COURTHOUSE FORECLOSURE SALE Union County Courthouse Lobby: 400 North Main Street Monroe, NC 28112
Tuesday, May 9 1:00 pm
3620 Highway 74 East
Wingate, NC 28174
Inspections
As this is a Courthouse Foreclosure Sale, there will be no exterior/interior inspections.
Please do not trespass or disrupt the current occupant of the building.
Brochure
Description
GOVERNMENT FORECLOSURE SALE to be held at Union County Courthouse Lobby:
400 North Main Street
Monroe, NC 28112
No additional upset bids were received by May 30; the property sold for $460,000.
<--!The auction was successful with a high bid of $435,000.
An upset bid of $460,000 was received. There will be another 10 upset bid period through May 29, 2023. The next increment to upset is $483,000. If there is an upset bid there will be another 10 day period for additional bids. -->
Absentee Bids due Friday, May 5th.
Former Children of Today Child Development Center
3,192 sq. ft. Building on 1.49 acres of Land
Parcel ID: 09054040A (Tax Statement)
Frontage: 70’ Hwy 74, 27,000 Cars/Day
Zoning: B-1
Property Class: 12-COM-Commercial-Restaurant
ASV: $550,200
2023 Taxes: $13,445.24 (Unpaid as of 2/14/23) The buyer will be responsible for the back taxes.
Utilities: Water, Electric, Sewer, Natural Gas
Building Year Built: 2016
Building Dimensions: 76’x42’
Interior Layout Consisting of: Lobby, Reception Area,
Office, 6 Classrooms, Kitchen, 5-Restrooms
Parking Lot: Asphalt with 34 Spaces 16,100 Sq. Ft.
Concrete Sidewalks/Curb, Landscaping, Chain Link Fencing Backyard 288 Sq. Ft.
Telephone, Security/Fire Alarm, HVAC: Central A/C, Forced Air Heat
Wingate, NC Population: 4,724 (up 13.8% since 2020)
Wingate is a SE suburb of Charlotte and is home to Wingate University with 3,400+ students on three campuses.
#1 Lowest Corporate Income Tax Rate in the US
#1 Best State for Businesses 3 Years Running
Top 10 State for Starting a New Business
Top 5 Fastest-Growing State in the US
Economic Partnership of North Carolina: link
Town of Wingate: link
Wingate Comprehensive Plan: link
Top Ten Reasons for Being in North Carolina: link
View Drone Video of the site:
Auction will be Conducted by the Court Appointed Commissioner; Absentee Bidding will be coordinated by Maas Companies Inc.
400 North Main Street
Monroe, NC 28112
SOLD!
No additional upset bids were received by May 30; the property sold for $460,000.
<--!The auction was successful with a high bid of $435,000.
An upset bid of $460,000 was received. There will be another 10 upset bid period through May 29, 2023. The next increment to upset is $483,000. If there is an upset bid there will be another 10 day period for additional bids. -->
Absentee Bids due Friday, May 5th.
Former Children of Today Child Development Center
3,192 sq. ft. Building on 1.49 acres of Land
Parcel ID: 09054040A (Tax Statement)
Frontage: 70’ Hwy 74, 27,000 Cars/Day
Zoning: B-1
Property Class: 12-COM-Commercial-Restaurant
ASV: $550,200
2023 Taxes: $13,445.24 (Unpaid as of 2/14/23) The buyer will be responsible for the back taxes.
Utilities: Water, Electric, Sewer, Natural Gas
Building Year Built: 2016
Building Dimensions: 76’x42’
Interior Layout Consisting of: Lobby, Reception Area,
Office, 6 Classrooms, Kitchen, 5-Restrooms
Parking Lot: Asphalt with 34 Spaces 16,100 Sq. Ft.
Concrete Sidewalks/Curb, Landscaping, Chain Link Fencing Backyard 288 Sq. Ft.
Telephone, Security/Fire Alarm, HVAC: Central A/C, Forced Air Heat
Wingate, NC Population: 4,724 (up 13.8% since 2020)
Wingate is a SE suburb of Charlotte and is home to Wingate University with 3,400+ students on three campuses.
#1 Lowest Corporate Income Tax Rate in the US
#1 Best State for Businesses 3 Years Running
Top 10 State for Starting a New Business
Top 5 Fastest-Growing State in the US
Economic Partnership of North Carolina: link
Town of Wingate: link
Wingate Comprehensive Plan: link
Top Ten Reasons for Being in North Carolina: link
View Drone Video of the site:
Auction will be Conducted by the Court Appointed Commissioner; Absentee Bidding will be coordinated by Maas Companies Inc.
Map
Broker Participation
Broker Participation is welcome but not required. A 2% commission will be paid to the licensed broker who, no later than May 8th, pre-registers (with Maas Companies) the bidder who pays for and settles for the real estate. A broker buying on his/her behalf, or on behalf of any business entity in which he/she holds an interest, is not entitled to a commission. Click here for the Bidder Registration Form.
Payment Information
5% deposit of certified funds is required to be paid to the commissioner of the sale; certified funds are payable to Hutchens Law Firm, LLP. The deposit will be applied towards the purchase price unless the bidder defaults, in which case the deposit will be forfeited. Closing within 30 days.
See also, Notice of Sale: link
See also, Notice of Sale: link
Full Terms
For complete terms of sale, see Amended Order Authorizing Foreclosure Sale filed with the Union County Clerk of Court at C/A No. 22 CVS2132: link
In all transactions, Auctioneer is acting as an Agent for the Seller. Buyers are urged to inspect items prior to purchase. Seller and Auctioneer are not responsible for items. All information received from reliable sources believed to be correct but not guaranteed by the Auction Company. Any announcement made/posted/published during the auction process takes precedence over any material published about this event. In the event of a dispute, Auctioneer has final decision.
Maas Companies Inc. #7822
In all transactions, Auctioneer is acting as an Agent for the Seller. Buyers are urged to inspect items prior to purchase. Seller and Auctioneer are not responsible for items. All information received from reliable sources believed to be correct but not guaranteed by the Auction Company. Any announcement made/posted/published during the auction process takes precedence over any material published about this event. In the event of a dispute, Auctioneer has final decision.
Maas Companies Inc. #7822