ABSOLUTE REAL ESTATE AUCTION
160 Acres (±) - Stillhouse Hollow Rd. - Big Stone Gap, VA
Friday, May 3, 2019 - 1:00 P.M.
A Portion of the Estate of Ollie James Hopkins
This tract will ABSOLUTELY have a new owner! The 160 Acres (±) is in a secluded location off Stillhouse Hollow Rd. in the Turkey Cove section of Lee County less than 5 miles from Big Stone Gap! The land is rolling to steep with a strong creek and a nice 2 story hunting cabin that has been gutted and is ready to be finished!
The timber has been recently cruised at almost $240,000! A copy of this along with the topo map are available here within. Or, call Compson Forestry Consulting at (276) 591-6359 for more information about the timber. The land is also loaded with wildlife including deer, bear and turkey!
Inspection: Property is located on a well defined right of way approximately ¾ mile from the road. Gate is locked. Gate will be open on Friday, April 26 and Saturday, April 27 from 7:00 A.M. to 4:30 P.M. and Friday, May 3 at 7:00 A.M. Call our office if you need further assistance. Bring your 4 wheelers or side by sides!
Terms: A 10% Buyers Premium will be added to the final high bid to
determines contract price. 5% deposit required, Balance @ Closing.
Directions: From 23 Business in Big Stone Gap, turn left onto Hwy. 58w Alternate towards Bullit Park, go 4.5 miles, turn left onto Stillhouse Hollow Rd., go .1 mile to property on left. Follow Creek Bed to beginning of property.
Compson Forestry Consulting 615 State Street Bristol, Va 24201
Appraisal for: Counts Auction, Ollie Hopkins tract
Acreage: 160 acres by deed, 191 acres plotted out
Timber Description: Highly variable, but predominantly good quality very mature yellow poplar and mixed hardwoods in the back of the property.
Species Volume(BF) $/MBF Total $
Yellow poplar 209,250 200 41,850
Red/Black oak 141,150 200 28,230
Chestnut oak 21,200 450 9,540
Ash 205,250 200 41,055
Hickory 16,000 200 3,200
White oak 24,880 1000 24,880
Hard Maple 121,600 450 54,720
Soft Maple 3,200 300 960
Walnut 29,350 1100 32,285
Cherry 1,200 450 540
Misc(Beech, Syc) 4,450 not economical to harvest
Totals 777,530 BF $237,260
Pulpwood Value: There is approx. 4500 tons of pulpwood on the tract. Due to the difficulty of logging, and the long skid it has no value to the landowner.
Total Stumpage Value: A fair market value estimate of the total a landowner could expect to receive for this timber standing would be $237, 260.
Comments: The timber on this tract is mostly good quality, and is mostly very mature in the back where it joins the National Forest. When plotted out, acreage was gained. The land in the front is very rocky, and scrubbier. This greatly increases the logging costs, in addition to the long distance the timber would have to be skidded. There are also many deep hollows and steep slopes which add to difficulty of logging