• Fax or E-mail (Scanned) bid forms will be accepted on or before noon June 16, 2009
• Bidder Registration Form and Terms & Conditions Acknowledgement (Page 4 of Terms & Conditions)
must be signed and precede or accompany Fax/E-mail Bid Form.
• Bidders must sign and return acknowledgement of receipt of North Carolina Agency Disclosure
Brochure “Working with Real Estate Agents” (The final page of this Auction Information Package)
• A personal or business check in the amount of $10,000 must accompany the bid form and may be
mailed at the time the initial bid form is completed, but must be received on or before June 16, 2009 to be
included in the Auction!
• This check will be held with the bid form until a Purchase and Sale Agreement has been completed,
and will be immediately returned to any un-successful bidder at the end of the Auction.
• Pre-Auction Offers (submitted on the authorized Purchase and Sale Agreement) will also be
considered and if accepted by the seller the auction may be cancelled at any time
• All bids received by noon, June 16, 2009 will be in the final Auction
• A “soft finish” to the bidding will allow bidders to increase their bid to exceed any bid that is in the
“winning position” as of the close of bidding or in subsequent “upset” bidding.
• Bidding will remain open for two hours after the preceding upset bid.
• Bidding will be closed after a two-hour period with no upset bids.
• The final bid price is subject to seller confirmation, and a Purchase Agreement will be prepared
immediately upon that confirmation.
• There is an un-disclosed reserve that may be lowered by the seller to confirm any sale.
| Fax/E-Mail Auction of 9 Comber Rd., Figure Eight Island, NC |
| UPCOMING AUCTION: Oceanfront Home on Exclusive Figure Eight Island, Wilmington, NC Date: Fax/E-mail Auction with Bids accepted until Noon June 16, 2009. Please see the Auction Download below or contact the Auctioneer for details. 5% Buyer’s Premium will be added to the high bid price to determine the contract price. Oceanfront Home to be sold to the highest bidder, subject to seller confirmation. Tax Appraisal on the house is $1,143,623 and the average price of similar homes currently on the market is over $2 million! The suggested starting bid is less than 1/3 of a traditional “asking price”. Registration: Bidders must submit a personal or company check in the amount of $10,000 with your bid form or Purchase Agreement. All checks will be returned to unsuccessful bidders immediately after the bidding. Previews: By appointment only, June 9, 2009. Because Figure Eight Island is a Private Island you must make prior arrangements to get inside the gate. Broker Participation: Buyer’s Agents who properly register their buyer with the Auction Firm will be paid a commission of 2.5% of the high bid price at closing. The House: 9 Comber Road is a lovely ocean-front home on fabulous Figure Eight Island. The house features breathtaking views of the Atlantic Ocean and Wrightsville Beach to the south. The two-story wrap- around decks offer perhaps the best "down the beach" views on the island. New carpets in bedrooms, new kitchen appliances, 11-year old shake roof and shake-shingle siding, New Electric Breaker- box. This is “beach” living at its best. Rather than a sterile “McMansion” this home has the feel of a large and friendly “Beach House” with all the modern conveniences expected by today’s standards. The house was built in 1987. Features include a large open great room with vast ocean views, and a fireplace, open to a dining area and kitchen all on the same level, along with a small unfinished room perfect for a study or library. There are 4 bedrooms and a total of 3.5 bathrooms. The home has over 2700 square feet, of heated/cooled living space plus several porches/decks, and parking /storage underneath the raised structure. The house features hurricane shutters on the ocean side of the house, water conditioner, two outside showers with dressing rooms, two under house storage areas, and is professionally landscaped. The house is being sold fully furnished and ready to rent or occupy as the buyer wishes. A beach re- nourishment project has recently been completed, and all home-owner assessments have been paid by the seller. Dumbwaiter is in place to all levels, but may need repair. The house is being sold with a Figure Eight Yacht Club Membership "Warrant", giving the buyer a right to join the Yacht Club after payment of transfer fees and membership dues. (See Auction Package for details) About Figure Eight Island: This Private Barrier Island is located just north of Wrightsville Beach near Wilmington, NC. The island is approximately 5 miles in length and encompasses about 1300 acres with approximately 441 homes. It is surrounded by the Intracoastal Waterway and the Atlantic Ocean. It is a private island and that can only be reached by way of a gated causeway bridge. It has been a popular destination for celebrities and politicians. The Island is also a known filming location for the popular TV show, "Dawson’s Creek", with the urban scenes filmed nearby in the city of Wilmington. Click here to Download an Auction Information Package in Adobe (pdf) format Note: There is a typo on the Information Sheet indicating that the property conveys with a Yacht Club Charter Membership - it should read a Yacht Club Membership "Warrant" Click here for Registration Package |
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