134 Wellspring Rd Real Estate and Personal Property Auction
This is a unique opportunity to acquire an investment property and all personal property contents for one money. This auction does require seller confirmation/approval of the final bid. Manual approval for this auction is required. After completing online registration, call Phillip Via (Auctioneer) at (540) 312-8569 to review the terms and receive final approval.
Real Estate Details:
+ 134 Wellspring Road Moneta, VA 24121
+ 1.67 +/- Acres (Zoned RC-1) Allows for Manufactured Housing
+ Located just under 2 Miles from Smith Mountain Lake in the sought-after Westlake Area
+ Private well & septic system
+ 1987 Zimmer 2 Bedroom / 2 Bath Manufactured Home w/ Title
+ Metal Carport
+ Numerous Outbuildings
+ We guarantee a clear title to the property
+ 2025 Tax Assessment $38,900 (This doesn't include the mobile home, it is taxed as personal property)
Personal Property Details:
+ 2003 Ford F-150 - 1-Owner Truck - Currently mileage unknown (odometer doesn't work) - The truck started and ran/drove as it should when tested - Clear Title
+ 2007 Carry-On 6x12 Enclosed Trailer - Clear Title
+ 2000 Dutchmen Travel Trailer / Camper - Clear Title
+ 1999 18' Bayliner Boat w/ 135HP Inboard/Outboard - Running Condition Unknown - Clear Title
+ 1999 Escort Boat Trailer - Clear Title
+ 1987 Playcraft Pontoon Boat w/ 90 HP Mercury Outboard Motor - Running Condition Unknown - Clear Title
+ 2003 Venture Boat Trailer - Clear Title
+ Household goods range from furniture items to power tools and collectibles. Air compressor, tiller, lawn mowers, small collectibles, building supplies, hardware, appliances and a lot more.
Preview/Inspection Dates: Sunday, March 8th at 2PM SHARP & Tuesday, March 17th from 2PM until 5PM - These are the ONLY times the public are allowed on the property. No trespassing on the property without the auction company present. Neighbors are monitoring the property and we have 4G trail cameras installed.
There is a 15% buyer premium that will be added to the purchase price. Example: If the property sells for $100,000 the total purchase price will be $115,000.
Full payment is required via cashiers check or bank wire on Wednesday, March 18th by 5PM.
Please call Phillip Via (Auctioneer) with any questions - (540) 312-8569
Auction Bidders Agreement
Buyer agrees to immediately enter into the Real Estate Auction Purchase Contract (winning bidder) by the auctioneer for the real property located at: 134 Wellspring Road Moneta, VA 24121 (Parcel ID 0300301600)
AUCTION LOCATION – Online at LuckyDogAuction.com
AUCTION DATE – Tuesday, March 17th at 7PM (EST). Each bid received within the last 2 minutes of the auction ending will initiate an automatic extension of bidding for an additional 2 minutes, allowing for additional bids until the close of auction. See Paragraph 16 that addresses the “SOFT CLOSE”.
AUCTIONEER – Phillip Via (Auctioneer) License # 2907004428 of Lucky Dog Auction & Realty, INC located at 770 Cornell Road Rocky Mount, VA 24151 (540-312-8569) has contracted with “Seller” to offer to sell at public auction certain real property and personal property.
Online Bidding Open NOW – Online Bidding Begins to close on Tuesday, March 17th at 7PM (EST). Bidder agrees that they have read and fully understand the Online Auction Bidders Agreement and the Terms and Conditions of this auction.
It is solely the bidders’ responsibility to contact the auction company at (540) 312-8569 with any questions regarding the auction, purchase agreement, or terms & conditions, prior to placing any bids in said auction.
Online Auction Terms & Conditions:
1) Seller Confirmation Auction: The property is being offered in an online auction and sale is subject to seller confirmation.
2) Bidding Registration: Online bidder hereby agrees that they must be properly registered for the online auction. If you need assistance with registration, contact Janice Via at (540) 493-1554 or Phillip Via (540) 312-8569 or by email at Phillip@LuckyDogAuction.com. Seller(s) or Auctioneer may at their sole discretion request additional registration requirements from any bidder unknown to them or the auction company.
3) Bidding Opens/Closes: The Online Only Auction bidding shall be opened and begin closing on the dates and times stated above, subject to the soft close feature as outlined below in (#16).
4) Property Preview Dates: Sunday, March 8th at 2PM & Tuesday, March 17th from 2PM until 5PM. It is highly recommended that all bidders personally inspect the property prior to placing any bids in the auction. Property inspections are the sole responsibility of the bidders. The property may be inspected by scheduling an appointment with Lucky Dog Auction & Realty (540) 312-8569.
5) Cash Offer/ Financing Contingency: By participating in this auction, bidders hereby agree that their bid shall NOT be subject to the bidder’s ability to obtain financing. By placing a bid in this auction, bidders are making a “cash offer” to purchase the property. Financing is NOT a contingency in the purchase agreement. There will be no Buyer conditions or contingencies to the sale of the Real Property, except that Seller must deliver good and marketable title.
6) Buyer’s Premium: A fifteen percent (15%) Buyer’s Premium shall be added to the winning bid price 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 + 15% buyer’s premium = total purchase price of $115,000).
7) Purchase Contract: Winning bidder hereby agrees to enter into the Real Estate Auction Purchase Contract which has been approved by the Seller, immediately upon being declared the Successful Bidder by the Auctioneer. Upon the close of the auction the winning bidder will complete an Auction Real Estate Sales Contract to purchase the property. A signed copy of the Auction Real Estate Sales Contract must be received by Lucky Dog Auction and Realty no later than 24 hours from the time said Purchase Contract was sent to the winning bidder. The Auction Real Estate Sales Contract may be e-signed, hand delivered, or scanned and emailed. A sample purchase contract is available for review online prior to placing any bids in the auction.
8) Earnest Money Deposit: The full purchase price plus buyer premium is due on Wednesday, March 18th by 5PM via cashiers check or bank wire . See closing agents contact information below.
9) Upon completion of the auction the purchase contract will be presented to the seller for approval.
10) Easements: The sale of the property is subject to any and all easements of record.
11) Survey: No survey is required to transfer title to the property and the Seller(s) shall not provide any additional survey. If the Buyer desires a survey, it shall be at the Buyer’s sole expense and shall not be a contingency or requirement in the purchase contract.
12) Possession: Possession of the property will be given upon payment in full of the purchase price and transfer and recording of title, at closing.
13) Deed: Seller shall execute a general warranty deed conveying the property to the buyer(s).
14) Taxes: Seller shall pay any previous year’s taxes (if due), and the current year’s real estate taxes shall be prorated to the date of closing.
15) Online Auction Technology (Disclaimer): Under no circumstances shall Bidder have any kind of claim against Lucky Dog Auction & Realty, INC if the Internet service fails to work correctly before or during the auction. Online bidding is subject to technology faults and issues which are outside the control of the auction company. Bidder(s) are encouraged to use the “Maximum Bid” feature on the bidding platform and lock in their maximum bid amount if they are concerned about technology failure during the auction or attend the auction in person if possible. The SELLER and/or Auction Company reserves the right to (pause) the online auction bidding in the event of any internal or external technology failure, to preserve the integrity of the auction event and maintain a fair and impartial bidding environment.
16) Soft Close: If a bid is received within the last 2 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. Bidding will remain open until no bids have been placed within the last 2 minutes.
17) Disclaimer: All information provided is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All information to be verified by Buyers and or Buyer’s Agents. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. Information is subject to change without notice. There are no warranties either expressed or implied pertaining to this property. Real estate is being sold "As-Is, Where-Is" with NO warranties expressed or implied. Please make all inspections and have financing arranged prior to the end of bidding. By participating in this auction, Buyers hereby acknowledge that any bid(s) placed by them is a binding agreement to purchase the property, subject to the bid being approved by Seller.
18) Buyer’s Broker Fee: Buyer's agent must contact the Auction company, submit a Broker Participation Form signed by the buyer by 5PM Friday, March 13th. If these steps have not been completed, no broker participation fee will be paid. Broker/Agent compensation will be $500 flat fee.
19) Recording Fees: Buyer will pay the fees for recording the deed for the Real Property.
20) Settlement Fees and Expenses. Buyer will pay any and all settlement fees and expenses, including, without being limited to, title searches, title insurance charges, and survey costs.
21) Apportionment. Taxes and all other periodic realty costs, if any, will be apportioned pro rata as of the date of the Realty Closing. Seller will pay for all days up to and including the date of the Realty Closing, and Purchaser will pay for all days following the date of the Realty Closing.
22) Zoning; Land Use. It will be the responsibility of each Bidder to make such inquiries and investigations as may be necessary to confirm the applicable zoning and land use restrictions affecting the Real Property. The purchase of the Real Property will not be contingent in any way on zoning or land use restrictions, or on whether the Buyer may put the Real Property to any desired use. Notwithstanding the foregoing, any representations or statements made by or on behalf of Seller with respect to applicable zoning and land use restrictions are true and correct to the best of Seller’s knowledge and belief.
23) The real property and personal property are being sold together, we will issue a Bill of Sale for each titled item showing a sales price of $500 each.
