Valuable Real Estate For Sale At Online Auction
Closing December 4, 2024 @ 1:00 PM
We are offering at online auction 89.62 +/- acres of land on T N Snow Road in Halifax County VA. This property is zoned agricultural and is being offered in three separate tracts ranging in size from 22 acres to 44 acres. The property features approximately 25 acres of tillable farmland and 64 acres of planted pines bordered by mature hardwoods. There is a small stream bordering tract 1 and an off highway entrance on each tract. There are opportunities for agriculture, timber, hunting, and potential home building sites. Nearby towns are Nathalie, Halifax, and Clover VA.
This Is An Online Only Auction - All Bids Must Be Submitted On The Website. Click The "Bid Online Now" Button To See Property Details and To Bid.
If you are looking for agricultural or timber land with plenty of wildlife where you can possibly build a home in the future, then you have found the right place. The planted pines are approximately 18 years old and provide thick cover for deer, bear, and turkey. Most of the pines are 8-12" diameter. The tillable land has been in row crop production for a many years. Each tract has lots of road frontage on a paved road and electricity is provided to the property by Mecklenburg Electric Cooperative which has a powerline easement across the front of the property along the highway. This property is about two miles from the Triangle Volunteer Fire Department and the Hollering Hill Auction Center, 13 miles from Halifax VA, 16 miles from South Boston VA, and 18 miles from Brookneal VA.
Click Here For Video Overview of The Property
Tract #1 - is 44.16 +/- acres located on the northern side of the property. This tract includes approximately 22 acres of open tillable land in two separate fields and 22 acres of pines bordered by mature hardwood trees and a small stream at the back of the property. Elevation ranges from 540 ft along the road down to 460 ft along the stream at the rear of the property. There is 947 ft of road frontage on T N Snow Road. Along the road is the Mecklenburg Electric Cooperative power line. A gravel highway entrance is located at the northern edge of this tract. This tract is a part of the proposed division of the original 89.62 acre tax map parcel ID # 35432. Tax assessed value will be approximately $100,300 for this tract.
Tract #2 - is 22.73 +/- acres located in the middle of the property. This tract includes approximately 2.5 acres of open tillable land and 20 acres of pines bordered by mature hardwood trees at the back of the property. There are two interior trails cleared across this tract. Elevation ranges from 510 ft along the road down to 470 ft at the rear of the property. There is 683 ft of road frontage on T N Snow Road. Along the road is the Mecklenburg Electric Cooperative power line. A gravel highway entrance is located near the northern edge of this tract. This tract is a part of the proposed division of the original 89.62 acre tax map parcel ID # 35432. Tax assessed value will be approximately $42,900 for this tract.
Tract #3- is 22.73 +/- acres located on the southern side of the property. This tract is almost entirely pine forest bordered by mature hardwood trees at the side and back of the property. Elevation ranges from 510 ft along the road down to 450 ft at the rear of the property. There is 772 ft of road frontage on T N Snow Road. Along the road is the Mecklenburg Electric Cooperative power line easement. A gravel highway entrance is located near the northern edge of this tract. This tract is a part of the proposed division of the original 89.62 acre tax map parcel ID # 35432. Tax assessed value will be approximately $40,900 for this tract.
This property comes with a recent survey and proposed division (See Documents Tab) which will be recorded after the auction and before closing. If you purchase more than one of these tracts and wish to keep them combined on the same tax map # we will accommodate that by not recording the new line between your tracts.
The bidding for all of these tracts will close at 1:00 PM December 4, 2024 with a two minute auto extend. This means that if a bid is placed on any tract within the last two minutes, the bidding will be extended on all tracts for an additional two minutes. If you wish to buy more than one tract, you will need to be the final high bidder on all the tracts you wish to purchase.
We Guarantee A Free And Clear Title To The Property
This property is being sold subject to seller confirmation with a starting bid of $10,000 per tract.
Property Tour Dates: Feel free to visit the property anytime during daylight hours. We ask that you do not drive on the property. We will be providing rides on the interior of the property during our scheduled property tour Saturday November 16 from 12 Noon - till 3 PM. If you would like an agent to show you the property at some other time or answer any questions you may have please Call Linford Berry (Auctioneer/Agent) at 540-476-3309
Property Highlights:
Planted Pines and Mature Hardwood Trees
Lots Of Road Frontage On Paved Road
Abundant Wildlife
Stream Along Border of Tract #1
Highway Entrance On Each Tract
Potential For Home Building Sites on Each Tract
Overhead Electric Lines On All Three Tracts
Recent Boundary Line Survey
Interior Trails
Additional Information Can Be Found By Clicking The “Bid Online Now” Button
Do You Need Financing For This Property? We Recommend The Following Lenders:
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 $5,000 non-refundable deposit per tract due the day of the auction (within 24 hours for online bidders at a distance) and the balance due at closing on or before 45 days. Deposit will be applied to the purchase price at closing. Please do not bid if you are not able to close within 45 days. Closing will take place at Law Office of John A. Terry, PLLC South Boston VA.
- 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 under the photo
Note For Real Estate Agents: Preapproved (No later than 5:00 PM on December 3) buyers agent participation will be compensated. Click Here For Form
Click Here To See Property Details And Bid
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 at the auction. 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 attending the auction and inspecting the property assume all risks whatsoever of damage or loss to person and property and specifically release the Auctioneer 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 for 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 $5,000 for each tract is required from the high bidder(s) immediately after confirmation of final bid and the balance due at closing on or before 45 days (unless prior arrangements have been made with the auctioneer). Deposit must be in the form of a wire transfer or check drawn on a US bank. The signed contract and nonrefundable deposit 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 shall 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. The Law Office of John A. Terry, PLLC South Boston VA will handle closing.
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 WARRANTY:
There is no 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. All inspections of the property must be done before the auction. Closing must be within 45 days and time is of the essence. All information provided is believed to be correct but NO warranty as such is either expressed or 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 within 45 days 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 bidders 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 AS-IS; 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,” all properties in auctions will be sold subject to seller confirmation or will have a pre-established minimum Reserve Price. The starting bid is not the 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.
BROKER COMPENSATION:
Preapproved (No later than 5:00 PM the day before the auction ends) brokers participation will be compensated. Twenty percent (20%) of the buyers premium will be paid to a qualified licensed real estate agent whose registered buyer's offer is accepted by the seller and closes on the property. To qualify for a commission, the agent must first register his/her self and client with the Auctioneer at least 24 hours prior to the close of auction. Brokers only receive commission when they represent a client, not if they themselves are the client. Commissions will be paid only after closing and after the Auctioneer has been paid in full. Agents are not required to attend the closing but must attend the auction with their client and/or visit the property with their client during the marketing period. Agents must have client's permission to register him/her for the auction. Agents may not register people who are not actually their clients. If an agent has not met all of these requirements, no commission will be paid to the cooperating agent, even if the agent's client purchases the property. Under no circumstances whatsoever will any commission be paid if the sale does not close for any reason.
