Auction: 
Acreage Tracts in Stanly County, NC (12/07/2017 - 12/14/2017)
Please refresh your browser to make sure you have the latest bids
Bid on 1 by onsitebidder2
12/14/2017 02:19:44 PM
Bid on 1,4 by onsitebidder4
12/14/2017 02:19:03 PM
Bid on 1,4 by onsitebidder2
12/14/2017 02:17:01 PM
Parcel Combo
High Bidder High Bid Winning
1 onsitebidder2 $27,525
2 onsitebidder2 $2,325
3 onsitebidder3 $39,750
4 klm3 $13,000
Total Bids
122
View Bid Increments Auction Total
$82,600
 
Time Left:
Last Bid:
Your Selected Parcels: (none)
Starting Time: December 07, 2017, 08:00 AM
Closing Time: December 14, 2017, 02:30 PM
Time Left:
Buyer's Premium: 7%
  Parcel
Numbers
High Bidder Current Bid Winning
3,4 klm3 $45,000
1,4 onsitebidder4 $39,525
1,2,4 onsitebidder2 $30,100
1,2,3,4 refu1 $25,550
1,3,4 j329ayes1 $22,225
1,2 onsitebidder2 $8,250
2,3 Gameboy96 $3,825

ONLINE w/ BID CENTER
December 7th at 8am - December 14th at 2pm

PROPERTY ADDRESS
Knollwood Lane
Albemarle, NC


BID CENTER ADDRESS
Albemarle City Hall- Ray Allen Community Room 118
144 N. Second St.
Albemarle, NC 28001
Park behind building


INSPECTIONS
At Buyer's leisure and liability or by appointment. Iron Horse Auction Representative will be on site at Auction Lot 4 on December 8th and14th from 11am - 1pm each day.

PROJECT MANAGER 
Richard Lilly
704-294-5647



PROPERTY DESCRIPTION

Auction Lot 1

  • 10.4 +/- acres
  • Road Frontage on Knollwood Lane.
  • Wooded acreage that slopes gently from west to east.   East property line extends to Little Long Creek.
  • Sewer easement located from Knollwood Lane towards Little Long Creek. East border of property is subject to flood potential.  See accompanying map.


Auction Lot 2

  • 3.1 +/- acres
  • Road Frontage on Knollwood Lane.
  • Wooded acreage on right of Knollwood Lane as you near property.
  • Parcel is rolling woodlands that descends in slope from west to east. 



Auction Lot 3

  • 6.4 +/- acres
  • Fronts Knollwood Lane on east border of parcel.
  • Acreage is rolling farmland recently hosting a cotton crop.
  • Slopes from west to east.



Auction Lot 4

  • 7.3 +/- acres
  • Fronts Knollwood Lane on west border of parcel.
  • Acreage is rolling farmland recently hosting a cotton crop.
  • East border of property does not go to creek.
  • Portions of east border are in flood potential area.   See accompanying map.
  • Auction Company has placed corner markers on the property. These markers are approximate and Iron Horse does not guaranty their accuracy. Please make your own inspection and judgement. If auction lots are sold divided a survey will be required at buyer's expense. Surveyor will be chosen by the auctioneer.

Enter Misc Auction information

Auction Company has placed corner markers on the property. These markers are approoximate and Iron Horse does not guaranty their accuracy. Please make your own inspection and judgement. If auction lots are sold divided a survey will be required at buyer's expense. Surveyor will be chosen by the auctioneer.

 

 

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:

There will be a Seven Percent (7%) Buyer’s Premium added to the final bid price to determine the final contract purchase price. 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.

 

Date Time Bid Parcels Bidder
12/14/2017 02:19:44 PM $27,525 1 onsitebidder2
12/14/2017 02:19:03 PM $39,525 1,4 onsitebidder4
12/14/2017 02:17:01 PM $38,525 1,4 onsitebidder2
12/14/2017 02:16:44 PM $37,525 1,4 onsitebidder4
12/14/2017 02:14:11 PM $23,525 1 onsitebidder2
12/14/2017 02:13:46 PM $35,525 1,4 onsitebidder4
12/14/2017 02:11:40 PM $21,525 1 onsitebidder2
12/14/2017 02:11:24 PM $33,525 1,4 onsitebidder4
12/14/2017 02:09:46 PM $19,525 1 onsitebidder2
12/14/2017 02:09:17 PM $32,025 1,4 onsitebidder4
12/14/2017 02:07:24 PM $13,000 4 klm3
12/14/2017 02:05:54 PM $18,025 1 onsitebidder2
12/14/2017 02:05:34 PM $28,775 1,4 onsitebidder4
12/14/2017 02:03:48 PM $30,100 1,2,4 onsitebidder2
12/14/2017 02:03:21 PM $26,775 1,4 onsitebidder4
12/14/2017 02:01:27 PM $28,100 1,2,4 onsitebidder2
12/14/2017 02:01:08 PM $24,775 1,4 onsitebidder4
12/14/2017 02:00:05 PM $12,525 1 onsitebidder2
12/14/2017 01:59:58 PM $23,275 1,4 onsitebidder4
12/14/2017 01:59:26 PM $11,025 1 onsitebidder2

  Description
1
View Images
Bid History

10.4+/- Acres Fronting Knollwood Lane, Albemarle, NC- Stanly County

  • Wooded acreage that slopes gently from west to east.   East property line extends to Little Long Creek.
  • Sewer easement located from Knollwood Lane towards Little Long Creek. East border of property is subject to flood potential.  See accompanying map.
    Portion of PIN 664004524109
2
View Images
Bid History

3.1+/- Acres Fronting Knollwood Lane in Albemarle, NC- Stanly County

 

  • Road Frontage on Knollwood Lane.
  • Wooded acreage on right of Knollwood Lane as you near property.
  • Parcel is rolling woodlands that descends in slope from west to east. 
  • Portion of 664004524109

3
View Images
Bid History

6.4+/- Acres Fronting Knollwood Lane in Albemarle, NC- Stanly County

 

  • Fronts Knollwood Lane on east border of parcel.
  • Acreage is rolling farmland recently hosting a cotton crop.
  • Slopes from west to east.
    Portion of PIN 664004507724
4
View Images
Bid History

7.3+/- Acres Fronting Knollwood Lane in Albemarle, NC- Stanly County

 

  • Fronts Knollwood Lane on west border of parcel.
  • Acreage is rolling farmland recently hosting a cotton crop.
  • East border of property does not go to creek.
  • Portions of east border are in flood potential area.   See accompanying map.
    Portion of 664004507724