This property is located in western New Kent approximately 4 miles from the I-64 interchange at Quinton. Features a well-built 1753 s. f. ranch style home with open pasture, paved driveway and outbuildings. The home has 4 bedrooms and 2 baths, with a newly remodeled master bath featuring a tiled walk-in shower that is also handicap accessible. The large living room with fireplace is adjacent to a generous sized screen porch, and the open style eat in kitchen has an adjacent dining room. Downstairs is a full basement, with den, 1 car garage, workshop and unfinished space for an additional bedroom and bath. On the outside, this property boasts a large rear deck, paved driveway, carport, outbuildings, and a ready to fence 2+ acre pasture or large garden plot.
The home features a newly replaced roof, and all appliances including refrigerator and like-new washer and dryer convey with the sale.
A professional home inspection was conducted on May 11th and the report is available in the "documents" tab here in the listing. A survey was completed on the property the week of May 15th, and the acreage has been updated to 14.1 acres. The new plat will be available soon for your review.
This home and acreage is being sold by the family to settle the family estate and will be an excellent buying opportunity. It will be sold onsite on Saturday, June 3, 2023 at 10AM SHARP. The suggested opening bid is only $150,000!
Home tours will be held on Friday May 19th from 4-7, Saturday, May 20th from 9-12. Please call after these dates for a private showing. This is the first of 3 western New Kent properties we will be offering on Saturday, June 3rd. A $20,000 certified check from your bank made out to yourself is required to bid, and will entitle you bid on all 3 properties.
For more information, or to schedule a private tour, please call Dubby Isgett at 804-338-3458 or Wimpy Isgett at 804-357-2000.
Terms of sale: $20,000 down in certified funds on day of auction, closing within 60 days. 10% buyers premium applies. Property sold in as-is condition. See full terms and conditions of sale and broker participation information by clicking the "documents" tab in this listing.
Isgett Auction Marketing
Winfred O. Isgett, Jr. Virginia A. L. No. 2426
Terms and Conditions of Real Estate Auction
7400 Old Roxbury Road, Quinton VA
Isgett Auction Marketing 804-338-3458
2878 Quaker Road Quinton, VA
Announcements Any announcements made on the day of the auction take precedence over all previous announcements, including information printed in any electronic format, whether oral or written.
As-Is Condition All property is sold in “as-is, where-is” condition. There are no warranties or guarantees of any kind as to the condition, functionality or lawful uses of the asset(s) being sold. It is the responsibility of any potential bidder to do their own due diligence on all assets they intend to bid on. Any measurements furnished by the auctioneer such as lot size, acreage and square footage are for information only and should be verified by the potential bidder prior to bidding. Sale of property is not contingent on financing, inspections or any other contingencies of sale. On residences built before 1978, the purchaser waives the right for a 10 calendar-day opportunity to conduct a risk assessment for the presence of lead-based paint hazards.
Financing Sale of property is not contingent on financing. Prospective bidders are encouraged to make their own arrangements for financing if required prior to bidding on the property. Financing needs must be secured and in place by the prospective bidder so that closing takes place within the required 30 days after the auction. Contact the auctioneer for information if needed on mortgage lenders familiar with the purchase of real estate at auction.
Buyer’s Premium A 10% buyer’s premium will be added to the purchase price (high bid) and will become a part of the contract price. As an example, if the high bid is $100,000 on a property, a buyer’s premium of $10,000 will be added for a total contract price to be paid by the buyer of $110,000.
Conducting of Auction The auction will be conducted by the auctioneer in the matter deemed best for the interest of the seller. Bidding is open to the public without regard to race, religion, sex or national origin. Bidders must register with the auctioneer prior to the auction. The auctioneer reserves the right to reject any bid that is not in proportion to the value of the asset being sold. The auctioneer retains the right to protect the seller’s reserve by bidding on behalf of the seller. If any dispute arises between bidders, the auctioneer shall use his sole discretion to settle the dispute, determine the high bidder or re-offer the asset. The auctioneer’s recording of the auction shall be deemed final in determination of the high bidder and contract price. The auction is subject to approval by the seller or court. Attendees of the auction agree to hold the auctioneer and seller harmless for any injury or loss sustained while inspecting the property or attending the auction.
Deposit After Auction The successful bidder, immediately upon the conclusion of the auction, shall present to the auctioneer a non-refundable deposit of $20,000 to be applied to the purchase price. The funds shall be in the form of a cashier’s check made out to yourself and endorsed, a check accompanied by a bank letter of guarantee, or if other arrangements have been made with auctioneer.
Closing The successful bidder will at the conclusion of the auction sign all forms related to the contract to purchase the property. The purchaser will make an appointment with a real estate closing agent promptly so that closing will take place within 30-60 days from the date of the auction. Time is of the essence with regard to closing. At the time of closing the purchaser will receive a deed to the property in exchange for full payment including all closing costs. The seller shall be responsible for the execution and cost of preparing the deed. The purchaser shall be responsible for all other closing costs, including surveys, title insurance charges, wire transfer fees, customary expenses (over)
and recordation taxes, including the Grantor’s tax. Real estate taxes, rents and water and sewer expenses will be pro-rated at the date of closing.
Real Estate Brokers and Agents Isgett Auction Marketing will pay 10% of the auctioneer’s commission at closing to a licensed real estate broker representing the winning bidder who successfully closes on the real estate offered. To qualify for the broker commission, the broker must do the following: 1. Register the prospective bidder using the form supplied by the auctioneer no later than 48 hours prior to the time of the auction. 2. Attend the auction and assist their client in purchasing the real estate. The registration form can be obtained from the auctioneer and must be filled out completely, signed by the broker and the prospective buyer. If the prospect is a client of an agent of the broker, the agent must also attend the auction. The commission paid to the broker is 10% of the 10% buyer’s premium, or 10% of any negotiated commission. Special note: No commission will be paid to a broker on any sale in which the buyer is affiliated with the broker’s firm, is involved with any business entity with the broker, is an immediate family member of the broker or agent, or if the prospect has previously been in communication with the auctioneer in regards to the property.
Remedies for Default in Purchase If any of the applicable terms and conditions contained within this document are not complied with by the buyer, the auctioneer may, in addition to any and all remedies available by law, hold the defaulting purchaser liable for the full amount of the auction contract. The auctioneer may also, at his discretion, cancel the sale and retain any deposits toward the purchase as liquidated damages. The auctioneer further retains the right to re-sell the property upon 10 days notice to the defaulting purchaser.
Acceptance of Terms and Conditions Prospective bidders by registering for the auction acknowledge that they have read and accepted these terms and agree to be bound by them as set forth in this document. These terms and conditions as well as the completed purchase agreement may not be modified in any manner after the date of auction unless agreed to in writing by the sellers and auctioneer.
