Investment Ranch Home for Sale at Auction

Description

Investment Ranch Home for Sale at Auction

Searching for your next real estate investment or family home in Dugspur VA? Check out this +2,800 sq ft home, with 3 bedrooms and 2 baths that is being sold at auction. The main level features 1,400 sq ft of finished living space. Though it is non-conforming, the recreational room on the main level could be used as a 4th bedroom. Throughout you will find a mix of hardwood, tile and laminate flooring. Downstairs you will find a full, unfinished walkout basement. Over the years the basement has leaked with heavy rains. The exterior basement steps retaining wall is significantly cracked and leaning. Home is served by an electric heat pump.

Home is served by a well and a private septic system. It has brick siding and metal roof. The attached carport and paved driveway are nice additions to the home. Home sits on +/- 0.7115 acres of mostly level land. The storage building behind the home is ideal for a lawnmower. Property does not have frontage on Route 221; however, a deeded 20′ right of way will be granted over tax parcel 40-A-19A at closing.

Property is in the Dugspur area of Carroll County. It is within 10 miles of Hillsville, VA and 20 miles of Galax, VA. Wytheville, Fort Chiswell, Stuart, VA and Mount Airy, NC are also close by. Home would be ideal for anyone looking to renovate into their dream home, or for someone looking to rent out for rental income. The possibilities are endless, don’t miss your chance!

Online Auction Ends Tuesday, December 10th at 4 PM
8203 Floyd Pike, Dugspur, VA 24325

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

CONTACT: Auctioneer Matt Gallimore at 540-239-2585 or email Gallimore.Matt@gmail.com. You can also contact Realtor Darrell Hylton at 540-250-0850 or email dwh@swva.net

DIRECTIONS: From the Town of Floyd, take Floyd Hwy S towards Hillsville. In approximately 19 miles property will be located on the right. 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.

PRE-AUCTION SALES: As an agent for the Seller, the Auctioneer must present any and all bona fide written offers to the Seller, which may be created outside of the online bidding platform. Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all off the auction terms and conditions and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required earnest deposit. Properly submitted offers will be presented to the Seller in a timely manner. Seller may accept or reject such offer at their sole and absolute discretion. When a pre-auction offer is submitted, all properly registered online bidders will be notified that “an offer” has been submitted and on which specific property, however the amount of the offer shall remain confidential. All pre-auction offers must allow a minimum of 24 hours for seller’s acceptance. A Referral Fee of 2% of the high bid is offered to a cooperating VA State Licensed Real Estate Salesperson/Broker on any pre-auction offers that are properly completed and submitted on the appropriate forms provided. Download Bidder Pack for Online Bidder’s Agreement, maps, sample contracts, and property information.

TERMS & CONDITIONS: 10% Buyer’s Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $2,500 is required on the day of sale. Close on or before January 24th, 2025. Subject to seller confirmation. 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 December 10th, 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.