Trillium Hills Farm Auction: 382 Acres Offered in 5 Tracts

Public & Online – Bid in Person or Online
Buying Real Estate Has Never Been Easier!

Auction Date & Location & Online
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: 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: 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: 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: 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. 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.
  3. 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.
  4. LIABILITY:  Bidders inspecting property enter at their own risk.  Auction Company assumes no risk for bodily injury or damage to personal property.
  5. ANNOUNCEMENTS:  Announcements on day of sale take precedence over all prior releases, verbal and written, concerning this auction sale.
  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 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.
  9. 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.
  10. BIDDING AND SOFT CLOSE: The Soft close will allow extended bidding until no bids are placed for five minutes. If a bid is placed within the last five minutes an additional five minutes will be added to ensure everyone gets time to place their bid.
  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 for online bidding must be completed by November 23, 2021 at 3:00 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. 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 within twenty-four hours (24) of sale day executed and delivered via email. Buyer may wire funds or overnight a cashier’s check for the earnest money deposit at buyer’s expense.  There is an incoming wire fee at Buyer’s expense of $25.00. 
  3. 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.
  4. LIABILITY:  Bidders inspecting property enter at their own risk.  Auction Company assumes no risk for bodily injury or damage to personal property.
  5. ANNOUNCEMENTS:  Announcements on day of sale take precedence over all prior releases, verbal and written, concerning this auction sale.
  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 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.
  9. 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.
  10. BIDDING AND SOFT CLOSE: The Soft close will allow extended bidding until no bids are placed for five minutes. If a bid is placed within the last five minutes an additional five minutes will be added to ensure everyone gets time to place their bid.
  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.

 

Great Blue Ridge Mountain 2021 Auction

 

More information coming soon.

Real Estate Auction: 180.9 Acres Offered in 5 Tracts

  • Multiple Potential Building Sites
  • Abundant Wildlife
  • Mostly Wooded Land With Some Valuable Timber
  • Recently Surveyed
  • Great Potential for Agricultural, Residential, and Recreational Uses
  • Mountain and Countryside Views

Directions

FROM DOWNTOWN ROANOKE; Take Elm Ave. SW 4 miles and turn right onto E Washington Ave. (Route 24). Travel 11 miles and take left onto Dickerson Mill Rd. Travel 2 miles and take left onto Rocky Ford Rd. Travel .9 miles to property on right. To access Tracts 4 and 5 enter at driveway and follow signs. Tracts 1-3 can be accessed from Rocky Ford Rd (see signs along Rd).

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 July 21, 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 the Auction

  1. REGISTRATION:  Bids will be accepted only from registered bidders.  Registration begins at 2 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” including the buildings on Tracts 4 & 5, 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 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.
  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 general 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 September 10, 2021.
  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. 

SOLD – A Recreational Paradise – Land Auction: 2,395± Acres

Invest in Your Own Recreational Paradise!

Bidding Opens: April 1, 2021 – 8:00 AM 
Closes April 28, 2021 – 1:00 PM (Soft Close)
Bid online at https://woltz.hibid.com/

 

Smyth County, Virginia Tracts

 

NOTICE TO POTENTIAL BIDDERS FOR AUCTION TRACTS 2, 3 AND/OR 4:

Seller will include in the Seller’s conveyance of Auction Tracts 3 and 4 any and all rights of ingress and egress to and through Tracts 2 and 3 that Seller may have, along the existing dirt road, for the benefit of Auction Tracts 3 and 4, without any representation or warranty of any kind with respect to such rights.

Seller’ s willingness to include such rights in any conveyance of Auction Tracts 3 and 4 is subject to the Seller finding bid prices for each such Tract to be acceptable, in the Seller’s sole discretion.

Auction Tracts 1-4: Horton Hollow Road, just off of Cussing Hollow Road – 938.93± Acres. These contiguous tracts total 938.93± acres, and will be offered in four tracts. Great recreational and investment opportunities. There are miles of roads and trails throughout, along with abundant game and wildlife. Sold “as is.”

We are selling all tracts in this auction “As-Is.”  The access for Tracts 2-4 from Horton Hollow Rd has been disputed by the neighbors adjoining this property.  Based on the Seller’s information and the title information we’ve received, we dispute those claims based on a previous survey that was performed for Independence Lumber and previous deed language discovered from the title search. However, Fidelity title company has stated that because the access is being disputed, that they would NOT insure access to the property at this time.  The existing interior roads on tract 2 eventually go off of tract 2 onto on the adjoining landowner and we do NOT have deeded access to continue through their property onto tracts 3 and 4 as the existing roads lead.  For this reason, a new road from Tract 2 through tract 2 onto tract 3 and 4 may need to be built at any new owner’s expense to access tracts 3 and 4. We have posted the title search for these tracts on the website for you to review. There is no insurable access to Tracts 2-4.

Auction Tract 5: Lick Creek – 83.53± Acres. This tract is 2,600 feet in elevation with fantastic high knoll views of surrounding mountains and valleys. An old timber road from Lick Creek Rd. leads to the property. This potential access is undefined and not insurable for ingress and egress. Sold “as-is.”

Directions: Tract 5: No Access.  Call agents for details. Preview not possible.

Washington County, Virginia Tracts

 

Auction Tracts 6-7: Catt Property & Toole Creek Tracts – 413.71± Acres. These three contiguous tracts total 413.71± acres. Two tracts front along Route 611, North Fork River Road. Property has mature hardwoods throughout and an abundance of wildlife. A great timber investment and hunting/recreational paradise. Sold “as is.”

Directions: Tracts 6, 7: From Abingdon follow ALT 58 North to exit onto Brumley Gap Rd. Turn right onto Trout Rd and left onto N. Fork River Rd. Follow signs to the property. . Call agents for details. Preview anytime.

Auction Tract 8: Hanger Hollow Tract – 15.60± Acres. Long range views from high knoll. There is an undefined deeded right of way for ingress/egress. This potential access is not insurable. Fall colors are spectacular. Sold “as-is.”

Tract 8: No Access. Call agents for details. Preview not possible.

Auction Tract 9: Collins Hollow Tract-823.66± Acres. This 823.66± acre mountain top tract has multiple roads and trails throughout and is an ideal hunting and recreational paradise. Abundant wildlife. Easy access via a deeded right of way from Red Fox Lane. Sold “as is.”

Directions: Tract 9: From Emory and Henry College off I-81 – drive East on Hillman Hwy, turn left onto Old Mill Rd. Take left onto Clinchburg Rd. Take left onto Red Fox Ln and follow the signs to the property. Call agents for details. Preview anytime.

Russell County, Virginia Tract

 

Auction Tract 10: Cleveland Property – 120.25± Acres. This 120.25±-acre tract has 500± feet of frontage along Clinch River and approximately 890± feet of road frontage on both sides of Carbo Road. The 5± acres between Carbo Road and Clinch River has an old homesite above the river, ideal for your future cabin. There are numerous interior trails throughout the property. This is a great hunting and recreational tract. Sold “as is. “

Directions: Tract 10: From Lebanon VA drive North on Cleveland Rd until you get to the Town of Cleveland VA. Turn slight left just past the bridge onto Ivy Ridge Rd which turns into Carbo Rd. Follow the signs to the property. Call agents for details. Preview anytime.

BROCHURE CORRECTION: The minimum bid for Tract 7 is $31,100, not $3,110 as noted on the brochure.

Terms & Conditions of Auction for Online Bidding

Independence Lumber
Russell, Smyth and Washington Counties, Virginia

Bidding Starts: Thursday, April 1, 2021, 8:00 AM ET
Bidding Ends: April 28, 2021, 1:00 PM ET

  1. AUCTION SALE:  The Property will be sold subject to Seller’s confirmation that the contract sales price is at or above the reserve price and subject to execution of the Auction Real Estate Purchase Agreement as required in Paragraph 2. 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. 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 within twenty-four hours (24) of sale day, executed and delivered via email. Buyer may wire funds ($25.00 wire fee) or overnight a cashier’s check for the earnest money deposit at Buyer’s expense.
  3. 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.
  4. LIABILITY:  Bidders inspecting property enter at their own risk.  Auction Company assumes no risk for bodily injury or damage to personal property.
  5. ANNOUNCEMENTS:  Announcements on day of sale take precedence over all prior releases, verbal and written, concerning this auction sale.
  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 DEED AND POSSESSION:  The real estate will be conveyed by a Quit-claim 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 June 11, 2021.  The contract to purchase is not assignable.  Possession of the Property shall be given to the buyer at settlement.
  9. BOUNDARY LINES:  Boundaries on aerial photos, topographic maps, and otherwise, are approximate and are subject to verification by all parties relying on them.
  10. SALE IS SUBJECT TO COURT APPROVAL: The auction is being conducted for the Receiver appointed in the case of First National Bank of Pennsylvania v. Independence Lumber, Inc., in the United States District Court for the Middle District of North Carolina (Case No. 1:20CV637), and the sale is subject to approval of the Court.  The Receiver will request Court approval promptly after the signing of the Auction Real Estate Purchase Agreement and receipt of the Buyer’s deposit.  If approved, the Court Order will provide for the Buyer to receive at settlement title to the property free and clear of all liens, claims, and encumbrances.
  11. BIDDING AND SOFT CLOSE: The Soft close will allow extended bidding until no bids are placed for five minutes. If a bid is placed within the last five minutes an additional five minutes will be added to ensure everyone gets time to place their bid.
  12. BROCHURE CORRECTION: The minimum bid for Tract 7 is $31,100, not $3,110 as noted on the brochure.
  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.

All documents below collectively make up the complete Bidder’s Packet for all Auction Tracts.

SOLD – Sealed Bid Real Estate Auction: 2,057± Acres of Timberland on Purgatory Mountain

The Purgatory Mountain tract is a 2,057± acre timberland tract located just north of Roanoke in Botetourt County with easy access from I-81.  Cartmill Gap is a major feature of the property.   This timberland tract has several access points and has a good interior network of all-weather roads. The tract supports stands on mixed Appalachian hardwoods. A major feature of the tract is a beautiful and secluded mountain top meadow.  Several small streams are found on the property. Wildlife species include deer, turkey, bear and other small game species. 

More information coming

SOLD – Land Auction: Indiana Hardwood Timberland

Session A: 6,256± Acres – 64 Tracts in Martin, Lawrence & Orange Counties, IN

  • Mostly Upland Hardwoods – Oak, Walnut, Maple, Poplar
  • Sawtimber with Well Managed Timber Stands
  • Building Sites, Hunting & Recreational Tracts
  • Good Access with Most Having Public Road Frontage

HIGHLY PRODUCTIVE SOILS FOR QUALITY HARDWOOD GROWTH!
These properties support mostly upland hardwoods such as white oak, red oak, sugar maple, black walnut, black cherry and yellow poplar with a significant volume of sawtimber. It is currently estimated that the Indiana tracts support approximately 28,000,000 Bd/Ft. of sawtimber. The timber has been well managed with an overall management goal of producing quality sawlogs. Timber harvesting has been performed for the most part by company crews employing a selective system of harvesting. Trees selected for removal included not only stems that have reached maturity, but also trees of poor quality and less desirable species, therefore, improving the overall quality of the growing stock. Access is generally good with many tracts having frontage on public roads. Several properties have shared boundaries with the Hoosier National Forest.

PROPERTY DESCRIPTION:

TRACT 1: Orange Co. 140± Acres. High quality hardwoods ready for a second rotation select cut. Species include hard maple and white oak. Road frontage along CR 425N.

TRACT 2: Orange Co. 273± Acres. Rolling topography made up mostly of quality mature hardwood stands with scattered pine mixed in. Potential building site with public water available. Unique subsurface Lost River on the property as well as a mixed hardwood stand including hard maple and white oak.

TRACT 3: Orange Co. 270± Acres. Rolling woodland with frontage on hard surface CR 775N with a mixture of hardwoods and pines. Public water is available. A good potential development tract. There are field plantings from the 1990’s and mixed hardwoods including yellow poplar, white oak, and red oak. Excellent wildlife habitat.

TRACTS 4-5: Orange Co. 114± Acres. Quality hardwood stands with road frontage on two sides. Just minutes from Paoli and SR 37. The property supports a mixed hardwood stand including yellow poplar.

TRACTS 6-10: Orange Co. These tracts adjoin Hoosier National Forest and contain the following predominate species: white oak, red oak, and hard maple.
Tracts 6-7: 435± Acres. Mostly hardwoods with white oaks having a high percentage of veneer class trees. Walnut plantations in the bottoms planted in the 1960’s and ready for select harvests in 20 years. Topography is rolling with Sulphur Creek running through it and several scenic rock bluffs. Excellent habitat for wildlife. Tracts border the Hoosier National Forest.
Tracts 8-9: 125± Acres. Quality mature hardwood stands with good access and county road frontage. Tracts border the Hoosier National Forest.
Tract 10: 88± Acres. Hardwood stand, selectively cut in 2001. This tract is surrounded by the Hoosier National Forest. Vehicle access has been granted temporarily and periodically on a private road through the Hoosier National Forest. Permanent vehicle access would need to be negotiated with the USFS.

TRACTS 11-14: Martin Co. 195± Acres. These tracts vary in size from 20 acres to 80 acres, quality hardwood stands with county road frontage. There are old field plantings of loblolly pine and yellow poplar from 1976 and mixed hardwoods of white oak, yellow poplar, northern red oak, black oak, and ash. These tracts border the Martin State Forest.

TRACTS 15-22: Martin Co. 527± Acres. These tracts vary in size from 36 acres to 85 acres with frontage on US 50 & Sutton Rd. Public water is available along Sutton Rd. Imagine the possibities! These tracts include native hardwoods and field plantings of loblolly, virginia, and shortleaf pine. Dominate hardwood species include yellow poplar and black walnut.

TRACT 23: Lawrence Co. 95± Acres. A secluded tract, all wooded with county road access. Adjoins the Martin State Forest. Dominant species include white oak and black oak.

TRACTS 24-27: Martin Co. 292± Acres. Wooded with hardwoods and pines. White River frontage with a level to rolling topography and county road frontage. Tracts 24 and 25 contain a large 33 year old walnut plantation where over 20,000 walnut seedlings were planted in the mid 1970’s along with a native hardwood mix of predominantly white oak and red oak. Partial select harvest was done 5 years ago.

TRACTS 28-45: Martin Co.
Tracts 28-30: 143± Acres. A combination of cropland and hardwoods with predominate species of white oak, and red oak. Tracts range from 30 acres to 73 acres and have county road frontage.
Tracts 31-45: 1,564± Acres. This contiguous property has tracts ranging in size from 14 acres to 295 acres with a combination of woods and tillable land. Public water is available! You will find some of the best wildlife habitat in southern Indiana, wetland area for waterfowl and level to rolling topography on this property. White oak, black oak, hard maple, and yellow poplar are found throughout these tracts. Good interior road network. Tract 35 includes the Mustering Elm Park with its free flowing springs!

TRACTS 46-47: Martin Co. 135± Acres. Wooded tracts with easy access. Close to SR 450. This property joins the Martin State Forest. Selectively harvested two years ago.

TRACT 48: Martin Co. 2± Acres. 4 platted lots adjacent to Indian Springs. Good elevation and road frontage on 3 sides.

TRACTS 49-51: Martin Co. 231± Acres. A wooded tract adjoining Crane Naval Center to the north. Tract 51 has public water available along the county blacktop road. Good hunting tracts! There are stands of yellow poplar, hard maple, and hickory on the property. There is also a 35-year-old white pine planting. These tracts have been marked for a select harvest and are ready to cut.

TRACTS 52-53: Martin Co. 76± Acres. Mixed hardwood property with frontage along County Farm Road and owned access to CR 126. Public water available!

TRACTS 54-58: Martin Co. 988± Acres. Mixed hardwood property with frontage along SR 550 and public water available. Tracts from 52 acres to 360 acres. Great recreational tract with future development potential. Predominate species include: white oak, hickory, and yellow poplar.

TRACT 59: Martin Co. 80± Acres. All wooded with hardwood and pine. Public water available.

TRACTS 60-61: Martin Co. 157± Acres. Mixed hardwood property, fronting US 150. Great access to French Lick and West Baden Springs! Predominate species include: yellow poplar, black oak, and sycamore. A 30 year old black walnut plantation is along US 150 on tract 61.

TRACTS 62-64: Martin Co. 320± Acres. Wooded with some open areas – good for food plots. Access off of US 150 via an easement for Tract 62 and via county road (by church) to Tracts 63 and 64. Property includes hunting cabin and sawtimber size mixed hardwoods.

Session B: 3,166 ± Acres – 55 Tracts in Orange, Dubois, Crawford and Perry Counties, IN

  • Mostly Upland Hardwoods – Oak, Walnut, Maple, Poplar
  • Sawtimber with Well Managed Timber Stands
  • Building Sites, Hunting & Recreational Tracts
  • Good Access with Most Having Public Road Frontage

HIGHLY PRODUCTIVE SOILS FOR QUALITY HIGHLY PRODUCTIVE SOILS FOR QUALITY HARDWOOD GROWTH!
These properties support mostly upland hardwoods such as white oak, red oak, sugar maple, black walnut, black cherry and yellow poplar with a significant volume of sawtimber. It is currently estimated that the Indiana tracts support approximately 28,000,000 Bd/Ft. of sawtimber. The timber has been well managed with an overall management goal of producing quality sawlogs. Timber harvesting has been performed for the most part by company crews employing a selective system of harvesting. Trees selected for removal included not only stems that have reached maturity, but also trees of poor quality and less desirable species, therefore, improving the overall quality of the growing stock. Access is generally good with many tracts having frontage on public roads. Several properties have shared boundaries with the Hoosier National Forest.

PROPERTY DESCRIPTION:

TRACTS 1-3: Dubois Co. 218± Acres. These tracts are only minutes outside of Jasper with frontage on paved Meridan Road neighboring Sultans Run Golf Course. Property has a long frontage on the Patoka River, and support both sawtimber size bottomland and upland hardwoods species, including ash, sweetgum, soft maple and yellow poplar. Besides the exceptional timber quality these tracts offer a great wildlife habitat! Excellent road network throughout.

TRACTS 4-9: Martin Co. Tracts 4 – 8: 225± Acres. These tracts have road frontage on Burns Lane and support a substantial volume of black oak, red oak and white oak sawtimber. In addition, there are several wide flat old field ridges that support 15 year old planted virginia and white pine. This diverse forest type provides a good wildlife habitat.
Tract 9: 82± Acres. This well managed tract was selectively harvested in 2005. It has road access off of CR 47. The predominant species is oak and hickory with area of regenerated yellow poplar. Rural water is available.

TRACTS 10-15: Orange Co. 204± Acres. These exceptional tracts are only minutes from French Lick and all have frontage on paved county roads. Tracts 10-13 have access to the Army Corp maintained watershed lake. A beautiful setting for recreation or a residence! These tracts support black oak, red oak and yellow poplar sawtimber. Rural water is available.

TRACT 16: Dubois Co. 60± Acres. Conveniently located on SR 56 just west of French Lick, the tract was last harvested in 2001 and now supports a well managed stand of hard maple and yellow poplar. There is a small stream on the property, and rural water is available. Imagine the possibilities!

TRACTS 17-18: Dubois Co. 75± Acres. These tracts have frontage on a county road and border the railway being renovated to access the French Lick Casino from the Jasper area. Dillon Creek runs through the bottom. The timber is well managed, having had an improvement cut in 2006 and now support hard maple, and yellow poplar. An excellent property!

TRACTS 19-20: Orange Co. 170± Acres. These tracts are each easily accessed from paved county roads with new stone on the access into Tract 19. Abundant wildlife can be found due to the diversity of the habitat in the area. Tract 19 was last harvested in 1994 and now supports quality sawtimber with the dominant species being yellow poplar, white oak and red oak. Tract 20 had an improvement cut in 2005 and now supports white oak, chinquapin oak, black oak and sugar maple. Rural water is available on Tract 20.

TRACTS 21-22: Orange Co. 285± Acres. These great tracts join the Hoosier National Forest. Tract 21 has access from a paved county road. Tract 22 is a swing tract and must be combined with Tract 21 unless purchased by an adjoining neighbor. An improvement cut was applied to these tracts in 1999. They now support a significant volume of sawtimber with the dominant species being black oak, red oak and white oak. There are a few old fields that were planted to pine prior to the 1950s. Rural water is available.

TRACTS 23-27: Orange Co. 309± Acres. These very desirable tracts are located just outside of the village of Valeene, all with frontage on paved county roads. Tract 27 joins the Hoosier National Forest and has a mature high quality stand of hardwoods. It also has frontage on the Patoka River. Tract 26 supports a significant volume of sawtimber made up of black oak, white oak and yellow poplar. Tracts 23-25 support predominant stands of white pine and red pine that were planted in the early 60s following the abandonment of agricultural fields that used to grow broom straw. A great opportunity to buy at auction!

TRACTS 28-30: Orange Co. 214± Acres. These are exceptional tracts with each having frontage on the beautiful Patoka River. Tracts 28 and 29 support walnut plantations which were established in the early 1970s. Tract 30 supports predominantly black oak, white oak, hickory and yellow poplar with the last silvicultural operation being carried out in 2002. A fresh water spring flows from the hillside on tract 30.

TRACTS 31-32: Orange Co. 150± Acres. These great hunting tracts are easily accessed off of a county maintained road. The predominant species on these tracts include: black oak, white oak and hickory. It was harvested in 1993 by the previous landowner. A small stream borders Tract 31.

TRACT 33: Crawford Co. 173± Acres. This large tract offers timber value and exceptional hunting potential. The last silvicultural activity was carried out in 1991 leaving a stand of sawtimber dominated by yellow poplar, hard maple and black oak. There are areas of old field plantations of white pine. The property is easily accessed from paved county road frontage. A great location near Patoka Lake! Rural water is available.

TRACTS 34-36: Crawford Co. 190± Acres. These are great investment tracts located just off of SR 64. There is timber value and great hunting potential. These tracts had an improvement cut in 2006 and now support a well managed stand of white oak, black oak, red oak and hickory. Tract 34 and 36 join the Hoosier National Forest.

TRACTS 37-51: Dubois Co. 610± Acres. This property includes a great mix of tillable and timberland containing pine plantations and mixed hardwoods. Tract 37 includes an old field plantation of loblolly and white pine along with a nice pond. Agland buyers should consider combining Tracts 38-40, 47, 59 & 50 for approx. 112 acres tillable. There is an old homestead and barn on Tract 40, a horsebarn on Tract 45 as well as a barn on Tract 50. There is great paved road frontage on Mentor Rd and rural water. Tract 43 contains black and white oak with some sawtimber volume. Tracts 44, 49, & 51 adjoin the Ferdinand State Forest. This property has something for everyone. Rural water is available along Mentor Rd.

TRACTS 52-55: Perry County 200± Acre. These tracts are located just north of I-64 and are easily accessed off of a county maintained road. The last silvicultural activity on these tracts was in 2000. They now support sawtimber size hardwoods with the predominant species being red oak, white oak, and yellow poplar. There are also old field plantations of white pine that were established in 1966. Tract 52 borders a piece of the Ferdinand State Forest.

Session C: 5,341± Acres in Meade, Breckinridge, & Butler Counties, KY
690± Acres in Perry, Crawford & Harrison Counties, IN

  • Mostly Upland Hardwoods – Oak, Walnut, Maple, Poplar
  • 16,000,000 Bd/Ft. Sawtimber
  • Well Managed Timber Stands
  • Building Sites, Hunting & Recreational Tracts
  • Good Access with Most Having Public Road Frontage

PROPERTY DESCRIPTION:
Tracts 1-10: Meade Co., KY – 2590± Acres which offer a great timber investment and hunting and recreational opportunity. Located near the Ohio River this well managed tract is very accessible with three public road access points and a system of interior roads. These tracts have a diverse wildlife and native plant composition. An area called the Lapland Barrens is a native glades area with a variety of wildflowers and native grasses which has been partially renovated by the cooperative effort of Kimball, the KY Fish & Wildlife and The Nature Conservancy. The barrens are home to a wide variety of butterflies and skippers managed and inventoried annually by The Kentucky Nature Preserves. The property has been well managed for the production of quality hardwood sawtimber with the major species being white oak, black oak and chestnut oak. Timber harvesting activities have been designed to selectively remove low quality species and stems favoring the better quality growing stock resulting in residual stands of quality sawtimber. The green shaded interior road will be a privately maintained road with a private road maintenance agreement unless all adjoining tracts are purchased in combination by one buyer.

Tracts 11-14: Meade Co., KY – 437± Acres with excellent accessibility, tracts having frontage on paved county roads. These tracts were selectively harvested in 2006 and 2007. The residual growing stock is made up of sawtimber size white oak, yellow poplar, black oak and hard maple.

Tract 15: Breckinridge Co., KY – 111.5± Acre wooded property with frontage on SR 259 (Mooleyville-Ammons Rd). The predominant species include white oak and black oak. Timber harvesting activity was carried out in 1990. This tract borders the Yellow Bank State Forest.

Tract 16-22: Breckinridge Co., KY – 1,117± Acre contiguous timberland property. Three access points off of county maintained roads provide good access into the tracts. Tracts 16, 17 and 20 have frontage on Town creek which provides water access to the Ohio River. Tract 16 has its own boat landing. The property offers a variety of timberland cover and wildlife habitat with major species composition being ash, white oak, yellow poplar and hard maple. Selective timber harvesting activities have taken place in 2001. (Tracts 17 & 21 will require easements over Tracts 16 & 20 respectively.) “Swing Tract” 22 must be bid on by an adjoining landowner or purchased in combination with Tracts 19 or 21.

Tract 23: Breckinridge Co., KY – 80.4± Acre wooded tract which was last harvested in 2005. Select harvesting has been done to remove cedar and undesirable species. This tract has gently rolling terrain with good timber trails throughout. There is currently no legal access. Access has been across a short distance of the neighbor by verbal permission.

Tract 24: Butler Co., KY – 1005.6± Acres which offers timber investment potential as well as hunting and recreational opportunities. Access is provided by frontage on Region Rd. A salvage harvest as a result of wind damage was carried out near the road frontage on a approximately 75 to 80 acres in 2005. Timber specie composition is stocked heavily with young white oak.

Tracts 25-28: Perry Co., IN – 160± Acres located near the Ohio River are easily accessible with road frontage on a county maintained road. The dominant species are hard maple, red oak and yellow poplar. Small sawtimber make this a good potential timber investment. These tracts lie in the heart of the German Ridge Recreation Area of the Hoosier National Forest.

Tract 29: Harrison Co., IN – 200± Acres last harvested in 2004. The dominant species include ash, white oak, chinquapin oak and red oak. Little Mosquito Creek runs through the property. This tract has no current legal access. Access has been through the neighbor by verbal permission in exchange for hunting rights. This tract borders The Nature Conservancy’s Harrison County Glade Complex. There is an existing gas lease on this property with potential for gas royalties.

Tract 30: Crawford Co., IN – 210± Acres with excellent timber and easy access to county maintained McClure Road. Turkey Fork Creek runs through the property. The tract supports sawtimber size timber with the predominant species being white oak, red oak, yellow poplar and black oak. There has been no timber harvesting activity on this tract since 1987. This tract has excellent recreational potential with food sources of nearby crop lands, composition is well stocked with mast producing species, and a running water source throughout. An extensive network of wood trails are maintained for easy access and viewing.

Tract 31-33: Perry Co., IN – 80± Acres with good road frontage on paved county roads. These tracts offer potential building sites as well as timber investment. The timber type is mixed hardwoods including white oak, red oak, and black oak of small to medium sawtimber size. A selective harvest was carried out in 2006.

Tract 34: Perry Co., IN – 40± Acres accessed from a 30ft. deeded right of way. The property supports predominantly a stand of mixed hardwoods consisting of white oak, black oak, red oak and yellow poplar. A selective harvest was carried out in 2008.

All properties have been certified by The American Tree Farm System (ATFS). ATFS is committed to sustaining forests, watershed and healthy habitats through the power of private stewardship. ATFS has established standards and guidelines under which private forest owners develop a management plan based on strict environmental standards and pass an inspection every five years.

Sale Held in Conjunction with Schrader Real Estate and Auction Co., Inc.

SOLD – The Great Blue Ridge Mountain Auction

The Great Blue Ridge Mountain Auction
In the Heart of Bluegrass Music Country

13,000 Acres offered in 200 Tracts
Ranging From 5 Acres to 500 Acres

 

View Site: http://valandauction.com/310/

 

SOLD – Absolute Auction: 5,340 Acres offered in 23 Tracts

SOLD – Real Estate Land Auction: 2500± Acres, Agricultural and Timberland along the Ohio River

Maysville, Kentucky
Real Estate Auction
2500± Acres, Agricultural and Timberland along the Ohio River
Sold

PROPERTY LOCATION:
Directions: From Maysville Kentucky go east on AA Highway (Hwy. 9) approximately 11 miles to State Road 57, turn north (left) on State Road 57 go 8.2 miles to tract #1. Tract #2 also located on State Road 57.
Tracts 3, 4, 9-14, 17, 19, 35 & 36: From tract #1 continue north on State Road 57 for an additional .9-mile to Crooked Creek Road. Turn left on Crook Creek Road and watch for various tracts with frontage on Crooked Creek Road.

Tracts 5-9: Go .4 mile from intersection of State Road 57 and Crooked Creek Road to Highfield Road. Turn left on Highfield Road and watch for signs.

Tracts 15-18, 20-28, & 33-34: Go .9 mile from intersection of State Road 57 and Crooked Creek Road on Crooked Creek Road to Y in road. Veer to right on Engle Road (gravel road) and watch for tract signs.

TRACT 29-32, 37 & 38: Go 2.6 miles from intersection of State Road 57 and Crooked Creek Road on State Road 57 to State Road 8 in Concord Kentucky. Turn left on State Road 8, go 2.3 miles to tract #30.

AUCTION LOCATION:
608 Bernard Coughlin Ave. Maysville, KY.
Directions: From AA Highway (Hwy. 9) and State Road 68 go north on State Road 68 approximately 3 miles (State Road 68 turns into Bernard Coughlin Ave.

PROPERTY DESCRIPTION:

Tract #1: 91 acres with frontage on State Route 57. This tract features 24 acres of white pine trees, 10 acres of tillable land, 9 acres of open land and 48 acres of mixed hardwood trees. This tract offers a wide variety of opportunities including potential building sites plus hunting and recreational benefits.

Tract #2: 59 acres with 14 acres of open land balance in mixed hardwood trees. This tract includes a scenic ravine plus large amount of road frontage of State Route 57. Excellent potential building site and hunting/recreational potential.
Tracts # 1 and #2 have rural water available.

Tract #3: 6 acres with frontage on Crooked Creek Road, of which about half is open land, balance in mixed hardwood trees. Great potential home site.

Tract #4: 44 acres with approximately 5 acres of white pine trees balance in mixed hardwood trees with road frontage on two roads. Investigate the potential of this tract. Scenic ravine, prime potential building sites and excellent hunting. Frontage on Crooked Creek and Highfield Road.

Tract #5: 75 acres with approximately 70 acres of productive tillable farmland. Easy access from Highfield Road.

Tract #6: 52 acres featuring 14 acres of white pine, 14 acres of tillable land (hay field), with the balance in mixed hardwood trees. The varied features of this tract create a wide array of opportunity for the buyer. Located on Highfield Road.

Tract #7: 163 acres with 41 acres of white pine trees with scenic rolling terrain plus open meadow areas scattered randomly throughout the property. Prime hunting/recreational tract. Privately located at the end of Highfield Road.

Tract #8: 69 acres mostly mixed hardwood trees plus 6 acres of hay land.

Tract #9: 75 acres with approximately 25 acres of white pine trees balance in mixed hardwood trees. Excellent hunting/recreational tract.

Tract #10: 17 acres with 15 acres of white pine trees plus small pond. Prime potential building site with easy access from Crooked Creek Road. Enjoy the natural beauty of this tract.

Tract #11: 26 acres with approximately 20 acres of white pine trees with road frontage on two roads. Excellent investment property, easily subdivided into smaller tracts.

Tract #12: 57 acres featuring 45 acres of mixed hardwood trees and 12 acres of white pine trees.

Tract #13: 39 acres with approximately 10 acres of white pine trees, balance in mixed hardwood trees. Combine tracts #12 & #13 for 96 acres of prime hunting/recreational property.

Tract #14: 84 acres with 50 acres tillable productive farmland balance in mixed hardwood trees plus a small pond. This is a rare opportunity to purchase excellent hunting tract with good income potential. The small pond plus wooded borders around tillable land provide excellent wild life habitat.

Tract #15: 431 acres of mixed hardwood trees. Excellent Wildlife Habitat, prime hunting area. Abundant Deer and Turkey population. Timber appraisal for Tract 15 (PDF format).

Tract #16: 40 acres featuring 32 acres of mixed hardwood forest and 8 acres of white pine trees. Own your private hunting/recreational land.

Tract #17: 26 acres with 50% tillable and 50% mixed hardwood trees. Enjoy the natural beauty of this tract. Long road frontage on two separate roads gives this tract excellent subdivision potential.

Tract #18: 71 acres featuring a combination of productive tillable land and hardwood woodlands. Small Pond. Perfect tract for a small farm.

Tract #19: 43 acres with easy access from Crooked Creek Road. This tract is predominately mixed hardwood trees plus 3 acres of white pine trees.

Tract #20: 72 acres with 23 acres of white pine trees and the balance of 49 acres in mixed hardwood stand.

Tract #21: 47 acres – This tract features approximately 11 acres of white pine trees, 10 acres of tillable land with balance in mixed hardwood trees. The diversity of this tract offers a wide range of opportunities.

Tract #22: 38 acres with 11 acres of white pine trees balance in mixed hardwood trees.

Tract #23: 46 acres with 11 acres of white pine trees, 12 acres open and 23 acres of mixed hardwood trees. Excellent hunting and recreational tract.

Tract #24: 67 acres with 18 acres of white pine trees balance in mixed hardwood trees.

Tract #25: 65 acres featuring 8 acres of white pine trees with balance of acreage in mixed hardwood trees.

Tract #26: 25 acres featuring 10 acres of white pine trees with balance of acreage in mixed hardwood trees.

Tract #27: 46 acres of mixed hardwood trees featuring picturesque panoramic views of Ohio River and surrounding area.

Tract #28: 25 acres of mixed hardwood trees featuring excellent views of the Ohio River. The scenic views from this tract offer opportunity for secluded picturesque panoramic views.

Tract #29: 36 acres with remodeled country home located on 36 acres of pastureland. This home features 2 bedrooms, 2 bathrooms (1 bath includes spa tub), dining room, living room, kitchen, utility room, all carpeted except kitchen plus central air and heat. The roof on the room is approximately 4 years old. This is a very comfortable cozy home that offers peaceful country living.

Tract #30: 43 acres of pasture land plus country home with 4 bedrooms, kitchen, living room and bathroom. This home is heated with a wood stove and water source is from a cistern.

Tract #31: 14 acres with several out buildings including 70×150 barn, 28 x77 open front equipment shed plus two other wood frame buildings. Combine tracts #29 and #31 for 50 acres with potential for small livestock operation.

Tract #32: 91 acres of prime productive farm land. This tract includes some of the most productive soils in Lewis County plus features a Railroad and River frontage on the Ohio River.

Tract #33: 77 acres with 17 acres of tillable land balance of acreage in mixed hardwood trees. Investigate the recreational and hunting opportunities this tract offers.

Tract #34: 143 acres featuring approximately 20% of acreage in open spaces with balance in mixed hardwood trees.

Tract #35: 163 acres of mixed hardwood trees. Access from two roads along the north and south borders.

Tract #36: 81 acres with several small groves of hardwood trees balance of acreage in open land with scattered cedar and hardwood trees.

Tract #37: 39 acres featuring 10 acres of open land with balance in mixed hardwood trees.

Tract #38: 43 acres featuring frontage on the Ohio River. This tract also has a small pond, wooded ravines plus open meadow area. This is truly a unique tract of land.

Basic Terms & Conditions:
PROCEDURE: Tracts 1-38 will be offered in individual tracts, in any combination of these tracts, and in its entirety. Any qualified registered bidder may bid on tracts, tract combinations, and the total property.
DOWN PAYMENT: Successful bidders shall deliver on day of sale to Schrader Real Estate & Auction Co., Inc. 10% of the final contract sales price as an escrow deposit via cash, cashier’s check, or pre-approved personal check. Personal checks should be accompanied by a bank letter stating “___________ is a customer of this bank and we guarantee payment of checks written on account number __________ up to (specify amount) dollars for purchase at the auction being conducted by Schrader/Woltz on May 19, 2005”. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING. If a successful bidder fails to close within the time specified, Seller shall have the right to terminate the Purchase Agreement and retain the down payment as liquidated damages in addition to other legal remedies or at Seller’s option, extend the closing past the designated closing date. However, a charge of 1% of the total contract price will be charged to the Buyer per month until closing.
ACCEPTANCE: Seller reserves the right to accept or reject bids..
BUYER’S PREMIUM: A 5% Buyer’s Premium will be added to the final bid price and included in the total purchase contract price.
DEED: Seller will provide Special Warranty Deeds conveying the property to successful bidders subject to matters of record, general condition of title, and similar or related matters. As necessary or appropriate, deeds will reserve easements over parcels sold and will impose maintenance obligations on roads.
EVIDENCE OF TITLE: The Seller agrees to furnish bidders a preliminary Owner’s title insurance commitment to review prior to Auction. The cost of the insurance, if Purchaser elects to have the title commitment executed, will be the responsibility of the Purchaser. Seller agrees to provide merchantable title to the property subject to matters of record, general conditions of title, and similar or related matters. All tracts sold “AS IS”.
REAL ESTATE TAXES: At closing, all real estate taxes shall be prorated.
CLOSING: Closing shall take place within 30 days after the auction day, or as soon thereafter as Seller’s applicable closing documents are completed. Announcements on the day of the auction will state the projected closing date for each property.
POSSESSION: Possession of the property shall be given at closing.
SURVEY: Seller to furnish a new survey for any division of parent tract into smaller tracts. When individual, contiguous tracts are combined, seller to furnish a perimeter survey of those tracts only (they will not be surveyed individually). All tracts sold in their entirety shall be by an existing survey plat of public record. Final sales price shall be adjusted to reflect any difference between advertised and surveyed acres.
PROPERTY INSPECTION: Each potential bidder is responsible for conducting at their own risk, their own independent inspections, investigations, inquiries, and due diligence concerning the property. Inspection dates have been scheduled and will be staffed with auction personnel; please feel free to inspect any other time. Also, tracts are marked with surveyor’s corner markers along roadways and there are auction tract signs for your convenience.
BROKER PARTICIPATION: Any broker actively licensed in the State of Kentucky who properly registers the successful high bidder will be paid a 2% commission at settlement by the Seller. Registration must be on a Schrader Real Estate & Auction Co., Inc. Buyer Broker Form and contains 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 offices of Schrader Real Estate & Auction Co., Inc. no later than May 16.
AGENCY: Schrader Real Estate & Auction Co., Inc. and Woltz & Associates, Inc. and their representatives are Exclusive Agents of the Seller.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the Terms and Conditions outlined in the Agreement to Purchase. ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an “AS IS, WHERE IS“ basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. All sketches, acreages and dimensions in this brochure and other information provided by the Auction Company are approximate. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, financial ability, etc. All decisions of the Auctioneers are final.
NEW DATA, CORRECTIONS, AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.
STOCK PHOTOGRAPHY: Some photography in this brochure reflecting wildlife are used for illustrative purposes.
OWNER: Mead Realty Group, Inc.