ONLINE w/ BID CENTER
March 12th at 8am - May 13th at 2pm
PROPERTY LOCATIONS
4840 Bright Road
Charlotte, NC
9961 US Highway 74 West
Peachland, NC
443 Allenton St and Woodmen Ave
Norwood, NC
Red Springs, NC
Raeford, NC
Laurinburg, NC
Marston, NC
Rockingham, NC
Spruce Pine, NC
INSPECTIONS
Lot 6: 4840 Bright Road, Mecklenburg County, NC
Wednesday May 13th: 12:00 Noon – 2:00 PM
Other inspections by appointment or at Bidder’s Leisure and Liability
Lot 7: 9961 US Hwy 74 West, Peachland, NC
Wednesday May 6th: 11:00 – 1:00
Monday May 11th: 11:00 – 1:00
Wednesday May 13th: 12:00 Noon – 2:00 PM
Lot 8: 443 Allenton Street, Norwood, NC
Wednesday May 6th: 2:00 – 4:00
Monday May 11th: 2:00 – 4:00
Wednesday May 13th: 12:00 Noon – 2:00 PM
Hoke, Mitchell, Richmond & Scotland County Inspections:
At Buyer's Leisure and Liability
An Iron Horse Auction Representative will be at auction lots 6, 7 & 8 to take bids from customers on May 13th from 12pm-2pm.
CLICK HERE FOR PROPERTY INFORMATION, MAPS AND PICTURES
PROPERTY DESCRIPTION
Auction Lot 6
5+/- Acres on Lake Wylie Located at 4840 Bright Road in Charlotte, NC
Wooded Lot accessed off Bright Road. 5 +/- Acres with approx. 2 acres on the waterfront. Shoreline is positioned near the mouth of a cove but the lot faces the main channel of Lake Wylie. Portions of the 5 +/- Acres are located under power lines and meander to the waterfront. Access is currently through a woods road easement off Bright Road. This road is shared by other landowners but to our knowledge there is no road maintenance agreement. The grade on the lot near the water is moderately steep but accessible with vehicles. There is a partially finished cabin on the property near the waterfront that is in poor condition. There is an old pier. There are some personal items remaining on the property from prior ownership. All personal items on the property convey with the real estate. The camper that is in the pictures online has been removed. There is a partially sunk vessel tied to the pier that is not the property of the landowners. Lot boundaries near the waterfront are marked with white PVC pipe stakes and ribbon. While these markings illustrate property lines they are not deemed to be the result of a survey and are expressed as approximations to the property lines. See the aerial photos that illustrate approximate property lines.
Street directions:
‘Bright Road, Charlotte, NC’ does appear on GPS.
From I-485 take Wilkinson Boulevard west. Turn left/south on Old Dowd Road. Turn right onto Amos Smith Road. At the traffic circle turn right and remain on Amos Smith Road. In approx. ½ mile turn right onto Bright Road. Property entrance road is approx. ½ mile on right.
Mecklenburg County
Parcel 11307338
Legal Description- L4 M24-48
Tax Value $330,000.00
Selling for the Trustee of the Wriston Arthur Davis and Clara Belle Davis Family Living Trust
7% Buyer's Premium
An Iron Horse Auction Representative will be on site 12:00 – 2:00 on May 13 to answer your questions and accept bids
Auction Lot 7
21.39+/- Acres, House and Outbuildings Located at 9961 US Highway 74 West in Peachland, NC
Anson County
21.39 +/- Acres, Approx. 1344 SF House, Approx. 1373 SF Manufactured Office/Storage Building
Parcel #: 6425-00-94-6522
Tax Value = $229,800.00
Deed Book 113, Page 0041
Zoned R - 20 Rural Residential
Land is gently rolling farmland with woodlands behind the home site. Property was previously used as Modular Home Sales Center. Several electrical hookups still exist on the lot adjacent to the house with underground electrical. Over 7 acres are currently in row crop farmland. There is no farming or hunting contract on the land.
Two driveway accesses from Hwy. 74. Drive near house is concrete with concrete and gravel parking.
Land offering includes a small portion of land on the north side of Hwy. 74. See aerial map.
Waste Water easement on south end of property.
Good water well on site. County water available on south side of Hwy. 74.
House built in 1934. While not in use, the house has had power and water remain operable.
2 Bedrooms with closets. One additional room that could be used as a bedroom but contains no closet. Living area and dining room. Large kitchen includes a dishwasher. One full bath and one half bath off bedroom.
Heat pump. Rinnai water heater. LP lines underground to location of tank.
Front porch and enclosed back porch. Wood deck on rear side of house with back porch and ground access. Basement entrance from rear exterior. Wood frame construction with: asphalt shingles, Vinyl siding, Insulated vinyl windows, Two fireplaces, Pine floors in five rooms and hallway. Wood interior siding, painted.
1987 Modular Office /Storage Building – Approx. 1373 SF
Mod 1124-88-NC-HB; 220 MOD; Title is not available – NO TITLE
Manufactured by R-Anell Custom Homes, Denver, NC
7 Room structure, 1 full Bathroom and 1 special needs bath.
Vinyl siding, asphalt shingles, Double front commercial doors, Single rear door, No flooring is in unit (sub-floor is exposed), No kitchen, heatpump, brick foundation
This building has not been hooked to utilities or sewer.
Root Cellar near house - Concrete, brick and rock construction partially buried. Currently used for wood storage.
7% Buyer's Premium
An Iron Horse Auction Representative will be on site 12:00 – 2:00 on May 13 to answer your questions and accept bids
Auction Lot 8
House and (2) Lots on 1.40+/- Acres Located at 443 Allenton St. and Woodmen Ave. in Norwood, NC
Stanly County
Iron Horse Auction Company is Selling the REAL PROPERTY for the Estate of Bonnie C. McManus (Deceased). Personal property is being auctioned by Back Door Auctions in a Feb. 19th auction at 10:00 AM.
2 Bedroom, 1 Bath, Brick Home on approximately 1.4+/- Acres
Property is accessed from Allenton Street and Woodmen Avenue
Built in 1959. Updates in 1974
One Owner
PIN: 656302897515 and 656302895438
Deed: Book 196 Page 120; Book 240 Page 648; Book 185 Page 26
Tax Value = $109,198
1496 SF Heated Living Space per tax card, Zoned R-10
Central Heat and Air Conditioning, Gas Furnace
Asphalt roof, Concrete driveway
Sewing Room created by partitioning off part of the original living room area
Original Oak Floors in Bedrooms, Sewing Room and Hallway, Carpeted Living/Dining Area, Linoleum Kitchen and Den
Cedar-lined closets
Carport could be converted to a two car garage; Storage room in carport contains a shower, sink and in this non-heated area
Breezeway connecting carport to house has been converted to a Den, Fisher Wood Stove in Den area
Custom Pine Cabinets in kitchen, Ceiling fans, Single level floor plan with little elevation change (one step into home) at backdoor.
Large lot has pecan trees and other hardwoods
Outbuilding in rear has power with shop area and storage
Inside Norwood City Limit with city water and sewer
There are water spots on the ceiling in the bath and kitchen area but do not appear to be recent.
Real Property Selling “AS IS, WHERE IS, WITH ALL FAULTS”
Furnishings in the photos will be auctioned on February 19th and do not convey with the real estate.
7% Buyer's Premium
An Iron Horse Auction Representative will be on site 12:00 – 2:00 on May 13 to answer your questions and accept bids
Auction Lot 9
Vacant Located on Mustang Dr. in
Red Springs, NC
Hoke County
Parcel 294310001277
McPhaul Acres- Sec 1, Lot 49
.46+/- Acre
10% Buyers Premium
Auction Lot 10
Vacant Located on Kirkpatrick Ln.
Red Springs, NC
Hoke County
Parcel 294310001284
McPhaul Acres- Sec 1, Lot 56
.46+/- Acre
10% Buyers Premium
Auction Lot 11
Vacant Located on Kirkpatrick Ln.
Red Springs, NC
Hoke County
Parcel 294310001285
McPhaul Acres- Sec 1, Lot 57
.46+/- Acre
10% Buyers Premium
Auction Lot 12
Vacant Lot on Creech Rd.
Red Springs, NC
Hoke County
Parcel 294310001332
McPhaul Acres- Sec 2, Lot 122
.46+/- Acre
10% Buyers Premium
Auction Lot 13
2.49+/- Acres on Edgewater Dr.
Raeford, NC
Hoke County
Parcel 694241001036
Forest Creek Acres- Sec 3A, Lot 62
10% Buyers Premium
Auction Lot 14
Vacant Lot on Crestline Rd
Laurinburg, NC
Scotland County
Parcel 01023804026
Hasty Estate Map 2 of 5, Lot 26
.46+/- Acres
Subject To Restrictions
10% Buyers Premium
Auction Lot 15
Vacant Lot on Crestline Rd
Laurinburg, NC
Scotland County
Parcel 01023804027
Hasty Estate Map 2 of 5, Lot 27
.46+/- Acres
Subject To Restrictions
10% Buyers Premium
Auction Lot 16
6.1+/- Acres on St Luke Church Dr.
Laurinburg, NC
Scotland County
Parcel 01023804043
Hasty Estate Map 4 of 5, Lot 43
Subject To Restrictions
10% Buyers Premium
Auction Lot 18
6.216+/- Acres on Pressley Dr
Laurinburg, NC
Scotland County
Parcel 01023804061
Map Book 9 Pg. 454, Lot 47B
Subject To Restrictions and Road Maintenance Agreement
10% Buyers Premium
Auction Lot 19
10.36+/- Acres on Pressley Dr
Laurinburg, NC
Scotland County
Parcel 01023804062
Map Book 9 Pg. 454, Lot 47C
Subject To Restrictions and Road Maintenance Agreement
10% Buyers Premium
Auction Lot 20
13.116+/- Acres on Pressley Dr
Laurinburg, NC
Scotland County
Parcel 01023804063
Map Book 9 Pg. 454, Lot 47D
Subject To Restrictions and Road Maintenance Agreement
10% Buyers Premium
Auction Lot 21
3+/- Acres on Palmer Rd.
Marston, NC
Scotland County
Parcel 03042501048
L.E. Wright Est- Portion Lot 11
Subject to easement to adjoining property
10% Buyers Premium
Auction Lot 22
1.385+/- Acres on Maner Rd.
Rockingham, NC
Richmond County
Parcel 748302785505
J.T. West Land Auc. Block C Lots 18-20
10% Buyers Premium
Auction Lot 23
.927+/- Acres on Maner Rd.
Rockingham, NC
Richmond County
Parcel 748302785444
J.T. West Land Auc. Block C Lots 21-22
10% Buyers Premium
Auction Lot 24
2.462+/- Acres on Maner Rd.
Rockingham, NC
Richmond County
Parcel 748302785256
J.T. West Land Auc. Block F Lot 1
10% Buyers Premium
Auction Lot 25
2.441+/- Acres on Rainbow Trout Dr.
Spruce Pine, NC
Mitchell County
Parcel 0767-00-84-8082
Mountain Brook Estates Phase 1 Lot 37
10% Buyers 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:
There will be a Seven Percent (7%) Buyer’s Premium added to the final bid price to determine the final contract purchase price for auction lots 6-8. There will be a Ten Percent (10%) Buyer’s Premium added to the final bid price to determine the final contract purchase price for auction lots 9-25. 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.
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 (MarkNet) 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.
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. Iron Horse Auction Company, Inc. and its employees may bid on auctions. 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.