A county-owned property that first went on sale earlier this year is going to sell for a lot more than county officials first planned.
The old Monticello Community Center property at 5009-A NC 150 East now has an offer that’s more than two and half times higher than county officials were expecting to get – and the bidding is still going on.
County officials originally planned to sell the property – which includes an old gymnasium – for $100,000. Several months and several upset bids later, the new price tag is $260,000, and that offer is now being publicized for upset bids.
If you want to offer more, you can submit a sealed upset bid to the County Clerk to the Board of Commissioners Office at 301 W. Market St in Greensboro by 5 p.m. on Thursday, Dec. 15.
To qualify, as an upset bid, the new offer must be at least $273,050 and meet other criteria. The deposit must be in the form of a cashier’s check or certified check. If a qualifying upset bid is received, the new offer will be advertised and the bid process will be repeated with a 10-day window for more upset bids.
Acceptance is conditioned on Board of Commissioners approval of the final highest offer. The Board of Commissioners may, at any time, reject any offers and withdraw the property from the market.
Earlier this year, county real estate officials told the Guilford County Board of Commissioners that the county had received a bid of $100,000 for the land. They also said that the county had no use for the property, the gym would cost a lot to fix up and it was expensive year-round to keep the grass mowed and all the brush trimmed.
Inquiries regarding the sale should be directed to Guilford County Real Estate Project Manager Chelsea Swaim at 336- 641-5296 or firstname.lastname@example.org.
Great! Can you open bidding for City Hall?