NO RESERVE Beautiful North Carolina Mountain Land

NO RESERVE ABSOLUTE AUCTION

As of Tuesday, November 10th, just 6 days into the auction, 17 of you have already placed this property on your watch list. Thank you for your interest.

RIDICULOUSLY LOW MINIMUM OPENING BID OF

 JUST $59,000.00

Once the minimum bid is made the $75,000 Buy It Now price goes away.

No hype, no bull, this is an opportunity to purchase a great piece of property

 AT A GENUINE STEAL!

The last time this property was offered for sale it went under contract for $89,500.00

That is $30,500.00 more than the present minimum opening bid!

Beautiful Improved Blue Ridge Mountain Property

This property is in a small 16.5 acre private gated subdivision named Forest Creek which consists of just four 4 acre tracts. 

One of the photos you will see was taken from a mountain top a mile away showing the area in which Forest Creek is located. I have edited the photo placing a black border around Forest Creek.

The tract for sale is largest of the four at 4.62 Acres and is situated at 3,200 Feet above Sea Level just 2 miles (GPS) from Mile Marker 242 of the Blue Ridge Parkway (National Park) http://www.blueridgeparkway.org/ in peaceful, scenic and serene Laurel Springs, NC. Zip Code: 28644.

Also just 2 miles from Doughton Park http://www.blueridgeheritage.com/NaturalHeritage/NaturalTreasures/Mountains/doughtonpark.html

and just a few minutes to the beautiful New River, a federally protected “National Scenic & American Heritage River” http://www.ncparks.gov/Visit/parks/neri/main.php  

Also see http://www.epa.gov/rivers/98rivers/new.html

Also just 45 minutes to Stone Mountain State Park, Stone Mountain, NC. http://www.ncparks.gov/Visit/parks/stmo/main.php 

and 30 minutes to Mt. Rogers, the highest peak in Virginia at 5,729 Feet, which is within the huge Mt. Rogers National Recreation Area encompassing the Washington & Jefferson National Forests. There are over 400 miles of designated trails in Mt. Rogers N.R.A. including the Appalachian trail which traverses the entire lenght of it and crosses the peak of Mt. Rogers itself. http://www.fs.fed.us/r8/gwj/mr/ 

This area is a virtual natural wonderland perfect for anyone seeking an abundance of undeveloped scenic beauty, wildlife and outdoor recreation.

Access to this 4.62 acre property is via a very lightly trafficked paved state road that turns to gravel just up the road and runs up over a privately owned undeveloped mountain populated by Christmas trees and some cattle. The main entrance is gated and this property is off a private dead end 1/8 mile long gravel driveway.

Beauty, serenity, & privacy are hallmarks of this property.

There is a nice assortment of old growth hardwood trees across the entire property, plus Rhododendron and Mountain Laurel. The property includes a good running stream; a spring and a trout pond not common to other properties. The land rolls ever so slightly laying 100% useable. There is a choice elevated area for a home which could be situated with a perfect southeast to southwest exposure which would also overlook the pond and provide pastoral & mountain views across a large non working farm (only mowed for hay) that borders the property (see pastoral/mountain photos taken from proposed home site).

This property is located in Alleghany County and is very accessible just 35 minutes off of Interstate 77, 45 Minutes off Interstate 81 and 55 minures off Interstate 40. The year round population in Alleghany County is just over 10,000. Crime is negligible. You can leave your doors unlocked and the keys in the ignition of your car. The only town in the county is the county seat, Sparta (Zip 28675) which is 12 miles from the property. http://www.sparta-nc.com/ Sparta is a town of 3,500 population, 3 traffic lights, Alleghany Memorial Hospital, 2 grocery stores(Lowes & Food Lion), 2 pharmacies and a State ABC liquor store. Perfect! Excellent rated schools too! A great place to raise children away from the not necessarily positive influences of modern urban life as well as a perfect location for a (cool) summer home or year round retirement living.

This property is located 25 miles from Jefferson & West Jefferson, NC, with a Wal-Mart, Lowes Home Improvement, two upscale grocery stores & restaurants with full liquor bars http://www.main.nc.us/ashe/ It is only 40 miles to the resort town of Blowing Rock and the university town of Boone, North Carolina. Boone is home to Appalachian State University, Boone Mall, theatres, upscale restaurants, etc.

Just outside Boone and about an hour from this property are the major Ski Resorts of North Carolina http://www.skinorthcarolina.com/ Lots of beautiful golf courses throughout the area too!

It is 1 hour and 20 minutes to Winston Salem, NC., 1 hour and 40 minutes to Greensboro, 2 hours to downtown Charlotte, 2 hours to Roanoke, VA and under 2 hours to the Tri-Cities of Johnson City, TN , Kingsport, TN, and Bristol, TN/VA (state line runs down Bristol's main Street). 

THIS IS QUALITY PROPERTY WHICH IS RESTRICTED TO RESIDENTIAL USE ONLY. Deed restrictions include no commercial use including Bed & Breakfast’s or rental homes. It is part of the private 16.5 acre Forest Creek subdivision comprised of just four estate sized tracts of approximately four acres each. All tracts quickly sold when Forest Creek was developed in 2005. No homes have been built to date. Owners are primarily holding tracts for long term investment. Further deed restrictions include no mobile homes or manufactured homes and no steel buildings. RV’S cannot be lived in on the property. No livestock (domestic pets OK). The properties in Forest Creek have been deed restricted to protect value. There is no Home Owners Association, just recorded deed restrictions that run with the land in perpetuity which the Courts of NC will vigorously enforce if violated.

PLAT & RESTRICTIONS: A survey plat of the subdivision and a copy of the deed restrictions in the form of a .pdf file are available by request. Call 336-372-7400 9:00 AM to 6 PM EST.

TAXES: Property taxes are beyond reasonable. The tax bill on this property in 2008 was $158.00.

Taxes on our mountain top 3,000 square foot 3 bedroom log home with a large detached 2 car log garage with an apartment above it (carriage house), and a large barn on 2 acres are less than $1,500 per year!

WATER AND SEPTIC: This is rural property. There is no city sewer and water. Water is by well, spring or stream and sewer by an on site septic system,

This property has a bounty of water on it. A well would be an unnecessary expense. The water is good clean mountain water but for peace of mind in-home infrared purification systems are very inexpensive. Install an in ground tank and pump and an in-home purifier and you’ll have all the water you need.

As for septic, I am a licensed Real Estate Broker and licensed Building Contractor. I have developed enough land (including this subdivision) and built enough homes here to recognize earth that will perk. This property will easily perk. Installing a septic system for a 2 or 3 bedroom home runs $2,500 to $4,500.

ELECTRICITY: This property is not off the grid. Electricity runs right up to it and will be very reasonable to have installed to a home site.

I have been familiar with Alleghany County since moving to the area from the northeast in 1973. Two years ago this was easily a $100,000 property. As mentioned at the outset it last contracted for $89,500. I repurchased this property from the original owner with the intent of building a spec home on it. Shortly thereafter the housing market declined I and have no plans to build on it anytime soon. So, I have decided to offer it for purchase at a crazy low price.  I would just as soon take my lumps and get what I can now (within a modicum of reason) and put the money to good use elsewhere. I am also a licensed Independent auto dealer and own a Classic Collector and Performance Car business. I am offering this property at a bargain primarily to reinvest in rolling stock (just like this property, there are some great bargains out there right now), rather than sit on this land until the market comes back and makes it worth $100,000 again. That will undoubted be the case at some point, and even more. I am counting on making up my loss by investing in expanding my car collection, about which I am psssionate.

My wife (a sweetheart) who shares an enjoyment of my car hobby but who thinks I’m nuts and is giving me a hard time for offering this property so cheap, is an attorney. However, she has agreed that if you would like to utilize the services of her office for deed prep and handling the closing there will be no charge for her services! The only charges you will incur will be the $22 the county charges for recording the deed , the property taxes for the remainder of the year from the closing date (negligible at this point)  and optional Title Insurance. Title Insurance would probably run less than $100 since we have a policy on it now as did the original owner and little to no research would be necessary on the part of the title company.

BEFORE YOU BID PLEASE READ AND UNDERSTAND THESE EXTREMELY IMPORTANT TERMS. IF YOU HAVE QUESTIONS PLEASE CALL ME AT 336-372-7400 BETWEEN 9:00 AM AND 6 PM EASTERN TIME ANY DAY.

This property is presently for sale in regional print media with an asking price of $79,500. I reserve the right to end this auction at anytime prior to a bid having been placed. However, once the opening minimum bid has been placed I will withdraw that advertising and the property will only sell here on eBay. The auction will either run its course to conclusion or possibly end early if an eBay bidder contacts me with an offer tempting enough to accept their high bid and conclude the auction early.

This is a great property which you will love, as do the owners of the other three properties in Forest Creek who have no intention of selling. I am offering it dirt cheap for a fast no hassle sale. You WILL NOT be disappointed even buying the property without first having first seen it in person. However, I invite you to please come and personally inspect the property, or send someone to check it out on your behalf. If you would like to do so and/or have it surveyed (2005 survey available and nothing has changed), perk tested or get answers to any other questions you may have please do so prior to the conclusion of the auction. Should you be the high bidder at the close of this no reserve absolute auction you will have legally committed to purchasing the property with no further contingencies beyond that point. 

A North Carolina Bar approved Real Estate Purchase Contract will be emailed to the winning bidder immediately following the close of the auction to be printed, signed and returned via fax and hard copy by Express Mail. A deposit of 10 percent of the purchase price must also be wired to the trust account of Heather R. Klein, Attorney at Law, Sparta, NC., within 48 hours. Exact wire instructions will be provided when we talk after the conclusion of the auction.

Closing must take place within 21 days (3 weeks) of the close of the auction.

PLEASE DO NOT BID UNLESS YOU HAVE CASH IN HAND AND CAN CLOSE WITHIN 21 DAYS. Thank you.  

If you have been looking for property in this region this is beyond an excellent opportunity (do some comparison shopping) on a beautiful property in a beautiful unspoiled area of the Blue Ridge Mountains. 

Again, please don’t hesitate to call. I will be happy to provide any additional information I can and work with you in any reasonable way I can to assure your satisfaction. I can be contacted by phone at: 336-372-7400 between 8:30 AM and 6 PM eastern time any day of the week. My direct email address is tom@tomscoolcars.com  I will look forward to hearing from you.

Thank you,

Tom Klein