ONLINE ONLY
October 12th at 8am - October 19th at 2pm

PROPERTY ADDRESS
Buncombe, Burke, Caldwell, Columbus, McDowell, Montgomery, Moore, Pitt and Richmond Counties in NC


INSPECTIONS
Auction Lot 22
Oct. 5th, 12th and 19th from 12pm - 2pm

 

Auction Lot 6

By Appointment Only : Contact Office to make appointment.

For Auction Lots 1-5 and 11-20
At Buyer's leisure and liability or by appointment.


PROJECT MANAGERS
Will Lilly
704-985-9300

Richard Lilly
704-294-5647


Selling Subject To Owner Confirmation

PROPERTY DESCRIPTION


Auction Lot 1
2.5+/- Acres located on Centre Park Drive in Asheville, NC
Buncombe County

Parcel 9659116892
Deed Book 1851, Page 0304
10% Buyer's Premium

Auction Lot 2
23.44+/- Acres located on Centre Park Drive in Asheville, NC
Buncombe County

PIN 9659211705
Deed Book 1267, Page 0792
10% Buyer's Premium

Auction Lot 3
5.1+/- Acres off Kirby Drive in Morganton, NC
Burke County

Parcel 1764-67-0720
Wooded Acreage, Rolling Terrain
Zoned Commercial
Adjoins 5 acre tract on Highway 126

There will be a Seven Percent (7%) 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.

Auction Lot 4
5.09+/- Acres on NC Highway 126 in Morganton, NC
Burke County

Parcel 1764-67-4861
Wooded Acreage, Slopes away from highway.
Zoned Commercial
Adjoins 5 acre tract on Kirby Drive.

There will be a Seven Percent (7%) 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.

Auction Lot 5
Waterfront Lot on Lake James at Plantation Point
1.87+/- Acres on Overlook Drive in Marion, NC
McDowell County

Residential Lot.
Elevated lot that has a driveway graded to overlook of lake.  Circular drive travels north on the lot to a cleared turnaround.   Lot drops sharply to the water.
Portion of lot is wooded.
Located on private cul-de-sac.
Underground power and phone.
Paved streets.
Property Owners Association annual dues are $415.

Parcel 1712-58-1140
Directions:  From Nebo, From US Hwy. 70 turn west on Nebo School Road/Old Hwy. 10;  Turn right onto Upton’s Landing Road;  Turn left into Plantation Point subdivision on Plantation Drive;  Turn right on Overlook Drive E.;  Continue to end of street and Plantation Point subdivision lot 34 is at the end of the street.
Subject to a powerline row.
Subject to restrictions.

There will be a Seven Percent (7%) 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.
 

Auction Lot #6
House and lot located at 19 Woodland Circle in Foxfire Village, NC
Moore County

Parcel 00053746
Deed 2016E/ Page 720
.73+/- Acre
$157,830.00 Tax Value
Fixfire E Lot 31 PH IV Sec A
1,720 sq.ft.
Double Garage


First Floor
Breakfast Room
Sunroom
Dinning Room
Den
Living Room
Master Bedroom
1 1/2 Bath
Hot Tub Room

Second Floor
Bedroom
Bath
Sitting Room
Storage Room
10% Buyer's Premium

Auction Lot 7
3.89+/- Acres at 121 Lakeview Pass in Rockingham, NC
Richmond County

Plat Lot 84 Chalks Landing 2 Subdivision
Parcel 74350286829
Deed Book 1749, Page 141
HOA Dues are $300.00 per year
10% Buyer's Premium

Auction Lot 10
10.085+/- Acres on Heartwood Forest Drive and Black Hills Drive in Collettsville, NC
Caldwell County

Parcel 04-6-4-26
HOA dues are $650.00 per year.
10% Buyer's Premium

Auction Lot 11
5.95+/- Acres on Leach Road in Candor, NC
Montgomery County

Parcel 757700803747
Subject to State Road Right of Way
Subject to Power Line Right of Way
10% Buyer's Premium


Auction Lot 12
Vacant Lot on Live Oak Circle in Chadbourn, NC
Columbus County

Parcel 023788
Plat Lot 17 Town & Country Estates Subdivision
.67+/- Acre
Tax Value $20,100.00
Subject to 20' drainage easement.
10% Buyer's Premium

Auction Lot 13
Vacant Lot on Pinecrest Drive in Chadbourn, NC
Columbus County

Parcels 025038 & 025034
Portion of Plat Lots 20 and 21 Town & Country Estates Subdivision
.929+/- Acre
Tax Value $15,400.00 & $9,200.00
10% Buyer's Premium

Auction Lot 14
Vacant Lot on Pinecrest Drive in Chadbourn, NC
Columbus County

Parcels 025037 & 025028
Plat Lot 45 and Portion of 46 Town & Country Subdivision
.64+/- Acre
Tax Value $18,400.00 & $3,700.00
10% Buyer's Premium

Auction Lot 15
Vacant Lot on Pinecrest Drive in Chadbourn, NC
Columbus County

Parcel 025029
Plat Lot 32 Town & Country Subdivision
.42+/- Acre
Tax Value $14,400.00
10% Buyer's Premium

Auction Lot 16
Vacant Lot on Pinecrest Drive in Chadbourn, NC
Columbus County

Parcel 023785
Plat Lot 37 Town & Country Subdivision
.47+/- Acre
Tax Value $15,700.00
10% Buyer's Premium

Auction Lot 17
Vacant Lot on Pinecrest Drive in Chadbourn, NC
Columbus County

Parcel 025033
Plat Lot 39 Town & Country Subdivision
.40+/- Acre
Tax Value $16,200.00
10% Buyer's Premium

Auction Lot 18
Vacant Lot on Pinecrest Drive in Chadbourn, NC
Columbus County

Parcel 02039
Plat Lot 53 Town & Country Subdivision
.43+/- Acre
Tax Value $14,200.00
10% Buyer's Premium

Auction Lot 19
Vacant Lot on Pinecrest Drive in Chadbourn, NC
Columbus County

Parcel 025036
Plat Lot 1 Town & Country Subdivision
.36+/- Acre
Tax Value $10,500.00
10% Buyer's Premium

Auction Lot 20
6+/- Acres off E. 2nd Avenue in Chadbourn, NC
Columbus County

Parcel 23789
Portion of this property is in a flood zone.
10% Buyer's Premium

 

 

Auction Lot 22
House and lot located at 2009 Pinecrest Drive in Greenville, NC
Pitt County

Parcel 21776
Plat Lot 64 and Portion of 65 Sec 1 Part G
.69+/- Acre

Property Description:
Two story, 5200 +/- SF brick home located on .69 +/- acres
5 Bedrooms, 3.5 Bathrooms, Two upstairs baths are Jack and Jill baths
Formal living and dining with large den
Kitchen area includes dishwasher, garbage disposal, range/double-oven, refrigerator; Cooking island has an oversized range hood
Originally constructed in 1964
Parcel #:  21776
NC PIN #:  4687727811
Zoned R15S Single Family Residence
Tax Value = $377,200
Baseboard and oil furnace heating, Central Air Conditioning
Columned Colonial Front Porch
Numerous built-ins throughout the home
Attached carport for two vehicles with brick patio grilling area
Curbed, paved drive way
Tile, hardwood and carpet flooring
Two stairways for upstairs access (front foyer spiral staircase and rear stairs from informal dining)
Remodeling occurred in 1984


Updates to interior and exterior are currently in progress:
Interior wallpaper has been removed and interior is being painted
Den ceiling tiles have been removed and a drywall ceiling is being installed
Some bath fixtures and light fixtures are being replaced
Carpet has been removed from the den to reveal hardwood floors
Intercom system has been removed
Exterior trim has been repainted
Some areas of exterior trim have been repaired or replaced with new material
New shutters are being installed
Front and rear porch ceilings are being repaired
Repairs being made to the copper gutters
Wet bar in den
Personal Property items and furnishings in pictures do not convey with the real estate.

  • This executive home is located close to shopping and the East Carolina University Sports Complex.   The home contains many amenities with quality construction and craftsmanship.  Spacious living that can accommodate a large family in the grand style of Colonial architecture.  The yard is well landscaped with large pines in the front yard. 

Inpsection for this property is October 5th, October 12th and October 19th from 12pm - 2pm.
There will be a Seven Percent (7%) 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.


 






 

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 Lots 3, 4, 5 & 22
There will be a Seven Percent (7%) 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.

For Auction Lots 1, 2 6, 10 & 11
There will be a Ten Percent (10%) Buyer’s Premium added to the final bid price to determine the final contract purchase price. 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.

 


    Buncombe, Burke, Caldwell, Columbus, McDowell, Montgomery, Moore, Pitt and Richmond Counties in NC

    •   Thursday, October 12, 2017 @ 8:00am (Start)
    •   Thursday, October 19, 2017 @ 2:00pm (End)
    •   Add to Calendar
    BID ONLINE NOW!

    Learn more