Fixer Upper Cottage with Creek & Pond for Sale | Live and Online Auctions on HiBid.com

This fixer-upper cottage offers the potential for a peaceful retreat or permanent residence in Woolwine, VA. The property features +/- 6.85 acres with a beautiful pond and bold frontage on Gills Creek. Tract has great road frontage on both Woolwine Hwy (Route 8) and Mill House Road. There are 2 driveways already in place, with one on each road. The 1.5 story home features 2 bedrooms and 1 bath. Patrick County shows a year built of 1985 but this is incorrect. It is estimated that the house was built in 1947. It has approximately 1,804 sq ft of living space with drywall walls, wood and carpet flooring inside. Home is finished with wood siding and a metal roof, and is heated by oil. It is served by a private spring and septic system. Property is within sight of Woolwine Elementary School, Dollar General and Post Office. It is also within a short commute of the Blue Ridge Parkway and Fairy Stone State Park. With its prime location and potential for renovation, this property presents an excellent opportunity for those seeking a tranquil and customizable living space. Online Auction Ends Friday, November 22nd, at 3 PM 10327 Woolwine Hwy., Woolwine, VA 24185 CONTACT: Auctioneer Matt Gallimore at 540-239-2585 or email Gallimore.Matt@gmail.com. You can also contact Realtor Booie DeHart at 276-952-5061 or email BooieD@yahoo.com DIRECTIONS: From the Town of Floyd, take Route 8 S towards Stuart VA. Property is at the intersection of Woolwine Hwy (Route 8) and Mill House Run Rd. BIDDER PACK: Download Bidder Pack for complete information. Bidder Pack has maps, complete terms and conditions, sample contracts, tax cards, and restrictions. Some of the plats in Bidder Pack may have notations and boundaries created by Auctioneer for illustration purposes, however unchanged surveys are in Bidder Pack as well. SOFT CLOSE: If a bid is received within the last 2 minutes of the auction or after 3 PM, 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 online bid, which will determine the Total Contract Sales Price. Bidders hereby acknowledge and understand that the Buyer’s Premium will 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). Buyer’s Premium is not due until closing. 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 off 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 Referral Fee of 2% of the high bid is offered to a cooperating VA State Licensed Real Estate Salesperson/Broker on any pre-auction offers that are properly completed and submitted on the appropriate forms provided. Download Bidder Pack for Online Bidder’s Agreement, maps, sample contracts, and property information. TERMS AND CONDITIONS: 10% Buyer’s Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $5,000 is required on the day of sale. Close on or before January 6th, 2025. Subject to seller confirmation. Property sold as is, where is with any and all faults. Buyer is expected to complete their own due diligence before placing a bid. Auction starts ending at 3 PM on November 22nd, 2024. 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. Be sure to register to bid early to ensure you receive notifications regarding any changes to the Auction, Bidder Packet and/or Pre-Auction offers received. Download Bidder Information Pack for complete terms and conditions, purchase contract and maps at VAAuctionPro.com