Commissioner's Sale - 59± Acres in Mount Airy, NC & 18.787± Acres in Siloam, NC

Commissioner's Sale

Real Estate Auction

Live Onsite

Saturday, July 20

 

10:00am

175 Ethel Harvey Trail, Mt. Airy, NC 27030

13.5± acres fronting Cadle Ford Road consisting of open and wooded acreage with approximately 6 acres open field and the balance in woods.

 

46.21± acres with access by Ethel Harvey Trail. Frame house with farm type buildings, a pond, pasture and approximately 14 acres of open land.

 

These tracts are ideally located between Mt. Airy and Dobson in the White Plains School District.

 

From I-74 Exit 8 follow Red Brush Road towards Dobson, NC and turn left on Cadle Ford and follow to land on the left.
From White Plains Elementary School follow Cadle Ford Road towards Red Brush and turn right on the property.

 

Immediately following the real estate auction farm equipment will be auctioned including a John Deere 1050 Tractor, scrape blade, bush hog, post hole digger, 2 row fertilize distributor, fertilize spreader, horse drawn plows and more.

 

Preview property on July 8 and July 15 from 4pm-6pm

 

 

11:00am

 

18.787± Acres off Hwy 268

 

***Auction will be held at 175 Ethel Harvey Trail, Mt. Airy, NC***

 

Approximately 4.5 miles west of Hwy. 52 in Pilot and near 184 Schneider Lane, Siloam, NC.
 
From Siloam Road and Level Cross follow Hwy. 268 East towards Pilot 4+- miles to Schneider Lane on the right.
 
Wooded acreage with scattered mature trees and growing timber. Ideal retreat, recreational or hunting land.

All wooded acreage, located between Allen Road and Hwy. 268 with a deeded right of way from Hwy. 268 across Schneider Lane to the land.

 

After passing the barn, on the Kynan Massie land, the right of way follows the road through the woods over parcel number 6727. Once the road gets to parcel 1236, the road goes right over the Kynan Massie land and serves as access for Kynan Massie, not the 18.787 acres being sold by auction, and the right of way forks off the road, into the woods on the eastern boundary of parcel 1236 and the right of way continues along the eastern boundary of parcel 1236 until it touches parcel 9942 that is being auctioned. The buyer will have a road that gets part of the way to the land but said buyer would need to build a road along the right of way to get access to the 18.787 acres being sold. This information is deemed accurate from the plat and Surry County, NC GIS aerial map but is not guaranteed. Buyer should do their own inspection, due diligence, and research before bidding or buying the land.

 
Maps available for your inspection prior to the auction.
 
For appointment to tour the land, call Mark Rogers at (336) 409-2272.

 

 

 

 

 

 

 

10% Buyer's Premium

 

10% deposit due by high bidder immediately following the auction 

 

Subject to NC Judicial Sales Act and 10-day upset bid period

 

Final sale is subject to confirmation of the Surry County Clerk of Court

 

Sells AS-IS

 

 

 

Joseph H. Williams, Commissioner, Lowe & Williams

B. Mark Rogers, Auctioneer/Sale Manager

NCAL #685

Real Estate - Two Separate Parcels - Onsite Only Bidding


PLEASE DO NOT BID UNTIL YOU HAVE READ THESE TERMS AND CONDITIONS OF SALE.

Real Estate is subject to sale prior to the auction.

AS IS: The real property will be offered at public auction with live bidding onsite. All improvements, buildings, sheds, structures, etc., sell with the property. The property and all improvements, if any, will be sold on an AS-IS, WHERE IS, WITH ALL FAULTS, conditions, defects, or flaws. The buyer agrees to take the property in the condition existing. No representations or warranties, expressed or implied, concerning the property are made by neither the sellers nor the seller's agents. Descriptions of the improvements and property are believed to be correct but are not guaranteed. You are encouraged to conduct your inspections and due diligence prior to bidding and buying at the auction.

METHOD OF SALE:  Each property will be sold by the legal description in a single parcel by public auction, and offered in combinations at the sole discretion of the commissioner and the auction firm. The property is being sold subject to the NC Judicial Sales Act and upset bids.  All bids are left open for upset bids for a period of 10 days. Upset bids can be made at the office of the Surry County Clerk of Court in Dobson, NC. The final sale is subject to approval by the Clerk of Superior Court.

DEED: Commissioner's deed

EASEMENTS and RIGHT OF WAYS: The real estate is being sold subject to any and all easements or right of ways. Lease payments or rents, if any, will be pro-rated at closing.

ALLOTMENTS and MINERAL RIGHTS: Crop allotments, mineral rights, timber rights, water rights, if any, will transfer with the deed or title.

HOA, POA, and RESTRICTIVE COVENANTS:  The real property is being sold subject to restrictive covenants and homeowner's association rules, regulations and dues and county zoning, if any.

SURVEY:  The property will be sold subject to an existing survey, if any or the existing legal description.

PERK TEST: Perk test are the responsibility of the buyer and the contract is not contingent upon the soil having a satisfactory perk.

FINANCING: The sale is not subject to financing. Failure to close for ANY REASON WHAT SO EVER will result in the forfeiture of the deposit. NO EXCEPTIONS.

DEPOSIT REQUIRED AT AUCTION: Terms are for a deposit of 10% of the purchase price on site at the auction in cash.

PURCHASE CONTRACT: Buyer will be required to execute a Real Property Auction Purchase and Sale Contract on site and submit their deposit.

NO CONTINGENCIES: The purchase and sale contract is not subject to any buyer contingencies for financing, appraisal, surveys, inspection or any other contingencies.

AGENCY: Buyer will be asked to sign an agency disclosure form. Rogers' agents represent the seller and the seller's interest in the transaction.

ENVIRONMENTAL:  There are not any environmental studies, phase 1, phase 2, or phase 3 studies for review. There are not any soil or water studies for review.

PERSONAL PROPERTY: There is no personal property or merchandise being transferred with the real property of value.

CLOSING: Closing is to take place in not more than 30 days from the date of the auction subject to approval by the Surry County Clerk of Court, and subject to upset bids. TIME IS OF THE ESSENCE. All closing costs for the benefit of the buyer such as appraisals, surveys, loan applications, inspections, title searches, title insurance, etc. are the responsibility of the buyer. The seller is not paying for any of the buyers closing costs. . The deed paid for by the sellers, the deed stamps paid by the sellers, and recording fees to be paid by the buyers. Real estate taxes are pro-rated at closing.

BUYER'S PREMIUM: A buyer's premium of 10% is added to the last and highest bid to determine the contract purchase price. For example, if the high bid is $100,000.00, a buyer's premium of $10,000.00 is added and the purchase price would be $110,000.00

POSSESSION: Possession will be given at closing, subject to existing leases, if any.

ABSOLUTE/RESERVE: This auction is conducted subject to court approval.

BID RIGGING: Bid rigging is a felony. Any attempt by bidders to chill the bid, agree with other bidders not to bid to attempt to lower the price is bid rigging. Anyone suspected of bid rigging will be asked to leave the auction site.

DISPUTED BIDS AND INCREMENTS: In case of a dispute over who is the high bidder, the auctioneer has the sole discretion to determine the high bidder. The auctioneer has the sole discretion to determine the live auction bidding increments.  

It is the duty of the bidder to present their bid to the auctioneer and not that of auction support staff, auction ringmen, auction bid assistants, or the auctioneer.

QUALIFIED BIDDERS:
Auctioneer reserves the right to refuse to register any prospective bidder for any reason, or to require a cash deposit from a prospective bidder of an amount designated by Auctioneer and paid in advance by the prospective bidder to Auctioneer. Such deposit will be applied to any purchases made at the auction by the prospective bidder. At the end of the auction, Auctioneer will refund any portion of this deposit that has not been applied to purchases. Furthermore, Auctioneer will require the removal of any person from the auction site for any reason including, but not limited to: (1) tampering with auction lots; (2) any illegal conduct including collusive bidding or stealing; (3) disruptive behavior; (4) failure to abide by these terms; and (5) intoxication. Bidder agrees to leave the auction site immediately and quietly upon request by Auctioneer. Any act of theft, vandalism or disruption will be prosecuted to the fullest extent of the laws.

DEFAULT BY HIGH BIDDER/BUYER: In the event of a default by the bidder/buyer the seller may resale the property to another bidder/buyer and in the event the property sells for less money than the original price the seller may seek the difference from the original bidder/buyer. The seller may have other rights to pursue damages or costs from the defaulted bidder/buyer as allowed by law.

TERMS FOR PAYMENT FOR EQUIPMENT & PERSONAL PROPERTY: Cash or check due the day of the auction. Items are sold AS-IS.

The bidder agrees to all terms and conditions of the auction and should read the detailed terms.

NC Firm #685, VA Firm #2, SC Firm # 1874

3 Auctions are being held at 175 Ethel Harvey Trail in Mount Airy, NC 27030 | Bid Onsite July 20, 2024.   Auction #1: 59± Acres located at Cadle Ford Rd. & Ethel Harvey Rd. **Starts at 10:00 AM**   Auction #2: Farm equipment located at 175 Ethel Harvey Rd. **Immediately follows auction #1**   Auction #3: 18.787± Acres located off Hwy 268 & Schneider Ln. in Siloam, NC **Starts at 11:00AM**   ALL AUCTIONS TAKING PLACE AT 175 ETHEL HARVEY TRAIL, MOUNT AIRY, NC 27030.

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This form is for Auction or Real Estate Inquiries. Completion of this form will not register you for this auction.