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    Statesville City Property for Sale at Fox Avenue and Dorset Place: Bidding Open Until April 15

    2024-04-16
    https://img.particlenews.com/image.php?url=3gafsX_0sSfD3cZ00

    The City of Statesville is selling a city property at the intersection of Fox Avenue and Dorset Place. The property is about 1.3 acres and zoned R-5MF. An initial offer of $12,000 has been made for the property, identified by the PIN 4744-62-0910.000.

    After the sale notice is published, other parties can submit higher bids within 10 days. The deadline for bids is 4:59 PM on April 15, 2024. The Deputy City Clerk will open the bids. The highest bid will be the new offer. If there are multiple highest bids, the first one received will be chosen.

    To submit a qualifying higher bid, the new offer must be at least 10% more than the first $1,000 and 5% more than the rest of the initial offer. This means the next offer must be at least $12,650. Bidders must also submit a deposit of 5% of the bid in cash, cashier’s check, or certified check. Deposits will be returned to unsuccessful bidders.

    The final sale has several conditions. The City Council must approve the final high offer within 30 days after the last bid. The buyer must pay in cash at closing and is responsible for any 2024 taxes and all sale and advertisement costs. The closing should happen within thirty days after the Council accepts a bid in an open session.

    The City can withdraw the property from sale at any time before the final high bid is accepted and can reject all bids. For questions about the property and its sale, contact Matthew Pierce.

    Visit here for more details

    This article has been enhanced with AI assistance. Agree to access AI-generated content by clicking here, or opt for content with less AI influence here.

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