ONLINE AUCTION ONLY 

Bid Online ANYTIME after 8:00 AM 8/13/24 

Auction Begins Closing 8:00 PM 9/10/24 

This beautiful property checks all of the boxes! Featuring a new survey, a detailed soil report, a new driveway culvert with gravel, and a recently cleared homesite! This property is ready for you to build your dream home or to park funds into a safe and sound investment property. This property is located on Peachtree Hills Road, just outside of Spring Hope. From the property you are only a short 20 minute drive to Zebulon. The property was recently surveyed. The plat is very detailed, recorded with the county, and is available upon request. A soil report was conducted earlier in the year and it shows there are several places where a conventional system can be placed. Along those areas of where the suitable soils were found, a homesite was recently cleared. Additionally, a driveway was professionally installed and graveled.   

While this property is an ideal homesite with acreage, it's also a fantastic hunting and recreational property with timber and investment potential. The price of land in this area of Nash County is trending upwards as land in the Wake and Franklin County area becomes more populated. If you're searching for a place to either build, hunt, or have for investment and expand your portfolio, you need to check out this property. There is also a creek on the property. There is a newly cleared access path to this area of the property as well. While totaling 20 acres, this property is easy to maintain. Also, the timber is a mixture of hardwoods and pines with younger pines being in a dense stand along the back portion of the property.    

The property features 775 +/- feet of road frontage and the elevation varies throughout. At the road, the elevation is right at 220 feet. Towards the middle of the property the elevation changes to 210 feet and then at the very rear of the property the elevation is at 220 feet. A creek cuts through the middle of the property where the elevation is the lowest. However, none of the property is encompassed in the 100 or the 500 year FEMA floodplain.  

- 17 miles to Zebulon 

- 24 miles to Nashville 

- 40 miles to Raleigh 

Features: 

-Newly Conducted and Recorded Survey  

-Recently Conducted Soil Evaluation  

-Newly Cleared Homesite and Road/Trail System to the Creek  

Address: 02 Peachtree Hills Road, Spring Hope, NC 27882 

GPS: 35.97397, -78.12925 

PIN# 2850-00-69-5204U  

Real Estate Taxes: $  

Township: Spring Hope 

Schools: Nash County 

Directions:  From Spring Hope, travel on N. Pine Street then turn onto Peachtree Hills Road. Travel until you pass Savage Road on the right, and continue roughly one half mile until the property is on your right.  

Link to Directions 

Link to Interactive Map

Link to Bidder Package 

Previews of the property can be made available upon request.  Please contact Billy McOwen at 252-305-6720 to schedule a showing or get any additional information about this property or the auction process. 

Phone bidding available. (Call Principal Broker to register) 

Acceptance of auction terms is required prior to bidding. 

Contact Principal Broker - Billy McOwen anytime at 252-305-6720 or bmcowen@mossyoakproperties.com 

TERMS AND CONDITIONS

You hereby accept these Terms and Conditions to participate in this ONLINE AUCTION for real estate located at: 

20 acres off of Peachtree Hills Road, Spring Hope, NC 27882. Nash County, NC. Lot 11 BK 45 PG 43. PIN 286100007953U 

Bidder agrees to abide by these Terms and Conditions of the online auction. This auction has an undisclosed reserve price. If the highest bids meet or exceed the reserve price, the highest bidder/s will be legally required to execute the real estate purchase agreement for each tract of land identified in the particular Auction. The real estate purchase agreement is available for review prior to bidding on the "documents" page. No revisions to the real estate purchase agreement will be permitted and Bidder hereby accepts the terms and conditions of the real estate purchase agreement. Furthermore, by bidding at this auction, Bidder/s agree and confirms that Bidder/s understand and agree to all of the following: 

The Auction Firm and Broker, William “Billy” McOwen, represent the Sellers only.  Neither the Auction Firm nor the Broker have an ownership interest in this tract of land or other real property being auctioned. 

All bids remain legally binding on Bidder/s for 24 hours after the auction's conclusion and Auctioneer shall give notice to Bidder/s of their winning bid. Bidder/s agree that the bid amount will be published for others to see and authorize such publication. 

This auction begins to close on September 10^th, 2024 at 8 PM, however, bidding will remain open on this property so long as new bids are being received by the Auctioneer.  Each new bid shall keep the auction active for an additional 5 minutes. Once five (5) minutes have passed without receiving a new higher bid, the auction shall be closed permanently. Auctioneer reserves the right to shorten or lengthen the time between bids that keep the auction active. This soft close ensures fairness and allows the highest bidder to win. 

You are NOT bidding by the acre. You are bidding to pay a lump sum dollar amount for the advertised parcel. 

All bidders will be subject to a $1.00 (One Dollar) Identity Verification Charge. The Identity Verification Charge will not go towards the purchase of the property, and it is not a deposit. It is a hold that allows us to confirm that you are a legitimate bidder and not a robot. Once the authorization is approved, this charge will appear

as a $1.00 (One Dollar) hold on your credit card. Auctioneer does not have access to your credit or debit card information or any account numbers. The verification described above is performed by Square™. 

If your bid is the highest and your offer is accepted, you are legally obligated to buy the Property, and you agree to pay the total purchase price, in addition to a 10% buyer’s premium, as well as, all buyer fees charged by the closing attorney to close the transaction.  

The successful winning Bidder/s at auction will be required to complete the related purchase agreement and tender a non-refundable deposit (“deposit”) in the amount of 10% of the final purchase price by electronic transfer or other method specified by the Auctioneer within twenty-four (24) hours of receiving notice that Bidder/s have made the winning bid. Failure to execute the purchase agreement or failure to tender the deposit, within twenty-four (24) hours of the winning bid, shall constitute a material default and breach of this Agreement. Bidder/s agree that such default shall grant Auctioneer and Seller the right to seek the deposit from Bidder/s, as well as, a termination fee of six percent (6%) of the Bidder/s winning bid, the costs associated with the auction, and attorneys’ fees.  In addition, Seller and Auctioneer reserve the right to pursue any other damages allowable by law.   

The Property sells in its AS-IS condition. Sellers will not make any repairs or give any concessions for repairs or remedies to any defects discovered. Each Bidder or Buyer is responsible for conducting his or her own due diligence on the Property before bidding. 

Any desired inspections of the Property must be completed prior to bidding at Bidder/s’ expense. The sale is not contingent upon a satisfactory inspection and once the bid is placed, Buyer/s acknowledge that they asked all questions and performed all investigations that they deemed important, necessary, and sufficient to discover conditions and issues at the property that would impact their decision to bid. 

The winning Bidder/s are welcome to finance their purchase; however, the sale of this property is not contingent upon the winning Bidder/s’ ability to secure financing. Bidders seeking financing should contact a lender for pre-qualification prior to bidding.  

Buyer assumes any and all responsibility for an appraisal gap. The amount bid will not be amended based on any appraisal or other condition of the Property. 

Closing and settlement shall occur on or before October 10^th, 2024 

The sellers will provide a General Warranty deed to the Property, unless otherwise stipulated in writing, prior to commencement of the Auction. 

McFarlane Law Office, PA will be conducting the closing.  

Bidder/s acknowledge that information on Lead-Based Paint and/or Lead-Based Paint Hazards, if applicable, a North Carolina Residential Property and Owners’ Association Disclosure Statement, if applicable, and a Mineral and Oil and Gas Rights Mandatory Disclosure Statement, if applicable, have been made available by Auction Firm for Bidder/s’ review prior to the start of the auction. Further, Bidder/s acknowledge that copies of the real estate purchase agreement, septic evaluations, soil maps, and other related documents, as well as, the title search are, if applicable, available for review prior to bidding and that Buyer/s had ample time to inspect the property prior to making their bid. 

Any Bidder must be at least 18 years of age to participate. 

In the event there are technical difficulties related to the server, software, internet or any other online auction-related technologies, auctioneer reserves the right to extend bidding, pause the bidding, continue the bidding, or close the bidding. Neither the company providing the software nor the auctioneer shall be held responsible for a missed bid or the failure of the software to function properly for any reason. 

Auction announcements or postings take precedence over anything previously stated or printed. 

Should Bidder/s fail to abide by these Terms and Conditions, Auctioneer and/or Sellers may commence proceedings to recover liquidated damages, actual damages, and seek all legal remedies available, including being awarded reasonable attorneys’ fees to enforce the terms of this Agreement. This Agreement shall be governed by the laws of the State of North Carolina.  Jurisdiction and venue for any claims arising from a breach of this Agreement shall lie solely in the Superior Court for Dare County, North Carolina. 

All bidders will be subject to a $1.00 (One Dollar) Identity Verification Charge. The Identity Verification Charge will not go towards the purchase of the property, and it is not a deposit. It is a hold that allows us to confirm that you are a legitimate bidder and not a robot. Once the authorization is approved, this charge will appear as a $1.00 (One Dollar) hold on your credit card. Auctioneer does not have access to your credit or debit card information or any account numbers. The verification described above is performed by Square™.

If your bid is the highest and your offer is accepted, you are legally obligated to buy the Property, and you agree to pay the total purchase price, in addition to a 10% buyer’s premium, as well as, all buyer fees charged by the closing attorney to close the transaction.

The successful winning Bidder/s at auction will be required to complete the related purchase agreement and tender a non-refundable deposit (“deposit”) in the amount of 10% of the final purchase price by electronic transfer or other method specified by the Auctioneer within twenty-four (24) hours of receiving notice that Bidder/s have made the winning bid. Failure to execute the purchase agreement or failure to tender the deposit, within twenty-four (24) hours of the winning bid, shall constitute a material default and breach of this Agreement. Bidder/s agree that such default shall grant Auctioneer and Seller the right to seek the deposit from Bidder/s, as well as, a termination fee of six percent (6%) of the Bidder/s winning bid, the costs associated with the auction, and attorneys’ fees.  In addition, Seller and Auctioneer reserve the right to pursue any other damages allowable by law.