Past Auction Details - Carolina Auction & Realty

Past Auction Details

On-line Auction for Home Under Construction in Beech Mountain, N.C.

107 Spruce Hollow Rd, Beech Mountain,  NC 28604
Auction Type

Online Auction

Auction Schedule
Auction Dates

Start Date: Dec 14, 2019

End Date: Jan 14, 2020

Auction Description

Imagine having your own tree top home with spectacular mountain views! Property is located at 107 Spruce Hollow Road in the mountain resort community of Beech Mountain. From the second floor you have stunning views of multiple mountain ranges in Tennessee and Virginia, located at an elevation of ~5,200 feet on a .44 acre sloping lot. Home has ~2,316 SF and was originally designed to be a 3 bedroom, 3 bath home, but can be easily adapted to whatever you desire! Current floor plan includes a garage, basement and two main levels. Each floor has 9’4” ceilings with the lower floor ideal for a den with fireplace, two bedrooms and two full baths. The upper floor could be utilized as the main living area, with a great room, kitchen/dining area, one bedroom and bath, and fireplace. This would maximize the view potential from the home, which has plans for several sliding glass doors, and 3’ and 4’ windows. The home was designed to have a combination of wood decks and covered porches. The home is solidly constructed with a concrete block foundation. The exterior is plywood with a weather sheath material over the plywood. The roof also has plywood and frost proof material that has sealed the roof. The shell is in good condition. City water and sewer. Owner will have option to join The Beech Mountain Club which is a private club for $1,645 a year. Club facilities include a golf course, clubhouses, cafe, tennis courts, heated swimming pool, clubhouse at Ski Beech, fitness center and other club activities.
Appraisal confirmed "in place as is" 150,000 for House and 75,000 for land for a total $225,000. See attached appraisal. Also see the attached City Inspection Report of condition as property as is at this time.
Will sell at $75,000 or any bid above that! 
Broker co-op 2%

Auction Documents

Appraisal Report

City Inspection Report

Auction Videos
Terms & Conditions

1.Real estate property located at 107 Spruce Hollow Rd Beech Mountain NC is being offered for sale AS IS WHERE IS, subject to all property lines, zoning restrictions, streets or roads, right-of-way, easements, accesses, ingresses and egresses to and from subject property as recorded in the county tax office, register of deeds and/or surveyors maps, and hereby being said property as described in seller?s deed.

2. Seller WILL NOT be required to make any changes, deletions, and/or additions to add to or take away from the value of the property.

3.Buying "as is"

4.A contract will be emailed following the auction to the winning bidder. The contract must be sign & returned via fax or email by 5PM EST day after the auction. A $5,000.00.deposit of the high bid will be required by check or wire day after auction, if doing wire there is a $25.00 fee added on. Balance due within 30 days upon delivery of deed.

5. In the event you are the highest bidder and your bid is accepted, it is your responsibility to know if you can or cannot obtain a loan if a loan is necessary. If you fail to complete the purchase of the property, you then FORFEIT the down payment. There are no contingencies. Buyer is guaranteed clear and marketable title or the TOTAL down payment shall be refunded.

6. Property taxes & rents for 2020 shall be prorated to the day of closing.

7. A buyer?s premium of ten percent (10%) shall be added to the successful bidder?s high bid and included in the total purchase price to be paid by the successful bidder.

8. Buyer understands that that they will need to get a new building permanent with 90 days after closing. Also you will have 1 year after closing to have the house finished.

9. Closing is on or before 1/14/20.

10. Deposit is $5,000.00

11. Any additional terms or conditions of sale, added by Auctioneer, shall be announced prior to auction and will take precedence over previously written material.

“North Carolina Auctioneer, Real Estate Broker & Certified Appraiser”