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On Site Real Estate Auction
Estate of William & Rebecca Mullins
300 South Cherry St Wilkesboro NC 28659


Saturday June 12th, 2010

At 1 PM
 

Auctioneer's Note: Mr. and Mrs. Mullins have asked that I offer this property at Public Auction with a minimum opening bid of $15,000.00 and any bid beyond this will create an absolute auction. The 2010 tax value on this property is $54,660.00. They wish to cash out of this property in order to take advantage of other opportunities. C-ya on the 12th @ 1PM!!

DIRECTIONS: From Downtown Wilkesboro: Take West Main St to South Cherry St (NC Hwy 16/18 South) at Tyson Plant and turn left onto S. Cherry St. Drive 1 block to property on Left.  From US Hwy 421: Take Exit 286 (Taylorsville/Lenoir Exit) and turn North into town. Drive 1/4 mile to subject property on right. WATCH FOR SIGNS

AGENTS ON SITE DAY OF SALE AT 11 AM

 

Picture taken from College Ave.  125' Frontage on this St.

 

Picture taken from South Cherry St.  100' Frontage on this St.

    
Mother-In-Law Quarters access from College St.
     
 

 

Property Description

A Super Opportunity for the Investor, Landlord, or Anyone with Some Cash and Brains!!!

Older frame home located in high traffic area on 100x125 corner lot with current B-2 zoning (currently being rented as residential). Home consists of 2 bedrooms, living room, kitchen/dining combination, bath, utility room & an attached garage converted into Mother-in-Law quarters. Mr. and Mrs. Mullins have asked that I offer this property at Public Auction with a minimum opening bid of $15,000.00 and any bid beyond this will create an absolute auction. The 2010 tax value on this property is $54,660.00. They wish to cash out of this property in order to take advantage of other opportunities. A rare opportunity for you to make a fantastic investment!!!

Call As Soon As Possible for your appointment to view this property and also for maps, terms, conditions of this Auction.

 

REAL ESTATE TERMS AND CONDITIONS: The Real Estate sells strictly "AS IS, WITH ALL FAULTS". No warranties are given or implied. No improvements/repairs will be made by the owners/sellers. All information is believed to be correct but is not guaranteed. Prospective purchasers are required to have all necessary/desired property inspections that constitute a condition of sale completed prior to the auction. It is the purchaser's responsibility to conduct his/her own due diligence, and must understand he/she is buying the property entirely upon his/her own examination and opinion. All square footages are approximate. The successful Bidder will be required to sign all necessary documents which may include: Offer to Purchase Sales Contract, Residential Property Disclosure Statement, Lead Based Paint Addendum, Terms and Condition Memorandum, Bidder Certification Statement and an Agency Disclosure Statement. A deposit of FIVE Thousand Dollars ($5,000) will be required at time of sale. Balance of PURCHASE PRICE is due upon transfer of title (approximately 30 days). The deposit must be made with cash, cashier’s check, or good personal checks. REAL ESTATE BROKERED BY (As Agent Of The Seller) GREAT STATE AUCTION COMPANY, W. Randall Woodruff, Broker #33312, NCAL #6868. No compensation will be paid to any buyer’s agent. Any announcement made day of sale supersedes any printed materials. A 6% BUYER’S PREMIUM WILL BE CHARGED ON REAL ESTATE.

Real Estate Terms and Conditions
ABSOLUTE AUCTION WITH MINIMUM BID OF $15,000.00

6% Buyer's Premium on Real Estate

1. The Real Estate sells strictly "AS IS, WITH ALL FAULTS". No warranties are given or implied. No improvements/repairs will be made by the owners/sellers. All information is believed to be correct but is not guaranteed. Prospective purchasers are required to have all necessary/desired property inspections that constitute a condition of sale completed prior to the auction. It is the purchasers responsibility to conduct his/her own due diligence, and must understand he/she is buying the property entirely upon his/her own examination and opinion. The information contained herein has been obtained from sources deemed reliable and although every precaution has been taken to insure its accuracy neither the seller or the Great State Auction Company nor any of their agents will be responsible for any errors or omissions contained herein. All square footages are approximate. Insurable Title will be delivered by NC General Warranty Deed.

2. The successful Bidder will be required to sign all necessary documents which may include: Offer to Purchase Sales Contract, Residential Property Disclosure Statement, Lead Based Paint Addendum, Terms and Condition Memorandum, Bidder Certification Statement and an Agency Disclosure Statement.

3. A deposit of Five Thousand Dollars ($5,000.00) will be required at time of sale. Balance of PURCHASE PRICE is due upon transfer of title, approximately 30 days. Your down payment is non-refundable unless the Seller cannot pass a clear insurable title. Your down payment must be in the form of CASH, CASHIER'S CHECK, MONEY ORDER or an APPROVED PERSONAL CHECK (if you have sufficient identification such as a valid Drivers License and Social Security Card, etc.) Absolutely NO Second Party Checks accepted. Buyer's inability to secure a loan for the balance of the sales proceeds is not an excuse to void the sale/purchase. Escrow Agent, Attorney Tim Joines, East Main St. Wilkesboro, NC. 336-838-2701.


ANY ANNOUNCEMENT MADE DAY OF SALE SUPERSEDES ANY PRINTED MATERIAL

***6% BUYER'S PREMIUM WILL BE CHARGED ON REAL ESTATE.***

REAL ESTATE BROKERED BY (As Agent of the Seller)
W. RANDALL WOODRUFF, NCREBL#33312, 104 E. MAIN ST, WILKESBORO, NC 28697
*** Any buyer's agents fees are the sole responsibility of the buyer ***

 

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