NC Real Estate Auction

Commercial Auction in Richmond & Wilkes Counties, Wilkesboro North Carolina, United States

22 Thursday
22nd October, 2020

NC Real Estate Auction

Commercial Auction in Richmond & Wilkes Counties, Wilkesboro North Carolina, United States

Thursday at - 22nd October , 2020


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. 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 Seven Percent (7%) 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: Twenty Percent (20%) 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 provided in the Auction Terms & Conditions and "Contract for Sale of Real Property". All administrative fees are non-refundable. Auction Cancellation – Bid Rejection: Iron Horse Auction Company, Inc. reserves the right to reject any and all bids for any reason. Iron Horse Auction Company, Inc. reserves the right to cancel this auction, or remove any item or lot from this auction prior to the



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

Auction Items For Sale

October 15th at 8am - October 22nd at 12pm

Richmond & Wilkes Counties in NC

Dates Coming Soon!

Richard Lilly



192 Sandwedge Road, Wilkesboro, NC  

  • Par ID/ PIN:   2201137 / 3866-48-9177
  • Deed:   Book 1188 / Page 0061
  • Beautiful, well maintained home currently occupied in excellent neighborhood.
  • .61 +/- Acre Lot on Cul De Sac zoned Single Family Residential.
  • Home is located in golf community of Oakwoods Country Club  -  Moravian Falls Fire District.
  • Lot backs up to Oakwoods Country Club cart path area.
  • Tax Value = $233,130      Annual Wilkes County Tax Bill =  $1,748.48 for 2020
  • Built in 1974.   Wood framed with brick façade.  Two-story with full basement.
  •  Approx. 2900 SF of heated living space.
  • Formal living and dining rooms with den on main floor.  Den has brick fireplace with gas logs stove.
  • 3 Bedrooms, possible 4th.   All upstairs, one room has a fireplace with gas logs.
  • 2 Full baths upstairs.   ½ Bath downstairs.
  • Kitchen countertops and bath vanities are granite.
  • Kitchen has KitchenAid range/oven  (new in 2013) , dishwasher (new in 2017) wall oven (new in 2017) and garbage disposal.
  • 2 Car Garage w/ Single Garage Door.   4 Garage Door Openers and 1 Exterior Keypad.  Garage door replaced in 2012.
  • New asphalt shingle roof in 2017.  
  • 2 HVAC units (one for each floor) replaced in 2017.  Air handlers and heat pump units were replaced for both systems.
  • Bosch tankless water heater installed approx. 2010.  LP gas fired.
  • Full basement with walk out double door.  Good height clearance.
  • Vinyl windows installed in 2004.  Tilt sash, insulated windows.
  • All draperies convey with the home.
  • Large deck on rear of home.   Exterior steps to ground level.  Access from home via two sets of double doors on either side of den fireplace.
  • Home has copper wiring.   Seller installed GFI outlets in ½ bath and guest full bath.  Master bath and kitchen have GFI circuit breakers.
  • Flooring is solid oak flooring, carpet and vinyl.  
  • Home has its own septic system and utilizes water from the Moravian Falls Water Assoc.
  • Concrete driveway with landscaped and maintained yard.  

5.77+/- Acres and a Former Convenience Store located at 2085 HWY 73 West in Richmond County, NC
PIN 753000190059
Deed Book 1989, Page 0528

Vacant Lot Located in Harbor Creek Subdivision in Lee County, NC
Parcel 9670-01-3518-00
Lot 324

Vacant Lot Located in Harbor Creek Subdivision in Lee County, NC
Parcel 9670-01-2559-00
Lot 325