COUNTRY COURT APARTMENTS with 17.54 Acres

VIN/Serial

2286-65-9062-0000

VIN/Serial
2286-65-9062-0000

Condition	Category	Inventory ID
Used/See Description	Real Estate / Land Parcels	2286-65-9062-0000

Condition	Category
Used/See Description	Real Estate / Land Parcels
Inventory ID
2286-65-9062-0000

Up for auction is Country Court apartments located 10260 US HWY 421 Currie NC 28435. The County acquired the parcel on June 11,1982. The County was using this parcel for Rural Development Housing Program. The parcel consists of eight apartments on 17.54 acres. The apartments consist of 850 to 1000 square ft. to include three bedrooms, one bathroom, kitchen with granite counter top, stainless steel appliances, stackable washer and dryer, new central heat and air, all appliance are electric and spacious living room. Septic system repair required. The tax value for this parcel is $393,140.00 to include building and land values. Open House will be on 8/19, 8/26, 9/9 and 9/16 from the hours of 9:00 am to 12:00 PM. The County encourages all bidders to do their due diligence prior to submitting any bids. Winning bid is subject to seller approval. Pender County reserves the right to accept or decline any and all bids. In addition to the winning bid, the winning bidder will pay all closing costs including the seller’s representation fee of $400.

Additional Info: GIS DATA.pdf, DEED.pdf, Country Court EH Info.pdf

Questions and Answers

Q: can septic system be repaired any cost est been done (8/17/22 10:28 AM)
A: The County would like to refer you to new added attachment about septic tank. (8/18/22 7:42 AM)

Q: I would like to inspect properties. (8/17/22 3:52 PM)
A: The County will be conducting an open house event on the 19th of August, 26th of August, 9th of September and the16th of September from the hours of 9:00 AM to 12:00 PM. Please plan your site visits around those days and hours. (8/18/22 7:45 AM)

Q: What is the physical address of the property? (8/22/22 2:19 PM)
A: 10260 US HWY 421, Burgaw NC 28435 (8/24/22 2:46 PM)

Q: I would like to know about the septic Problems (8/23/22 7:35 PM)
A: Please refer to attachment pertaining to the septic tank. (8/29/22 11:48 AM)

Q: What type of septic system does the properties currently have? When do current tenant leases end? (8/28/22 8:47 AM)
A: The septic system is an anaerobic drip type. Upon the sale of the property all tenant's lease will have ended. (8/29/22 12:02 PM)

Q: Is the entire 17.54 acres zoned multifamily? What is the density allowed on the property? Any deed restrictions envisioned by the County to be placed on the property? What is the rent that the county charges for each unit? Is the project considered affordable and will the rents be capped? (8/28/22 10:48 PM)
A: Please refer to the attachments for use of the parcel and if any other questions about the possible use please contact Pender County Planning Department at 910-259-1202. Once the sale of the parcel has been completed the subsidy contract will end. The new owner is welcome to contact the Housing department to discuss getting the property on the section 8 voucher program once the sale is complete. (8/29/22 11:58 AM)

Q: Hi there! How many apartments are presently vacant? Does each apartment have its own septic tank or is the septic tank common to all apartments? Thanks (8/30/22 9:40 PM)
A: Six of the eight apartments are vacant and the other two will be vacant by the end of the September. And each apartment has a septic tank. (8/31/22 3:00 PM)

Q: I know you just answered this, but to be sure, does each apartment have it's own septic, or does each duplex have a septic. To be clear, are there 8 septic systems or 4? (9/1/22 1:43 PM)
A: Each apartment has it owns septic tank, so there is a total of 8 septic tanks. (9/1/22 1:48 PM)

Q: It says buyer will pay all closing costs including the seller's representation fee of $400. Besides this and the 7.5% buyer's premium, what other costs are there? (9/7/22 7:58 AM)
A: These are the cost the County is making the buyer aware of and who is reasonable for them. The closing cost, sellers representation fee, and buyers' premium are the additional fees associated with the sale. (9/7/22 8:55 AM)

Q: The ad states settlement must be made within 5 days of auction end. I understand the bid has to be approved by a council meeting. Then there are closing and title issues to be resolved. I realize the 5 days is probably just left on ad from prior uses, but I need some clarification please. (9/13/22 4:31 PM)
A: Please review new updated payment information. The next commissioners' meeting will be held on the 3rd of October. If any further information is needed please contact us. Thanks (9/14/22 8:03 AM)

Q: Which department is in charge of this sale? Can I get the contact information if available? (9/15/22 3:48 PM)
A: The finance office is conducting the sale. Please feel free to contact Andy Devane at 910-512-1270 if you have any questions. (9/15/22 4:15 PM)

Seller Information

Seller Name	Pender County - Real Estate, NC
Asset Location	805 S Walker St PO Box 1578 Burgaw, North Carolina 28425-5001 Map to this location

Inspection
At the seller’s discretion, inspection may be permitted. Inspection is by appointment only. To request inspection, please click the “Ask a question” hyperlink, if available. If you have additional questions, please visit the FAQs
Payment
Wire Transfer is the only payment option for this item. The Wire Transfer Transaction Summary page will provide payment and account information. The Wire Transfer must be completed within 5 days unless otherwise specified below. PAYMENT If you are the winning bidder, you will facilitate payment by referring to the My Bids section of your account. Note: 1. Payment is due no later than five days after the next commissioners’’ meeting. 2. Any invoice $5,000 or above requires payment via wire transfer. 3. Depending on your history with GovDeals, you may be limited to the number of auctions/transactions that you can participate in simultaneously AND/OR the dollar amount that you can pay via credit card, debit card or PayPal. For additional insight, please visit the Probation FAQ. SALES TAX When applicable, sales tax is calculated based upon the auction’s advertised location. If you are seeking sales tax exemption, you must complete Liquidity Services’ tax exemption form(s). We recommend doing this prior to the auction’s closure or before making payment. To do so, please visit Liquidity Services' Tax Exemption Submission Tool.
Removal
*SHIPPING IS NOT AVAILABLE* The buyer is responsible for all aspects of pick-up / removal, including but not limited to packing, loading, transportation and exporting. Note: Shipping is NOT available. Removal is by appointment only. All items must be picked-up / removed within 10 (ten) business days from auction closure, unless otherwise stated in the asset description. If any item(s) is not removed within the allotted timeframe, the item(s) may be declared abandoned. At the time of pick-up / removal, you will be required to present the seller with a copy of your Buyer’s Certificate and/or bill of sale, and potentially other documentation (e.g., copy of driver's license, Authorization of Release, etc). When making a removal appointment, please confirm with the seller what is needed to release the item(s).
Media
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Special Instructions
NOTICE: If you are the winning bidder and default by failing to adhere to this seller's terms and conditions, your account with Liquidity Services WILL BE LOCKED. Guaranty Waiver: All property is offered for sale “AS IS, WHERE IS.” (Seller) makes no warranty, guaranty or representation of any kind, expressed or implied, as to the merchantability or fitness for any purpose of the property offered for sale. Please note that upon removal of the property, all sales are final.

COUNTRY COURT APARTMENTS with 17.54 Acres
Auction Closed
High Bidder:	p**h
Sold Amount:	$655,000.00
Buyer's Premium (7.50%):	$49,125.00
Total Price:	$704,125.00
View Bid History
Terms and Conditions