777 Black Ridge Road Southwest , Floyd, VA 24091(Floyd County)

Property is offered in 3 Tracts described below. Download Bidder Pack for Online Bidders Agreement, Maps, Deed Restrictions, Sample Contracts, and Property Information.

Offering # 1 Brick Home on 2.84 Acres

This one-story brick home has 1,609 square feet of living space on the main level, with a 1,335 square foot unfinished basement. Also has a detached double garage and two sheds for all your gardening and hobby farming needs. The house and garage roofs were replaced in 2017.

Built in 1940, this home is in good condition and features 3 bedrooms and 1 and a half baths. Home has a shingle roof, forced air gas heat, hardwood and vinyl floors, paved driveway, private well and septic. There is a solar panel on property that was working 4 years ago. Has not been used since, and maintenance required is unknown. Enjoy stunning pastoral views from the porches and patios while you relax in the peaceful countryside.

Offering # 2 38.23 Acres

This 38.23 acre tract is half open and half wooded. Features a small stream and 2 machine sheds. Has excellent views and good building spots. Accessed by 50 right of way from Black Ridge Road. This is an ideal recreational property, place to build your country home, or farm.

Offering # 3 39.12 Acres

This 39.12 acre tract is half open and half wooded. Has an old home place, hay shed, excellent views, and nice building spots. Accessed by 50 right of way from Black Ridge Road. Discontinued VA secondary route # 725 along southern border of Offering # 3. Location shown on survey in Bidder Pack. Information regarding discontinuance can be found in Supervisors record book 8 page 398. Great recreational property, site for your dream home or farm property.

DEED RESTRICTIONS Properties will be subject to deed restrictions. See Bidder Packet. Deed Restrictions are No Commercial Feed Lots, No Trailer Parks, No Junk Cars, No Shooting Ranges, No Manufacturing or Industrial uses. However, farming and livestock are permitted.

FINAL PLAT APPROVAL Plat has preliminary approval pending health department review of perk test for offering # 1 which is the 2.84-acre house lot. County requires a 100% drain field reserve for septic system.

50 RIGHT OF WAY ACCESS TO OFFERING # 2 AND # 3 Access to offering # 2 and # 3 is by 50 right of way off Black Ridge Road. There has not been a road built. Purchasers of those tracts will have responsibility to build road as desired. This can be completed in partnership or independently. Any road maintenance agreement if any shall be mutually entered into. For purposes of previewing offering # 2 and # 3, potential bidders may go through driveway onto offering # 2 and # 3.

ONLINE BIDDING Online bidding is now active and runs through 3 PM May 11th, 2023. SOFT CLOSE.

BIDDER PACK: Download Bidder Pack for complete information on each offering. 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 3 minutes of the auction, 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.

SIMULTANEOUS CLOSE OF LOT BIDDING: Bidders desiring more than one lot will need to be high bidder on all lots desired. Each offering will stay open until all bidding is complete and all offerings will close simultaneously.

BUYERS PREMIUM TEN PERCENT (10%): Buyers Premium shall be added to the final online bid, which will determine the Total Contract Sales Price. Bidders hereby acknowledge and understand that the Buyers 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% buyers premium = total purchase price of $110,000). Buyers Premium is not due until closing.

TERMS AND CONDITIONS: 10% Buyers Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $10,000 per tract required on day of sale (May 11th, 2023). Close on or before June 26th, 2023. Subject to seller confirmation. Property sold as is, where is with any and all faults. Buyer is expected to complete their own due diligence. Tracts are being offered individually and if bidder wishes to purchase multiple tracts, bidder will need to be the high/winning bidder on both offerings. Auction starts ending at 3 PM on May 11th, 2023. 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. Download Bidder Information Pack for complete terms and conditions, purchase contract and maps.