Absolute Trustee Auction - 33.03 ± acres selling in 2 tracts - Albemarle Co.

PREVIEW DATES: Thursday, May 19 (12 – 2 pm) and Thursday, May 26 (12 – 2 pm) SALES MANAGERS: Pete Ramsey (434) 258-6611 and George McDaniel (434) 546-9235
Live Auction
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Details

DATE: Thursday June 2, 2022 @ 12:00 pm

SALE SITE: Albemarle Co Circuit Courthouse, 501 E. Jefferson St., Charlottesville, VA 22902

LOCATION OF PROPERTY: 4574 Belle Vista Dr, Barboursville, VA 22923 (Albemarle Co.)

PREVIEW DATES: Thursday, May 19 (12 – 2 pm) and Thursday, May 26 (12 – 2 pm)

SALES MANAGERS:  Pete Ramsey (434-258-6611) and George McDaniel (434-546-9235)

PROPERTY INFORMATION:  

33.03 acres offered in two tracts.

     Tract 1 is 30.72 +/- acres and has a 3,200’ barn. The barn has an office, bathroom, and open space for storage. This tract has a well and septic system.  Over 8 acres of Tract 1 is planted in several varietals of grapes. In addition, there are multiple great homesites on this tract with outstanding views of the vineyards and mountains.

     Tract 2 has 2.31 +/- acres. This tract is part of a bluff that has excellent views of the mountains. This tract will make an excellent home site.

DIRECTIONS: From the intersection of Rt. 250 and Rt. 20 in Charlottesville, go 11.5 miles on Rt. 20 North to Belle Vista Dr. Turn right onto Belle Vista Dr. Watch for auction signs. From the intersection of Rt. 33 and Rt. 20 in Barboursville, go 3.2 miles on Rt. 20 South to Belle Vista Dr. Turn left onto Belle Vista Dr. Watch for auction signs.

PARKING: Note: There is no available parking at the sale site. Please view the attachment in the downloads section on this page to see where available parking is located. Plan to arrive in the area a little early to find a parking spot and to allow time to walk to the courthouse. Thank you.

DISCLOSURE: For the purpose of ensuring compliance with applicable federal regulations restricting “related party” transactions by Farm Credit of the Virginians (Seller), Purchaser represents and warrants to Seller that as of the date of this Contract, Purchaser is not an employee, director, or officer of Seller or an immediate family member (meaning spouse, parent, sibling, child, step child, parent-in-law, sibling-inlaw, son-in-law, or daughter-in-law) of any employee, director, or officer of Seller. If purchaser is a corporation, partnership, limited liability company, or other entity, Purchaser represents and warrants that none of its manager(s) or owner(s) are related parties of Seller as described above, unless Purchaser is a public company whose entity is traded on a national recognized exchange, in which case, only a controlling interest shall be consider for purposes of this representation. If purchaser is a trust, Purchaser represents and warrants that neither it trustee(s) nor its beneficiaries are related parties of Seller as described above.  

Terms and Conditions

     Tract 1 - A deposit of $60,000 in certified funds due on sale day or 10% of the winning bid will be due from the high bidder at the sale, with the balance – including the Buyer’s Premium of 10% - due upon delivery of a trustee’s deed within 30 days of the sale. If the initial deposit is less than 10% of the winning bid, the successful bidder’s deposit must be increased to 10% of the winning bid by certified funds or wire funds within three (3) business days.

     Tract 2 - A deposit of $15,000 in certified funds due on sale day or 10% of the winning bid will be due from the high bidder at the sale, with the balance – including the Buyer’s Premium of 10% - due upon delivery of a trustee’s deed within 30 days of the sale. If the initial deposit is less than 10% of the winning bid, the successful bidder’s deposit must be increased to 10% of the winning bid by certified funds or wire funds within three (3) business days.