THIS AUCTION WILL BE HELD LIVE ON LOCATION AT THE PROPERTY AT 179 RIVER ROAD, BLOUNTS CREEK, NC AT 10:00AM on WEDNESDAY JULY 23rd, 2025. 

MINIMUM OPENING BID - $  5,000 - SALE IS SUBJECT TO 10 DAY UPSET BID PERIOD

The property is being sold under a court order from Beaufort County, North Carolina.  A copy will be attached to this page.  

Beaufort County Pin# 6621-65-3487  -  .77 acres  - Tax Value $217,996

All that parcel of land in Beaufort County, State of North Carolina, as more fully described in Deed Book 816, Page 573, ID# 14-025262, being known and designed as all of Lot 22, Block 16, Subdivision of Crystal Beach Estates filed in Plat Book 16, Page 23. Together with improvements located thereon; said property being located at 97 River Road, Blounts Creek, North Carolina.

The property will be sold "AS IS, WHERE IS", in its current condition. There are no representations of warranty relating to the title or any physical, environmental, health or safety conditions existing in, on, at, or relating to the property being offered for sale. The property is in a state of disrepair. Entry onto the premises is at your own risk and is strongly discouraged by the Commissioner. The Commissioner, the Court, the Auction Company, and any associated agents disclaim all liability for personal injury, loss, or damage sustained by anyone who enters the premises before or during the auction.

There are no known encumbrances on the subject property, other than
unpaid property taxes in the amounts of $505.27 for tax year 2022 and $641.94 for tax
year 2024. Taxes will be pro-rated as of closing.  Buyers is responsible for checking for liens on the property as it is not sold free and clear of liens.  

THE PROPERTY IS BEING SOLD “AS IS, WHERE IS” – This property is being sold in its current condition with no Buyer contingencies. The information included in the advertising, sales packages, and other is intended for general information purposes only. This information has been provided to us as accurate from outside sources, public records, and other information platforms, however the Seller, Country Boys Auction & Realty, Inc., its employees, Brokers, and associates, hold themselves harmless for any and/or all the information provided in this package. Furthermore, all drawings, maps, letters, descriptions, etc., are “unofficial.” It is the sole responsibility and obligation of the buyer to inspect the property prior to the time of sale and do any and all research they deem necessary prior to bidding.

ESTATE STATUTES - The sale is subject to all North Carolina Estate General Statutes including a “(10) day upset bid raise period”, meaning that the last and final bid at the auction is recorded with the Clerk of Court for the county that the property is located in and held “open”. Anyone can contact the Clerk’s office and raise the bid during the raise period. All raises made after the close of the auction must be of at least 5% of previous recorded bid and must be made through the Clerk’s office. Each time the bid is raised, the (10) day “upset bid period” starts over. This process continues until there have been no raises. At that time, the file is sent to the Clerk for the confirmation process. Once confirmed, the high bidder will have (30) days to close on the property.

BROKER - Country Boys Auction & Realty, Inc., its Brokers, and employees are agents for the Seller and have no dual agency representation of responsibilities. Our company will gladly work to assist buyers in any was possible within that capacity. Any agent or Broker working with a Buyer will be a Buyer's Agent and would need to be compensated by the Buyer.

DEPOSIT - A deposit in the amount of 5% of the high bid amount is required by the high bidder immediately upon completion of the auction. Cash or check is accepted. 

CLOSING – The balance of the sales amount will be due at closing. The Buyer will have (30) days from the time of confirmation to close on the property.

TAXES - The property is being sold with taxes prorated as of day of closing, meaning the current year taxes will be split between the Buyer and the Seller based on the closing date; the Seller will pay all prior year’s taxes.

NO BUYER’S PREMIUM - THIS IS A PUBLIC AUCTION

ANNOUNCEMENTS AT TIME OF AUCTION TAKE PRECEDENCE OVER ALL OTHER INFORMATION, BE IT WRITTEN, ADVERTISED, OR CONVEYED.

REAL ESTATE AUCTION

Harbor Front Motel & Property

This auction is of The Silver Lake Motel & Inn located in the heart of the village of Ocracoke, North Carolina. This property includes two main hotel buildings with over (40) rooms and suites overlooking Silver Lake Bay. The property consists of (5) parcels (all sold together) that include the original motel, the suites building, and the waterfront property with docks, piers, and formerly the location of the Jolly Roger Pub & Marina.

Ocracoke is an island (with no bridges) and is accessible only by boat or plane. The majority of the island and all of the beaches are part of the US Park Service land offering miles and miles of natural beaches with no homes or businesses in sight. The small Village of Ocracoke is located on the southwest corner of the island and contains all of the homes, hotels, and businesses. The NCDOT operates both passenger and vehicle ferry service to the island. Overnight on-season accommodation is limited and highly sought after. As the island goes, the Silver Lake is a large motel/suite facility in a prime and centrally located area of the village.

The property is located on HWY 12 (Irvin Garrish Hwy) and is situated on both sides of the road. The waterfront side consists of (2) parcels, (former site of the Jolly Roger lost in hurricane Dorian) a large, covered shelter, main pier, docks, and a ramp area. The Motel and Inn/Suites buildings are located directly across the street. Tax records indicate that the original 2-story Motel building was constructed in 1983 and contains 5,148 square feet with approximately (18) rooms, one suite, office space, lounge area, and laundry facility. Almost all of the rooms are available for stays. The 3-story Inn/Suite building was built in 1994 and is listed as having a total of 16,529 square feet including multi-room suites, single "add-on" rooms, unfinished "attic" area, and an above roof observation tower with views of the entire island, ocean, and sound on a very clear day. Several of the suite units have had complete renovations started, but are not complete and are currently unavailable for stays.

The property is in full daily operation at the height of the tourist season and currently boasts a very high NCDHHS sanitation score. Both buildings are dated to the original construction periods and a facelift, and upgrades could bring back some lost curb appeal. Potential development of the Jolly Roger property could also provide a very nice income producing property as well.

The Silver Lake Motel & Inn (currently under new interim management) has and will remain open throughout the sales process, honoring existing reservations, current short-term leases, and making new reservations for this season as normal. To schedule an appointment to preview or inspect the property contact Dewey Dunn (252)916-1002.

MAPS, DRAWINGS, REGISTRATION FORMS, AND EVEN THE COURT ORDERS ARE ATTACHED AS PDF FILE BELOW BY "CLICKING" THE RED "MAPS & BROCHURES" BUTTON. THEY WILL APPEAR IN A ZIPPED FOLDER AND CAN EASILY BE OPENED FOR VIEWING, DOWNLOAD, OR PRINTING.

HYDE COUNTY TAX & PARCEL DATA

Parcel 1 - "Original Motel Parcel" - This parcel contains the original 1983 motel building and parking areas.
ADDRESS - 395 Irvin Garrish Hwy
REID - 1121
ACRES - 0.51 calculated
GROSS LEASABLE AREA - 5,148 SF
YEAR BUILT - 1983
ASSESSED TOTAL VALUE - $1,512,241.00
Parcel 2 - "New Inn & Suite Parcel" - This parcel contains the 1994 Inn & Suites building and parking areas.
ADDRESS - 439 Irvin Garrish Hwy
REID - 1123
ACRES - 0.73 calculated
GROSS LEASABLE AREA - 16,529 SF
YEAR BUILT - 1994
ASSESSED TOTAL VALUE - $2,376,014.00
Parcel 3 - "Back Parcel" - This parcel is located behind the Inn/Suites parcel and contains septic areas and parking.
ADDRESS - NA
REID - 1122
ACRES - 0.17 calculated
ASSESSED TOTAL VALUE - $316,800.00
Parcel 4 - "Jolly Roger Parcel" - This parcel is located on the waterfront, across the street from the motel and inn parcels and contains a large shelter, patio area, docks, and pier.
ADDRESS - 410 Irvin Garrish Hwy
REID 1124
ACRES - 0.15 calculated
ASSESSED TOTAL VALUE - $956,316.00
Parcel 5 - "Ramp Parcel" - This is a narrow parcel between the "Jolly Roger Parcel" and the "Fish House" property consisting of a concrete ramp approximately 15' wide.
ADDRESS - NA
REID - 1119
ACRES - 0.03 calculated
ASSESSED TOTAL VALUE - $225,500.00

*REMINDER THAT ALL (5) OF THESE PARCELS WILL BE SOLD TOGETHER AS (1) PROPERTY.

TOTAL CALCULATED ACREAGE - 1.59 calculated
TOTAL ASSESSED VALUE - $5,386,871.00

TERMS & CONDITIONS

AUCTION - This auction is being conducted by Country Boys Auction & Realty, Inc. of Washington, NC (Agent) for George M. Oliver, Receiver (Seller)

LIVE AUCTION - A live auction shall be held at Receiver's law office at 405 Middle Street, New Bern, NC at 10:00 a.m. EST on July 29, 2025.

BIDDER APPROVAL – Any and all Bidders must be approved by the Receiver. The Receiver shall determine financial ability to close in his sole discretion, based upon documentation provided by bidders. Interested bidders shall have until 5 :00 p.m. EST on July 25, 2025, to submit Bidder qualification information to the Receiver. Only pre-approved bidders will be eligible to bid. Full bidding procedure and registration forms are found in the "MOTION FOR ORDER (1) ALLOWING PRIVATE SALE OF PROPERTY FREE AND CLEAR OF LIENS, CLAIMS, ENCUMBRANCES, AND INTERESTS; (II) APPROVING STALKING HORSE BIDDER; AND (III) APPROVING STALKING HORSE BREAK-UP FEE AND SALE PROCESS"  available by contacting Country Boys Auction & Realty, Inc.

OPENING BID AMOUNT - A Receiver approved bidder has entered, and the Receiver has accepted, an opening “stalking horse” bid in the amount of $2,800,000.00. Bidding at the live auction will begin with this bid amount. An “Overbid” of the $2,800,000.00 amount must be by a minimum bid raise of $100,000.00 (Overbid amount of at least $2,900,000.00) will be required at the live auction on July 29, 2025, to open live bidding. Either the existing bid of $2,800,000.00 OR the last and final bid at the live auction on July 29, 2025, WHICHEVER IS HIGHER, will be the selling price. If the “stalking horse” bid holder is not the highest bidder at the auction, the “stalking horse” bidder will be paid a “break-up” fee of $50,000.00 from the sale closing proceeds.

DEPOSIT - The highest bidder at the auction shall pay a deposit of ten percent (10.0%) of the successful high bid, at the end of the auction, to be held in escrow and applied to the purchase price.

CLOSING - The closing of the purchase and sale contemplated hereby ("Closing") shall occur no later than September 12, 2025, time being of the essence, or such other date as may be mutually agreed in writing by the parties.

TITLE AND CONVEYANCE - Seller shall convey to Buyer good and marketable fee simple title to the Property by Special Warranty Deed, free and clear of all liens, encumbrances, and title defects except for permitted exceptions approved by Buyer. Buyer may obtain, at its sole expense, an owner's title insurance policy insuring Buyer's title to the Property.

REPRESENTATIONS AND WARRANTIES OF SELLER - Seller represents and warrants to Buyer that as of the Closing, The Seller has full right, power, and authority to sell the Property, subject to approval by the Hyde County Superior Court.

INSPECTIONS AND CONDITION OF PROPERTY - Bidders shall have the right to enter or visit the Property to perform inspections and tests by appointment with Country Boys Auction & Realty, Inc. The Property shall be conveyed in "AS IS, WHERE IS" condition. Bidders have the sole obligation and responsibility to perform all due diligence and research necessary prior to bidding. There is no additional due diligence period or contingencies by the Buyer. The Seller shall use its best efforts to maintain the Property in substantially the same condition from the Effective Date through the Closing Date.

PRORATIONS AND LEASES - Taxes, rents, and other income and expenses of the Property shall be prorated as of the Closing Date. Most current leases will expire during the auction and sales process, but without exception on or before December 31, 2025.

CLOSING COSTS - Seller shall pay preparation of the deed and revenue stamps (excise tax). Buyer shall pay title insurance premiums, recording fees, and Buyer's due diligence and legal expenses. Each party shall bear its own attorney fees.

ASSIGNMENT - Buyer may assign this Agreement to any entity controlled by Buyer upon notice to Receiver, with Receiver's consent, provided Receiver agrees that assignee is a qualified buyer, in Receiver's sole discretion.

DEFAULT AND REMEDIES - In the event of Seller's default, Buyer may elect to terminate this Agreement and receive only a full refund of the Deposit and shall have no other remedies at equity or at law. In the event of Buyer's default, Seller's sole remedy shall be retention of the Deposit as liquidated damages.

DISCLAIMER - Country Boys Auction & Realty, Inc., Brokers, and employees are agents for the Seller and have no dual agency representation or responsibilities. The information provided is from outside sources, public records, and other information platforms. It is intended for general information purposes only. All drawings, maps, letters, descriptions, etc., are unofficial. The Court, Receiver, Country Boys Auction & Realty, Inc., Brokers, employees, and associates hold themselves harmless for any and all the information provided. The Buyer bears all responsibility of any and all research and due diligence prior to bidding.

Announcements at the time of auction take precedence over all other information; written, verbal, advertised, or conveyed.

REAL ESTATE AUCTION

House & Lot near Kinston, NC

This is actually (4) separate auctions of contiguous properties all located on Oak Bluff Road in Riverwatch Subdivision off of Hwy 55 between Kinston and Seven Springs, NC including a large brick home on a 3.38 acre lot and (3) other separate vacant residential lots. Each of these properties will be auctioned separately and will not be combined.

THESE AUCTIONS WILL BE HELD LIVE ON LOCATION AT THE PROPERTY AT 328 OAK BLUFF ROAD, KINSTON, NC AT 10:00AM on WEDNESDAY, AUGUST 6, 2025. THE PROPERTIES WILL BE SOLD IN THE ORDER THEY ARE LISTED. THESE ARE SEPARATE AUCTIONS AND THE PROPERTIES WILL NOT BE COMBINED.

THERE IS NO UPSET BID RAISE PERIOD ON THESE AUCTIONS.

AUCTION 1 - 3,989 square foot brick home situated on a 3.38+/- acre residential lot. This large 2-story home was built in 1999 and has (4) bedrooms, (4) full baths, separate office area, attached 2-car garage, detached 2-car garage with large shelter on the rear, bonus rooms, and more. The home appears to be in good structural condition but does need some internal repairs and upgrades (mostly floor covering replacement and floor repair). With a little work, this could be a very nice home. A small portion of this property is located in the flood plain area, but not the portion with the home. This house is vacant and can be viewed or inspected by Calling Mike Gurkins at (252)916-1005 or Dewey Dunn at (252)916-1002

Lenoir County Parcel - 29198

Lot 6 Riverwatch SD

Current Tax Value - $591,480.00

AUCTION 2 - LOT 5 Riverwalk is located immediately to the left of the house property (facing the house) and contains 1.32 acres. A portion of the rear of this property is in the flood plain area, but there is a large area along the front that is not.

Lenoir County Parcel - 29197

Lot 5 Riverwalk SD

Current Tax Value - $27,192.00

AUCTION 3 - LOT 4 Riverwalk is located immediately to the left of LOT 5 described above and contains 1.85 acres. The right front section of this lot is above the flood plain, while the far left and rear sections are in the flood plain.

Lenoir County Parcel - 29196

Lot 4 Riverwalk SD

Current Tax Value - $29,023.00

AUCTION 4 - LOT 7 Riverwalk is located immediately to the right of the house located 328 Oak Bluff Rd. This large open property is identified as being completely in the flood plain area. It appears to have once had a fenced riding/training arena.

Lenoir County Parcel - 29199

Lot 7 Riverwalk SD

Current Tax Value - $37,625.00

TERMS & CONDITIONS

SELLER – This property is being sold by CBA under Order of or with Notice to The United States Federal Bankruptcy Court

THE PROPERTY IS BEING SOLD “FREE & CLEAR” OF LIENS – This property is being sold by Court order of having no known liens or with liens negotiated and/or satisfied at closing. You will receive clean marketable title to these properties.

THE PROPERTY IS BEING SOLD “AS IS, WHERE IS” – This property is being sold in its current condition with no Buyer contingencies. The information included in the advertising, sales packages, and other is intended for general information purposes only. This information has been provided to us as accurate from outside sources, public records, and other information platforms, however the Seller, Country Boys Auction & Realty, Inc., its employees, Brokers, and associates, hold themselves harmless for any and/or all the information provided in this package. Furthermore, all drawings, maps, letters, descriptions, etc., are “unofficial.” It is the sole responsibility and obligation of the buyer to inspect the property prior to the time of sale and do any and all research they deem necessary prior to bidding.

BROKER - Country Boys Auction & Realty, Inc., its Brokers, and employees are agents for the Seller and have no dual agency representation of responsibilities. Our company will gladly work to assist buyers in any was possible within that capacity. Any agent or Broker working with a Buyer will be a Buyer's Agent and would need to be compensated by the Buyer.

DEPOSIT - A deposit in the amount of 10% of the high bid amount is required by the high bidder immediately upon completion of the auction. Cash or check is accepted. The property is being sold “free and clear” of all liens, or with liens satisfied at closing.

CLOSING – The balance of the sales amount will be due at closing. The Buyer will have (30) days from the time of confirmation to close on the property.

TAXES - The property is being sold with taxes prorated as of day of closing, meaning the current year taxes will be split between the Buyer and the Seller based on the closing date; the Seller will pay all prior year’s taxes.

NO BUYER’S PREMIUM - THIS IS A PUBLIC AUCTION

ANNOUNCEMENTS AT TIME OF AUCTION TAKE PRECEDENCE OVER ALL OTHER INFORMATION, BE IT WRITTEN, ADVERTISED, OR CONVEYED.