ABSOLUTE TRUSTEE AUCTION: 5.585 ACRES LOCATED IN THE RETREAT (LOT 63) ON SMITH MOUNTAIN LAKE
DATE: Friday, May 17, 2019
AUCTION SALE SITE: The sale will be conducted at the property.
PROPERTY INFORMATION: 5.585 acres located in The Retreat on Smith Mountain Lake. This wooded lot is located on the corner of Veranda Bay Dr. and Ivy Ln. It is a wooded lot with a covered boat house with two slips. Each slip is approximately 10’ W x 22’ L. One of the slips has an electric boat hoist as well as a remote-controlled electric pontoon boat cover. The boat house also has a storage shed. There is electricity to the boat house. In addition, the shoreline is rip rapped. It has about 190’ if water frontage on Smith Mountain Lake. The lot has 815’ if road frontage on Veranda Bay Ln and 200’ on Ivy Ln. The property also has public water available.
AUCTION SITE DIRECTIONS:
By road, from Rt. 40 (Old Franklin Turnpike), turn north onto Rt. 945 (Kemp Farm Rd) at The Whistle Stop. Go 0.7 miles on Kemp Farm Rd. to Rt. 938 (Standiford Rd.). Turn left onto Standiford Rd. and go 2.2 miles to Rock Cliff Rd. Turn right onto Rock Cliff Rd. and go 0.5 miles to Ivy Ln. Turn left onto Ivy Ln/Beech Dr. and go 0.7 miles to Veranda Bay Dr. Watch for the signs.
By water, the property is located just upriver from Marker B29 on the left side of the lake. Watch for the signs.
PREVIEW DATES: Saturday 4/27 (11:00 – 12:00), Saturday 5/4 (11:00 – 12:00), and Sunday 5/5 (11:00 – 12:00). Self-guided inspection tours are welcomed anytime.
TERMS: This will be an ABSOLUTE TRUSTEE AUCTION. The terms will be a 10% buyer’s Premium will be added to the high bid to determine the contract price. A deposit of $25,000 in certified funds will be due on sale day with the balance due in 15 days. Real estate taxes will be prorated as of day of the auction.
SALE MANAGER: Pete Ramsey (434) 258-6611