PROPERTY LOCATION
Elk Valley Rd
Forest, VA 24551
Bedford County
AUCTION LOCATION
Live auction held off-site at:
Ivy Hill Golf Club
1148 Ivy Hill Dr
Forest, VA
Online and phone bidding available.
DETAILS
Size: 87.55 acres
Parcel: Bedford County parcel 61-A-19
Location: Highly desirable, private location on Elk Valley Rd convenient to Forest shopping, dining, and schools
Frontage: 170' of frontage on Elk Valley Rd
Access: entrance road to cabin plus deeded right of way access at 3297 Elk Valley Rd
Improvements: small cabin great for hunting, camping, or weekend getaway; trails throughout; private gated entrance
Timber: mature hardwoods with timber cruise available showing an estimated 661 MBF of sawtimber (3306 tons) and 2689 tons of pulpwood
Water: spring and small stream through property
Topography: varies from level to steep with a great level area around the cabin and along the valley sloping up to the ridge of Rocky Mountain (1823 peak elevation)
AGENT ON SITE
- Sun, Jan.9 from 1-3pm
- Thu, Jan.13 from 12-2pm
-
Sun, Jan.16 from 1-3pmPOSTPONED - Wed, Jan.19 from 3-5pm
- Self-guided tours ok anytime
DIRECTIONS TO PROPERTY
- From Lynchburg, take US-221S to Forest. RIGHT on Perrowville Rd. 4.4mi to LEFT on Coffee Rd (Rt.644). 0.4mi to RIGHT on Elk Valley Rd (Rt.665). 2.7mi to property on right.
TERMS SUMMARY
- 10% deposit due day of sale by cash or good check. Closing on or about 30 days. 5% buyer's premium. Click on "Terms" tab for full terms and conditions.
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 General 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. 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: Property sells absolute to the highest bidder(s).
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.
