Absolute, Online Land Auction in Kanawha County
278 +/- Acres of Beautiful Hunting
And Recreational Land
Offered in Two Tracts and in the Entirety
8 Rollins Lane, Charleston, WV 25387
REAL ESTATE SHOWINGS
Mon., Oct. 9th, 4-6 PM ET & Tues., Oct. 10th, 10-NOON ET
Showings at other times can be arranged by calling the auction company at 812-474-6100.
SHOWING HEADQUARTERS WILL BE ON ROLLINS LN AT THE ENTRY TO TRACT 1.
PLACE BIDS ONLINE
Wed., Oct. 11th - Oct. 19th at 6 PM ET
(subject to a 3-minute auto-extend)
PROPERTY DIRECTIONS
The property is located on the north side of Charleston. Take 7th Ave (Hwy 25) and go north on one of the connectors to Washington St. and proceed to Rollins Lane, go north to access Tract 1. To access Tract 2 take 7th Ave to Woodward Dr (HW22) and go north to Headley Dr. and go west to the property.
REAL ESTATE DETAILS
The real estate consists of 278+/- acres of beautiful, wooded land plus a residential lot with an abandoned vandalized home, joining the city of Charleston. The property is ideally located adjacent to the city of Charleston, W.V. If you work in Charleston, you can leave the office and be in your deer blind in half an hour!! A unique feature of the property is the network of roads and trails created when the electric transmission lines were erected. Some of these roads are constructed with rock, so the property is accessible year-round. Utilities are adjacent to Tract 1 making the construction of a home or cabin a possibility. The property will be offered in 2 tracts and as an entirety. Tract 1 consists of 115.7 acres and is accessible from Rollins Lane off W. Washington St. The residential property will be offered with Tract 1. Tract 2 contains 162.2 acres and fronts Headley Dr. off Woodward Dr. This property is a wonderful recreational property in a tremendous location adjacent to Charleston. A copy of the Purchase Agreement is in the Documents section above. Please read the purchase agreement before bidding!
AUCTION PROCESS
Bids can be placed on the tracts individually and in combination.
The real estate will be sold in the manner that generates the highest total sales price.
This online-only auction is subject to a 3-minute auto-extend closing.
ABBREVIATED TERMS
SEE TERMS TAB ABOVE FOR COMPLETE TERMS.
The real estate will sell at ABSOLUTE AUCTION, to the high bidder regardless of price. A 10% Buyers Premium will be added to the high bid amount to establish the contract purchase price. An earnest money deposit totaling 5% of the contract purchase price is due within 24 hours of auction completion with the balance due within 60 days. The real estate taxes will be pro-rated to the date of final closing. Possession will be given at final closing. Oil, gas, coal, and other minerals, if any, owned by the Seller will be conveyed with the surface estate. The said oil, gas, coal, and other minerals will be conveyed without warranty of title. There is an active mineral lease that is currently generating income from an active gas well. The royalties from that well will be conveyed to the purchaser(s) and pro-rated on a total acre purchased basis. The auction is subject to a 3 minute auto-extend closing.
CLOSING EXPENSES
The seller will pay for the title search and opinion letter of the surface estate and the transfer tax stamps. The purchaser will pay for the recording fees for all documents and for the title insurance policy of the surface estate, if so desired.
SELLER: The Estate of James Powell.