UpcomingFarm And Timber Land With Hunting Opportunities - 171.32 Acres
171.32 Acres / Nash County, NCLive Bid at Auction Network
Auction Location:Hampton Inn, 530 N. Winstead Avenue, Rocky Mount, NC 27802
BANKRUPTCY SALE WITHOUT A BUYER’S PREMIUM. Farm and timber land just 15 miles north of Rocky Mount, NC. This 171.32-acre ± property has much to offer and could be subdivided by the next owner. The farmland consists of 27 acres± and currently in coastal Bermuda hay production. The planted and well-maintained timber stand was last harvested a little over 10 years ago. Many large hardwoods are located throughout the farm creating great food sources, bedding and cover for wild turkeys, whitetail deer and other native wildlife. There is an established road system through the fields and around the timber stand allowing easy access to sneak in and out of your blinds. The three existing poultry facilities are available to use as breeder or pullet houses, or you can convert them into spacious storage for farm equipment or personal items.
Open Public Inspections: 1 - 4 pm, Sunday, October 20
Property Location: 5116 Swift Creek School Road, Whitakers, NC 27891
Escrow. Buyer acknowledges receipt of the Joint Escrow Instructions that modifies the Contract for Sale to provide for a designated Escrow Agent to hold down payment funds. Buyer and Seller agree that the Escrow funds may be held in a trust/escrow account located outside of the state where the Property is located.
Buyer acknowledges receipt of Division of Water Resources (DWR) Compliance Inspection for Permit AWI640011, a lagoon located on the Property. Buyer shall contact the Division no later than ten (10) days following Closing to transfer the permit. Buyer acknowledges that current operations on the Property do not require the presence of a permitted lagoon but Buyer shall be responsible for any and all maintenance or other remediation required under DWR rules including but not limited to any costs related thereto. For more information, Buyer may contact DWR at 919-791-4206 or on its website at https://deq.nc.gov/permits-rules/permit-assistance-and-guidance.
Bidders may participate in the auction on site or online at AuctionNetwork.com
On site bidders should bring a government issued ID
All properties and or any improvements thereon are sold “AS IS, WHERE IS” with no financing, inspection or other contingencies to sale. Final acreage totals are contingent on a survey
No Buyer's Premium
Announcements on the day of the sale shall take precedence over any prior advertisements
Each high bidder will sign a contract and must make a non-refundable deposit of 10% of the total purchase price (may be subject to a minimum) immediately following auction - cash, cashier’s checks, personal checks and business checks (electronically processed) are accepted - the balance of the purchase price and all closing costs are due at closing within 30 days
The property is sold free and clear of all taxes and installments of assessments for prior years but taxes and installments of assessments for the current year on the basis of the actual assessment shall be apportioned as of the scheduled date for the closing of title
All information provided is derived from sources believed correct but is not guaranteed or warranted - Bidders shall rely entirely on their own information and judgment
Possession at closing, subject to tenant’s rights, if any
Only 10 minutes north of Highway 64
3 deep water wells on the farm
Large John Deere generator that runs all 3 chicken houses if power is lost. Installed in 2006
Great timber investment
Power throughout the farm
Deer and turkey sign throughout
Tillable farm rent income
Amazing production of coastal Bermuda hay
Property is very well surveyed and property lines are well marked
- Small Game
- Wild Turkey
- Pond (0-3 acres)
- Country Road
- Road Frontage
Tillable / Production Areas
- Pine Trees
- Grain Storage
- Internal Road System
- Wells / Pumps
- Metal Buildings
- Farming Improvements
Activities on Property
- ATV Riding
- Horseback Riding
- Family Activities
- Seller's Mineral Rights Convey
Real Estate Auction Terms and Conditions
- Terms Of Sale
Thank you for participating in this auction. Please familiarize yourself with the terms and conditions as all sales are final and irrevocable. The terms of sale are non-negotiable. Good luck and good bidding!
Registration at the auction (online and/or in person) finalizes each bidder's agreement to the terms and conditions of sale as stated in the Contract and its Addenda which are incorporated by reference into your bidding. Do not bid until you have read the terms and conditions. By bidding you are representing that you have read and agree to be bound by the terms and conditions for this sale as stated herein. DO NOT BID unless you have registered, received a Bidder's Card and Auction Day Notes, and have read and agreed to be bound by the terms of sale in the Contract as they are enforceable against you upon becoming a high bidder.
All properties are sold "AS IS, WHERE IS" with no financing, inspection or other contingencies to sale. We do not inspect properties on bidder's behalf. Read the Contract and Auction Day Notes to determine the existence of any disclosures, exclusions, representations and disclaimers. Do not bid if you have not inspected the property(s). By bidding you agree to all disclosures.
Buyers receive a deed and Title Insurance Policy as provided by the Closer indicated in the Contract (any mobile/manufactured housing not legally affixed to the property shall only be conveyed by a Hold Harmless Agreement or Quit Claim Bill of Sale unless otherwise noted in the Disclosures). Current year's taxes are pro-rated through day of closing as is customary.
The sale of this property may be subject to a Buyer's Premium, which will be added to the high bid and included in the total purchase price. Please see the Auction Day Notes, The Contract for Sale, and/or the Auctioneer for specifics about the property you wish to bid on.
Each high bidder must make a 10% ($5,000 minimum) non-refundable deposit immediately following auction. Cash, cashier's checks, personal checks and business checks (electronically processed) are accepted. The balance of the purchase price and all closing costs are due within 30 days.
Bidding starts at the nominal Opening Bid(s) indicated and is open to the public. The Auctioneer reserves the right to group, add to, delete, withdraw, consolidate or break down lots and/or quantities offered, to sell out of scheduled sequence, to reject any bid which is only a fraction advance over the preceding bid, to regulate bidding, to accept or reject any or all bids, and to cancel or re-schedule an auction. The Auctioneer will call the sale and control any increments of bidding. To make a bid, raise your hand or Bid Card to be recognized. The bidding happens quickly. Absentee bids may be accepted at the discretion of the Auctioneer. The Auctioneer reserves the right to enter bids on behalf of absentee bidders. Any mistakes during bidding as to who has the high bid and/or at what price may be called to the Auctioneer's attention and corrected. The Auctioneer is the sole arbiter and controller of the conduct of the auction and shall be the final and absolute authority without liability to any party.
Your inspection of the property(ies) and attendance at this auction are at your own risk. Broker and Seller, their agents and employees, expressly disclaim any "invitee" relationship and shall not be liable to any person for damage to their person or property while in, on or about these properties, nor shall they be liable for any defects, dangers or conditions on the property(ies). All persons enter the property(ies) and attend the auction at their own risk and shall defend, indemnify, and save harmless Broker and Seller, their agents and employees, from any and all liability attendant thereto.
All auctions are subject to court or seller approval. Most sales are approved within 10 business days. Buyers are not allowed possession until Closing and filing of the deed, at which time the property should be re-keyed. If for any reason the court or Seller approval is not granted, the Down Payment shall be returned in its entirety to the high bidder. "Showing" requests from Buyers after the auction may not be able to be accommodated.
If more than one property is being auctioned, the Auctioneer may choose to offer a group of the properties for auction at the same time. This is called "BUYER'S CHOICE" and is to accommodate buyers who have an interest in more than one property and/or have 2nd and 3rd choices if they are out bid for a favorite property. Upon winning the bid, please choose which property, or properties, you want. You pay the high bid price for each property selected. Each sale is final and stands alone. Remaining properties are then offered in another round of bidding. Anyone may bid at any time, including prior High Bidders.
Ranch & Farms Auctions, LLC and the Seller expressly disclaim any liability for errors, omissions or changes regarding any information provided for these sales. Please read the Contract and Auction Day Notes for a full and complete understanding of any and all disclaimers. Bidders are strongly urged to rely solely upon their own inspections and opinions in preparing to purchase property and are expressly advised to not rely on any representations made by the Seller or their agents and employees. Property information may change without notice and potential purchasers should investigate all data fully before relying upon it.
Auction Network - TERMS & CONDITIONS OF SERVICE
- Broker Participation
Buyers Agents who register a winning bidder at this auction may receive a Buyer Broker Participation Fee. Please call for more details.
Greg Lutz, Managing Director, Williams & Williams, 785.286.2518
Joe Gizdic, Managing Director, Whitetail Properties Real Estate, LLC, 217.299.0332
- Auction Type
IN COOPERATION WITH WHITETAIL PROPERTIES AND WILLIAMS & WILLIAMS AUCTIONS
Williams & Williams Marketing Services, Inc. RE C6474
North Carolina Broker - Jerry E King; RE Lic 22778
Williams & Williams Mrktg Srvcs, Inc. Auc Lic 7725
Auctioneer: Jerry E. King; Auc Lic 1010
Whitetail Properties Real Estate LLC RE C27298
North Carolina Broker - Charles Camp; Broker RE Lic 190890
Scott Hicks, Land Specialist, Whitetail Properties Real Estate, LLC, 919.610.4796
- Disclosures, Title Commitment And Other Documents
Click Here to view disclosures, title commitment and other documents on Williams & Williams
Also Auctioning: 41+/- Acres in 3 parcels in Rocky Mount, NC. Click here for details.