Are you trying to find a reasonably priced house in Kinston, North Carolina?There is a great opportunity at a single-family house on 508 Rhem Street, Kinston, NC at real estate auction. This property is auction Friday, January 31, 2025, starting bid merely $10,000. This could be your chance if you have ever desired to invest in real estate at less expense or own a house. We will walk you through all the pertinent information in this post about the property, the auction procedure, and how you could participate.
Property Overview: 508 Rhem Street, Kinston, NC
Home Features
TA small family or someone wishing to invest in a house might find the 1,279 square foot house available at 508 Rhem Street ideal. You should anticipate:
- Living Space: The house is easy to maintain and includes 1,279 square feet of living space appropriate for your everyday needs.
- For a family or anyone else who requires additional rooms for visitors or business, this is a fantastic choice given its three bedrooms and one bathroom.
- Living area and Dining Room: Separate dining area for meals; a cozy living room for leisure.
- Kitchen and Office: Dedicated office area for working from home or studying; a kitchen for cooking.
- Laundry Area: The house has a laundry room thus you won’t have to visit a laundromat.
- Perfect for savoring the outdoors or unwinding after a demanding day is a covered front porch.
Situated on a 6,098 square foot lot as well, this house offers room for a garden, outdoor sports, or more parking.
Utilities and Taxes
The property boasts the basic conveniences including sewer, gas, water, and electricity. The rather reasonable 2024 county taxes on this home are $336. Though it has some age since the house was constructed in 1923, someone wishing to renovate it could still find great promise.
Zoning and Title Information
The house is zoned RA8/Residential, meaning it is legally set aside for household use. The property will be sold on a clean title, hence legal claims or ownership problems are not present. A Government Deed will be used to transfer the title, therefore guaranteeing complete and legal ownership of the house for the buyer.
Auction Details
Date and Time of Auction
Friday, January 31, 2025, from 11:00 am to 1:30 pm ET, will be the 508 Rhem Street auction day. Bidding on the house and maybe owning it at a far lower cost than market value offers a fantastic opportunity. With the house beginning bid of $10,000, first-time buyers or investors searching for a good price will find this to be an amazing possibility.
Bid Deposit and Participation
You have to pay a $4,000 deposit to be on the auction. This deposit is needed in the form of a CWS Marketing Group cashier’s check made payable to Only serious bidders may participate; the deposit is due by January 30, 2025, at 5:00 pm ET.
This deposit will let you bid on all four of the auctioned homes. Should you land the bid on one of the properties, the deposit will be credited to your ultimate purchase total. Should you want to buy several homes, the deposit will be divided commensually among your purchases.
Auction Bidding
Beginning at $10,000, the bidding for this acreage will climb $500 increments. Every new bid must thus be at least $500 more than the last one. To buy the property at the best price during the auction, one must be ready and move fast.
Property Condition and Terms of Sale
Sold “As-Is”
Selling “as-is,” the house at 508 Rhem Street is being sold in its present state free any assurances or repairs. The buyer will have to deal with any flaws or repairs needed on the property. This covers all building infractions for the property, including fines or penalties.
Before making an offer, it is extremely advisable to visit the property to have a comprehensive sense of its condition. Appointed just, you can set a Saturday, January 25, 2025 inspection between 10:00 am and 12:00 pm. Alternately, for Sunday, January 26, 2025.
Clear Title Transfer
The property will be passed with a clean title once the auction ends. The buyer won thus not have to worry about any legal conflicts over ownership. A Government Deed will be used for the transfer, therefore guaranteeing the buyer complete rights to the property.
Why You Should Consider This Auction
This auction could be the ideal chance for you for several different reasons.
- For everyone wishing to purchase in Kinston, North Carolina, this house is a terrific value at just $10,000.
- If you are an investor, this could be a great opportunity to buy a low-price house and remodel it for rental or resale income.
- Spacious Living: This house provides a lot of room for a family or as investment property with three bedrooms and extra areas for business and recreation.
- The house is sold as-is, so you can use your talents to renovate and improve it, so increasing its value.
- Living or investing in Kinston, NC, a calm, peaceful town with a friendly community will be fantastic.
The 508 Rhem Street, Kinston, NC auction presents an interesting opportunity to get a house at a reasonable price. Starting for about $10,000, this house can be ideal for a family, first-time buyer, or investor seeking a project. Before the date to participate in the auction, make sure you check the property and provide your bid deposit. Don’t pass up this chance!
You Must Visit :- Schott Auction Gallery