Phone: 731-249-5175

10-DAY RAISE PERIOD - ALL BIDS HAVE CLOSED

by Iron Horse Auction Company

When

FORECLOSURE AUCTION: 11 RESIDENTIAL HOUSES - 10am Eastern

Where

You must go to the Clerks Office to Raise the Bid
100 Justice Place
Shelby, NC 28150
704-476-7800

Notes

0.

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Conducted By

Iron Horse Auction Company

174 Airport Rd.
Rockingham, NC 28379

910-997-2248
www.ironhorseauction.com

http://www.ironhorseauction.com

Contact the Auctioneer

174 Airport Rd.
Rockingham, NC 28379
910-997-2248
www.ironhorseauction.com

Auction Listing

 
FORECLOSURE AUCTION
Case No. 11-SP-293

11 Residential Houses
Some Rented

Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, 10 & 11 Bids Are Now CLOSED.

10-Day Raise of Bid Period
Contact Cleveland Co. Clerk of Court to make Raises.


Shelby, Mooresboro, Grover & Kings Mountain, NC – Cleveland County

 BID RAISE LOCATION
Cleveland County Clerk’s Office, 100 Justice Place, Shelby, NC 28150.
Phone # 704-476-7800.

PROPERTY DESCRIPTION

Auction Lot #1 - BID PERIOD CLOSED 3/19/12 
CLOSED - $40,516.88

House & Lot
409 Meadow Lane, Kings Mountain, NC 28086
Zoned RR – Restricted Residential
Tax Value - $97,912
1,381 +/- Sq. Ft. House
Parcel/10053
*Subject to restrictions found at Bk 15E, Pg 725, click here.

Auction Lot #2 - BID PERIOD CLOSED 3/12/12
CLOSED - $36,750.00
House & Lot
136 Hicks Road, Grover, NC 28073
Zoned R – Residential
Tax Value - $80,663
1,056 +/- Sq. Ft. House
Currently Rented for $675 Month to Month
Parcel/48796

Auction Lot #3 - BID PERIOD CLOSED 3/29/12
CLOSED - $15,500.00

House & Lot
204 N. Dilling Street, Kings Mountain, NC 28086
Zoned R8 – Residential
Tax Value - $25,397
708 +/- Sq. Ft. House
Parcel/7880

Auction Lot #4 (4-2)- BID PERIOD CLOSED 3/5/12
CLOSED - $35,000.00
House & Lot
111 Hudson Street, Shelby, NC 28150
Zoned RO – Residential Office
Tax Value - $47,724
1,246 +/- Sq. Ft. House
Currently Rented for $450 Month to Month
Parcel/19088

Auction Lot #5 - BID PERIOD CLOSED 3/5/12
CLOSED - $15,787.50

House & Lot
1121 N. Lafayette Street, Shelby, NC 28150
Zoned R6 - Residential
Tax Value - $20,189
1,126 +/- Sq. Ft. House
Parcel/20189

Auction Lot #6 - BID PERIOD CLOSED 3/5/12
CLOSED - $15,000.00

House & Lot
718 Parkview Street, Shelby, NC 28150
Zoned R6 - Residential
Tax Value - $54,408
1,038 +/- Sq. Ft. House
Currently Rented for $500 Month to Month
Parcel/22368

Auction Lot #7 - BID PERIOD CLOSED 3/5/12 
CLOSED - $35,500.00
House & Lot
3753 W. Dixon Blvd., Shelby, NC 28150
Zoned RCP – Residential Corrider Protection
Tax Value - $56,115
1,342 +/- Sq. Ft. House
Currently Rented for $425 Month to Month
Parcel/32761

Auction Lot #8 - BID PERIOD CLOSED 4/2/12
CLOSED - $26,935.93

House & Lot
2540 Shoal Creek Ch. Rd., Shelby, NC 28150
Zoned R – Residential
Tax Value - $63,139
825 +/- Sq. Ft. House
Currently Rented for $500 Month to Month
Parcel/45279

Auction Lot #9 - BID PERIOD CLOSED 3/15/12
CLOSED - $31,500.00


House & Lot
1125 Bethlehem Road, Kings Mountain, NC 28086
Zoned R10 - Residential
Tax Value - $76,810
1,584 +/- Sq. Ft. House
Currently Rented for $750 Month to Month
Parcel/71873

Auction Lot #10 (4-3) - BID PERIOD CLOSED 3/5/12
CLOSED - $11,000.00

House & Lot
1304 S. Morgan Street, Shelby, NC 28150
Zoned R10 - Residential
Tax Value - $31,447
1,120 +/- Sq. Ft. House
Parcel/20860

Auction Lot #11 (4-4) - BID PERIOD CLOSED 3/5/12
CLOSED - $10,200.00

House & Lot
129 Shady Lane, Mooresboro, NC 28114
Zoned R – Residential
Tax Value - $31,678
813 +/- Sq. Ft. House
Currently Rented for $375 Month to Month
Parcel/31496


INSPECTIONS
Since the properties are occupied, inspections are not available.

TERMS
Sale is subject to a 10-day raise of bid period. A five percent (5%) cash deposit, or a cash deposit or cashier’s check of $750.00 (no personal chekcs), whichever is greater, will be required of the last and highest bidder. The balance of the bid purchase shall be due in full in cash or certified funds at a closing to take palce within thirty (30) days of the date of sale. The Trustee shall convey title to the property by nonwarranty deed. The purchaser of the real property shall pay the Clerk’s Commissions in the amount of $0.45 per $100.00 of the purchase price (up to a maximum amount of $500.00), required by N.C.G.S. 7A-308(a)(1). This sale is also subject to any applicable county and/or state land transfer and/or revenue taxes, and any excise tax (N.C.G.S. 105-228.30 et. seq), and the successful third party bidder shall be required to make payment for such taxes. Disclaimer & Lead Paint – Homes built prior to 1978 may contain lead based paint. Buyers have the option to test for lead based paint at the buyer’s expense prior to the auction. Conditions – All information contained herein is deemed to be from reliable sources. However, neither the Auctioneer nor the Seller guarantees this information to be correct. We reserve the right to add or delete. Please inspect the property and bid accordingly. The Auctioneer represents the Seller in this transaction. All announcements made at the auction shall take precedence over all other information. All properties sell with insurable title, with title insurance available at the Buyer’s expense.


Iron Horse Auction Company, Inc.

PO Box 1267-Rockingham, NC 28380
800-997-2248 – NCAL 3936

www.ironhorseauction.com

Sale is subject to a 10-day raise of bid period. A five percent (5%) cash deposit, or a cash deposit or cashier's check of $750.00 (no personal chekcs), whichever is greater, will be required of the last and highest bidder. The balance of the bid purchase shall be due in full in cash or certified funds at a closing to take palce within thirty (30) days of the date of sale. The Trustee shall convey title to the property by nonwarranty deed. The purchaser of the real property shall pay the Clerk's Commissions in the amount of $0.45 per $100.00 of the purchase price (up to a maximum amount of $500.00), required by N.C.G.S. 7A-308(a)(1). This sale is also subject to any applicable county and/or state land transfer and/or revenue taxes, and any excise tax (N.C.G.S. 105-228.30 et. seq), and the successful third party bidder shall be required to make payment for such taxes.

You must go to the Cleveland County Clerk's Office to Raise the Bid, 100 Justice Place, Shelby, NC 28150. 704-476-7800.