Blue Ridge Parkway - Patrick County, Virginia

Real Estate Auction
48± Acres - Offered in 3 Tracts

May 22, 2010 at NOON
Auction Held at Olde Mill Golf Course
2358 Stone Mountain Road, Laurel Fork, VA 24352

Preview land at your leisure Auctioneers will be on site for Open Houses on Saturday, May 8 and Sunday, May 16 from 1 to 4 PM.

Land, Cabin, Views, Pond, Hayfield, Hardwoods

110 Renfro Ridge Road, Hillsville, VA 24343

Tract 1: 14.465± acres. Cabin, Hardwoods, Waterfall
Tract 2: 23.114± acres. House Foundation, well, septic, Fir trees, open land, wooded
Tract 3: 11.006± acres. Pond, dock and secluded building site
Tract 4: Christmas Trees

Tract 1 is enhanced by a quaint one room log cabin with kitchenette, loft and full bath. The fully modern cabin was constructed out of old, hand-hewn logs in the late 1990’s.
The porch of this beautiful cabin offers unsurpassed views of the surrounding mountains. This tract has a few firs near the cabin, but the majority of the land is forested with nice mature hardwood trees and tall Rhododendrons. Stroll through the Rhododendrons to the waterfall on this tract.

Tract 2 has a house foundation with well and septic in place. Come build your dream home or cabin on this beautiful site with long range views. This parcel has 7,305 Canaan and Fraser Fir Christmas trees planted on it that will be offered separately. There is a small barn/tractor shed and a combination of open (level hayfield) and wooded land. This tract also has a hardwood forest with beautiful Rhododendrons and bold mountain stream.

Tract 3 has a wonderful secluded building site nestled on a ridge above the spring fed pond. Come watch the trout feed and enjoy this beautiful oasis. The majority of this parcel is forested with large hardwood timber, Rhododendrons and 2 waterfalls.

Tract 4 There are 925 Canaan Firs that are 5’ to 6’ tall and 5,380 Fraser Firs that are 4’ to 5’ tall, for a grand total of 7,305 trees.

Christmas Trees Offering: The Christmas trees located on tract 2 will be offered separately from the land with a four year tree agreement. The purchaser of the trees will be allowed access to maintain and harvest the trees. There are 925 Canaan Firs that are 5’ to 6’ tall and 5,380 Fraser Firs that are 4’ to 5’ tall, for a grand total of 7,305 trees. The trees will be offered separately but if a purchaser is interested in the land and the trees they will be able to purchase both and keep them intact.

Auction information available: RAPS at Orchard Gap MP 193.5 on the Parkway.

Photos

Aerial Photography

Boundaries shown on aerial photographs and topographical maps, which are provided by Auction Company as a courtesy to bidders, are approximate. Bidders should refer to the surveys provided in the Bidder Packet for boundary locations.

Topographic Map

Documents

Tax Assessment
Survey

Directions

Directions to Property: This fine property is located near Puckett Cabin at Mile Post 190 on the Blue Ridge Parkway. Just North of Puckett Cabin, turn West on Renfro Ridge Road and bear right into the property. It is only 9.5 miles to Fancy Gap.

Directions to Sale Site:
From Hillsville: Go East on Rt. 58 for 13 miles. Turn right on Rt. 645 (Stone Mountain Road) and go 2.3 miles to the Auction Site.
From Stuart, VA: Go West on Rt. 58 for 24 miles. Turn left on Rt. 645 (Stone Mountain Road) and go 2.3 miles to the Auction Site.

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 May 21, 2010. 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

REGISTRATION: Bids will be accepted only from registered bidders. Registration begins at 11:00 a.m.. Please bring a driver’s license for identification.
AUCTION SALE: All property will be sold subject to seller confirmation and 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: You’re 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 and Christmas Trees is 5% of the high bid amount. The Buyer’s Premium will be added to the high bid to determine the final sale price.
TREE AGREEMENT: Auction Tract #4 - The Christmas Trees will be offered separately with a four year tree agreement. The purchaser of the trees, if sold separately from the land, will be allowed to enter the property for four years to maintain and harvest the trees. At the termination of the four year tree agreement, the remaining trees will become the property of the owner in fee for Tract 2.
AGENCY: The Auction Company and its representatives represent the Seller.
LEAD PAINT: The residential property (the cabin) was built prior to 1978 and may contain lead-based paint. A lead-paint inspection may be performed by bidders prior to the auction sale date. Applicable lead paint documents and information are available from Auction Company. Bidders will be provided a lead-paint disclosure prior to signing a real estate purchase agreement and agree to waive the ten (10) day right to inspection after the auction sale.
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 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 July 7, 2010. 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.

Contact

For more information, please contact Sam Hardy (VA# 2535) or Russell Seneff (VA#1185)
Phone Number: (540) 342-3560 or 800-551-3588
Email: Sam or Russell