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Liquidity Services Brands
Restriction: $2,000 Bid Deposit Required (Lot #1-30877)
New Listing
725 E Southerland Street, Wallace, NC - House and 1 Acre Waterfront
$230,000.00 USD
Closes:
52d9h(Mar 31, 2026 11:00 PM UTC)
check_circle
Reserve Met
$2,000.00 USD
Bid IncrementSales/Lot Type:
Online Auction
Location:
Wallace, North Carolina, USASubject to an auto-extension of the auction end time.
Possible Bad Bid
The Minimum Bid is USD 230,000.00.
Is this correct?
If this is correct, to continue select "Accept Bid."
If this is incorrect or you want to submit as a Max Auto Bid, select "Reject Bid."
Is this correct?
If this is correct, to continue select "Accept Bid."
If this is incorrect or you want to submit as a Max Auto Bid, select "Reject Bid."
WATCHERS: 4 |VISITORS: 112
Admin Fee
7.5%
Account Type
Government
Seller's Terms & Conditions
Seller's Other Items
Description
| Condition | Used/See Description |
| Lot Number | 30877-1 |
House and 1 acre of land located on Boney Mill Pond in Wallace North Carolina.
Land has been subdivided from larger tract that is Town park.
House built 1949 2,480 sqft.
Minimum Reserve is $230,000.00
Inspections can be scheduled by emailing Town Manager at rtaylor@wallacenc.gov.
$2,000 Bid deposit required from all bidders. Deposits will be returned to unsuccessful bidders.
Deposit from winning bidder will be applied to outstanding balance due at closing. If winning bidder does not complete sale, deposit will be forfeited.
***BID DEPOSIT INSTRUCTIONS ARE INCLUDED AS AN ATTACHMENT TO THIS LISTING***
Closing will be handled by Burrows and Hall, 317 N Norwood Street Wallace, NC 28466. Winning Bidder will have 30 days to complete closing upon closing of auction.
Property is sold as is.
Winning bidder will be responsible for GovDeals fee and all other buyer fees.
Home inspection report is attached. Any additional reports or appraisals are at the costs of bidder.
Q & A
Have a question or looking to schedule an appointment?
Seller Information
Item Location:
Inspection
Inspection is by appointment only. Contact rtaylor@wallacenc.gov to schedule property viewing.
Payment
Remainder of funds are due at closing which will take place within 30 days of the close of the auction. Certified funds required at closing. Town attorney, Burrows and Hall will handle the closing.
Removal
***SHIPPING IS NOT AVAILABLE***
The buyer is responsible for all aspects of pick-up / removal, including but not limited to packing, loading, transportation and exporting. Note: Shipping is NOT available.
Removal is by appointment only. All items must be picked-up / removed within 10 (ten) business days from auction closure, unless otherwise stated in the asset description. If any item(s) is not removed within the allotted timeframe, the item(s) may be declared abandoned.
At the time of pick-up / removal, you will be required to present the seller with a copy of your Buyer’s Certificate and/or bill of sale, and potentially other documentation (e.g., copy of driver's license, Authorization of Release, etc). When making a removal appointment, please confirm with the seller what is needed to release the item(s).
Removal and Transportation Options
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Special Instructions
NOTICE: If you are the winning bidder and default by failing to adhere to this seller's terms and conditions, your account with Liquidity Services WILL BE LOCKED.
Guaranty Waiver: All property is offered for sale “AS IS, WHERE IS.” (Seller) makes no warranty, guaranty or representation of any kind, expressed or implied, as to the merchantability or fitness for any purpose of the property offered for sale. Please note that upon removal of the property, all sales are final.
Guaranty Waiver: All property is offered for sale “AS IS, WHERE IS.” (Seller) makes no warranty, guaranty or representation of any kind, expressed or implied, as to the merchantability or fitness for any purpose of the property offered for sale. Please note that upon removal of the property, all sales are final.
Additional Information
First time bidding? Please review our Terms and Conditions.
For further assistance please review our Frequently Asked Questions.