PUBLIC REAL ESTATE AUCTION EVENT
ONLINE ONLY BIDDING!!
This is a rare opportunity to purchase 3 Main Street homes for 1 price!! In addition to immediate rental income, this property is located in an excellent location for future potential commercial or multi family residential growth!! Bid Online early & often and own this valuable property!!
Please bid early and often & understand that the online only bidding begins to close on Wednesday, December 18, 2024 @ 2:00 PM (Eastern).
Home Tour: Wednesday, December 11 @ 3pm SHARP (Feel free to bring your inspector/contractor). Please contact Josh Puffenbarger for more information (540-421-5007)
You must close on or before January 15, 2025 (this closing date is non-negotiable, and you will forfeit your deposit if your purchase is not closed on or before this date)
- These 2 homes & 1 cottage will be sold for 1 price. The .76 +/- acre parcel has 190'+/- of N. Main St. frontage. This parcel is located between multi-family residential and commercial properties, and the within walking distance to a new Sheetz and within 1 mile of a future Buc-ee's. The future developmental potential for this property is bright as Mount Crawford is experiencing aggressive growth!! Immediately, you can have income producing rental property or a nice future family compound. Approx. 6,600 vehicle per day.
- 733 N. Main St.
- This home is currently occupied and is bringing in $1050/mo, plus utilities, with a
lease current through 7/31/2025. This is a 4BR house with 3 bedrooms upstairs and one bedroom on the main level. All bedrooms have carpet flooring. It has two full baths with one bathroom on each level. The bathrooms and kitchen have vinyl flooring. This home was furnished with new appliances, new flooring, and fresh paint in 2021. There is a partial basement under the house which contains the oil furnace and water heater. The home is heated with hot water baseboard heat and air conditioning is
provided by window units. The Rockingham County tax record shows this as a 1747 +/- sq. ft. home.
- This home is currently occupied and is bringing in $1050/mo, plus utilities, with a
- 745 N. Main St.
- The 596 +/- sq. ft. cottage has one bedroom, one bathroom, and an open kitchen/dining/living area on one level. It has an enclosed front porch also. The cottage has a new mini-split heating/cooling unit, a new electric water heater, and new countertops. It was recently rented for $800/mo plus utilities.
- 747 N. Main St.
- This home is currently leased for $1125/mo plus utilities (lease expires 9/30/25).This is a
3 BR/2BA home, and one bedroom and one bathroom are on the main level with two bedrooms and
one bathroom room upstairs on the second level. The bedrooms have carpet flooring with vinyl in
the bathrooms and kitchen. There is hardwood floor in the living room and hallways of the main
floor. The partial basement is accessible from an outside entrance and contains the oil furnace
and water heater. The home is heated with baseboard heat and cooled by window units. The
Rockingham County tax card shows this as a 1,214 +/- sq. ft. home.
- This home is currently leased for $1125/mo plus utilities (lease expires 9/30/25).This is a
- All of these homes are serviced by town water & septic. There is a well on the property that once serviced the homes. The pump is still in the well, and could potentially be put back into service. There is also a buried tank on the property.
- Located only 1 mile from I-81, 2 miles from the Walmart Distribution Center, 3 miles from Bridgewater & Bridgewater College, 6 miles from Harrisonburg & James Madison University, and a short drive to Staunton, Waynesboro, Charlottesville, Winchester & the WV Line!!
- Tax Map: 137A-A-2; Deed Book: 317-399; Zoning: Town; Yearly county real estate taxes: $2,399.72 (2023); Homes were built in 1952 (per tax records); $20,000 deposit (wired funds or certified check ONLY) is due immediately after confirmation of final bid and the balance due at closing on or before January 15, 2025 (this closing date is non-negotiable, and you will forfeit your deposit if your purchase is not closed on or before this date); WE GUARANTEE A FREE & CLEAR DEED
- Only $300,000 Starting Bid!!
FOR REALTORS: if you are currently working with a licensed real estate salesperson and want them to represent you, please have them CLICK HERE and complete their bidder registration form. In order for the real estate salesperson to be compensated, the registration form must be completed and submitted no later than 6 am on the day of the auction (12/18/24), and all terms adhered to.
TERMS: Thank you for your interest in this property. Contact Josh Puffenbarger if you need additional information (540-421-5007).
This online auction is not contingent on or subject to financing, appraisal, survey (property lines), study period or inspections of any kind, as agreed to by bidders at registration prior to bidding, and specified in the Offer to Purchase and Contract. Property is sold in as-is condition with no warranties or guarantees of any kind.
Per the contract, “TIME IS OF THE ESSENCE,” and you should proceed to closing immediately. You must close the transaction on or before January 15, 2025 (NO EXCEPTIONS! YOU WILL FORFEIT YOUR DEPOSIT MONEY IF YOU DO NOT CLOSE ON or BEFORE 1/15/25). If your closing is delayed for any reason, by you, as purchaser, or other parties working on your behalf, including any lender you involve – you may be declared in breach of the contract, forfeit all deposits made, and could be additionally liable for any and all court costs, any price difference in a subsequent resale of the property, and all future auction costs incurred by the seller and Nicholls Auction Marketing Group, Inc.
Bid with confidence, but please do not delay your closing!
Terms & Conditions
Contract for Sale of Real Property: This property is offered under the specific terms provided in the contract. The Contract for Sale of Real Property is available at www.nichollsauction.com in the property information packet package located from within the “DOCUMENTS” section. Please read and review the contract thoroughly prior to bidding on any property. If you have not read and reviewed the Contract for Sale of Real Property, Do Not Bid!
Nicholls Auction Marketing Group, Inc. has the sole authority to resolve any bidding disputes as they may arise.
Bidder Verification: The identity of all bidders will be verified, 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.
Online Terms: A $20,000 earnest money deposit will be required from the successful purchaser. At the close of the online 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 toward your deposit. The successful bidder’s remaining earnest money deposit ($19,500) 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 on or before January 15, 2025 NO EXCEPTIONS. Purchaser shall be responsible for all wire transfer fees. You may be asked to show proof of funds for the deposit (via text or email) prior to being approved to bid.
Buyer’s Premium: A 10% auction premium will be added to the final bid price to determine the total contract price. 10% Auction Premium Example: Bid Price: $100,000 Plus 10% Auction Premium: $10,000 Total Contract Price: $110,000. Auction Premium is non-negotiable.
Contracts: Contract Packages will be sent by e-mail to the high bidder, who must execute and 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.
Auction Administrative Fee: 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 $20,000 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.
Closing: Time being of the essence, this sale must be closed on or before January 15, 2025 w/NO EXCEPTIONS. The purchaser will pay for all of their closing costs associated with the transaction.
Agency Disclosure: In all transactions, the auctioneer is acting as agent for the seller, not as buyer’s agent. Nicholls Auction Marketing Group, Inc. reserves the right to remove or cancel the bids and or bidding rights and privileges of any party, deemed not to be in the best interest of the seller, at any time. At auctions with reserve, the seller and/or auctioneer reserves the right to bid.
Disclaimer: All information contained herein is believed to be correct to the best of the auctioneer’s knowledge. The information is being furnished to bidders for the bidder’s convenience and it is the responsibility of the bidder to determine that information contained herein is accurate and complete.
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.
Realtor Representation: if you are currently working with a Realtor and want them to represent you, they must be pre-approved and submit the broker participation form no later than 6:00 am Eastern on 12/18/24 in order to be compensated. Real estate agent must fill out and submit realtor representation form by time stated above and adhere to all rules in order to be compensated.
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. The online bidding will begin to close on Wednesday, December 18, 2024 @ 2:00PM (Eastern). If there is bidding in the last few minutes before the auction closes, extended bidding will commence. If there are no bids within 2-3 minutes, the auction will end. This procedure prohibits any last second 'sniping' from taking place. In the unfortunate event of a DDOS attack or server attack/shut down, the auction company reserves the right, but is not required, to change the bid closing deadline.
