SOLD – Real Estate Portfolio Auction (AM Session)


  • AM Auction Tract 1: 320 Commonwealth Blvd.
  • AM Auction Tract 2: 1900 Virginia Ave.
  • AM Auction Tract 3: 706 N Memorial Ave.
  • AM Auction Tract 4: GPS 4571 Westover Drive, Danville, VA
  • AM Auction Tract 5: 25 Ridgewood Terrace Townhomes
  • AM Auction Tract 6: 1515 Church Street Ext., Townhomes
  • AM Auction Tract 7: 29 Broad Street
  • AM Auction Tract 8: 25 Broad Street
  • AM Auction Tract 9: 100 Buena Vista Ave, Stuart, Virginia
  • AM Auction Tract 10: Chatham Road, 115± acre timber land tract
  • AM Auction Tract 11: Chatham Road, 108± acre timber tract
  • AM Auction Tract 12: Chatham Road, 17.2± acres in 6 tracts
  • AM Auction Tract 13: 3921 Greensboro Road, Ridgeway, VA
  • AM Auction Tract 14: Chatmoss Court Ext/Mt Olivet, 36± acres
  • AM Auction Tract 15: 16783 A L Philpott Hwy
  • AM Auction Tract 16: 5.5± Acres Located at the End of Melody Lane
  • AM Auction Tract 17: 137 Daniel Rd., Axton Va
  • AM Auction Tract 18: Faulkner Drive/Jessteen Lane, Bassett Va
  • AM Auction Tract 19: 3838 Dillons Fork Rd, Fieldale Va
  • AM Auction Tract 20: 940/950 Blackberry Rd., Bassett, VA
  • AM Auction Tract 21: 910 Blackberry Rd., Bassett, VA
  • AM Auction Tract 22: 930 Blackberry Rd., Bassett, VA
  • AM Auction Tract 23: Blackberry Rd Lots
  • AM Auction Tract 24: 45 Bermuda Dr., Bassett, VA
  • AM Auction Tract 25: 83 Mary Hunter Rd., Bassett, VA
  • AM Auction Tract 26: 67 Mary Hunter Rd., Bassett, VA
  • AM Auction Tract 27: Oakhaven Road, Bassett VA

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 November 15, 2022. 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.

Terms & Conditions Of Auction

1. REGISTRATION: Bids will be accepted only from registered bidders. Registration begins at 9:00 AM for the AM SESSION and 3:00 PM for the PM SESSION. Please bring a driver’s license for identification.
2. AUCTION SALE: The property will be sold subject to seller confirmation of the high bid. 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.
3. 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.
4. LIABILITY: Bidders inspecting property enter at their own risk. Auction Company and Seller assume no risk for bodily injury or damage to personal property.
5. BIDDING: Qualified bidders may bid on individual tracts or any grouping of tracts. The auctioneer will determine all bid increments. All decisions by the auctioneer regarding bid acceptance are final.
6. ANNOUNCEMENTS: Announcements on day of sale take precedence over all prior releases, verbal and written, concerning this auction sale.
7. 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.
9. LEAD PAINT: The majority of the properties in this auction were built prior to 1978 and may contain lead-based paint. A lead-paint inspection may be performed by bidders prior to the auction sale date. Applicable lead paint documents and information are available from Auction Company. Bidders will be provided a lead-paint disclosure prior to signing a real estate purchase agreement and agree to waive the ten (10) day right to inspection after the auction sale.
10. 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.
11. 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 January 31, 2023. There will be no assigning of tracts or deeds between bidders. Tracts will be deeded in the manner purchased at the auction.
12. BOUNDARY LINES: Boundaries on aerial photos and topo maps are approximate.
13. 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.
14. LEASES: Copies of all the leases we have are on our web site and all properties are being sold subject to their existing lease. Rents posted in brochure and on website are from management company and are believed to be accurate.