Devore Estate Auction: 271± Ac. • Prime Location • Houses • Multiple Tracts (19) Back to Auction Calendar

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(For Live Bidding:  Registration starts 1:00 PM at The Inn at Virginia Tech & Skelton Conference Center)

Deadline to register for Bidding Online: Wednesday, October 30, 2024 NOON
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Register    10/31/2024 A1025 – Devore Estate Auction: 271± Ac. (Online Bidding)

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Welcome to the Lina C. Devore Estate

This magnificent 271.69± acre country estate is located in Montgomery County and the town of Christiansburg, Virginia! Offered in multiple tracts (19) and a good mix of rolling pastures and mixed hardwoods. The property also boasts a 3,921± SF Two – Story Home that includes 7 bedrooms and 4.1 baths with an attached two car garage. There is also a 1,944± SF barn that is situated just in front of the home. Several tracts offer long range views of the surrounding mountains. This property offers multiple uses and is in a prime location!

Bid on any individual tracts separately or group tracts together for more acreage. Our auction process is easy and lets you bid on exactly what you want!

All tracts are close to I-81, minutes to Downtown Christiansburg and Downtown Blacksburg

Directions

Directions: Tracts 1-3: From Christiansburg US11/US-460 (Roanoke St) to Right onto Teel St NE.
Directions: Tracts 4-15 & 20: From Christiansburg US11/US-460 (Roanoke St) to Right onto Simmons Rd NE.
Directions: Tracts 16-19: From I81 In Christiansburg – Take Exit 118 C-B-A toward Blacksburg for appx 1.7 miles stay straight on US 460W-Take Exit 3AB, head right on US 460 BUS toward Christiansburg. Stay straight toward US-460 E Bus/N Franklin St, Turn Left onto VA 111-Bus/Cambria St NE, Left onto Ellett Rd, Right onto Woodrow Rd/VA-644, bear left onto Pollard Rd. Take gravel road to the left to access Tracts 16-18 off of Pollard Rd. Continue straight to the cul-de-sac at the end of Pollard Rd take driveway to access Tract 19.

CALL TODAY FOR MORE INFORMATION!

Basic Terms & Conditions of The Auction

LIVE & ONLINE
A1025 – Lina C. Devore Estate Auction
The Inn at Virginia Tech & Skelton Conference Center
October 31, 2024, 2:00pm

1. 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.
2. 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.
3. 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.
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. 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.
6. ANNOUNCEMENTS:  Announcements on day of sale take precedence over all prior releases, verbal and written, concerning this auction sale.
7. AGENCY: THE AUCTION COMPANY AND ITS REPRESENTATIVES REPRESENT THE SELLER, PROPERTIES 1-19 (LINA C. DEVORE ESTATE), PROPERTY 20 – IS TWO COMBINED TAX PARCELS BEING OFFERED AS ONE TRACT (DARRELL D. LINKOUS (TAX MAP 080-A-66 – 1.0 ACRES) AND BARBARA LOUISE GARRETT AND GILBERT K. FEZER (TAX MAP 080-A-65 – 2.920 ACRES). THESE TRACTS WILL NOT BE COMBINED IN A GROUPING WITH THE DEVORE TRACTS UNTIL THE CONFIRMATION HAS BEEN ACHIEVED BY SALE A (DEVORE) AND SALE B (GROUP OWNERS LISTED ABOVE).
8. 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 on or before January 15, 2025. The contract to purchase is not assignable. Possession of the Property shall be given to the buyer at settlement.
9. BOUNDARY LINES: Boundaries on aerial photos, topographic maps, and otherwise, are approximate and are subject to verification by all parties relying on them.
10. BIDDING: The bidding is hereby offered to registered bidders only. Registration for on-site opens at 1:00 PM on the day of sale.
11. CONFIRMATION: All auction tracts are sold subject to Seller Confirmation.
12. 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.
13. 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 12:00 PM, October 30, 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.
14. 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 Wednesday, October 30, 2024.