SOURCE: Iron Horse Auction

Iron Horse Auction

May 27, 2011 09:45 ET

Lake Tillery Waterfront Home Sites to Sell in June 14 Auction

ROCKINGHAM, NC--(Marketwire - May 27, 2011) - Seventeen Lake Tillery home sites -- including waterfront and interior sites -- will sell at auction Tuesday, June 14. The homes are part of the Cove at Lilly's Bridge, a new subdivision on the lake, according to Tom McInnis, chief operating officer of Iron Horse Auction Company, which will conduct the sale.

"With the economy finally beginning to loosen up, folks are once again beginning to acquire properties for their leisure time activities, and this is a good time to do so, before real estate prices begin to return to their pre-recession levels," said McInnis.

One of the four waterfront home sites will sell regardless of price to the highest bidder at or above $99,000. One of the interior home sites will sell regardless of price to the highest bidder at or above $39,000. The subdivision includes boat slips for all lots, and the owners of waterfront lots may also have a boathouse and a pier.

"The Cove really is in the sweet spot of what a lot of buyers are looking for -- an attractive development on one of North Carolina's favorite lakes, convenient to Charlotte, Greensboro and Asheboro. In addition, property owners can build homes as small as 900 square feet," said McInnis. To entice prospective buyers, a new 2011 Ford Ranger will be given to one of the buyers.

Iron Horse professionals will be available to guide inspections and answer questions about the property and the auction on May 28, June 5 and June 12. The auction will begin at 6 p.m. Tuesday, June 14, at the Lake Tillery Fire Department, 7913 NC Highway 73, W. Mt. Gilead.

Individuals seeking additional information may contact the auction company at 800-997-2248 or visit

Iron Horse Auction Company, headquartered in Rockingham, N.C., sells real estate, equipment and personal property in North Carolina and surrounding states. More auction information.

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