Fairmont North Carolina
18 hours ago
Public Notice - Sale of Town Property
The Fairmont Board of Commissioners of the Town of Fairmont has received an offer to purchase the following property for the sum of $72,500:
108 South Main Street, Parcel 300504014, Tax Value $125,100 and Appraised Value $110,000.
Persons wishing to upset the offer must submit a written offer to the Town Clerk at 421 South Main Street, P.O. Box 248, Fairmont, NC 28340 by 12:00 p.m. on Tuesday, November 4, 2025. A person making an upset bid must deposit with the Town Clerk a sum equal to five percent (5%) of his or her offer by cash or money order. Once a qualifying upset bid has been received, that offer will become the new offer.
If a qualifying upset bid is received, the new offer will be advertised and the process continued until a ten (10) day period has passed without receipt of a qualifying upset bid.
To qualify as an upset bid, the offer must be at least $76,175.
The Town reserves the right to withdraw the property from sale at any time before the final high bid is accepted and the right to reject at any time all bids.
The Town will pay the cost of deed preparation, the property taxes for years prior to the year in which the sale closes, and any tax stamps due. The Buyer must pay current year taxes and all other costs of closing.
The Town will use a quitclaim deed to transfer the property. If the Town Board approves a sale, the buyer must pay with cash at the time of closing. The buyer will be required to bring the property up to code within 24 months of the date of closing.
Inquiries regarding the sale may be directed to Town Clerk Jenny Larson at 910-628-9766, ext. 217.
This notice is published in accordance with G.S. 160A-269.
Jennifer H. Larson, Town Clerk
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