Otis Joyce Estate Real Estate Auction

 

This wonderful investment portfolio includes single family homes and trailers along with duplexes, triplexes, quadplexes, trailer parks, and vacant land. Pick and choose what works for you and your investment goals.

Otis took a lifetime to put this portfolio together and the family is giving you the opportunity to buy it all at Absolute Auction. You set the price. Don’t miss this opportunity!

Rocky Knob Trailer Park

Auction Tract 1:

Rocky Knob Trailer Park
Approved For 100 Spaces Currently Houses 31 Rented Spaces.

24 Park Owned Trailers

Trailer Spots Rent For $125 And There Are 7 Spots Currently Rented.

Rent Roll Potential $101,200/Annual

GPS Stillbrook Dr & Joyce Park Dr, Bassett, VA

Property ID: 121240008

Orchard Manor

The Trailer Park and Duplexes share a well. The Trailer Park will be sold as one unit, the three duplexes will be sold individually. There will be a shared well agreement which means they will all pay a prorated share of the well, electric bill and maintenance. Each unit will be responsible for maintaining the water line to their structure. PSA water is on the adjacent road and if a unit owner decides to run PSA water to their property they would be exempt from payment and maintenance. The well is located on Auction Tract 4.

Auction Tract 2:

Oak Grove Park
12 Space Trailer Park. Units 1-12
$34,200/Potential Annual

7 Park Owned Trailers
5 Lot Rentals

GPS Oakgrove Park Ln, Bassett, VA

Property IDs: 001830001 and 135280025

Orchard Manor Duplexes

Auction Tract 3:

Units 26 & 27
$4,800/Potential Annual

Property ID: 135280024

Auction Tract 4:

Units 22 & 23
$6,180/Potential Annual

Property ID: 135200001

Auction Tract 5:

Units 24 & 25
$6,000/Potential Annual

Property ID: 135140016

GPS Hephill Dr, Bassett, VA

 

Duplexes and QuadPlexes, Ebb Drive and Grace Drive

Auction Tracts 6 thru 11. Units A-F also share a well. The units will be offered separately with the same type shared well agreement. Again, PSA water is adjacent to this property. If an owner hooks to PSA water they will be exempt from the shared well agreement.

Auction Tract 6:

Units 13 & 14 $6,300/Potential Annual

Property ID: 077720001

Auction Tract 7:

Units 15 & 16 $6,000/Potential Annual

Property ID: 077720006

Auction Tract 8:

Units 17, 18, 19 & 20 $12,000/Potential Annual

Property ID: 077720007

Auction Tract 9:

Units 1, 2, 3 & 4 $11,100/Potential Annual

Property ID: 077720003

Auction Tract 10:

Units 5, 6, 7, 8 $11,700/Potential Annual

Property ID: 077720004

Auction Tract 11:

Units 9, 10, 11 & 12 $ 8,700/Potential Annual

Property ID: 077720005

GPS Ebb Dr & Grace Dr In Bassett, VA

Laws Park

Auction Tract 12:

Laws Park
11 Space Trailer Park

9 Rented 2 Vacant

4 Park Owned Trailers $12,720/Potential Annual
5 Lots Rented $7,500/Potential Annual

$20,220/Potential Annual

Property ID: 128160009

GPS Salinas Dr In Bassett, VA

Newmans Park

Auction Tract 13:

Newmans Park
4 Unit Trailer Park And All Trailers Are Park Owned. Also Includes Garage And Well On Springhouse Lane, Bassett (At Intersection of Hwy 57 and Springhouse Lane).

4 Trailers Rent For $13,800/Potential Annual
Garage $ 1,800/Potential Annual
Total Rent $15,600/Potential Annual

Property ID: 161770005

GPS Springhouse Ln, Bassett, VA.

Auction Tract 14:

Brookside Apartments
575 Colonial Hill Dr just off Hwy 220
5 Units Total $15,900/Potential Annual

Property ID: 067890000

Auction Tract 15:

Wright Triplex
263 Graceland Dr.
3 Units Total $9,000/Potential Annual

Property ID: 248750009

McKinley Drive – Put McKinley Dr in GPS, I will have Signs Up

Auction Tract 16:

McKinley Dr Duplex Unit 1 & 2, Plus Adjacent Building, Needs Repair
$7,800/Potential Annual

Property IDs: 248150001, 092710004 & 121245022

Auction Tract 17:

House 78 McKinley Dr $3,900/Potential Annual
House 80 McKinley Dr $3,600/Potential Annual
$7,500/Potential Annual

Property IDs: 163600000 & 163540000

Auction Tract 18:

McKinley Dr. Clubhouse
Plus Extra Lot At Top Of Hill
$4,200/Potential Annual  – No Cell Tower Income

Property IDs: 121240004 & 121240005

Auction Tract 19:

36 Valentine Ct, Martinsville, VA
$4,200/Potential Annual

Property ID: 121240009

Auction Tract 20:  – Removed from Auction

1250 Jarrett Dr
$4,200/Potential Annual

Property ID: 228810001

Auction Tract 21:

1163 Jarrett Dr (House) &1167 Jarrett Dr (Trailer)
$9,000/Potential Annual

Property ID: 176730000

Auction Tract 22:

3255 Columbus Dr
$4,200/Potential Annual

Property ID: 240950000

Auction Tract 23:

3220 Columbus Dr
$3,600/Potential Annual

Property ID: 163855005

Auction Tract 24:

448 Sanville Heights Rd
$4,200/Potential Annual

Property ID: 214210000

Auction Tract 25:

1512 Crestridge Rd – Lot 1
$3,600/Potential Annual

Property ID: 092800000

Auction Tract 26:

1514 Crestridge Rd – Lot 2
$3,600/Potential Annual

Property ID: 092800001

Auction Tract 27:

140 Carson Ln
$3,000/Potential Annual

Property ID: 082890000

Auction Tract 28:

280 Smith Rd, Bassett
$4,200/Potential Annual

Property ID: 121240019

Auction Tract 29:

225 Moses Moore Rd &  23 Lawton Dr
$11,100/Potential Annual

Property ID: 154030000

Auction Tract 30:

1408 Summitt Rd, Martinsville, VA
Partial Shell

Property ID: 121240010

Auction Tract 31: Landcaster Hill Subdivision

44 Vacant Platted Lots Ready For A New Owner
GPS Nolen Rd

Property IDs: 162940002, 162940003, 162940004, 162940005, 162940006, 162940007, 162940008, 162940009, 162940010, 162940011, 162940058, 162940012, 162940013, 162940014, 162940015, 162940016, 162940017, 162940018, 162940019, 162940020, 162940021, 162940022, 162940023, 162940024, 162940025, 162940026, 162940027, 162940028, 162940029, 162940030, 162940031, 162940032, 162940033, 162940034, 162940035, 162940036, 162940037, 162940038, 62940043, 162940044, 162940045, 162940046, 162940047, 162940055

Auction Tract 32: Bartlow Drive Vacant Lot

GPS Bartlow Dr

Property ID: 121240006

Auction Tract 33: Ebb Drive Vacant Lot

Property IDs: 077720002 & 250150000

GPS Ebb Dr


Note the numbers used in advertising are based on potential revenue.

Use GPS for directions. All auction tracts are in Bassett except auction tracts 19 and 30 in Martinsville.

Phone GPS gets you there fine!

We will not be doing open houses. Feel free to do drive by and look at the outside of properties. We will pass along any information the family has but these properties were managed by Otis alone and information is limited.

Everything is on well and septic systems.

7% Buyer’s Premium

TERMS & CONDITIONS OF THE AUCTION

  1. REGISTRATION:  Bids will be accepted only from registered bidders.  Registration begins at Noon EDT.  Please bring a driver’s license for identification.
  2. AUCTION SALE:  All property will be sold absolute to the high bidder regardless of price. ALL 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 before bidding.
  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 assumes no risk for bodily injury or damage to personal property.
  5. BIDDING:    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 seven percent (7%) of the high bid amount.  The Buyer’s Premium will be added to the high bid to determine the final contract sales price.
  8. AGENCYThe Auction Company and its representatives represent the Seller.
  9. REAL ESTATE DEPOSIT:  A deposit in the amount of ten percent (10%) of the contract sales price will be required on day of sale.  The deposit is payable by cash, cashier’s check, business or personal check payable to Woltz & Associates, Inc. Escrow Account. 
  10. TRANSFER OF TITLE TO REAL ESTATE & SETTLEMENT: The real estate will be conveyed by special warranty deed, free and clear of liens, and subject to all rights, reservations, covenants, conditions, easements, rights-of-way, and restrictions of record, as the same may lawfully apply to the Property, and to all matters which would be disclosed by a survey and inspection of the Property. The balance of the purchase price is due at settlement on or before June 27, 2022.
  11. Boundary Lines:  Boundaries on aerial photos and topo maps are approximate.
  12. GENERAL: The information contained in the brochure, on the internet or otherwise, 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.
  13. OTHER DISCLOSURES: Orchard Manor-Auction Tracts 2 thru 5. The Trailer Park and Duplexes share a well. The Trailer Park will be sold as one unit. The three duplexes will be sold individually. There will be a shared well agreement, and each unit will all pay a prorated share of the well, electric bill, and maintenance. Each unit will be responsible for maintaining the water line to its structure. Public Service Authority (“PSA”) water is on the adjacent road, and if a unit owner decides to run PSA water to their property, they would be exempt from payment and maintenance. The well is located on Auction Tract 4.

Ebb Drive and Grace Drive-Auction Tracts 6 thru 11 also share a well. These units will be offered separately with the same type of shared well agreement as Auction Tracts 2 thru 5. Again, PSA water is adjacent to this property. If an owner hooks to PSA water, they will be exempt from the shared well agreement. The well for these units is located on Auction Tract 9.

 

 

Smith Mountain Lake Waterfront Estate and Land Auction

356 Acres with 3.2 Miles of Lake Frontage
37 parcels / 29 Lakefront

29 of the best waterfront lots on Smith Mountain Lake.
Large acreage and lots of water frontage.

 

“Never Before” And Possibly “Never Again” Such an Offering on Smith Mountain Lake!

Auction Tract 1: 14.377± Acres. Nice wooded tract close to the lake
Auction Tract 2: 20.608± Acres. 754′ Water Frontage. Large wooded waterfront property with additional access off Montevista Road
Auction Tract 3: 14.494± Acres. 514′ Water Frontage.  Waterfront wooded lot with mountain views
Auction Tract 4: 19.335± Acres, 812’ of waterfront, sandy beach, big water view
Auction Tract 5: 6.763± Acres. 318′ Water Frontage. Big water/mountain view from a wooded lake lot
Auction Tract 6: 5.2± Acres. 326′ Water Frontage. Nice gently sloping lot with big water views, some open land
Auction Tract 7: 5.2± Acres. 455′ Water Frontage. Long water frontage with wide water views
Auction Tract 8: 5.223± Acres. 369′ Water Frontage. Nice gently sloping lot with its own private cove
Auction Tract 9: 5.147± Acres.  615′ Water Frontage.  Partial point lot, big water views and lots of water frontage
Auction Tract 10: 5.221± Acres.  917′ Water Frontage.  The best of the best over 900 feet of water frontage and big point looking at big water and Smith Mountain
Auction Tract 11: 5.176± Acres. 794′ Water Frontage. Amazing semi point lot, main channel, lots with awesome views. Nice! Nice! Nice!
Auction Tract 12: 5.205± Acres.  779′ Water Frontage. Beautiful waterfront lot with big water views
Auction Tract 13: 5.966± Acres. 838′ Water Frontage.  Nice level waterfront lot with gentle slope, open fields and woodland
Auction Tract 14: 7.873± Acres.  551′ Water Frontage.  Amazing waterfront lot, wildlife galore and large open field
Auction Tract 15: 12.264± Acres.  667′ Water Frontage.  Nice private lake lot feels very secluded. Part wooded and part open fields
Auction Tract 16: 17.032± Acres.  444′ Water Frontage.  Great waterfront lot, open and wooded land
Auction Tract 17: 5.187± Acres.  478′ Water Frontage.  Open field and woodland area, long water frontage
Auction Tract 18: 5.2± Acres.  559′ Water Frontage.  Long view and lovely point lot
Auction Tract 19: 5.372± Acres.  632′ Water Frontage.  Great beach lot with amazing view
Auction Tract 20: 5.142± Acres.  1,019′ Water Frontage.  One of the best! 1,019 feet of big water frontage!!! And a beach
Auction Tract 21: 5.383± Acres.  834′ Water Frontage.  This is the one with 4’ x 8’ banner sign, you have seen it from the water. Another top pick. Mostly open pasture
Auction Tract 22: 5.193± Acres.  862′ Water Frontage.  Check out this view for sure. Looking back into Bull Run, mostly open, long waterfront
Auction Tract 23: 5.05± Acres.  488′ Water Frontage.  This is a waterfront point lot. Mostly open
Auction Tract 24: 5.15± Acres.  661′ Water Frontage.  Great building site and look at how gentle to water it is
Auction Tract 25: 5.2± Acres.  388′ Water Frontage.  Point lot with great view up Bull Run
Auction Tract 26: 5.2± Acres.  437′ Water Frontage.  Just like 25 an amazing lot with open pasture
Auction Tract 27: 5.196± Acres.  321′ Water Frontage.  Nice waterfront lot, open land
Auction Tract 28: 5.3± Acres.  227′ Water Frontage.  Nice waterfront lot with gentle slope, mostly open
Auction Tract 29: 8.044± Acres.  220′ Water Frontage.  Look at buying this one and add 30 – 31 and maybe 32. Look at what an amazing place you would put together
Auction Tract 30: 18.927± Acres.  764′ Water Frontage.  Nice waterfront lot
Auction Tract 31:30.487± Acres.  Nice, private, heavily wooded building tract
Auction Tract 32: 31.278± Acres.  Nice, private, wooded building tract
Auction Tract 33: 21.92± Acres.  Nice building tract on Dillards Hill Road
Auction Tract 34: 15.811± Acres.  Nice building tract on Dillards Hill Road
Auction Tract 35: 12.832± Acres.  Nice wooded tract on Dillards Hill Road


Auction Tract 36: 26± Acres. 658′ Water Front. 6 Bedroom, 8 Bath Manor Home.
Appalachian Power Company and Franklin Real Estate have decided to offer their beloved Penn Hall Manor to the public. This cherished property will be offered with 26 private acres having 658 feet of water frontage. The Penn Hall Manor was formally owned by the Brown family and was known as the B-Bar-B Ranch. During those years the home acted as the nucleus of the farm, having 6 bedrooms and 8 baths (6 above grade, 2 in basement), commercial kitchen and lots of areas to enjoy the peaceful surroundings. This property is perfect for a wedding venue, event center, corporate retreat or just a quiet, private family compound. There is a large barn also as part of the grounds that could be used for everything from storage to event related uses.
Auction Tract 37: Brick house on 4 acres. This house has 3 bedrooms and 1 bath with a full basement. It is located at the entrance of Penn Hall Manor and would make for a great caretaker/staff home for Penn Hall. This home was used by AEP as office space. This property is being sold subject to a lease to AEP for the following 12 months.

Directions

Old Franklin Turnpike (Rte. 40) at Union Hall turn North on Kemp Ford Road (Rte. 945). Go 1.5 miles and turn right onto Dillards Hill Road (Rte. 663). Go 1.6 miles and property will be on the right.

Articles

Virginia’s Smith Mountain Lake Has Been Named One Of The Best On The East Coast

Click to View Article

Smith Mountain Lake’s 356-acre Penn Hall tract heading to auction later this year

Click to View Article

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 noon on Wednesday, December 1, 2021. 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

1. REGISTRATION: Bids will be accepted only from registered bidders. Registration begins at 3:00 PM. Please bring a driver’s license for identification.
2. AUCTION SALE: The property is being 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 assumes 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.
8. AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER.
9. LEAD PAINT: The homes 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 Woods Rogers PLC, Escrow Agent. 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 January 18 – April 26, 2022. 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. Refer to survey for exact boundary locations.
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.

For Online Bidding Instructions, please contact a sale manager for  
  “The Shores of Penn Hall” & “The Manor at Penn Hall.”
Russell Seneff- 540-765-7733,   Jim Woltz- 540-353-4582,   or Kara Ferguson- 540-797-7711

 

Real Estate Auction: The Manor at Penn Hall

Appalachian Power and Franklin Real Estate have decided to offer their beloved Penn Hall Manor to the public. This cherished property will be offered with 26 acres and 658 feet of water frontage. The Penn Hall Manor was formerly owned by the Brown family and was known as the B-Bar-B Ranch. During these years the home acted as the nucleus of the farm. When Appalachian purchased the Penn Hall Manor, they made some wonderful improvements and used this property as a training center for a number of years. Now they are offering this property to you at auction. Come bid your price for this lovely home and acreage on Smith Mountain Lake.

Total Bedrooms: 6
Total Full Baths: 8 (6 above grade, 2 in basement)

Entry Above Grd Finished SF: 2,642±
Upper Above Grd Finished SF: 2,641±
Other Below Grd Finished SF: 910±
Total Above Grd Finished SF 5,283±
Total Finished SF: 6,193±
Grand Total Attached SF: 6,193±

Schools

Elementary School: Glade Hill
Middle School: Ben Franklin Middle
High School: Franklin County

 

Also being offered during this event 356 Acres with 3.2 miles of lake frontage 36 parcels / 29 Lakefront.

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 noon on December 1, 2021. 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

1. REGISTRATION: Bids will be accepted only from registered bidders. Registration begins at 3:00 PM. Please bring a driver’s license for identification.
2. AUCTION SALE: The property is being 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 assumes 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.
8. AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER.
9. LEAD PAINT: The homes 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 Woods Rogers PLC, Escrow Agent. 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 January 18 – April 26, 2022. 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. Refer to survey for exact boundary locations.
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.

For Online Bidding Instructions, please contact a sale manager for  
  “The Shores of Penn Hall” & “The Manor at Penn Hall.”
Russell Seneff- 540-765-7733,   Jim Woltz- 540-353-4582,   or Kara Ferguson- 540-797-7711

 

SOLD – Trillium Hills Farm Auction: 382 Acres Offered in 5 Tracts

Buying Real Estate Has Never Been Easier!

Auction Date & Location 
Tuesday, November 23, 2021, at 3 PM – Botetourt Country Club, 2414 Country Club Rd Troutville, VA 24175 or

This magnificent 382± acre country estate located in Botetourt County, Virginia, consists of 118± acres of rolling fenced pastures and 264± acres of mixed hardwoods. The property boasts a 3,520± SF stone and log retreat overlooking the pastures and distant mountain views. The grand entrance opens to vaulted ceilings, exposed beams, and a floor-to-ceiling stone fireplace in the great room. The kitchen is complete with granite countertops and a gas range. Just down the hallway are an indoor heated saltwater pool and hot tub surrounded by windows that allow natural light to illuminate the area. Enjoy peaceful sunsets and distant mountain and countryside views from the balcony of the main level master suite. The property also includes a 1,200 SF, 1.5-story, vinyl-sided home with two bedrooms and one full bath on 1.25 acres.

There are multiple barns and outbuildings, bold streams, trails as well as a small cabin by a spring-fed pond. Mature hardwoods and abundant wildlife can be found throughout the property. There is a multitude of uses this property offers such as a farm, hunting retreat, wedding venue, or a country estate to call home.

This property is only ten minutes to the town of Fincastle and just under 20 minutes to the Daleville Town Center.

Tract 1: (UNDER CONTRACT) Beautiful 31.38 acres consisting of a good mix of pastures, hardwood forests and offers views of the surrounding mountains. The countryside setting this tract exudes offers a multitude of uses from building your dream home, mini horse farm, recreational tract, or weekend retreat. Bid individually on this tract or combine it with other tracts.

Tract 2: (UNDER CONTRACT)  There are endless possibilities this 10.72-acre tract offers. This fabulous tract is mostly open but has a small pocket of hardwoods toward the top of the property and beautiful surrounding mountain views. This is a great size house tract, weekend retreat, or group the 10.7 acres with other tracts to create more acreage.

Tract 3: (UNDER CONTRACT) SOLD ABSOLUTE – 30 Trillium Hills Way Rd, Fincastle, VA 24090 – This 1,200 SF 1.5 story four bedroom and one full bath vinyl-sided home built in 1995, is situated on 1.25 acres and would be ideal as a home, rental, or a guest house for a farm employee for the entire property. One bedroom with closet, three rooms have no closets but are decorated as bedrooms. There is an attached single car garage. Nice level topography surrounds this home and with 1.25 acres there is plenty of space to relax and enjoy. Being sold ABSOLUTE to the highest bidder regardless of price.

Tract 4: (UNDER CONTRACT) 185 Trillium Hills Way, Fincastle, VA 24090 – This tract offers 126.51 acres of a good mix of fenced pastures and hardwoods creating an ideal tract with multiple uses. It includes a fabulous 3,520 SF log and stone home with stunning views of the rolling pastures and surrounding mountains. Four bedrooms and three baths, floor-to-ceiling stone fireplace, granite countertops, indoor heated pool, and hot tub plus a two-car detached garage. This home has it all (furnishing in photos not included).

Outbuildings on the property include a:

  • 3,865± SF Steel frame and metal roof outbuilding-equipment storage & more (located behind the home)
  • 6,145± SF Steel frame and metal roof- hay storage/equipment
  • 3,845± SF Covered barn/shed
  • 2,640± SF Metal building with concrete floor-shop and overhead door- workshop space and storage
  • 1,430± SF Wooden 2-bay equipment shed

Tract 5: This large land tract consisting of 212.87 acres has fenced pastures and mature hardwoods forest with multiple trails throughout. Ideal building sites atop the pastures with long-range views. There is a spring-fed pond, a small shed-style cabin, and multiple springs/streams through the entire tract. This would make a great farm tract, hunting retreat, homesite with large acreage, or a place to get away.

GPS Address: 185 Trillium Hills Way, Fincastle, VA 24090

Directions

From I-81 Exit 150 B toward Fincastle – appx 11 miles on US220 turn left onto STR 655/Old Fincastle Rd for 3.5 miles and turn right onto Trillium Hills Way.

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 noon on Monday, November 8, 2021. 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 for Live Bidding

185 Trillium Hills Way, Fincastle, VA 24090
November 23, 2021 at 3:00 PM EST
Registration for live bidding starts at 2:00 PM EST

  1. AUCTION SALE:  The Property will be sold subject to seller confirmation.  The 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. Bidding signifies you have read and are in agreement with the terms and conditions of the auction. If you do not agree with the terms and conditions of this auction Do Not Bid!
  2. FINANCING:  Your bidding and purchase of the property are NOT CONDITIONAL UPON FINANCING.  Be sure you have arranged financing, if needed, and are capable of paying cash at settlement.
  3. LIABILITY:  Bidders inspecting property enter at their own risk.  Auction Company assumes no risk for bodily injury or damage to personal property.
  4. ANNOUNCEMENTS:  Announcements on day of sale take precedence over all prior releases, verbal and written, concerning this auction sale.
  5. BIDDING: The auctioneer will determine all bid increments. All decisions by the auctioneer regarding bid acceptance are final. Auction tract 3 is being sold absolute and may not be combined with any other tract unless Seller confirms sale during auction. Only then can tract 3 be combined with any other tract or tracts. Auction tracts 1, 2, 4, and 5 may be combined in any combination during the auction or sold individually.
  6. BUYER’S PREMIUM:  The Buyer’s Premium on the real estate is five percent (5%) of the high bid amount.  The Buyer’s Premium will be added to the high bid to determine the final contract sales price.
  7. AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER.
  8. REAL ESTATE DEPOSIT: The Buyer is required to pay a deposit in the amount of ten percent (10%) of the contract sales price and sign an Auction Real Estate Purchase Agreement on the day of sale.
  9. REAL ESTATE DEED AND POSSESSION:  The real estate will be conveyed by general warranty deed to be prepared at the expense of the Seller and the cost of Virginia Grantor’s tax shall be borne by the Seller. It is agreed the Property is being conveyed 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 7, 2022.  The contract to purchase is not assignable. Possession of the Property shall be given to the buyer at settlement.
  10. BOUNDARY LINES: Boundaries on aerial photos, topographic maps, and otherwise, are approximate and are subject to verification by all parties relying on them. Please refer to the survey(s) of the property provided by Seller and Auction Company.
  11. GENERAL: The information contained in the brochure, on woltz.com, all advertising and the Bidder’s Information Packet is subject to verification by all parties relying on them.  No liability for its accuracy, error, or omissions is assumed by the Seller or the Auction Company.

Terms & Conditions of Auction for Online Bidding

185 Trillium Hills Way, Fincastle, VA 24090
November 23, 2021, at 3:00 PM EST
Bidding starts at 3:00 PM EST
Registration and receipt of deposit for online bidding must be completed by
November 16, 2021, by 5:00 PM EST

  1. AUCTION SALE:  The Property will be sold subject to seller confirmation.  The 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. Bidding signifies you have read and are in agreement with the terms and conditions of the auction. If you do not agree with the terms and conditions of this auction, Do Not Bid!
  2. FINANCING:  Your bidding and purchase of the Property are NOT CONDITIONAL UPON FINANCING.  Be sure you have arranged financing, if needed, and are capable of paying cash at settlement.
  3. LIABILITY:  Bidders inspecting property enter at their own risk.  Auction Company assumes no risk for bodily injury or damage to personal property.
  4. ANNOUNCEMENTS:  Announcements on day of sale take precedence over all prior releases, verbal and written, concerning this auction sale.
  5. BIDDING: The auctioneer will determine all bid increments. All decisions by the auctioneer regarding bid acceptance are final. Auction tract 3 is being sold absolute and may not be combined with any other tract unless Seller confirms sale during auction. Only then can tract 3 be combined with any other tract or tracts. Auction tracts 1, 2, 4, and 5 may be combined in any combination during the auction or sold individually.
  6. BUYER’S PREMIUM:  The Buyer’s Premium on the real estate is five percent (5%) of the high bid amount.  The Buyer’s Premium will be added to the high bid to determine the final contract sales price.
  7. AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER.
  8. REAL ESTATE DEPOSIT: In order to bid online, the bidder must place a deposit with Woltz & Associates, Inc. Escrow in the amount equal to ten percent (10%) of the contract sales price, the maximum bid plus the five percent (5%) buyer’s premium by an official check payable to Woltz & Associates, Inc. Escrow or via wire transfer at bidder’s expense. For wire transfers, there is a $25 wire fee to be included with the deposit payment. The deposit must be received by Woltz & Associates, Inc., by November 16, 2021, by 5:00 PM EST.  Deposits of unsuccessful bidders will be returned in full and mailed on the next business day after auction.
  9. AUCTION REAL ESTATE PURCHASE AGREEMENT: The successful bidder(s) must sign an Auction Real Estate Purchase Agreement via electronic delivery by 12:00 PM EST, November 24, 2021.
  10. REAL ESTATE DEED AND POSSESSION:  The real estate will be conveyed by general warranty deed to be prepared at the expense of the Seller, and the cost of Virginia Grantor’s tax shall be borne by the Seller. It is agreed the Property is being conveyed 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 7, 2022.  The contract to purchase is not assignable. Possession of the Property shall be given to the Buyer at settlement.
  11. ONLINE BIDDING DISCLAIMER: Woltz & Associates, Inc., its affiliates, partners, and vendors, make no warranty or guarantee that the online bidding system will function as designed on the day of sale. Technical problems can and sometimes do occur. If a technical problem occurs and you are not able to place your bid during the live auction, Woltz & Associates, Inc., its affiliates, partners and vendors will not be held liable or responsible for any claim of loss, whether actual or potential, as a result of the technical failure. Bidder acknowledges and accepts this offer to place bids during a live auction over the Internet in lieu of actually attending the auction is a personal convenience.
  12. BOUNDARY LINES: Boundaries on aerial photos, topographic maps, and otherwise are approximate and are subject to verification by all parties relying on them. Please refer to the survey(s) of the Property provided by Seller and Auction Company.
  13. GENERAL: The information contained in the brochure on woltz.com, all advertising, and the Bidder’s Information Packet is subject to verification by all parties relying on them.  No liability for its accuracy, error, or omissions is assumed by the Seller or the Auction Company.

SOLD – Real Estate Online Auction: 6,747 SF –Two-Story Mediterranean Style – 5 Bedrooms – 5.1 Baths – Located within the Chatmoss Country Club

This beautiful two-story “Classical Revival” home was built in 1992 and was modeled after the original 12,000-square-foot version named “The Masco House”, which was constructed in Atlanta in the ’90s’ and is a Scholz Design.  The home is situated on 2.2 acres in Martinsville, Virginia within the Chatmoss Country Club and across from the fairway of the first hole of the golf course.  

This impressive home is truly one of a kind.  The attention to detail can be seen in every room – from coffered ceilings and marble accents to extensive crown molding.  The sellers have made several major updates recently, including a new roof, stucco repairs with a certified inspection and 1-year warranty, and major upgrades to exterior landscaping.  This home is move-in-ready and will move fast!  Call today!

  • Water and sewer is public, no septic tank
  • Electrical service is AEP
  • CenturyLink can do internet and cable
  • Gas service through Southwestern Virginia Gas – used for stove and fireplaces
  • The top floor has two full bathrooms
  • The main level has three full bathrooms and 1 half bathroom
  • Annual taxes: $3,866

SOLD – Thousand Islands Auction

Clayton, New York
THOUSAND ISLANDS AUCTION
6 Valuable Properties Offered at Auction at the Clayton Opera House
Sold

Sale 1 – Tracts 1, 2, 4, 5, 6, 7

Fox Run – On the magnificent Palisades along the St. Lawrence

Fox Run37247 NY State Route 12E , Clayton, NY, 13624, Jefferson County. This incredible villa with its Italian influence will be offered with 27± beautiful acres. It includes the nationally recognized gardens and grounds accredited and included in the Archives of American Gardens at the Smithsonian Institute. Having been the focus of many magazine articles and stories, this home offers unmatched surroundings and is one of the most spectacular waterfront properties in the 1000 islands region. Waterfalls along a small stream, flowing fountains, stone sculptures, pebbled walking trails, quiet sitting areas all embrace the privacy of this exclusive estate. There is a wonderful secluded garden house that looks like a fairy tale palace offering a peaceful retreat within the grounds. The crystal clear water of the St. Lawrence River splashes on the shoreline for almost 765 feet helping secure its uniqueness. A 50’ boat dock offers easy docking and access to enjoy this one of a kind water wonderland. The home encompasses approximately 6,000 square feet of incredible space having a magnificent 945 sq. ft. entertaining room with 10 foot ceilings and floor to ceiling windows. From the home’s perch on the rock bluff, one is introduced to some of the most exciting views of the St. Lawrence River and the spectacular sunsets over Lake Ontario. The property will be offered in two tracts, one with the manor home and 22 acres, the other with 5.8 acres and the garden house. Both will have river frontage. Suggested opening bid $1,500,000 for Tract 1. Shown on Inspection Dates or by appointment.

Directions: From Clayton – West on Rt. 12E towards Cape Vincent 4.6 miles. Tracts 1 and 2 are on the right; Tracts 4 and 5 on the left; Tract 6 and 7 front on Pelo Rd. From Cape Vincent – 12E towards Clayton, go 10.3 miles.

Sales 1 and 2 – Tracts 1 thru 9

Fox Run Aerial Lion’s Head Aerial

Tract 1 – Fox Run – 22± acres
6000± sq foot Italian villa with 515± feet of frontage on the St. Lawrence River, nationally renowned gardens and incredible grounds, 50’ boat dock, big views of the river.

Tract 2 – Fox Run – 5.8± acres
240± feet of river frontage, a quaint garden house with beautiful arched windows overlooking the gardens and fountains which have been the centerpiece of many articles by national garden magazines.

Tract 3 – Lion’s Head 15.6± acres
5600± sq ft of beautifully finished space, 5 bedrooms, 4.5 baths, 5 fireplaces, huge outdoor stone patio, a swim
platform on the river, large garage and a detached timber frame barn/workshop with an upstairs loft area and 470± feet of river frontage perfectly blended with the existing conservation easement.

Tract 4 – 23.15± acres
Frontage on Route 12E. It is open, level hay/pasture land that would make a great recreational property or farming tract. The existing conservation easement allows for horse/cattle barns, farm buildings and related structures in addition to a residence of your size and design. Sold without Reserve.

Tract 5 – 97.95± acres
Long frontage on 12E just across from tracts 1-3. This is a great agricultural and recreational tract which has the same opportunities as tract 4 with the addition of owning 1/2 of a large duck pond which was installed with the help of Ducks Unlimited and the Corps of Engineers. Sold without Reserve.

Tract 6 – 29.2± acres
Frontage on Pelo Rd. This open, rolling tract has unlimited potential as a development tract, agricultural/ farming or recreational property. It is enhanced by having the property on two sides in a conservation easement. There are great tax benefits, both Federal and State, by placing this in a conservation easement. Please see the link to
the Thousand Islands Land Trust site for additional information. Sold without Reserve.

Tract 7 – 91.9± acres
Long frontage on Pelo Rd. A duck hunters paradise. This tract would be a wonderful recreational boundary which has the other half of the large duck pond mentioned in tract 5. This property is currently under a 30 year easement with the Natural Resource Conservation Service that has 28 years remaining at which time it becomes an unrestricted tract. Sold without Reserve.

Tract 8 – 33.8± acres
Frontage on Pelo Rd. This track has a beautiful 3 acre building envelope with the balance of the land being left in its natural state which is in a conservation easement. This property joins the NRCS easement with the duck pond/habitat. Sold without Reserve.

Tract 9 – 16.72± acres
Excellent home site. This remarkable waterfront parcel offers majestic views of the St. Lawrence River and Canada. Lovely meadow and cedar and hemlock woods. 507 feet of waterfront. Good frontage on public road but no driveway yet established. Protected by conservation easement.

Terms & Conditions (Sales 1- 6):

REGISTRATION: Bids will be accepted only from registered bidders. Registration begins at 10:00 AM. Please bring a driver’s license for identification.
AUCTION SALE: Sale 1 – Tracts 4 thru 7; Sale 2 – Tract 8; and Sale 4 – Tracts 1 and 2 will be sold absolute to the high bidder. Sale 1 – Tracts 1 and 2; Sale 2 – Tract 3; Sale 3; Sale 5 – Tracts 1 thru 6; and Sale 6 will be sold subject to Seller confirmation of the high bid.
ALL 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.
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 as offered at the auction. 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: Schrader Real Estate & Auction Company, Inc., (Rex D. Schrader, Broker NY#32SC1115028), Woltz & Associates, Inc. (Auctioneers) and their representatives REPRESENT THE SELLERS.
LEAD PAINT: Some of the residential property in this auction was 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. For property built prior to 1978, 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.
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: Menter, Rudin & Trivelpiece, P.C., Counselors at Law for Sale 2. For all other properties, checks should be made payable to: Schwerzmann & Wise, P.C. Personal checks will be approved subject to collection 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 warranty deed or fiduciary 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 September 29, 2008 for Sale 3. Settlement is due on or before October 29, 2008 for Sales 1, 2, 4, 5 and 6. Property will be deeded to the registered bidder in the manner purchased at the auction.
BOUNDARY LINES: Boundaries on aerial photos and topo maps are approximate. Refer to the survey for exact boundary locations of each property.
BROKER PARTICIPATION: A 2% Buyer Referral Fee will be paid to the appropriately licensed real estate broker whose prospect successfully closes on the property sold in this auction. The referral fee is based upon the actual purchase price and will be paid at closing from the proceeds of the sale. Brokers must strictly follow all guidelines set by Schrader Real Estate & Auction Co., Inc. and must be registered by 5:00 PM (EDT) Wednesday, August 27, 2008. Call Auction Company for details and Broker Registration Forms or download the guidelines and form (PDF format) .
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.

Sale is being held in conjunction with Exit More Real Estate.