Sale of Real Property

Background

The Orange County Government in North Carolina is conducting a sale of real property through an upset bid process as per G.S. 160A-269. The property in question is located at 108 Mollie Court, identified as Tax Parcel No. 9865614458, and consists of approximately 1.24 acres of land. The goal of this contract is to facilitate the sale of this property to the highest bidder, ensuring compliance with local regulations and procedures.

Work Details

The property is currently offered for sale at an initial bid of $60,500.00. Interested parties wishing to submit a higher bid must do so by providing a sealed bid that states the offer both numerically and in words. A qualifying higher bid must be at least $63,575.00 and accompanied by a deposit of 5% of the bid amount in the form of a cashier's or certified check made payable to Orange County Government, NC. The buyer is required to pay cash at closing, and the final high offer must be approved by the Orange County Board of County Commissioners before the sale is finalized.

Period of Performance

The bids must be submitted no later than 2:00 P.M., June 22, 2026.

Place of Performance

The property is located at 108 Mollie Court, Hillsborough, North Carolina.

Bidder Requirements

Bidders must submit a sealed envelope containing their bid along with their name and address. The envelope must also include recipient information such as the Finance Department, ITB number, PIN number, and contact names. Bidders are required to provide a deposit equal to 5% of their bid amount with their submission.