Recreational Land on the Smith River for Sale in Patrick County VA!
You have the opportunity to purchase a beautiful farm or recreational retreat for sale in Stuart VA. This property features 20.015 acres in Patrick County VA. It has over 1,000 ft. of Smith River frontage and a pond! There is an older home on the property which has little to no value and needs repair. Beautiful gently rolling farm land. There is a spring located on the property and electricity is in place. Don’t miss out on this beautiful property!
Online Auction Ending Thursday, December 1st @ 4 PM
2271 Bob White Rd., Stuart, VA 24171
Online Bidding – Online bidding is now active and runs through 4 PM on December 1st, 2022. SOFT CLOSE.
Directions – From Howells Grocery in Stuart - Head northeast on 8 N toward Deer Haven Ln 8.6 mi - Turn right onto State Rte 618 1.0 mi - Turn right onto State Rte 708 0.2 mi - Turn left 226 ft Property located across road from 2186 Bob White Rd Stuart, VA 24171
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 (December 1st 2022). Close on or before January 16th, 2023. 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 4 PM on December 1st 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.