Download Bid Instructions Including Bidder’s Packet
Amazing untouched property on Smith Mountain Lake between two well-known subdivisions. This is a blank canvas for anyone looking to have a large lake estate property with privacy, a family compound, or development. Property is currently zoned A-1. Assessed for $736,500.
*This will be a two round sealed bid. The top three bidders will be notified of the highest bid at 12:30 pm and will be given 24 hours to produce their highest and best offer.
Terms of Sealed Bid
Bids are due at the offices of Woltz & Associates, Inc., 23 Franklin Road, Roanoke, VA 24011 by NOON on November 30, 2023.
Bids will be opened at Noon and the top three bidders will be notified by phone call and email of the highest bid and those THREE ONLY will be allowed to increase their bids if they choose by Noon on December 1, 2023. If the top three bidders wish to issue a higher bid this will be done by email of the Round Two Purchase Offering to hannah@woltz.com by NOON on December 1, 2023. If they choose not to increase their offer, their original offer will stand. All bids are final.
The property is being sold “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.
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.
Bidders inspecting property enter at their own risk.
The REAL ESTATE Company and its representatives represent the Seller.
The information contained on the website 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 Real Estate Company. Boundaries on aerial photography are approximate.
The accepted sealed bid will require a 10% deposit either by check in hand or wire initiated to Woltz & Associates, Inc. Escrow account by 3:00pm on December 1, 2023. For wiring instructions, please email hannah@woltz.com or call 540-342-3560.
Detailed information is available at woltz.com/1020
Broker Participation Information
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 12:00pm on Wednesday, November 29, 2023. If prospect attends preview, agent must attend with prospect. 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 Real Estate company are not eligible. Only one registered bidder per agent.
