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Bedford County, Virginia
ABSOLUTE AUCTION
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86± Acres offered in 14 tracts
2 Waterfront Lots on beautiful Smith Mountain Lake
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Sold - June 2007
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Preview at your leisure.
Auctioneers will be on site for Open Houses on Saturday May 19 and Sunday May 27 from 1:00 to 5:00 PM. at the home on tract 11
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Seldom do you have the opportunity to purchase such a beautiful farm and outstanding building sites in Bedford County, Virginia at Absolute Auction.
This land has been in the same family since the late 1800’s and now you are invited to purchase all or part of it. You will travel long and far to find such a wonderful 47± acre farm with both open and wooded land with some of the best views of Smith Mountain.
If you have been looking for Bedford County building sites, don't miss this auction.
This beautifully situated ranch home (on Tract 11) offers one of the most spectacular views of Smith Mountain in Bedford County. The home contains approx. 1500± sq. ft. with 3 to 4 bedrooms and 1.5 baths, full basement and 2 detached garages. Whether you enjoy the views of Smith Mountain or the Peaks of Otter, you will find a building tract you like here.
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Topo Map:
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Aerial Photography :
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Tract Descriptions:
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Tract 1: 2.25± Acres
Tract 2: 6.00± Acres
Tract 3: 4.54± Acres
Tract 4: 6.30± Acres
Tract 5: 2.38± Acres
Tract 6: 1.01± Acres
Tract 7: 1.00± Acres
Tract 8: 3.13± Acres
Tract 9: 4.59± Acres
Tract 10: 0.48± Acres
Tract 11: 47.29± Acres
Tract 12: 6.03± Acres
Tract 13: 0.96± Acres
Tract 14: 0.90± Acres
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Directions: |
Directions: Tracts 1-11: From the intersection of Route 122 and Hendricks Store Road, turn east and proceed 4 miles to the intersection at White House Rd. and the property. Please note that Hendricks Store Rd. will turn into the Radford Church Rd.From the intersection of Route 122 and White House Rd. Take White House Rd. east for 3.1 miles to the intersection of Radford Church and White House Road
Directions: Tracts 12 -14: From the house on tract 11, proceed down the White House Rd. towards Huddleston. At the stop sign, turn right on Smith Mountain Lake Parkway. Go 2/10 of a mile and turn left on Tolers Ferry Rd. Go 2.7 miles and turn right on Patmos Church Rd. Go 1 mile and turn left on Cox Street. Tract 12 is on your right and the 2 lake lots, tracts 13 & 14 are 2/10 of a mile on the left .
Sale Site Directions: The Saunders Volunteer Fire Department is located 1/2 mile past the White House Store on the Smith Mountain Lake Parkway.
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Documents:
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Broker Participation:
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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 NOON on Friday, June 1, 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. Brokers representing buyers whose primary address is in Bedford or Franklin County, are not eligible. 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.
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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: Tracts 1-14 will be sold absolute to the highest bidder. All sales are final. 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.
- ANNOUNCEMENTS: Announcements day of sale take precedence over all prior releases, verbal and written,
concerning this sale.
- BIDDING PROCEDURE: Tracts 1-14 will be offered in individual tracts, in any combination of these tracts, and in their entirety. The auctioneer will determine bid increments.
- BUYER'S PREMIUM: 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, 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 July 2, 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 SELLERS.
- BIDDER PACKETS: Bidder Packets will be available at the open houses and online.
- 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.
- LEAD BASE PAINT: Structure(s) were built prior to 1978 and may contain lead paint. Inspection may be
performed at bidder’s option prior to sale day. Applicable lead paint documents and information are available. Prior to signing the Purchase Agreement, bidders must execute a lead paint disclosure and agree to waive the ten (10) days right to inspection after the sale.
- SALE SITE ADDRESS: Saunders Volunteer Fire Dept., 12253 Smith Mountain Lake Pkwy, Huddleston, VA 24104
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Contact:
Russell Seneff (VA# 1185) at 540-342-3560 or 800-551-3588. |
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