The Estate of Dr. Victor Ng (deceased)
Real Estate & Personal Property Auction
205 Salter Path Rd., Pine Knoll Shores, NC - Carteret County
Real Estate Auction of 4500+ SF OCEANFRONT HOME on 0.956 Acre Lot
with Magnificent Ocean Views
Dr. Victor Ng, MD was well known and deeply admired by the citizens of Eastern NC. Dr. & Mrs. Ng came to the United States in 1949. After completing his medical training, the young couple made their home in Robersonville, NC (Martin County). Dr. and Mrs. Ng built their home in Pine Knoll Shores, NC in 1984. In May 2022 at the age of 90, Dr. Ng passed away. Tugwell Auction & Realty Co. has been commissioned to sell Dr. Ng's home and personal property.
Real Estate Auction to begin at 12:00 Noon
205 Salter Path Rd., Pine Knoll Shores, NC
Carteret County Parcel # 635520912369000
Section II, Pine Knoll Shores Extension Block A,
Deed Book 1653, Page 226
Survey Map Book 6, Page 72.
Restrictive Covenants Deed Book 269, Page 411
Lot size 41,643 sf
This is a one of a kind, three story, contemporary styled, 4500+ square foot Oceanfront Home to be sold at auction on Saturday, March 11, 2023. The views of the Atlantic Ocean from all living areas and bedrooms are breathtaking.
This is a four-bedroom home with 5½ tiled baths, built is 1984 by Dr. and Mrs. Ng.
Large third floor great room with a wall view of the Atlantic has tongue & groove vaulted wood ceiling with beams and a fireplace.
Vaulted ceiling continues in the kitchen with two full sized Bertazzoni stainless steel refrigerators, Kenmore Elite convection microwave wall oven and standard wall oven. Electric Kenmore flat stove top and Kenmore dishwasher. Corian countertops and large Corian kitchen island with prep sink.
Large Pantry/ Utility room located off kitchen.
Large master bedroom with exceptional view of the Atlantic & master bath are on the third level.
A Family Room and three bedrooms, all with views of the ocean are located on the second level.
This Family Room has an island for seating with kitchen sink, Sub-zero refrigerator, Thermador Cook n Vent electric stove top and GE dishwasher.
This home has numerous walk-in closets and storage closets.
There are two utility rooms with washer and dryers, located on second and third levels.
The home has hardwood floors, and tiled floors.
New carpeting is in all bedrooms and the second-floor family room.
There are two hot water heaters.
Central heat and air.
Composition shingle roof is two years old.
New Pella windows and sliding glass doors were replaced approximately 18 months ago.
Water provided through Carteret-Craven Electric Cooperative. (CCEC). Septic system.
Lot size is 41,643 sf with 90 ft. of beach frontage and 90 ft. of road frontage on Salter Path Rd.
This home is in excellent move in condition.
Real Estate Terms of Sale
10% Non-refundable deposit day of auction with balance in 30 days.
Any and all inspections must be done prior to sale day. Tugwell Auction & Realty Co. encourages interested buyers to contact us to schedule inspections they find necessary prior to bidding on Saturday, March 11, 2023. All property sells, “AS IS”.
Confirmation day of sale with no waiting periods. (There will NOT be an upset bid or raised bid period.)
Buyers will receive a General Warranty Deed which is a clear deed, a deed without encumbrances or liens at closing. A General Warranty Deed is the best deed for buyers of real estate.
Taxes will be prorated as of closing date.
The owners are responsible for the cost of preparing the deed and revenue stamps. Any other closing costs such as title searches and surveys will be the responsibility of the buyers.
Tugwell Auction & Realty Co. is agent for the owners and does not have dual agency responsibilities.
Announcements day of sale take precedence over any printed matter.
Information obtained was furnished by sources deemed reliable; however, neither the owners nor the auction company guarantees this information to be correct. We encourage buyers to inspect the property prior to auction day and bid accordingly.
Purchasing a home at Auction is not much different than purchasing a home after it has been "Listed" and placed on the market. Primarily the greatest difference is it is the buyers responspsibility to do all their research on the property to be auctioned PRIOR to auction day. Tugwell Auction wants all buyers to feel confident in the bidding process and bid accordingly to the research they have completed by sale day. Secondly, the 10% down payment which is held in Escrow by Tugwell Auction & Realty Co. till closing, is a non-refundable deposit in the event the Buyer(s) do not qualify for a loan or have had a change of mind. This is why all buyers must be certain of the home and their financial obligation to the purchase of the home. All Buyers must be pre-qualified, pre-approved and a Proof of Funds Letter be brought to the auction company prior to the sale.
This auction is NOT a foreclosure, nor forced sale of any kind.
NO BUYERS’ PREMIUM is CHARGED!
Call Tugwell Auction & Realty Co. for more information or questions. 252-531-1500
No Buyers' Premium will be Charged!
Live Onsite and Online Auction via Proxibid
Personal Property Auction starts at 9:30 AM
1995 Mercedes Benz 300D, diesel, AT, 4 door sedan, with 245,000 miles,
VIN # WDBEB31E2SC081899
Steinway & Sons Upright Piano, Lladro Porcelain Collection
More Information and many Photos Coming Soon!
Terms and Conditions of Sale:
Everything sells “as is” with no guarantees or warranties either expressed or implied. Once an item has been sold at auction it is then the responsibility of the purchaser.
Information obtained was furnished by sources deemed reliable; however, neither the owners nor the auction company guarantees this information to be correct. We encourage buyers to inspect the property/items prior to sale and bid accordingly.
Cash, Check or Credit Card in full day of sale. A 4% surcharge will be added to all Credit Card Invoices. A bank letter of credit may be needed if purchaser is new to Tugwell Auction & Realty Co.
All purchases must be paid in full prior to loading and removing from sale site. All items must be removed day of sale.
ONLINE BIDDING available - Proxibid/Tugwell. All ONLINE FINAL BIDS will be charged a 10% Convenience Fee will be charged for Personal Property purchased via the internet.
All online invoices are to be paid by Bank Wire Transfer or Credit Card Day of sale or by first business day after sale. Call Tugwell Auction @ 252-531-1500 for wiring information.
For questions about terms of sale and payments due contact Sharyn Tugwell 252-531-1500