AUCTION ID #: 429357 Bookmark and Share
NORTH CAROLINA property - Fix it and rent it!!!
Item 429357  
Final Bid: USD $0
Number of Bids: 0
Your Bid Status: Login to view status
Reserve: No Reserve!
Status: Closed
Auction Started: 11-17-09    07:00 PM ET
Auction Closed: 11-30-09    03:00 PM ET
Asset Details
Seller Information
   
Seller Name: econohomes
Rating: Seller Rating - 5 (43)
Location: 306 Adams St
East Spencer, NC    28039
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Bid Increment: $500
Shipping Cost: SEE DESCRIPTION BELOW
Minimum Bid: $11,500
Auction Type: Regular Auction
Source: Private Auction
Deposit Required: $0
Overtime Period: 5 min
Buyer's Premium: 10.0%
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Item Specifics
 
Residential Properties  
  Address 306 Adams St
East Spencer, NC 28039
United States

Asset Description

 

Econohomes, LLC

5 Star Rated Seller – Bid with Confidence!!!!

 2 bedrooms / 1 bath

306 Adams St, East Spencer, NC

Contact Wayne County to verify information

Parcel Number 033522089063

 

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Here is what our Assessor had to say:

EXTERIOR DESCRIPTION:
Mix of red brick with white vinyl siding with covered front porch trimmed with black ornamental metal pillars with brick floor. Landscaping provides large lot with mature tree providing shade along with plants and shrubs around home that looks good. Asphalt shingle roof looks in decent shape, intact, and with no signs of leakage although age not specifically determined look like recent install (within five years). Soffits and Eves need some repair to part of home however most look like repaint is all that is needed. Windows are wood box frame windows fair condition that requires some maintenance with some with aluminum frame storm windows included. Exterior composition is mix of vinyl siding which needs some repair over wood frame atop brick in good condition constructed house extending from the brick supported foundation. Home has front porch in good repair with brick flooring and roof extending for covering. Home has rear entrance storage room with paneling and cement flooring in good condition in addition home has exterior storage shed in poor condition. Drive way is concrete strip that is small and has some cracks but will suffice to hold at least on vehicle.
INTERIOR DESCRIPTION:
Living room needs new carpet, paint on part of room, paneling needs some work however has nice window views. Kitchen is missing sink, has cabinets intact, has chimney for install of wood burning stove, ceramic tile for is good but needs cleaning, has good ceiling that needs paint, walls need paint/wallpaper, and has good size with room for breakfast table. Bedroom#1 is set of kitchen has paneling needing repair, needs new carpet, and ceiling is good yet needs paint. Bedroom#2 has nice window views and has large closet yet needs finishing paint as drywall has been redone, new carpet needed, and ceiling needs paint. Bathroom is nice ceramic time with good tub and toilet that need cleaning however needs new vanity sink installed. Home has rear room that is good laundry area however needs wash and dryer hookups installed.
MECHANICALS:
Plumbing is being reworked and needs attention and repair to finish which is mostly for install of sinks in kitchen and bath rest seems intact being mostly PCV and galvanized. Electrical appears intact and has grounded sockets and modern breaker box (not tested). Water heater is old and needs to be replaced although present. No ac system is present as it appears to use wall units. Has furnace in home not installed looks to be prepped for replacement. Home is vented with floor vents for heating and has two chimney holes in living and kitchen that are currently unused.

 



Disclaimer

All information derived from third party sources, including but not limited to property assessments, appraisals, and title reports is deemed reliable but not guaranteed.

All buyers are deemed to have relied entirely on their own information, judgments and inspections of the property in making the decision to purchase the property.

Settlement: A 20% non-refundable deposit is due within 48 hours, full payment is due within 5 days. A $350 deed-processing fee and recording fee will be charged to the buyer. Deeds will be prepared and transferred by the seller to the Register of Deeds for recording within 180 days of receipt of good funds from buyer. Payment may be made by wire transfer, Moneygram, or certified funds.

Buyer is responsible for all liens and encumbrances.

The Seller offers the Property for sale in "AS IS" CONDITION AT THE TIME OF SALE OR CLOSING, INCLUDING ANY HIDDEN DEFECTS OF ANY NATURE, KNOWN OR UNKNOWN, with no representations, warranties or guarantees whatsoever, express or implied, regarding their nature, value, source, authenticity, fitness, merchantability, and/or any other aspect or characteristic of the Property. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding the Property. All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone.

General Refund Policy

Buyer acknowledges and verifies that he/she has carried out the necessary due diligence to purchase, as properties are sold "as is". As such, all sales are final, and refunds will not be granted.


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Additional Details
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Bid4Assets Real Estate Buyer Responsibilities

Bid4Assets reminds all potential bidders on real estate that it is your responsibility to complete all due diligence needed to determine the condition, market value, or investment value of this asset prior to placing a bid. Necessary due diligence items may include, but are not limited to, a) a satisfactory inspection of the property, and b) the satisfactory completion of a title search.

By placing a bid, you acknowledge that any statements made by the seller pertaining to the condition or market value of the property are subjective, and do not release you from your responsibility to perform a due diligence review.

Settlement Requirements
  • This auction requires that the winning bidder pay a Buyer's Premium of 10.00% of the winning bid amount. (The Buyer's Premium covers the costs associated with the auction). This amount will be added to the winning bid and will be included in the total purchase price paid by the Buyer to the Seller.
  • Certified/Cashier's Check
  • Wire Transfer
  • Money Order
  •