Valuable Real Estate For Sale At Online Auction
Closing November 3, 2022 @ 1:00 PM
To settle the estate of the late Dr John and Jeanne Spangler we are offering at online auction the real estate and improvements located at 121 Garber's Church Rd, Harrisonburg VA 22801. This property is being offered in two separate tracts. Tract #1 is 0.731 +/- Acres improved by a 4 bedroom 2 1/2 bath brick home, and detached garage. Tract #2 is 3.778 +/- acres of adjacent land zoned R1 and ready for future development. This property is well located in a very desirable part of the City of Harrisonburg with great views, easy access to Rt 33, close to Harrisonburg City Schools, Heritage Oaks Golf Course, and Hillandale Park.
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 is 0.731+/- acres improved by a well constructed colonial style brick home and detached garage. This house was built in 1952. It has 3,168 sq ft of living space with 4 bedrooms and 2 1/2 baths along with stately columns on the front porch, enclosed side porch and a large unfinished basement. This solid house features hardwood floors throughout, beautiful staircase, spacious attic storage, and eat in kitchen. It could use some cosmetic updating but will make a very nice home for a large family or vacation rental. The property is served by municipal water and sewer and features a paved circular driveway with brick retaining wall in the front.
Tract #2 is 3.778 +/- acres of potential development land zoned R1 and adjacent to tract #1. This tract is one of the last undeveloped parcels in this part of Harrisonburg. Municpal water and sewer are available at the property. Preliminary drawings have been done showing potential development options. Please see the documents tab for these drawings. This tract is being sold as one lot. Any further subdivisions will be the responsibility of the new owner.
Both tracts have just been surveyed and current survey is available at the documents tab. Both tracts are separate tax map parcels and plat has been recorded as such. Lead based paint disclosure will be required on Tract #1 due to the age of the house.
The bidding for both of these tracts will close at 1:00 PM November 3, 2022 with a two minute auto extend. This means that if a bid is placed on either tract within the last two minutes, the bidding will be extended on both 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 subject to seller confirmation with a starting bid of $25,000 per tract.
We Guarantee A Free And Clear Title To The Property
Property Tour Dates: Thursday Oct 13 and October 27 @ 1 PM, or on other dates and times by appointment. Please Call Linford Berry at 540-476-3309 for more information or for an appointment.
Conveniently Located Close To City Schools, Heritage Oaks Golf Course, and Parks
Just Minutes From Downtown Harrisonburg and Local Attractions
Beautiful Mountain Views
Zoned R1 Single Family Residential
Detached Garage With Paved Driveway
Brick Home With Shingle Roof
Hardwood Floors Throughout
Full Unfinished Basement and Large Attic Storage Area
Municipal Water and Sewer
New Survey Just Completed
Preliminary Drawings Completed For Development Of Adjacent Acreage
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 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 non-refundable deposit for each tract, due the day of the auction (within 24 hours for online bidders at a distance) and the balance due at closing on or before 45 days. Deposit will be applied to the purchase price at closing. If you are getting financing for this property please be pre-approved and be confident that you will be 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 November 2, 2022) 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.