REAL ESTATE AUCTION
507 S. Webb Street
Gastonia, NC
Bidding Ends Thursday, October 22nd at 2:00pm!
Don’t miss this excellent real estate auction opportunity featuring a solid brick home with strong investment potential. This 3-bedroom, 1-bathroom residence offers approximately 1,500 square feet of living space and is situated on a 0.28-acre lot. Built in 1922, the home showcases spacious rooms, impressive 12-foot ceilings, and a layout that offers a strong foundation for renovation. A large garage located at the rear of the property provides additional storage, workspace, or potential utility for future use.
Please note that the home currently has code violations and is in need of repairs, making it an ideal prospect for investors, renovators, contractors, or buyers looking for a value-add property. With its brick construction, generous room sizes, high ceilings, detached rear garage, and desirable redevelopment potential, this property presents a great opportunity to restore, improve, or hold as part of a real estate portfolio. Property will be offered at auction—buyers are encouraged to complete their own due diligence prior to bidding.
Property may be viewed by contacting the Auctioneer at 704-865-9524.
Terms: A deposit of $5,000 is required as an earnest money deposit in the form of cash, personal check, certified check or wire transfer. The earnest money deposit is a credit towards the purchase price only at closing and is due immediately after confirmation that your bid has been accepted with time being of the essence. The balance of the contract purchase price is due at closing, which shall be in thirty days to no more than thirty-seven days per contract or upon delivery of the deed. In the event the Seller cannot produce a deed with an insurable title, the earnest money deposit will be refunded to the Buyer. Closing will be as specified in the Auction Purchase Contract. Conventional financing is welcome, however, the auction sales contract is not contingent on or subject to financing, appraisal, survey or inspections, or repairs of any kind, as agreed to by the Bidders and/or Buyers at registration and specified in the Auction Purchase Contract. Property will be sold with a good, clear marketable title. Due diligence ends auction day. Auctioneer’s Note: All information and dimensions were derived from sources believed to be correct but not guaranteed. Buyers shall rely on their own information, judgement, and inspection of property. All auction day announcements take precedence over any previously printed material, or any other oral statements made.
McLean Auction & Realty 704-865-9524
Col. Blake McLean NCAL 5310 Willie Sutton NCRL 36716 NCALF 10073
Terms: $5,000 deposit is due immediately after confirmation of final bid and the balance is due at closing within 30 days. Property is being sold in as-is condition and is not contingent upon buyer’s financing, condition of property, appraisal, inspection, etc.
Due diligence ends auction day.
Property is being sold with owner confirmation.
Auctioneers Note: All information and dimensions were derived from sources believed to be correct but not guaranteed. Buyers shall rely on their own information, judgement and inspection of property. All auction day announcements take precedence over any previously printed material, or any other oral statements made.
McLean Auction & Realty 704-865-9524
Col. Blake McLean NCAL 5310 Willie Sutton NCRL 36716 NCALF 10073
