60+/- ACRES AS A WHOLE/RUSSELL COUNTY, VIRGINIA

NEW GARDEN ROAD MIDWAY BETWEEN LEBANON & CLEVELAND OFF RT 82

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Brief Description

CO-SPECIAL COMMISSIONERS SALE

REAL ESTATE AUCTION

SAT, AUG 5, 10:00A.M.

60+/- ACRES SELLING AS A WHOLE

1,1/2 MILES ON NEW GARDEN RD TOWARD HONAKER OFF RT 82

between Lebanon and Cleveland, Virginia

Auction Schedule

Live On-Site Auction

Began: Saturday, August 05, 2017 at 10:00 AM EDT

Location NEW GARDEN ROAD, BARTON LANE, CLEVELAND, VA 24225

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Details

Property is being sold to settle the Estate of Harvey and Dorothy Perkins.  Property sells subject to the approval of the Circuit Court of Russell County, Virginia, within approximately thirty (30) days.  This property lends itself for a variety of uses at the discretion of the purchaser.  Judge for yourself and be prepared to bid accordingly auction day.  Auction box on site. Selling agents Gaines Dickenson Auctioneers, Inc. and Adam Wilson Auctioneers, LLC, VAFL 821, & 909, VAL 3434.

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Auction Terms

PROPERTY BEING SOLD INCLUDES LOTS 6-11 AND A 53 ACRE TRACT AS PER PLAT RECORDED PLAT CABINET 1, SLIDE 258 B. PROPERTY IS GRASSLAND AND WOODS.  ROAD FRONTAGE ON NEW GARDEN RD AND BARTON LANE.  NOTE THERE IS A RIGHT-OF-WAY ACROSS LOTS 6,7,& 8 FOR THE PURPOSE OF INGRESS AND EGRESS TO THE CEMETERY AS INDICATED ON THE PLAT.  THE CEMETERY LOT IS NOT PART OF THE AUCTION PROPERTY.  PROPERTY SELLS “AS IS” WITHOUT WARRANTY SUBJECT TO APPROVAL BY THE CIRCUIT COURT OF RUSSELL COUNTY WITHIN APPROXIMATELY 30 DAYS AT WHICH TIME CLOSING IS TO BE IMMEDIATELY SCHEDULED.  POTENTIAL PURCHASER IS RESPONSIBLE FOR HIS/HER OWN DUE DILIGENCE.  FINANCING IS NOT A CONTINGENCY AS PURCHASER SHOULD HAVE FINANCING IN PLACE PRIOR TO BIDDING AND PURCHASING.  AERIAL MAP IS PRVIDED FOR LOCATION PURPOSES ONLY.  THE AUCTION FIRMS REPRESENT THE SELLERS.  ANNOUNCEMENTS MADE AUCTION DAY TAKE PRECEDENCE OVER PRINTED OR VERBAL MATERIAL.  PROPERTY SELLS SUBJECT TO SUCH CONDITIONS, RESERVATIONS, RESTRICTIONS, RIGHT-OF-WAYS, AND EASEMENTS OF RECORD INCLUDING UTILITY EASEMENTS TO THE EXTENT THEY MAY LAWFULLY APPLY TO THE PROPERTY.  NO LIABILITY FOR ACCURACY, ERROR, OR OMISSIONS IS ASSUMED BY THE SELLERS, THE AUCTION FIRMS OR SPECIAL COMMISSIONERS.  pOTENTIAL BIDDERS INSPECTING PROPERTY DO SO AT THEIR OWN RISK.  HIGH BIDDER WILL BE REQUIRED TO SIGN A CONTRACT OF PURCHASE AND SUBMIT THE TEN PERCENT (10%) ESCROW DEPOSIT IMMEDIATELY AT THE CONCLUSION OF THE AUCTION.  DEPOSIT WILL BE HELD IN ESCROW UNTIL APPROVAL BY THE RUSSELL COUNTY CIRCUIT COURT.  IN THE EVENT THE PROPERTY IS NOT CONFIRMED BY THE COURT, DEPOSIT WILL BE RETURNED TO PURCHASER AND CONTRACT WILL BE VOID.  BUYER’S PREMIUM OF FIVE PERCENT (5%) WILL BE ADDED TO THE HIGHEST BID TO CONSTITUTE THE FINAL CONTRACT SALE PRICE, SUBJECT TO APPROVAL BY THE CIRCUIT COURT.  CO-SPECIAL COMMISSIONERS, KEVIN TILLER, ESQ, LEBANON AND FRED HARMAN, ESQ, TAZEWELL, VA.  THE 1/9TH INTEREST OF JACKIE PERKINS IS BEING SOLD BY WILLIAM E. CALLAHAN, JR., CHAPTER 7 TRUSTEE FOR JACKIE PERKINS PURSUANT TO AN ORDER OF THE UNITED STATES BANKRUPTCY COURT FOR THE WESTERN DISTRIC OF VIRGINIA.  TITLE TO THE 1/9TH INTEREST WILL BE CONVEYED BY THE TRUSTEE BY SPECIAL WARRANTY DEED (IN THE SAME DEED CONVEYING THE REMAINING 8/9THS).  THE SUCCESSFUL BIDDER’S OBLIGATION TO PURCHASE THE 1/9TH INTEREST BEING SOLD BY THE TRUSTEE WILL BE SUBJECT TO THE APPROVAL. 

Directions

From Main Street in Lebanon at the town hall/traffic light, take Rt 82 (Cleveland Rd) for 5 miles.  Turn right onto Rt 645 (New Garden Rd toward Honaker), continue 1,1/2 miles to auction site on right at the intersection of Barton Lane.  Auction information box on site.

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