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Hanging Rock Area - Roanoke County, Virginia
ABSOLUTE AUCTION
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400± Acres Offered in 5 Tracts
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SOLD
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SOLD ABSOLUTE TO THE HIGHEST BIDDER! |
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View of the Roanoke Valley from Tract 5
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This sale offers an opportunity that may never again present itself - the ability to purchase a 400± acre rural paradise in Roanoke County located less than a mile from I-81. The property's features include spectacular long views of Downtown Roanoke, Salem and surrounding mountains and valleys, a creek, mature mixed hardwoods, abundant wildlife and several miles of marked trails. The tracts range in size from 26± acres to 274± acres. The Commonwealth of Virginia Havens State Wildlife Management Area adjoins this boundary on the west.
There are numerous potential uses for this highly desirable real estate which has more than 4,000 feet of frontage on Route 311. Formerly utilized as a Girl Scout camp, the improvements make this property ideal for a retreat center, wilderness camp or hunt club. Each Tract has beautiful home sites making it perfect for individuals who want to live in a private rural setting conveniently located near Salem, Roanoke and an interstate highway. Developers and timber buyers will also want to consider the potential of this incredible land.
The property, identified as Roanoke County Tax Map Parcels 025.00-02-9 and 035.00-01-01, is zoned AG-1, Agricultural/Rural Low Density District and AG-3, Agricultural/Rural Preserve District, respectively. The current tax assessed value is $776,200, $608,200 attributed to the land and $168,000 attributed to improvements. 5% buyer's premium added to high bid.
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Tract Descriptions:
Tract 1: Most of the buildings on the property are located on this 30.787± acre tract which has 776± feet of frontage on Route 311. The improvements are arranged in three clusters or units, each of which includes five cabins, a lodge with kitchen, bathroom facilities, campfire area and an activity area with flagpole. In addition, there is an administration building and a cook shelter. Two of the lodges have stone fireplaces both on the inside and outside of the building. Electricity is available to all of the buildings on this tract. There are two wells which provide water to the lodges, the administration building, and the wash stations located in each unit. Fifteen cabins provide accommodations for 120 people in bunk beds, three lodges provide sleeping space for an additional 70 people and the administration building provides space for 4 more. There is an additional unit, accessed by a foot bridge, which has an activity shelter, wooden platforms for tents, bathrooms and an activity area. A creek meanders through Tract 1.
Tract 2: This 26.834± acre parcel, with 511± feet of frontage on Rt. 311, has stately mature hardwoods, yet offers outstanding views of Downtown Roanoke and surrounding mountains. It would be difficult to choose from the many ideal home sites available on this tract.
Tract 3: Great views of the surrounding mountains and mature hardwoods make this 38.651± acre tract another wonderful place to create your mountain retreat or primary home site. The parcel has 637± feet of frontage on Route 311.
Tract 4: Tract 4 offers 29.774± wooded acres and mountain views creating the perfect spot for your private home in the country. The parcel has 1,119± feet of frontage on Route 311.
Tract 5: Breathtaking views are available from this 274.811± acre parcel which has 1,149± feet of frontage on Route 311. A road winds for more than a mile to the ridge where the view includes Downtown Roanoke, Salem, the Roanoke Regional Airport and surrounding mountains and valleys. Along this road, which passes through a canopy of mature hardwoods, you see a creek, a foot bridge, a shelter with a stone cooking fireplace, wooden platforms for tents, an activity field and a variety of wildlife. There are additional roads and trails on this tract which adjoins the Havens State Wildlife Management Area. There are numerous potential home sites on this parcel. |
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Directions:
Directions To Property: From I-81 North, take Exit 141 (Salem/Rt. 419). At end of ramp, turn right onto Rt. 419 North toward Rt. 311/Catawba. Travel approximately .50 mi. and turn right on Rt. 311 North toward Catawba/New Castle. Go .30 mi. to property on left at 2236 Catawba Valley Drive.
From I-81 South, take Exit 141 (Salem/ Rt. 419 to North Rt. 311). At end of ramp, turn left onto Rt. 419 North toward Rt. 311/New Castle. Travel .30 mi. and turn right on Rt. 311 North toward Catawba/New Castle. Go .30 mi. to property on left at 2236 Catawba Valley Drive.
Directions to Sale Site (Quality Inn Salem): From I-81 North, take Exit 141 (Salem/ Rt. 419). At end of ramp, turn left on Rt. 419 South toward Salem. Go .20 mi. and turn right on Sheraton Drive. Go .10 mi. to Quality Inn Salem hotel located at 179 Sheraton Drive.
From I-81 South, take Exit 141 (Salem/ Rt. 419). At end of ramp, turn right on Rt. 419 South toward Salem. Go .40 mi. and turn right on Sheraton Drive. Go .10 mi. to Quality Inn Salem hotel located at 179 Sheraton Drive. |
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Tract 1 |
Tract 1 |
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Tract 1 |
Tract 1 |
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Tract 3 |
Tract 4 |
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Tract 5 |
Tract 5 |
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Tract 5 |
Tract 5 |
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Tract 5 |
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Tract 5 |
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Aerial Photos:
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Documents:
Survey (PDF format)
Topographical Map (PDF format)
Improvements
Trails
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Broker Participation:
Any broker actively licensed in the Commonwealth of Virginia whose agent properly registers the successful high bidder will be paid a two percent (2%) commission at settlement by the Seller. Registration must be on a Woltz & Associates, Inc. Broker Participation Application form and contain the name, address and signature of agent and prospect as well a Broker’s license number and Federal Tax ID number. The form must be received in the office of Woltz & Associates, Inc. by 5:00 p.m. on Friday, April 13, 2007. If prospect attends preview, agent must attend with prospect. Additionally, agent must attend sale and co-register with prospect on auction day. Only the first broker to register the high bidder will be paid a commission. Agents acting as principals, on behalf of licensed real estate agents, on behalf of family members, on behalf of entities in which they hold an ownership interest or who represent prospects who have had prior contact with seller or auction company are not eligible. Only one registered bidder per agent. Form (PDF format) - complete and fax to 540-343-3741 by Friday, April 13, 2007, 5:00 PM. |
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Auction Terms and Conditions:
- REGISTRATION: Bids will be accepted only from registered bidders. Registration begins at 11:00. Please bring a driver’s license for identification.
- TERMS OF SALE: The property will be sold absolute to the highest bidder. All property is sold “AS IS, WHERE IS.” Potential bidders should perform such independent inspection, investigation, inquiries and due diligence with respect to the property as they deem necessary or appropriate. ALL SALES ARE FINAL.
- ANNOUNCEMENTS: Announcements day of sale take precedence over all prior releases, verbal and written, concerning this sale.
- BIDDING PROCEDURE: Tracts 1 -5 will be offered in individual tracts, in any combination of these tracts, and in their entirety. Registered bidders may bid on individual tracts, combinations of tracts or on the entire property. The auctioneer will determine bid increments.
- BUYER’S PREMIUM: A BUYER’S Premium will be charged. The BUYER’S Premium is five percent (5%) of the high bid amount. The BUYER’S Premium is added to the high bid amount to determine the sale price.
- DEPOSIT: A deposit in the amount of ten percent (10%) of the sale price (high bid plus BUYER’S Premium) will be required on day of sale. The deposit is payable by cash, cashier’s check, wire transfer into the Woltz & Associates, Inc. Escrow Account, or pre-approved personal check made payable to Woltz & Associates, Inc. Escrow Account. Personal checks will be approved if the Buyer presents, at time of registration, a letter from its bank stating that the Buyer is a customer of the bank and that the account on which the check is drawn is in good standing.
- CLOSING DATE: The balance of the purchase price is due at settlement on or before May 16, 2007.
- POSSESSION: Possession of the property shall be given at closing.
- TRANSFER OF TITLE: The real estate will be conveyed by general warranty deed free and clear of liens subject, however, to any rights of way, easements and restrictions of record. The real estate will be conveyed to the successful bidder(s) in the same combination as it was successfully bid upon and purchased at the sale.
- AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER, GIRL SCOUTS OF VIRGINIA SKYLINE COUNCIL, INC.
- BIDDER PACKETS: Bidder Packets are available from the Auction Company.
- BOUNDARY LINES: Boundaries shown on aerial photographs and topographical maps, which are provided by Auction Company as a courtesy to bidders, are approximate. Bidders should refer to the surveys provided in the Bidder Packet for boundary locations.
- WEB SITE: Please visit www.woltz.com for additional information about and photographs of the property.
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Contact:
Jonna McGraw (VA# 2434) at 540-342-3560 or 800-551-3588. Click for questions or comments. |
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