Sold for $950,000

Online Auction - 570 Acres of Scenic Recreational & Timber Land

Acres: 570

Description

Online Auction – Ending August 24, 2016  at 2:00pm EST

Please note that the Title Insurance Commitment has been updated with an effective date of August 22, 2016 at 5:00pm.  A copy of the title commitment is available in the Property Information Package.  This title commitment will be the commitment issued by the title company at closing. 

 
After three generations of family ownership, this one-of-a-kind property includes 570 acres of rolling topography, late stage hardwood growth,  several acres of loblolly pine stands and nearly a mile of frontage along the Tye River.  This property is an ideal hunting and recreational property, boosting some of the best hunting in the region, including deer, turkey,  and much more.  Enjoy the serenity of being surrounded by the dense tree cover, ideal for hunting, while also benefiting from the fishing in the rapids of the Tye River or staying the night in the rustic cabin shelter.   The property has 10 plus acres of hayfield, ideal to build a residence or weekend retreat.  The owners have recently strategically cut the roads through the property so there is easy access to key parts of the property, including various access points along the Tye River.  Less than an hour from Charlottesville, two hours from Richmond and three hours from the Washington, DC area, this property gives you the ability to have your recreational escape so you can reconnect with nature, all within reasonable driving distance.  This property also benefits from it’s Land Use Status, resulting in low real estate taxes.  

The 2015 Tax Bill is $924.48.  The Land Value Tax Assessment is $1,446,700. 
2015 Tax Assessment:  $1,446,700
2015-2016 Real Estate Taxes:  $924.48

IMPORTANT UPDATE - The winning bidder of the 570.66 acre parcel will have the option to purchase Tax Parcel 92-A-14a, the 3.708 acre parcel that is within the subject property for a set price of $46,000.  The purchase will be a separate contract and a separate closing.  The closing on 92-A-14a must occur immediately after the winning bidder closes on 92-A-14.  ONLY the winning bidder of the 570.66 acre parcel will have the option to buy 92-A-14a.  It will not be available for purchase otherwise.  
 
Directions:  From Rt 29, turn East on Tye River Road until you reach Greenfield Drive (Rt. 721).  Turn on Greenfield Drive and drive 3.4 miles until you reach the property entrance on the your left side.  Go down the dirt road until you get to the red gate.  That is the entrance to the property.  

Details

  • Status: Sold
  • Sold Date: 08/24/16
  • Agent: Stephen Karbelk
  • Property Type: House

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