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Topic: Real Estate Auction

Devore Estate Auction: 271± Acres of Valuable Development Tracts – Residential & Recreational Tracts

Real Estate And Personal Property Auction – Lina C. Devore Estate – 271± Acres Of Rolling Pastures And Wooded Tracts– 3900 SF, 7 Bedroom Two-Story Home – 2003 Mobile Home – Offered In Multiple Tracts

Real Estate

HOME SITES – RECREATIONAL TRACTS – DEVELOPMENT TRACTS

This magnificent 271± acre country estate is located in Montgomery County, Virginia! Offered in multiple tracts and a good mix of rolling pastures and mixed hardwoods. The property also boasts a 3921± SF Two – Story Home that includes 7 bedrooms and 4.1 baths with an attached two car garage. There is also a 1944 SF barn that is situated just in front of the home. Additionally, there is a 2003 mobile home included with this property. This property offers multiple uses and is in a prime location! More information to come! Call today for more information!

Personal Property

Furniture, furnishings, dishware and more! Coming Soon!

PRIME LOCATION – SMALL & LARGE TRACTS BEING OFFERED

MORE INFORMATION WILL BE COMING SOON!

CALL TODAY FOR MORE INFORMATION!

Claytor Lake Real Estate Auction

Click for Online Bidding – Auction Wednesday, March 27 at 2 PM ET (Must be registered to bid – Deadline for Online Bidding Registration March 25 at NOON ET)

Online Viewer (You do not have to register to watch).
YouTube Channel (Watch Live Video during the auction)

If you plan to attend the auction and bid in person, which we hope you do, registration will start March 27, 1 PM at 4100 Adventure Base Road, Radford, VA

Tract 1: 4100 Adventure Base Road, Radford, Va. 63± Acres, with a large event center complete with commercial kitchen, offices, conference rooms, and multiple restrooms. In addition, there are 16 cottages complete with 4 separate bathhouses and three counselor quarters having 5 bedrooms and 4 baths total. Property has a private water Class A water works system and central drain field. There was a special use permit for the Boy Scouts to build docks for the camp which will be removed by current owner. New docks will require new permits to comply with the current shoreline management plan. The removal allows a new buyer to develop the property to meet their desired development plans. All of the contents, commercial kitchen equipment and furniture of the event center, bathhouses and cabins will convey. Property is mostly wooded with 1,757± feet of shoreline located across from the Claytor Lake State Park property. This is a pristine waterfront property with endless potential. Long range lake views are abundant from this property. Please come view the property, in person, at the previews or by appointment.

Tract 2: 6380 Owens Road, Radford, Va. This parcel is improved by a well-built 3 bedroom, 3 bath home with an unfinished, full basement complete with a garage on 4.7± acres with 2,352± finished sq feet. This tract fronts on Owens Road.

Pulaski County is excited about assisting any buyer to accomplish their development plan for this property. There is tremendous potential to create a multitude of uses, they range from institutional educational retreat, campgrounds, event venue, park facility, recreational destination complete with restaurant, cabins, meeting rooms and outdoor amenities to a private corporate compound. Please feel free to reach out to Pulaski County to discuss your development plans.
Contact Markie Saunders at 540.994.2401.

Claytor Lake Shoreline Management Plan

Directions

From I-81 at Radford Exit 105, exit and turn towards Radford. Turn left on Little River Road (605) go 6.5 miles and turn right on Owens Road. Go 2.2 miles to property on right.

Basic Terms & Conditions of the Auction

AUCTION SALE: The Property will be sold subject to Seller’s confirmation of the high bid. 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.
REAL ESTATE DEPOSIT: The Buyer is required to pay a NONREFUNDABLE 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.
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.
LIABILITY: Bidders inspecting property enter at their own risk. Auction Company and Seller assume no risk for bodily injury or damage to personal property.
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.
AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER.
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 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 May 29, 2024. The contract to purchase is not assignable. Possession of the Property shall be given to the buyer at settlement.
BOUNDARY LINES: Boundaries on aerial photos, topographic maps, and otherwise, are approximate and are subject to verification by all parties relying on them.
BIDDING: The bidding is hereby offered to registered bidders only. Registration for on-site opens at 1:00PM on the day of sale.
CONFIRMATION: All auction tracts are sold subject to Seller Confirmation.
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.
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, March 26, 2024. 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.
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.
Online Bidders must register by NOON on Monday, March 25, 2024.

Real Estate Auction: 3 Bedroom, 3 Bath Home

6380 Owens Road, Radford, Va. This parcel is improved by a well-built 3 bedroom, 3 bath home with an unfinished, full basement complete with a garage on 4.7± acres with 2,352± finished sq feet. This tract fronts on Owens Road. (Tract 2)

Directions

From I-81 at Radford Exit 105, exit and turn towards Radford. Turn left on Little River Road (605) go 6.5 miles and turn right on Owens Road. Go 2.2 miles to property on right.

Basic Terms & Conditions of the Auction

AUCTION SALE: The Property will be sold subject to Seller’s confirmation of the high bid. 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.
REAL ESTATE DEPOSIT: The Buyer is required to pay a NONREFUNDABLE 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.
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.
LIABILITY: Bidders inspecting property enter at their own risk. Auction Company and Seller assume no risk for bodily injury or damage to personal property.
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.
AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER.
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 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 May 29, 2024. The contract to purchase is not assignable. Possession of the Property shall be given to the buyer at settlement.
BOUNDARY LINES: Boundaries on aerial photos, topographic maps, and otherwise, are approximate and are subject to verification by all parties relying on them.
BIDDING: The bidding is hereby offered to registered bidders only. Registration for on-site opens at 1:00PM on the day of sale.
CONFIRMATION: All auction tracts are sold subject to Seller Confirmation.
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.
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, March 26, 2024. 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.
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.
Online Bidders must register by NOON on Monday, March 25, 2024.

SOLD – Real Estate Auction: Sold For Robert L. Johns, Chapter 7 Bankruptcy Trustee for Bankruptcy Estate of Rumley Oil, Inc.

If you plan to attend the auction and bid in person, which we hope you do, registration will start March 14, 11 AM on-site.

Location • Location • Location

Property currently assessed for $188,900 and previously sold in 2006 for $200,000.

Property Sold As Is

Directions

From stop light on Virginia Ave. (Hwy. 460) in Narrows, turn North on Fleshman St. and immediate left on Old Virginia Ave. Property on the right.

Basic Terms & Conditions of Auction

AUCTION SALE: The property will be sold subject to Bankruptcy Court Approval of the highest bid. Purchaser will execute the Auction Real Estate Purchase Agreement as required in Paragraph 2 immediately following the auction. 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.
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.
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.
LIABILITY: Bidders inspecting property enter at their own risk. Auction Company and Seller assume no risk for bodily injury or damage to personal property.
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.
AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER. Robert L. Johns Chapter 7 Trustee for the Bankruptcy Estate of Rumley Oil, Inc.
REAL ESTATE DEED AND POSSESSION: The real estate will be conveyed by a Special Warranty deed to be prepared at the expense of the Seller and the cost of 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 30 days from Approval of Bankruptcy Court. The contract to purchase is not assignable. Possession of the Property shall be given to the buyer at settlement.
BOUNDARY LINES: Boundaries on aerial photos, are approximate and are subject to verification by all parties relying on them.
DISCLOSURE: Seller has provided a Phase One Environmental Assessment for purchaser to review prior to bidding.
BIDDING: The bidding is hereby offered to registered bidders only. Registration for on-site opens at 11:00 AM on the day of sale.
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.
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.
Online Bidders must register by NOON on March 12, 2024.

Download our App:

SOLD – 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

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: 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.
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 and Sellers assume 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, 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.
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.
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.
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 )

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.

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.
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.
LIABILITY: Bidders inspecting property enter at their own risk. Auction Company and Seller assume no risk for bodily injury or damage to personal property.
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].
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.
AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER.
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.
BOUNDARY LINES: Boundaries on aerial photos, topographic maps, and otherwise, are approximate and are subject to verification by all parties relying on them.
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.
BIDDING: The bidding is hereby offered to registered bidders only.
CONFIRMATION: All auction tracts are sold subject to Seller Confirmation.
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.
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.
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

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.
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.
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.
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 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.
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.
dUE DILIGENCE: all property information is deemed accurate and reliable. Buyer and, if applicable, Buyer’s Agent to verify any and all information.
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.
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.
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.
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.
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.