PUBLIC REAL ESTATE AUCTION EVENT
SELLING to the HIGHEST BIDDER!!
The Estate of William C. Whitmore, Jr. (W. Franklin Pugh, Administrator)
Live On-Site Auction w/Live Real Time Online Simulcast Bidding for Your Convenience!!
Need a Mortgage?....Please contact Brian Damewood for info. (540-454-2326)
You will also have the opportunity to purchase an adjacent 3 BR/2 BA home on .47 +/- acre lot (208 N. King St.). Buy one or BOTH!!
Home Tour: Friday, June 6 @ 1:00 PM SHARP! (Feel free to bring your inspector/contractor). Please contact Brian Damewood (540-454-2326) or Craig Damewood (703-303-4760) for more information.
- 3 BR/1 BA Colonial style home in need of complete renovation on .24 +/- acre lot in downtown Leesburg, VA
- This home measures 2,931 +/- total sf. (1,983 +/- sf. finished), and features an eat-in kitchen, living room, dining room, finished rear porch area, full unfinished cellar w/dirt floor
- Hardwood flooring throughout home
- Rear porch has been finished off as a sunroom; front porch is in weakened condition & needs repair
- Heating: electric baseboard, oil furnace in basement (condition unknown) w/oil tank in cellar; Cooling: window units; closed off fireplace in kitchen
- Public water & sewer; electric water heater
- Gravel driveway
- Detached wooden shed w/1 bay; rear fencing
- Internet: High speed available
- "Rare Opportunity" is an understatement!! One of the most desirable locations in downtown Leesburg!! Buy .24 +/- acre lot w/home, .47 +/- acre lot w/home OR BOTH equaling .70 +/- acres w/2 homes!!!
- Located within walking distance to all things in downtown Leesburg, around the block from Rotary Park, minutes to all schools, 1 miles to Inova Leesburg, 1 miles to Loudoun County Government Buildings, 1 mile to Leesburg Pike, minutes to Rt. 7, 15 miles to IAD and a short drive to Tysons, Alexandria, Arlington, DC, DCA, Frederick & Bethesda, MD!!
- Please CLICK HERE for Leesburg Zoning Ordinance Info. and please CLICK HERE for Subdivision & Land Development Regulations. In addition, please feel free to reach out to either of these ladies with any questions: Heather Schmidt--Senior Planner Preservation, HSchmidt@leesburgva.gov, Office: 703.771.6744, Cell: 571.831.1607 and Shelby Miller--Planner Zoning Administration Town of Leesburg, VA, Office (703) 737-7183, samiller@leesburgva.gov
- Tax Map: 231-48-7463-000; Zoning: Leesburg R-HD (Leesburg Old & Historic District); Yearly real estate taxes: $5,185 (Loudoun County) & $1,142 (Town of Leesburg); Home was built pre 1900's and has wood siding exterior; $15,000 deposit (certified check ONLY) is due immediately after confirmation of final bid, shown at registration and the balance due at closing within 30 days (Administrator, W. Franklin Pugh is requiring a strict 30 day closing); WE GUARANTEE A FREE & CLEAR DEED
- Only $300,000 Suggested Starting Bid!!
FOR REALTORS: if you have been working with a Realtor, please have them CLICK HERE and complete their broker participation form. In order for the Realtor to be compensated, broker forms must be completed and submitted no later than 6 am on the day of auction (6/16/25), and all terms adhered to.
TERMS: $15,000 per parcel ($30,000 for both) earnest money deposit is due immediately after confirmation of final bid (unless prior arrangements have been made), must be shown when you register and the balance due at closing within 30 days or as soon thereafter as seller's closing documents are available (Administrator, Attorney W. Frank Pugh requires a strict 30 day closing period). There is a possibility of a lesser deposit if proof of pre approved financing is presented prior to auction. Deposits must be in the form of a cashier's check or certified check (from a US bank) made payable to yourself. The deposit is non-refundable. A 10% auction premium will be added to the final bid, and will become a part of the purchase price (Example: Bid Price: $100,000 Plus 10% Auction Premium: $10,000 Total Contract Price: $110,000). The auction premium is non-negotiable. Property sold in as-is condition, and is not contingent upon buyer's financing, condition of property, appraisal, inspection, etc. Pre-approved (no later than 6 am on 6/16/25) broker participation is compensated (NO EXCEPTIONS). Auctioneer's Note: All information and dimensions were derived from sources believed to be correct, but are not guaranteed. Buyers shall rely on their own information, judgment, and inspection of the property. All auction day announcements take precedence over any previously printed material or any other oral statements made. Please note that the following statements are simply the highlights of the terms & conditions. Please refer to the "Property Information Packet" for complete and detailed terms & conditions that will govern the auction event.
We are happy to offer online/simulcast bidding for bidders who cannot physically attend the live auction event. Please understand and agree that online bidding will only be allowed if the buyer is physically NOT on site at the live auction. Online bidding will NOT be allowed if you are physically in attendance at the live auction event.
ADDITIONAL TERMS for THOSE PLANNING TO BID LIVE ONLINE
In addition to the above terms and conditions, Please read below if you are participating and registered for LIVE ONLINE SIMULCAST BIDDNG- Contact the auction coordinator (his or her name and contact number is on the NichollsAuction.com site under the auction you are bidding on) immediately if you need additional information.
- Bidder Verification: The identity of all bidders will be and must be verified (via phone, email or text). Bidding rights are provisional, and if complete verification is not possible, Nicholls Auction Marketing Group, Inc. will reject the registration, and bidding activity will be terminated.
- At the close of the auction, and seller confirmation, the successful bidder will be emailed or given the contract package to execute and return to Nicholls Auction Marketing Group, Inc. Upon being declared the high and successful buyer, the credit card that you registered with will be charged $500 per parcel toward your deposit. The successful bidder’s remaining earnest money deposit ($14,500 or $29,000) must be in the form of cashier’s or certified check (United States Bank) or wire transfer to Nicholls Auction Marketing Group, Inc. and is due immediately. The entirety of the remaining balance is due at closing. Purchaser shall be responsible for all wire transfer fees.
- Contract Packages will be sent by e-mail or hand delivered to the high bidder, who must execute and hand deliver, email, fax or overnight mail back to Nicholls Auction Marketing Group, Inc., within 24 hours of receipt. If the successful bidder does not execute and return their contract with earnest money deposit within 24 hours of receipt they will be considered in default and subject to legal action. This is a legal binding contract.
- In the event a winning bidder fails to submit the signed ’Contract for Sale of Real Property’ and deposit earnest money as provided in the pre-stipulated Auction Terms, the winning bidder will be charged an administrative fee of $15,000 on the credit card provided at auction registration. Additional default remedies are reserved by Nicholls Auction Marketing Group, Inc., and the Seller as provided in the Auction Terms & Conditions and the ‘Contract of Purchase’. All administrative fees are non refundable.
- Any reliance on the contents shall be solely at the recipient’s risk. Bidders must conduct and rely solely upon their own investigations and inspections. The property is being sold ’AS IS’ with any and all faults. Please review all information supplied, and seek appropriate assistance prior to bidding.
- Technical Issues: Neither the company providing the software nor the auction company shall be held responsible for a missed bid or the failure of the software to function properly for any reason. In the unfortunate event of a DDOS attack or server attack/shut down, the auction company reserves the right, but is not required, to extend bidding time. To minimize the chance of being affected by internet or software issues, please use the “Max Bid” feature.
