CO-SPECIAL COMMISSIONERS’ SALE

90+/- AC @ AUCTION ON THE WATERS OF THE CLINCH

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Brief Description

90 +/- ACRES MINI-FARM, RECREATIONAL PROPERTY SITUATED ON THE WATERS OF CLINCH RIVER, 2458 ARTRIP RD, CLEVELAND, VA

SUBJECT TO CONFIRMATION BY THE CIRCUIT COURT OF RUSSELL COUNTY, VA WITHIN APPROXIMATELY 30 DAYS.

Auction Schedule

Live On-Site Auction

Began: Saturday, October 14, 2017 at 10:00 AM EDT

Location 2458 ARTRIP RD, ST RT 661, CLEVELAND, VA 24225

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Details

CO-SPECIAL COMMISSIONERS’ SALE

90+/- ACRES @ AUCTION

W/FRONTAGE ON THE CLINCH

2458 ARTRIP RD, CLEVELAND, VA, RUSSELL COUNTY

SAT, OCT 14, 10:00 A.M.

HUNTING, FISHING, BOTTOM/MEADOW LAND W/BARNS, SPRINGS, APPLE TREES, SEPTIC INSTALLED FOR RESIDENTIAL USE. PRIVATE LOCATION PERFECT WEEKEND RETREAT.  ACCESSED BY SWINGING BRIDGE AND/OR FORDING THE RIVER BY VEHICLE.  TAX MAP 115R 1050.  MOBILE HOME DOES NOT CONVEY WITH THE PROPERTY.  SELLING SUBJECT TO CONFIRMATION BY THE CIRCUIT COURT OF RUSSELL COUNTY, VA WITHIN APPROXIMATELY 30 DAYS.  KEVIN TILLER, ESQ AND TERRY KILGORE, ESQ CO-SPECIAL COMMISSIONERS. SELLING BY DEED DESCRIPTION DB 149, PG 105, DB 145, PG 325.  CALL OR TEXT SELLING AGENTS TO VIEW PROPERTY OR ADDITIONAL INFORMATION.  POTENTIAL BIDDERS INSPECT AT OWN RISK.  NOT RESPONSIBLE FOR ACCIDENTS. 

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Auction Terms

TERMS; PROPERTY SELLS “AS IS” WHERE IS WITHOUT WARRANTY.  PURCHASER HAS BEEN GIVEN THE OPPORTUNITY TO INSPECT THE PROPERTY AND IS RESPONSIBLE FOR HIS/HER OWN RESEARCH AND DUE DILIGENCE IN REGARD TO LOCATION, CONDITION, AND SUITABILITY OF PURPOSE.  NO SALE SHALL BE INVALIDATED BY THE PURCHASER AS A RESULT OF NOT HAVING CONDUCTED THEIR OWN INSPECTION PRIOR TO PLACING A BID OR CONDUCTING DUE DILIGENCE. IT IS AUTOMATICALLY ACKNOWLEDGED BY PLACING A BID THAT THE BIDDER HAS PERSONALLY INSPECTED THE PROPERTY, HAS HIRED AN AGENT TO INSPECT THE PROPERTY OR HAS WAIVED THE RIGHT TO INSPECT THE PROPERTY.  BIDDING & SIGNING OF THE CONTRACT OF PURCHASE IS NOT CONTINGENT UPON THE BIDDER/PURCHASER OBTAINING FINANCING.  THE BIDDER/PURCHASER SHOULD HAVE FINANCIAL ARRANGEMENTS IN PLACE PRIOR TO AUCTION DAY.POSSESSION AT CLOSING UPON DELIVERY OF DEED UPON APPROVAL BY THE CIRCUIT COURT OF RUSSELL COUNTY. ANNOUNCEMENTS MADE AUCTION DAY TAKE PRECEDENCE OVER ALL OTHER  PRINTED OR VERBAL MATERIAL. NO PERSONAL PROPERTY IS INCLUDED IN THIS AUCTION.  A BUYER’S PREMIUM OF FIVE PERCENT (5%) WILL BE ADDED TO THE HIGHEST AND FINAL BID TO DETERMINE THE FINAL CONTRACT SALE PRICE SUBJECT TO CONFIRMATION. A TEN PERCENT (10%) ESCROW DEPOSIT OF THE FINAL CONTRACT SALE PRICE WILL BE REQUIRED IMMEDIATELY UPON CONCLUSION OF THE AUCTION.  SHOULD THE POPERTY NOT BE CONFIRMED BY THE COURT, ESCROW DEPOSIT WILL BE REFUNDED IN FULL WITH NO ADDITIONAL LEGAL RECOURSE BY EITHER PARTY.  NO SURVEY EXPENSE WILL BE BORNE BY THE SELLER, HEIRS, AUCTION FIRMS OR AUCTIONEERS. IN THE EVENT OF DEFAULT BY THE PURCHASER, ESCROW DEPOSIT SHALL BE PAYABLE TO THE COMMISSIONERS AS LIQUIDATED DAMAGES.  THIS SHALL NOT PRECLUDE THE COMMISSIONERS FROM PURSUING ANY OTHER LEGAL OR EQUITABLE REMEDY AGAINST THE PURCHASER ALTHOUGH PURCHASER SHALL BE ENTITLED, IN SUCH EVENT, TO HAVE THE ESCROW DEPOSIT CREDITED AS DAMAGES OTHERWISE RECOVERABLE.  ALL PRIOR YEARS REAL ESTATE TAXES ARE THE EXPENSE OF THE ESTATE AND SHALL BE PAID BY THE COMMISSIONERS AT CLOSING IF NOT PREVIOUSLY PAID.  TAXES FOR 2017 WILL BE PRORATED AS OF DATE OF CLOSING.  THE ESTATE WILL BE RESPONSIBLE FOR GRANTOR’S TAX AND PREPARATION OF THE SPECIAL WARRANTY DEED. PURCHASER SHALL BE RESPONSIBLE FOR ALL OTHER EXPENSES REQUIRED TO CLOSE THE TRANSACTION TO INCLUDE POINTS, TITLE SEARCH/INSURANCE, ATTORNEY’S FEES, RECORDING FEES, AND RELATED EXPENSES AS MAY BE REQUIRED BY pURCHASER’S LENDING INSTITUTION IF APPLICABLE. PROPERTY SELLS BY DEED DESCRIPTION DB 149, PG 105, DB 145, PG 325.

Directions

FROM MAIN STREET IN LEBANON (NEAR THE TOWN HALL) AT TRAFFIC LIGHT # 2 TAKE RT 82 (CLEVELAND RD) FOR 7 MILES.  CROSS THE RIVER BRIDGE AND TURN RIGHT ONTO RT 661 (ARTRIP RD).  CONTINUE 2 & 4/10’S MILES TO AUCTION SITE AND SWINGING BRIDGE.  AUCTION INFORMATION BOX ON SITE AT SWINGING BRIDGE.  AUCTION WILL BE CONDUCTED ON PROPERTY ADJACENT TO THE SWINGING BRIDGE.  

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