Bid Online Now: 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

 

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.

Real Estate Online Auction: Pre-Auction offers being considered by Seller. 6,747 SF –Two-Story Mediterranean Style – 5 Bedrooms – 5.1 Baths – Located within the Chatmoss Country Club

Coming Soon
Bid online at https://woltz.hibid.com/

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

Online Auction: Charlie Peavler Estate – Opens March 1

 

 

Bidding Opens: March 1, 2021 and
Closes March 12, 2021 1:00 PM (Soft Close)

Bid online at https://woltz.hibid.com/

  • 30′ Chris Craft Cabin Cruiser with a new rebuilt motor that was just installed. Currently docked at Bay Roc Marina over $5,000 spent in the last months changing motor, buffing and getting back on the water.
  • 17′ Chris Craft 168 with trailer, V6 inboard/outboard (has not run in years) (been in storage over 10 years)
  • 17′ Boston Whaler with trailer, 115 Evinrude engine (does not run)(has been in storage for many years)
  • 1998 Harley Davidson Sportster 883/XL/1200 (red) (Only 4,656 miles) (VIN # 1HD4CAM14WY221644)
  • 1981 Harley Davidson Touring FLH (orange/black) (VIN # 1HD1AJK248YO28554) (25119 miles)
  • 1985 Red Honda Elite 250 scooter with helmet box (6936 miles)(VIN # MFO105FK009800) Shop manual
  • Red Honda Spree motorcycle (4626 miles)
  • (2) Dahon bicycle, collapsible (blue)
  • 1992 Harley Davidson (FLHTC4) Electro Glide Ultra Classic (Vin # 1HD1DPLIONY501290)(47,747 miles)
  • Bar Caddy, small steam engine, Road Rage
  • Piedmont DC-3 model & flight ops manual and Fairchild F-27
  • 1948 -1988 Piedmont DC – 3 Fairchild picture signed by Tom Davis – Founder and President of Piedmont Airlines
  • Field and Stream, Acqua, Bulova, Advance, Elgon, Express LA, Norfolk & Western, Wathan, Harper, active wear watch
  • Yamaha EF 1000 Gas Generator (new condition – quiet when running)
  • New Predator 2000 watt generator
  • New Honda EU 2000i generator 2000 watt
  • New Chicago 800 watt gas generator
  • 5 string banjo “Cameo” (excellent beginner banjo with case)
  • Craftsman Jigsaw (works), Black and Decker Jigsaw (works), Chicago electric impact wrench, Pittsburgh impact socket wrench
  •  Craftsman impact air hammer, Sawzall (works well), old electric drill (works)
  • (2) Raggedy Ann Dolls, Old Milwaukee hat, match holder, bottle opener, faux coon skin hat, (2) card decks, metal tin box, glass candle holder, funny glasses, Grayson Co. VA paperweight, wooden bird house
  • LEGO Sopwith model, Green Machine Frog Band, (4) badminton rackets, JENGA game, RC electric racing boat
  • And much more.

 

Online Auction Terms and Conditions

Type: Online-Only Auction- No Reserve-Everything sells regardless of price.

Location:  8984 Deer Run Drive SE, Copper Hill, VA 24079

Auction Opens: 8:00 AM ET, Monday, March 1, 2021

Auction Closes:  Auction will start closing at 1:00 PM ET on March 12, 2021, by soft close. A soft close prevents individuals from entering a bid at the very last second before an auction closes with the intent to prevent others from bidding higher.  We will have a 2-minute soft close policy for every lot.   If the lot is bid on during the lot’s closing period, additional time will be added until no more bidding takes place within the 2-minute period.

Description: The Estate of Charles M. Peavler.

Inspection: The Personal Property will be available for inspection on March 7, from 9:00 AM to 4:00 PM ET.

Personal Property Location & Pickup: The Property is located at 8984 Deer Run Drive, SE, Copper Hill, VA 24079. Pickup times are March 13 from 8:00 AM to 4:00 PM ET & March 14 from 9:00 AM to 4:00 PM ET.  Special pickup time for Lot 34 ONLY.  Schedule pickup time with auctioneer. 

Buyer Premium: A 13% Buyer’s Premium will be added to the high bid amount to determine the full purchase amount. For example, if your high bid is $100.00, your total purchase amount will be $113.00.

Payment: The buyer’s credit card (cc used for registration) will be charged immediately following the close of the auction.  We accept Visa, MasterCard, American Express, and Discover. You will be emailed a receipt to the email address you provided during registration.

Sales Tax:  Sales tax will be collected on items purchased at this auction.  Tax-Exempt Status- If you are exempt from the applicable sales tax, you must submit your tax-exempt form for this sale prior to the auction closing.  Once you have completed the appropriate tax-exempt form, please email the form to info@woltz.com for review of your information.  If you do not submit your form prior to the auction closing, the applicable sales tax will be charged, and you’ll need to apply directly to the applicable state for a refund.

Disclaimer: Woltz & Associates, Inc. does not guarantee the authenticity of the listed equipment hours or vehicle’s mileage.  Hours and mileage are listed as shown on equipment and vehicles.  All items are sold “AS IS” with all faults.  Photographs and descriptions of the items are to aid bidders in the bidding process.  We make every effort to ensure that the items are photographed and described as accurately as possible. 

All Sales are Final: ALL SALES ARE FINAL WITH NO REFUNDS FOR ANY REASON.  All items sold “AS IS” with no warranty. There shall be no guarantees or warranties, expressed or implied, statutory or otherwise, as to the merchantability or fitness for any particular purpose of any items offered in this sale.  It is the Bidder’s responsibility to determine condition, age, genuineness, value, or any other determinative factor. Woltz & Associates, Inc. may attempt to describe the personal property in advertising and on the internet but makes no representations.

Shipping Instructions: THERE IS NO SHIPPING FOR THIS AUCTION.  Buyer is responsible for all shipping logistics and costs.

Removal of Personal Property:  Paid receipt must be shown at time of pickup. BE SURE TO BRING YOUR PAID RECEIPT.  Personal property becomes the responsibility of the buyer at the time of the sale. Neither the Auction Company nor the Seller provides equipment or labor to remove items purchased. Titles and keys to the vehicles will be released with paid receipt.  Personal property pickup will be at the property, 8984 Deer Run Drive SE, Copper Hill, VA 24079, and pickup times are March 13 from 8:00 AM to 4:00 PM ET & March 14 from 9:00 AM to 4:00 PM ET.  Special pickup time for Lot 34 ONLY.  Schedule pickup time with auctioneer.    Failure by the buyer(s) to meet the removal schedule and conditions may result in the loss of your purchases without refund. Auction Company and Seller are not responsible in case of accidents on-premises. Buyers causing damage, harm, creating environmental issues, dumping, destroying or abandoning, refusal, or any other act to cause monetary expense to be incurred to a Seller’s Property or auction site location or property of any type will be held liable for ANY AND ALL damages, cleanup, or repair and may be prosecuted to the fullest extent of the law.

Bid Increments:  Minimum bid increments are as follows:

Bid Amount                        Bid Increment

0.00 – 19.00                        1.00 USD

19.01 – 49.00                      2.00 USD

49.01 – 199.00                   5.00 USD

199.01 – 500.00                10.00 USD

500.01- 1,000.00               25.00 USD

1,000.01- 9,999,999         50.00 USD

 

Liability: Bidders inspecting or removing enter Property at their own risk.  Auction Company and Seller assume no risk for bodily injury or damage to personal property when inspecting or removing the personal property.

 

Agency: The Auction Company and its representatives represent the Seller.

 

Woltz & Associates, Inc. reserves the right to reject any bid at our sole discretion. Items may be added or deleted from sale.  Auction Company reserves the right to cancel or postpone and reopen the auction in the case of system failure.

 

Prime Retail Store – 61,748 SF Free Standing Building with 2.46 Acres

• 61,748± Sf Free Standing Retail Building
• 2.46± Acres
• Construction is Block / Brick and Membrane / Metal Roofing
• 3 Dock Doors
• Sprinkler System
• Freight Elevator
• 3 Phase Power
• Electric Heat / AC
• Fiber Optic Services Available
• Public Water and Sewer
• B1 Zoning

Assessed Value $2,215,012

Directions To 19407 Riverside Drive, Grundy, VA 24614

FROM BLUEFIELD, VA: Take SR 720 to US-460 west toward Tazewell, VA for approximately 31 miles. Turn right onto US-460 west for another 31 miles and destination will be on left.

More information coming