Details
AUCTION DATE: Friday, May 2nd @ 12:00 noon
PROPERTY LOCATION: All four tracts are located at or near the intersection of Campground Road and Reedy Creek Road, Bristol, VA
County: Washington County
Tax Assessment:
Tract 1: $604,300.00
Tract 2: $842,700.00
Tract 3: $315,300.00
Tract 4: $458,900.00
LOCATION OF AUCTION:
Off-site bidding location: Washington Co. Fairgrounds, 17046 Fairground Dr., Abingdon, VA 24210, Building G
PREVIEW DATES: No previews scheduled, drive by inspections only - contact the sales managers for more information.
SALES MANAGERS:
Pete Ramsey - 434-258-6611 - pete@countsauction.com
George McDaniel - 434-546-9235 - gmcdaniel@countsauction.com
Property Overview:
What's selling: We will be selling 4 tracts totaling 219.44 acres. All four tracts are located at or near the intersection of Campground Rd. and Reedy Creek Rd., Bristol, VA
Four tracts of land
Tract 1 – 79.13 acres; tax map #139-A-7. This tract is approximately 48% open fields with the balance in timberland. There are multiple barns and outbuildings on this tract. There is long road frontage on Reedy Creek Rd as well as Campground Rd. Part of the tract is located across Campground Rd. from the barns. Tax assessment for this parcel is $604,300.
Tract 2 – 74.66 acres; tax map #139-A-19. Most of this parcel is in open land. Access is via Zanbee Dr., a private road, as well as Combs Valley Rd., also a private road. Use 21170 Zanbee Dr. as the location of the driveway to the property. It has been reported the 1,500’ house has 3 bedrooms and 2 baths in addition to barns and other outbuildings. The tax assessment is $842,700.
Tract 3 – 50.65 acres; tax maps #139-A-46 and 139-A-47. This tract has about 34 acres of open land with the balance in woods. There is a barn on the parcel. Access is from Campground Rd. just south of Loretta Ln. The tax assessment is $315,300.
Tract 4 – 15 acres; tax map #139-A-34. This parcel is mostly open land with a 1,987’ house with a full basement. The house has 3 bedrooms and 2 baths. It sits on the hill with wonderful views. The address for this parcel is 20702 Campground Rd. The tax assessment is $458,900.
Contact Information:
For more details, please reach out to our sales managers:
- Pete Ramey: 434-258-6611 pete@countsauction.com
- George McDaniel: 434-546-9235 gmcdaniel@countsauction.com
Directions:
From the intersection of Rt. I – 81 and Rt. 421/58 in Bristol, VA, go north on Rt. 421/58 for 1.3 miles to Reedy Creek Rd. (Rt. 633). Turn right onto Reedy Creek Rd. and go 2.5 miles to the intersection of Reedy Creek Rd. and Campground Rd. Refer to the aerial for tract locations.
Buyer's Premium: 10%
Terms: A $25,000 deposit in certified funds is due on sale day with the balance due at closing in 30 days. Full terms listed below.
Terms and Conditions
Terms and Conditions
Terms & Conditions:
A 10% buyer's premium will be added to the final high bid to determine contract price. A deposit of $25,000 in certified funds is due on sale day with the balance due in 30 days from the sale date. The high bidder will be required to sign a contract the day of the sale and pay the deposit. NOTE: By bidding at this sale, the Buyer hereby acknowledges receipt of and agrees to all these Terms and Conditions.
Due Diligence: Any reliance on the content of information provided shall be solely at the recipient's risk. All information is believed to be correct but is not guaranteed. Bidders must conduct and rely solely upon their own due diligence. The property is being sold "AS-IS" with all faults.
Controlling Law:
The respective rights and obligations of the parties with respect to the Conditions of Sale and the conduct of the sale shall be governed and interpreted by the laws of the Commonwealth of Virginia. By making an offer at the sale, whether present in person or by agent, written offer, telephone, online or other means, the participant shall be deemed to have consented to the jurisdiction of the state and federal courts of the Commonwealth of Virginia.
Acceptance of the terms is acknowledged by placing a bid.
Compliance:
For the purpose of ensuring compliance with applicable federal regulations restricting “related party” transactions by Farm Credit of The Virginias, ACA (Bank), Purchaser represents and warrants to Bank that as of the date of this Contract, Purchaser is not an employee, director, or officer of Bank or an immediate family member (meaning spouse, parent, sibling, child, step child, parent-in-law, sibling-in-law, or daughter-in-law) of any employee, director, or officer of Bank.
If Purchaser is a corporation, partnership, limited liability company, or other entity, Purchaser represents and warrants that none of its manager(s) or owner(s) are related parties of Bank as described above, unless Purchaser is a public company whose entity is traded on a national recognized exchange, in which case, only a controlling interest shall be considered for purposes of this representation.
If Purchaser is a trust, Purchaser represents and warrants that neither is trustee(s) nor its beneficiaries are related parties of Bank as described above.
