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NCDOT ASSET 95903
Address: 13525 Homewood Dr., Charlotte NC 28262
Platted for 4 Homesites
Tax Value $54,000.00
Recent appraisal of $210,000.00
Zoning / Land Use Code R-3
Class A Property*
Subject to 10 Day Upset Bid Period after auction conclusion, Upset Bids require 5% or greater raise of bid, 10 Day Upset Expires October 26 @ 4 PM
Subject to NCDOT approval of highest bid after 10 Day Upset expires
NCDOT Property Closings are performed through the office of the NC Attorney General and are at the timing and discretion of the NC Attorney General.
10% Earnest Money Deposit Required after NCDOT approval of high bid.
10% Buyer Premium
*NCDOT properties are classified Class A, Class B, Class C:
Class A – A property (i) whose size and road access are sufficient to allow commercial or residential development of one or more stand-alone projects without requiring the acquisition of additional real property and (ii) whose size and shape appear sufficient to allow compliance with applicable or proposed zoning and development standards for parking, setbacks, side and front yard requirements, and access.
Class B – A property (i) that does not meet the definition of a Class A property, but still may have significant value and (ii) that would enhance the value of adjacent land by allowing larger or more extensive uses when joined to the adjacent land.
Class C – A property that does not meet the definition of a Class A or Class B property and due to size or lack of access will be of interest mostly to an adjoining owner.