THIS IS A COMPLETED SALE
View current listings by this company
View current listings by this company
19029 - SEIZED LENOIR COUNTY REAL ESTATE
Listing ID#: 122439
| Auction Location |
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Kinston, NC 28504 |
| Auction Dates and Times |
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Friday Mar 22, 2019 Completed Friday May 3, 2019 Completed |
| Auction Type |
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  Live Auction with Online Bidding
VIEW ONLINE CATALOG |
| Company Information |
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Wester Auction & Realty, Inc. (NCAL 7026) Contact: Randy or Marsha Phone: 984-500-9395 Email: randywester@gmail.com Website: www.westerauction.com GoToAuction.com ID#: 2697 View company information and listings |
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| Listing Terms and Conditions |
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This property is being sold subject to all terms declared in the "NOTICE OF SALE". Please take time to read this carefully.
This property is NOT being sold subject to the buyer obtaining financing or selling other property. All bids are based on the inspection, appraisal, and desire of the bidder without inducement from the NC Department of Revenue, Lenoir County Sheriff, or Wester Auction & Realty, Inc., either written or oral.
Please read all documents attached to this auction.
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| Listing Information |
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THIS WILL BE A LIVE AUCTION WITH ONLINE PRE-BIDDING AND SIMULCAST BIDDING.
THE AUCTION WILL BE HELD AT THE LENOIR COUNTY COURTHOUSE.
We are assisting the Lenoir County Sheriff's Department with the sale of a prime commercial property in Kinston. The property was seized by the Sheriff for the NC Department of Revenue. 10 OUTSTANDING LIEN ON THE PROPERTY There is an outstanding Deed of Trust on the property with a payoff of approximately $525,000. The new owner will be responsible for settling this with the bank holding the note. (See attached picture of the account) 1 AUCTION HAS BEEN CANCELED Because of the pending foreclosure by the bank, the Dept. of Revenue and the Sheriff's Department have decided to cancel the auction. 1 PLACE YOUR BID HERE Please read this entire auction listing before placing your bid. We have very important information in all areas of the listing. 8 TERMS OF SALE (see AUCTION DETAILS above) Please read this entire section and all aspects of this auction listing. 9 NOTICE OF SALE Please click on the link below the picture to see the Notice of Sale, explaining the procedure. 2 3700 W. Vernon Avenue, Kinston, NC The parcel being sold is +/- 3 acres, zoned B-1. The parcel includes a +/- 10,000 sq. ft. brick building. The most recent use for the property was a large family styled restaurant (Kinstonian Family Restaurant) and previously known as Abbott Count... 3 DOCUMENTS FROM THE REGISTER OF DEEDS We have searched the Lenoir County Register of Deeds files. We have posted copies of every document we could find having to do with this property. This is NOT a title search done by an attorney, and is for basic informational purposes only. We do ... 5 METHODS FOR PLACING BIDS You may bid here starting now and during the live auction on Friday, May 3 at NOON. OR You can come to the courthouse on Friday, May 3 and bid there. 6 UPSET PERIOD In accordance with GS 1.339.64 the bid must remain open for upset for a period of 10 days from the time the bid was placed. Please read this carefully: An upset bid is an advanced, increased, or raised bid whereby a person offers to purchase real pr... 4 CELL TOWER ON THE PROPERTY The cell tower on the right rear of the property belongs to Crown Communication, LLC who leased the land from the former owner, Mrs. Abbott. The land lease term runs until 2025 and has been fully paid in advance. There will be no revenue available ... 7 RECORDED INFORMATION Click on the small link below the picture to the left. You will find .pdf files of information recorded at the Lenoir County Courthouse. |
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