Developer Close-Out Auction: South Main Street - 17 NEW Condominiums

706-832 Cotton Gin Alley, The Condos in South Main Square, Davidson, NC

 

Auction Date: Saturday, April 18th, 2009 at 11am. Registration starts at 10am.

 

Auction Conducted at: Campania Café, 416 S. Main Street, Davidson, NC

 

Property Address: The Condos in South Main Square, 706-832 Cotton Gin Alley, Davidson, NC

 

Property Highlights:

  • Developer Close-Out Auction

  • 17 NEW Residential Condominiums

 

Property Overview: Location LOCATION Location! New Construction in the Davidson Main Street Arts District! New Mixed-Use project, South Main Street Condos... Residential over ground floor retail/office. Excellent for residents that want easy access to Highway 115, Main Street, Davidson College and other affluent areas. There's an easy walkability to living here, with town hall, the Belk Visual Arts Center and beautiful Davidson College right up the block. In a best-of-both-worlds way, Charlotte is just 20 miles to the south on I-77 and Lake Norman is practically right in the backyard

 

Open House:
Every Saturday and Sunday from 1-5pm Beginning March 21, or by appointment.

Directions:

Location Map (google maps)

 

 

Bank Financing Available to Qualified Owner-Occupants and Investors:

Financing is available to both
qualified owner-occupants and investors.
Contact Suzanne Blackwell of Peoples Bank at
704.483.3050 or 704.746.5676
or email sblackwell@peoplesbanknc.com

to prequalify.

 

 

Photos:

Click on Image To Enlarge:


Call for disclosure information & bidding instructions.

Sperry Van Ness/INTERSTATE AUCTION COMPANY

404-303-1232


 

Terms and Conditions / Bidder Affidavit

Auction Purchase and Sale Agreement

Broker Registration Form 

Auction Brochure

Condominium Specifications
Floorplan Layout
Floorplan: Flat R-3
Floorplan: Flat R-5
Floorplan: Townhome R-4
Site Plan
Unit Improvements Chart + Rank Chart

Location Map (google maps)

How to Bid & Buy at the Auction
Public Offering Statement
Peoples Bank Loan Application Docs

All property disclosure documents may not be available at this time. Be sure to check back as auction documentation is added frequently.

Terms:

SALE SITE, DATE & LOCATION: All Properties Will Sell Onsite. Auction Conducted At: Campania Cafe located at 416 South Main Street in Davidson, NC, adjacent to the condos.

AGENT FOR THE SELLER: Sperry Van Ness®/Interstate Auction® Company (Auctioneer) are acting as exclusive agents for the Sellers.

REAL ESTATE TERMS: Purchasers must make a $5,000 down payment and close within 30 days of the auction. Purchaser arranges and pays for closing. All properties will be sold with clear title and no liens. Taxes and HOA fees, if applicable, will be prorated at closing.

BUYER'S PREMIUM: A 10% Buyer's Premium will be added to the high bid price on each property to arrive at the contract price.

GENERAL TERMS OF AUCTION: Announcements made sale day take precedence over all other written matter. Conduct of the auction and increments of the sale shall be at the sole discretion of the auctioneer.

ADDITIONAL INFORMATION: Check our website: www.InterstateAuction.com for a copy of the Auction Purchase and Sale Agreement, Bidder's Affidavit, additional terms, and other important information.

BROKER PARTICIPATION: Broker participation is welcome based on the following terms: A 2% (two percent) commission based on the high bid on any property before adding buyer's premium will be paid to any qualified licensed North Carolina Real Estate Broker whose prospect is the successful bidder at the auction and closes on the property. To qualify for the commission the Broker must register by mail, fax, or hand delivery the prospect's name and address on the broker registration form available at www.InterstateAuction.com. The registration form must be signed by the prospect and the Broker, and must include the Broker's real estate license number. It must be received at the office of Sperry Van Ness®, 19901 W. Catawba Avenue, Suite 102, Cornelius, NC 2803, Phone: 704-892-6923; FAX: 704-892-7392 before any inspection of the property by the prospect, no later than 5:00 PM on the last business day preceding the auction. Broker registration must be confirmed by Auctioneer to be valid. UNDER NO CIRCUMSTANCES WILL BROKER REGISTRATION BE ALLOWED ON THE DAY OF THE AUCTION. In addition, to qualify for a commission, the Broker must also attend the auction and sign the Auction Real Estate Sales Agreement if their client is the winning bidder. Commissions to be paid only upon closing. A commission on a property will be paid only to the first broker registering a prospect. A Broker cannot act as a principal and a broker on the same transaction. See website for complete details.

DISCLAIMER: Auctioneer reserves the right to deny any person admittance to the auction. Auctioneer may refuse admittance to or expel anyone from the auction premises for any interference with auction activities, or any act or action which might be considered detrimental to the auction by the Auctioneer. All information was obtained from sources deemed reliable, however, Sperry Van Ness®/Interstate Auction® Company, auctioneers, sale managers and all their agents, Sellers and all of their agents, will not be responsible for any errors or omissions herein. Oral representations cannot be relied upon as correct. However, announcements made on auction days take precedence over all written matter. Offer void where prohibited by law. The auctioneers shall not be responsible or liable in any way whatsoever if any Seller fails to honor any bid or refuses to close on any contract which may result from this auction. Seller reserves the right to add or delete properties, to postpone or cancel the auction in whole or part, and to modify or add any terms and conditions either prior to or at the auction. Persons buying in the name of trusts, partnerships, corporations or with a power of attorney must have the authorizing documents examined and approved prior to the auction by a representative of the Seller. Information contained herein is believed to be accurate but is not guaranteed. Please check our website for additional information.


Please see additional Terms & Conditions, Auction Purchase & Sale Contract and Addendum documents listed above.

 

Please check back frequently for changes.

Any and all information contained on the site is subject to changes and corrections, and that it is the prospective purchaser's responsibility to verify that he/she has the most current information.

Interstate Auction Home

 

Interstate Auction® Company is a national auction affiliate of:

 

INTERSTATE AUCTION® COMPANY, 1100 Johnson Ferry Road, Suite 588, Atlanta 30342 GAL#1966, NC#5642 , 404-303-1232  Fax: 404-303-7997

 email:  interstate@interstateauction.com