Real Estate & Personal Property of Michael Clay

636 Lakeside Road Penhook VA.  Parcel # 1563-21-6066.  1.339 acres
  •   Dec 23 @ 3:55PM EST (Start)
  •   Jan 19 @ 6:00PM EST (End)
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This is a 3 bedroom 2 bath home situated on 1.339 acres located at 636 Lakeside Road in Penhook VA.  It features a open concept kitchen/dining and living space.  A large deck on the back of the home that wraps around one side.  A whole home Generac Generator and a spacious storage building.  With minimal grounds work a water view could be achieved.  The home needs a good cleaning and cosmetic work but it will be a great buy for the winning Bidder. A easement that runs wih the land is described below: 

   "Together with an easement and right-of-way for ingress and egress across the roadway that extends from County Route 978 in an easterly direction to the boathouse on the waters of Smith Mountain Lake and the properties of now or formerly Michael Thomas Clay and now or formerly Robert B. Clay. This easement runs with the land and is to be used for ingress and egress to and use of the boathouse on Smith Mountain Lake and the properties of now or formerly Michael Thomas Clay and now or formerly Robert B. Clay. Use of the roadway and boathouse is non-exclusive, by owners of both properties as described in deed dated June 10, 1989, of record in the Clerk's Office of the Circuit Court of Pittsylvania County, Virginia in Deed Book 858, at page 305, and as shown on Plat of Survey For Robert B. Clay, Jr. and Michael T. Clay, last revised August 21, 2003, recorded in the same Clerk's Office in Map Book 43, Sheet 354K." . Copies of the Plat are available.  

River City Auction Company is acting as an Agent of the Seller and at no time acting on behalf of the Buyer.  You must be at least 18 years old to bid in any of our Auctions.   If you are the winning bidder you have entered into a Contract to Purchase.  Winning bidders in our real estate auctions will be required to sign a Sales Contract & present a 10% deposit on the day the Auction closes.  This deposit must be paid in the form of Certified Bank check, previously approved personal check or previously approved credit card.  A closing company or closing attorney must be named at the time of signing the Sales Contract.  Time is of the Essence as closing must take place within 35 days of auction ending.  

Neither River City Auction Company nor the Seller or Sellers Agent is responsible for any missing or incomplete listing information.  Most of the information given is taken from tax records which are

usually  available for your inspection online and at the Court House.  We make every effort to give accurate information but it is the Bidders responsibility to do his/her own due diligence regarding all aspects of the real estate or personal property you wish to place a bid on.

All Due Diligence periods end the day the auction is scheduled to end.  It is the buyers responsibllity to inspect the property and do all due diligence prior to the auction ending.  The property is being sold AS IS WHERE IS without any warranties or guarantees of any kind either spoken, written or otherwise.  Any announcements made by the Auctioneer the day the auction ends takes precedence over any previous announcements, spoken or written.

 

All winning bids are subject to Seller confirmation.

Real Estate sales are subject to any and all Easements, recorded or unrecorded.

Possession of the property passes at closing.  Current Real Estate taxes & utilities are prorated based on closing date.  Any delinquent taxes must be paid by the Seller.

Buyer must have utilities switched to their name as of the closing date.  Seller has the right to terminate utilities the day after closing.  As of closing day Seller no longer carries insurance on the property.  It is the Buyers responsibility to have insurance in place as of date of closing.

 

You may certainly finance the property with your own Lender but the sale is a cash transaction meaning it is not contingent upon or subject to financing of any kind.  This sale is also not contingent to inspections, surveys or appraisals.  Do your homework before you bid.  

 

There is a 3% Buyers Premium on the Real Estate deposit due the day the Auction ends.  River City Auction Company offers all Buyers a 3% discount for cash or approved check reducing your Buyers Premium on the Real Estate Deposit to ZERO.  Please call River City Auction Co. to have your check approved prior to the close of the Auction.

On the Personal Property there is a 13% Buyers Premimum with a 3% discount for cash or approved check reducing your Buyers Premium on thePersonal Property (Motorcycle, Truck, Boat & Trailer) to 10%.   No sales tax will be charged on the Personal Property items  from the Estate of the deceased, Michael Clay.  Please call River City Auction Co. to have your check approved prior to the close of the Auction.

Redwood Fuel owns the Propane tank, you may make arrangements with them to continue service or have them pick up tank and subscribe to the service of your choice.  The Propane Tank is not INCLUDED in this auction because it's owned by Redwood Fuel.

PERSONAL PROPERTY DESCRIPTIONS:

1999 Harley Davidson ElectraGlide Classic, it runs but it does have damage.

2001 Dodge 4x4 Pickup Truck, damage to dash but other interior looks good.  186,768 mileage.  The battery did charge  but we have no other info on the condition.

Boat with Trailer is a Executive 221 Sport Express.

Please attend our pre-view of the home, truck, boat & trailer on Jan.10th from 1-4pm and inspect these items for yourself.

Preview for the Harley Davidson will be at our Auction House in Danville VA on January 2nd from 9am to 5pm.  Located at 2179 South Boston Rd. Danville VA.

 

River City Auction Company is acting as an Agent of the Seller and at no time acting on behalf of the Buyer.  You must be at least 18 years old to bid in any of our Auctions.   If you are the winning bidder you have entered into a Contract to Purchase.  Winning bidders in our real estate auctions will be required to sign a Sales Contract & present a 10% deposit on the day the Auction closes.  This deposit must be paid in the form of Certified Bank check, previously approved personal check or previously approved credit card.  A closing company or closing attorney must be named at the time of signing the Sales Contract.  Time is of the Essence as closing must take place within 35 days of auction ending.  

Neither River City Auction Company nor the Seller or Sellers Agent is responsible for any missing or incomplete listing information.  Most of the information given is taken from tax records which are

usually  available for your inspection online and at the Court House.  We make every effort to give accurate information but it is the Bidders responsibility to do his/her own due diligence regarding all aspects of the real estate or personal property you wish to place a bid on.

All Due Diligence periods end the day the auction is scheduled to end.  It is the buyers responsibllity to inspect the property and do all due diligence prior to the auction ending.  The property is being sold AS IS WHERE IS without any warranties or guarantees of any kind either spoken, written or otherwise.  Any announcements made by the Auctioneer the day the auction ends takes precedence over any previous announcements, spoken or written.

 

All winning bids are subject to Seller confirmation.

Real Estate sales are subject to any and all Easements, recorded or unrecorded.

Possession of the property passes at closing.  Current Real Estate taxes & utilities are prorated based on closing date.  Any delinquent taxes must be paid by the Seller.

Buyer must have utilities switched to their name as of the closing date.  Seller has the right to terminate utilities the day after closing.  As of closing day Seller no longer carries insurance on the property.  It is the Buyers responsibility to have insurance in place as of date of closing.

 

You may certainly finance the property with your own Lender but the sale is a cash transaction meaning it is not contingent upon or subject to financing of any kind.  This sale is also not contingent to inspections, surveys or appraisals.  Do your homework before you bid.  

 

There is a 3% Buyers Premium on the Real Estate deposit due the day the Auction ends.  River City Auction Company offers all Buyers a 3% discount for cash or approved check reducing your Buyers Premium on the Real Estate Deposit to ZERO.  Please call River City Auction Co. to have your check approved prior to the close of the Auction.

On the Personal Property there is a 13% Buyers Premimum with a 3% discount for cash or approved check reducing your Buyers Premium on thePersonal Property (Motorcycle, Truck, Boat & Trailer) to 10%.   No sales tax will be charged on the Personal Property items  from the Estate of the deceased, Michael Clay.  Please call River City Auction Co. to have your check approved prior to the close of the Auction.

All Bids are final.  We cannot retract or remove bids.