Courthouse Road
Palmyra, VA 22963

Acres: 145

Description

Auction: Tuesday, June 20, 2017 at 9:30am - One-third fee simple undivided real estate interest in approximately 145 acres in Fluvanna County, VA known as Parcels 31A63A and 31A63.  This gently rolling land has extensive road frontage along Courthouse Road and Carysbrook Road.  This mostly wooded property consists of a mixture of hardwood and pine trees. Subject to the approval of the US Bankruptcy Court, the Trustee is selling this valuable one-third fee simple undivided real estate interest subject to a pending $50,000 offer.  Both parcels are zoned A-1 and currently in “Land Use”.  Please refer to the TRUSTEE’S NOTICE OF INTENTION TO SELL PROPERTY, NOTICE OF HEARING, AND NOTICE OF OPPORTUNITY TO OBJECT for details concerning the pending offer and how to submit a higher and better bid.  

LEGAL DESCRIPTION OF PROPERTY FOR SALE: That real estate located in Fluvanna County, Virginia, containing 141.409 +/- acres, which is described as Parcel "A" and Parcel "B" on a certain plat made by Joseph J. Carmine, III, C.L.S. on November 26, 1982 and entitled "Map of 2 Parcels of Land Surveyed for R.E. Holland in Columbia Dist. Fluvanna Co. Va." which plat was recorded in the Clerk's Office of the Circuit Court of said County on December 20, 1982 in Plat Book 1 at page 23, which plat is incorporated herein by reference. Tax Map Parcels 31A63A and 31A63.

INTEREST BEING SOLD: Debtor's one-third fee simple undivided real estate interest in the Property, which is currently owned of record by Russell E. Holland, Trustee for the benefit of Deborah Challen Holland under Trust Agreement between Myrtle M. Holland and Russel E. Holland dated December 31, 1986 ("the Trust"). As a vested beneficiary over forty years of age, under the terms of the Trust the Debtor has the right to sell her interest in the Property as a fee simple undivided real estate interest. The Property is being sold in gross based on the legal description only. If the Property is determined to be smaller or larger than represented in the legal description, there will not be any adjustment to sales price.

PRIVATE SALE PRICE AND OTHER TERMS: $50,000. Other terms: special warranty deed but otherwise interest is conveyed as-is where-is; buyer responsible for all closing costs except preparation of special warranty deed and grantor tax; seller responsible for cost of

preparation of special warranty deed and for grantor tax; conveyance subject to applicable provisions of the Trust and any other agreements, conditions, restrictions and easements which are of record and may affect the Property; real estate taxes will not be prorated.

You may inspect this property at your own risk and expense.  

Please refer to the TRUSTEE’S NOTICE OF INTENTION TO SELL PROPERTY, NOTICE OF HEARING, AND NOTICE OF OPPORTUNITY TO OBJECT for details concerning the pending offer and how to submit a higher and better bid. 

Date and Time of Auction:   Tuesday, June 20, 2017 at 9:30amAuction Location:  US Bankruptcy Court, 200 S. Washington Street, Courtroom III, Alexandria, VA

Tax Assessment:  $288,600

Taxes – 31 A 63:   $ 545.11 per year

Taxes – 31 A 63A:  $44.44 per year

Details

  • Status: Sold
  • Sold Date: 06/20/17
  • Agent: Stephanie Young
  • Property Type: Land

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