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Bedford & Franklin County, Virginia
SMITH MOUNTAIN LAKE AUCTION
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3 Waterfront Lots, 1 New Lake Access Home and Golf Course Lot in the Water's Edge
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January 26, 2008 - 1:00 PM
Auction sale site: Holiday Inn Express, 395 Old Franklin Turnpike (Rt. 40), Rocky Mount, Virginia.
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Preview the lots anytime. Auctioneer will have information available for all properties at the open house.
Open House Dates for the new home on property 4: Sunday January 13 & 20 from 1:00 p.m. to 4:00 p.m.
Or call for an appointment to view this beautiful home.
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Online Bidding Registration Form (PDF format)
Note: Form and the deposit must be received in our office by 4:00 PM on Friday, Jan. 25, 2008
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Property 1 |
 Property 1: This Craddock Creek jewel has a gently sloping cleared lot, a brand new boat dock and great water views. The new dock has a single boat lift, double jet ski lift, sitting area and covered bar or storage. This property is located close to the Smith Mountain Lake State Park and Mariner’s Landing. This is a incredible .74 acre lot with a 3 bedroom perc site. You owe it to yourself to go look at this beautiful flat lot.
Directions to Property 1: From Halesford Bridge, take Route 122 North and turn right onto White House Road. Go 5.9 miles to stop sign and turn right onto Smith Mountain Lake Parkway. Proceed 2.2 miles and turn left onto Surrey Dr. and proceed 8/10 of a mile to the lot on the right. |
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Property 2
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 Property 2: This gorgeous 2.147+/- acre (1.101+/- acres lies above 800 ft. contour) waterfront lot offers 296+/- ft. of frontage on Smith Mountain Lake’s Merriman Run, a prime deep water location. There is 98+/- ft. of frontage on Pebble Brook Lane. The lot boasts deep water frontage, an excellent building site and easy access. The site is improved with a large, two slip boathouse with huge party deck above, storage room and floating dock. Each boat slip has an electric lift in place. Preview this property anytime.
Directions to Property 2: From Hales Ford Bridge: Go north on Route 122, turn right on Rt. 608 (Whitehouse Rd). Follow 5.7 and turn right on Rt. 853 (Airport Rd). Continue and take a right on Pebble Brook Lane. Follow to Lot 5 on the left. |
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Property 3
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 Property 3: This wonderful 5+/- acre property is located on Gills Creek and is enhanced by hardwood trees, great views and a concrete boat ramp. There is amazing potential for this lakefront lot which is located close to all amenities by land and water. This property is located off the Scruggs road one of the most popular roads at Smith Mountain Lake.
Directions to Property 3: From Halesford Bridge, take Route 122 South and turn left onto Scruggs Rd. Go 3 miles and turn right onto Lovely Valley Rd., then turn immediately left onto Pasley Lane. Go 6/10 of a mile and turn right onto Softwinds Dr. and proceed 1/10 of a mile to the property on the right.
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Property 4
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 Property 4: Beautiful NEW Lake Access home located in Lake Park subdivision in Franklin County, Va. The home boasts approximately 2,638+/-sq. ft, 3 Bedrooms, 2 Baths and extensive landscaping. There is attention to detail in this home with beautiful hickory cabinets, stainless steel appliances, remote control ceiling fans, gas logs and bubble tub and separate shower in the master suite.The home’s location and lake access is on the Blackwater River section of the lake near Magnums Marina. There is a day dock for the lot owner’s use and the ramp at Magnums is only 1 mile away.
Directions to Property 4: From Rocky Mount, take Hwy 40 East for 13 miles and turn left onto Old Salem School Road. Go 1.2 miles and turn right onto Lake Park Road. Proceed 3/10 of a mile to the home on the left.
 
 
 
 
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Property 5
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 Property 5: The Water’s Edge lot 97 in section 2. This beautiful golf course lot has magnificent views of the 16th fairway and Smith Mountain Lake. This wooded lot is located on a short cul-de-sac road with wonderfully appointed homes nearby. This is a beautiful lot in one of Smith Mountain Lake’s most prestigious neighborhoods. See web site for additional photos and information about The Water’s Edge.
Directions to Property 5: From Rocky Mount at the intersection of Rt. 220 and Rt. 40, go East on Rt. 40 to Penhook, turn left (North) on Rt. 645, Old Mountain Rd. Proceed 1.5 miles to the end of the road and turn left on Smith Mountain Rd. Proceed 1.5 miles to the end of the road and turn left on Smith Mountain Road. Proceed 4/10 of a mile and turn left on Waters Edge Drive. Go 2.4 miles and turn left on Sandwedge Circle. Property 5 is the third lot on the right. |
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Directions to Sale Site:
The Holiday Inn is located on Route 40 or Old Franklin Road just east of US 220 at Rocky Mount, VA (across the street from Kroger). From Westlake, take route 122 south to route 40. Turn right (or west) and the Holiday Inn is located on the right as you enter Rocky Mount. |
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Inclement Weather Date:
In the unlikely event the weather is snowing or icy and the roads are impassable, the auction will be postponed to the following Saturday, February 2, 2008. |
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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 January 25, 2008. 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. Broker Participation Form (PDF format) |
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Auction Terms and Conditions:
- REGISTRATION: Bids will be accepted only from registered bidders. Registration begins at 11:00 a.m. Please bring a driver’s license for identification. Internet bidders must register online prior to 5:00 PM on Tuesday, January 22, 2008.
- TERMS OF SALE: All properties will be sold subject to seller confirmation. All confirmed 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 on day of sale take precedence over all prior releases, verbal and written, concerning this sale.
- BIDDING PROCEDURE: All properties will be offered individually. Registered bidders may bid on any property. The auctioneer will determine bid increments. All decisions by the auctioneer regarding bid acceptance are final.
- 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. An additional 1% premium will be charged to bidders purchasing property over the internet as a convenience fee.
- 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. Internet bidders will be required to place a deposit prior to bidding.
- CLOSING DATE: The balance of the purchase price is due at settlement on or before February 26, 2008
- 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, restrictions and covenants of record.
- AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLERS.
- BIDDER PACKETS: Bidder Packets will be available at the previews 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/602/ for additional photos and information about the property.
- GENERAL: The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, error, or omission is assumed by the Sellers or the Auction Company.
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Contact:
Contact Boyd Temple (VA #1850) 540-797-3646 or Russell Seneff (VA #1185) 540-765-7733. Send questions or comments.
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