buyer agrees to all terms and conditions set forth. The contract is required to be fully and correctly completed, without any modifications and properly signed. A contract that is incomplete, incorrect, or modified in any respect, is considered to be in default. By registering and placing a bid, you agree that if you happen to become a Default Bidder or Non-Paying Bidder, Iron Horse Auction Company, Inc. has the right to charge your credit card for the amount equal to the Twenty Percent (20%) earnest money deposit, which shall be non-refundable.

 

Auction Administrative Fee

In the event a winning Bidder fails to submit the properly signed "Contract For Sale of Real Property" and earnest money deposit as provided in the pre-stipulated Auction Terms & Conditions, the winning Bidder will be charged an administrative fee of $2,500.00 on the credit card provided at auction registration. Additional default remedies are reserved by Iron Horse Auction Company and the Seller as provided in the Auction Terms & Conditions and "Contract for Sale of Real Property". All administrative fees are non-refundable.

 

Auction Cancellation – Bid Rejection:

Iron Horse Auction Company, Inc. reserves the right to reject any and all bids for any reason. Iron Horse Auction Company, Inc. reserves the right to cancel this auction, or remove any item or lot from this auction prior to the close of bidding even if a bid has been placed, unless the auction is advertised Without Reserve.

 

Acceptance of Bid Prices:

All bids are subject to Seller confirmation unless the auction is advertised Without Reserve. The successful Bidder and/or Buyer will be required to enter into a Purchase Agreement immediately following the close of the auction. Iron Horse Auction Company, Inc. will email documents to be executed and they need to be faxed or emailed back to Iron Horse Auction Company, Inc. within 48 hours of the end of the auction. Successful Bidders and/or Buyers not executing and returning contracts with earnest money deposit within 48 hours, will be considered in default. Any and all inspections that a Buyer may want must be completed at the Buyer’s expense prior to the end of the auction. Iron Horse Auction Company, Inc. reserves the right to sell to the next highest qualified Bidder if the winning Bidder is in default of these terms. Winning Bidder and/or Buyer must execute the contract with no changes, modification, additions or deletion. In the event that you find yourself as a Bidder in default, you will be black-flagged as a NON-PAYING BIDDER and will not be allowed to participate in any further Iron Horse Auction Company, Inc. auctions.

 

Title:

As specified in the Auction Purchase Contract.

 

Deed:

As specified in the Auction Purchase Contract.

 

Possession:

Not given until closing and further specified in the Auction Purchase Contract.

 

Real Estate Taxes and Closing Cost:

Taxes will be prorated to the day of closing using the most current available year’s tax amount. HOA fees and condominium assessments, if any, will be prorated up to the date of closing. The purchaser will pay all other closing costs associated with the purchaser’s side of the sale, including local and state recording fees.

 

Easements:

Subject to any and all easements recorded or unrecorded.

 

Zoning:

This property is subject to all state and local zoning ordinances.

 

Acreage & Aerial Photos:

Parcel dimensions and acreages are based on legal descriptions. Aerial photos are for illustration purposes only and not surveyed boundary lines.

 

Bidder Verification:

The identity of all Bidders will be verified. Bidding rights are provisional, and if complete verification is not possible, Iron Horse Auction Company, Inc. will reject the registration, and bidding activity will be terminated. The Seller and Iron Horse Auction Company, Inc. reserve the right to refuse service to any person who they feel to be fraudulent.

 

Bidder Responsibilities:

Bidder responsibilities include, but are not limited to the following: Bidders agree to keep their username and password confidential, as they are responsible for ANY and ALL activity involving their account. When using the website, you must obey any and all local, state, and federal laws. Violations will result in termination of website use privileges. We gather aggregate information from the website, which may include but is not limited to, the number of page visitors, most visited pages, and any and all correspondence.

 

Guaranty Agreement:

By submitting a bid in the name of a business entity or corporation, the individual submitting the bid enters into a guaranty agreement whereby he or she personally guarantees earnest money payment to Iron Horse Auction Company, Inc.

 

Age Requirement:

All Bidders must be eighteen (18) years of age or older.


    Online Auction

    •   Apr 11 @ 8:00AM EDT (Start)
    •   Apr 18 @ 2:00PM EDT (End)
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