Creek Front Land for Sale in Franklin County VA!
You have the opportunity to purchase a great piece of property for sale in Franklin County VA! This property features 30.29 acres in Penhook VA. The property has approximately 2000’ of frontage on Snow Creek and is mostly wooded with a small cleared area. There are multiple potential building sites which would be great for a private country home. Live here year round or just use it as a weekend retreat! Located in close proximity to Smith Mountain Lake and Rocky Mount. The property has been subdivided and surveyed into tracts but it being sold as one piece. Purchase this great property for a recreational retreat, private country homesite, weekend retreat, etc. You could also buy it and sell off the subdivided tracts that you do not need.
Online Auction Ending Thursday, February 23rd @ 4 PM
TBD Truevine Rd, Penhook, VA 24137
Online Bidding – Online bidding is now active and runs through 4 PM on Thursday, February 23rd, 2023. SOFT CLOSE.
Directions – From Rocky Mount VA Head southeast on Franklin St toward College St 23 ft - Turn right onto College St/Franklin St 167 ft - Turn left onto Franklin St 0.1 mi -Turn left toward Floyd Ave 115 ft -Turn left onto Floyd Ave 0.2 mi - Turn right onto US-220 BUS S/S Main St 2.3 mi- Turn left onto Doe Run Rd 7.9 mi - Turn left onto State Rte 646/State Rte 718 0.4 mi - Turn right onto State Rte 646 – Property on Left – See signs.
For GPS Use 926 Truevine Rd, Penhook VA 24137 – property located on both sides of parcel and behind.
SOFT CLOSE: If a bid is received within the last 2 minutes of the auction, the auction close time will automatically extend 2 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates “snipers” and encourages fair and impartial bidding from all participants.
BUYER’S PREMIUM – TEN PERCENT (10%): Buyer’s Premium shall be added to the final bid price place online, which will determine the Total Contract Sales Price. Bidders hereby understand that the Buyer’s Premium shall be added to the winning bid to create the Total Contract Sales Price for which they are obligated to pay for the property. Example: (winning online bid $100,000 + 10% buyer’s premium = total purchase price of $110,000).
PRE – AUCTION SALES: As an agent for the Seller, the Auctioneer must present any and all bona fide written offers to the Seller, which may be created outside of the online bidding platform. Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all the auction terms and conditions and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required earnest deposit. Properly submitted offers will be presented to the Seller in a timely manner. Seller may accept or reject such offer at their sole and absolute discretion. When a pre-auction offer is submitted, all properly registered online bidders will be notified that “an offer” has been submitted and on which specific property, however the amount of the offer shall remain confidential. All pre-auction offers must allow a minimum of 24 hours for seller’s acceptance. A Buyer’s Broker Fee of (2%) is offered on any pre-auction offers that are properly completed and submitted on the appropriate forms provided by the auction company.
Terms & Conditions: 10% Buyer’s Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $10,000 required on day of sale (February 23rd 2023). Close on or before April 10th, 2023. Subject to seller confirmation. Property sold “as is, where is, with any and all faults.” Buyer is expected to complete their own due diligence. Auction starts ending at 4 PM on February 23rd 2023. Please note that during the last two minutes of bidding, if a new bid is placed, the clock is automatically extended an additional two minutes. Download Bidder Information Pack for complete terms and conditions, purchase contract and maps.