Four single-family homes are up for sale at a Kinston, North Carolina, real estate auction. Should you want to buy a house, you can simultaneously bid on all of them by making a deposit. These houses are being sold exactly as they are; the auction is scheduled for January 31, 2025. The specifics of these properties—including what you need know about bidding, the deposit process, and the homes themselves—will be discussed in this page.
Overview of the Auction
Four Kinston, North Carolina residences will be auctioned by the U.S. Treasury. Among these properties, one at 1112 Harper Drive presents a special chance for bidding. Should you show interest in any of the houses, you will have to make a deposit to take part in the bidding process.
Details of the Properties
1112 Harper Drive, Kinston, NC
One of the homes up for auction is located at 1112 Harper Drive in Kinston. This single-family home is ideal for someone searching North Carolina’s peaceful areas for a house. Here are some salient features of the house:
- Size: The residence boasts a 1,087 square foot living space.
- The house has one bathroom and three bedrooms.
- Additional features of the house are a kitchen, living room, dining room, covered front porch, detached 1-car garage.
- Lot Size: The lot covers 15,246 square feet of site area.
- Utilities: The house enjoys access to sewer, gas, water, and electricity.
- Year Built: 1960 saw the building of the house.
- Residential (RA8) zoning is assigned to the property.
The house will be sold “as-is,” hence before bidding you should be aware of any violations or problems with it. Following the sale, the government will pass unambiguous title via a deed.
Bidding and Auction Information
- Friday, January 31, 2025 will be the auction date; it runs from 11:00 am to 1:00 pm ET.
- Starting bid for this house is $10,000.
- The bid increment is $500, hence you have to raise your bid by minimum $500.
Property Inspection and Appointment
One can view the estate before the auction. The inspection set for Saturday and Sunday, January 25 and 26, 2025 is between 1:00 and 3:00 pm. To visit the inspection, you have to schedule a prior appointment. You may schedule your inspection for either January 25 or January 26.
Deposit Requirements
You have to deposit money to bid on any one of the houses. This deposit guarantees only major bidders take part in the auction. The needed deposit is $4,000, which needs to be sent in as a cheque payable to CWS Marketing Group from a cashier. The deposit has to be gotten by January 30, 2025 at 5:00 p.m ET. You can bid concurrently on all four houses once the deposit is verified.
Notes on the Deposit
- The deposit will let you bid on any of the four properties.
- Should you be the successful bidder or a backup bidder, your deposit will be used toward the purchase of the house or homes you bid on. Should you land a bid for several properties, the deposit will be allocated in line.
Why Participate in This Auction?
This auction deserves thought for a number of reasons.
- Starting at just $10,000 for the house on Harper Drive, this auction offers a reasonable starting point for anyone hoping to buy local real estate.
- If you invest in real estate, buying a house at a government auction can be a wise approach to locate deals and expand your portfolio.
- Clear Title Transfer: The government will provide clear title to the successful bidder following the sale, therefore relieving you of any concerns regarding unresolved legal matters with the property.
- Though the houses are offered “as-is,” there is always room to raise the value of the property—especially if you are experienced in real estate flipping or house restoration.
Things to Keep in Mind
Although this auction presents many fantastic possibilities, there are a few key items to consider:
- The homes are being offered “as-is,” which means you are buying them in their present state independent of any flaws or violations the properties could have.
- Make sure you budget ahead since you have to turn in your deposit by January 30, 2025, to be qualified to bid.
- If you like to visit the property before bidding, make sure your appointment is booked on either January 25 or January 26 since the inspection dates only span two days.
This U.S. Treasury real estate auction could be a fantastic way for you to locate reasonably priced homes if you are looking for a house in Kinston, North Carolina. You can compete in bidding on all four properties by making a deposit.
Make sure you meet the deposit deadline to be qualified and remember to show up for the property inspection. Whether your search is for investment property or a new house, this auction presents an opportunity.exciting opportunity to buy a home at a starting price that could be well below market value.
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