ONLINE ONLY North Carolina House Auction
Morehead City, North Carolina 28557 – Carteret County
3 Bedroom, 2 ½ Bath House w/ 2 Car Garage
3517 Mandy Lane, Morehead City, NC 28557
Bidding Begins FEBRUARY 15th
Bidding Ends MARCH 1st at 2:00 PM
OnLine Only Bidding - Bid from the convenience of
Home, Office or on-the-Go from your smart phone !!!
PROPERTY DESCRIPTION:
3 Bedroom, 2 ½ Bath House on Corner Lot
1 ½ story with vinyl siding and attached 2 Car Garage
Spacious Living Room, new carpet in bedrooms
Corner of Mandy Lane & Worth Dr., with side entrance drive
Nice privacy fence for backyard
One block from The SPORTS CENTER, Morehead City’s
premier fitness facility
Walking distance to Morehead City’s Medical Facilities, and
½ mile from Carteret General Hospital.
Deed Book 1169, Page 4
Tax Parcel PIN # 6376.10.35.5905000
SCHOOL DISTRICTS:
Pre-K thru 3rd Grade = Morehead Primary School
Grade 4 & 5 = Morehead Elementary
Morehead Middle School
West Carteret High School
DIRECTIONS: From Arendell Street at Carteret General Hospital, travel north on North 35th Street approx. 7/10 mile, turn Left on Mandy Lane at The SPORTS CENTER, go one block, house on left.
Pubic Sewer & Water Service by Morehead City
Electrical by Progress Energy
OPEN HOUSE & INSPECTION:
Thursday - February 16 - from 4:00 to 6:00 PM
Wednesday - February 22 - from 4:00 to 6:00 PM
Sunday - February 26 - from 4:00 to 6:00 PM
House Auction Company, Inc.
PO Box 220
Marshallberg, NC 28553
252-729-1162
NCAL # 7889 & #7435
North Carolina OnLine Real Estate Auction<br>
Carteret County<br>
<br>
House & Lot<br>
3517 Mandy Lane, Morehead City, NC 28557<br>
Auction Terms & Conditions<br>
<br>
OnLine Bidding Begins – Wednesday, February 15, 2012<br>
<br>
And ENDS – Thursday, March 1, 2012 at 2:00 Eastern<br>
<br>
Purchase and Sale Contract: Each property is offered under the specific terms provided in the Sale Contract. The Sale Contract is available at www.HouseAuctionCompany.com for each specific property. Click on “FILES” located in the upper left on Auction Listing page for each property. Please read and review the contract thoroughly prior to bidding on any property. If you have not read and reviewed the Purchase and Sale Contract Do Not Bid. <br>
<br>
A credit card, Visa or MasterCard is required to register and bid.<br>
Auction End Times: All House Auction Company Online Only Real Estate Auctions are timed events. <br>
<br>
Auto Extended Bidding Feature: House Auction Company Online Only Real Estate Auctions have an Auto Extend feature. Any bid placed on any property within 5 minutes of the auction ending will automatically extend the ENTIRE auction (BOTH properties) for 5 minutes from the time the bid is placed. <br>
Example: If an auction scheduled to end at 2:00 p.m. receives a bid at 1:59 p.m., the close time of the entire auction automatically extends to 2:04 p.m. The auto-extend feature remains active until no further bids are received on any property within the 5 minute time frame. <br>
NOTE: There are two (2) properties in this Auction, offered separately – 3517 Mandy Lane, Morehead City, NC, and 2227 Lennoxville Road, Beaufort, NC.<br>
<br>
TERMS: At the close of the auction, the successful bidder will be emailed a contract to be executed and returned to House Auction Company, Inc. The successful bidder will deposit 15% (fifteen percent) of the contract purchase price with House Auction Company, Inc. in the form of cashier’s check, wire transfer, or guaranteed personal funds within 48 hours of the close of the auction. The entirety of the remaining balance is due at closing. Instructions for wire transfer and /or cashier’s check transmittal will be sent by e-mail to the successful bidder. Purchaser shall be responsible for all wire transfer fees.<br>
A 10 % Buyer’s Premium will be added to the bid price to determine the final contract price.<br>
<br>
Buyer’s Premium Example: Bid Price: $100,000 - Plus 10% Buyer’s Premium: $10,000 – for a Total Contract Purchase Price of $110,000.<br>
<br>
Contract Documents will be sent by e-mail to the successful bidder, who must execute and fax or email back to House Auction Company within 48 hours of the end of the auction.<br>
Successful bidders not executing and returning their contract with earnest money deposit within 48 hours of the conclusion of the auction will be considered in default, and will be charged an administrative fee of $1,500.00 on the credit card that was registered by the bidder.<br>
<br>
We will also accept alternative bidding methods for qualified buyers, IF the buyer is not internet equipped AND the buyer makes appropriate arrangements with House Auction Company, Inc. NO LESS than 24 hours from the end of the auction.<br>
Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, House Auction Company, Inc. will reject the registration, and bidding activity will be terminated. <br>
Properties are selling subject to Seller’s confirmation. Seller will convey to the successful Purchaser good and marketable title to said properties by General Warranty Deed.<br>
<br>
Closings: Time being of the essence, this sale shall be closed on or before Tuesday, April 10, 2012. These sales will be closed by Mr. Richard Stanley – Attorney at Law, at 601 Cedar Street, Beaufort, NC 28516 telephone 252-728-7200. Mr. Stanley will charge the Purchaser a closing fee of $450.00. This fee includes preliminary title opinion, conducting a cash closing, collecting and disbursing the funds, preparing a closing statement and recording the deed. This fee does not include the recording fee charged by the Register of Deeds. If the purchaser wants a written title opinion, title insurance, processing of any bank loan package, or other services, Mr. Stanley will provide them for a reasonable additional fee. The seller will pay for the General Warranty Deed and State of North Carolina documentary stamps. The purchaser will pay all other closing costs associated with this sale. <br>
Ad Valorem taxes will be prorated between Seller and Buyer as of the date of closing.<br>
Appliances: The refrigerator, range/oven, washer and dryer convey with property.<br>
Open House/Inspection: See the Auction Listing for this property at www.HouseAuctionCompany.com for the scheduled dates for Open House / Inspection. Please contact House Auction Company, Inc. at 252-729-1162 to arrange a private showing. <br>
Broker Participation: A Broker Participation Commission of 2% (two percent) of the bid price is available to properly registered brokers whose prospect (bidder) purchases real estate at the auction and closes in full. A Broker Participation Form with complete instructions is available at www.HouseAuctionCompany.com. Broker must be actively licensed in North Carolina and must register their prospect 24 hours prior to client submitting a bid, using the House Auction Company, Inc. Broker Participation Form and in accordance with the guidelines set forth. Neither House Auction Company, Inc. nor our sellers will pay any commissions to brokers acting as principles. Please read guidelines.<br>
Agency Disclosure: In all transactions, the auctioneer is acting as agent for the Seller, not as buyer’s agent. <br>
Special Note: The property is selling subject to easements, leases, restrictions, covenants, conditions, zoning and all other matters revealed by a current survey or an inspection of the property or contained in public records, including but not limited to the Declarations of Restrictive and Protective Covenants & Conditions for Justin’s Corner Subdivision, which are recorded at Deed Book 750, Page 802; Book 761, Page 831; Book 787, Page 908; and Book 804, Page 389, Carteret County Registry. A copy of said Declaration of Condominium is available on this website on the Auction Listing page under the “FILES” category / link.<br>
<br>
Disclaimer: House Auction Company, Inc., and the Seller have gathered this information from sources deemed reliable and believe it to be correct to the best of our knowledge. The information is being furnished to bidders for the bidder’s convenience and it is the responsibility of the bidder to determine that information contained herein is accurate and complete. Any reliance on the contents shall be solely at the recipient’s risk. Each bidder must conduct and rely solely upon their own investigation and inspection. The property is being sold “AS IS” with any and all faults. Please review all information supplied and seek appropriate assistance prior to bidding. <br>
NCAL #7889 & #7435
Carteret County<br>
<br>
House & Lot<br>
3517 Mandy Lane, Morehead City, NC 28557<br>
Auction Terms & Conditions<br>
<br>
OnLine Bidding Begins – Wednesday, February 15, 2012<br>
<br>
And ENDS – Thursday, March 1, 2012 at 2:00 Eastern<br>
<br>
Purchase and Sale Contract: Each property is offered under the specific terms provided in the Sale Contract. The Sale Contract is available at www.HouseAuctionCompany.com for each specific property. Click on “FILES” located in the upper left on Auction Listing page for each property. Please read and review the contract thoroughly prior to bidding on any property. If you have not read and reviewed the Purchase and Sale Contract Do Not Bid. <br>
<br>
A credit card, Visa or MasterCard is required to register and bid.<br>
Auction End Times: All House Auction Company Online Only Real Estate Auctions are timed events. <br>
<br>
Auto Extended Bidding Feature: House Auction Company Online Only Real Estate Auctions have an Auto Extend feature. Any bid placed on any property within 5 minutes of the auction ending will automatically extend the ENTIRE auction (BOTH properties) for 5 minutes from the time the bid is placed. <br>
Example: If an auction scheduled to end at 2:00 p.m. receives a bid at 1:59 p.m., the close time of the entire auction automatically extends to 2:04 p.m. The auto-extend feature remains active until no further bids are received on any property within the 5 minute time frame. <br>
NOTE: There are two (2) properties in this Auction, offered separately – 3517 Mandy Lane, Morehead City, NC, and 2227 Lennoxville Road, Beaufort, NC.<br>
<br>
TERMS: At the close of the auction, the successful bidder will be emailed a contract to be executed and returned to House Auction Company, Inc. The successful bidder will deposit 15% (fifteen percent) of the contract purchase price with House Auction Company, Inc. in the form of cashier’s check, wire transfer, or guaranteed personal funds within 48 hours of the close of the auction. The entirety of the remaining balance is due at closing. Instructions for wire transfer and /or cashier’s check transmittal will be sent by e-mail to the successful bidder. Purchaser shall be responsible for all wire transfer fees.<br>
A 10 % Buyer’s Premium will be added to the bid price to determine the final contract price.<br>
<br>
Buyer’s Premium Example: Bid Price: $100,000 - Plus 10% Buyer’s Premium: $10,000 – for a Total Contract Purchase Price of $110,000.<br>
<br>
Contract Documents will be sent by e-mail to the successful bidder, who must execute and fax or email back to House Auction Company within 48 hours of the end of the auction.<br>
Successful bidders not executing and returning their contract with earnest money deposit within 48 hours of the conclusion of the auction will be considered in default, and will be charged an administrative fee of $1,500.00 on the credit card that was registered by the bidder.<br>
<br>
We will also accept alternative bidding methods for qualified buyers, IF the buyer is not internet equipped AND the buyer makes appropriate arrangements with House Auction Company, Inc. NO LESS than 24 hours from the end of the auction.<br>
Bidder Verification: The identity of all bidders will be verified, bidding rights are provisional, and if complete verification is not possible, House Auction Company, Inc. will reject the registration, and bidding activity will be terminated. <br>
Properties are selling subject to Seller’s confirmation. Seller will convey to the successful Purchaser good and marketable title to said properties by General Warranty Deed.<br>
<br>
Closings: Time being of the essence, this sale shall be closed on or before Tuesday, April 10, 2012. These sales will be closed by Mr. Richard Stanley – Attorney at Law, at 601 Cedar Street, Beaufort, NC 28516 telephone 252-728-7200. Mr. Stanley will charge the Purchaser a closing fee of $450.00. This fee includes preliminary title opinion, conducting a cash closing, collecting and disbursing the funds, preparing a closing statement and recording the deed. This fee does not include the recording fee charged by the Register of Deeds. If the purchaser wants a written title opinion, title insurance, processing of any bank loan package, or other services, Mr. Stanley will provide them for a reasonable additional fee. The seller will pay for the General Warranty Deed and State of North Carolina documentary stamps. The purchaser will pay all other closing costs associated with this sale. <br>
Ad Valorem taxes will be prorated between Seller and Buyer as of the date of closing.<br>
Appliances: The refrigerator, range/oven, washer and dryer convey with property.<br>
Open House/Inspection: See the Auction Listing for this property at www.HouseAuctionCompany.com for the scheduled dates for Open House / Inspection. Please contact House Auction Company, Inc. at 252-729-1162 to arrange a private showing. <br>
Broker Participation: A Broker Participation Commission of 2% (two percent) of the bid price is available to properly registered brokers whose prospect (bidder) purchases real estate at the auction and closes in full. A Broker Participation Form with complete instructions is available at www.HouseAuctionCompany.com. Broker must be actively licensed in North Carolina and must register their prospect 24 hours prior to client submitting a bid, using the House Auction Company, Inc. Broker Participation Form and in accordance with the guidelines set forth. Neither House Auction Company, Inc. nor our sellers will pay any commissions to brokers acting as principles. Please read guidelines.<br>
Agency Disclosure: In all transactions, the auctioneer is acting as agent for the Seller, not as buyer’s agent. <br>
Special Note: The property is selling subject to easements, leases, restrictions, covenants, conditions, zoning and all other matters revealed by a current survey or an inspection of the property or contained in public records, including but not limited to the Declarations of Restrictive and Protective Covenants & Conditions for Justin’s Corner Subdivision, which are recorded at Deed Book 750, Page 802; Book 761, Page 831; Book 787, Page 908; and Book 804, Page 389, Carteret County Registry. A copy of said Declaration of Condominium is available on this website on the Auction Listing page under the “FILES” category / link.<br>
<br>
Disclaimer: House Auction Company, Inc., and the Seller have gathered this information from sources deemed reliable and believe it to be correct to the best of our knowledge. The information is being furnished to bidders for the bidder’s convenience and it is the responsibility of the bidder to determine that information contained herein is accurate and complete. Any reliance on the contents shall be solely at the recipient’s risk. Each bidder must conduct and rely solely upon their own investigation and inspection. The property is being sold “AS IS” with any and all faults. Please review all information supplied and seek appropriate assistance prior to bidding. <br>
NCAL #7889 & #7435