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listed -
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Beautifully Renovated Stately Brick Home!
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Myers Park
$2,490,000
5 Bedrooms
5 Bathrooms
4,564 Sq Ft
MLS# 4006699
Welcome to Myers Park. This stately two story brick home has been beautifully renovated inside and out while still maintaining the charm and character you love in an older home on a classic Myers Park street! Open kitchen and family room addition with beautiful formal and informal living spaces throughout. Gorgeous kitchen renovation with abundance of custom cabinetry, marble countertops, 2 sinks, 48” double over gas range, large center island, built-in breakfast area and drop zone. Scullery / Laundry room has additional sink and 2nd dishwasher. 2 fireplaces. Huge Primary suite on main level features bedroom w/ 10’ ceilings, and bathroom with dual vanity, large shower, free standing tub, and walk-in closet. Upstairs has 3 bedrooms with 3 full baths, Plus a Rec. room that can be a 5th bedroom. Incredible Fenced outdoor living w/ covered patio w/ gas firepit, turfed rear yard & carport w/ storage. House generator, tankless water heater, and sealed crawlspace. A true pleasure to show! Visit
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2509HamptonAvenue,Charlotte,NorthCarolina28207
2509 Hampton Avenue, Charlotte, NC 28207 MLS#:
Road Room Information
Main Kitchen Prim BR FamilyRm Dining Rm Living Rm
Upper Bedroom Bedroom Bedroom Loft Parking Information
Main Lvl Garage: No Garage: No # Gar Sp: Carport: Yes # Carport Spc: 1
Covered Sp: Open Prk Sp: Yes/3 # Assg Sp:
Parking Features: Carport Detached
Features
View: Doors: French Doors, Insulated Door(s)
Windows: Insulated Window(s)
Fixtures Except: Yes/3 Roman Shades in Kitchen, 2 Roman shades in upstairs bedrooms, Hanging mirrors in powder bath, Jack-n-jill bath, nursery bath, and living room gas logs
Foundation: Crawl Space
Accessibility:
Exterior Cover: Brick Full
Laundry: Electric Dryer Hookup, Laundry Room, Lower Level, Other - See Remarks
Basement: No
Fireplaces: Yes/Family Room, Fire pit, Gas, Living Room
Construct Type: Site Built
Road Frontage:
Road Surface: Patio/Porch: Covered, Rear Porch
Roof: Architectural Shingle, Rubber
Other Equipmnt:Generator
Security Feat: Carbon Monoxide Detector(s), Security System, Smoke Detector
Other Structure:
Horse Amenities:
Inclusions:
Utilities: Cable Connected, Electricity Connected, Natural Gas
Appliances: Convection Oven, Dishwasher, Disposal, Double Oven, Exhaust Hood, Gas Oven, Gas Range, Gas Water Heater, Plumbed For Ice Maker, Tankless Water Heater
Interior Feat: Attic Stairs Pulldown, Entrance Foyer, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s), Walk-In Pantry
Floors: Brick, Carpet, Slate, Tile, Wood Utilities
Sewer: City Sewer Water: City Water
Heat: Central, Electric, Forced Air, Heat Pump, Natural Gas Cool: Ceiling Fan(s), Central Air, Dual
Association Information
Subject to HOA: Optional Subj to CCRs: Undiscovered HOA Subj Dues:
Remarks Information
Public Rmrks: Welcome to Myers Park. This stately two story brick home has been beautifully renovated inside and out while still maintaining the charm and character you love in an older home on a classic Myers Park street! Open kitchen and family room addition with beautiful formal and informal living spaces throughout. Gorgeous kitchen renovation with abundance of custom cabinetry, marble countertops, 2 sinks, 48" double over gas range, large center island, built-in breakfast area and drop zone. Scullery / Laundry room has additional sink and 2nd dishwasher. 2 fireplaces. Huge Primary suite on main level features bedroom w/ 10' ceilings, and bathroom with dual vanity, large shower, free standing tub, and walk-in closet. Upstairs has 3 bedrooms with 3 full baths, Plus a Rec. room that can be a 5th bedroom. Incredible Fenced outdoor living w/
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Laurel, Schip (10)
Hydrangea, Oak-Leaf (1)
Trailing Yew (9)
Abelia, Kaleidoscope (5)
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Camellia, victoria white (5)
Boxwood (4 Transplants)
Osmanthus, fragrans (1)
Sasanqua, yoi machi, Light Pink (1)
Osmanthus, fragrans (1)
Magnolia, Little Gem (1)
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Viburnum, Chindo (5)
Boxwood, Green mountain (3)
Distylium, Coppertone (3)
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Sweet Box (5)
Viburnum, Chindo (4)
Laurel, Schip (4)
Creeping Fig (5)
Laurel, Otto Luyken (10)
Holly, Nellie Stevens (1)
Boxwood, Green velvet (31)
Autumn Fern (9)
2 Revision #: WJO/KLW
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Date:
Landscape Design by:
The Ormond Group
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RESIDENTIALPROPERTYANDOWNERS'ASSOCIATIONDISCLOSURESTATEMENT
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InstructionstoPropertyOwners
1.TheResidentialPropertyDisclosureAct(G.S. 47E)(“DisclosureAct”)requiresownersofresidentialrealestate(single-family homes,individualcondominiums,townhouses,andthelike,andbuildingswithuptofourdwellingunits)tofurnishbuyers aResidentialPropertyandOwners'AssociationDisclosureStatement(“DisclosureStatement”).Thisformistheonlyone approvedforthispurpose.Adisclosurestatementmustbefurnishedinconnectionwiththesale,exchange,option,and saleunderaleasewithoptiontopurchasewherethetenantdoesnotoccupyorintendtooccupythedwelling.Adisclosure statementisnotrequiredforsometransactions,includingthefirstsaleofadwellingwhichhasneverbeeninhabitedand transactionsofresidentialpropertymadepursuanttoaleasewithoptiontopurchasewherethelesseeoccupiesorintendsto occupythedwelling.Foracompletelistofexemptions,seeG.S.47E-2.
2.Youmustrespondtoeachofthequestionsonthefollowingpagesofthisformbyfillingintherequestedinformationorby placingacheck(√)intheappropriatebox.Inrespondingtothequestions,youareonlyobligatedtodiscloseinformation aboutwhichyouhaveactualknowledge.
a.Ifyoucheck"Yes"foranyquestion,youmustexplainyouranswerandeitherdescribeanyproblemorattachareport fromanattorney,engineer,contractor,pestcontroloperatororotherexpertorpublicagencydescribingit.Ifyouattacha report,youwillnotbeliableforanyinaccurateorincompleteinformationcontainedinitsolongasyouwerenotgrossly negligentinobtainingortransmittingtheinformation.
b.Ifyoucheck“No,”youarestatingthatyouhavenoactualknowledgeofanyproblem.Ifyoucheck"No"andyouknow thereisaproblem,youmaybeliableformakinganintentionalmisstatement.
c.Ifyoucheck"NoRepresentation,”youarechoosingnottodisclosetheconditionsorcharacteristicsoftheproperty,even ifyouhaveactualknowledgeofthemorshouldhaveknownofthem.
d.Ifyoucheck"Yes"or"No"andsomethinghappenstothepropertytomakeyourDisclosureStatementincorrector inaccurate(forexample,theroofbeginstoleak),youmustpromptlygivethebuyeracorrectedDisclosureStatementor correcttheproblem.
3.Ifyouareassistedinthesaleofyourpropertybyalicensedrealestatebroker,youarestillresponsibleforcompletingand deliveringtheDisclosureStatementtothebuyers;andthebrokermustdiscloseanymaterialfactsaboutyourpropertywhich heorsheknowsorreasonablyshouldknow,regardlessofyourresponsesontheDisclosureStatement.
4.YoumustgivethecompletedDisclosureStatementtothebuyernolaterthanthetimethebuyermakesanoffertopurchase yourproperty.Ifyoudonot,thebuyercan,undercertainconditions,cancelanyresultingcontract(See "NotetoBuyers" below).YoushouldgivethebuyeracopyoftheDisclosureStatementcontainingyoursignatureandkeepacopysignedby thebuyerforyourrecords.
NotetoBuyer:IftheownerdoesnotgiveyouaResidentialPropertyandOwners'AssociationDisclosureStatementby thetimeyoumakeyouroffertopurchasetheproperty,youmayundercertainconditionscancelanyresultingcontractwithout penaltytoyouasthebuyer.Tocancelthecontract,youmustpersonallydeliverormailwrittennoticeofyourdecisiontocanceltotheownerortheowner'sagentwithinthreecalendardaysfollowingyourreceiptoftheDisclosureStatement,orthree calendardaysfollowingthedateofthecontract,whicheveroccursfirst.However,innoeventdoestheDisclosureActpermit youtocancelacontractaftersettlementofthetransactionor(inthecaseofasaleorexchange)afteryouhaveoccupiedthe property,whicheveroccursfirst.
5.Inthespacebelow,typeorprintininktheaddressoftheproperty(sufficienttoidentifyit)andyourname.Thensignanddate.
PropertyAddress:
Owner'sName(s):
Owner(s)acknowledge(s)havingexaminedthisDisclosureStatementbeforesigningandthatallinformationistrueandcorrectas ofthedatesigned.
OwnerSignature: Date
OwnerSignature: Date
BuyersacknowledgereceiptofacopyofthisDisclosureStatement;thattheyhaveexamineditbeforesigning;thattheyunderstandthat thisisnotawarrantybyownersorowners'agents;thatitisnotasubstituteforanyinspectionstheymaywishtoobtain;andthatthe representationsaremadebytheownersandnottheowners'agentsorsubagents.Buyersarestronglyencouragedtoobtaintheirown inspectionsfromalicensedhomeinspectororotherprofessional.Asusedherein,wordsinthepluralincludethesingular,asappropriate.
BuyerSignature: Date
BuyerSignature: Date
PropertyAddress/Description:
Thefollowingquestionsaddressthecharacteristicsandconditionofthepropertyidentifiedaboveaboutwhichtheowner has actual knowledge.Wherethequestionrefersto“dwelling,”itisintendedtorefertothedwellingunit,orunitsifmore thanone,tobeconveyedwiththeproperty.Theterm“dwellingunit”referstoanystructureintendedforhumanhabitation.
1. Inwhatyearwasthedwellingconstructed?. Explainifnecessary:
2. Isthereanyproblem,malfunctionordefectwiththedwelling'sfoundation,slab,fireplaces/chimneys,floors, windows(includingstormwindowsandscreens),doors,ceilings,interiorandexteriorwalls,attachedgarage, patio,deckorotherstructuralcomponentsincludinganymodificationstothem?................................................
3.Thedwelling'sexteriorwallsaremadeofwhattypeofmaterial? BrickVeneerWoodStoneVinyl SyntheticStucco Composition/Hardboard Concrete FiberCement Aluminum Asbestos Other
4.Inwhatyearwasthedwelling'sroofcoveringinstalled? (Approximateifnorecordsare available)Explainifnecessary:
5.Isthereanyleakageorotherproblemwiththedwelling'sroof?...........................................................................
6.Isthereanywaterseepage,leakage,dampnessorstandingwaterinthedwelling'sbasement,crawlspace,orslab?
7.Isthereanyproblem,malfunctionordefectwiththedwelling'selectricalsystem(outlets,wiring,panel, switches,fixtures,generator,etc.)?........................................................................................................................
8.Isthereanyproblem,malfunctionordefectwiththedwelling'splumbingsystem(pipes,fixtures,waterheater,etc.)?
9.Isthereanyproblem,malfunctionordefectwiththedwelling'sheatingand/orairconditioning?......................
10.Whatisthedwelling'sheatsource? Furnace HeatPump Baseboard Other (Checkallthatapply)Ageofsystem:
11.Whatisthedwelling'scoolingsource? CentralForcedAir Wall/WindowUnit(s) Other (Checkallthatapply)Ageofsystem:
12.Whatarethedwelling'sfuelsources? Electricity NaturalGas Propane Oil Other (Checkallthatapply)
Ifthefuelsourceisstoredinatank,identifywhetherthetankis abovegroundor belowground,and whetherthetankis leasedbyselleror ownedbyseller.(Checkallthatapply)............................................
13.Whatisthedwelling'swatersupplysource? City/County CommunitySystem PrivateWell Shared Well Other (Checkallthatapply).................................................................
14.Thedwelling'swaterpipesaremadeofwhattypeofmaterial? Copper Galvanized Plastic Polybutylene Other (Checkallthatapply)...................................................
15.Isthereanyproblem,malfunctionordefectwiththedwelling'swatersupply(includingwaterquality,quantity, orwaterpressure)?..................................................................................................................................................
16.Whatisthedwelling'ssewagedisposalsystem? SepticTank SepticTankwithPump Community System ConnectedtoCity/CountySystem City/CountySystemavailable Straightpipe(wastewater doesnotgointoasepticorothersewersystem[note:useofthistypeofsystemviolatesstatelaw]) Other (Checkallthatapply).....................................................
17.Ifthedwellingisservicedbyasepticsystem,doyouknowhowmanybedroomsareallowedbytheseptic systempermit?
Ifyouransweris“yes,”howmanybedroomsareallowed? Norecordsavailable
18.Isthereanyproblem,malfunctionordefectwiththedwelling'ssewerand/orsepticsystem?...............................
19.Isthereanyproblem,malfunctionordefectwiththedwelling'scentralvacuum,pool,hottub,spa,atticfan, exhaustfan,ceilingfans,sumppump,irrigationsystem,TVcablewiringorsatellitedish,garagedooropeners, gaslogs,orothersystems?......................................................................................................................................
20.Isthereanyproblem,malfunctionordefectwithanyappliancesthatmaybeincludedintheconveyance (range/oven,attachedmicrowave,hood/fan,dishwasher,disposal,etc.)?..............................................................
21.Isthereanyproblemwithpresentinfestationofthedwelling,ordamagefrompastinfestationofwood destroyinginsectsororganismswhichhasnotbeenrepaired?..............................................................................
22.Isthereanyproblem,malfunctionordefectwiththedrainage,gradingorsoilstabilityoftheproperty?............
23.Arethereanystructuraladditionsorotherstructuralormechanicalchangestothedwelling(s)tobeconveyed withtheproperty?....................................................................................................................................................
24.Isthepropertytobeconveyedinviolationofanylocalzoningordinances,restrictivecovenants,orotherlanduserestrictions,orbuildingcodes(includingthefailuretoobtainproperpermitsforroomadditionsorother changes/improvements)?.........................................................................................................................................
25.Arethereanyhazardousortoxicsubstances,materials,orproducts(suchasasbestos,formaldehyde,radon gas,methanegas,lead-basedpaint)whichexceedgovernmentsafetystandards,anydebris(whetherburiedor covered)orundergroundstoragetanks,oranyenvironmentallyhazardousconditions(suchascontaminated soilorwater,orotherenvironmentalcontamination)locatedonorwhichotherwiseaffecttheproperty?............
26.Isthereanynoise,odor,smoke,etc.fromcommercial,industrial,ormilitarysourceswhichaffectstheproperty?
27.Isthepropertysubjecttoanyutilityorothereasements,shareddriveways,partywallsorencroachmentsfrom oronadjacentproperty?.........................................................................................................................................
28.Isthepropertythesubjectofanylawsuits,foreclosures,bankruptcy,leasesorrentalagreements,judgments,tax liens,proposedassessments,mechanics'liens,materialmens'liens,ornoticesfromanygovernmentalagencythat couldaffecttitletotheproperty?............................................................................................................................
29.Isthepropertysubjecttoafloodhazardoristhepropertylocatedinafederally-designatedfloodhazardarea?
30.Doesthepropertyabutoradjoinanyprivateroad(s)orstreet(s)?..........................................................................
31.Ifthereisaprivateroadorstreetadjoiningtheproperty,isthereinexistenceanyowners'associationormaintenance agreementsdealingwiththemaintenanceoftheroadorstreet?.............................................................................
Ifyouanswered“yes”toanyofthequestionslistedabove(1-31)pleaseexplain(attachadditionalsheetsifnecessary):
Inlieuofprovidingawrittenexplanation,youmayattachawrittenreporttothisDisclosureStatementbyapublicagency,orbyan attorney,engineer,landsurveyor,geologist,pestcontroloperator,contractor,homeinspector,orotherexpert,dealingwithmatterswithin thescopeofthatpublicagency'sfunctionsortheexpert'slicenseorexpertise.
Thefollowingquestionspertaintothepropertyidentifiedabove,includingthelottobeconveyedandanydwellingunit(s),sheds, detachedgarages,orotherbuildingslocatedthereon.
32.Isthepropertysubjecttogoverningdocumentswhichimposevariousmandatorycovenants,conditions,and restrictionsuponthelotorunit?.............................................................................................................................
Ifyouanswered“yes”tothequestionabove,pleaseexplain(attachadditionalsheetsifnecessary):
33.Isthepropertysubjecttoregulationbyoneormoreowners'association(s)including,butnotlimitedto, obligationstopayregularassessmentsorduesandspecialassessments?Ifyouransweris"yes",pleaseprovide theinformationrequestedbelowastoeachowners'associationtowhichthepropertyissubject[insertN/Ainto anyblankthatdoesnotapply]:
●(specifyname)
whoseregularassessments(“dues”)
are$ per.Thename,address,andtelephonenumberofthepresidentoftheowners'associationorthe associationmanagerare
●(specifyname)
whoseregularassessments(“dues”)
are$ per.Thename,address,andtelephonenumberofthepresidentoftheowners'associationorthe associationmanagerare
BuyerInitialsandDateOwnerInitialsandDate
BuyerInitialsandDateOwnerInitialsandDate REC4.22Page3of4 Rev8/21
34.Areanyfeeschargedbytheassociationorbytheassociation'smanagementcompanyinconnectionwiththe conveyanceortransferofthelotorpropertytoanewowner?Ifyouransweris“yes,”pleasestatetheamount ofthefees:
35.AsofthedatethisDisclosureStatementissigned,arethereanydues,fees,orspecialassessmentswhichhave beendulyapprovedasrequiredbytheapplicabledeclarationorbylaws,andthatarepayabletoanassociation towhichthelotissubject?Ifyouransweris“yes,”pleasestatethenatureandamountofthedues,fees,or specialassessmentstowhichthepropertyissubject:
36.AsofthedatethisDisclosureStatementissigned,arethereanyunsatisfiedjudgmentsagainst,orpending lawsuits involvingthepropertyorlottobeconveyed?Ifyouransweris“yes,”pleasestatethenatureofeach pendinglawsuit,andtheamountofeachunsatisfiedjudgment:
37.AsofthedatethisDisclosureStatementissigned,arethereanyunsatisfiedjudgmentsagainst,orpending lawsuits involvingtheplannedcommunityortheassociationtowhichthepropertyandlotaresubject,withthe exceptionofanyactionfiledbytheassociationforthecollectionofdelinquentassessmentsonlotsotherthan thepropertyandlottobeconveyed?Ifyouransweris“yes,”pleasestatethenatureofeachpendinglawsuit, andtheamountofeachunsatisfiedjudgment:
38.Whichofthefollowingservicesandamenitiesarepaidforbytheowners'association(s)identifiedabove outoftheassociation'sregularassessments(“dues”)?(Checkallthatapply).
PestTreatment/Extermination................................................................................................................................
StreetLights...........................................................................................................................................................
Water.....................................................................................................................................................................
Sewer.....................................................................................................................................................................
StormwaterManagement/Drainage/Ponds...........................................................................................................
InternetService.....................................................................................................................................................
Cable.....................................................................................................................................................................
PrivateRoadMaintenance............................................................................................................................................
ParkingAreaMaintenance....................................................................................................................................
Gateand/orSecurity..............................................................................................................................................
Other:(specify)
Property:
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Seller: Buyer:
LEAD-BASEDPAINTORLEAD-BASEDPAINTHAZARDADDENDUM
2509 Hampton Ave., Charlotte, NC 28207
Donald Santos, Courtney Townsend Santos
ThisAddendumisattachedtoandmadeapartoftheOffertoPurchaseandContract(“Contract”)betweenSellerandBuyerforthe Property.
DuringtheDueDiligencePeriod,BuyershallhavetherighttoobtainariskassessmentorinspectionofthePropertyforthepresence oflead-basedpaintand/orlead-basedpainthazards*atBuyer'sexpense.Buyermaywaivetherighttoobtainariskassessmentor inspectionofthePropertyforthepresenceoflead-basedpaintand/orlead-basedpainthazardsatanytimewithoutcause.
*Intactlead-basedpaintthatisingoodconditionisnotnecessarilyahazard.SeeEPApamphlet"ProtectYourFamilyFrom LeadinYourHome"formoreinformation.
DisclosureofInformationonLead-BasedPaintandLead-BasedPaintHazards
LeadWarningStatement
EveryBuyerofanyinterestinresidentialrealpropertyonwhicharesidentialdwellingwasbuiltpriorto1978isnotifiedthatsuch propertymaypresentexposuretoleadfromlead-basedpaintthatmayplaceyoungchildrenatriskofdevelopingleadpoisoning. Leadpoisoninginyoungchildrenmayproducepermanentneurologicaldamage,includinglearningdisabilities,reducedintelligence quotient,behavioralproblems,andimpairedmemory. Leadpoisoningalsoposesaparticularrisktopregnantwomen.TheSellerof anyinterestinresidentialrealpropertyisrequiredtoprovidetheBuyerwithanyinformationonlead-basedpainthazardsfromrisk assessmentsorinspectionsintheSeller'spossessionandnotifytheBuyerofanyknownlead-basedpainthazards. Ariskassessment orinspectionforpossiblelead-basedhazardsisrecommendedpriortopurchase.
Seller'sDisclosure(initial)
(a)Presenceoflead-basedpaintand/orlead-basedpainthazards(checkonebelow):
Knownlead-basedpaintand/orlead-basedpainthazardsarepresentinthehousing(explain).
Sellerhasnoknowledgeoflead-basedpaintand/orlead-basedpainthazardsinthehousing.
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(b)RecordsandreportsavailabletotheSeller(checkone)
SellerhasprovidedtheBuyerwithallavailablerecordsandreportspertainingtolead-based paintand/orlead-basedpainthazardsinthehousing(listdocumentsbelow).
Sellerhasnoreportsorrecordspertainingtolead-basedpaintand/orlead-basedpainthazards inthehousing.
Buyer'sAcknowledgement(initial)
(c)BuyeracknowledgesreceiptofSeller'sstatementsetforthin(a)above,andcopiesoftherecords/reportslisted in(b)above,ifany.
(d)Buyerhasreceivedthepamphlet ProtectYourFamilyfromLeadinYourHome.
(e)Buyer(checkonebelow):
AcceptstheopportunityduringtheDueDiligencePeriodtoconductariskassessmentor inspectionforthepresenceoflead-basedpaintand/orlead-basedpainthazards;or
Waivestheopportunitytoconductariskassessmentorinspectionforthepresenceoflead-basedpaint and/orlead-basedpainthazards.
Agent'sAcknowledgment(initial)
(f)AgenthasinformedtheSelleroftheSeller'sobligationsunder42U.S.C.4852dandisawareof his/herresponsibilitytoensurecompliance.
CertificationofAccuracy
Thefollowingpartieshavereviewedtheinformationaboveandcertify,tothebestoftheirknowledge,thattheinformationprovided bythesignatoryistrueandaccurate.
INTHEEVENTOFACONFLICTBETWEENTHISADDENDUMANDTHECONTRACT,THISADDENDUMSHALL CONTROL,EXCEPTTHATINTHECASEOFSUCHACONFLICTASTOTHEDESCRIPTIONOFTHEPROPERTYORTHE IDENTITYOFTHEBUYERORSELLER,THECONTRACTSHALLCONTROL.
THENORTHCAROLINAASSOCIATIONOFREALTORS®,INC.ANDTHENORTHCAROLINABARASSOCIATION MAKENOREPRESENTATIONASTOTHELEGALVALIDITYORADEQUACYOFANYPROVISIONOFTHISFORMIN ANYSPECIFICTRANSACTION.IFYOUDONOTUNDERSTANDTHISFORMORFEELTHATITDOESNOTPROVIDE FORYOURLEGALNEEDS,YOUSHOULDCONSULTANORTHCAROLINAREALESTATEATTORNEYBEFOREYOU SIGNIT.
Date:
Buyer: Date:
Buyer:
EntityBuyer: (NameofLLC/Corporation/Partnership/Trust/etc.)
By:
Name: PrintName
Title:
Date:
SellingAgent:
Date:
Date:
Seller:
Date: Seller:
02/21/2023
Donald Wesley Santos
Donald Santos
02/22/2023
Courtney Townsend Santos
Courtney Townsend Santos
EntitySeller: (NameofLLC/Corporation/Partnership/Trust/etc.)
By:
Name: PrintName
Title:
Date: ListingAgent:
Date:
Wayne Honeycutt
Wayne Honeycutt
02/21/2023
MINERALANDOILANDGASRIGHTSMANDATORYDISCLOSURESTATEMENT
InstructionstoPropertyOwners
1. TheResidentialPropertyDisclosureAct(G.S.47E)(“DisclosureAct”)requiresownersofcertainresidentialrealestatesuchassinglefamilyhomes,individualcondominiums,townhouses,andthelike,andbuildingswithuptofourdwellingunits,tofurnishpurchasers aMineralandOilandGasRightsDisclosureStatement(“DisclosureStatement”).Thisformistheonlyoneapprovedforthispurpose.
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2. Adisclosurestatementisnotrequiredforsometransactions.Foracompletelistofexemptions,seeG.S.47E-2(a). A DISCLOSURE STATEMENTISREQUIREDFORTHETRANSFERSIDENTIFIEDING.S.47E-2(b), includingtransfersinvolvingthefirstsaleof adwellingneverinhabited,leasewithoptiontopurchasecontractswherethelesseeoccupiesorintendstooccupythedwelling,andtransfers betweenpartieswhenbothpartiesagreenottoprovidetheResidentialPropertyandOwner'sAssociationDisclosureStatement.
3.Youmustrespondtoeachofthefollowingbyplacingacheck√intheappropriatebox.
MINERALANDOILANDGASRIGHTSDISCLOSURE
Mineralrightsand/oroilandgasrightscanbeseveredfromthetitletorealpropertybyconveyance(deed)ofthemineralrights and/oroilandgasrightsfromtheownerorbyreservationofthemineralrightsand/oroilandgasrightsbytheowner.Ifmineral rightsand/oroilandgasrightsareorwillbeseveredfromtheproperty,theownerofthoserightsmayhavetheperpetualrightto drill,mine,explore,andremoveanyofthesubsurfacemineraland/oroilorgasresourcesonorfromthepropertyeitherdirectly fromthesurfaceofthepropertyorfromanearbylocation.Withregardtotheseveranceofmineralrightsand/oroilandgasrights, Sellermakesthefollowingdisclosures:
YesNo NoRepresentation
BuyerInitials
BuyerInitials
1.Mineralrightswereseveredfromthepropertybyapreviousowner.
2.Sellerhasseveredthemineralrightsfromtheproperty.
3.Sellerintendstoseverthemineralrightsfromthepropertypriorto BuyerInitialstransferoftitletotheBuyer.
BuyerInitials
BuyerInitials
4.Oilandgasrightswereseveredfromthepropertybyapreviousowner.
5.Sellerhasseveredtheoilandgasrightsfromtheproperty.
6.Sellerintendstosevertheoilandgasrightsfromthepropertyprior BuyerInitialstotransferoftitletoBuyer.
NotetoPurchasers
IftheownerdoesnotgiveyouaMineralandOilandGasRightsDisclosureStatementbythetimeyoumakeyourofferto purchasetheproperty,orexerciseanoptiontopurchasethepropertypursuanttoaleasewithanoptiontopurchase,youmay undercertainconditionscancelanyresultingcontractwithoutpenaltytoyouasthepurchaser.Tocancelthecontract,youmust personallydeliverormailwrittennoticeofyourdecisiontocanceltotheownerortheowner'sagentwithinthreecalendar daysfollowingyourreceiptofthisDisclosureStatement,orthreecalendardaysfollowingthedateofthecontract,whichever occursfirst.However,innoeventdoestheDisclosureActpermityoutocancelacontractaftersettlementofthetransactionor (inthecaseofasaleorexchange)afteryouhaveoccupiedtheproperty,whicheveroccursfirst.
PropertyAddress:
Owner'sName(s):
Owner(s)acknowledgehavingexaminedthisDisclosureStatementbeforesigningandthatallinformationistrueand correctasofthe datesigned.
OwnerSignature: Date
OwnerSignature: Date
Purchaser(s)acknowledgereceiptofacopyofthisDisclosureStatement;thattheyhaveexamineditbeforesigning;that theyunderstand thatthisisnotawarrantybyownerorowner'sagent;andthattherepresentationsaremadebythe ownerandnottheowner'sagent(s) orsubagent(s).