Valuable Real Estate For Sale At Online Auction
Closing August 11, 2022 @ 1:00 PM
We are offering at online auction the real estate and improvements located at 527 Burkes Mill Rd, Mt Sidney VA 24467. This property is comprised of 3 tax map parcels and is being offered in two separate tracts. Tract #1 is two tax map parcels totaling 8.795 +/- acres improved by a 2 bedroom 1 bath home, detached garage, barn, and numerous outbuildings. Tract #2 is a 1.962 +/- acre potential building lot across the road from Tract #1. This is an excellent opportunity for small scale farming or homesteading with fenced acreage, small pond, and farm buildings.
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.
Tract #1 includes the house, detached two car garage, barns, and outbuildings. The house is a well constructed home built in 1930. It has 2 bedrooms and 1 bath with nice front porch, enclosed side porch and partial unfinished basement. This is a solid house that has been very well maintained by the same owner for the past 70 years. It could use some updating but will make a nice home for a small family with room to spread out on two tax map parcels totalling 8.765 +/- acres. The property is served by private septic and drilled well.
Tract #2 is a potential building lot across the road from Tract #1 totaling 1.962 +/- acres. This lot has a current perc test and transferable certificate from the Augusta County Health Dept. It features some mature hardwoods along the edge of the property and road frontage on Burkes Mill and Flint Hill Rd. If you are looking for nice neighborhood to build in, this is your opportunity.
Both tracts have just been surveyed and current survey is available at the documents tab. Lead based paint disclosure will be required on Tract #1 due to the age of the house.
The bidding for all of these tracts will close at 1:00 PM August 11 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 the entire property you will need to be the high bidder on both tracts.
This property is being sold to the highest bidder regardless of price with a starting bid of $25,000 for Tract #1 and $5,000 for Tract #2.
Property Tour Dates: Thursday July 21 @ 1 PM, Thursday August 4 @ 1 PM, or on other dates and times by appointment. Please Call Linford Berry at 540-476-3309 or HL Wenger @ 540-246-3333 for more information or for an appointment. Please note that if you enter the property or buildings you will be doing so at your own risk. Auctioneer and property owner will not be responsible for accidents.
Conveniently Located Between Harrisonburg and Staunton
Just Minutes From I-81 at Weyers Cave
Detached Garage With Paved Driveway
Barn, Wash House, Shop, Chicken Houses And Woodshed
Wood Stove and Oil Furnace and Heat Pump/AC
Metal Roof, Vinyl Siding
Well and Two Cisterns On Property
New Survey Just Completed
Ideal Homestead Or Small Farm
Additional Information Can Be Found At The 'Docs' Tab At The Top Of This Listing and By Clicking The “Bid Online Now” Button.
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.
Payment Terms: (See our complete terms at the tab above). Payment will be in the form of Cash or Cash Equivalent with a $10,000 for Tract #1 and $5,000 for Tract #2 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 August 10) 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.