Coming to the market for the first time is a 112-acre generational farm located in northeastern Rockingham County NC that falls in the highly sought-after “Trophy Belt of NC”. The Quesinberry Farm offers a blank canvas for a Buyer looking to develop a premium recreational property or take it back to its former glory as an active cattle farm.
The farm is compiled of a well-balanced mix of active and reclaimable pastureland that encompasses approximately 30% of the property. These areas are mainly along high contours and run from the center of the tract down into the most southern section with additional terrain to expand. The open land would make ideal wildlife food plots with natural funnels running along the field pockets and creating excellent hunting opportunities. The remainder of the property has diverse timber stands with some smaller pockets along the southern sections being previously cut and the northern sections of the property are more mature. There is a good balance of Oak, Poplar, and Maple throughout the property.
Running along the southern border is a larger stream known as Machine Creek which offers some exceptional views of rock ledges and waterfalls. Additionally, there are several small spring originated streams in the interior of the property offering several ideal pond locations that would add additional value to the farm.
This is a well-balanced property with good diversification and sits conveniently located just outside of Eden NC.
The Facts
- Opening Bid amount $250,000
- Bidding Opens 10/1/24 @ 12pm
- Bidding Close 10/15/24 @ 12pm
- 112.15 +/- acres
- Approx. 960′ of frontage on Town Creek Rd
- Approx. 1450′ of frontage on Quesinberry Rd
- Gas line easement cutting through northeast corner
- Boundary stream on southern boundary “Machine Creek”
- Multiple trails
- Mixed timber
- Excellent wildlife habitat
- 39+/- acres of previous pasture land / reclaimable
- Currently in AG / Forestry tax deferment
Read More
Location
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- 4 miles east of Eden NC
- 9 miles north of Reidsville NC
- 15 miles north of Burlington NC
- 30 mikes north of Greensboro NC
- 76 miles northwest of Raleigh NC
- 5 miles south of Virginia
GO TO AUCTION
BIDDER PACKET
THE REAL PROPERTY IS BEING OFFERED TO THE PUBLIC THROUGH ONLINE BIDDING ONLY. PLEASE READ ALL TERMS OF THE SALE CAREFULLY PRIOR TO REGISTERING AND BIDDING. REGISTERING TO BID CONFIRMS THAT YOU HAVE REVIEWED AND AGREE TO THE FOLLOWING TERMS.
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- AS IS: The REAL PROPERTY and all improvements, if any, will be sold AS-IS with no representations or warranties, expressed or implied. Bidders are encouraged to conduct their inspections and due diligence prior to bidding at the auction. All information provided is believed to be correct but is not guaranteed.
- RIGHT OF WAYS, EASEMENTS, & COVENANTS: THE REAL PROPERTY is being sold subject to any or all RIGHT OR WAYS, EASEMENTS, AND COVENANTS. Bidder is responsible for doing their own property investigations prior to bidding on the property.
- PROPERTY RIGHTS: Mineral rights, timber rights, water rights, if any, will transfer with REAL PROPERTY unless otherwise disclosed.
- PROPERTY PREVIEW: Scheduled preview dates will be announced prior to auction start date or Bidders may also request a preview of the property through scheduled appointments. All previews of the property shall be through appointment only.
- PRE-AUCTION OFFERS: Seller reserves the right to accept or reject any offers properly presented prior to the start of the auction bid period. All offers submitted prior to the start of the auction bid period are subject to the same auction terms such as due diligence deposit, buyer’s premium, and no contingencies. If an offer is accepted prior to the start of the auction bid period any registered bidders will be notified, but the contract price will remain confidential.
- REGISTRATION: Registration is required for online bidding in advance and is the sole responsibility of the bidder to confirm they are registered prior to the auction start time.
- BIDS AND INCREMENTS: Auction Firm has the sole discretion to determine the highest bidder and to set bid increments.
- QUALIFIED BIDDERS: Auction Firm reserves the right to refuse to register or remove any bidder from the site for any reason and request additional information from any bidder.
- SOFT CLOSE: The online bidding is a timed event. Auction Firm reserves the right to extend the auction in 2-minute segments for all bids received in the last 2 minutes of the auction.
- SELLER CONFIRMATION: The REAL PROPERTY is being offered for an online auction only; bids will be subject to approval of the Seller.
- METHOD OF SALE: If Seller accepts the highest bid, the high bidder will be notified by 5pm on the end day of the auction. The bidder will have 24 hours to execute an NC Offer to Purchase Contract and other required documents upon notification of the winning bid. Winning bids may not be assigned except to entities that the bidder owns the majority interest in.
- AGENCY: Buyer will be required to sign an agency disclosure form stating that the buyer is aware that the Clearwater Group of NC INC. represents the seller and the seller’s interest in the transaction.
- QUALIFICATION: The Auction firm reserves the right to request pre-qualification prior to accepting registration from any bidders.
- PURCHASE CONTRACT: Within 24 hours of the close of the auction, Buyer will be required to submit their deposit and execute the most recent NC Offer to Purchase Contract 2T or Vacant Land Offer to Purchase; whichever is applicable to the type of property being sold.
- NO CONTINGENCIES: The offer to purchase contract is not subject to any buyer contingencies for financing, appraisal, surveys, inspections, soil testing, or any other contingencies.
- DUE DILIGENECE DEPOSIT: 2% of the sales price will be required in the form of a due diligence deposit (non-refundable) no less than 24 hours from the close of the auction, and the balance of the purchase price will be due at closing. The due diligence deposit will be credited back to the buyer at closing.
- BUYER’S PREMIUM: Buyer will be required to sign a buyer’s premium agreement upon execution of the offer to purchase contract. A buyer’s premium of 8% is added to the last and highest bid to determine the contract purchase price. EXAMPLE – if the high bid is $100,000.00, a buyer’s premium of $8000 is added and the purchase price would be $108,000.00.
- CLOSING: Closing is to take place no more than 45 days from the close of the auction; TIME IS OF THE ESSENCE.
- POSSESSION: Possession will be given at closing, subject to existing leases, IF ANY.
- BUYER DEFAULT: TIME IS OF THE ESSENCE with regards to the Closing Date. Buyer shall forfeit the deposit if Buyer fails to close on or before the Settlement Date as set forth in the Offer to Purchase.
- TECHNICAL PROBLEMS: The Auction Firm will not be liable for any faulty equipment, failure of equipment, faulty software, failure of software, lack of internet service connections or signals, or failure for any online bids that are not relayed on time to the Auction Firm. The Auction Firm reserves the right to extend bidding, delay bidding, or cancel bidding, without any notice to online bidders.
- DISCLAIMER: The Auction Firm provides property information that is believed to be accurate, but it is not guaranteed. Bidders must do their own due diligence prior to bidding on the property. By bidding on the property buyers acknowledge that they are satisfied with the property and agree to purchase AS IS.
- ADDITIONAL TERMS AND CONDITIONS: The Buyer agrees that if they do not wish to assume the current deferment status at closing, they will be responsible for any roll back taxes at closing.
