533 Bragaw Lane, Chocowinity, NC

REAL ESTATE AUCTION

Currently in an upset bid raise period

This "Barndominum" style home/shop is situated on a 1/2 acre lot located at 533 Bragaw Lane in Chocowinity, NC. Tax listings on the building indicate that it has approximately 480 square feet of living area, 1,440 square feet of unfinished utility space, 360 square feet of infinished garage, plus a large patio and canopy. Records also indicate that this building was originally constructed in 1986 with multiple additions. This property is being sold in the Estate or Matter of Elwood Lewis. BEAUFORT COUNTY FILE NUMBER 24-SP-001046-060

CURENT BID AMOUNT IS $43,050.00

NEXT MINIMUM BID RAISE WILL BE $45,202.50

DEPOSIT ON THE NEXT MINIMUM RAISE WILL BE $2,260.13

THE CURRENT UPSET BID RAISE PERIOD EXPIRES AT 5PM ON 8/1/24

THIS AUCTION WILL BE HELD LIVE ON LOCATION AT THE PROPERTY ON THURSDAY, JULY 11, 2024 AT 11:00AM.

This property is vacant and can be viewed or inspected by calling us at (252)946-6007.

Full tax records and aerial maps are available to print or download by clicking the red "MAPS/BROCHURES" button below.

BEAUFORT COUNTY TAX DATA

ADDRESS - 533 Bragaw Lane, Chocowinity, NC

PARCEL - 28531

YEAR - 1986

TERMS & CONDITIONSTERMS & CONDITIONS

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