ABSOLUTE REAL ESTATE 160 Acres (±)

160 Acres (±) - Stillhouse Hollow Rd. - Big Stone Gap, VA A Portion of the Estate of Ollie James Hopkins 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! 
160 Acres (±) Big Stone Gap, VA
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Details

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

 

Timber Appraisal

 

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

Terms and Conditions

A 10% Buyers Premium will be added to the final high bid to
determines contract price. 5% deposit required, Balance @ Closing.