CURRENT BID IS $160,000.00, UPSET PERIOD ENDS ON JUNE 25TH AT 5PM. NEXT BID WOULD BE $168,000.00.

CURRENT BID IS $160,000.00, UPSET PERIOD ENDS ON JUNE 25TH AT 5PM.
NEXT BID WOULD BE $168,00.00.



BID LOCATION
Lee County Courthouse
1400 S. Horner Blvd.
Sanford, NC


PROPERTY ADDRESS
303 S. Horner Blvd
Sanford, NC


INSPECTIONS
Dates Coming Soon!

PROJECT MANAGER
Will Lilly
704.985.9300



PROPERTY DESCRIPTION

Auction Lot 1
Commercial building and located at 303 S. Horner Boulevard in Sanford, NC

Lee County
Deed Book 1148, Page 768

Parcel 9642-68-9933-00

Tax Value: $169,600.00

Auction Lot 2
1.2+/- Acres on Steele and Pearl Streets in Sanford, NC

Lee County
Portion of Parcel 9642-78-1823-00

Tax Value: $212,900.00

 

*Tax Cards & The Most Recent Deed/Plat Can Be Found In Property Informtaion Under The Documents Tab*

 

TERMS OF SALE

Payment & Closing:

A deposit of 5% of the final contract purchase price or $10,000.00 will be required from the buyer on the sale day and this deposit shall be made payable to Sarah C. Blount, as Trustee to be held by the Trustee until closing. In the event that a deposit is forfeited, the deposit shall be administered pursuant to the statutes or as directed by the Lee County Clerk of Court. 

 

10 Day Upset Period In Effect After The Auction

Property is to be closed within 30-days after the end of the upset bid period or upon delivery of the deed, whichever is sooner.

Property Condition:

The property in this auction is selling “AS-IS, WHERE IS” with all faults, if any. Iron Horse Auction Company, Inc. and First Tennessee Bank National Association, As Successor By Merger To Capital Bank Corporation (“Bank”) make 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 Lee County, North Carolina as the sole and exclusive venue.

Title:

Bank makes no representation of warranty relating to the title or physical, environmental, health, or safety conditions existing in, on, at or relating to the subject property, and any and all responsibilities or liabilities arising out of or in any way relating to any such condition expressly are disclaimed. 

Deed:

Non Warranty, Trustee’s Deed

Possession:

Not transferred until closing.

Real Estate Taxes and Closing Cost:

Sale is subject to any and all outstanding ad valorem taxes and buyer’s cost to close transaction.

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.

Age Requirement:

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

 

TERMS OF SALE

Payment & Closing:

A deposit of 5% of the final contract purchase price or $10,000.00 will be required from the buyer on the sale day and this deposit shall be made payable to Sarah C. Blount, as Trustee to be held by the Trustee until closing. In the event that a deposit is forfeited, the deposit shall be administered pursuant to the statutes or as directed by the Lee County Clerk of Court. 

 

10 Day Upset Period In Effect After The Auction

Property is to be closed within 30-days after the end of the upset bid period or upon delivery of the deed, whichever is sooner.

Property Condition:

The property in this auction is selling “AS-IS, WHERE IS” with all faults, if any. Iron Horse Auction Company, Inc. and First Tennessee Bank National Association, As Successor By Merger To Capital Bank Corporation (“Bank”) make 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 Lee County, North Carolina as the sole and exclusive venue.

Title:

Bank makes no representation of warranty relating to the title or physical, environmental, health, or safety conditions existing in, on, at or relating to the subject property, and any and all responsibilities or liabilities arising out of or in any way relating to any such condition expressly are disclaimed. 

Deed:

Non Warranty, Trustee’s Deed

Possession:

Not transferred until closing.

Real Estate Taxes and Closing Cost:

Sale is subject to any and all outstanding ad valorem taxes and buyer’s cost to close transaction.

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.

Age Requirement:

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


    Learn more