REGISTER FOR OUR eNEWSLETTER

Get all the latest information for our upcoming auctions!

    Sign up for TEXT ALERTS!

    Receive our latest auction status updates on your phone!

    Text "CBA" to 844 983 5566 to join.
    Star icon

    UPCOMING AUCTIONS

    LEE COUNTY

    REAL ESTATE - 10/11/23 - Lakefront home in Sanford, NC

    October 11, 2023
    10:00AM

    PRINCETON, NC

    REAL ESTATE - 10/12/23 - Commercial Lots in Princeton, NC

    October 12, 2023
    10:00AM

    GREENE COUNTY

    FARM EQUIPMENT - 10/26/23 - SNOW HILL, NC

    October 26, 2023
    10:00AM

    View Full Calendar
    Sanford%20cover

    704 Russell Street, Sanford, NC

    LEE COUNTY

    REAL ESTATE - 10/11/23 - Lakefront home in Sanford, NC

    OCT 11

    10:00AM

    This is a US Federal Bankruptcy Auction of a large "mid-modern" contemporary style partially completed home on a private lake in Sanford, NC. 704 Russell Street is situated on a very large 2.63+/- acre lot overlooking Oldham Lake One with almost 500' feet of waterfront, some of which is already bulkheaded. The lake is suitable for many water activities including boating. The private sloping lot is located at the end of a quiet cul-de-sac with only a couple of other homes. The property is located just off of HWY 421 bypass at Kelly Road, providing quick and easy access to all major highways.

    The home is framed, windows/doors installed, and basically "dried-in" and secured. No exterior siding or trim has been installed. The interior is rough framing with some electrcal and plumbing "rough-in". The main level currently is laid out with a large living area with a glass wall overlooking the lake, large deck area, and the bedrooms. The lower level (basically a large "walk-out" basement is currently a single open space, basically a blank canvas. The current tax listing has the main footprint being 2,651 square feet with (4) bedrooms and (3) full baths. It is also listed as having 851 square feet garage with nearly 800 square feet of additional patio and deck space and a very large walk-out basement.

    As part of your pre-bidding due diligence, we strongly suggest that you contact the Lee County Inspections departments for any and all information they have about permits, inspections, and other information as to the completion of this project. The property is being sold "as is" and it is the sole responsibility of all potential Buyers to perform all necessary due diligence prior to bidding.

    THIS AUCTION WILL BE HELD LIVE ON THE PROPERTY ON WEDNESDAY, OCTOBER 11, 2023, AT 10:00AM. THERE IS NO UPSET BID RAISE PERIOD ON THIS AUCTION, THE FINAL BID AT THE LIVE AUCTION WILL BE THE FINAL BID.

    THIS PROPERTY IS VACANT AND CAN VIEWED AND INSPECTED PRIOR TO THE AUCTION DATE BY CONTACTING MIKE GURKINS AT (252) 916-1005 OR DEWEY DUNN AT (252) 916-1002.

    TAX CARDS, MAPS, DRAWINGS, AND OTHER DOCUMENTS ARE AVAILABLE BY CLICKING THE RED "MAPS & BROCHURES" TAB BELOW. A LINK TO THE FILES WILL OPEN IN YOUR LOWER TOOL BAR AND YOU CAN OPEN THAT FOLDER TO VIEW ALL OF THE SEPARATE FILES.

    LEE COUNTY TAX DATA

    ADDRESS - 704 Russell Street, Sanford, NC

    PARID - 965381828700

    TOTAL ASSESSED VALUE - $309,000.00

    DEEDED ACRES - 2.63

    SQ. FT LIVING AREA - 2,651

    MAIN FOOTPRINT - 2,651

    YEAR - 2018

    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 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.

    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 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

    Maps & Brochures Get Directions
    ADDITIONAL PHOTOS
    20230712 094652
    20230712 094723
    20230712 094802
    20230712 094808
    20230712 094826
    20230712 094854
    20230712 094911
    20230712 094921
    20230712 094939
    20230712 094959
    20230712 095001
    20230712 095014
    20230712 095024
    20230712 095040
    20230712 095316
    20230712 095324
    20230712 095327
    20230712 095335
    20230712 095358
    20230712 095411
    20230712 095413
    20230712 095425
    20230712 095515
    20230712 095526
    20230712 095534
    20230712 095549
    20230712 095553
    20230712 095557
    20230712 095604
    20230712 095616
    20230712 095654
    20230712 095657
    20230712 095801
    Img 9759
    Img 9760
    Img 9761
    Img 9762
    Img 9763
    Img 9764
    Img 9765
    Img 9766
    Img 9767
    A1
    A2