Auction Information
Auctioneer IRON HORSE AUCTION COMPANY 910-997-2248
Auction Date Jul 24 Auction
Online Auction
Time 02:00PM
Auctioneer's Other ListingsE-mail AuctioneerAuctioneer's Web Site
Auction Listing
AuctionZip Auctioneer ID# 8405

July 17th at 8am - July 24th at 2pm

257 Russell's River Run Drive
Mount Gilead, NC

495 Island Creek Drive
Troy, NC

120 Ludlow Street
Albemarle, NC

Dates Coming Soon!

Coming Soon!

Richard Lilly


Auction Lot 1
Lake Tillery Waterfront Home Located at 257 Russell's River Run Drive in Mount Gilead, NC

Montgomery County


This lake cottage is nestled in hardwoods providing shaded enjoyment of the unique waterfront views.  This home was built to allow the owners to enjoy the lake.  The home is in move-in condition with opportunities for the owners to update as they see fit.

  • 257 Russells River Run Drive, Mt. Gilead, NC   27306
  • Built in 1960
  • Montgomery County PIN:  658305290391
  • Current Tax Value = $287,700
  • Three bedrooms, two full baths
  • Heated square footage = 1,560 square feet
  • Large screened front porch that is the width of the home.  The porch has a concrete floor covered in carpet.
  • Large Living Room with brick fireplace and insert
  • Lake views from the front porch and living room extend from the main channel to Lilly’s Bridge.
  • Interior walls are mostly paneled.  Exterior is vinyl siding.  Crawlspace foundation.
  • Replacement windows (insulated) installed in recent years throughout the home.
  • Carpeted floors in most rooms, wood laminate in the kitchen and dining areas.  Master bedroom has wood laminate floors.
  • Washer and dryer hook up on side utility area off kitchen. 
  • Heat pump.  40 gallon water heater installed in 2017.
  • Roof has recently has recently been recovered on the back half of house.
  • Paved drive and parking.  Wood deck area at north entrance to house and porch.
  • County water with septic system on site.  The current septic system is shared with the home next door.
  • Large boathouse is in need of attention.  The three bays are constructed in 1960’s style and the bay furthest to the east crosses the property line.  The boathouse roof is decked but also in need of repair.   The pier is usable but shows its age.
  • Concrete sea wall
  • Furnishings and appliances to be sold in a separate auction on the same date.   Some personal items in home will not sale (bedspreads and some photo
    Plat Lot 11 Lilly's Bridge Division
    Click Here For Video Of This Property

    Auction Lot 2
    Vacant lot located at 495 Island Creek Drive in Troy, NC in Carolina Forest

         Montgomery County
         Interior Lot
         Plat Lot 1 Lot 187 in Carolina Forest Subdivision
         PIN 658808894475
        Wooded, elevated from the street lot
        Near tennis courts and recreational area
        Tax Value- $3,900.00


Auction Lot 3
2016+/- sf. Office Building located at 120 Ludlow Street in Albemarle, NC

Stanly County

This attractive office building is conveniently located between up town and the hospital.  Carpeted throughout, the building interior indicates that the walls have been repainted since the most recent occupant.   Formerly a Doctor’s Office, the configuration would allow for any type of office application. 

  • 120 Ludlow Street, Albemarle
  • PIN:  654801276714
  • Tax Value = $103,354
  • Recently Appraised at $115,000
  • .21 +/- acres lot accessed from Ludlow Street
  • 2016 Square Feet on Single Level
  • Brick Construction with asphalt shingle roof and fixed windows.  Front porch entrance.
  • 5 concrete parking spaces with street parking on Ludlow Street.
  • Landscaping surrounds the building with a grass yard on side and in rear.   
  • Built in 1988 with renovation in 2009
  • Large client waiting room with client ½ bath
  • Large Nurse’s Station/Office Area with built-ins for file storage
  • Breakroom off office area with washer/dryer hook up and ½ bath.  Includes a sink and cabinet area outside the bath.
  • 2 Examination rooms/offices off main hall
  • 2 Executive offices – one with full bath
  • X-Ray room
  • 2 Supply/Storage Closets
  • Rear door access via the front drive and elevated deck walkway
  • Crawlspace entrance is a 6’ roll up garage door.  The crawlspace is completely covered in plastic.
  • City water and sewer
  • Electric heat and air conditioning

Auctioneer License Information: NC 3936

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