Franklin County, Virginia
Smith Mountain Lake Fall Spectacular Event!
24 Incredible Lakefront Estate Lots
Ranging from 2.2± Acres to 18.1± Acres
2.3± Miles of Shoreline
Located at the mouth of Bull Run, across the lake from The Water’s Edge
Leave your worries at the shore of Virginia’s second largest freshwater lake.
We invite you to discover the freedom, excitement and community of lake living with a once-in-a-lifetime auction opportunity on October 14, 2015. This unprecedented public sale features 143 acres, offered in 24 estate size tracts ranging from one to three acres in Virginia’s beautiful Mountain Region. Boasting 2.7 miles of untouched Smith Mountain Lake shoreline, this waterfront has never been for sale and may never be again.
Whether you’re searching for the ideal location to call home or a vacation residence to create lasting family memories for generations to come, you can enjoy the full spectrum of lake leisure on luxurious Smith Mountain Lake.
Under the watchful care of the Blue Ridge Mountains and surrounded by the security and serenity of the east coast’s most beautiful countryside, Smith Mountain Lake’s 22,000-acre footprint boasts 500 miles of shoreline and endless opportunities to experience the tranquility that only sunrises reflecting off glassy waters can offer.
Easily accessible from destinations nationwide, Smith Mountain Lake is only minutes from the City of Roanoke’s historic downtown and the Roanoke-Blacksburg Regional Airport, featuring non-stop flights to eight major cities and one-stop flights to anywhere in the world. Not close enough? Smith Mountain Lake maintains a private airstrip that’s guided small aircrafts to the shores of Virginia’s most ideal lake setting for the last 50 years.
Well known for its luxury living, Smith Mountain Lake’s 500 miles of shoreline are dotted with beautiful homes and well-established communities, making this auction of 24 miles of virgin shoreline a homeowners dream. Lake leisure is to be experienced, not defined. Some experience their lake lives at the helm, navigating winds on a strong summer day. Others prefer barefoot mornings and cocktail sunsets. Whatever your preference, Smith Mountain Lake has the size and scope to accommodate your lake proclivities. Whether you’re seeking luxury, leisure, adventure or a combination of the three, take hold of your lake life and enjoy the freedom to build your unique future on Smith Mountain Lake.
The best of Mother Nature surrounds Smith Mountain Lake. Outdoor enthusiasts can enjoy miles of the east coast’s most challenging, yet accessible hiking, biking and horse trails within a short drive. From the Blue Ridge Parkway, to the famed Appalachian Trail and downtown Roanoke’s offering of urban greenway trails, outdoor opportunities abound. If you prefer skimming along open waterways, to driving twisting roadways in your search for an afternoon hike, Smith Mountain Lake State Park is a short boat ride away and boasts miles of trails that weave intricately through the embodiment of southwest Virginia countryside.
Dammed in the 1960s and carefully maintained by Appalachian Power, Smith Mountain Lake is one of only a handful of waterways that can claim only an average deviation in depth of five feet over 50 years of existence. This means homeowners today enjoy the same consistent water levels and year round lake access from shoreline docks that they have since the lake was created in the 1960s.
Located on the lake’s southern end, the 143 acres offered in 24 estate size tracts up for auction on October 14, 2015, are ideally located on Smith Mountain Lake’s largest open water section, yet maintain the privacy and serenity of wooded lots.
Home to wakeboarders and sailors alike, and equally known for its laid back reel and line lifestyle, Smith Mountain Lake provides the ideal backdrop for you to create a lake life that is unique to the future you decide.
The lake is calling.
|Tract #||Acreage (±)||Footage Along 800′ Contour (±)||Footage Along 795′ Contour (±)|
Directions to Property
From Route 40 at Union Hall take Kemps Ford Road beside the Whistle Stop. Take Kemps Ford Road to a right on Dillard’s Hill Road. Go to property on right which starts at the corner or Dillard’s Hill Road and Alpine Drive and extends to Lakestone Road. Property fronts on Alpine Drive, Dillard’s Hill Road and Lakestone Road.
Broker Participation Form
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 October 7, 2015. 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.
Auction Terms & Condtions
BIDDING PROCEDURE: All tracts will be offered individually, in any combination or as a whole unit. There will be open bidding on all tracts and combinations during the auction as determined by the auctioneer. Bidding on individual tracts, tract combinations and the entire property will compete.
PURCHASE CONTRACT: Immediately following the close of bidding, each high bidder will sign a purchase contract in the form provided in the bidder packets. All information contained in this sale brochure and other marketing materials is subject to the terms and conditions contained in the written purchase contract. Seller shall not be bound by any statement promise or inducement that is not contained or incorporated in the written purchase contract.
SELLER’S ACCEPTANCE: The final bids are subject to the Seller’s acceptance or rejection.
BUYER’S PREMIUM: A Buyer’s Premium in the amount of five percent (5%) of the bid amount shall be charged to Buyer and added to the bid amount to arrive at the total contract purchase price.
PAYMENT TERMS: 10% of the purchase price will be due immediately after the bidding concludes, with the balance due in cash at closing. The down payment may be made in the form of a cashier’s check, personal check or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing. if needed, and are capable of paying cash at closing.
CLOSING: Closing shall take place after January 1, 2016 but prior to March 30, 2016.
POSSESSION: Possession shall be delivered at closing. However, Buyer will have a license for pre-closing access as described above.
REAL ESTATE TAXES:Taxes to be prorated to day of closing.
DELIVERY OF TITLE: At each closing, Seller shall furnish at Seller’s expense:
(I) a limited warranty deed conveying marketable title to Buyer, subject to all permitted exceptions as described in the purchase contract; and (Ii) an owner’s title insurance policy in the amount of the purchase price insuring marketable title, subject to all standard requirements, conditions and exceptions and subject to the permitted exceptions.
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 OCTOBER 7, 2015. 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.
SURVEY: Seller to provide survey.
PROPERTY INSPECTION: Inspection dates have been scheduled and will be staffed with auction personnel. Owner, Broker and Auction Company disclaim any and all responsibility for the safety of prospective bidders and other persons during any pltysical inspection of the property. No person shall be deemed an invitee to the property by virtue of its being offered for sale.
DISLAIMER AND ABSENCE OFWARRANTIES:THIS PROPERTY IS OFFERED “AS IS, WHERE IS NO WARRANTY OR REPRESENTATION, STATED OR IMPLIED, IS MADE BY ‘SELLER, BROKER OR AUCTION COMPANY CONCERNING THE PROPERTY. Prospective bidders are responsible for-conducting, at their own risk, their own independent inspections, investigations, inquiries and due diligence concerning the property. The information contained in this brochure and other marketing materials is subject to verification by all parties relying on it. Seller, Broker and Auction Company assume no liability for any inaccuracies, errors or omissions in such materials. All sketches, tract maps, measurements and dimensions are approximate. AGENCY: Schrader Real Estate and Auction Company, Inc., Woltz & Associates, Inc. and Murry Wise Associates LLC (and their respective agents and representatives) are exclusively the agents of the Seller.
CONDUCT OF AUCTION: The conduct of the auction and increments of bidding will be at the direction and discretion of the auctioneer. Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the person’s identity, credentials, fitness, etc. All decisions of the auctioneer at the auction are final.
CHANGES: Please arrive prior to scheduled auction time to inspect any changes . or additions to the property information. OFFICIAL ANNOUNCEMENTS MADE FROM THE AUCTION PODIUM ON AUCTION DAY WILL TAKE PRECEDENCE OVER THE MARKETING MATERIALS AND ANY OTHER PRIOR STATEMENTS.
Woltz & Associates, Inc. / Schrader Real Estate and Auction Co., Inc.