Land Auction: 282± Acres Offered in 13 Tracts

 

5 minute drive to the Appalachian Trail 

Tiny homes allowed on permanent foundations 

 

Tract 1: 4.31± Ac. Great building site and farm field, little piece of woods and McKee Branch frontage, Charles Nolen Road frontage

Tract 2: 4.82± Ac. Great building site, all open land, McKee Branch frontage, Charles Nolen Road frontage. Big mountain views

Tract 3: 9.66± Ac. Open and wooded land, amazing views, Feldspar mineral digging hole, McKee Branch frontage; US Hwy 64 frontage

Tract 4: 4.21± Ac. Old log cabin, wired for generator, galvanized fireplace, cement/block flue, Ashley wood stove, Jackson Furniture wood cook stove; 2 American Chestnuts (blight free), open and wooded land, spring fed by gravity, pond, McKee Branch frontage. A must-see tract

Tract 5: 15.67± Ac. Ever flowing spring, nice Appalachian forest of growing timber with tons of potential for building. McKee Branch frontage

Tract 6: 7.39± Ac. Ever flowing spring, prime cabin site, open and wooded land. Lots of wildlife and good hunting

Tract 7: 10.91± Ac. Old cabin with oil lamps and good stone fireplace, spring, growing timber and seclusion, McKee Branch frontage

Tract 8: 7.20± Ac. Ever flowing spring, mostly wooded with a little open land, nice cabin sites

Tract 9: 20.2± Ac. Beautiful Mountain Tract, wonderful Appalachian Hardwood forest of growing timber.

Tract 10: 27.23± Ac. Some McKee Branch frontage and spring-fed branch with premium building sites, trails and excellent hunting

Tract 11: 44.53± Ac. Beautiful tract of hardwoods with a nice long ridge for an amazing cabin site. Great hunting, big views, lots of hiking trails

Tract 12: 51.34± Ac. Mountain paradise here, nice cabin sites, growing timber, elevations up to 3,500’. Lots of hiking trails

Tract 13: 75.1± Ac. Elevations up to 3,500’, awesome mountain property, spring-fed branch through property with growing timber and big mountain views

Offering 14: Income producing cell tower (Cell Tower Lease Agreement)

  • 45 year lease:  Start date April 24, 2007 /  Ends April 24, 2052,
  • $750 per month
  • $9,000 annual
  • Estimated payout $256,500
  • GPS Coordinates 35° 8’19.26″N / 83°28’12.51″W
  • Minimum start bid $75,000

  • You can bid on the cell tower lease by itself or if you want the land and cell tower lease together you will need to combine auction tracts 9 and 14 and bid on them in a combination. 

    For any questions on the lease and the purchase call Jim Woltz 540-353-4582 or Russell Seneff 540-765-7733

Directions to Property

From Franklin, NC: Take Murphy Rd (US 64) West for 6.1 miles make a U-Turn at W Old Murphy Rd onto Murphy Rd East (US 64). Go for 0.4 mile. Property is on the right. Watch for signs. Entrance for tracts 3-10. Continue US 64 E for 0.25 mile to entrance for tracts 9-13 (Love Cove Rd).

 

Links To Recreational Points of Interest

Discover Franklin

Franklin, NC Things to Do

Franklin Area Chamber of Commerce

Franklin Area Welcome Center

Visit Nantahala, NC

The Explorer’s Guide to Franklin, NC (Great Smoky Mountains – NC)

Macon County, NC – Guide to the Mountains

Town of Franklin, NC

Macon County, NC

Macon County Ordinances

Terms & Conditions of Auction

  1. REGISTRATION: Bids will be accepted only from registered bidders.  Registration begins at 10:00 AM.  Please bring a driver’s license for identification.
  2. AUCTION SALE:  All Auction Tracts will be sold subject to seller confirmation of the high bid.  All confirmed sales are final.   All property is auctioned “AS IS, WHERE IS” with all faults in its condition at the time of sale without recourse by way of refund, reduction of the purchase price, or otherwise.  Bidders should perform such independent investigation with respect to the property as they deem necessary or appropriate.
  3. FINANCING: Your bidding and purchase of the property is NOT CONDITIONAL UPON FINANCING.  Be sure you have arranged financing, if needed, and are capable of paying cash at closing.
  4. LIABILITY:  Bidders inspecting property enter at their own risk.  Auction Company and Sellers assume no risk for bodily injury or damage to personal property.
  5. BIDDING:  Qualified bidders may bid on individual tracts or any grouping of tracts.  The auctioneer will determine all bid increments. All decisions by the auctioneer regarding bid acceptance are final.
  6. ANNOUNCEMENTS:  Announcements on day of sale take precedence over all prior releases, verbal and written, concerning this auction sale.
  7. BUYER’S PREMIUM:  The Buyer’s Premium on the real estate is 5% of the high bid amount.  The Buyer’s Premium will be added to the high bid to determine the final sale price.
  8. AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER.
  9. 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, wire or pre-approved personal check payable to Woltz & Associates, Inc. Escrow Account.  Personal checks will be approved if the Buyer presents a bank letter stating that the Buyer is a customer of the bank and the checking account is in good standing.
  10. REAL ESTATE DEED:  The real estate will be conveyed by general warranty deed (Auction Tracts 1-8) and special warranty deed (Auction Tracts 9-13) 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 October 16, 2023. There will be no assigning of tracts or deeds between bidders. Tracts will be deeded in the manner purchased at the auction.
  11. BOUNDARY LINES:  Boundaries on aerial photos and topo maps are approximate. Refer to survey for exact boundary locations.
  12. 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.
  13. SOFTWARE & TECHNOLOGY: Woltz & Associates, Inc. reserves the right to reject any bid at our sole discretion. In the event there are technical difficulties related to the server, software, or any other online auction-related technologies, Woltz & Associates, Inc., reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE NOR WOLTZ & ASSOCIATES, INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information deemed necessary by Auction Company.

BROKER PARTICIPATION: Any appropriately licensed North Carolina broker whose agent properly registers the successful high bidder will be paid a 2% commission based upon the high bid, and will be paid at settlement by the Seller. Applications 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 the Broker’s license number and Federal Tax ID number. The form must be received in the office of Woltz & Associates, Inc. or by email at hannah@woltz.com no later than 12:00 PM, August 16, 2023. Participating Broker must sign the Real Estate Purchase Agreement for winning bid. Agents acting as principals buying on their own behalf, on behalf of family members, other licensed real estate agents, or who represent prospects that have had prior contact with the Seller or Auction Company are not eligible. An agent may register only one Bidder for this auction.

Sale held in conjunction with Murray Wise Associates LLC (NC #C23047 )

Auction: Cell Tower Lease

Offering 14 (Cell Tower Lease)

  • 45 year lease:  Start date April 24, 2007 /  Ends April 24, 2052
  • $750 per month
  • $9,000 annual
  • Estimated payout $256,500
  • GPS Coordinates 35° 8’19.26″N / 83°28’12.51″W
  • Minimum start bid $75,000

  • You can bid on the cell tower lease by itself or if you want the land and cell tower lease together you will need to combine auction tracts 9 and 14 and bid on them in a combination. 

    For any questions on the lease and the purchase call Jim Woltz 540-353-4582 or Russell Seneff 540-765-7733

Terms & Conditions of Auction

  1. REGISTRATION: Bids will be accepted only from registered bidders.  Registration begins at 10:00AM.  Please bring a driver’s license for identification.
  2. AUCTION SALE: The Offering will be sold subject to seller confirmation of the high bid.  A confirmed sale is final.  Bidders should perform such independent investigation with respect to the Lease as they deem necessary or appropriate.
  3. FINANCING: Your bidding and purchase of the Lease 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 the tower site approach at their own risk; however, the site is is fenced and access inside the fence is prohibited. 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 Lease Offering 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. EARNEST MONEY DEPOSIT: A deposit in the amount of ten percent (10%) of the contract sale price will be required on day of sale.  The deposit is payable by cash, cashier’s check, or pre-approved personal check payable to Woltz & Associates, Inc. Escrow Account. Personal checks will be approved if the Buyer presents a bank letter stating that the Buyer is a customer of the bank and the checking account is in good standing.
  10. LEASE ASSIGNMENT: The Lease will be assigned to the buyer at closing. The balance of the purchase price is due at settlement on or before October 1, 2023. There will be no assigning of this Lease between bidders.
  11. 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.
  12. SOFTWARE & TECHNOLOGY: Woltz & Associates, Inc. reserves the right to reject any bid at our sole discretion. In the event there are technical difficulties related to the server, software, or any other online auction-related technologies, Woltz & Associates, Inc., reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE NOR WOLTZ & ASSOCIATES, INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information deemed necessary by Auction Company.

 

Sale held in conjunction with Murray Wise Associates LLC (NC #C23047 )

 

Real Estate & Personal Property Auction

Auction Tract 2

Parcel ID: 046.07-01-23.00-0000

4 Bedroom, 2 ½ Bath, 1818± SF

Situated at the end of Montclair Drive, this well-maintained property enjoys a tranquil setting away from through traffic, offering a sense of privacy and security. This stunning 4 bedroom, 2.5 bath home has a private driveway completed with a 2 car garage, charming exterior with spacious yards and ample living space. This property offers a comfortable and inviting atmosphere for you to enjoy. Sold ABSOLUTE over $199,500, assessed for $236,700.

5% Buyer’s Premium • Broker Participation Offered

Schools

Glen Cove Elementary School
Northside Middle School
Northside High School

REAL ESTATE TERMS & CONDITIONS OF AUCTION

For Offering 2: 1902 Montclair Dr.
Roanoke, VA 24019

  1. REGISTRATION: Bids will be accepted only from registered bidders. Registration begins at 3:00pm on the day of sale. Please bring a driver’s license for identification.
  2. ONLINE BIDDING: Online bids will be accepted only from registered bidders. Online bidders must be preapproved and registered to bid by 12:00pm, July, 25, 2023 Live Auction starts at 4:00PM. Bidding will be Live and Online and Auctioneer will announce the end of bidding on each property.
  3. AUCTION SALE: Auction Tract 2 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 before bidding.
  4. 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.
  5. LIABILITY: Bidders inspecting property enter at their own risk. Auction Company assumes no risk for bodily injury or damage to personal property.
  6. BIDDING: Qualified bidders may only bid on individual tracts. The auctioneer will determine all bid increments. All decisions by the auctioneer regarding bid acceptance are final. Bidding signifies you have read and are in agreement with the terms and conditions of the auction.
  7. ANNOUNCEMENTS: Announcements on day of sale take precedence over all prior releases, verbal and written, concerning this auction sale.
  8. BUYER’S PREMIUM: The Buyer’s Premium on the real estate is 5% of the high bid amount. The Buyer’s Premium will be added to the high bid to determine the final sale price.
  9. AGENCY: The Auction Company and its representatives represent the Seller.
  10. LEAD PAINT: 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.  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.
  11. dUE DILIGENCE: all property information is deemed accurate and reliable. Buyer and, if applicable, Buyer’s Agent to verify any and all information.
  12. 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, wire, or pre-approved personal check payable to Woltz & Associates, Inc. Escrow Account. Personal checks will be approved if the Buyer presents a bank letter stating that the Buyer is a customer of the bank and the account is in good standing. The successful online 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 immediately following SELLERS acceptance of the bid via Doc U Sign.   Buyer may wire funds ($25.00 wire fee) or overnight a cashier’s check for the earnest money deposit at Buyer’s expense.
  13. REAL ESTATE DEED: The real estate will be conveyed by a general warranty deed free and clear of liens, subject, however, to any rights of way, easements and restrictions of record. The balance of the purchase price is due at settlement on or before September 25, 2023. There will be no assigning of tracts or deeds between bidders. Tracts will be deeded in the manner purchased at the auction.
  14. Boundary Lines: Boundaries on aerial photos and topo maps are approximate. Refer to survey for exact boundary locations.
  15. 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.
  16. BROKER PARTICIPATION: Any appropriately licensed Virginia broker whose agent properly registers the successful high bidder will be paid a 2% commission based upon the high bid, and will be paid at settlement by the Seller. Applications 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 the Broker’s license number and Federal Tax ID number. The form must be received in the office of Woltz & Associates, Inc. or by email at hannah@woltz.com no later than 12:00pm, July 24, 2023. Participating Broker must sign the Real Estate Purchase Agreement for winning bid. Agents acting as principals buying on their own behalf, on behalf of family members, other licensed real estate agents, or who represent prospects that have had prior contact with the Seller or Auction Company are not eligible. An agent may register and represent only one Bidder for this auction.
  17. SOFTWARE & TECHNOLOGY: Woltz & Associates, Inc. reserves the right to reject any bid at our sole discretion. In the event there are technical difficulties related to the server, software, or any other online auction-related technologies, Woltz & Associates, Inc., reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE NOR WOLTZ & ASSOCIATES, INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information deemed necessary by Auction Company.

 

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SOLD – Real Estate Auction: 60.5± Acres

Auction Tract 4

Discover the hidden gem of Franklin County, Virginia! This remarkable 60.5-acre property offers breathtaking mountain views of Cahas Mountain, utmost privacy, and convenient proximity to Tanglewood Mall, just 13.3 miles away. You can easily build your dream home here, with well, septic and underground utilities already in place. Choose from multiple prime building sites that capture the beauty of the surrounding landscapes. Immerse yourself in nature and enjoy the serene ambiance of this private retreat. Experience the best of both worlds, with tranquil countryside living and easy access to modern amenities. Don’t miss this opportunity to own your own slice of paradise. Contact us now to explore this exceptional estate!

Three Tax Parcels: 0260009001, 0370004302, 0370004302A

Seller is Owner/REALTOR

REAL ESTATE TERMS & CONDITIONS OF AUCTION

For Offering 4: Off Rt. 220-N & Rt. 691
Boones Mill, VA 24065

  1. REGISTRATION: Bids will be accepted only from registered bidders. Registration begins at 3:00pm on the day of sale. Please bring a driver’s license for identification.
  2. ONLINE BIDDING: Online bids will be accepted only from registered bidders. Online bidders must be preapproved and registered to bid by 12:00pm, July, 25, 2023 Live Auction starts at 4:00PM. Bidding will be Live and Online and Auctioneer will announce the end of bidding on each property.
  3. AUCTION SALE: Auction Tract 4 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 before bidding.
  4. 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.
  5. LIABILITY: Bidders inspecting property enter at their own risk. Auction Company assumes no risk for bodily injury or damage to personal property.
  6. BIDDING: Qualified bidders may only bid on individual tracts. The auctioneer will determine all bid increments. All decisions by the auctioneer regarding bid acceptance are final. Bidding signifies you have read and are in agreement with the terms and conditions of the auction.
  7. ANNOUNCEMENTS: Announcements on day of sale take precedence over all prior releases, verbal and written, concerning this auction sale.
  8. BUYER’S PREMIUM: The Buyer’s Premium on the real estate is 5% of the high bid amount. The Buyer’s Premium will be added to the high bid to determine the final sale price.
  9. AGENCY: The Auction Company and its representatives represent the Seller.
  10. DISCLOSURE: Seller is Owner/Realtor.
  11. dUE DILIGENCE: all property information is deemed accurate and reliable. Buyer and, if applicable, Buyer’s Agent to verify any and all information.
  12. 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, wire, or pre-approved personal check payable to Woltz & Associates, Inc. Escrow Account. Personal checks will be approved if the Buyer presents a bank letter stating that the Buyer is a customer of the bank and the account is in good standing. The successful online 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 immediately following SELLERS acceptance of the bid via Doc U Sign.   Buyer may wire funds ($25.00 wire fee) or overnight a cashier’s check for the earnest money deposit at Buyer’s expense.
  13. REAL ESTATE DEED: The real estate will be conveyed by a general warranty deed free and clear of liens, subject, however, to any rights of way, easements and restrictions of record. The balance of the purchase price is due at settlement on or before September 8, 2023. There will be no assigning of tracts or deeds between bidders. Tracts will be deeded in the manner purchased at the auction.
  14. Boundary Lines:  Boundaries on aerial photos and topo maps are approximate. Refer to survey for exact boundary locations.
  15. 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.
  16. BROKER PARTICIPATION: Any appropriately licensed Virginia broker whose agent properly registers the successful high bidder will be paid a 2% commission based upon the high bid, and will be paid at settlement by the Seller. Applications 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 the Broker’s license number and Federal Tax ID number. The form must be received in the office of Woltz & Associates, Inc. or by email at hannah@woltz.com no later than 12:00pm, July 24, 2023. Participating Broker must sign the Real Estate Purchase Agreement for winning bid. Agents acting as principals buying on their own behalf, on behalf of family members, other licensed real estate agents, or who represent prospects that have had prior contact with the Seller or Auction Company are not eligible. An agent may register and represent only one Bidder for this auction.
  1. SOFTWARE & TECHNOLOGY: Woltz & Associates, Inc. reserves the right to reject any bid at our sole discretion. In the event there are technical difficulties related to the server, software, or any other online auction-related technologies, Woltz & Associates, Inc., reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE NOR WOLTZ & ASSOCIATES, INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information deemed necessary by Auction Company.

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SOLD – Real Estate Auction: 6.39± Acres

Auction Tract 3

Discover the beauty of nature with this exceptional 6.39± acre tract of forest land located just over the Botetourt County line in the pastoral Catawba valley. Situated just 11 miles from downtown Roanoke, this property offers the perfect blend of serenity and accessibility. Embrace the opportunity to create your private retreat with exceptional mountain views.

There is an existing well and septic.

Tax ID 85-82B

REAL ESTATE TERMS & CONDITIONS OF AUCTION

For Offering 3: 11282 Catawba Rd.
Catawba, VA 24070

  1. REGISTRATION: Bids will be accepted only from registered bidders. Registration begins at 3:00pm on the day of sale. Please bring a driver’s license for identification.
  2. ONLINE BIDDING: Online bids will be accepted only from registered bidders. Online bidders must be preapproved and registered to bid by 12:00pm, July, 25, 2023 Live Auction starts at 4:00PM. Bidding will be Live and Online and Auctioneer will announce the end of bidding on each property.
  3. AUCTION SALE: Auction Tract 3 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 before bidding.
  4. 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.
  5. LIABILITY: Bidders inspecting property enter at their own risk. Auction Company assumes no risk for bodily injury or damage to personal property.
  6. BIDDING: Qualified bidders may only bid on individual tracts. The auctioneer will determine all bid increments. All decisions by the auctioneer regarding bid acceptance are final. Bidding signifies you have read and are in agreement with the terms and conditions of the auction.
  7. ANNOUNCEMENTS: Announcements on day of sale take precedence over all prior releases, verbal and written, concerning this auction sale.
  8. BUYER’S PREMIUM: The Buyer’s Premium on the real estate is 5% of the high bid amount. The Buyer’s Premium will be added to the high bid to determine the final sale price.
  9. AGENCY: The Auction Company and its representatives represent the Seller.
  10. dUE DILIGENCE: all property information is deemed accurate and reliable. Buyer and, if applicable, Buyer’s Agent to verify any and all information.
  11. 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, wire, or pre-approved personal check payable to Woltz & Associates, Inc. Escrow Account. Personal checks will be approved if the Buyer presents a bank letter stating that the Buyer is a customer of the bank and the account is in good standing. The successful online 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 immediately following SELLERS acceptance of the bid via Doc U Sign.   Buyer may wire funds ($25.00 wire fee) or overnight a cashier’s check for the earnest money deposit at Buyer’s expense.
  12. REAL ESTATE DEED: The real estate will be conveyed by a general warranty deed free and clear of liens, subject, however, to any rights of way, easements and restrictions of record. The balance of the purchase price is due at settlement on or before September 8, 2023. There will be no assigning of tracts or deeds between bidders. Tracts will be deeded in the manner purchased at the auction.
  13. Boundary Lines: Boundaries on aerial photos and topo maps are approximate. Refer to survey for exact boundary locations.
  14. 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.
  15. BROKER PARTICIPATION: Any appropriately licensed Virginia broker whose agent properly registers the successful high bidder will be paid a 2% commission based upon the high bid, and will be paid at settlement by the Seller. Applications 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 the Broker’s license number and Federal Tax ID number. The form must be received in the office of Woltz & Associates, Inc. or by email at hannah@woltz.com no later than 12:00pm, July 24, 2023. Participating Broker must sign the Real Estate Purchase Agreement for winning bid. Agents acting as principals buying on their own behalf, on behalf of family members, other licensed real estate agents, or who represent prospects that have had prior contact with the Seller or Auction Company are not eligible. An agent may register and represent only one Bidder for this auction.
  16. SOFTWARE & TECHNOLOGY: Woltz & Associates, Inc. reserves the right to reject any bid at our sole discretion. In the event there are technical difficulties related to the server, software, or any other online auction-related technologies, Woltz & Associates, Inc., reserves the right to extend bidding, continue the bidding, or close the bidding. NEITHER THE COMPANY PROVIDING THE SOFTWARE NOR WOLTZ & ASSOCIATES, INC. SHALL BE HELD RESPONSIBLE FOR A MISSED BID OR THE FAILURE OF THE SOFTWARE TO FUNCTION PROPERLY FOR ANY REASON. Email notifications will be sent to registered bidders with updated information deemed necessary by Auction Company.

 

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SOLD – 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

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

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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.