Residential Rental Portfolio in Greensboro and Kernersville, NC

Commercial Auction in Multiple Locations, Greensboro And Kernersville North Carolina, United States

15 Thursday
15th October, 2020

Residential Rental Portfolio in Greensboro and Kernersville, NC

Commercial Auction in Multiple Locations, Greensboro And Kernersville North Carolina, United States

Thursday at - 15th October , 2020

Notes

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 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: 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

Description

ONLINE ONLY
October 8th at 8am - October 15th at 2pm

PROPERTY ADDRESS
Greensboro and Kernersville, NC

INSPECTIONS
Details Coming Soon!

PROJECT MANAGER 
Will Lilly
[email protected]

PROPERTY DESCRIPTION
                                                                                                                                                                                                                                                                                                                                                                                                                                   

 

Lot #TitleDescription
1House located at 3709 West Avenue in Greensboro, NCGuilford County
Parcel 7843757077
Deed Book 5766, Page 2686
Plat 9/36
Monthly Rent $785.00
Tax Value $64,500.00
 .172+/- Acres
2House located at 2808 Wildwood Drive in Greensboro, NCGuilford County
Parcel 7853286504
Deed Book 7519, Page 1429
Plat 18/60
Monthly Rent $695.00
Tax Value $50,300.00
 .245+/- Acres
3House located at 2908 Wildwood Drive in Greensboro, NCGuilford County
Parcel 7853285132
Deed Book 7519, Page 1429
Plat 18/60
Monthly Rent $725.00
Tax Value $50,600.00
 .218+/- Acres
4House located at 2910 Wildwood Drive in Greensboro, NCGuilford County
Parcel 7853285025
Deed Book 7519, Page 1429
Plat 18/60
Monthly Rent $740.00
Tax Value $51,000.00
 .244+/- Acres
5House located at 1800 Hardie Street in Greensboro, NCGuilford County
Parcel 7853586778
Deed Book 7519, Page 1429
Plat 26/41
Monthly Rent $725.00
Tax Value $64,200.00
 .249+/- Acres 
6House located at 1504 W. Florida Street in Greensboro, NCGuilford County
Parcel 7853885908
Deed Book 7519, Page 1429
Plat 2/97
Monthly Rent $750.00
Tax Value $56,100.00
 .16+/- Acres
7House located at 2011 Lynette Drive in Greensboro, NCGuilford County
Parcel 7853644555
Deed Book 7519, Page 1429
Plat 36/39
Monthly Rent $850.00
Tax Value $81,000.00
 .393+/- Acres
8House located at 700 N. Josephine Blvd.  in Greensboro, NCGuilford County
Parcel 7854998440
Deed Book 7519, Page 1429
Plat 7/35
Monthly Rent $725.00
Tax Value $120,000.00
.189+/- Acres
9House located at 1406 Mayfair Avenue in Greensboro, NCGuilford County
Parcel 7875323825
Deed Book 7519, Page 1429
Plat 17/33
Monthly Rent $475.00
Tax Value $40,200.00
.15+/- Acres
10House located at 2451 Smithwick Road in Kernersville, NCForsyth County
Parcel 6883-86-6752.00
Deed Book 3171, page 2723
Monthly Rent $895.00
Tax Value $111,500.00
.464+/- Acres
11Condo unit located at 358 B Cherry Street in Kernersville, NCForsyth County
Parcel 6886-13-0406.00
Deed Book 3521, Page 3761
Monthly Rent $650.00
Tax Value $28,500.00

        


    

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

Auction Items For Sale

ONLINE ONLY
October 8th at 8am - October 15th at 2pm

PROPERTY ADDRESS
Greensboro and Kernersville, NC

INSPECTIONS
Details Coming Soon!

PROJECT MANAGER 
Will Lilly
[email protected]

PROPERTY DESCRIPTION
                                                                                                                                                                                                                                                                                                                                                                                                                                   

 

Lot #TitleDescription1House located at 3709 West Avenue in Greensboro, NCGuilford County
Parcel 7843757077
Deed Book 5766, Page 2686
Plat 9/36
Monthly Rent $785.00
Tax Value $64,500.00
 .172+/- Acres2House located at 2808 Wildwood Drive in Greensboro, NCGuilford County
Parcel 7853286504
Deed Book 7519, Page 1429
Plat 18/60
Monthly Rent $695.00
Tax Value $50,300.00
 .245+/- Acres3House located at 2908 Wildwood Drive in Greensboro, NCGuilford County
Parcel 7853285132
Deed Book 7519, Page 1429
Plat 18/60
Monthly Rent $725.00
Tax Value $50,600.00
 .218+/- Acres4House located at 2910 Wildwood Drive in Greensboro, NCGuilford County
Parcel 7853285025
Deed Book 7519, Page 1429
Plat 18/60
Monthly Rent $740.00
Tax Value $51,000.00
 .244+/- Acres5House located at 1800 Hardie Street in Greensboro, NCGuilford County
Parcel 7853586778
Deed Book 7519, Page 1429
Plat 26/41
Monthly Rent $725.00
Tax Value $64,200.00
 .249+/- Acres 6House located at 1504 W. Florida Street in Greensboro, NCGuilford County
Parcel 7853885908
Deed Book 7519, Page 1429
Plat 2/97
Monthly Rent $750.00
Tax Value $56,100.00
 .16+/- Acres7House located at 2011 Lynette Drive in Greensboro, NCGuilford County
Parcel 7853644555
Deed Book 7519, Page 1429
Plat 36/39
Monthly Rent $850.00
Tax Value $81,000.00
 .393+/- Acres8House located at 700 N. Josephine Blvd.  in Greensboro, NCGuilford County
Parcel 7854998440
Deed Book 7519, Page 1429
Plat 7/35
Monthly Rent $725.00
Tax Value $120,000.00
.189+/- Acres9House located at 1406 Mayfair Avenue in Greensboro, NCGuilford County
Parcel 7875323825
Deed Book 7519, Page 1429
Plat 17/33
Monthly Rent $475.00
Tax Value $40,200.00
.15+/- Acres10House located at 2451 Smithwick Road in Kernersville, NCForsyth County
Parcel 6883-86-6752.00
Deed Book 3171, page 2723
Monthly Rent $895.00
Tax Value $111,500.00
.464+/- Acres11Condo unit located at 358 B Cherry Street in Kernersville, NCForsyth County
Parcel 6886-13-0406.00
Deed Book 3521, Page 3761
Monthly Rent $650.00
Tax Value $28,500.00

        


    

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