IRS Auction - Sales Ad for Monroe, NC

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Notice of Public Auction Sale

Under the authority in Internal Revenue Code section 7506 of the Internal Revenue Code, the property described below will be sold at public sale. The United States redeemed this property under the provisions of section 7425 of the Internal Revenue Code section 2410 Title 28 United States Code on April 29, 2009. The property was deeded to the United States on April 29, 2009.

Date:

7/30/2009

Time:

2:00 PM

Bidder Registration Time:

1:00 PM

Sale Location:

411 East Windsor Street, Monroe North Carolina 28112

Title Offered:

Contact Tim Smith, PALS

Description of Property:

An Office/Parts Light Manufacturing Facility, Containing Approximately 40,373 S/F. on 2.68 Acres with a Brick Warehouse Building, Containing Approximately 9,600 S/F and
Storage shed, containing 13,345 S/F Zoning Commercial Parcel #09-231-028A

Improvements: Two additional offices constructed within the original showroom area, and the addition of a gas-fired space heat system in the main warehouse area. An enclosure of the rear dock area, containing approximately 1,800 square feet, utilizing pre-engineered metal sandwich panel exterior walls. Updating the area previously indicated as the millwork area, adding interior walls partitions, HVAC system and drop tile systems. The addition of a new plumbing system, constructed to accommodate a new air compressor. The installation of a new alarm system for fire and burglar protection. The construction of a new below grade dock system, located on the east side of the primary improvement. New gas-fired HVAC units have been installed in the warehouse/shop area. Bathrooms have been reconditioned. New overhead door installed in shop area. Industrial District Tax Parc
Being the same land and premises which were conveyed to ------------ and recorded in Deed Book 976 Page 89. This same property was quit-claimed to ----------- for no consideration as recorded in Deed Book 1030 Page 689. These deeds recorded in Union County Public Registry, Monroe, NC. (See Certificate of Redemption recorded at Book 5112 Pages 344-349 in the Union County Public Registry, Monroe, NC land records for legal description of the property being offered.)

Property May Be Inspected at:

Drive by only-411 East Windsor Street, Monroe North Carolina

Encumbrances Note:

City of Monroe Water Tax $5,273.57
Union County Real Property Taxes $6,971.71

Minimum Bid:

$ 250,000.00

Bid Note:

Mail in bids accepted

Click here for Mail-in Bid Form

Click here for photos of property

The Terms of Payment:

Deferred payment as follows: 20% of the successful bid within two hours of the sale and the remaining funds are to be submitted to the PALS listed below, no later than 08/14/2009

Form of Payment:

All payments must be by cash, certified check, cashier’s or treasurer’s check or by a United States postal, bank, express, or telegraph money order. Make check or money order payable to the United States Treasury.
If the highest bidder defaults in payment of the bid price, and the property is not sold for at least as much as the highest bid, the bidders deposit will be kept as security until it is determined what damages the Government sustained because of the bidder’s default. The deposit will be set off against the amount of Government damages. If the deposit is more than the amount of damages, the balance of the deposit will be returned to the bidder. However, it the damages are more than the amount of the bidder’s deposit, the bidder will be liable for excess damages.
The Government reserves the right to reject any and all bids and to withdraw the property from the sale.

For additional information about the property and proposed sale, please contact the following office:

Name:

Tim Smith

Title:

Property Appraisal and Liquidation Specialist

Bureau:

Internal Revenue Service

Address:

60 Quaker Lane
Warwick, RI, 02886

Phone:

(401) 826-4713

Mobile: