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Former bank branch, waterfront lots, bulk residential lot packages, commercial land and a spectacular Victorian home. Many of these properties are being sold at Absolute Auction...no mimimums, no reserves. Don't miss this incredible opportunity to buy real estate at public auction.
31 AC Vacant Land: Chilhowie, VA
Jul 9 @ 12:00AM EDT (Start)
Jul 19 @ 12:00PM EDT (End)
Former bank branch, waterfront lots, bulk residential lot packages, commercial land and a spectacular Victorian home. Many of these properties are being sold at Absolute Auction....
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Property Details

Property Type: Vacant Land

Auction Type: Reserve

Seller Type: Private Equity Group

Address: BeBee Lane Chilhowie , VA 243191

County: Smyth

Beds / Baths: /

Year Built:

SqFt:

Total Land Area: 31.69 Acres

Subdivision Name: Cleghorn Valley

Lot No: Tract B

Tax Id: 42-A-28E

Lat/Lon: 36.85148, -81.67988

Agent Details

Listing Agent Information
Adrienne Hamilton
ERA Sunrise Realty
404.667.5722

Thehomefindersgroup@gmail.com 

Buyer Agent Coop: 2% of High Bid

Closing Agent: 
Francis E. Mroz
Nolan & Mroz, PLC

2301 Gallows Road, Suite 200,
Dunn Loring, VA 22027 
703.281.2600

Closing Date: 30 Days from Binding Agreement Date

Deed Type: Limited Warranty Deed

 

Terms and Conditions

The following Terms and Conditions apply to all properties offered in this auction. Seven Hills Auctions, LLC hereinafter “Auctioneer”, shall be construed to apply to all officers, principals, employees, agents and/or any other representatives hired or contracted with the Auctioneer. Anyone participating in the auction by registering for the auction, placing a bid or bidding on behalf of another person or entity with a Power of Attorney shall hereafter be referred to as a “Bidder”.
 
All Bidders are required at the time of registration to acknowledge that they have reviewed and accepted the Terms and Conditions. Additionally, by placing a bid the bidder is specifically acknowledging and accepting the conditions stated in these Terms and Conditions as well as the provisions in the Purchase and Sale Agreement.
 
Agency:  The Auctioneer is acting as an exclusive agent for the Seller in this transaction. The Auctioneer does not represent the Bidder.
 
Due Diligence: All information provided by the Auctioneer is deemed to have been obtained from reliable sources; however, the Auctioneer makes no representations or warranties to its accuracy. It is the Bidder’s responsibility to conduct his/her own due diligence, inspect, review and/or analyze each property prior to placing a bid. All sales are pursuant to the property being sold on an “as-is, where-is” basis, with no representations or warranties of any kind, expressed or implied by the Seller and/or Auctioneer.
 
Inspection: Each Bidder is encouraged to inspect the property prior to Bidding. When shown, contact the listing agent for scheduled inspection times or for an appointment. Where no listing agent is identified, contact the auctioneer for information on how to obtain access to a property. If a property is identified as “Occupied” contact the auctioneer or listing agent to see if times are available for inspection and do not disturb the tenant.   
 
Buyer’s Premium: The successful bidder will be required to pay a buyer’s premium of 10% of the final accepted bid price. The buyer’s premium shall become part of the total purchase price in the Purchase and Sale Agreement.
 
Escrow Deposit & Contract Execution: The Purchase and Sale Agreement, wiring instructions and closing information will be emailed to the successful Bidder immediately following the ending of the auction or upon bid acceptance by the seller.  The successful bidder must within 48 hours execute the Purchase and Sale Agreement and remit an earnest deposit. The earnest deposit is calculated from the total purchase price (i.e. high bid amount plus the buyer’s premium). For properties with a total purchase price of $2,499 or less the full purchase price is due, for properties selling for $2,500 to $100,000 the greater of $2,500 or 20% is due, for properties selling for $100,001 to $200,000 15% is due and for properties selling from $200,001 or greater 10% is due.
 
Closing: All properties must close within thirty (30) days of the “binding agreement date”, unless otherwise stated in the Purchase and Sale Agreement. The “binding agreement date” is the date in which the last signatory party executes the Purchase and Sale Agreement. The closing will be conducted by the firm shown on the individual property specific web page at 7hauctions.com. All closing cost will be paid by the successful Bidder including, but not limited to, attorneys’ fees to prepare the closing documents and deed, closing coordination fee, title examination, transfer tax and purchaser’s legal fees. Taxes and property owner association dues will be prorated as of the date of closing.  Title Insurance will be available for purchase.
 
Broker Participation: Broker Participation is encouraged by the Auctioneer. A commission of 2% of the highest accepted bid (before adding a buyer’s premium) will be paid to any qualified licensed real estate broker that holds a current and valid license in the state where the property is located. Commissions will only be paid at closing. In order to qualify the broker must submit the Broker/Bidder Participation Form, prior to the bidder placing a bid or by 3:00 P.M. eastern time on the day preceding the auction, whichever comes first. UNDER NO CIRCUMSTANCE WILL BROKER REGISTRATION BE ALLOWED ON THE DAY OF THE AUCTION.  A bidder is only allowed to be registered by one broker.
 
Non-Compliance: If a participant is the successful high bidder and fails to execute the Purchase and Sale Agreement and/or remit the earnest deposit with 5 days of the Purchase and Sale Agreement being delivered, the participant will be responsible for a Non-Compliance Fee of up to $5,000. This Non-Compliance Fee is a penalty for failing to abide by the Terms and Conditions of the auction. Auctioneer at its discretion shall charge the credit card on file or use any other means necessary to collect such fees. Any bidder that fails to execute a Purchase and Sale Agreement and/or remit an earnest deposit may also be prohibited from bidding on future auctions conducted by the Auctioneer. The Seller and Auctioneer, upon Non-Compliance by a bidder, reserves the right to immediately offer the property for sale.
 
Successful Bidder Default: A successful bidder that fails to close per the specific terms of the Purchase and Sale Agreement for any reason shall be required to release their earnest deposit to the Seller as nonexclusive liquidated damages as fully outlined in the Purchase and Sale Agreement.
 
Extended Bidding:  All online auctions include an EXTENDED BIDDING feature. If a bid is placed on any property within the last five (5) minutes of the auction the ending time of the auction for ALL properties will be extended for five (5) minutes. The bidding on ALL properties will remain open until no further bids have been placed on ALL properties for five (5) minutes.
 
Bid Increments: The bidding increments for all properties will be as follows:
Amount Up To                   Bid Increments
$2,500                                   $100
$10,000                                 $250
$50,000                                 $500
$100,000                              $1,000
$250,000                              $2,500
$500,000                              $5,000
$1,000,000                           $10,000                
$1,000,000+                        $25,000
 
Technical Problems: The auction will be conducted using online bidding. Any technical problem that may arise from internet connectivity, hardware, software, human error, or any other such issue whether on behalf of the Bidder or Auctioneer may arise at any time without notice. In the event such technical problems arise, neither Auctioneer nor the Seller shall be responsible. Auctioneer, reserves the right to cancel, postpone and/or extend the bidding time in the event of such technical problems. Any actions the Auctioneer takes shall be final.
 
Additional Terms: All property is being sold “As-Is, Where-Is” with all faults and is selling subject to any existing restrictions, conditions, easements, zoning, property owners associations fees and all matters that may be reveled in a current survey, inspection and/or title examination. No warranty is expressed or implied as to the improvements, soil, environmental, wetlands, zoning or any other matters. The Auctioneer reserves the right to cancel the auction at any time, add properties or delete properties without notice. The seller reserves the right to reject any bid unless the property is selling “Absolute”. The Seller and their agents reserve the right to place bids on the property up to the Seller’s reserve. Any acceptance of a winning bid maybe rescinded by the Seller, in the seller’s sole discretion, for any reason prior to the Purchase and Sale Agreement being executed by the Seller, unless selling “Absolute”. Neither the Auctioneer nor Seller will be responsible for any omissions or errors related to this auction, these terms and conditions, the Purchase and Sale Agreement and/or the closing documents. All bidders shall carefully review, inspect, analyze, perform any test or other necessary due diligence prior to bidding. Bidders shall make their own determination as to the accuracy of any due diligence or information provided by the Auctioneer or Seller. No personal property will be conveyed unless specifically denoted in the Purchase and Sale Agreement. The terms of the Purchase and Sale Agreement shall prevail in the event of any inconstancies between the terms and conditions of the auction, announcements, communications by the Auctioneer and/or the Purchase and Sale Agreement. The Auctioneer is not responsible for any technical issues, missed bids or bids placed after the closing of the auction. The Auctioneer reserves the right, in its sole discretion, to revoke the bidding privileges of any bidder at any time for any reason.  
 
Seven Hills Auctions, LLC
 
GA/FL Broker: William C. Lee III (Firm: FL-CQ1057830; GA-77326)
Auction License: GA: AUC003134, FL: AB3765, AL:#5495
 
Tennessee Properties Selling in Association with:
Qualifying Broker, Henry B. Glascock
 
Virginia Properties Selling in Association with:
Annie Nouri and Prime Auction Solutions. VA License Number 2907004238
 
McIntosh, Brantley and Camden County Georgia Properties Selling in Association With:
Henry Realty & Auction, LLC: GA RE Firm# 77078; Broker Tim A. Henry Lic.# 170313, GA Auction Lic. AU002827
Live and Online Real Estate Auction - River Front Mansion on 2.4 Acres on "THE GOLD COAST" of Tappahannock, VA
11 BR/12 BA Rappahannock River Front Mansion on 2.4 Acres on "THE GOLD COAST" of Tappahannock, VA
Aug 23 @ 11:00AM EDT (Start)
From the Estate of A.N. Johnston III: 11 BR/12 BA furnished brick home on 2.4 +/- acres (double lot). Swimming pool, pool house & tennis court. 400' +/- dock & 343' +/- of Rappahannock...
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From the Estate of A.N. Johnston III (J. Robert Yeaman III, Executor):  We have been contracted to market and sell this iconic Rappahannock River front home on "The Gold Coast" of Tappahannock, VA at public auction.  The amazing property is absolutely ideal for a multi-generational family living situation, corporate retreat or weekend river get away.....make it yours!!

Property Tour:  Wednesday, August 14 @  4:00pm SHARP!  Please contact Kelly Strauss for more information (540-226-1279).

Need to get a mortgage for this property?? Contact Kelly Strauss for financing information (540-226-1279)

  • 11 BR/12 BA furnished brick home on 2.4 +/- acres (double lot) w/swimming pool, pool house, tennis court and 400' +/- dock--343' +/- of Rappahannock River frontage!!
  • This home has 9,494 +/- sf. above ground and 3,984 sf. basement for a total of 13,478 +/- sf. of living space.
  • Features:  3 kitchens, formal dining room, sunken great room w/custom bar & 20'+ ceilings overlooking the river, formal living room, den/study, office/library, 9 fireplaces, huge master suite and bathroom, 4 staircases from main floor to 2nd floor, 2 staircases from main floor to basement, 3 handicap chair lifts for steps, multiple washer/dryer hook ups, 2nd floor den w/wet bar
  • 1,400 +/- sf. 3 car attached garage w/storage space and full bathroom
  • Home features ornate chair rail, crown and base molding and wainscoting
  • All of the bedrooms on the rear of the home have a walk-out balcony over looking the majestic  Rappahannock River!
  • Storage attic w/separate staircase
  • Central vac system; security system; intercom system; water treatment system; out door shower
  • The amazing pier/dock features boat lift, several slips, rod holders, glass enclosed sun room w/ceiling fans, storage room w/sink.  Dock has electricity and water.
  • Home has access to community concrete boat ramp
  • Home is heated and cooled by heat pumps and has 9 gas log fireplaces; public water and private septic system
  • A fabulous enclosed boat house completes the end of the 400' +/- dock to allow for four season enjoyment of sunsets and panoramic water views
  • This home will be sold with all the furnishings; however, if the new owner does not desire to keep the furnishings, we will be happy to connect you with a liquidator willing to discuss purchasing the furnishings and removing them from the home.
  • Tax Maps:  31D-1-A-12A & 12;  Zoned:  R-2; Total Essex County tax assessed value:  $1,655,700.00
  • Annual 2019 Tax: $14,570.16 
  • Only $250,000 Starting Bid!!

Although not required, if you have been working with a Realtor, please have them click here and complete the Realtor Representation form.  In order for the real estate agent to be compensated, forms must be completed and submitted no later than 5 pm on 8/22/19, and all terms adhered to.

TERMS:  $25,000 deposit is due immediately after confirmation of final bid and the balance due at closing within 30-45 days (unless prior written arrangements have been made by contacting Kelly Strauss 540-226-1279 or kelly@nichollsauction.com). Deposit must be in the form of a cashier's check/certified check (from a US bank) made payable to yourself. A 10% buyer's premium will be added to the final bid, and will become a part of the purchase price. Property sold in as-is condition, and is not contingent upon buyer's financing, condition of property, appraisal, inspection, etc.   Pre-approved (no later than 5 pm on 8/22/19) broker participation is compensated. Auctioneer's Note: All information and dimensions were derived from sources believed to be correct, but are not guaranteed. Buyers shall rely on their own information, judgment, and inspection of the property. All auction day announcements take precedence over any previously printed material or any other oral statements made.
We are happy to offer online/simulcast bidding for bidders who cannot physically attend the live auction event. Please understand and agree that online bidding will only be allowed if the buyer is physically NOT on site at the live auction. Online bidding will NOT be allowed if you are physically in attendance at the live auction event.
 
ADDITIONAL TERMS for THOSE PLANNING TO BID LIVE ONLINE
In addition to the above terms and conditions, Please read below if you are participating and registered for LIVE ONLINE SIMULCAST BIDDING
  • Contact the auction coordinator (his or her name and contact number is on the NichollsAuction.com site under the auction you are bidding on) immediately if you need additional information.
  • Bidder Verification: The identity of all bidders will be and must be verified (via phone, email or text).  Bidding rights are provisional, and if complete verification is not possible, Nicholls Auction Marketing Group, Inc. will reject the registration, and bidding activity will be terminated.
  • At the close of the auction, and seller confirmation, the successful bidder will be emailed or given the contract package to execute and return to Nicholls Auction Marketing Group, Inc. The successful bidder’s earnest money deposit must be in the form of cashier’s or certified check (United States Bank) or wire transfer to Nicholls Auction Marketing Group, Inc. The entirety of the remaining balance is due at closing. Purchaser shall be responsible for all wire transfer fees.
  • Contract Packages will be sent by e-mail or hand delivered to the high bidder, who must execute and hand deliver, email, fax or overnight mail back to Nicholls Auction Marketing Group, Inc., within 24 hours of receipt. If the successful bidder does not execute and return their contract with earnest money deposit within 24 hours of receipt they will be considered in default and subject to legal action. This is a legal binding contract.
  • In the event a winning bidder fails to submit the signed ’Contract for Sale of Real Property’ and deposit earnest money as provided in the pre-stipulated Auction Terms, the winning bidder will be charged an administrative fee of $10,000.00 on the credit card provided at auction registration. Additional default remedies are reserved by Nicholls Auction Marketing Group, Inc., and the Seller as provided in the Auction Terms & Conditions and the ‘Contract of Purchase’. All administrative fees are non refundable.
  • Any reliance on the contents shall be solely at the recipient’s risk. Bidders must conduct and rely solely upon their own investigations and inspections. The property is being sold ’AS IS’ with any and all faults. Please review all information supplied, and seek appropriate assistance prior to bidding.
  • Technical Issues: Neither the company providing the software nor the auction company shall be held responsible for a missed bid or the failure of the software to function properly for any reason.  In the unfortunate event of a DDOS attack or server attack/shut down, the auction company reserves the right, but is not required, to extend bidding time.  To minimize the chance of being affected by internet or software issues, please use the “Max Bid” feature.  Please contact Tim Peters/Bid Wrangler @ 844-296-8727 if you need assistance with the online bidding platform.
REGISTER FOR UPDATES HERE!
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May 22 @ 6:00AM EDT (Start)
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CATALOG COMING SOON- REGISTER TO RECEIVE AUCTION UPDATES. Collections feature: Signed Art, Antiques, Rare Decor, Furniture, Carpets and Objects D' Art from Around the World. Call...
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Online Estate Auction


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Collections feature: Signed Art, Antiques, Rare Decor, Furniture, Carpets and Objects D' Art from Around the World. Call 703.889.8949 for details & info.

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Pickup info: TBA

Pickup must be arranged and completed promptly picked up during scheduled times. Please contact 703.889.8949 or inquiry@primeauctionsolutions.com to schedule your in person pick up.

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