Sinking Creek - Tract 10
Tract 9
View from Tract 9
3 BR 2 BA Brick Ranch - Tract 4

    Beautiful Sinking Creek Valley • Craig County, Virginia
    Estate Auction
    Breathtaking Country Estate on 473± Acres
    Joins National Forest & Sinking Creek
    Offered in 10 Tracts – Tract #5 is ABSOLUTE
    Saturday, May 14, 2016 11:00 AM
    Auction Held at the Craig County High School

    Preview Dates: Sunday, April 24 from Noon – 5:00 PM; Saturday, April 30 from Noon – 5:00 PM; Saturday, May 7 from Noon – 5:00 PM

    Farming • Building Sites • Recreational/Hunting • Horses • Abundant Wildlife • 4 BR 3 BA Brick Ranch

    Tract Descriptions

    Tract Acreage (±) Description
    1 53.567 53.567 Acres of rolling meadows, hardwood timber, bold stream and joins National Forest. Ideal building site with views, great for horses/cattle or great recreational/hunting tract.
    2 6.744 Build your dream home or weekend getaway on this tract. Tract offers views, spring branch and long road frontage.
    3 80.451 80.451 Acres including an old farm house and barn in need of TLC. Could be converted to a hunting cabin or weekend getaway. Property includes good mix of fields and hardwoods, stream and joins National Forest. Has long level road frontage.
    4 46.660 This beautiful tract includes a spacious brick ranch with 4 bedrooms, 3 full baths (2 full baths recently remodeled), office and a finished walkout basement. Also includes equipment shed, workshop and barn. Home is perched on a hilltop offering a stunning picturesque view (as seen on front cover) of the peaceful countryside and joins National Forest.
    5 27.091 SOLD ABSOLUTE Regardless of Price. This tract offers rolling meadows and hardwoods that joins National Forest. Ideal building site or weekend getaway and is a great recreational tract.
    6 6.674 Build your countryside getaway on this beautiful tract which consists of a meadow gently sloping to a bold stream.
    7 56.850 This scenic tract has a bold stream that runs down through the center of this property. Ideal building site or recreational tract. Great for horses/cattle.
    8 15.210 15.21 Acres of beautiful fenced hayfield with an excellent building site.
    9 76.013 Beautiful tract that consists of rolling meadows and hardwood timber and includes large barn. A perfect place to build a home or weekend getaway on the Plateau that overlooks the valley and rolling countryside. Abundant wildlife.
    10 104.440 This 104.44 Acres joins Sinking Creek and offers open fields and some hardwoods with views. Excellent hunting or
    recreational tract.

    Directions

    DIRECTIONS TO PROPERTY:
    From Salem take VA-311N go 19.3 miles into the town of New Castle and turn left onto Cumberland Gap Road (Rt. 42) and continue for 12.7 miles. Turn right onto Bethels Church Road (Rt. 626) go 1.2 and turn right on Little Mountain Road. Continue for 1.4 miles and property is on left and right. (Property Address is 3765 Little Mountain Rd New Castle, VA 24127)

    DIRECTIONS TO SALE SITE:
    From Salem take VA-311N go 19.4 miles into the town of New Castle and turn right onto Market Street. Go .4 mile and Market Street turns into Craig Creek Road. Go another 1.5 miles and auction site is on the right. (Craig County High School – Address: 6 Alleghany Cir, New Castle, VA 24127)

    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. 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 May 13, 2016. 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.

    Basic Terms & Conditions of Auction

    REGISTRATION: Bids will be accepted only from registered bidders. Registration begins on site at 10:00 AM, May 14, 2016. Please bring a driver’s license for identification.
    TERMS OF SALE: 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.
    AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLERS, THE ESTATE OF ELVIN G. MOSES.
    ANNOUNCEMENTS: Announcements day of sale take precedence over all prior communications, verbal and written, concerning this sale.
    BIDDING: The auctioneer will determine bid increments. The tracts may be bid upon individually and in combination.
    BUYER’S PREMIUM: A Buyer’s Premium will be charged. The Buyer’s Premium on real estate 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 sale. The deposit is payable by cashier’s check or a pre-approved personal check made payable to Woltz & Associates, Inc. Escrow Account. A personal check will be approved if, prior to or at the time of registration, the Buyer presents a bank letter stating the bidder is a customer of the bank and that the checking account is in good standing.
    CLOSING DATE FOR REAL ESTATE: The balance of the purchase price is due at settlement on or before June 28, 2016.
    TRANSFER OF TITLE TO REAL ESTATE: The real estate will be conveyed by special warranty deed free and clear of liens subject, however, to any recorded rights of way, easements, conditions and restrictions.
    FINANCING: The sale of the real estate is a cash transaction and is not conditioned upon the bidder obtaining financing. Bidders should arrange any necessary financing prior to registering to bid.
    BIDDER PACKET: A Bidder Packet with information regarding the real estate is available from the Auction Company and posted at
    www.woltz.com.
    BROCHURE: The information contained in this brochure is subject to independent verification by prospective bidders. Neither the Auction Company nor the Sellers assume any liability for its accuracy or any errors or omissions. Boundaries shown on aerial photographs and topographical maps are approximate. Please refer to surveys in Bidder Packet for boundary locations.

    Documents