NC Dept. of Transportation 26 Residual Tracts!
Wednesday, June 13, 2018 | 1:00 PM Eastern
Auction closed.
NC Dept. of Transportation 26 Residual Tracts!
Wednesday, June 13, 2018 | 1:00 PM Eastern
Auction closed.
Internet Premium: 11%
See Special Terms for additional fees
See Special Terms for additional fees
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Description
The N.C. Dept. of Transportation has contracted with Johnson Properties to sell 14 lots in Wayne Co & 12 lots in Wake Co classified as "residue properties & tracts" and are no longer needed by NCDOT.
Catalog
Terms of sale
PLEASE READ: At the request of the auction company, this auction permits bids to be placed by the auctioneer, an employee of the auctioneer, or the seller or an agent on the seller's behalf. While Proxibid's Unified User Agreement prohibits this behavior, in accordance with UCC 2-328, this auction is permitted to engage in this activity by providing this clear disclosure to you, the bidder.
PLEASE READ: This auction company has requested and been granted access to see all bids placed including any maximum pre-bids. This auction is permitted to engage in this activity by providing this clear disclosure to you, the bidder.
Important Announcements:
Internet Premium: 11%
Payment Options: Check, Money Order, Wire Transfer, and Cash
Payment Instructions: Payment Options: Cashiers Check, Money Order, Wire Transfer, and Cash Payment Instructions: PLEASE READ ALL TERMS AND CONDITIONS PRIOR TO BIDDING! By registering to bid you are agreeing to all terms of this auction. PAYMENT TERMS: A ten Percent (10%) earnest money deposit is required in the form of a certified check, cash or wire transfer. The earnest money deposit is due within 72-hours of the close of auction, with the balance of the contract purchase price due at closing. Purchaser shall be responsible for all wire transfer fees ($20). ALL ONLINE BIDDERS WITH WINNING BIDS AT THE CONCLUSION OF THE LIVE AUCTION ON AUCTION DAY WILL BE SUBJECT TO A 10 DAY UPSET BID PERIOD AND APPROVAL by the Board of Transportation and, when necessary, by the Council of State. Closing will be as specified in the Auction Purchase Contract. This 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. BUYER'S PREMIUM: A Buyer's Premium of 11% shall be added to the high bid at the close of bidding. The high bid plus buyer's premium shall constitute the Total Contract Price paid by the Buyer to the Seller. The 10% Earnest money deposit will be calculated based on this amount.
Currency Type: USD
Shipping Instructions: NA
Preview Date & Times: Call Jimmy Johnson (919) 427-9497 for information
Checkout Date & Times: NA
Location: 48 Progressive Parkway, Angier, NC 27501
Driving Directions: Live Auction will be held at JP Headquarters at 48 Progressive Parkway, Angier, NC 27501 We are between Angier and Lillington right off of Highway NC 210, about 2 miles south of Angier
Payment Options: Check, Money Order, Wire Transfer, and Cash
Payment Instructions: Payment Options: Cashiers Check, Money Order, Wire Transfer, and Cash Payment Instructions: PLEASE READ ALL TERMS AND CONDITIONS PRIOR TO BIDDING! By registering to bid you are agreeing to all terms of this auction. PAYMENT TERMS: A ten Percent (10%) earnest money deposit is required in the form of a certified check, cash or wire transfer. The earnest money deposit is due within 72-hours of the close of auction, with the balance of the contract purchase price due at closing. Purchaser shall be responsible for all wire transfer fees ($20). ALL ONLINE BIDDERS WITH WINNING BIDS AT THE CONCLUSION OF THE LIVE AUCTION ON AUCTION DAY WILL BE SUBJECT TO A 10 DAY UPSET BID PERIOD AND APPROVAL by the Board of Transportation and, when necessary, by the Council of State. Closing will be as specified in the Auction Purchase Contract. This 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. BUYER'S PREMIUM: A Buyer's Premium of 11% shall be added to the high bid at the close of bidding. The high bid plus buyer's premium shall constitute the Total Contract Price paid by the Buyer to the Seller. The 10% Earnest money deposit will be calculated based on this amount.
Currency Type: USD
Shipping Instructions: NA
Preview Date & Times: Call Jimmy Johnson (919) 427-9497 for information
Checkout Date & Times: NA
Location: 48 Progressive Parkway, Angier, NC 27501
Driving Directions: Live Auction will be held at JP Headquarters at 48 Progressive Parkway, Angier, NC 27501 We are between Angier and Lillington right off of Highway NC 210, about 2 miles south of Angier
Special Terms
PROXIBID AUCTION TERMS AND CONDITIONS:
Live Auction Date: June 13, 2018 at 1:00 p.m.
Live Auction Location: Johnson Properties Office,
48 Progressive Pkwy, Angier, NC 27501
Multiple Residual Properties owned by the NC Dept. Of Transportation; Property Locations (15) in Wayne County and (11) in Wake County
Team JP is selling for The North Carolina Department of Transportation “residue” properties in a live and online simulcast public auction via Proxibid.
1. Broker is the agent of the Seller of the Property offered for sale by auction and Broker and Seller have agreed that this sale is to be conducted by including a buyer’s premium of 11% upon high bid price as determined by the Broker (“Buyer’s Premium”). The actual contract sale price shall be the sum of the successful high bid plus the Buyer’s Premium. (Ex: High Bid of $100,000 plus 11% Buyer’s Premium of $11,000 = $111,000 contract sale price.)
2. In consideration for the Seller and Broker allowing Bidder to bid at the auction of the Property, Bidder hereby acknowledges and agrees that if Bidder is the successful high bidder for the Property, then Bidder will enter into a purchase and sale contract on the day of the auction, under the terms and conditions stated in the auction materials.
3. There is a single 10 day upset bid period.
4. Due to the nature of the offering, it could take as long as 60 days for confirmation from the sellers. All buyers will have up to 30 days from the written notice of said confirmation from the sellers to close.
5. A ten Percent (10%) earnest money deposit is required in the form of a certified check, cash or wire transfer. The earnest money deposit is due within 72-hours of the close of auction, with the balance of the contract purchase price due at closing. Purchaser shall be responsible for all wire transfer fees ($20). The sale of the subject property must be approved by the Board of Transportation and, when necessary, by the Council of State, and these approvals may delay by several months the sale and delivery of the Special Warranty Deed conveying the property.
6. The property will be transferred via a Quitclaim Deed and the Buyer is responsible for all recording fees associated with the recording of the executed Quitclaim Deed; the Closing will be handled at the respective County Register of Deeds office or electronically by the NCDOT.
7. All final payment funds will be made out to NCDOT via a certified or cashier's check, payable at the time of closing and recording of the Quitclaim Deed at the respective County Register of Deeds office.
8. Johnson Properties Realtors & Auctioneers, 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. Buyer has physically reviewed the property and is aware of any access or control of access. Johnson Properties Realtors and Auctioneers, 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 bidding. 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.
9. All properties are offered “AS IS, WHERE IS” with no warranties either written or implied. Potential buyers are encouraged to research all property attributes (i.e. zoning, lot size, water and sewer availability, buildable or non-buildable, easements, encroachments, any governmental or private restrictions, restrictive covenants, etc.) to ensure that the property meets their intended use prior to bidding. The current appropriate county GIS information and aerial representations are provided as a courtesy, but are NOT GUARANTEED for accuracy.
10. REAL ESTATE BROKER/AGENTS: A 2% commission will be paid to any qualified broker who is duly licensed and whose properly registered client successfully buys and closes on the property. To qualify for a commission, the licensed broker/agent must first register the prospective bidder on the Johnson Properties Broker Participation Acknowledgement Form (provided by the auction company). Registration letters must be countersigned by the prospect and include the broker's and agent's license number, identification of the property, any agency disclosure statements, the letter and participation acknowledgement form. Commission is contingent upon, and will only be paid if the broker participation form is received by Auction Company no later than 1:00 P.M. Monday June 11th, 2018. In addition, agents must also attend the auction with their prospects. Johnson Properties will accept only one client per auction from any one Real Estate Broker/Agent.
11. Neither the NCDOT nor Johnson Properties Realtors & Auctioneers, Inc. makes any representation of the condition or suitability of any property for any purpose. All properties are being sold “as is” in their present condition with all faults if any.
Cumberland County Tax Rate: .799 per $100
For any potential additional tax rates, including any city, fire district or special tax rates, please contact the local authorities affiliated with the specific property.
For information on zoning and utilities, please contact the local authorities affiliated with the specific property.
There is a SAMPLE CONTRACT available under "downloads" NC DOT Sample Contract
Please call (919) 639-2231 with any questions.
Downloads & Links
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General -
ID23A_PIN_0733109810.pdf -
Lot #1
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ID1_PIN_3605026500.pdf -
Lot #2
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ID2_PIN_2693862270.pdf -
Lot #3
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ID3_PIN_2693861196.pdf -
Lot #4
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ID4_PIN_2693861101.pdf -
Lot #5
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ID5_PIN_2693860026.pdf -
Lot #6
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ID6_PIN_2690754599.pdf -
Lot #7
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ID7_PIN_2690658352.pdf -
Lot #8
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ID8_PIN_2690657401.pdf -
Lot #9
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ID9_PIN_2690656350.pdf -
Lot #10
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ID10_PIN_2690656188.pdf -
Lot #11
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ID11_PIN_2690657151.pdf -
Lot #12
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ID12_PIN_2690657055.pdf -
Lot #13
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ID13_PIN_2690654523.pdf -
Lot #14
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ID14_PIN_2690654460.pdf -
Lot #16
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ID16_PIN_1701623176.pdf -
Lot #17
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ID17_PIN_1701624314.pdf -
Lot #18
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ID18_PIN_0730790324.pdf -
Lot #19
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ID19_PIN_0731554102.pdf -
Lot #20
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ID20_PIN_0731706441.pdf -
Lot #21
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ID21_PIN_0732198808.pdf -
Lot #22
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ID22_PIN_0732266081.pdf -
Lot #23A
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ID23A_PIN_0733109810.pdf -
Lot #23B
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ID23B_PIN_0733109810.pdf -
Lot #24
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ID24_PIN_1703498381.pdf -
Lot #25
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ID25_PIN_1727082843.pdf -
Lot #26
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ID26_PIN_1746106063.pdf
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By clicking "Confirm Buy" you are agreeing to the terms of the sale. Instant Purchase items may have additional fees such as an Internet Premium, Sales Tax, Shipping or other fees not included in the Instant Purchase price. Please see Auction Information for full details.
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Wake County PIN:1746106063
Lot # 26 (Sale Order: 26 of 26)
Wake County PIN:1746106063 Acreage: 1.03 AC Site Address: 0 NEEDHAM RD Deed Book/Page: 9035/1614 Owner: North Carolina Department of Transportation
Click here for GIS and Tax information>...more
Click here for GIS and Tax information>...more
Bid Range | Increment |
$0.00 - $24.99 | $2.50 |
$25.00 - $49.99 | $5.00 |
$50.00 - $99.99 | $10.00 |
$100.00 - $499.99 | $25.00 |
$500.00 - $999.99 | $50.00 |
$1,000.00 - $2,999.99 | $100.00 |
$3,000.00 - $4,999.99 | $250.00 |
$5,000.00+ | $500.00 |
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