BANKRUPTCY COURT ORDERED:
Trustee Foreclosure
ABSOLUTE AUCTION
The Townhouse
519 West Frederick Street
Staunton, Virginia
Auction: Wednesday, August 18th at 12:00 noon on site at The Garden Room at the Belle Grae Inn
Previews: August 4th and August 11th
10:00 a.m. to 2:00 p.m. or weekends by appointment
Building Size: 2,726 sf
Lot Size: .177 acres
Tax Assessed Value: $237,170.00
2-Story Brick Quadplex
Unit 1: 1 Bedroom, 1 Bath
Unit 2: 1 Bedroom, HotTub, 1 Bath, Parlor/Sitting Room
Unit 3: 1 Bedroom, 1 Bath
Unit 4: 2 Bedroom, 1 Bath, WetBar
Townhouse, 519 W. Frederick St.--Presently configured with two large bedrooms with private bath and fireplace and one suite with two bedrooms (each with fireplace) and bath and a seconded suite with bedroom and fireplace, bath and great room with wet bar kitchen which can easily be adapted to a full kitchen and dining area. Front porch, garden courtyard and 2nd floor deck. With minimal effort and expense, townhouse with be an awesome single family dwelling. Central air and heat, off street parking.
Basic Terms and Conditions:
1. REGISTRATION: Bids accepted only from registered bidders. Bring driver’s license for identification. A Cashier’s Check in the amount of 10% of the bid is required to obtain a bid number.
2. DEPOSIT: The successful bidders will sign a Foreclosure Sale Agreement immediately following the falling of the hammer, and the Cashier’s Check in the amount of 10% of each of the bid prices will be held by the Substitute Trustee and will be applied to the purchase price at closing. Deposits are non-refundable.
3. CLOSING: Closings are to take place within 30 days of sale - Time will be of the Essence.
4. DEED: Properties to be conveyed by Special Warranty Deed. Property being sold by Substitute Trustee, pursuant to terms of Deed of Trust.
5. TYPE OF SALE: All Properties sold by Substitute Trustee are sold ABSOLUTE - Regardless of the Price.
6. “AS-IS”, “WHERE-IS”: All properties, will be sold “AS-IS”, “WHERE-IS”. Potential Buyers must perform such independent investigations with respect to property as they deem necessary to verify information provided by Auction Company or Substitute Trustee.
7. ANNOUNCEMENTS: Announcements made on the day of sale take precedence over all prior releases, both verbal and written, concerning this sale or properties.
8. WARRANTY: All information provided by Auction Company and Substitute Trustee is deemed reliable but is not warranted. The information contained in this brochure and any advertisements by Auction Company or Substitute Trustee are subject to verification by all parties relying on it. No liability for its accuracy, error or omission is assumed by the Auction Company and Substitute Trustee.
9. REPRESENTATION: Auction Company and its representatives represent the Seller.
10. BUYER’S PREMIUM: There will be a 5% Buyer’s Premium in effect on day of sale. The Buyer’s Premium is added to the high bid amount, to determine the Contract Sales Price.
11. BID INCREMENTS: Auctioneer reserves the right to set bid increments.
12. GROUPING: The Auction Company reserves the right to group properties.
13. BROKER PARTICIPATION: There will be a 3% Broker Participation paid to a Broker/Agent meeting the Auction Company’s Guidelines for Broker Participation. Call Auction Company for the Guidelines or print the form from our website.
