410± Acres - Cropland - Pastureland - Livestock Facilities - Surry County, NC
Foreclosure Auction

Foreclosure

AUCTION

 

Bid on site Saturday, July 18, 2020 at 10 AM

 

Auction location at 1174 Pine Ridge Road, Mount Airy, NC 27030

 

410+-Acres, Surry County, NC

Located in the Foothills * Bold Stream * Pond

Convenient to I-74/I-77 with view of the Blue Ridge Mountains

Cropland * Pastureland * Livestock Facilities

 

Special Needs Barn – 13,871+-SF built 1972, roof 1993, Frame, metal roof, concrete floor.

 

Breeding Barn – 5,895+- SF built 2001, Frame, metal roof, concrete floor.

 

Heifer Barn – 742+-SF built in 2007, Frame with metal roof, concrete floor.

 

Free Stall Barn – 7,695+- SF built 1994, renovated 2007, Frame, concrete floor.

 

Upper Free Stall Barn – 18,776+- SF built 2007, metal with concrete floor.

 

Lower Free Stall Barn – 18,776+- SF built 2007, metal with concrete floor.

 

Wean Barn -5,490+- SF built 2005, metal roof, concrete floor.

 

Equipment shed – frame with metal

 

Shop – frame with metal

 

Brick home – 1,588+- SF - 3 bedrooms, 1 bath

1196 Pine Ridge Road, Mt. Airy, NC

Brick house with metal roof, carport, closed in porch, kitchen, dining room, living room with fireplace, 3 bedrooms with hardwood floors, basement.

 

Frame Home – 1,995+-SF – 5 bedrooms, 2 baths

 1174 Pine Ridge Road, Mt. Airy NC

Frame house with kitchen, washer/dryer connection, bath with shower, bath with tub/shower combo, 2 bedrooms with hardwood floors, 3 bedrooms with carpet floors, family room with fireplace, screen porch, Partial basement, oil FWA

 

Zoned RA (Rural Agriculture)

Surry County Tax Map 4090-00-39-0783 (89.83 Acres) 2019 Taxes $198.40

Surry County Tax Map 4090-00-45-8591 (0.355 Acres) 2019 Taxes $28.69

Surry County Tax Map 4090-00-55-3811 (3.55 Acres) 2019 Taxes $278.09

Surry County Tax 4090-00-57-5440 (216.390 Acres) 2019 Taxes 3,177.55

Surry County Tax 4090-00-49-7679 (101.8 Acres) 2019 Taxes $3,996.67

 

Offered in parcels from 25 to 140 acres and combinations

 

TERMS: 5% deposit at the auction. Balance not to exceed 30 days.

Subject to upset bids and Trustee approval. Sells subject to the conservation easement on 134 acres.

 

Preview dates: June 25th 1-3 PM & July 9th 10 AM - Noon. Appointments available by calling the auction firm at 800-442-7906.

 

Auction conducted by:
Rogers Realty & Auction, 1310 EMS Drive, Mount Airy, NC 27­030

 

NCAL 685  

Real Estate Auction Terms and Conditions

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

 

Pursuant to a Notice of Sale and Order of Sale filed with the Clerk of Superior Court of Surry, County, NC

This foreclosure auction is being conducted to sell all the real property identified in said Notice and Order of Sale.


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:  The property will be sold by the legal description for each tract. The Trustee and Auction firm have the sole discretion to sell in parcels, multiple parcels, and combinations of parcels and as a whole to determine the best price for the Trustee. The final sale is subject to approval by the Trustee.  Bidders are obligated to purchase any single lot, tracts or combinations of lots or tracts that remain after another bidder(s) has out bid or placed higher bids on any single lot, tract or combination of lots or tracts made by the previous bidder.

 

UPSET BIDS

Pursuant to North Carolina General Statute § 45-21.27, the property is being sold subject to upset bids.  All bids are left open for upset bids for a period of 10 days following the filing of a Report of Sale with the Surry County Clerk of Court.  Bidders wishing to place an upset bid must do so at the office of the Surry County Clerk of Court.

 

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 5% of the purchase price on site at the auction in cash, cashier's check or a check with a bank letter guaranteeing funds. 

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 stating that buyer is aware that Rogers’ agents represent the seller. 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, no tools, no machinery, no equipment 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. 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.  A Trustee’s Deed shall be paid for by the seller along with deed stamps.  Recording fees shall be paid by the buers.   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.

 

RESERVE: This auction is conducted subject to a reserve price to be established by the Trustee.

 

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. 

 

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.

 

NC Firm #685

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