Valuable Real Estate For Sale At Online Auction
Closing February 16, 2020 @ 1:00 PM

We are offering at online auction the real estate and improvements located at 1327 Highland Turnpike, Monterey VA 24465.

This property is 4.36+/- acres zoned single family residential and improved by a one bedroom, one bath home as well as a shop/garage building. It features over 500 ft of road frontage on US Rt 250 at the top of Jack Mountain with great views to the east and west as well as a potential home building site located away from the highway.

This Is An Online Only Auction - All Bids Must Be Submitted Online. Click The "Bid Online Now" Button To See Property Details and To Bid.

This property is being sold subject to seller confirmation.

Property Highlights:

• Small One Bedroom, One Bath Home Currently Rented For $300 Per Month
• Garage/Shop Building With Oil Furnace And Well
• Excellent Investment or Rental Opportunity
• Over 500 Ft Of Road Frontage on US Rt 250
• Great Mountain Views
• Level Building Site Away From The Highway For Future Development

Additional Information Can Be Found At The 'Documents' Tab At The Top Of This Listing and By Clicking The “Bid Online Now” Button.

This property has been divided off the original 8.155 Acres shown on the Highland County GIS system.  An updated survey plat is included in the documents tab at the top of this page.  Not included on that plat is an existing right of way for the adjacent landowner to access their home at 1323 Highland Turnpike.

Current Tenant Plans To Move In March

The bidding for this auction will close at 1:00 PM February 16 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.

Property Tour Dates: Saturday January 30 from 1-5 PM, Wednesday February 3 1-5 PM, Saturday February 6, 9AM to 5 PM, and Friday February 12 From 1-3 PM or at other dates by appointment. Please Call Linford Berry at 540-476-3309 for more information or for an appointment.

This property is being sold AS-IS with no financing/appraisal/inspection contingencies and with no warranties or guarantees of any kind. Seller does guarantee clear title to the property. Bidders are encouraged to 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.

Terms: (See our complete terms at the tab above). Payment will be in the form of Cash or Cash Equivalent with a $5,000 non-refundable deposit due the day of the auction (within 24 hours for online bidders at a distance) and the balance due at closing within 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.

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).

Realtor Representation: Preapproved (No later than 5:00 PM on Monday February 15) brokers participation will be compensated. Ten percent (10%) 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.