SELLING VIA ONLINE AUCTION, this classic Southern farmhouse with 15.6 acres and also a separate 4.96 acres of cleared residential land. These properties are being sold on behalf of the estate of the late Dorothy L. Cline. Properties are sold “as-is, where-is” and any personal property will convey with the real estate. This online-only auction ends 05/11/2023 at 6pm. Contact Auctioneer Zach Johnson at 828-408-1651 for more information or to schedule a private viewing. The property will be open to the public for preview on 4/29/23 from 10am to 12pm and 5/7/23 from 2pm to 4pm. Don't miss this chance to own this piece of rural paradise, BID YOUR PRICE today!
LOT #1 - Farmhouse and 15.6 acres +/-
Welcome to your country retreat! This picturesque farmhouse is nestled on 15.6 acres of pristine land, with 11 acres of that dedicated to productive farmland. Located at 202 Deitz Road just North of Statesville, NC, this two-story home offers a unique opportunity for those seeking a peaceful rural lifestyle.
The farmhouse boasts a charming 4 bed/1 bath design with 1,888 sq/ft of living space, making it perfect for a growing family or a peaceful retreat. From the covered porches to the hardwood floors, this house abounds with character. The 11 acres of dedicated farmland provide endless possibilities for agricultural pursuits, with plenty of space for crops, livestock, or hobby farming.
In addition to the farmhouse, multiple outbuildings on the property provide ample storage space or can be utilized as a workshop for hobbies or projects. The large 24’x48’ climate-controlled workshop has a wood stove installed and is also on a dedicated meter for electricity. The 24’x37’ carport has three parking spaces and the large storage shed features a 36’x24’ covering to allow protection for your equipment and implements.
Parcel PIN #: 4747371854
Iredell County Deed Book/Page: 11E/537
15.6 acres zoned RA (Residential/Agricultural)
LOT #2 - Three separate parcels totaling 4.96 acres +/-
Welcome to an incredible opportunity to own 4.96 acres of prime residential/agricultural land in a desirable location! This property consists of three tracts and is cleared. Property has previously been used for both residential and farm purposes. One barn still remains on the property. Parcels have all had structures in the past and multiple septic systems and wells are present.
The location of the property is ideal, with easy access to Statesville for amenities such as shopping, dining, and entertainment, while still offering the peace and quiet of a rural setting. Additionally, the property is close to Jennings Park, a popular local park that offers ball fields, play areas, and event shelters, providing recreational opportunities for the whole family.
Whether you are looking to build your dream home, start a farm, or invest in land for future development, this property offers endless possibilities.
Parcel PIN #: 4747378695, 4747471517 and 4747473405
Iredell County Deed Book/Page: 11E/537
Lots of 1.14 acres, 3.36 acres, .46 acres in size and zoned RA (Residential/Agricultural)
The Estate of the Late Dorothy L. Cline
202 Deitz Road and Other Acreage
Statesville, NC 28625
Cash or Conventional Loan Only
***Special Terms/Conditions:
Important - Read these Terms:
Please take the time to read the following set of terms and conditions for the online auction. When you register to bid, you will have to acknowledge that you have read these terms and conditions. If you intend to register, the following items will pertain to you.
Payment Terms:
A deposit of 5% (Five percent) of final high bid is required as an earnest money deposit in the form of a certified check or wire transfer. The earnest money deposit is a credit towards the purchase price only at closing and is due within 24 hours of the contract execution date with time being of the essence. The balance of the contract purchase price is due at closing, which shall be in thirty days to no more than forty-five days per contract or upon delivery of the deed. In the event the Seller cannot produce a deed with an insurable title, the earnest money deposit will be refunded to the Buyer. Closing will be as specified in the Auction Purchase Contract. Conventional financing is welcome however, the auction sales contract is not contingent on or subject to financing, appraisal, survey or inspections, or repairs of any kind, as agreed to by the Bidders and/or Buyers at registration and specified in the Auction Purchase Contract.
Buyer's Premium:
There will be a Ten Percent (10%) Buyer’s Premium added to the final bid price to determine the final contract purchase price. For example, a bid of $100,000 is a contract price of $110,000.
Acreage & Survey:
The auctioneer/broker does not have a current survey on file. Quoted acreage or lot size is taken from the subject property’s county GIS mapping system.
Agency:
The Swicegood Group, Inc. is acting as an agent of the Seller and at no time acting on behalf of the Buyer. By accepting these terms, you acknowledge you have reviewed the North Carolina Real Estate Commission's "Working with a Real Estate Broker" form and will sign if you are the winning bidder. (See form below)
Identity/Credit Verification:
To verify the identity of the cardholder and that the credit card used is valid, we require a $100.00 authorization hold to be placed on your credit card to complete your registration. This hold will be removed by your bank in a 24/48-hour timeframe (varies bank to bank). Bidding rights are provisional, and if complete verification is not possible, The Swicegood Group, Inc. will cancel your registration, and bidding activity will be terminated. The Seller and The Swicegood Group, Inc. reserve the right to refuse service to any person who they feel to be fraudulent.
Seller’s Closing Attorney:
TBD
Auction Ending:
Online auctions are timed events, and all bidding will begin to close at a specified time. Online auctions also have an auto-extend feature. Any bid placed in the final few minutes of the auction will automatically extend the auction minutes from the time the bid was placed. Example: If an auction is scheduled to close at 6:00 and we receive a bid at 5:59, the close time will automatically extend the bidding window. The auto-extend feature will continue all lots until the bidding has ended. If the auto-extend time needs to be increased or decreased, The Swicegood Group, Inc. may do so at any time during the auction until the close of bidding.
Outbid /Back-In Notification/Max Bid:
During this auction process, there is a chance that you will be outbid. If you have the bidding app, you will receive a popup notification, otherwise, you will receive an email. It is the responsibility of the bidder to realize and maintain their desired bidding position. You may place a maximum (max bid) which will allow the computer to protect you up to that amount. If you place a bid and immediately get a message that you have been outbid, that means someone has already placed a max bid and you will need to continue bidding until you are the high bidder to overcome the previously inputted max bid.
Property Information & Inspection:
The Swicegood Group, Inc. is not responsible for any missing or incorrect listing information. The Swicegood Group, Inc. has attempted to provide accurate descriptions; however, it is the Bidder's responsibility to conduct inspections to determine the condition and feasibility of the Bidder’s intended use. Descriptions that are provided by The Swicegood Group, Inc. are provided in good faith and are matters of opinion. It is automatically acknowledged by registering that you have personally inspected the property, hired an agent to inspect the property, or waived your right to inspect the property. Placing a bid creates a contractual agreement to purchase the property at the high bid price plus a Buyer’s Premium and any additional fees included in the closing of real estate.
Auctioneer's Discretion:
The Swicegood Group, Inc. has full discretion to modify the date and time, order, and details of the auction for any reason or no reason at all, including but not limited to technical issues, emergencies, and the convenience of The Swicegood Group, Inc., or the Seller. Auctioneer does not preclude the right of any employee, stockholder, or subcontractor the right to bid on any auction. Auctioneer reserves the right to bid on behalf of the seller unless the sale is an absolute auction per Uniform Commercial Code (UCC).
Server & Software Technical Issues:
In the event there are technical difficulties related to the server, software or any other online auction-related technologies, The Swicegood Group, Inc. and the Seller reserves the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software nor The Swicegood Group, Inc., or the Seller shall be held responsible for a missed bid or the failure of the software to function properly for any reason. The Swicegood Group, Inc. may send email notifications to registered Bidders with updated information as deemed necessary.
Auction Purchase Contract:
The contract is required to be fully and correctly executed, without any modifications within 24- hours of the close of the auction and/or Seller’s confirmation, with time being of the essence. A contract that is incomplete, incorrect, or modified in any respect, is in default. Seller reserves the right to contract with any other bidder should the winning bidder be in default. By bidding on the property, the Buyer agrees to all terms and conditions set forth.
Closing:
Closing will occur within 30 to no more than 45 days per contract.
Closing Costs:
Buyer’s closing costs can include new boundary survey (if necessary), title search fees, title insurance premiums, recording fee of documents, Buyer’s prorated items, and any other fees required for closing. Seller’s closing costs are limited to their portion of the prorated tax/HOA, revenue stamps, and the cost of deed preparation. All parties will be responsible to pay their own closing costs.
Property Condition:
All property in this auction is selling “AS-IS, WHERE IS” with all faults if any. The Swicegood Group, 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. All due diligence periods end the date the auction is scheduled to end, and prior to the end of the auction. It is possible that the property being sold is subject to restrictive covenants and homeowner’s association rules, regulations, and dues. 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 because of he/she not conducting their own inspection prior to placing a bid or doing due diligence. 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.
Legal Interpretations:
The laws of the State of North Carolina shall interpret this document.
Disputes:
All causes of action resulting from this auction shall be heard in the General Court of Justice of Davie County, North Carolina as the sole and exclusive venue for North Carolina properties.
Auction Bidder and/or Buyer Default:
The successful Bidder/Buyer whose bid is confirmed and who does not execute and return the contract with the earnest money deposit within 24 hours of the conclusion of the auction and/ or Seller’s confirmation notice, will be considered in default and will be black-flagged in our database as a Non-Paying Bidder and will no longer be allowed to participate in our auctions and the Seller has the right to exercise all legal remedies for such breach of contract. The Swicegood Group, Inc. reserves the right to sell to the next highest qualified Bidder. By registering and placing a bid, you agree that if you become a Bidder in default as specified above, The Swicegood Group, Inc. has the right to charge your credit card a penalty of up to one- half of the required earnest money deposit.
Auction Cancellation – Bid Rejection:
The Swicegood Group, Inc. reserves the right to reject all bids for any reason. The Seller and/or The Swicegood Group, Inc. as Seller's representative reserves the right to cancel this auction or remove any item or lot from this auction prior to the close of bidding even if a bid has been placed, unless the auction is advertised Without Reserve or Absolute.
Deed:
Seller will provide a General Warranty Deed or Special Warranty Deed that is insurable and/or free from any defects. If Seller is unable to do so, Buyer is entitled to a full refund of deposit and may cancel the contract with no penalty.
Possession:
Possession delivered at closing.
Real Estate Taxes and Closing Cost:
Taxes will be prorated to the day of closing using the most current available year’s tax amount. HOA fees and assessments, if applicable, will be prorated up to the date of closing. The Buyer will pay as elected, other closing costs associated with their side of the sale such as title search, title insurance, including local and state recording fees.
Easements & Zoning:
Subject to all easements recorded or unrecorded.
Acreage & Aerial Photos:
Parcel dimensions and acreages are based on legal descriptions. Aerial photos are for illustration purposes only and not surveyed boundary lines.
Bidder Responsibilities:
Bidder responsibilities include but are not limited to the following: Bidders agree to keep their username and password confidential, as they are responsible for ALL activity involving their account. When using the website, you must obey all local, state, and federal laws. Violations will result in the termination of website use privileges. The Swicegood Group, Inc. gathers aggregate information from the website, which may include but is not limited to, the number of page visitors, most visited pages, and all correspondence. Bidder agrees that the email address provided may be used for correspondence during the auction and possibly future auction announcements.
Guarantee Agreement:
By submitting a bid in the name of a business entity or corporation, the individual submitting the bid enters into a guaranty agreement whereby he or she personally guarantees payment in full. Bidder must be authorized by business or corporation to sign sales contract.
Age Requirement:
All Bidders must be eighteen (18) years of age or older.
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