Bid Online Now: A Recreational Paradise – Land Auction: 2,395± Acres

Invest in Your Own Recreational Paradise!

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

 

Smyth County, Virginia Tracts

 

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

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

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

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

Washington County, Virginia Tracts

 

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

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

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

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

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

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

Russell County, Virginia Tract

 

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

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

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

Terms & Conditions of Auction for Online Bidding

Independence Lumber
Russell, Smyth and Washington Counties, Virginia

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

  1. AUCTION SALE:  The Property will be sold subject to Seller’s confirmation that the contract sales price is at or above the reserve price and subject to execution of the Auction Real Estate Purchase Agreement as required in Paragraph 2. The property is auctioned “AS IS, WHERE IS” with all faults in its condition at the time of sale without recourse by way of refund, reduction of the purchase price, or otherwise.  Bidders should perform such independent investigation with respect to the property as they deem necessary or appropriate. Bidding signifies you have read and are in agreement with the terms and conditions of the auction.  If you do not agree with the terms and conditions of this auction Do Not Bid!
  2. REAL ESTATE DEPOSIT: The Buyer is required to pay a deposit in the amount of ten percent (10%) of the contract sales price and sign an Auction Real Estate Purchase Agreement within twenty-four hours (24) of sale day, executed and delivered via email. Buyer may wire funds ($25.00 wire fee) or overnight a cashier’s check for the earnest money deposit at Buyer’s expense.
  3. FINANCING:  Your bidding and purchase of the property are NOT CONDITIONAL UPON FINANCING.  Be sure you have arranged financing, if needed, and are capable of paying cash at settlement.
  4. LIABILITY:  Bidders inspecting property enter at their own risk.  Auction Company assumes no risk for bodily injury or damage to personal property.
  5. ANNOUNCEMENTS:  Announcements on day of sale take precedence over all prior releases, verbal and written, concerning this auction sale.
  6. BUYER’S PREMIUM:  The Buyer’s Premium on the real estate is five percent (5%) of the high bid amount.  The Buyer’s Premium will be added to the high bid to determine the final contract sales price.
  7. AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER.
  8. REAL ESTATE DEED AND POSSESSION:  The real estate will be conveyed by a Quit-claim deed to be prepared at the expense of the Seller and the cost of Virginia Grantor’s tax shall be borne by the Seller. It is agreed the Property is being conveyed free and clear of liens, subject, however, to any rights of way, easements, and restrictions of record.  The balance of the purchase price is due at settlement on or before June 11, 2021.  The contract to purchase is not assignable.  Possession of the Property shall be given to the buyer at settlement.
  9. BOUNDARY LINES:  Boundaries on aerial photos, topographic maps, and otherwise, are approximate and are subject to verification by all parties relying on them.
  10. SALE IS SUBJECT TO COURT APPROVAL: The auction is being conducted for the Receiver appointed in the case of First National Bank of Pennsylvania v. Independence Lumber, Inc., in the United States District Court for the Middle District of North Carolina (Case No. 1:20CV637), and the sale is subject to approval of the Court.  The Receiver will request Court approval promptly after the signing of the Auction Real Estate Purchase Agreement and receipt of the Buyer’s deposit.  If approved, the Court Order will provide for the Buyer to receive at settlement title to the property free and clear of all liens, claims, and encumbrances.
  11. BIDDING AND SOFT CLOSE: The Soft close will allow extended bidding until no bids are placed for five minutes. If a bid is placed within the last five minutes an additional five minutes will be added to ensure everyone gets time to place their bid.
  12. BROCHURE CORRECTION: The minimum bid for Tract 7 is $31,100, not $3,110 as noted on the brochure.
  13. GENERAL: The information contained in the brochure, on woltz.com, all advertising, and the Bidder’s Information Packet is subject to verification by all parties relying on them.  No liability for its accuracy, error, or omissions is assumed by the Seller or the Auction Company.

Real Estate Auction: City of Salem Delinquent Tax Properties

Valuable parcels of real estate located throughout the City of Salem are being offered for sale on behalf of Mark D. Kidd, Special Commissioner. The properties are located in areas zoned RSF (Residential Single Family District), HBD (Highway Business District) or LM (Light Manufacturing District). There are no minimum bids. A five percent (5%) buyer’s premium will be added to the high bid to determine the sale price.

Property information is also available on the Real Estate and GIS sections of the City of Salem website – https://salemva.gov/

Basic Terms & Conditions of Auction

  1. REGISTRATION: Bids will be accepted only from registered bidders. Registration begins at 9:00 AM. Please bring your driver’s license for identification. A prospective bidder who owns property in the City of Salem for which any local taxes are past due will not be permitted to register or bid.
  2. AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER, MARK D. KIDD, SPECIAL COMMISSIONER.
  3. AUTHORITY FOR SALE: The sale is by Order of the City of Salem Circuit Court. All properties will be sold at auction subject only to City of Salem Circuit Court confirmation. The hearings on confirmation of the sales of the properties will be held at 1:30 PM on May 6, 2021.
  4. TERMS OF SALE: All property is sold “AS IS, WHERE IS” and with any faults. No warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries and due diligence with respect to the property as they deem necessary or appropriate. Inspection of the properties is performed at the potential bidder’s own risk. Except for the required Circuit Court approval referenced in paragraph 3, all sales are final.
  5. The properties are sold subject to any applicable conditions or easements of record including utilities, construction, sewer, water, storm water or drainage and any homeowners’ associations’ covenants and restrictions.
  6. ANNOUNCEMENTS: Announcements made on the day of sale take precedence over all prior communications, verbal and written, concerning this sale. Detailed terms and conditions will be provided on the day of sale.
  7. BUYER’S PREMIUM: A Buyer’s Premium will be charged. The Buyer’s Premium is five percent (5%) of the high bid amount. The Buyer’s Premium will be added to the high bid amount to determine the sale price.
  8. DEPOSIT ON REAL ESTATE: Immediately following the sale, successful bidders will be required to sign an Offer of Purchase, a copy of which is available from the Auction Company. The successful bidder must pay a deposit in the amount of ten percent (10%) of the purchase price (high bid plus Buyer’s Premium) at the time the Offer of Purchase is signed on the day of sale. The deposit is payable by cash, cashier’s check or pre-approved personal check made payable to Mark D. Kidd, Special Commissioner. Personal checks will be approved if the Buyer presents, at time of registration, a letter from its bank stating that the Buyer is a customer of the bank and that the account on which the check is drawn is in good standing.
  9. CLOSING DATE: The balance of the purchase price is due within fifteen (15) days following entry of the decree confirming the sale. This is a cash transaction and is not conditioned upon the bidder obtaining financing.
  10. CLOSING COSTS: The purchaser shall pay any Grantor’s tax and all expenses of recording and closing.
  11. TRANSFER OF TITLE: The Real Estate will be conveyed by special warranty deed free and clear of all liens, except as noted in paragraph 4 above and current real estate taxes which shall be prorated.
  12. BIDDER PACKETS: Preliminary Bidder Packets containing assessor’s cards and other information about the properties are available from the Auction Company upon request.
  13. WITHDRAWAL OF PROPERTY: The Seller may withdraw a property from the sale if the current owner exercises its right to redeem before 5:00 PM on April 28, 2021.WEB SITE: Visit www.woltz.com for additional photographs and other information.

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

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

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

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

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

Rifle Colorado Land Offering: 1,115± Acres

Rifle Airpark

Located in the Rifle and Garfield County this premier property contains 1,115 acres surrounding the Rifle Airport. 

This prime parcel is ripe for development and looking for a visionary to complete a great start.

Real Estate Auction: Prime Development Opportunity

1,100± Acres of undeveloped land located in the city of North Augusta, South Carolina just off the Palmetto Parkway (I-520) near Belvedere and less than five miles to downtown. The property is also only 8 miles to Augusta, Georgia, which is the second fastest growing city in Georgia. The land tract was previously marketed as a development that would include up to 1,500 homes, two schools, several commercial centers and 200 acres of greenspace.

The property consists of four tax parcels and is currently zoned as a Planned Development. The property has road frontage on multiple state roads and I-520 runs along most of the 1,100-acre parcel western boundary. The largest privately held land tract in the Town of North Augusta, South Carolina. The 21-acre and 93-acre tracts also front along I-520 on its eastern boundary. The Planned Development Zoning is a perfect zoning for this property as it allows Residential, Retail, Commercial and Industrial with a plan. This is the perfect blank canvas for a developer with vision. Its all with direct access to Palmetto Parkway I-520. Minutes to downtown and a short commute to the Cyber Command, one of Augusta top sites.

North Augusta, South Carolina, located directly across the Savannah River from Augusta, is an integral part of Augusta’s urban core and the Urban Area Master Plan. North Augusta and Augusta are each critical to the other’s economic health and current revitalization. This is the regions fastest growing sector.

 

Thistle Foundry Bankruptcy Auction

 

Real Estate Offered in 3 Tracts

Tract Property Address Tax Map Number Acreage (±) Building SF (±) Assessed Value
1 101 Thistle Street 024A2A 0057   7,399 $143,900
2 108 Thistle Street 024A2A 0059 0.80 17,404 $293,400
3 124 Mill Street 024A2A 0060 1.128 6,760 $156,000
Information taken from Virginia Mass Appraisal Network

Thistle Foundry & Machine Company, founded in 1898 and located in Bluefield, Virginia was one of the ten oldest steel companies in the U.S. This Foundry has supplied steel and metal castings to customers all across the country. The time has come for this longtime business to seek new ownership. Real Estate, foundry equipment, casting patterns, and tools all offered for sale. Take this fully functioning Foundry and make it your own.

 

Additional features in full screen mode

Equipment Sale

• 1988 International S1700 Dump Truck, 142,288 Miles on Odometer
• 1999 GMC Flatbed Truck, Gas, 162,005 Miles on Odometer (Has Not Been Started)
• Daewoo G30S Forklift
• Daewoo G25S Forklift
• Bobcat Skid Steer Model 751
• Carry Safe Company Metal Safe
• Craftsman Bandsaw
• Brickford Drill Press
• Magnaflux Testing Machine Model H-600
• Summit Bandsaw 250M
• Heavy Duty Metal Storage Racks
• Summit Lathe
• Metal Filing Cabinets (Multiple)
• Baird Spectrometer
• Jet JRD 700 Drill Press
• Oster Pipe Threader Model 792A
• 5 Foot Bucket Attachment for Bobcat
• Hammer Attachment for Bobcat
• Kloster Sand Machine
• Misc Hand Tools and Drill Bits
• And much more

Directions

From I-77 Exit 1: Take US-52 N toward Bluefield and go 2.0 miles, using right lane to merge onto US-460 E (Ramp to Princeton) Turn left onto US-19 S. Travel 6 miles and turn right onto Graham Avenue for 0.1 mile. Continue onto Trial of Lonesome Pine/Virginia Avenue for 1.1 miles and turn left onto Thistle Street. Turn right to stay on Thistle Street and property is on right.

Distance

Princeton, WV – 15 miles
Blacksburg, VA – 40 miles
Christiansburg, VA – 40 miles
Wytheville, VA – 40 miles
Beckley, WV – 55 miles
Bristol, VA – 88 miles
Charleston, WV – 111 miles
Roanoke, VA – 113 miles

5% Buyer’s Premium on Real Estate • 10% Buyer’s Premium on Personal Property

Personal Property Pickup Following Sale and February 28 from 8 AM to 4 PM

REAL ESTATE TERMS AND CONDITIONS OF AUCTION

  1. REGISTRATION: Bids will be accepted only from registered bidders. Registration begins at 8:30 AM EST.  Please bring a driver’s license for identification. The personal property auction will immediately follow the real estate auction.
  2. AUCTION SALE: This is a Trustee’s Bankruptcy Auction and the property is being sold ABSOLUTE, subject only to final approval of the U.S. Bankruptcy Court, which we will obtain promptly after the sale. 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.
  3. AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER, ANDREW S. GOLDSTEIN, CHAPTER 7 TRUSTEE, FOR THISTLE FOUNDRY & MACHINE COMPANY, INC.
  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 bid on the property. The auctioneer will determine all bid increments. All decisions by the auctioneer regarding bid acceptance are final.
  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 five percent (5%) of the high bid amount. The Buyer’s Premium will be added to the high bid to determine the final sales price.
  9. REAL ESTATE DEPOSIT: A Deposit in the amount of ten percent (10%) of the contract sales price will be required on day of sale. The Deposit is payable by cash, cashier’s check, or certified funds payable to the Trustee, Andrew S. Goldstein.
  10. 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 which shall be within fifteen (15) days of U. S. Bankruptcy Court approval.  Tracts will be deeded in the manner purchased at the auction.
  11. BOUNDARY LINES:  Boundaries on aerial photos are approximate. Refer to the Title Commitment, Schedule A, Legal Description for each tract’s description.
  12. ELECTRICITY: The properties are served by one meter box located on 101 Thistle Street.  If the properties are sold individually, it is the buyer’s responsibility to install a new meter box within thirty (30) days of settlement.
  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. TRUSTEE DOCUMENTS:  Copies of the memorandum of sale and other trustee documents will be available online at woltz.com.

PERSONAL PROPERTY TERMS AND CONDITIONS OF AUCTION

    1. REGISTRATION: Bids will be accepted only from registered bidders. Registration begins on site at 8:30 AM EST. Please bring your driver’s license for identification.  This auction will immediately follow the real estate auction.
    2. TERMS OF SALE: This is a Trustee’s Bankruptcy Auction and the personal property will be sold ABSOLUTE to the highest bidder. All property is sold “AS IS, WHERE IS” on the date of sale without any warranty of merchantability or fitness for a particular purpose. Bidders are responsible for performing such independent investigation with respect to the property as they deem necessary or appropriate. ALL SALES ARE FINAL.
    3. AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER, ANDREW S. GOLDSTEIN, CHAPTER 7 TRUSTEE, FOR THISTLE FOUNDRY & MACHINE COMPANY, INC.
    4. ANNOUNCEMENTS: Announcements day of sale take precedence over all prior releases, verbal and written, concerning this sale.
    5. BIDDING: The auctioneer will determine bid increments.
    6. LIABILITY: Bidders inspecting the property enter at their own risk. Auction Company assumes no risk for bodily injury or damage to personal property.
    7. BUYER’S PREMIUM: A Buyer’s Premium will be charged. The Buyer’s Premium on personal property is ten percent (10%) of the high bid amount. The Buyer’s Premium is added to the high bid amount to determine the sales price.
    8. PAYMENT: All personal property must be paid for in full on sale day by cash, cashier’s check or pre-approved personal or business check made payable to Woltz & Associates, Inc. Buyers will be provided a receipt which must be provided when picking up your items purchased. KEYS & TITLES TO VEHICLES:  Titles and keys to vehicles will be provided upon receipt of payment by cash, cashier’s check or wire transfer.  If a personal or business check is used for the payment of a vehicle, the title and keys will not be provided to the bidder until the check has cleared.
    9. REMOVAL OF PERSONAL PROPERTY: Paid in full receipt must be shown at pickup.  All personal property becomes the responsibility of the buyer at the time of the sale. Neither the Auction Company nor the Seller provides equipment or labor to remove items purchased.  All personal property (with the exception of vehicles for which payment is not made by cash, cashier’s check or wire transfer) must be removed from the property by 4:00 PM EST, Sunday, February 28, 2021, unless prior arrangements are made with the Auction Company.  Lot #34-Forklift and Lot #54-Bobcat skid steer will be used Saturday and Sunday to move equipment.  These two items can be picked up Sunday, February 28, after 2:00 PM EST. Removal Times:  Day of sale and Sunday February 28, 8:00 AM to 4:00 PM EST. 
    1. MACHINERY DISCONNECTS: All electrical, mechanical and plumbing disconnects must be made in a professional and workman-like manner by a licensed contractor. Electrical, mechanical and plumbing terminators shall be made at the nearest junction box or union to the equipment. Any building penetrations removed (g., piping) shall be re-sealed in a professional and workman-like manner at the expense of the machinery purchaser.
    2. GENERAL: The information provided by Seller and Auction Company is deemed accurate but is subject to verification by all parties relying on it. No liability for its accuracy, error, or omissions is assumed by the Seller or Auction Company.
    3. INVENTORY OF PERSONAL PROPERTY: An inventory of personal property being sold will be available at the previews, at woltz.com or upon request to the Auction Company.

Advance Auction Notice: Carroll County 25 Acre Mini-Farm

This is one of the most beautiful small farms to come on the market.

This brick home is by far the best built home anywhere constructed and maintained by a perfectionist. Separate garage/office gives added space and flexibility.

The home  has 2,479SF,  4 bedroom, 2 bath, living room, dining room, large kitchen, den, 2-car garage. Easily accessed on the ground level.

Outstanding views of the Buffalo in Floyd County and other well know mountains to the East.

Ideally located along Rt 100 which allows for easy access to I-77 or I-81.

Real Estate Auction: Crouch Farm – 72± Acres

  • Combination of pasture, hay/cropland, and nice wooded land.
  • Crab Orchard Creek winds through this picturesque farm
  • Short drive to Bedford and Lynchburg

Haywood and Sharon moved back to Huddleston after Haywood’s service in the United States Navy. His dream was to return home, farm the land, raise a family, and retire on his beloved farm. He purchased this land from his grandfather, razed the original house, and raised his family in the home he built. Haywood lived this dream to the fullest. Now their grandson will be keeping the home in the family, and Sharon is offering the remaining 72± acres for someone else to live out their dream.

Interactive Map

Additional features in full screen mode

Directions

Located just off Highway 24/43. Turn south off Highway 24/43 onto Crab Orchard Road. Turn left on Mentow Drive. Property on left where you cross the creek!

Financing

Manuela “Manny” Schabel – Loan Officer| Farm Credit of the Virginias
1356-B American Way Court | P.O. Box 1083 | Bedford, VA 24523
Office: 540.586.2188 Ext. 5812 | Mobile: 540.229.1550 | Fax: 540.586.2189
NMLS # 607336 | MSchabel@FCVirginias.com | FarmCreditofVirginias.com [farmcreditofvirginias.com] | FarmCreditKnowledgeCenter.com [farmcreditknowledgecenter.com]

 

Broker Participation

Any broker actively licensed in the Commonwealth of Virginia whose agent properly registers the successful high bidder will be paid a two percent (2%) commission at settlement by the Seller.  Registration must be on a Woltz & Associates, Inc. Broker Participation Application form and contain the name, address and signature of agent and prospect as well a Broker’s license number and Federal Tax ID number.  The form must be received in the office of Woltz & Associates, Inc. by 12:00 noon on October 22, 2020. If prospect attends preview, agent must attend with prospect. Additionally, agent must attend sale and co-register with prospect on auction day. Only the first broker to register the high bidder will be paid a commission. Agents acting as principals, on behalf of licensed real estate agents, on behalf of family members, on behalf of entities in which they hold an ownership interest or who represent prospects who have had prior contact with seller or auction company are not eligible. Only one registered bidder per agent.

Terms & Conditions of the Auction

  1. REGISTRATION:  Bids will be accepted only from registered bidders.  Registration begins at 10:00 AM.  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 before bidding.
  3. FINANCING:  Your bidding and purchase of the property is not conditional upon financing.  Be sure you have arranged financing, if needed, and are capable of paying cash at closing.
  4. LIABILITY:  Bidders inspecting property enter at their own risk.  Auction Company assumes no risk for bodily injury or damage to personal property.
  5. BIDDING:    The auctioneer will determine all bid increments. All decisions by the auctioneer regarding bid acceptance are final.
  6. ANNOUNCEMENTS:  Announcements on day of sale take precedence over all prior releases, verbal and written, concerning this auction sale.
  7. BUYER’S PREMIUM:  The Buyer’s Premium on the real estate is seven percent (7%) of the high bid amount.  The Buyer’s Premium will be added to the high bid to determine the final contract sales price.
  8. AGENCYThe Auction Company and its representatives represent the Seller.
  9. REAL ESTATE DEPOSIT:  A deposit in the amount of ten percent (10%) of the contract sales price will be required on day of sale.  The deposit is payable by cash, cashier’s check, business or personal check payable to Woltz & Associates, Inc. Escrow Account. 
  10. REAL ESTATE DEED AND CLOSING: The real estate will be conveyed by 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 December 14, 2020.
  11. LAND USE ASSESSMENT:  In the event, the Property is taxed under land use assessment, and this sale results in disqualification from land use eligibility, Seller shall pay any rollback taxes assessed.  If the Property continues to be eligible for land use assessment, Buyer agrees to make application, at Buyer’s expense, for continuation under land use and to pay any rollback taxes resulting from failure to file or to qualify.  Notwithstanding anything herein to the contrary, the provisions of this paragraph shall survive settlement and the delivery of the deed of bargain and sale.
  12. TRANSFER OF TITLE TO REAL ESTATE: The real estate will be conveyed by general warranty deed, free and clear of liens, and subject to all rights, reservations, covenants, conditions, easements, rights-of-way, and restrictions of record, as the same may lawfully apply to the Property, and to all matters which would be disclosed by a survey and inspection of the Property.
  13. BOUNDARY LINES:  Boundaries on aerial photos and topo maps are approximate.
  14. GENERAL: The information contained in the brochure, on the internet or otherwise, is subject to verification by all parties relying on it.  No liability for its accuracy, error, or omissions is assumed by the Seller or the Auction Company.  The mobile home on the property conveys as is.  Seller does not have any paper work or documents on this mobile home.    
  15.  

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

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

More information coming

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

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

Assessed Value $2,215,012

Directions To 19407 Riverside Drive, Grundy, VA 24614

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

More information coming