75.733 Acres of open farmland, wooded land, cabin, and 2,600 Square Foot Log Home offered in 7 tracts and in combination. Property has road frontage on State Road Little Russell Creek Road and State Road Memory Lane just off of State Route # 8 South of Stuart, VA in Patrick County. Land, Farm, and Home are located just North of the Virginia and North Carolina State Lines.
The Auction will be on Saturday, October 28th at 10 am. This is a live Auction and Internet bidding will not be available. Auction will be held at property at 521 Memory Lane, Stuart VA 24171.
Preview - 2pm 4pm on Friday, October 20th.
Directions to Property From Stuart VA take Route 8 South (Salem Highway) towards North Carolina. Just before VA / NC state line take left on Memory Lane. Property starts approximately half mile down Memory Lane.
Tract # 1 7.165 Acres, half open half wooded
Tract # 2 5.521 Acres, ...
Tract # 2 5.521 Acres, wooded with Cabin. Has 862 Square Feet. The cabin is unfinished, approximately 50% complete.
Tract # 3 11.542 Acres, wooded
Tract # 4 13.595 Acres, wooded and open with 2,604 Square Foot Home. 2 Story log home with a metal roof. The ground level is heated and partitioned but does not have floor coverings. The floors are concrete. Total heated space on ground level is 1,148 Square Feet, which doesn't include the 308 square foot garage. The upper level has 1,456 Square Feet with 3 bedrooms, kitchen, living room, dining room, and two baths. The upper level has hardwood floors, and vaulted ceiling in living room. The home is heated by heatpump and woodstove. Total heated square footage is 2,604 square feet. Large decks and patios in front and rear of home.
Tract # 5 - 9.69 Acres, Wooded
Tract # 6 6.765 Acres Wooded
Tract # 7 21.455 Acres, wooded and open with Russell Creek Frontage
a metal roof. The ground level is heated and partitioned but does not have floor coverings. The floors are concrete. Total heated space on ground level is 1,148 Square Feet, which doesn't include the 308 square foot garage. The upper level has 1,456 Square Feet with 3 bedrooms, kitchen, living room, dining room, and two baths. The upper level has hardwood floors, and vaulted ceiling in living room. The home is heated by heatpump and woodstove. Total heated square footage is 2,604 square feet. Large decks and patios in front and rear of home.
Tract # 5 - 9.69 Acres, Wooded
Tract # 6 6.765 Acres Wooded
Tract # 7 21.455 Acres, wooded and open with Russell Creek Frontage
Road Maintenance agreement will be recorded with deeds at closing. There will be two road maintenance agreements with maintenance responsibility per tract for road accessing tracts # 7, # 6, and # 5, and another agreement with maintenance responsibility per tract for the road accessing tracts # 5, # 1, #4, # 3, and # 2. Each tract will have share in the maintenance according to the distance used to access that tract. For example Tract # 9 will only be responsible for portion of roads that run along property line.
Electric Easements will be included with each tract if needed. Contracts will be subject to Electric Easements conveying with property.
****OFFERED INDIVIDUALLY AND IN COMBINATION****
10% Buyers Premium applied to final and accepted bid to arrive at Final Contract Price. Purchaser will be expected to sign a Real Estate Purchase Contract, Place an Earnest Money Deposit, and close within 45 days. Earnest Money Deposit is $5,000 per Tract.
COMBINATIONS Successful Bidders may request combinations under the assumption that a combination requested does not break up an existing combination. Starting bid for any combination will be the sum of bids for the combination plus 5%. Bidders will need to be a high bidder on at least one tract to request combination.
EARNEST MONEY DEPOSIT Purchaser will be required to make an $5,000 Earnest Money Deposit Per Tract Bought on October 28th, 2017. The Earnest Money Deposit shall be made with certified funds or funds authorized by Seller.
Personal Property Auction will follow Real Estate Portion of Auction. Personal Property includes 2004 - 4 door Cadillac Deville with 59,000 miles, 2 Generators, Freezer, Baskets, Chainsaw, Leaf Blower, Weedeater, Kimball Organ, Jotul Woodstove, Dishes, Furniture, Tools and miscellaneous household items.
Terms/Conditions:
****OFFERED INDIVIDUALLY AND IN COMBINATION****
10% Buyers Premium applied to final and accepted bid to arrive at Final Contract Price. Purchaser will be expected to sign a Real Estate Purchase Contract, Place an Earnest Money Deposit, and close within 45 days. Earnest Money Deposit is $5,000 per Tract.
COMBINATIONS Successful Bidders may request combinations under the assumption that a combination requested does not break up an existing combination. Starting bid for any combination will be the sum of bids for the combination plus 5%. Bidders will need to be a high bidder on at least one tract to request combination.
EARNEST MONEY DEPOSIT Purchaser will be required to make an $5,000 Earnest Money Deposit Per Tract Bought on October 28th, 2017. The Earnest Money Deposit shall be made with certified funds or funds authorized by Seller.
Road Maintenance agreement will be recorded with deeds at closing. There will be two road maintenance agreements with
Search for detailed parcel information including; Elevation & Vegetation Maps, Ownership Information, Detailed Parcel Information, Crop History Map, Soil Survey Productivity Data, and more.
Research Parcel InformationFrom Stuart VA take Route 8 South (Salem Highway) towards North Carolina. Just before VA / NC state line take left on Memory Lane. Property starts approximately half mile down Memory Lane.