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Rocky Mount VA, 24151

Mountain Retreat for Sale in Rocky Mount VA

Auction on 10/28/2022 @ 3:00 PM EST
Auction Type: online


Mountain Retreat for Sale in Rocky Mount VA

You have the opportunity to purchase a great recreational retreat in the mountains of Franklin County, Virginia. This property showcases 20.8 acres of mostly wooded land with a small stream. Property also features an older farmhouse currently lived in but in need of repair. This would be a great potential homesite, recreational retreat, weekend getaway, etc. You could use the property for hunting, camping, ATV riding and more.

Online Auction Ending Friday October 28th @ 3 PM
442 Toms Knob Rd., Rocky Mount, VA 24151

Online Bidding – Online bidding is now active and runs through 3 PM on October 28th, 2022. SOFT CLOSE.

Directions – From Rocky Mount VA – Take Rt 220 to Route 619 (Sontag Rd), turn right onto Route 854 (Toms Knob Rd) – Property on Right at 442 Toms Knob Rd. See Sign.

Contact – Broker & Auctioneer Matt Gallimore at 540‐239‐2585 or email; or Contact Levi Cox Realtor at 540-230-7162 

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.

BUYER’S PREMIUM – TEN PERCENT (10%): Buyer’s Premium shall be added to the final bid price place online, which will determine the Total Contract Sales Price. Bidders hereby understand that the Buyer’s 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% buyer’s 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 pre‐auction sales. Pre‐auction 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 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 seller’s acceptance. A Buyer’s 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.

Terms & Conditions – 10% Buyer’s Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $10,000 required on day of sale (October 28th 2022). Close on or before December 12th, 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. Auction starts ending at 3 PM on October 28th 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. Download Bidder Information Pack for complete terms and conditions, purchase contract and maps.