Auction Information
Land for Sale in Callaway VA!
Land for Sale in Callaway VA!
You have the opportunity to purchase some beautiful land for sale in Callaway VA! There are 2 offerings available which consist of a 22 acre tract and a 15 acre tract. This tract is known as Offering 1 and is 22.6 acres. Both tracts have cleared building sites, easy access with driveways in place and gorgeous views. Both tracts are a mixture of wooded and cleared land and are in a peaceful, private setting. There is an option to place in forestry land use. Scoop up one of these great properties, or both! Imagine building your dream home with views like these! You can kick back and enjoy the stunning sunrises and sunsets each day. These properties would also be great for recreational use! Very convenient to Floyd VA, Franklin County VA, Roanoke VA, Christiansburg & Blacksburg VA.
Tracts will be offered individually. If bidder wishes to purchase both tracts,...
Tracts will be offered individually. If bidder wishes to purchase both tracts, bidder will need to be the high/winning bidder for both Offerings.
Offering 1 This 22.6 acre tract is your chance to own a part of the Blue Ridge Mountains with your own unobstructed 180 degree view, in a peaceful and private setting. The view includes all of Franklin County, and mountain ranges of 7 other counties with distant views to the south all the way to North Carolina. The views are breathtakingly beautiful and only visible from the privacy of this tract. You can enjoy amazing sunrises every morning that comes up over Smith Mountain at Smith Mountain Lake, and watch every Full moon rise over the mountains. It has several cleared building sites, and also a wooded building site that still takes in all the views. It is eligible for reduced taxes based on Franklin County land use options for forestry land, as most of the land is wooded. It has easy access from Five Mile Mountain road, with a gentle to flat 50 deeded right-of-way to this ridge point lot, with driveway on property already in place. Written road maintenance agreement & restrictions in place to keep this development private and for residential use only. This property faces East and South which is perfect for solar power. Utility easements are in place along the right-of-way for regular utilities. The mountain range of Five Mile Mountain along with the other wooded tracts along this ridge protects this tract from winds that come from the Northwest. Even in the winter months this tract remains private. Originally perked for a 3 bedroom septic system. The very bottom southern property line is a small creek. It has recreational and hunting opportunities. Wildlife abounds. Close to Floyd, Roanoke, Rocky Mount, Callaway & Ferrum. This property with gorgeous views is only missing one thing, your dream home!
Offering 2 This 15.15 acre tract is your chance to own a part of the Blue Ridge Mountains with beautiful views of Cahas Mountain, Peaks of Otter, Smith Mountain and other mountain ranges, which includes 4 counties: Franklin, Roanoke, Bedford & Pittsylvania. It is located in Franklin County atop a lovely and private point ridge which is protected to the north and west by Five Mile Mountain. This property faces east and provides beautiful sunrises over Smith Mountain. There are several cleared building sites, along with a wooded building site. Lots of open land for orchards & gardens. Mostly wooded, this tract provides serenity and privacy. Views can be opened further, to your liking. There is a half mile maintained trail on this property for hiking/walking/4-wheelers. A small spring starts on this property leading to a small branch on the west property line. Easy access to Five Mile Mountain Rd. with a gentle to flat 50 deeded right-of-way, and private driveway entrance already in place with a gravel base. Written road maintenance agreement & restrictions in place to keep this development private and for residential use only. Utility easements are in place along the 50 right-of-way. Even in the winter months this tract remains private. Recreational & hunting opportunities with lots of wildlife. Close to Floyd, Roanoke, Rocky Mount, Callaway & Ferrum. Perfect for your mountain get-a-way home!
TBD Five Mile Mountain Rd Callaway VA 24067
Online Auction Ending Thursday August 18th at 4 PM
Online Bidding Online bidding is now active and runs through 4 PM on August 18th, 2022. SOFT CLOSE.
GENERAL TERMS & CONDITIONS: 10% Buyers Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $10,000 per offering required on day of sale (August 18th 2022). Close on or before October 3rd 2022. 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 both tracts, bidder will need to be the high/winning bidder on both offerings. Auction starts ending at 4 PM on August 18th 2022. 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.
PRE-AUCTION SALES: As an agent for the Seller, the Auctioneer must present any and all bona fide written offers to the Seller, which may be created outside of the online bidding platform. Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all of the auction terms and conditions and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required earnest deposit. Properly submitted offers will be presented to the Seller in a timely manner. Seller may accept or reject such offer at their sole and absolute discretion. When a pre-auction offer is submitted, all properly registered online bidders will be notified that an offer has been submitted and on which specific property, however the amount of the offer shall remain confidential. All pre-auction offers must allow a minimum of 24 hours for sellers acceptance. A Buyers Broker Fee of (2%) is offered on any pre-auction offers that are properly completed and submitted on the appropriate forms provided by the auction company.
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.
BUYERS PREMIUM TEN PERCENT (10%): Buyers Premium shall be added to the final bid price place online, which will determine the Total Contract Sales Price. Bidders hereby understand that the Buyers Premium shall 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).