Recreational Land for Sale in Giles County VA!
You have the opportunity to purchase the ultimate recreational retreat in Narrows VA! This property showcases 247.75 +/- acres of mostly wooded land. The property was previously timbered and has regrowth. Excellent potential for long range views if one desired to build a mountain home. There are many trails throughout from the old logging roads. This would be a wonderful recreational retreat for hunting, ATV riding, hiking, camping, Horse Riding, etc. There is a 30’ deeded right of way to the property for access. It is in a great, private location near the Virginia/West Virginia line. There is no survey on the property. Property being sold by the deed description and acreage referenced there-in. Bidding for this auction is being done by the acre. See notes about Bidding Per Acre below.
Online Auction Ending Friday October 21st @ 3 PM
TBD Wolf Creek Rd., Narrows, VA 24124
Online Bidding – Online bidding is now active and runs through 3 PM on October 21st, 2022. SOFT CLOSE.
Directions – From Narrows – Take Rt 61 – Property on Left by 3135 Wolf Creek Rd Across from – 3140 Wolf Creek Rd.
Contact – Broker & Auctioneer Matt Gallimore at 540‐239‐2585 or email email@example.com; or Contact Levi Cox Realtor at 540-230-7162 LeviCox87@gmail.com
Bidding Per Acre: This property bidding is being done by the acre. Bidding amount is x the total acreage referenced in the deed (247.75 acres). Example = Bid of $100 x Acreage (247.75) = Bid Total of $24,775.
Acreage Disclosure: This property is being sold by the deed description and acreage referenced there. Buyer is aware that acreage may not be exact, and that auction is being conducted by the acre as referenced in the aforementioned deed.
SOFT CLOSE: If a bid is received within the last 3 minutes of the auction, 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 bid price place online, which will determine the Total Contract Sales Price. Bidders hereby understand that the Buyer’s Premium shall 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).
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 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 Buyer’s Broker Fee of (2%) is offered on any pre‐auction offers that are properly completed and submitted on the appropriate forms provided by the auction company.
Terms & Conditions – 10% Buyer’s Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $10,000 required on day of sale (October 21st 2022). Close on or before December 6th, 2022. Subject to seller confirmation. Property sold as is, where is with any and all faults. Buyer is expected to complete their own due diligence. Auction starts ending at 3 PM on October 21st 2022. 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. Download Bidder Information Pack for complete terms and conditions, purchase contract and maps.