Past Auction Details - Carolina Auction & Realty

Past Auction Details

Residential Real Estate Online Auction

6428 Penny Road, Raleigh,  NC 27606
Auction Description

Highly desirable location with no city taxes! Home is located at 6428 Penny Road in Raleigh, NC, only minutes from NC State, downtown Raleigh and Cary. All brick one story home located on a secluded 2.01 acre wooded lot is ~2,070 heated square feet; includes a full unfinished 975 SF basement, 2 car garage and 24’ x 30’ outbuilding workshop. Home has 3 bedrooms, 2.5 baths, large open kitchen/dining area, living room, dining room, family room and screened in porch. Fireplaces are in the family room and basement. Central heat and air with central vac system. This home is adjacent to Belle Meade Estates and Wake County conservation area near Lake Wheeler. Tax assessed value of home is $361,098 and does not include the value of the separate storage building. Minimum opening bid is $200,000. Shown by appointment only.

Auction Documents

Broker Participation Form


Tax Card

Auction Videos
Terms & Conditions
1.Real estate property located at 6428 Penny Road Raleigh,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  email by 5PM EST day after the auction. A $10,000.00.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 45 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.. Closing within 45 days.

9. 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”