Auction Note
Both land tracts were sold at auction. The log home had to be pulled prior to auction because of an unresolved deed issue.
Auction Location
788 Archery Ln
Red Oak, VA 23964
Details
Selling for the U.S. Bankruptcy Court, 3 properties in Charlotte County as described below:
Log Home on 1.87 Acres
Address: 526 Public Fork Rd, Randolph, VA 23962
- Tax Map 84-5-1-A
- 1,600 sq.ft., 2 bedroom, 2.5 bath log home built in 1983
- Warm and inviting living room features stone fireplace, vaulted ceilings, and exposed beams
- Spacious kitchen offers plenty of storage in custom pine cabinets with Corian counter tops
- Convenient main level bedroom
- Upstairs features a family room, 2nd bedroom, and full bath
- Full, unfinished walkout basement with half bath
- Heat pump
- Tin roof approximately 10 years old
- 200 amp electric
- Front porch, rear deck, and side patio provide great outdoor living space
- Shed and storage building provide outdoor storage
- Deeded right-of-way (unspecified width) approximately 400 feet along existing road to Rt.608 (Public Fork Rd)
- Tax assessed at $155,712. Appraised in Jan.2019 for $175,000
Directions To 526 Public Fork Rd
From South Boston, take US-360E 17mi to RIGHT on VA-92E. Half mile to LEFT on Public Fork Rd. Half mile to driveway on left.
Preview
- Sunday, Aug.30 from 1-3PM
- Wednesday, Sept.9 from 4-6PM
- Sunday, Sept.13 from 1-3PM
- Property is occupied. NO trespassing or drive up viewings please.
40 Acre Farm Tract off Tobacco Hill Rd
Address: 788 Archery Ln, Red Oak, VA 23964
- Tax Map 89-A-22 and 89-A-21A
- Majority in planted fields - currently corn and soybean (crops reserved)
- 3 ponds (+/-1.6 acre pond near farm buildings, +/-1.6 acre pond near mobile home, and +/-0.8 acre pond in the middle)
- 2 wells
- 1987 mobile home on property - needs work
- Several farm buildings including hunting cabin, shop with multiple equipment bays, 20x28 pole barn, and 20x54 pole barn
- Water and electric available
- Deeded 18' wide right-of-way along Archery Ln to Rt.608 (Tobacco Hill Rd)
- Tax assessed at a total of $72,600. Appraised in Jan.2019 for $90,000
Directions To 788 Archery Ln
From South Boston, take US-360E 17mi to RIGHT on VA-92E. 1mi to RIGHT on Tobacco Hill Rd. 1mi to RIGHT on Archery Ln. Continue to property.
Preview - agent will be at 526 Public Fork Rd
- Sunday, Aug.30 from 1-3PM
- Wednesday, Sept.9 from 4-6PM
- Sunday, Sept.13 from 1-3PM
- Hunt club has dogs on the property. Please be responsible around dogs and crops.
51 Acre Farm Tract off Horse Horn Rd
Address: adjacent to 704 Horse Horn Rd, Red Oak, VA 23964
- Tax Map 89-A-25
- Majority in planted fields - currently soybean (crops reserved)
- 30' wide right-of-way along existing road to Rt.633 (Horse Horn Rd)
- Tax assessed at $62,000. Appraised in Jan.2019 for $84,150
- NOTE: The GIS, which is notoriously inaccurate, shows the boundary of map # 89-A-25 at approx. 21 acres. The owner states that the adjoining tract shown on the GIS is part of his property. Our research has not been able to uncover a metes and bounds description or plat to determine the boundary of the property but the deed, tax records, title work, and appraisal all list property as 51 acres.
UPDATE: We have located a plat showing the acquisition of the government land. Using the information on this plat, the lines as we presented them on the aerial are very close and the acreage is estimated to be around 43 acres.
Directions To 51 Acres
From South Boston, take US-360E 17mi to RIGHT on VA-92E. 1mi to RIGHT on Tobacco Hill Rd. 2mi to RIGHT on Horse Horn Rd. Half mile to RIGHT on driveway (at 704 Horse Horn Rd) and continue to property.
Preview - agent will be at 526 Public Fork Rd
- Sunday, Aug.30 from 1-3PM
- Wednesday, Sept.9 from 4-6PM
- Sunday, Sept.13 from 1-3PM
- Please be careful around crops.
Term Summary
10% deposit due day of sale by cash or good check. Balance due on or about 30 days. 5% buyer's premium. Click on the Terms tab to view the complete Terms and Conditions for this auction.
Terms: Property sells "AS-IS, WHERE-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 11:30 AM day of sale. 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 court approval.
Buyer's Premium: A 5% 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.
