Log Home & Acreage for Sale in Stuart, Va – $125,000 Reserve

Description

Log Home & Acreage for Sale in Stuart, VA

$125,000 RESERVE, WHICH IS THE STARTING BID

Searching for your weekend retreat or permanent home in the mountains of Patrick County, VA? Check out this 1,664 sq ft log home which features 3 bedrooms and 2 full baths. The kitchen appliances included a range, fridge, microwave and propane cook stove. The walls in the kitchen, living room, and dining area are wood, while the bedrooms and baths are a mix of wood and drywall. You will find hardwood flooring throughout the home, ceramic tile in the bathrooms, and vinyl in the laundry area. This home, which was constructed in 1999, features a full unfinished basement. The basement has concrete walls and has been plumbed for a bathroom. It could easily be finished into more living space. Downstairs you will also find a 2 car garage.

The home is surrounded by +/- 55.98 acres of wooded and open land with two small streams. Enjoy the views from the front porch. The property boasts an abundance of wildlife including deer, bear, fox, racoon, turkey and coyote. There are trails cut out making for great ATV or four-wheeler riding. The timber was select cut several years back and could be select cut within the years to come. The barn would be ideal for equipment or hay storage. Home does have a well, but it is no longer in working order, the current water source is a spring. The spring water is held in a 275 gallon reservoir tank. If the power goes out, this home is equipped with a propane Generac generator. It automatically cut on as soon as the power goes out. The home has 3 heat sources, a thermostatically controlled propane heater, central unit and the wood stove. The 1,000 gallon buried propane tank is owned and the home is served by rural trash pick-up services. The first approximately 400ft of the driveway is through a private, gravel right of way. The driveway leading to the home is paved.

Online Auction Ends Wednesday, September 18th at 4 PM
2311 Central Academy Rd., Stuart, VA 24171

Click Here for Bidder Packet
Click Here for Interactive Map
Click Here for Property Video
Click Here for 3D Home Tour
Click Here for Property Information Packet

PREVIEW: Saturday, August 31st at 10 AM

CONTACT: Auctioneer Matt Gallimore at 540-239-2585 or email Gallimore.Matt@gmail.com. You can also contact Realtor Levi Cox 540-230-7162 or email LeviCox87@gmail.com

DIRECTIONS:

From Stuart, VA – Take Hwy 58 W to a right onto Route 8 North. Turn left onto Central Academy Road. Property is on the right approximately 1/3 of a mile. See signs.

From Floyd, VA – Take Route 8 S towards Woolwine. Turn right on Central Academy Road. Property is on the right approximately 1/3 of a mile. See signs.

BIDDER PACK: Download Bidder Pack for complete information. Bidder Pack has maps, complete terms and conditions, sample contracts, tax cards, and restrictions. Some of the plats in Bidder Pack may have notations and boundaries created by Auctioneer for illustration purposes, however unchanged surveys are in Bidder Pack as well.

SOFT CLOSE: If a bid is received within the last 2 minutes of the auction or after 4 PM, the auction close time will automatically extend 2 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates “snipers” and encourages fair and impartial bidding from all participants.

BUYER’S PREMIUM – TEN PERCENT (10%): Buyer’s Premium shall be added to the final online bid, which will determine the Total Contract Sales Price. Bidders hereby acknowledge and understand that the Buyer’s Premium will be added to the winning bid to create the Total Contract Sales Price for which they are obligated to pay for the property. Example: (winning online bid $100,000 + 10% buyer’s premium = total purchase price of $110,000). Buyer’s Premium is not due until closing.

TERMS & CONDITIONS: 10% Buyer’s Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $5,000 is required on the day of sale. Close on or before November 4th, 2024. Subject to meeting the reserve of $125,000. Property sold as is, where is with any and all faults. Buyer is expected to complete their own due diligence before placing a bid. Auction starts ending at 4 PM on September 18th, 2024. Please note that during the last two minutes of bidding, if a new bid is placed, the clock is automatically extended an additional two minutes. Be sure to register to bid early to ensure you receive notifications regarding any changes to the Auction, Bidder Packet and/or Pre-Auction offers received. Download Bidder Information Pack for complete terms and conditions, purchase contract and maps.