Selling for the Virginia Tech Foundation.
Absolute Auction of Residential Mutli-Parcel tracts
PROPERTY LOCATION
Lancaster Shores Subdivision
Shore Dr & Lancaster Creek Rd
Lancaster, Va 22503
AUCTION LOCATION
Lancaster County Administrative/Court Building
8311 Mary Ball Rd
Lancaster, Va 22503
16 lots in Lancaster Shores Subdivision offered in 5 tracts. Quiet setting close to Belle Isle State Park, Lancaster Creek, the Rappahannock River and Chesapeake Bay. Waterfront, water view, and off-water lots available. Approx. 1hr from Fredericksburg, Richmond and Williamsburg, VA.
All parcels offer a water system managed by Aqua Virginia with a $2500 connection fee. All lots require private septic.
TRACT 1: 2.15 Acres
- 4 tax parcels including Lancaster County Tax Map #s 5A-1B-25 thru 28
- 360’ of frontage on Shore Dr
- Waterfront along Lancaster Creek which has direct access to the Rappahannock
- Total tax assessment $56,500
TRACT 2: 1.5 Acres
- 4 tax parcels including Lancaster County Tax Map #s 5A-1B-21 thru 24
- Nice corner lot
- 295' Frontage along Lancaster Creek Dr
- 258' +/- of frontage on Shore Dr
- Total tax assessment $20,500
TRACT 3: 0.77 Acres
- 2 tax parcels including Lancaster County Tax Map #s 5A-1C-2 & 3
- Corner Lot
- 295+' Frontage on Shore Dr
- 100+' Frontage on Washington Street
- Total tax assessment of $8,000
TRACT 4: 1/2 acre & 0.65 Acre lots
- 3 tax parcels including Tax Map #s 5A-1B-43 & 44, & 5A-1-59 across the street
- Possible 2 building tracts
- Parcels 43 & 44 have 217' frontage on Shore Drive
- Parcel 59 is a corner lot with 330' on Shore Drive and 108' on Lancaster Creek Rd
- Total tax assessment $12,000
TRACT 5: 0.75 Acres
- 3 tax parcels including Tax Map #s 5A-1D-12 thru 14
- Corner lots with 317' frontage on Lancaster Creek Rd and over 120' on Shore Drive
- Neighbor's driveway does extend onto parcel 14.
- Total tax assessment for $9,000
DIRECTIONS
Richmond- I-64 E to exit 192 to US-360 E for 52 miles Turn RIGHT onto VA-3E. 14.5 mi Turn RIGHT onto VA-354S. 2.2mi Turn RIGHT onto State RTE 622, 1.2mi to RIGHT onto RT 742 go 1.5 miles and subdivision is ahead.
Fredericksburg- Take US-17 BUS S to US-17 S for 50mi. Continue on VA-3 14.5mi to RIGHT onto VA-354 S for 2.2mi, RIGHT onto RTE 622 for 1.2mi to RIGHT onto RT 742 for 1.1mi and becomes RT 1101.
Williamsburg- get on I-64 in York County from VA-132N and VA-143W. 15mi to Exit 227 to VA-30W. 2.7mi to RIGHT onto VA-273N. 5.3mi to RIGHT onto VA-30E/VA-33E for 12.8mi, LEFT onto US-17N for 2.3mi then slight right onto Gloucester Rd for .9mi, RIGHT onto VA-33E for 6.9mi to LEFT onto VA-3W for 23mi to LEFT onto ST RTE 622. 4.1mi to RIGHT onto RTE 742. 1.1mi to road goes Left and becomes RT. 1101. Subdivision ahead.
PREVIEW DATES
Agent will be on Tract 4 to provide information during the following times:
- Wed. November 6 from Noon-3pm
- Tue. November 19 from 3pm-5pm
- Drive by viewing OK anytime during daylight hours
TERMS SUMMARY
10% buyer's premium. 10% deposit due at auction. Closing on or about 30 days. All tracts sell to highest bidder(s). Click on "Terms" tab for full terms and conditions.
CONTACT
Mike Torrence
Torrence, Read, & Forehand Auctions
101 Annjo Ct, Forest, VA 24551
(434) 847-7741 Office
(434) 660-5159 Mobile
mike@trfauctions.com
or
Micah Torrence
(434) 610-3182
Residential Tracts in Lancaster Shores Subdivision
Auction Site: Lancaster Court House, Board Room, 8311 Mary Ball Rd, Lancaster, VA 22503
Terms: Property sells "AS-IS" without warranties of any kind. Potential Buyers must perform such independent investigations with respect to the Property as they deem necessary to verify information provided by Auction Company.
Warranty: All information provided by Auction Company is deemed reliable but is not warranted. The information provided by the Auction Company is subject to verification by all parties relying on it. No liability for its accuracy, error or omission is assumed by the Auction Company.
Title: Seller will convey title by Special Warranty Deed free and clear of all liens.
Registration: Bids will be accepted only from registered bidders. On-site registration begins at 11:30AM day of sale. See listing for auction location. You may also pre-register on our website or phone app. Deadline for phone and online bidding registration is 6PM EST on the day prior to the auction. A valid form of identification (i.e. driver's license) may be required to register onsite or online.
Online Bidding: Online bidding is available for your convenience. However, due to the technical nature of online bidding, bidder acknowledges that this service may or may not function correctly the day of the auction. Torrence, Read, & Forehand Auctions will not be responsible for missed bids from any source. Online bidders who desire to make certain their bid is acknowledged should use the prebidding function and leave their maximum bid 24 hours before the auction begins. Winning bidders will be notified by email and/or phone and receive instructions for signing the Contract of Purchase (must be returned within 24 hours) and submitting the Deposit (see below).
Announcements: Announcements made on day of sale take precedence over all prior communications, both verbal and written, concerning the sale of the Property.
Approval: High bid(s) subject to approval by Seller.
Buyer's Premium: A 10% buyer's premium will be added to the high bid to determine the final sales price.
Deposit: Deposit equal to 10% of final contract price (bid price plus buyer's premium) due day of sale by cash or good check. Online bidders may overnight deposit or wire transfer funds so it is received within 2 business days.
Closing: Balance of Purchase Price shall be due at closing on or about 30 days after the sale.
Agency: The auction company and its representatives represent the sellers.
