Craig County, Virginia

Four Real Estate Auctions
Total of 1,159± Acres

Sold

8± Miles of Common Boundary with Jefferson National Forest

Sale 1 - Tract 1

These sales offer a rare opportunity to purchase more than 1,100 contiguous acres near the community of Maggie in the Upper Johns Creek Valley of beautiful Craig County. The properties have more than 8 miles of common boundary with the Jefferson National Forest. Elevations range from 1,900 to 2,300 feet. The properties offer open and wooded land, long views, streams, timber and abundant wildlife including deer, turkey, grouse and bear. This unspoiled paradise, located less than 25 miles from Blacksburg, has beautiful meadows of ferns and wildflowers and features interior roads and paths lined with mountain laurel, flame azalea and rhododendron. It is hard to imagine a more perfect private retreat located.

Sale 1: 1,012± Acres Offered in 16 Tracts - Sold ABSOLUTE

The property in the sale includes approximately 6½ miles of common boundary with the Jefferson National Forest. With the exception of Tracts 7, 9, 10, 13 and 16, all tracts share at least one boundary with the National Forest. All tracts have one or more creeks, branches or springs, including Little Oregon Creek, Porterfield Creek and Muddy Fork Branch. Improvements include a four bedroom home, barns and other outbuildings, and a hunting cabin. The property offers pasture, woods, open land and spectacular views of the surrounding mountains.

This sale is being conducted on behalf of the Estate of Robert E. Dunbar. Mr. Dunbar lived on the property and spent a lifetime accumulating this acreage. He farmed the land and also had a full-time job. This auction provides an opportunity for someone to buy some or all of a desirable large land boundary. It is identified as Craig County Tax Map Parcels 78-A-2, 78-A-3A, 78-A-4, 78-A-5, 78-A-6, 78-A-7, 78-A-8, 78-A-9, 78-A-9A, 78-A-10, 78-A-12, 78-A-13 and 78-A-15A.

Sale 1 - Tract 2 Sale 1, Tract 3

Sale 1, Tract 4

Sale 1, Tract 5

Sale 1, Tract 7 Sale 1, Tract 16

Sale 1, Tract 16

Tract 1: Perfect secluded parcel containing 63.8± acres is located approximately 3 miles from the end of state road maintenance and provides outstanding views. A small portion of this tract is in hayfields. The remainder is hardwood forest and open land. National Forest Boundary: 2,934± linear feet.

Tract 2: This 74.6± acre parcel features approximately 30 aces of hayfields with the remainder in hardwood forest. There is an old barn which collapsed under the snow of last winter. The tract offers spectacular 360 degree views. National Forest Boundary: 4,898± linear feet.

Tract 3: A log hunting cabin sits at the edge of this 99.8± acre parcel which is mostly wooded. There is a small hayfield from which there are spectacular views. National Forest Boundary: 4,043± linear feet.

Tract 4: Tract 4, which is 43.3± acres, offers mature timber, a large hayfield and great views. National Forest Boundary: 4,196± linear feet.

Tract 5: There are mature white pines and oaks on this 92.3± acre tract which has 4,688± linear ft. of common boundary with the Jefferson National Forest.

Tract 6: This 58.3± ac. parcel offers timber and views. National Forest Boundary: 1,041± linear feet.

Tract 7: Tract 7 is 67.5± acres of open and wooded land. It features a level ridge with great views.

Tract 8: This 78.4± acre parcel has 4,696± linear ft. of common boundary with the Jefferson National Forest and features open land, hardwood forest and breathtaking views. The 2,300 ft. elevation of this tract is the highest in the sale.

Tract 9: This 33.6± acre tract offers unsurpassed 360 degree views of the surrounding mountains. The timber has been cut from this tract which now has young Virginia pine growth. One ridge has a small cemetery where a Confederate soldier is buried.

Tract 10: Hardwoods and pines are abundant on this 45.1± acre parcel which features a level ridge top with views.

Tract 11: The 82.9± acres of this parcel feature hardwoods and pastures. It shares a 712± ft. boundary with the Jefferson National Forest.

Tract 12: This 115.7± acre wooded parcel has great hardwood timber and has a 2,833± ft. common boundary with the Jefferson National Forest.

Tract 13: A long level ridge with incredible views is the highlight of this 47.4± acre tract which has hardwoods.

Tract 14: Beautiful building sites are featured on this 29.4± acre tract which has hardwoods. Porterfield Creek flows through this parcel. National Forest Boundary: 581± linear feet.

Tract 15: Enjoy outstanding views from this 64.3± acre tract which has frontage on Rt. 636, Old Waiteville Road, and shares a 3,896± linear ft. boundary with the Jefferson National Forest.

Tract 16: This 17.4± ac. parcel is improved with a four bedroom, one bathroom home with 1,488± sq. ft. on the main level and an additional 720± sq. ft. of finished space on the lower level. Additional improvements include a barn, storage buildings and loading chute. Most of the land is open pasture land. The ridge behind the home offers nice views. There is frontage on Rt. 636, Old Waiteville Rd., and Rt. 639, Southside Rd.

Sale 2: 61± Acres Bounded by National Forest

61± Acres Bounded by National Forest

Sale 2: Christmas Trees This sale offers 61.051± ac. with spectacular views, beautiful rolling pastures, wooded land, a spring-fed branch, a good pond site and Christmas trees. The property shares a 2,667± linear ft. common boundary with the Jefferson National Forest and also adjoins Tracts 8, 9, 11, 13 and 14 in Sale 1. The property is identified as Craig County Tax Map Parcel No. 78-A-3.

Sale 3: Hunting Cabin & 65± Acres Bordered by National Forest

Sale 3: 65± Acres Bordered by National Forest

Sale 3 - Hunting Cabin Sale 3 offers 65.144± mostly wooded acres, several creeks, including Little Oregon Creek, and a hunting cabin. It shares a 2,593± linear ft. boundary with the Jefferson National Forest and also adjoins Tracts 6, 7, 10 and 11 in Sale 1. It is identified as Craig County Tax Map Parcel No. 78-A-11.

Sale 4: 20± Acres Adjoining National Forest

This sale is of a small 20.336± acre farm situated on a level plateau. It is partially wooded and is bounded by the National Forest for 2,665± linear feet. It also adjoins Tracts 14 and 15 in Sale 1. Some of the adjoining National Forest was clear cut several years ago making this an ideal wildlife habitat. This property is identified as Craig County Tax Map Parcel No. 78-A-1.

Aerial Photography

Aerial Photography - (PDF format)

Topographic Map

Topographic Map - (PDF format)

Tract	Acreage ±
Sale 1 - Tract 1	63.837
Sale 1 - Tract 2	72.686
Sale 1 - Tract 3	99.883
Sale 1 - Tract 4	43.344
Sale 1 - Tract 5	92.324
Sale 1 - Tract 6	58.382
Sale 1 - Tract 7	67.513
Sale 1 - Tract 8	78.468
Sale 1 - Tract 9	33.677
Sale 1 - Tract 10	45.160
Sale 1 - Tract 11	82.937
Sale 1 - Tract 12	115.793
Sale 1 - Tract 13	47.495
Sale 1 - Tract 14	29.489
Sale 1 - Tract 15	64.327
Sale 1 - Tract 16	17.449
Sale 2	61.051
Sale 3	65.144
Sale 4	20.336

Directions

From Blacksburg at Intersection of Rt. 460 & Prices Fork Rd./Virginia Tech: Go West on Rt. 460 for 8 mi. and turn right onto Blue Grass Trail/Rt. 42 East toward Newport/New Castle. Go 10 mi. and turn left onto Rt. 658 (Happy Hollow Rd.) toward Craig Springs. Bear to the right on Rt. 658 at .5 mi. where road is re-named Johns Creek Mountain Road. Continue on Rt. 658 (Johns Creek Mountain Rd.) for another 3.6 mi. and turn right at the old Huffman Grocery (road continues to be Rt. 658). Go .7 mi. to Maggie and turn left on Rt. 658 (now named Dicks Creek Rd.). Go .4 mi. and turn left onto Rt. 636 (Old Waiteville Rd.). Go 1.4 mi. and turn left onto Rt. 639 (Southside Rd.) where property begins. Address of house on Tract 16 is 152 Southside Road, New Castle, VA 24127. Total miles: 24.6

From I-81 heading North: Take Exit 118B (Blacksburg/Rt. 460 West). Follow Rt. 460 West toward Blacksburg/Pearisburg for approximately 17 mi. and turn right onto Blue Grass Trail/Rt. 42 East toward Newport/New Castle. Go 10 mi. and turn left onto Rt. 658 (Happy Hollow Rd.) toward Craig Springs. Bear to the right on Rt. 658 at .5 mi. where road is re-named Johns Creek Mountain Road. Continue on Rt. 658 (Johns Creek Mountain Rd.) for another 3.6 mi. and turn right at the old Huffman Grocery (road continues to be Rt. 658). Go .7 mi. to Maggie and turn left on Rt. 658 (now named Dicks Creek Rd.). Go .4 mi. and turn left onto Rt. 636 (Old Waiteville Rd.). Go 1.4 mi. and turn left onto Rt. 639 (Southside Rd.) where property begins. Address of house on Tract 16 is 152 Southside Road, New Castle, VA 24127. Total miles: 33.6

From I-81 heading South: Take Exit 141(Salem/New Castle): At end of ramp, turn onto 419 North toward New Castle. Go .3 mi. and turn right onto Rt. 311 North toward Catawba/New Castle. Follow Rt. 311 North for 24.7 mi. and turn left onto Rt. 658 (Johns Creek Rd.) toward Craig Springs. Go 4.6 mi. to fork in road and turn left onto Rt. 632 (name remains Johns Creek Rd.) Go 9.5 mi. past Black Diamond to Maggie. Turn right onto Rt. 658 (Dicks Creek Rd.). Go .4 mi. and turn left onto Rt. 636 (Old Waiteville Rd.). Go 1.4 mi. and turn left onto Rt. 639 (Southside Rd.) where property begins. Address of house on Tract 16 is 152 Southside Road, New Castle, VA 24127. Total miles: 40.9

DIRECTIONS TO SALE SITE: The Inn at Virginia Tech and Skelton Conference Center is located at 901 Prices Fork Road, Blacksburg, VA 24061. From I-81: Take Exit 118B (Blacksburg/460 West). Follow 460 West for approximately 9 mi. and take the Prices Fork Rd./Downtown Blacksburg Exit (Rt. 412 East). Turn right at first traffic light into hotel entrance. For room accommodations, call 540-231-8000 or 877-200-3360

Joey Cornwell of Farm Credit is interested in discussing financing with qualified buyers. 540-977-5707.

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 July 23, 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. An agent may register one bidder in each of the four auction. Broker Participation Form.

Basic Terms & Conditions of Auction

REGISTRATION: Bids will be accepted only from registered bidders. Registration begins at 11:00. Please bring a driver’s license for identification.
TERMS OF SALE: The real estate in Sale 1 is being sold ABSOLUTE. The real estate in Sales 2 and 3 are being sold subject to seller confirmation. The real in estate in Sale 4 is being sold subject to court confirmation. All property is sold “AS IS, WHERE IS.” Bidders should perform such independent investigation with respect to the property as they deem necessary or appropriate. SALES 1, 2 and 3 are FINAL SALES. Sale 4 is subject only to court confirmation.
ANNOUNCEMENTS: Announcements day of sale take precedence over all prior communications, verbal and written, concerning this sale.
BIDDING: SALE 1: Registered bidders may bid on individual tracts of land, any grouping of tracts or on the property as a whole. SALE 2: This property will be offered separately. It may be included in groupings if the confirmation price is achieved. SALE 3: This property will be offered separately. It may be included in groupings if the confirmation price is achieved. SALE 4: This will be offered separately and may not be grouped.
BUYER’S PREMIUM: A Buyer’s Premium will be charged on the real estate. The Buyer’s Premium on real estate is five percent (5%) of the high bid amount. The Buyer’s Premium is added to the high bid amount to determine the sale price.
DEPOSIT: A deposit on the real estate in the amount of ten percent (10%) of the sale price (high bid plus Buyer’s Premium) will be required on day sale. The deposit is payable by cash, cashier’s check or pre-approved personal check made payable to Woltz & Associates, Inc. Escrow Account. 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.
REAL ESTATE CLOSING DATE: The balance of the purchase price for real estate is due at settlement on or before September 23, 2010.
TRANSFER OF TITLE: Sales 1, 2 and 3: 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. Sale 4: 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.
AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLERS.
BIDDER PACKETS: The Auction Company will have Preliminary Bidder Packets available at the previews of the properties and upon request.
LEAD-BASED PAINT: The house on Tract 16 and hunting cabin on Tract 3 in Sale 1 and the hunting cabin in Sale 3 were built prior to 1978 and may contain lead paint. Inspection may be performed by potential bidders prior to sale day. Applicable lead paint documents and information are available from the Auction Company. Bidders will be provided a lead paint disclosure in the Real Estate Bidder Packet and agree to waive the ten (10) day right to inspect after the sale.
BOUNDARY LINES: Boundaries shown on aerial photographs and topographical
maps which are provided by the Auction Company as a courtesy to bidders, are approximate. Bidders should refer to the surveys provided in the Bidder Packets for boundary locations.
WEB SITE: Go to www.woltz.com for additional photographs and other information.

Contact

For more information, please contact Jonna McGraw (VA# 2434) and Sam Hardy (VA# 2535)
Phone Number: (540) 342-3560 or 800-551-3588
Email: jonna@woltz.com or sam@woltz.com