17 Acres on Smith Mountain Lake

Bedford Co., VA
Smith Mtn Lake

PROPERTY LOCATION

Gobblers Ridge Ln
Huddleston, VA 24104
Bedford County

AUCTION LOCATION

Live auction held off-site at:
Saunders Volunteer Fire Dept
12253 Smith Mountain Lake Pkwy, Huddleston, VA
Online and phone bidding also available.

DETAILS

  • Located in beautiful Cedar Key subdivision.  As you turn into Cedar Key, you are greeted with a sign that says "A Wildlife Refuge" and you proceed through the beautifully wooded Bourassa State Forest (288 acres).  It is a gorgeous drive through mature hardwood forest to the property.
  • The property is located at the end of a beautiful cove and contains 9 lots (8 residential building lots and 1 green space) but is selling as a whole
  • Dock in place and registered with AEP.  Depth at the dock was measured at 21" which is great for very shallow draft boats, canoes, kayaks, paddleboards, floats, etc.
  • Just 3 miles from Mitchell’s Point Marina
  • Zoned AP Agricultural Preserve (1 of only 2 properties in the subdivision with this less restrictive zoning)
  • Beautiful level to rolling land with nice access to lake
  • Approx. 1.5 acres of open land clear to the lake
  • Gravel road through property
  • Road frontage on Gobblers Ridge Ln
  • Association fee of $200 per lot per year ($1600/year total) which covers road maintenance
  • Adjoins the Bourassa State Forest which is NOT open to the public providing plenty of additional privacy
  • With up to 8 building lots, you can maxize the potential of this waterfront property or use it for one or two special properties.  Great spot for your new home(s), cabin(s), or private weekend getaway!
  • Very few restrictions!  Cedar Key Estates is comprised of several subdivisions including Gobblers Ridge (which includes this property).  The blanket Cedar Key Estates HOA's main function is to maintain the private road system in the community.  Therefore, it currently only has 3 regulations which were put in place to protect the road system (see "Documents" tab). Owners in Gobblers Ridge have opted to allow restrictions to expire and currently operate under Bedford County Code.  So, in general, there are very few covenants and restrictions so just about anything allowed under Bedford County's AP zoning is permitted on this property.
  • RARE find in Smith Mountain Lake

DIRECTIONS TO PROPERTY

  • Moneta: From Rt.122 in Moneta, take White House Rd for 10mi to RIGHT on SML Pkwy (626). First LEFT on Tolers Ferry Rd (608). 4mi to RIGHT on Cedar Key Ln. 0.3mi to RIGHT on Gobbler Ridge Ln. 300ft to gated drive on RIGHT.
  • Altavista: From Rt.29 in Altavista, take Rt.43N 2mi to RIGHT on Bishop Creek Rd. 7mi to LEFT on SML Pkwy (626). 6mi to LEFT on Dundee Rd (734). 5mi to LEFT on Tolers Ferry Rd (608). 0.4mi to RIGHT on Cedar Key Ln. 0.3mi to RIGHT on Gobbler Ridge Ln. 300ft to gated drive on RIGHT.

AGENT ON SITE

  • Saturday, July 23 from 1-3pm
  • Thursday, July 28 from 4-6pm
  • Sunday, July 31 from 1-3pm
  • Self-guided tours ok during daylight hours.

TERMS SUMMARY

  • 10% deposit due day of sale by cash or good check. Closing on or about 30 days. 5% buyer's premium. Click on "Terms" tab for full terms and conditions.

Terms: Property sells "AS-IS" without warranties of any kind. Potential Buyers must perform such independent investigations with respect to the Property as they deem necessary to verify information provided by Auction Company.

Warranty: All information provided by Auction Company is deemed reliable but is not warranted. The information provided by the Auction Company is subject to verification by all parties relying on it. No liability for its accuracy, error or omission is assumed by the Auction Company.

Title: Seller will convey title by General Warranty Deed free and clear of all liens.

Registration: Bids will be accepted only from registered bidders. On-site registration begins at 11:30AM day of sale. You may also pre-register on our website or phone app.  Deadline for phone and online bidding registration is 6PM EST on the day prior to the auction. A valid form of identification (i.e. driver's license) may be required to register onsite or online.

Online Bidding: Online bidding is available for your convenience. However, due to the technical nature of online bidding, bidder acknowledges that this service may or may not function correctly the day of the auction. Torrence, Read, & Forehand Auctions will not be responsible for missed bids from any source. Online bidders who desire to make certain their bid is acknowledged should use the prebidding function and leave their maximum bid 24 hours before the auction begins. Winning bidders will be notified by email and/or phone and receive instructions for signing the Contract of Purchase (must be returned within 24 hours) and submitting the Deposit (see below).

Announcements: Announcements made on day of sale take precedence over all prior communications, both verbal and written, concerning the sale of the Property.

Approval: High bid subject to approval by Seller.

Buyer's Premium: A 5% buyer's premium will be added to the high bid to determine the final sales price.

Deposit: Deposit equal to 10% of final contract price (bid price plus buyer's premium) due day of sale by cash or good check. Online bidders may overnight deposit or wire transfer funds so it is received within 2 business days.

Closing: Balance of Purchase Price shall be due at closing on or about 30 days after the sale.

Agency: The auction company and its representatives represent the sellers.