Valuable Residential Real Estate For Sale @ Online Auction

Bidding Closes October 16, 2024 @ 1:00 PM

We are offering at online auction the real estate and improvements located at 9631 Turleytown Road, Singers Glen VA 22850. This property is zoned A2 and is 70 +/- acres of rolling pasture and woodland in western Rockingham County near the village of Singers Glen. It is improved by a 1,944 sq ft farmhouse, barn, and other outbuildings. This farm is located only 12 miles from Harrisonburg VA and offers mountain views, abundant wildlife, and a peaceful setting for your agricultural or recreational pursuits.

All Bids Must Be Submitted Online. Click The "Bid Online Now" Button To See Property Details and To Bid Online

Approximately 10 acres of the property is wooded with the remainder being pasture land. This farm has been used for cattle grazing for many years including last year. It is perimeter fenced and cross fenced but the fence rows have grown up and the fences are in need of repair. There is a drilled well on the property and an all season watering trough at the barn. Brock Creek is a wet weather stream that flows through the property.

Click Here For A Video Overview Of The Farm

The farmhouse was built in 1890 and features 1,944 sq feet of living space with 3 bedrooms and 1 bath which was recently remodeled. It is a solid old house that could use some significant updating. There are hardwood floors throughout, bonus rooms that could potentially be used as bedrooms, unfinished and dry partial basement, large front porch, and storage room at the back of the house. The house was heated with wood. 

The bidding for this property will close at 1:00 PM October 16, 2024 with a two minute auto extend.  This means that if a bid is placed within the last two minutes the bidding will be extended for an additional two minutes.

This property is being Sold Subject To Seller Confirmation With A Starting Bid of Only $100,000

Pre-Auction Offers Will Be Entertained

Property Tours: Please do not walk or drive on the property unattended. We have two scheduled property tour dates: 12-3 PM Saturday September 21 and 3-6 PM Wednesday October 9.  You will need to have an appointment for the property tour which we are scheduling through Signupgenius. Click Here to schedule your time.  If you would like someone to show you the property at some other time or answer any questions you may have, please call Linford Berry at 540-476-3309.

Property Highlights:

• 70 +/- Acre Farm With New Survey
• Zoned A2
• 1,240 Feet Of Road Frontage On Turleytown Rd (Rt 613)
• Approximately 10 Acres of Woodland, 60 Acres of Pasture
• Abundant Wildlife and Excellent Hunting Opportunities
• Mountain Views
• 1,944 Sq Ft Farmhouse Built In 1890
• 3 Bedrooms and 1 Bath
• Schools: Linville Edom Elementary, J. Frank Hillyard Middle, and Broadway High School
• Has Barn and Outbuildings
• Drilled Well and Septic System
• Shenandoah Valley Electric Power
• County Real Estate Taxes ($1,368 Annually) This property has been in agricultural land use. If you wish to take it out of land use, you will owe rollback taxes which would be $14,547.46
• Subject To Existing Easements For The Driveway (25 ft Right Of Way) Of Neighboring Landowner As Well As Overhead Utility Lines

Additional Information, Photos, And Video Can Be Found At The Tab Or Dropdown Menu At The Top Of This Page or By Clicking The “Bid Online Now” Button.

Do You Need Financing For This Property?  We Recommend The Following Lenders:

• Bobby Williams Or Daniel Scott - Ag Lenders F&M Bank
• First Bank and Trust - Harrisonburg
• Farm Credit Of The Virginia's

Terms and Conditions:

• WE GUARANTEE A FREE AND CLEAR DEED TO THE PROPERTY
• This property is being sold in AS-IS condition with no financing/appraisal/inspection contingencies. Bidders are strongly encouraged to inspect the property themselves and/or enlist the assistance of professional inspectors or contractors in evaluating the condition and value of the property. All inspections must be performed prior to the auction.
• Buyers Premium: There will be a 10% Buyers Premium added to the high bid to determine total contract purchase price. (For example a 100,000 bid would have a buyers premium of $10,000 added for a total purchase price of $110,000).
• Payment Terms: Payment will be in the form of Cash or Cash Equivalent with a $10,000 non-refundable deposit due the day of the auction (within 24 hours for online bidders at a distance) and the balance due at closing between November 18 and December 2, 2024. Deposit will be applied to the purchase price at closing. Please do not bid if you are not able to close within the the closing time frame.
• Financing can be obtained for the property, but the sale is not contingent upon obtaining financing.
• All information provided by Mountain Valley Auction Group was obtained from sources believed to be reliable but are not guaranteed. Buyer shall rely on their own information, judgment, and inspection of the property.
• View the sample purchase agreement and complete terms under the "Docs" tab or drop down menu at the top of the page under the photo.

Note For Real Estate Agents: Preapproved (No later than 5:00 PM on October 15) buyers agent participation will be compensated. Click Here For Form

Real Estate Auction Terms of Sale:

This auction is conducted by Mountain Valley Auction Group LLC (Auctioneer) on behalf of the owners of the property referred to as the (Seller). Auctioneer is not responsible for the acts of the Seller or statements made by the Seller before, during, or after the auction. The auction shall be governed by the terms set forth herein and any announcements made in the auction description. The act of submitting a bid shall constitute Bidder’s acceptance of each and every term and condition contained in these terms and conditions and shall form a binding contract of intent to purchase between the Bidder and the Auctioneer. All persons inspecting the property assume all risks whatsoever of damage or loss to person and property and specifically release the Auctioneer and Seller from all liability. Auctioneer is not liable by reason of any defect in, or condition of, the property or the premises on which the preview/sale is held. Auctioneer is released from any claims or actual damage to the property sold and/or consequential damages that may result from the sale of defective property.

PAYMENT TERMS:
A signed contract and a nonrefundable deposit of $10,000 from the high bidder is required immediately after confirmation of final bid and the balance due at closing between November 18 and December 2, 2024 (unless prior arrangements have been made with the auctioneer). Deposit must be in the form of a cashiers or certified check drawn on a US bank or a wire transfer. If an online bidder is the winning bidder, then a signed contract and nonrefundable deposit of $10,000 is due within 24 hours of the auction ending unless other arrangements have been made with Auctioneer prior to the close of the auction. Title to be delivered free of all liens or encumbrances as more specifically set forth in the Sale Contract. All settlement and closing costs will be the responsibility of the buyer and the property taxes will be prorated as of the day of settlement.

BUYER’S PREMIUM:
A 10% buyer’s premium will be added to the final bid to become part of the purchase price at settlement. Buyer agrees to these provisions and will pay the applicable buyer’s premium.

DISCLOSURES/NO CONDITION WARRANTIES OR CONTINGENCIES:
Seller guarantees marketable title to the property with no liens or encumbrances and subject to easements and right of ways that are a matter of public record. However there is no condition warranty offered, expressed, or implied, by Auctioneer or Seller for any property. All property is sold AS-IS, WHERE-IS, and with all faults and defects therein. ALL SALES ARE FINAL and are not contingent on any financing, appraisal, or inspections. Any inspections of the property must be done before the close of the auction. All information provided is believed to be correct but NO warranty as such is implied, including but not limited to the warranty of merchantability or fitness for a particular purpose. Bidder is solely responsible to determine condition, value or any other determinative factors. The Auctioneer strongly encourages bidders to attend preview/property tours and retain the services of building inspectors or other professionals in order to determine the value and condition of the property.

BIDDER REGISTRATION:
By registering and bidding, Bidder acknowledges that they have read and agree to the terms and conditions of this auction. Bidder agrees to sign the contract of sale and other documents related to the transaction, pay the earnest money deposit and close the transaction between November 18 and December 2, 2024 if their winning bid is accepted. Bidder must be 18 years of age or older and is required to register for the auction. In registration, Bidder must submit information found to be current, complete and accurate for proper identification by Auctioneer. Bidder’s registration is not transferable or assignable. Auctioneer reserves the right to deny or restrict any bidder’s registration with or without cause. Bidder must register to participate in the auction. If you have any questions, please call the auctioneer at 540-476-3309.

BIDDING:
Using YOUR knowledge and experience, form your own opinion of the property and bid accordingly. If you are in doubt, DO NOT BID. The property is sold in AS-IS condition; this is an AUCTION and all SALES ARE FINAL. Bids cannot be retracted and are binding contracts between Bidder and Auctioneer/Seller. Bidder is accountable to be informed about property and associated costs before bidding. A maximum bid can be placed on the property in the online bidding interface. A maximum bid is kept confidential. Except for properties noted “Absolute Auction,” Or “Sells To The Highest Bidder” all properties in auctions will be sold subject to seller confirmation or will have a pre-established minimum Reserve Price. Except where prohibited by law, Auctioneer may counter bid on behalf of Seller on any property up to the amount of the Reserve Price (and no such bid will result in a sale of the property). If the Reserve Price is not met, Seller is under no obligation to sell the property; however, Seller may accept a bid that is below the Reserve Price in its sole discretion.

BIDDER VERIFICATION & QUALIFICATION:
The identity of all bidders will be verified prior to participation. The Auctioneer may require a proof of funds letter be submitted prior to bidder participation. A credit card is required to register for online bidding. No charges will be made to your card unless you are determined to be the winning bidder and you fail to execute the Contract of Sale and pay the required earnest money deposit. At the discretion of the Auctioneer, a penalty of $1,000.00 will be charged to the credit card provided at registration if you fail to return the signed Contract of Sale and pay the required earnest money deposit within the required time period. Payment of the penalty shall not affect other remedies available to the Seller for such failure.


Note For Real Estate Agents: Preapproved (No later than 5:00 PM on October 15, 2024) buyer’s agent participation will be compensated. (See Link On Website For Form)