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Greenbrier County, West Virginia
ABSOLUTE AUCTION
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5,000± Acres Sold in 75 Tracts
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Sold - October 2004
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5,000± acres set amid the beautiful Allegheny
Mountains, an area rich in history and natural beauty nestled in
the Greenbrier River valley of Greenbrier County, West Virginia.
Rarely do large estates come on the market in this region, and it
is even less often property is available at Absolute Auction and
sold to the highest bidder, regardless of price. Whether it is a
weekend getaway cabin site, a tract for hunting wild game; land
to enjoy camping, canoeing, hiking and other activities; or just
a good place to invest your money, this land has it all.
75 tracts will be sold to the highest bidder with
no minimum bid prices. Fourteen tracts border on the pristine Greenbrier
River, a world famous recreational river known for canoeing and
small-mouth bass. Many of the tracts have stately hardwood forests
with panoramic views of the surrounding mountains and valleys. Excellent
interior network of roads, totaling over 25 miles. The land joins
part of the world renowned Greenbrier Hotel and Resort, known for
world-class golf and other sports with extraordinary amenities.
It has a long border with the Monongahela National Forest. Lewisburg,
the county seat of Greenbrier County, offers a quaint, historic
town center filled with restaurants, antique shops and the well
known General Lewis Inn. This is your chance to own a piece of the
best of wild, wonderful West Virginia. This land offers excellent
hunting, fishing, timber investment and development potential.
Don’t miss this rare opportunity!
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Click for additional
photos Page 1, Page
2, Page 3 |
5% Buyers Premium Added to High
Bid |
Directions:
 From
the West- Take I-64 to exit 175. Follow Rt. 60 East into
White Sulphur Springs for 3.6 miles. Take a left on Big Draft Road.
Go 2.4 miles, turn left on Dutch Hollow Road and go 1.6 miles to
the property for southern access. For northern access, go 5.5 miles
on Big Draft Road and the property entrance is on the left.
From the East- Take I-64 to exit 181, then go west on Rt.
60 for 1.3 miles. Turn right onto Big Draft Road. Go 2.4 miles,
turn left on Dutch Hollow Road and go 1.6 miles to the property
for southern access. For northern access, go 5.5 miles on Big Draft
Road and the property entrance is on the left.
To Sale Site: West Virginia State Fairgrounds
The West Virginia Building. The West Virginia State Fairgrounds
are located in Fairlea, WV, which is a small area between the larger
towns of Lewisburg and Ronceverte. Take I-64 to exit 169 at Lewisburg,
then 219 south.
To Inspection Site: Meet a Woltz/Schrader representative
at the Brier Inn in Lewisburg, WV. Located at the intersection of
Route 219 and I-64, Exit 169. Take Route 219 South from the Exit
ramp.
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Topographic Map:
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Tract |
Acres ± |
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Tract |
Acres ± |
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Tract |
Acres ± |
| 1 |
18.6 |
28 |
82.5 |
55 |
27.8 |
| 2 |
12.4 |
29 |
43.6 |
56 |
14.0 |
| 3 |
22.7 |
30 |
39.3 |
57 |
44.7 |
| 4 |
20.0 |
31 |
116.6 |
58 |
58.2 |
| 5 |
11.9 |
32 |
86.2 |
59 |
70.0 |
| 6 |
9.7 |
33 |
52.1 |
60 |
66.3 |
| 7 |
17.3 |
34 |
77.2 |
61 |
83.1 |
| 8 |
15.6 |
35 |
112.8 |
62 |
153.0 |
| 9 |
14.6 |
36 |
59.8 |
63 |
105.8 |
| 10 |
16.5 |
37 |
55.9 |
64 |
71.4 |
| 11 |
7.3 |
38 |
87.6 |
65 |
46.4 |
| 12 |
8.8 |
39 |
99.2 |
66 |
47.4 |
| 13 |
61.9 |
40 |
66.8 |
67 |
131.9 |
| 14 |
12.5 |
41 |
44.2 |
68 |
157.2 |
| 15 |
9.2 |
42 |
31.6 |
69 |
56.0 |
| 16 |
39.0 |
43 |
84.8 |
70 |
114.1 |
| 17 |
118.7 |
44 |
85.1 |
71 |
105.0 |
| 18 |
117.2 |
45 |
67.1 |
72 |
91.7 |
| 19 |
49.2 |
46 |
49.5 |
73 |
127.5 |
| 20 |
138.7 |
47 |
112.2 |
74 |
136.4 |
| 21 |
88.4 |
48 |
64.9 |
75 |
107.0 |
| 22 |
77.7 |
49 |
86.4 |
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| 23 |
135.3 |
50 |
35.3 |
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| 24 |
56.1 |
51 |
86.1 |
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| 25 |
83.2 |
52 |
68.1 |
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| 26 |
63.4 |
53 |
42.2 |
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| 27 |
41.6 |
54 |
93.9 |
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Basic Terms & Conditions:
- PROCEDURE: Tracts 1-75 will be offered in individual tracts, in any combination of these tracts, and in its entirety. Any qualified registered bidder may bid on tracts, tract combinations, and the total property.
- DOWN PAYMENT: Successful bidders shall deliver on day of sale to Woltz & Associates Inc. 10% of the final contract sales price as an escrow deposit via cash, cashier’s check, or pre-approved personal check. Personal checks should be accompanied by a bank letter stating “___________ is a customer of this bank and account#__________ is in good standing with the bank. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING. If a successful bidder fails to close within the time specified, Seller shall have the right to terminate the Purchase Contract and retain the down payment as liquidated damages in addition to other legal remedies, or, at Seller’s option, extend the closing past the designated closing date. If closing is extended, a charge of 1% of the total contract price will be charged to the Buyer per month until closing.
- ABSOLUTE AUCTION: All tracts are sold to the highest bidder regardless of price.
- BUYER’S PREMIUM: A 5% Buyer’s Premium will be added to the final high bid price to determine contract sales price.
- DEED, ROAD MAINTENANCE AND DEED RESTRICTIONS: Seller will provide Special Warranty Deeds conveying the property to successful bidders subject to matters of record, general condition of title, and similar or related matters. As necessary or appropriate, deeds will reserve easements over parcels sold and will impose maintenance obligations on roads. The Road Maintenance Agreement and any Covenants and Restrictions will be available prior to the auction at www.wvlandauction.com or call 800-551-3588 for a copy. Some tracts will have restrictions and may exclude mobile homes.
- EVIDENCE OF TITLE: The Seller agrees to furnish bidders a preliminary Owner’s title insurance commitment to review prior to Auction. The cost of the insurance, if Purchaser elects to have the title commitment executed, will be the responsibility of the Purchaser. Seller agrees to provide merchantable title to the property subject to matters of record, general conditions of title, and similar or related matters. All tracts sold “AS IS”.
- REAL ESTATE TAXES: All real estate taxes shall be prorated at closing.
- CLOSING: Closing shall take place within 30 to 60 days after the auction day, or as soon thereafter as Seller’s applicable closing documents are completed. Announcements on the day of the auction will state the projected closing date for each property.
- POSSESSION: Possession of the property shall be given at closing.
- MAPS: Maps are available online at: www.wvlandauction.com or call 800-551-3588.
- SURVEY: Seller to furnish a new survey for any division of a parent tract into smaller tracts. When individual, contiguous tracts are combined, seller will furnish a perimeter survey of those tracts only (they will not be surveyed individually). The final sales price shall be adjusted (on a per acre basis) to reflect any difference between advertised and surveyed acres.
- PROPERTY INSPECTION: Each potential bidder is responsible for conducting, at their own risk, their own independent inspections, investigations, inquiries, and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel. Please feel free to inspect at any other time. Also, tracts are marked with surveyor’s corner markers along roadways and there are auction tract signs for your convenience. Please inspect each tract before bidding.
- BROKER PARTICIPATION: Any broker actively licensed in the State of West Virginia who properly registers the successful high bidder will be paid a 2% commission at settlement by the Seller. Registration must be on a Woltz & Associates, Inc. Buyer Broker Form and contain the name, address, and signature of agent and prospect, as well as the broker’s license number and Federal Tax ID number. The Broker Participation form is available by calling 800-551-3588 or at www.wvlandauction.com. The form must be received in the offices of Woltz & Associates, Inc. no later than Sept. 24.
- AGENCY: Schrader Real Estate & Auction Co., Inc. and Boyd Temple with Woltz & Associates, Inc. and their representatives are Exclusive Agents of the Seller.
- DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the Terms and Conditions outlined in the Agreement to Purchase.
ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. All sketches, acreages and dimensions in this brochure and other information provided by the Auction Company are approximate. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, financial ability, etc. All decisions of the Auctioneers are final. No video or cameras are allowed in the auction area without written permission from the Auction Company.
- NEW DATA, CORRECTIONS, AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.
- STOCK PHOTOGRAPHY: All photographs in this brochure reflect highlights of the property being sold with the exception of the noted stock photography reflecting wildlife and outdoor recreation.
- OWNER: MeadWestvaco Corporation.
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Contact:
Jim Woltz (WVAL# 1000) at 540-342-3560 or 800-551-3588 |
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