NCDOT 2024 Residue Properties Round 1!

NCDOT has once again enlisted Johnson Properties to assist in their Residue Property Auction 2024. This will be an online only auction!  This first round will consist of all of division 2. These counties include Beaufort, Carteret, Craven and Pitt. The auction is subject to a 10 day upset period that will come into play after initial bidding has ended.  During the upset period each bid must be raised by a minimum of 5%.

Auction ending: Thursday, May 2nd at 10:00am

10 Day Upset Period begins: Friday, May 3rd. A 5% minimum increase required.

10 Day Upset Period ending: Wednesday, May 15th at 12pm

Please note information on this chart is subject to change.

Team JP is selling for The North Carolina Department of Transportation “residue” properties in a series of online auction events.

1. There is an 11% Buyers Premium upon the high bid price for this auction and a 11% Earnest Money Deposit required on Auction Day and the balance is due at closing. Earnest money deposit cannot be paid with a credit card.

2. The sale of the subject property has a single 10 day upset bid period and must be approved by the Board of Transportation and, when necessary, by the Council of State, and these approvals may delay by several months the sale and delivery of the Quitclaim Deed conveying the property.

3. The property will be transferred via Quitclaim Deed and the Buyer is responsible for all recording fees associated with the recording of the executed Quitclaim Deed; the Closing will be handled at the respective County Register of Deeds office.

4. All final payment funds will be made out to NCDOT via a certified or cashier's check, payable at the time of closing and recording of the Quitclaim Deed at the respective County Register of Deeds office.

5. Buyer has physically reviewed the property and is aware of any access or control of access.

6. The sale of the subject property must be approved by the Board of Transportation and, when necessary, by the Council of State, and these approvals may delay by several months the sale and delivery of the Quitclaim Deed conveying the property.

7. Johnson Properties Realtors & Auctioneers, Inc. makes no representations or warranties, expressed or implied, concerning the property. Descriptions of the property are believed to be correct, but are not guaranteed. It is the Buyer’s responsibility to conduct any inspection prior to the auction. Johnson Properties Realtors and Auctioneers, Inc. has attempted to find or locate all information deemed material facts. Ultimately, it is the Buyer’s responsibility to inspect all aspects of the property before placing a bid. No sale shall be invalidated by the Buyer as a result of he/she not conducting their own inspection prior to bidding. It is automatically acknowledged by placing a bid that you have personally inspected the property, hired an agent to inspect the property or waived your right to inspect the property.

8. All properties are offered “AS IS, WHERE IS” with no warranties either written or implied. Potential buyers are encouraged to research all property attributes (i.e. zoning, lot size, water and sewer availability, buildable or non-buildable, easements, encroachments, any governmental or private restrictions, restrictive covenants, etc.) to ensure that the property meets their intended use prior to bidding. The current appropriate county GIS information and aerial representations are provided as a courtesy, but are NOT GUARANTEED.

9. Neither the NCDOT nor Johnson Properties Realtors & Auctioneers, Inc. makes any representation of the condition or suitability of any property for any purpose. All properties are being sold “as is” in their present condition with all faults if any.

NCAL: 7340