PROPERTY LOCATION
240 Lynbrook Road
Rustburg, Virginia 24588
AUCTION LOCATION
On Site
Online and phone bidding also available.
DETAILS
- Nice, spacious 8.36 acre lot conveniently located off Wards Rd (US-29) between Rustburg and Lynchburg
- 1,652 sq.ft single story home (3 bedrooms, 2 baths) built in 1950
- Home features large family room, living room with fireplace, huge deck, main level laundry, vinyl replacement windows, aluminum siding
- Electric: 200 amp panel (AEP)
- Heat: Ducane heat pump
- Water: Campbell County
- Private septic on site
- 20' wide x 24' deep 2-bay equipment shed
- 8' x 8' storage shed
- 8' x 12' garden shed
- Gravel drive with large, paved parking area
- Home is privately set off the road buffered by mature forest
- Ideal for home or rental property
- Just 4mi from Lynchburg Regional Airport and 5.5.mi from Liberty University
- Campbell County Tax Map 32-A-133
- Tax Assessed at $116,400
- Sells ABSOLUTE to the highest bidder
DIRECTIONS TO PROPERTY
- From Lynchburg, take Wards Rd (US-29 South) towards Danville 4mi to RIGHT on Lynbrook Rd (near Hyland Heights Baptist Church). 1/4mi to gravel driveway on LEFT (just after Spark Ln). Continue along drive to home.
AGENT ON SITE
- Sunday, Oct.16 from 1pm-3pm
- Thurs, Oct.20 from noon-2pm
- Wed, Oct.26 from 4pm-6pm
- Or by appointment. Call 434-847-7741
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: Sells absolute to highest bidder.
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.
