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You are bidding on the full price of the home and land.
Handyman Special in Wilson, NC. This stick built, home has A LOT of potential!
This is a rehab property! This property needs a rehab. 3 Bedroom and 1 bath built in 1940. Please do your own due diligence - and you will see that houses in the area are selling for tens of thousands more!! I have also been told that Rental’s in the area brining in upwards of $700/Month +++. Please see our photo of a neighbors home that has been rehabbed. Taxes are current. No liens on the property. You will receive title insurance. Tax Value is $55,110... You are bidding on the total price of the home and land.
Rehabbed home on same block
Comps in the area...
1
904 GOLD
SINGLE FAMILY RESIDENTIAL
0.21
1948
789
11/30/2009
$60,000.00
2
409 LEE
DUPLEX/TRIPLEX
0.23
1930
3,123
11/23/2009
$32,000.00
3
113 KINCAID
SINGLE FAMILY RESIDENTIAL
0.18
1930
1,425
11/05/2009
$79,000.00
4
309 HILL
SINGLE FAMILY RESIDENTIAL
0.35
2003
1,145
10/28/2009
$84,000.00
5
1101 GOLD
SINGLE FAMILY RESIDENTIAL
0.17
1925
1,668
10/26/2009
$30,000.00
6
111 ROUNTREE
SINGLE FAMILY RESIDENTIAL
0.22
1935
3,714
10/16/2009
$95,000.00
7
107 BRAGG
GARDEN APARTMENT
0.59
1915
2,133
09/29/2009
$65,000.00
8
1406 BRANCH
SINGLE FAMILY RESIDENTIAL
0.19
1950
1,189
09/18/2009
$111,500.00
9
212 GOLD
SINGLE FAMILY RESIDENTIAL
0.18
1938
1,424
09/03/2009
$16,500.00
10
105 LEE
SINGLE FAMILY RESIDENTIAL
0.14
1930
2,399
09/02/2009
$15,000.00
11 1002 LEE
SINGLE FAMILY RESIDENTIAL
0.22
1919
1,495
07/27/2009
$69,000.00
How Closing Occurs:
You will receive an email immediately after auction
You Need to send back the Name to be placed on the Deed
Address with a contact number
Closing will occur after all funds are Paid in full
A $1000 Deposit/Down Payment due within 24hours (PAYPAL or Wire Preferred)
The balance will be due at closing usually 7-10 day.
You will receive Title Insurance.
Closing will be conducted by a Closing Attorney
Your end of the closing will cost $497 (these are exact costs for a local attorney)
You will also be required to prepay your end of the 2010 taxes at closing roughly $600
You will receive a Warranty Deed
Serious bidders only!
Please do not bid if you do not intend to buy.
By bidding on this property, you are agreeing to all terms and conditions in this listing and have done any due diligence required to make an informed decision to bid.
This property is being sold as is, where is, with NO guarantees whatsoever. It is the responsibility of the buyer to do any and all inspections BEFORE BIDDING AND THE AUCTION ENDS!
Please be advised this home is posted that it needs work - I have never been inside the home so I don't know the extent of the work but after a rehab you could make BIG BUCKS!! SAVE BIG!!
Home is sold "as is, where is"
On Feb-20-10 at 12:03:25 PST, seller added the following information:
RESERVE HAS BEEN MET!!
This Property will sell well below tax value.
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