Auction: 
Commercial Tracts in Wilson, NC (03/06/2018 - 03/13/2018)
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03/13/2018 02:44 PM
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Bid on 1,2 by time2fish
03/13/2018 02:50:59 PM
Bid on 1,2 by onsitebidder2
03/13/2018 02:42:25 PM
Bid on 1,2 by klm3
03/13/2018 02:32:24 PM
Parcel Combo
High Bidder High Bid Winning
1 In a winning combo $5,000
2 In a winning combo $1,000
Total Bids
32
View Bid Increments Auction Total
$30,000
 
Time Left:
Last Bid:
Your Selected Parcels: (none)
Starting Time: March 06, 2018, 08:00 AM
Closing Time: March 13, 2018, 03:01 PM
Time Left:
Buyer's Premium: 10%
  Parcel
Numbers
High Bidder Current Bid Winning
1,2 time2fish $30,000

ONLINE w/ BID CENTER
March 6th at 8am - March 13th at 2pm

PROPERTY ADDRESS
Lipscomb Road
Wilson, NC


INSPECTIONS
At Buyer's leisure and liability or by appointment.

PROJECT MANAGER 
Marc Baysek
910.206.1881

 

BID CENTER ADDRESS
Holiday Inn Express & Suites
Downtown Wilson
2308 Montgomery Dr
Wilson, NC
Washington Room


PROPERTY DESCRIPTION


1.6+/- Commercial Tract Adjacent to Food Lion in Wilson, NC
Wilson County
PIN 3731250918
Deed Book 1448, Page 598
Tax Value $62,726.00

.6+/- Commercial Tract Adjacent to Food Lion in Wilson, NC
Wilson County
PIN 3731168114
Deed Book 1448, Page 598
Tax Value $78,408.00

 

Enter Misc Auction information

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 Ten Percent (10%) Buyer’s Premium added to final bid price to determine the final contract purchase price.

 

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.

 

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 at 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 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 at the end of the auction.

 

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.

 

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 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.

 

Age Requirement:

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

Date Time Bid Parcels Bidder
03/13/2018 02:50:59 PM $30,000 1,2 time2fish
03/13/2018 02:42:25 PM $29,000 1,2 onsitebidder2
03/13/2018 02:32:24 PM $28,000 1,2 klm3
03/13/2018 02:25:06 PM $26,000 1,2 onsitebidder2
03/13/2018 02:23:16 PM $25,000 1,2 klm3
03/13/2018 02:15:53 PM $22,000 1,2 onsitebidder2
03/13/2018 02:12:29 PM $20,500 1,2 Khuongtcref
03/13/2018 02:08:45 PM $20,000 1,2 onsitebidder2
03/13/2018 02:08:02 PM $19,000 1,2 hotsub2001
03/13/2018 02:07:13 PM $18,500 1,2 klm3
03/13/2018 02:00:53 PM $18,000 1,2 onsitebidder2
03/13/2018 01:59:25 PM $14,250 1,2 hotsub2001
03/13/2018 01:58:16 PM $13,750 1,2 klm3
03/13/2018 01:51:21 PM $13,250 1,2 time2fish
03/13/2018 01:47:44 PM $12,750 1,2 hotsub2001
03/13/2018 01:28:00 PM $12,250 1,2 time2fish
03/13/2018 01:27:03 PM $11,750 1,2 time2fish
03/13/2018 01:18:45 PM $11,250 1,2 klm3
03/13/2018 01:07:27 PM $10,750 1,2 Khuongtcref
03/13/2018 01:07:03 PM $10,250 1,2 Khuongtcref
  Description
1
View Images
Bid History

.6035+/- Commercial Tract Adjacent to Food Lion in Wilson, NC

Lipscomb Road
Wilson County

PIN 3731168114
Deed Book 1448, Page 598
Tax Value $78,408.00

2
View Images
Bid History

1.5953+/- Commercial Tract Adjacent to Food Lion in Wilson, NC

Lipscomb Road
Wilson County

PIN 3731250918
Deed Book 1448, Page 598
Tax Value $62,726.00