Craig County, Virginia

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

Saturday, July 24, 2010 at 12:00 NOON
Auction Held at The Inn at Virginia Tech
(901 Prices Fork Road, Blacksburg, VA 24061)

Previews: Saturdays, July 3, July 10 and Sunday, July 18, from 1:00 PM – 5:00 PM.
Pull on your hiking boots, saddle up the horses or bring an ATV to explore these properties. You can also view the properties from the comfort of your SUV.

Streams, Views, Open & Wooded Land

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

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

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

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.

Click to view other properties being sold on July 24, 2010

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