NCDOT Residue Property Auction - NC Mountains, Division 14

Commercial Auction in NC Mountains Division 14, Nc Dot Various Counties, North Carolina, United States

15 Tuesday
15th September, 2020

NCDOT Residue Property Auction - NC Mountains, Division 14

Commercial Auction in NC Mountains Division 14, Nc Dot Various Counties North Carolina, United States

Tuesday at - 15th September , 2020

Notes

Iron Horse Auction Company has been retained by NCDOT to sell real estate deemed as residue throughout Division 14 in Western North Carolina. This Online Only auction includes NCDOT Owned Properties in Cherokee, Graham, Haywood, Henderson, Macon, Polk, Swain, and Transylvania Counties. All closings will be handled in-house by NCDOT with a $31.00 electronic filing fee. All lots in auction are subject to a 10 day raise of bid and approval by NCDOT. Please see attached addendum. 10% Buyer's Premium Earnest Money Deposit 10% All high bids must be be approved by NCDOT after the auction concludes.

Online Only Real Estate Terms 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. Closing cost is buyer paying electronic filing fee of $31.00. All closing is done in-house at NCDOT / NC Attorney General’s office. There will be no combo bidding on this auction - each lot will have an individual bid. All high bids are subject to one 10 Day Upset bid period after the auction concludes. The period does not re-set if an upset bid is placed. Once the 10 Day period expires, the highest bid is sent for NCDOT approval. Agency: Iron Horse Auction Company, Inc. is acting as agent of the Seller and at no time acting on behalf of the Buyer. The Auctioneer reserves the right to bid on items on behalf of the Seller as permissible by the Uniform Commercial Code. Buyer's Premium: There will be a Ten Percent (10%) Buyer’s Premium added to the final bid price to determine the final contract purchase price. 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: Ten Percent (10%) 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. It is understood that the purchaser must hire an attorney to act as a settlement agent, which includes but is not limited to the preparation of settlement statement, distribution of funds and recording of all required documents. The Purchaser shall have the right to have a title examination made at the expense of the Purchaser. Additionally, it is understood that the transaction is to be closed on or before 30 days of the date of this contract at the office of the Purchaser’s attorney. 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

Description

ONLINE ONLY
September 1st at 8am - September 15th at 2pm

INSPECTIONS
At Buyers Leisure and Liability

PROJECT MANAGER 
Chris Crawford

919.935.1974

PROPERTY DESCRIPTION


 

Lot #Description
1.42+/- Acres on McGuire Street in Murphy, NC
Cherokee County
 Parcel 45921972110300
2.87+/- Acres on Martins Creek Road in Murphy, NC
Cherokee County
 Parcel 459219701018000
32.63+/- Acres on Martins Creek Road in Murphy, NC
Cherokee County
 Parcel 459102794652000
4.37+/- Acres on Martins Creek Road in Murphy, NC
Cherokee County
 Parcel 459102799411000
62.33+/- Acres on NC Hwy 28 in Bryson City, NC
Graham County
 Parcel 6632.00-29-3971
12.89+/- Acres on Asheville Road in Waynesville, NC
Haywood County
 Parcel 8616-93-6982
16.52+/- Acres on Crabtree Road in Waynesville, NC
Haywood County
Parcel 8627-23-5296
17.57+/- Acres on Crabtree Road in Waynesville, NC
Haywood County
Parcel 8627-23-5296
19.23+/- Acres on Church Street in Canton, NC
Haywood County
 Parcel 8657-91-6218
20.22+/- Acres on Church Street in Canton, NC
Haywood County
 Parcel 8657-91-5361
21.2+/- Acres on Church Street in Canton, NC
Haywood County
 Parcel 8657-91-4298
22.4+/- Acres on Church Street in Canton, NC
Haywood County
 Parcel 8657-91-3269
23.41+/- Acres on Pisgah Drive/Henson Cove Road in Canton, NC
Haywood County
 Parcel 8656-30-4868
24.099+/- Acres on Gerton Hwy/ Bearwallow Mtn. Road in Gerton, NC
Henderson County
 Parcel 0604362210
29.21+/- Acres off John Shehan Road in Tyron, NC
Polk County
 Parcel P94-27
31.15+/- Acres on Cashiers Valley Road in Brevard, NC
Transylvania County
 Parcel 8575-84-1758-000

Map

Close

Location has been calculated by address and may not be 100% accurate.




Auction Items For Sale

ONLINE ONLY
September 1st at 8am - September 15th at 2pm

INSPECTIONS
At Buyers Leisure and Liability

PROJECT MANAGER 
Chris Crawford

919.935.1974

PROPERTY DESCRIPTION


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Lot #Description1.42+/- Acres on McGuire Street in Murphy, NC
Cherokee County
 Parcel 459219721103002.87+/- Acres on Martins Creek Road in Murphy, NC
Cherokee County
 Parcel 45921970101800032.63+/- Acres on Martins Creek Road in Murphy, NC
Cherokee County
 Parcel 4591027946520004.37+/- Acres on Martins Creek Road in Murphy, NC
Cherokee County
 Parcel 45910279941100062.33+/- Acres on NC Hwy 28 in Bryson City, NC
Graham County
 Parcel 6632.00-29-397112.89+/- Acres on Asheville Road in Waynesville, NC
Haywood County
 Parcel 8616-93-698216.52+/- Acres on Crabtree Road in Waynesville, NC
Haywood County
Parcel 8627-23-529617.57+/- Acres on Crabtree Road in Waynesville, NC
Haywood County
Parcel 8627-23-529619.23+/- Acres on Church Street in Canton, NC
Haywood County
 Parcel 8657-91-621820.22+/- Acres on Church Street in Canton, NC
Haywood County
 Parcel 8657-91-536121.2+/- Acres on Church Street in Canton, NC
Haywood County
 Parcel 8657-91-429822.4+/- Acres on Church Street in Canton, NC
Haywood County
 Parcel 8657-91-326923.41+/- Acres on Pisgah Drive/Henson Cove Road in Canton, NC
Haywood County
 Parcel 8656-30-486824.099+/- Acres on Gerton Hwy/ Bearwallow Mtn. Road in Gerton, NC
Henderson County
 Parcel 060436221029.21+/- Acres off John Shehan Road in Tyron, NC
Polk County
 Parcel P94-2731.15+/- Acres on Cashiers Valley Road in Brevard, NC
Transylvania County
 Parcel 8575-84-1758-000

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