718 Old Black Creek Road, Fremont, NC

UPSET BID RAISE PERIOD

Bidding is still open

This auction is of an old 1960's single story home situated on an approximate 1.5 acre lot located at 718 Old Black Creek Road. The property is located at the intersection of Old Black Creek Rd and Arthur Davis Rd. The house has been vacant for quite some time and is in very poor condition. The roof has significant damage and deterioration that has resulted in significant deterioration of the interior of the home. This is a very nice lot and location, but the deterioration of the home may have exceeded the point of economically feasible or practical repair. This property is being sold in the Estate or Matter of Helen Lewis File 23-SP-317

THIS AUCTION WAS HELD LIVE ON LOCATION AT THE PROPERTY ON WEDNESDAY, MARCH 20, 2024 AT 12 NOON. THIS PROPERTY IS CURRENTLY IN AN UPSET BID RAISE PERIOD AND THE BID CAN BE RAISED AT THE WAYNE COUNTY CLERK OF COURTS OFFICE.

CURRENT BID AMOUNT $43,050.00

NEXT MINIMUM BID AMOUNT AMOUNT $45,205.50

5% DEPOSIT ON NEXT MINIMUM RAISE $2,260.13

CURRENT BID RAISE PERIOD EXPIRES AT 5PM ON 4/11/24

THIS PROPERTY IS CURRENTLY VACANT, BUT DUE TO THE INTERIOR CONDITION INSPECTION OR VIEWING WILL BE LIMITED. CONTACT MIKE AT (252) 916-1005 OR DEWEY AT (252)916-1002 FOR ADDITIONAL INFORMATION.

WAYNE COUNTY TAX DATA

ADDRESS - 718 Old Black Creek Road

PARCEL - 41557990

AREA - 1,911 SF

ACRES - 1.66+/-

MAPS AND TAX DATA AVAILABLE BY CLICKING THE RED "MAPS & BROCHURES" BUTTON BELOW

TERMS & CONDITIONS

SELLER - This sale is being conducted by CBA in the Estate or Matter of Helen Lewis.

THE PROPERTY IS BEING SOLD “FREE & CLEAR” OF LIENS – Any liens, if any, will be satisfied at or before closing and is being sold free of all known 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. 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 (or $750.00, whichever is the greater amount) is required by the high bidder immediately upon completion of the auction. The auction company accepts cash or check. 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