If you are searching to purchase a house, a great possibility is waiting for you at a next real estate auction for Kinston, North Carolina. A U.S. Treasury real estate sale is including the house at 1200 West Lenoir, Kinston, NC. Starting at just $10,000, the auction on Friday, January 31, 2025 gives an opportunity to buy a roomy single-family house. We will explore all the pertinent information in this post concerning this property, the auction process, and bidding techniques.
Property Details: 1200 West Lenoir, Kinston, NC
Home Overview
With a 2,648 square foot single-family plan, the house at 1200 West Lenoir, Kinston, NC is rather roomy. It covers the following:
- The 2,648 square foot living area offers enough of space for a family or for someone wishing to make a bigger investment in a more expansive property.
- For most families or as a rental property, the house’s two bedrooms and two.1 bathrooms fit rather comfortably.
- Living Room: Perfect for cooler months and a wonderful location to get together with friends and family, this is a cosy living room with fireplace.
- The house also features a separate dining room for meals and an office area for home study or working.
- The second-story flex room on floor can be utilized for storage, extra bedroom, or playroom among other things.
- Porches: Perfect for leisure or guest entertainment, the house has covered front and rear porches.
With a 28,314 square foot lot, the property offers enough outside area for parking, gardening, or future development.
Utilities and Taxes
The property is connected to basic utilities like sewer, gas, water, and electricity. Regarding taxes, the county taxes on this land in 2024 come out to be almost $861. It’s important to keep in mind that, like all properties, these taxes are subject to change each year. Built in 1950, the house has some age but also potential and character.
Zoning and Title Information
The property is zoned RA6/Residential, hence it is meant for usage in homes. The buyer will get the clear title from the auction by way of a government deed. This guarantees that the property will be legally owned by the new owner free from any outstanding claims or legal problems.
Auction Details
- Friday, January 31, 2025 from 11:00 am to 1:15 pm ET marks the auction dates.
- Starting bid for the auction is $10,000, a reasonable pricing for a house this size and location would demand.
- Every new bid must be at least $500 greater than the last one since the bid increments are $500.
Important Auction Process Information
Inspection Dates and Appointments
Examining the property to evaluate its condition is absolutely vital before you bid. From 10:00 am to 12:00 pm the inspection is set for Saturday and Sunday, January 25 and 26, 2025. The inspection is scheduled just for appointments, hence you will have to reserve time to tour the property. You can schedule your visit on either January 25 or January 26.
Bid Deposit Requirement
You have to deposit $4,000 to take part in the auction. This deposit must be paid as a cashier’s check payable to CWS Marketing Group. The deposit guarantees that the auction consists of only serious bidders. The deposit has to be received by 5:00 pm ET by January 30, 2025.
It should be mentioned that the deposit will let you bid on all four auction houses. Should you win or be a backup bidder, your deposit will be credited to your purchase price either in whole or proportionately depending on whether you purchase several houses.
Terms of Sale
Sales of this property “as-is”. This implies that the buyer is liable for any repairs or problems with the property following acquisition; warranties or guarantees on the state of the house are not given. Examining the property throughout the planned inspection periods helps you to know what you might be getting into. Along with all flaws, the auction sale covers any building infractions that might apply to the property.
Why You Should Consider This Auction
There are various valid reasons why taking part in this auction could be the wise choice you make:
- Affordable Starting Price: Given first-time buyers or investors searching for a less-cost house, this property is a terrific offer starting bid of $10,000 makes.
- The house is being sold “as-is,” hence refurbishment gives a great chance. If you appreciate renovating ancient homes, this property might be a decent return on investment.
- With more than 2,600 square feet of living area and a sizable lot size, this house provides enough of space for family living, generating extra rental properties or perhaps resale following refurbishment.
- Location: The property is situated in Kinston, North Carolina, a little town with a reputation for peace and tranquilly. Families, retirees, or anyone seeking a slower pace of life will find this to be a sought-after site.
This real estate auction for the house at 1200 West Lenoir, Kinston, NC is an excellent chance if you want to purchase a reasonably priced house. You may make a wise choice starting at just $10,000 and having the opportunity to view the property before bidding.
Make sure you send in your money and arrange ahead of time an inspection. This auction is worth looking at whether your search is for a new house or a property for investment and remodeling.
You Must Visit :- Schott Auction Gallery