Lone Ivy , Stuart, VA 24171(Patrick County)

This property would make a great barndominium! It features a 32 x 50 metal garage with 14 ceilings. Garage has 32 engineered trusses, 7 concrete pad with footers and insulated, top of the line 10x10 auto side mount motor Overhead Brand Doors. Has an insulated finished room plus attic space with room for heavy storage. Has outside electrical outlets and water spigots on each end of the building. 100 Well yields 25 gpm. Electric box has tons of room for growth. No septic system but building permit was for building with living space. Great central location being only 12 miles to Stuart, Fairystone Park and the scenic Blue Ridge Parkway! Just 17 miles to the town of Floyd VA.

Online Bidding Online bidding is now active and runs through 3 PM on February 10th, 2023. SOFT CLOSE.

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).

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 preauction sales. Preauction offers must meet all 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 preauction 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 preauction offers must allow a minimum of 24 hours for sellers acceptance. A Buyers Broker Fee of (2%) is offered on any preauction offers that are properly completed and submitted on the appropriate forms provided by the auction company.

Terms & Conditions 10% Buyers Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $10,000 required on day of sale (February 10, 2023). Close on or before March 27th, 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. Auction starts ending at 3 PM on February 10th, 2023. Please note that during the last three 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.