Claytor Lake • Pulaski County, Virginia
Real Estate Auction
68.63± Acres Offered in Five Tracts
3 Tracts Sold - April 2009
Lakefront Home • Timber Frame Barn • Building Lots
This beautiful 68± acre property with spectacular views and frontage on Claytor Lake will be offered in five tracts and in combinations. It is located less than 3 miles from Interstate 81, Exit 94, yet offers a peaceful and serene rural setting on Claytor Lake. The New River Equestrian Trail is only five minutes away and the New River Valley Airiport is approximately 11 miles from the property. This auction offers an opportunity to buy a rural estate with an immaculate lake home, timber frame barn with gorgeous living quarters, open land with spectacular views and some wooded land in a location that is approximately 40 minutes from Virginia Tech and an easy drive from Roanoke, Bristol, Greensboro, Charlottesville and Washington, DC.
The property is identified as Pulaski County Tax Map No. 092-007-0000-0002, 092-007-0000-0009, 092-007-0000-0010 and has a current tax assessed value of $1,036,200. It is located at 3537 Ferncliff Road, Pulaski, VA 24301.
Parcel One
This 5.560± acre tract features Ferncliff House, an immaculate 3,500± sq. ft., 4 bedroom, 2.5 bath lake front home, which generated $1,500/week in rental income during the summer and autumn of 2008. The home is beautifully decorated and features extensive decking with a hot tub, patios and a porch for enjoying views of unspoiled Claytor Lake. If you would prefer to entertain indoors, the home offers gathering space in the eat-in kitchen, formal dining room, sunroom, living room and television lounge. Located on a private cove with 168± ft. of frontage on the lake, the property offers a great place for swimming. There are three docks: a floating dock, a fishing dock and a dock with boat lift. Other improvements include a gazebo and a detached two-car garage with an upper level. Property address: 3537 Ferncliff Road, Pulaski, VA 24301 For additional information and photographs www.claytorlakevacations.com
Parcel Two
This 6.347± acre parcel is improved with a recently constructed 5,200± sq. ft. timber frame barn with six stalls, tack room, workshop, wash bay and bathroom. The 2,800± sq. ft. upper level is tastefully finished with an open floor plan featuring a gourmet kitchen with granite countertops, dining room/living room/office space and bathroom with large walk-in shower. The third floor includes a large bedroom with a sitting area overlooking the main living level. The living space has beautiful travertine tile in the bathroom and laundry room and antique pine flooring. This parcel also has a three-stall run-in shelter.
Parcels Three, Four and Five
Parcel 3, which is 12.978± acres, features outstanding views of the surrounding mountains from several building sites. It has 138.73± ft. of frontage on Route 672, Lowmans Ferry Road. A portion of the tract is wooded.
Parcel 4 is a 15.727± acre partially wooded tract which has 138.73± ft. of frontage on Route 672, Lowmans Ferry Road and offers great mountain views from several building sites.
Parcel 5, a 28.018± acre tract, features wooded and open areas with views and limited access to Claytor Lake.
Aerial Photography
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.
Topo Map
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.
Documents
Documents will be added as they become available. Please check back often.
Directions
To Property:
From I-81: Take Exit 94 (Pulaski/Rt. 99). At end of ramp, turn south on Rt. 99 heading toward Camp Powhatan Boy Scout Camp. Go 0.2 mi. and turn left on Old Rt. 100/F047 toward McAdam. Go 0.3 mi. and turn right on Rt. 672, Lowmans Ferry Road. Go 2.5 mi. and turn left on Ferncliff Road. Address: 3527 Ferncliff Rd., Pulaski, VA 24301.
From New River Valley Airport: Turn left onto Rt.100 North. Go
approximately 5 mi. and turn onto I-81 South. Go approximately 4 mi. and take Exit 94 (Pulaski/Rt. 99). At end of ramp, turn south on Rt. 99 heading toward Camp Powhatan Boy Scout Camp. Go 0.2 mi. and turn left on Old Rt. 100/F047 toward McAdam. Go 0.3 mi. and turn right on Rt. 672, Lowmans Ferry Road. Go 2.5 and turn left on Ferncliff Road. Address: 3527 Ferncliff Rd., Pulaski, VA 24301.
To Sale Site (Water’s Edge Meeting Facility at Claytor Lake State Park):
From I-81: Take Exit 101 (Claytor Lake State Park/ Rt.660). At end of ramp, turn toward State Park. Go 2.5 mi. (you will enter the State Park at approximately 1.8 mi.) until the road ends at Ben H. Bolen Drive. Turn right onto Ben H. Bolen Drive. Go 0.10 mi. and turn left into parking lot at Water’s Edge Meeting Facility. Address: 6620 Ben H. Bolen Dr., Dublin, VA 24084.
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 12:00 noon on April 3, 2009. 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
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.
- BIDDER PACKETS: Preliminary Bidder Packets will be available during the property inspections and upon request from the Auction Company.
- TERMS OF SALE: The real estate is being sold subject to owner 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 the 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.
- REAL ESTATE CLOSING DATE: The balance of the purchase price is due at settlement on or before May 18, 2009.
- TRANSFER OF TITLE: The real estate will be conveyed by general warranty deed free and clear of liens subject, however, to any leases, conditions, easements, rights of way and restrictions of record.
- AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLERS, CLAYTOR LAKE PROPERTIES, LLC AND CIRCLE T ENTERPRISES, LLC.
- 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.
Contact
For more information, please contact Jonna McGraw (VA#2434).
Phone Number: (540) 342-3560 or 800-551-3588
Email: Jonna
Documents:
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