Spotsylvania, Virginia

REAL ESTATE AUCTION
2 TRACTS

SOLD

Previews: February 17 & 24 (On-Site) from 2 PM to 4 PM

Two beautiful wooded rolling tracts in western historic Spotsylvania County, only minutes from spectacular Lake Anna with its 400 mile shoreline. Both tracts are in a rural, wooded setting, yet an easy distance from Richmond, Charlottesville and Fredericksburg. Both tracts are in large tract subdivisions with privacy and seclusion at the end of private roads. This could be your new home site with plenty of game on your own land.

Parcel 1: 71.73±acres 7720 Panier Road
This tract is a beautiful rolling wooded parcel with old field openings. There is a small stream on the back of this property. With a small amount of clearing, this tract will offer a beautiful potential building site. Construct walking and riding trails on the wonderful property and enjoy its natural beauty. This tract is zoned A-3.

Parcel 2: 43.22± acres 12730 New Chapel Road
This tract is wooded with a stream on the back of the property. This parcel has been approved by the Virginia Department of Health for a four bedroom house. This tract is zoned A-3.

Tract 1 Photos

Tract 2 Photos

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 Maps

Documents

Tract 1
Tract 2
Real Estate Purchase Agreements

Directions

Directions to 7720 Panier Road:
From I-95: take exit 118/Thornburg, go 16 miles on Rt. 606 which becomes Post Oak Road, turn left onto Panier Road, 7720 Panier Road on your right at cul-de-sac.
From Lake Anna: take Rt. 208/Courthouse Road approximately 8 miles to left onto Brokenburg Road for 0.2 miles, right onto Margo Road for 1.3 miles, left onto Rt. 606/post Oak road for 2.9 miles, left onto Panier Road.

Directions to 12730 New Chapel Road:
From 7720 Panier Road, Spotsylvania, VA: left onto Rt. 606/ Post Oak Road for 1.8 miles, left onto Stubbs Bridge Road for 2.0 miles, left onto Grand Brooks Road for 2.1 miles, left onto new Chapel Road. 12730 New Chapel Road is on the right before the cul-de-sac.

Directions to Sale Site: Lake Anna Winery
From Richmond: Travel north on I-95 to the Thornburg exit. Take Rt. 606 west to Snell. Continue on Rt. 606, then turn left onto Rt. 208. The Winery entrance will be on the left about three miles east of Lake Anna. From Charlottesville: Take I-64 East to Rt. 208 (exit number 143) - toward Louisa/Ferncliff. Turn left onto Rt. 208/ Rt. 659. Continue to follow Rt. 208 for 27 miles. The Winery entrance will be on the right about three miles east of Lake Anna.

Broker Participation

Any appropriately licensed broker whose agent properly registers the successful high bidder will be paid a 2% commission based upon the contract sales price at settlement by the Seller. Application 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 the Broker’s license number and Federal Tax ID number. The form must be received in the offices of Woltz & Associates, Inc. by 4:00 PM, Tuesday, March 2, 2010. Agent must show the prospective buyer the property and sign in at the open house, if attended by prospective buyer, attend the sale, and co-register with prospective Buyer on auction day. Only the first agent to register the high bidder will be eligible for a commission. Agents acting as principals buying on their own account, on behalf of family members, other licensed real estate agents, or who represent prospects that have had prior contact with Seller or Auction Company are not eligible. An agent may register only one bidder.

Terms & Conditions

REGISTRATION: Bids will be accepted only from registered bidders. Registration begins at 3:00PM. Please bring a driver’s license for identification.
AUCTION SALE: Parcel One will be sold to the highest bidder subject to Seller Confirmation. Parcel Two will be sold absolute to the high bidder. ALL CONFIRMED SALES ARE FINAL: All property is auctioned “AS IS, WHERE IS” with all faults in its condition at the time of sale without recourse by way of refund, reduction of the purchase price, or otherwise. Bidders should perform such independent investigation with respect to the property as they deem necessary or appropriate.
FINANCING: Your bidding and purchase of the property is not conditional upon financing. Be sure you have arranged financing, if needed, and are capable of paying cash at closing.
LIABILITY: Bidders inspecting property enter at their own risk. Auction Company assumes no risk for bodily injury or damage to personal property.
BIDDING: Qualified bidders may bid on individual tracts, any grouping of tracts or on the whole property. The auctioneer will determine all bid increments. All decisions by the auctioneer regarding bid acceptance are final.
ANNOUNCEMENTS: Announcements on day of sale take precedence over all prior releases, verbal and written, concerning this auction sale.
BUYER’S PREMIUM: The Buyer’s Premium on the real estate is 5% of the high bid amount. The Buyer’s Premium will be added to the high bid to determine the final sale price.
AGENCY: The Auction Company and its representatives represent the Seller, First Mount Vernon Industrial Loan Association.
REAL ESTATE DEPOSIT: A deposit in the amount of ten percent (10%) of the contract sale price will be required on day of sale. The deposit is payable by cash, cashier’s check, or pre-approved personal check payable to Woltz & Associates, Inc. Escrow Account. Personal checks will be approved if the Buyer presents a bank letter stating that the Buyer is a customer of the bank and the checking account is in good standing.
REAL ESTATE DEED: The real estate will be conveyed by special warranty deed free and clear of liens, subject, however, to any rights of way, easements and restrictions of record. The balance of the purchase price is due at settlement on or before April 5, 2010. There will be no assigning of tracts or deeds between bidders. Tracts will be deeded in the manner purchased at the auction.
Boundary Lines: Boundaries on aerial photos and topo maps are approximate. Refer to survey for exact boundary locations.
GENERAL: The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, error, or omissions is assumed by the Seller or the Auction Company.

Contact

For more information, please contact Deal Tompkins (VA# 2907003647) .
Phone Number: (540) 342-3560 or 800-551-3588
Email:Deal