Claytor Lake Real Estate Auction

The Aquatic Center consists of a dynamic hexagon-shaped structure containing a kitchen, cafeteria, and office area, 16 two room bunk houses, housing areas for staff and bath houses. 

Offered in two tracts. 

Tract 1: The Aquatic Center and 63± acres, with waterfrontage, stellar views, and endless potential. 

Tract 2: 4± acres and includes a 2,300 square foot, 3-bedroom, 2-bath  house.

Water system and storage, septic system to operate the facility, docks and privacy.

More information coming soon.

Multi-Seller Online Auction

 

 

Tract 1

2.97± Acres – Yellow Mountain Rd and Valley Pike Road, Roanoke, VA 24014
SOLD TO HIGHEST BID OVER $38,000!

The fabulous 2.97 acres is located in Roanoke City just past the Wellington Subdivision and has road frontage along Yellow Mountain Rd and Valley Pike Rd. This beautiful wooded tract is an ideal homesite to build your dream home. Water and sewer available.  Conveniently located and only 1.5 miles to Carilion Roanoke Memorial Hospital and 2 miles from grocery stores, restaurants and I581.  Preview Anytime!  Online auction starts November 1, 2023 and ends on Wednesday November 8 at 3pm. 

DIRECTIONS: Jefferson ST to Yellow Mountain RD to Left on Valley Pike Rd


Tract 2 (Under Contract)

 .384± Acre Residential Lot – Embassy Drive, Roanoke County, VA
(Parcel ID 036.20-05-14.00-
0000 – LT 20 BLK 23 SEC 4 MONTCLAIR ESTATES)
BEING SOLD ABSOLUTE!

This .384 Acre Lot is located in Roanoke County on Embassy Drive in Montclair Estates. Water and sewer available. Minutes to grocery stores, shopping, restaurants and I81. Preview Anytime! Being sold Absolute regardless of price! Online auction starts November 1, 2023 and ends on Wednesday November 8 at 3pm. 

DIRECTIONS: Peters Creek Rd to Cove Rd to right on Embassy Dr lot on Left.


Tract 3

1.44± Acre Commercial Lot – ZONED C2 – 0 Peters Creek Rd, Roanoke County, VA
(Parcel ID 037.13-04-03.01-0000)
SOLD TO HIGHEST BID OVER $95,000!

This incredible 1.44 Acre Commercial lot zoned C2 is an ideal location with a multitude of potential uses.  This tract has a level to gentle sloping topography and is conveniently located just off of Peters Creek Rd behind Mr. Tire Auto Center and next to Public Storage.  Sewer runs along the property boundary. Minutes to grocery stores, shopping, restaurants and I81. Preview Anytime! Online auction starts November 1, 2023 and ends on Wednesday November 8 at 3pm. 

DIRECTIONS: From I581 to Peters Creek Rd to Right at the sign on the driveway just before Mr. Tire Auto Center top of the drive, property on the Left.


Tract 4

1.07± Acres Prime Commercial Lot – ZONED CBD – 2145 Roanoke Blvd., Salem, VA 24153
(Tax Map # 225-3-5)
SOLD TO HIGHEST BID OVER $95,000!

This 1.07-acre prime commercial lot in Salem, Virginia has a multitude of potential development uses. A level corner lot with frontage along Roanoke Blvd. and Citadel Lane and located directly across from the Salem VA Medical Center.   Only minutes to Salem City and Roanoke City and a few miles to 419 and I 81. Water and Sewer available. Preview Anytime! Online auction starts November 1, 2023 and ends on Wednesday November 8 at 3pm. 

DIRECTIONS: From 419 in Salem to Roanoke BLVD and Property on Left across from the Salem VA Medical Center.


Tract 5

3.56± Acres – Prime Development Tract – Zoned M2 – 0 3rd Street, Vinton, VA 24179
(Parcel ID 070.08-01-01.07-0000)
SOLD TO THE HIGHEST BID OVER $90,000!

Attention investor and end user, this 3.56-acre tract is a prime development tract located in Vinton, Virginia.  Water and Sewer available. Minutes to downtown Roanoke and I581. Preview Anytime! Online auction starts November 1, 2023 and ends on Wednesday November 8 at 3pm. 

DIRECTIONS: In Vinton take E Virginia Ave to Hardy Rd to Right on Niagara Rd to Right on Wyndham Dr to Intersection at 3rd Street property on Right.


Tract 6

6.57± Acres – Prime Development Tract – Zoned R3C – Wyndham Dr & Niagara Rd, Vinton, VA 24179
(Parcel ID 070.08-01-01.00-0000)
SOLD TO THE HIGHEST BID OVER $95,000!

This 6.57-acre tract is a prime development for residential or multi family use. Adjoins Southampton Townhomes and Water and Sewer is available.  Area amenities such as grocery and shopping are minutes down the road. Preview Anytime! Online auction starts November 1, 2023 and ends on Wednesday November 8 at 3pm. 

DIRECTIONS: In Vinton take E Virginia Ave to Hardy Rd to Right on Niagara Rd property on Right.


Tract 7

14.92± Acres – Recreational Paradise Tract – Abundant Wildlife –Trout Stream – Walking Distance to Natl Forest – Lot 73 Caddis Lane, Craig County, VA – Black Diamond Subdivision
(Parcel # 005360 Tax ID 79A-1-73) 

This fabulous 14.92-acre tract is located in beautiful Craig County, Virginia and part of the Black Diamond Development (BDD). BDD is a private community surrounded by National Forest and close to the Appalachian Trail as well as the New River. This community has over 2 miles of private stocked trout stream (Johns Creek) and is stocked with rainbow, brown and brook trout. This stream runs through a common area with multiple access points for the creek. The common area includes covered picnic shelters complete with outdoor grills for property owners.  This is an ideal weekend retreat or build your dream home in this peaceful and your within walking distance to the Jefferson National Forest. This property is located only 23 miles from Blacksburg, Virginia and 45 miles to Roanoke, Virginia. If you have ever wanted acreage to enjoy for years to come, this is the property for you! Annual HOA $550. Preview Anytime! Online auction starts November 1, 2023 and ends on Wednesday November 8 at 3pm. 

DIRECTIONS: GPS- Use Caddis Lane New Castle, VA and it will take you to it!
From New Castle – 311N 5mi to left on 658 15mi to left on Black Diamond Dr to right on Caddis Lane Property on left.
From Newport – 42N 12mi to left on 658 4mi to right on Black Diamond Dr to right on Caddis Lane property on left.

Black Diamond Development POA website

Terms & Conditions

Auction for Multi-Sellers
Various Locations
Vinton, Roanoke City, Roanoke County, Craig County, Salem

Bidding Starts: November 1, 2023, at 8:00 AM ET
Bidding Ends: November 8, 2023, 3:00 PM ET

  1. AUCTION SALE: The Properties that will be sold subject to Seller’s confirmation of the high bid are Tracts 1, 3-7, except auction tract 2 which will be sold absolute (sold to the highest bid regardless of price).  Purchasers will execute 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. 
  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 immediately following SELLER’S 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.
  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. 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.
  6. AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER.
  7. REAL ESTATE DEED AND POSSESSION: The real estate will be conveyed by a General (Tract 7) or Special (Tracts 1-6) 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 which shall be on or before December 20, 2023. The contract to purchase is not assignable.  Possession of the Property shall be given to the buyer at settlement.
  8. BOUNDARY LINES: Boundaries on aerial photos, topographic maps, and otherwise, are approximate and are subject to verification by all parties relying on them.
  9. BIDDING AND SOFT CLOSE: The bidding is hereby offered by Online Auction only and bidding will only be available to registered bidders. The soft close will allow extended bidding until no bids are placed for two minutes. If a bid is placed on any tract within the last two minutes, an additional two minutes will be added to all tracts to ensure everyone gets time to place their bid.
  10. CONFIRMATION: All auction tracts are sold subject to Seller Confirmation.
  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.
  12. 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 prior to the registered bidder making a bid. 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.
  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.

 

 

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 )

 

SOLD – Real Estate Portfolio Auction (AM Session)

 

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

Broker Participation

Any broker actively licensed in the Commonwealth of Virginia whose agent properly registers the successful high bidder will be paid a two percent (2%) commission at settlement by the Seller. Registration must be on a Woltz & Associates, Inc. Broker Participation Application form and contain the name, address and signature of agent and prospect as well as Broker’s license number and Federal Tax ID number. The form must be received in the office of Woltz & Associates, Inc. by 12:00 noon on November 15, 2022. If prospect attends preview, agent must attend with prospect. Additionally, agent must attend sale and co-register with prospect on auction day. Only the first broker to register the high bidder will be paid a commission. Agents acting as principals, on behalf of licensed real estate agents, on behalf of family members, on behalf of entities in which they hold an ownership interest or who represent prospects who have had prior contact with seller or auction company are not eligible. Only one registered bidder per agent.

Terms & Conditions Of Auction

1. REGISTRATION: Bids will be accepted only from registered bidders. Registration begins at 9:00 AM for the AM SESSION and 3:00 PM for the PM SESSION. Please bring a driver’s license for identification.
2. AUCTION SALE: The property will be sold subject to seller confirmation of the high bid. ALL CONFIRMED SALES ARE FINAL: All property is auctioned “AS IS, WHERE IS” with all faults in its condition at the time of sale without recourse by way of refund, reduction of the purchase price, or otherwise. Bidders should perform such independent investigation with respect to the property as they deem necessary or appropriate.
3. FINANCING: Your bidding and purchase of the property is NOT CONDITIONAL UPON FINANCING. Be sure you have arranged financing, if needed, and are capable of paying cash at closing.
4. LIABILITY: Bidders inspecting property enter at their own risk. Auction Company and Seller assume no risk for bodily injury or damage to personal property.
5. BIDDING: Qualified bidders may bid on individual tracts or any grouping of tracts. The auctioneer will determine all bid increments. All decisions by the auctioneer regarding bid acceptance are final.
6. ANNOUNCEMENTS: Announcements on day of sale take precedence over all prior releases, verbal and written, concerning this auction sale.
7. BUYER’S PREMIUM: The Buyer’s Premium on the real estate is 5% of the high bid amount. The Buyer’s Premium will be added to the high bid to determine the final sale price.
8. AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER.
9. LEAD PAINT: The majority of the properties in this auction were built prior to 1978 and may contain lead-based paint. A lead-paint inspection may be performed by bidders prior to the auction sale date. Applicable lead paint documents and information are available from Auction Company. Bidders will be provided a lead-paint disclosure prior to signing a real estate purchase agreement and agree to waive the ten (10) day right to inspection after the auction sale.
10. REAL ESTATE DEPOSIT: A deposit in the amount of ten percent (10%) of the contract sale price will be required on day of sale. The deposit is payable by cash, cashier’s check, or pre-approved personal check payable to Woltz & Associates, Inc. Escrow Account. Personal checks will be approved if the Buyer presents a bank letter stating that the Buyer is a customer of the bank and the checking account is in good standing.
11. REAL ESTATE DEED: The real estate will be conveyed by Special Warranty Deed free and clear of liens, subject, however, to any rights of way, easements and restrictions of record. The balance of the purchase price is due at settlement on or before January 31, 2023. There will be no assigning of tracts or deeds between bidders. Tracts will be deeded in the manner purchased at the auction.
12. BOUNDARY LINES: Boundaries on aerial photos and topo maps are approximate.
13. GENERAL: The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, error, or omissions is assumed by the Seller or the Auction Company.
14. LEASES: Copies of all the leases we have are on our web site and all properties are being sold subject to their existing lease. Rents posted in brochure and on website are from management company and are believed to be accurate.

SOLD – Real Estate Portfolio Auction (PM Session)

  • PM Auction Tract 1: 907 Hunting Ridge Road, Martinsville, VA
  • PM Auction Tract 2: 1266 & 1268 Westover Drive, Collinsville, VA
  • PM Auction Tract 3: 1280 &1282 Westover Drive, Collinsville, VA
  • PM Auction Tract 4: 723 Jefferson St. Martinsville, VA
  • PM Auction Tract 5: 221 Broad St., Martinsville, VA
  • PM Auction Tract 6: 205 Broad St., Martinsville, VA
  • PM Auction Tract 7: 216 College St., Martinsville, VA
  • PM Auction Tract 8: 212 College St., Martinsville, VA
  • PM Auction Tract 9: 612 E Church St., Martinsville, VA
  • PM Auction Tract 10: 1111 Chatham Hgts Rd., Martinsville, VA
  • PM Auction Tract 11: 1121 Chatham Hgts Rd., Martinsville, VA
  • PM Auction Tract 12: 1414 Mountain Rd., Martinsville VA
  • PM Auction Tract 13: 1776 Trenthill Dr., Bassett, VA
  • PM Auction Tract 14: 126 Dexter St., Martinsville, VA
  • PM Auction Tract 15: 64 Beaver Rd., Martinsville, VA
  • PM Auction Tract 16: 900 Banks Rd., Martinsville, VA
  • PM Auction Tract 17: 902 Banks Rd., Martinsvile, VA
  • PM Auction Tract 18: 634 Fayette St., Martinsville, VA
  • PM Auction Tract 19: 224 Pine St., Martinsville, VA
  • PM Auction Tract 20: 208 Stuart Street, Martinsville, VA
  • PM Auction Tract 21: 1204 Chatham Hgts Rd., Martinsville, VA
  • PM Auction Tract 22: 841 Liberty St., Martinsville, VA
  • PM Auction Tract 23: 907 Liberty St., Martinsville, VA
  • PM Auction Tract 24: 915 Liberty St., Martinsville, VA
  • PM Auction Tract 25: 911 Liberty St., Martinsville, VA
  • PM Auction Tract 26: 913 Liberty St., Martinsville, VA
  • PM Auction Tract 27: 909 Liberty St., Martinsville, VA
  • PM Auction Tract 28: 112 Ellsworth St., Martinsville, VA
  • PM Auction Tract 29: 110 Ellsworth St., Martinsville, VA
  • PM Auction Tract 30: 116 Ellsworth St., Martinsville, VA
  • PM Auction Tract 31: 111 Maple St., Martinsville, VA
  • PM Auction Tract 32: 115 Maple St., Martinsville, VA
  • PM Auction Tract 33: 119 Maple St., Martinsville, VA
  • PM Auction Tract 34: 114 Maple St., Martinsville, VA
  • PM Auction Tract 35: 1206 Chatham Hgts Rd., Martinsville, VA
  • PM Auction Tract 36: 112 Maple St., Martinsville, VA
  • PM Auction Tract 37: 109 Maple St., Martinsville, VA
  • PM Auction Tract 38: 117 Maple St., Martinsville, VA
  • PM Auction Tract 39: 122 Maple St., Martinsville, VA
  • PM Auction Tract 40: 1413 Rivermont Hts., Martinsville, VA
  • PM Auction Tract 41: Vacant lot beside 907 Hunting Ridge Road (P1), Martinsville, VA

Broker Participation

Any broker actively licensed in the Commonwealth of Virginia whose agent properly registers the successful high bidder will be paid a two percent (2%) commission at settlement by the Seller. Registration must be on a Woltz & Associates, Inc. Broker Participation Application form and contain the name, address and signature of agent and prospect as well as Broker’s license number and Federal Tax ID number. The form must be received in the office of Woltz & Associates, Inc. by 12:00 noon on November 15, 2022. If prospect attends preview, agent must attend with prospect. Additionally, agent must attend sale and co-register with prospect on auction day. Only the first broker to register the high bidder will be paid a commission. Agents acting as principals, on behalf of licensed real estate agents, on behalf of family members, on behalf of entities in which they hold an ownership interest or who represent prospects who have had prior contact with seller or auction company are not eligible. Only one registered bidder per agent.

Terms & Conditions Of Auction

1. REGISTRATION: Bids will be accepted only from registered bidders. Registration begins at 9:00 AM for the AM SESSION and 3:00 PM for the PM SESSION. Please bring a driver’s license for identification.
2. AUCTION SALE: The property will be sold subject to seller confirmation of the high bid. ALL CONFIRMED SALES ARE FINAL: All property is auctioned “AS IS, WHERE IS” with all faults in its condition at the time of sale without recourse by way of refund, reduction of the purchase price, or otherwise. Bidders should perform such independent investigation with respect to the property as they deem necessary or appropriate.
3. FINANCING: Your bidding and purchase of the property is NOT CONDITIONAL UPON FINANCING. Be sure you have arranged financing, if needed, and are capable of paying cash at closing.
4. LIABILITY: Bidders inspecting property enter at their own risk. Auction Company and Seller assume no risk for bodily injury or damage to personal property.
5. BIDDING: Qualified bidders may bid on individual tracts or any grouping of tracts. The auctioneer will determine all bid increments. All decisions by the auctioneer regarding bid acceptance are final.
6. ANNOUNCEMENTS: Announcements on day of sale take precedence over all prior releases, verbal and written, concerning this auction sale.
7. BUYER’S PREMIUM: The Buyer’s Premium on the real estate is 5% of the high bid amount. The Buyer’s Premium will be added to the high bid to determine the final sale price.
8. AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER.
9. LEAD PAINT: The majority of the properties in this auction were built prior to 1978 and may contain lead-based paint. A lead-paint inspection may be performed by bidders prior to the auction sale date. Applicable lead paint documents and information are available from Auction Company. Bidders will be provided a lead-paint disclosure prior to signing a real estate purchase agreement and agree to waive the ten (10) day right to inspection after the auction sale.
10. REAL ESTATE DEPOSIT: A deposit in the amount of ten percent (10%) of the contract sale price will be required on day of sale. The deposit is payable by cash, cashier’s check, or pre-approved personal check payable to Woltz & Associates, Inc. Escrow Account. Personal checks will be approved if the Buyer presents a bank letter stating that the Buyer is a customer of the bank and the checking account is in good standing.
11. REAL ESTATE DEED: The real estate will be conveyed by Special Warranty Deed free and clear of liens, subject, however, to any rights of way, easements and restrictions of record. The balance of the purchase price is due at settlement on or before January 31, 2023. There will be no assigning of tracts or deeds between bidders. Tracts will be deeded in the manner purchased at the auction.
12. BOUNDARY LINES: Boundaries on aerial photos and topo maps are approximate.
13. GENERAL: The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, error, or omissions is assumed by the Seller or the Auction Company.
14. LEASES: Copies of all the leases we have are on our web site and all properties are being sold subject to their existing lease. Rents posted in brochure and on website are from management company and are believed to be accurate.

SOLD – Smith River Land Auction: 1,244± Acres – Offered in 17 Parcels

The Smith River in Franklin and Henry Counties is one of the state’s most unique trout fisheries. The cold water
released from Philpott Dam provides miles of quality trout water and offers excellent fishing opportunities throughout the year. Approximately 31 miles from Philpott Dam downstream to State Route 636 (Mitchell Bridge) are special regulation brown trout waters.

The section of the Smith River north of Mitchell Bridge is known as the big trout waters!!!!!! The Smith River was named one of the best fishing rivers in Southwestern Virginia by the readers of Virginia Living Magazine.

Access trails have been placed on the property that can be used to access the interior and river frontage by using four wheelers, side by sides, golf carts or bring your horse or strap up those hiking boots and come explore this beautiful property. Tracts 4-10 access road is gravel and you can drive any vehicle on this road for the rest please use four wheelers or hike.

  • Great location close to Martinsville Speedway. How about racing on the river camp ground!!
  • Take a good look investors this parcel has great development potential with over 20,000’ of river frontage and long state road frontage.
  • These are prime building and recreational tracts. If you are looking for privacy, hunting or fishing look no further.

Tract Acreage (±) Smith River Frontage (±)
1 38.2
2 33.7
3 18
4 30.1
5 51.1
6 104.1 555’
7 92.0 2,026’
8 114.3 3,606’
9 85.8 1,959’
10 92.8 1,688’
11 36.7 1,354’
12 37.1 730’
13 26.8
14 44.2 1,243’
15 143.2 7,361’
16 146 2,661’
17 144

Note: Access roads and view trails have been provided, if wet conditions exist, please walk

Property Location

Put 2900 Mitchell Road, Ridgeway, Virginia in your phone and that will put you right in the middle of the property. Watch for auction signs.

Broker Participation

Any broker actively licensed in the Commonwealth of Virginia whose agent properly registers the successful high bidder will be paid a two percent (2%) commission at settlement by the Seller. Registration must be on a Woltz & Associates, Inc. Broker Participation Application form and contain the name, address and signature of agent and prospect as well as Broker’s license number and Federal Tax ID number. The form must be received in the office of Woltz & Associates, Inc. by 12:00 noon on November 16, 2022. If prospect attends preview, agent must attend with prospect. Additionally, agent must attend sale and co-register with prospect on auction day. Only the first broker to register the high bidder will be paid a commission. Agents acting as principals, on behalf of licensed real estate agents, on behalf of family members, on behalf of entities in which they hold an ownership interest or who represent prospects who have had prior contact with seller or auction company are not eligible. Only one registered bidder per agent.

Terms & Conditions of Auction

REGISTRATION: Bids will be accepted only from registered bidders. Registration begins at 10:00 AM. Please bring a driver’s license for identification.
AUCTION SALE: This auction is subject to approval by the circuit court of Henry County. All sales approved by the court 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.
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.
LIABILITY: Bidders inspecting property enter at their own risk. Auction Company assumes no risk for bodily injury or damage to personal property.
BIDDING: Qualified bidders may bid on individual tracts or any grouping of tracts. The auctioneer will determine all bid increments. All decisions by the auctioneer regarding bid acceptance are final.
ANNOUNCEMENTS: Announcements on day of sale take precedence over all prior releases, verbal and written, concerning this auction sale.
BUYER’S PREMIUM: The Buyer’s Premium on the real estate is 5% of the high bid amount. The Buyer’s Premium will be added to the high bid to determine the final sale price.
AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER.
REAL ESTATE DEPOSIT: A deposit in the amount of ten percent (10%) of the contract sale price will be required on day of sale. The deposit is payable by cash, cashier’s check, or pre-approved personal check payable to Woltz & Associates, Inc. Escrow Account. Personal checks will be approved if the Buyer presents a bank letter stating that the Buyer is a customer of the bank and the checking account is in good standing.
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 45 days after court approval of sale. Sale subject to final court approval. There will be no assigning of tracts or deeds between bidders. Tracts will be deeded in the manner purchased at the auction.
BOUNDARY LINES: Boundaries on aerial photos and topo maps are approximate. Refer to survey for exact boundary locations.
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.

SOLD – Real Estate Auction: 442± Acres Offered in 8 Tracts

 

Real Estate Auction 6/29/23 @ 1:00pm, at Peterstown Middle School. Don’t miss the opportunity to own one of Monroe County’s most sought after farm estates. This incredible 442± property is truly one of a kind, w/3 residential homes, multiple barns & outbuildings, farm & forest roads throughout, & so much to offer from the agricultural & recreational standpoints. Property would make the ideal family retreat or working farm. Lower elevations of the property offer an abundance of pastureland while higher elevations consist of mixed timber & provide beautiful countryside views. Enjoy the seclusion & privacy Monroe County offers, yet feel secure being within 5 minutes of Peterstown, 30 minutes to Princeton, & 45 minutes from Blacksburg, VA. Property to be offered in individual tracts or any combination of tracts. Main house = 1,607sqft; Guest House 1 (2 bedrooms, 1 bath, no kitchen) = 708 sqft; Guest House 2(2 bedrooms, 2 bathrooms) = 1,248 sqft.
PROPERTY PREVIEW: June 25th, Noon-3:00pm.

*Hold Harmless (in Documents) must be signed & sent to LA’s office before accessing any of the trails on property. May be sent to reaves@woltz.com

 

  • Three Residential Homes On The Property
  • Perfect Mountain Getaway
  • Pasture & Wooded Land
  • Breathtaking Mountain & Countryside Views
  • Adjoins Appalachian Trail
  • Multiple Barns And Outbuildings
  • Quality Fencing Throughout The Property, Including High-Fence Area
  • Three Small Farm Ponds
  • Koi Pond (Behind Main House)
  • Farm Roads And Trails Wind Throughout The Property
  • Five Minutes To Peterstown, WV
  • 30 Minutes To Princeton, VA
  • 45 Minutes To Blacksburg, VA
  • 1:30 Minutes To Roanoke, VA
  • No Zoning In Monroe County
  • Approximately 110 Acres Of Open Land And 350 Acres Of Wooded Land
  • Abundant Wildlife
  • 2021 Real Estate Taxes = 1,699.21 (Estimated)
  • Property In Farm-Use (Discounted Tax Rate)

 

Tract Acreage (±)
1 5.408
2 21.563
3 14.550
4 48.598
5 26.957 (3 residential homes)
6 152.673
7 80.687
8 91.873

Tract 5 has non-exclusive water rights to spring on tract 6 to existing structures.
Tract 3 has non-exclusive water rights to spring feeding water trough from tract 7.
Tract 4 has non-exclusive water rights to spring feeding water troughs.
Adjacent property owner has non-exclusive rights to spring on Tract 7 along with right to maintain waterline through Tracts 7, 8, 4, and 3.

 

Utilities

  • Electricity = Appalachian Power
  • Internet = Viasat 
  • Water = Spring (all three houses)
  • Sewer = Septic (Main and Guest House #1 combined, separate septic for Guest House #2)

Main Houses (On Tract 5)

Click for Additional Photos of Main House

  • Built in 1996 (According to Tax Cards)
  • 1,607± Square Feet
  • 2 Bedrooms
  • 2 Bathrooms
  • Large family room with floor to ceiling windows and adjacent space for long dining table.
  • Mexican Saltillo tiles with designer-selected wall tiles in the main house kitchen.
  • Office with exterior door to exterior stone deck 
  • Full size washer and dryer
  • Additional freezer
  • Mudroom
  • Stone Exterior
  • Attached Greenhouse
  • Large stone deck with stone grill for entertaining
  • Pool adjacent to the house (not in use – liner torn) 
  • Metal roof
  • Central Air
  • Heat Pump 
  • Koi pond

Guest House #1 (On Tract 5)

Click for Additional Photos of Guest House #1

  • Built in 1984 (According to Tax Cards)
  • 708± Square Feet
  • 2 Bedrooms, one with loft with wooden stairs to loft
  • 1 Full large Bathroom
  • Living room with two-side exposure
  • Metal Roof
  • Stone Exterior
  • Refrigerator, but no Kitchen 
  • Wrap around deck
  • Propane heat
  • No AC
  • Spring and Septic hooked up to main house
  • Water heater = propane

Guest House #2 (On Tract 5)

Click for Additional Photos of Guest House #2

  • Built in 1996 (According to Tax Cards)
  • 1,248± Square Feet
  • 2 bedrooms
  • Large dining space
  • Family room with floor to ceiling windows overlooking pastures and rolling hills
  • 2 full bathrooms
  • Log siding exterior
  • Covered front and back deck
  • Propane Heat
  • Air = Heat Pump
  • Spring (hooked up to main house)
  • Septic 
  • Water heater = Propane

Directions

From Blacksburg: Take US-460 West for 28 miles, turn right onto Old Virginia Ave, in 0.3 mile take right onto Federal St. towards Peterstown, WV. Travel 2.1 miles and keep left onto Market St. In 1.4 miles take right onto Green Valley Rd. Travel 1.6 miles – property is on your right.

Location Map

 

Place Distance from Subject Property
Princeton, WV 23 Miles
Blacksburg, VA 37 Miles
Roanoke Airport 77 Miles

 

Auction for:
1696 Green Valley Rd.
Peterstown, WV 24963

 June 29, 2023, at 1:00 PM ET
Auction Location: Peterstown Middle School
5414 Ballard Red Sulphur Pkwy, Peterstown, WV 24963

AUCTION SALE:  The Property will be sold subject to Seller’s confirmation of the high bid minimum bid for all tracts $1,000,000.  Purchaser will execute 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. 

  1. 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 immediately following SELLERS acceptance of the bid. Buyer may wire funds ($25.00 wire fee), present a cashier’s check or personal check with a bank letter of good standing for the earnest money deposit.
  2. FINANCING:  Your bidding and purchase of the property are NOT CONDITIONAL UPON FINANCING.  Be sure you have arranged financing, if needed, and are capable of paying cash at settlement.
  3. LIABILITY:  Bidders inspecting property enter at their own risk.  Auction Company and Seller assume no risk for bodily injury or damage to personal property.
  4. HOLD HARMLESS: The Hold Harmless must be signed and submitted to Auction Company’s office before accessing any of the trails on the property [See woltz.com for Hold Harmless form].
  5. 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.
  6. AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER.
  7. REAL ESTATE DEED AND POSSESSION:  The real estate will be conveyed by a General Warranty deed to be prepared at the expense of the Seller and the cost of West Virginia deed transfer 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 which shall be on or before August 14, 2023.  The contract to purchase is not assignable.  Possession of the Property shall be given to the buyer at settlement.
  8. BOUNDARY LINES:  Boundaries on aerial photos, topographic maps, and otherwise, are approximate and are subject to verification by all parties relying on them.
  9. DISCLOSURE: Adjacent property owner, Tim Bradley, has non-exclusive rights to spring on Tract 7 along with the right to maintain waterline through Tracts 7, 8, 4, and 3. Tract 5 has non-exclusive water rights to spring on Tract 6 to existing structures. Tract 4 has non-exclusive water rights to spring feeding water troughs. Tract 3 has non-exclusive water rights to spring feeding water trough from Tract 7. If any of the Tracts 3-8 sell individually the Road Maintenance Agreement will go into effect. The acreage on our brochure was estimated prior to the completion of the survey and differs slightly from the final plat; please refer to the survey for exact acreage and division layout.
  10. BIDDING: The bidding is hereby offered to registered bidders only.
  11. CONFIRMATION: All auction tracts are sold subject to Seller Confirmation.
  12. 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.
  13. BROKER PARTICIPATION: Any appropriately licensed West 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, June 28, 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.
  14. 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.

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.

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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.