c1912 Historic Landmark | 5.5 AC | BID OPENS $95K Red Springs, NC

Property Location MAP

420 Shannon Rd
Red Springs, NC 28377

Property #: KEY5172

Contact Agent

John Cates
Tranzon Key

919-622-8646 Or 888-621-2110 jcates@tranzon.com
c.1912 Historic Landmark | 5.5 Acres | BID OPENS $95K
 
Bracketed Italianate Estate with Classical Doric Portico
Distinctive Green Tile Roof | Grand Proportions | Preservation Opportunity
 
Located in Red Springs, this c.1912 Bracketed Italianate estate is set on 5.5 private acres. Defined by its symmetrical façade, classical Doric columns, expansive interior scale, and distinctive green clay tile roof, the residence stands as one of the area’s most architecturally significant properties.
 
The home features 5 bedrooms, 3½ bathrooms, large formal rooms, 10-foot ceilings, and the grand proportions expected of a prominent early-20th-century estate. The 5.5-acre setting provides both privacy and flexibility for restoration vision or adaptive reuse concepts.
 
The property requires comprehensive restoration and modernization, presenting a compelling opportunity for preservation-minded buyers, restoration specialists, institutional investors, or those seeking a distinctive architectural asset for repositioning (subject to zoning and buyer due diligence).
 
Offered via online auction through Tranzon, this offering allows the market to determine value and provides the next steward the opportunity to restore and reimagine a landmark property with enduring architectural presence.
 
Parcel ID#: 934971315300
2024 Tax Assessment: $338,900
Opening Bid: $95,000
 
Selling for the Living Estate of Cynthia Boyles
 
Click on “ACCESS PROPERTY DOCUMENTS.” The Property Information Package contains information, including the sales contract, not available elsewhere.

NCAF4953

Directions:

The property is located on Shannon Rd between N Main Street Hwy 211 and Hwy 71.

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact John Cates

John Cates: Tranzon Key

919-622-8646 jcates@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

Print Terms and Conditions

  • Buyer's Premium: 10% Buyers Premium based on the high bid.
  • Closing: 30-Day closing, sold in As-Is condition, no contingencies.
  • Deposit Amount: Online registration requires $5,000 hold on a valid credit card. The hold will be released post-auction. A 10% deposit is due within 48 hours of being notified that you are the successful high bidder.
  • Buyer Agent Compensation: 2% of the high bid will be paid to a properly registered buyer's agent at settlement.
  • Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
  • Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.

Online Bidding Instructions:

See terms and conditions in the property information package.

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