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Rockbridge County, Virginia
VALUABLE REAL ESTATE AUCTION
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75.38± Acres Offered in 9 Tracts
Liberty Hill - Equestrian Center |
Sold - October 2007
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Rolling Terrain · Beautiful Views · Excellent Access to I-81 ·Within 15 miles of the Virginia Horse Center at Lexington · 50 Minutes to Roanoke Regional Airport
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2,718± Sq. Ft. Circa 1854 |
75' x 150' Riding Area with permaflex
footing and exceptional drainage |
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Single Story Residence |
Spa and in-ground pool with waterfall feature |
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Ten stall, bank barn with living quarters, office and storage. Lower level tack, wash stall with heat lamps, and many more features
•Six paddocks - most with run-in sheds and automatic waterers - covering close to 20 acres
80'x 100' hay barn with capacity up to 5,500 square bales, and covered equipment storage.
35 acres currently in hay production; two annual cuttings.
• Outdoor riding arena on premises.
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| Directions: |
| From I-81, Exit 180, take US 11 South for .7 mi. Turn right on St Rt 686 for approximately .5 mi. Turn right on St Rt 690 for .4 mi. to Liberty Lane on right. |
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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 as Broker’s license number and Federal Tax ID number. The form must be received in the office of Woltz & Associates, Inc. by 12:00 noon on October 11, 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. |
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| Auction Terms and Conditions: |
- REGISTRATION: Bids will be accepted only from registered bidders. Registration begins at 4:00. Please bring a driver’s license for identification.
- TERMS OF SALE: The property will be sold to the highest bidder subject to Seller Confirmation. All property is sold “AS IS, WHERE IS.” Bidders should perform such independent investigation 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: Registered bidders may bid on individual tracts, any grouping of tracts or on the whole 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 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 November 12, 2007.
- 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. Zoning is A2.
- AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER, PATRICIA VECELLIO CUNNINGHAM.
- BIDDER PACKETS: Bidder Packets are available from the Auction Company.
- BOUNDARY LINES: Boundaries shown on aerial photographs and topographical maps are provided by Auction Company as a courtesy to bidders and are approximate. Bidders should refer to the survey provided in the Bidder Packet for boundary locations.
- LEAD PAINT: The residential property in this auction was built prior to 1978 and may contain lead-based paint. A lead-paint inspection may be performed by bidders prior to the auction sale date. Applicable lead paint documents and information are available from Auction Company. Bidders will be provided a lead-paint disclosure prior to signing a real estate purchase agreement and agree to waive the ten (10) day right to inspection after the auction sale.
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5% Buyer's Premium added to high bid
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Contact:
Quinn Thomas (VA# 1815) at 540-342-3560 or 800-551-3588.
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