Details
5402 Roanoke Road – Troutville, Virginia 24175
Online Only Real Estate Auction – Investment Opportunity on US 220
Bidding Closes: Tuesday, December 16th at 2:00 PM
Open House: Monday, December 8th from 3:00–5:00 PM
Property Overview
We are pleased to present the real estate and improvements located at 5402 Roanoke Road, Troutville, Virginia, available through an Online Only Auction.
Built in 1902, this home offers 2,747± sq ft of living space with 3 bedrooms, 1 bathroom, and sits on a 0.93± acre corner lot positioned directly on US 220 in one of Botetourt County’s fastest-growing areas. Additional improvements include a large detached garage/workshop, ideal for storage, hobbies, or small business use.
This is an Online Only Auction. All bids must be submitted online.
Key Features
Location: Prime corner lot directly on US 220 (Roanoke Road) in Troutville
Acreage: 0.93± acres
Square Footage: 2,747± sq ft of living space
Bedrooms/Baths: 3 bedrooms, 1 bathroom
Year Built: 1902
Heating: Oil heat
Garage/Workshop: Large detached garage/workshop
School Districts: Troutville Elementary, Read Mountain Middle, Lord Botetourt High
Notes: High-visibility location with strong investment potential
Open House
Sunday, December 8th from 3:00–5:00 PM
Or to schedule a private showing, contact:
Cody Manspile, Auctioneer – (540) 784-9254
PROPERTY IS BEING OFFERED SUBJECT TO SELLER CONFORMATION OF THE HIGH BID
Additional Resources
Property Tour Video:
[ CLICK HERE TO VIEW PROPERTY TOUR VIDEO ]Broker Participation:
[ CLICK HERE FOR BROKER PARTICIPATION FORM AND DETAILS ]
Terms & Conditions
This property is being sold AS-IS with no financing, appraisal, or inspection contingencies and with no warranties or guarantees of any kind. Seller guarantees clear title to the property. Bidders are encouraged to use professional inspectors or contractors to evaluate the condition and value of the property. All inspections must be completed prior to the auction.
Deposit: Nonrefundable $10,000 required from the high bidder within 24 hours after confirmation of the final bid
Closing: Balance due on or before 45 days
Form of Deposit: Wire transfer, cashier’s check, or certified check drawn on a U.S. bank
Title: Delivered free of all liens or encumbrances as set forth in the Real Estate Purchase and Sales Agreement
Closing Costs: Paid by the buyer; property taxes prorated as of the day of settlement
Buyer’s Premium:
A 10% Buyer’s Premium will be added to the high bid to determine the total contract purchase price.
(Example: A $100,000 bid will have a $10,000 premium added for a total purchase price of $110,000.)
[ VIEW FULL TERMS ]
Contact the Auctioneer
Circle C Auction Company
Auctioneer: Cody L. Manspile
Phone: (540) 784-9254
Email: cody@circlecauction.com
Website: www.circlecauction.com
VA Auctioneer License: VA AF#2908001046
Terms
Terms and Conditions of Real Estate Sale
SETTLEMENT: A signed contract and a nonrefundable deposit of $10,000 from the high bidder is required within 24 hours after confirmation of the final bid, with the balance due at closing on or before 45 days. The deposit must be in the form of a wire transfer, cashier's check, or certified check drawn on a US bank. Title shall be delivered free of all liens or encumbrances as more specifically set forth in the Real Estate Purchase and Sales Agreement. All settlement and closing costs will be the responsibility of the buyer, and the property taxes will be prorated as of the day of settlement.
BUYER’S PREMIUM: A 10% buyer’s premium will be added to the final bid to become part of the purchase price at settlement. Buyer agrees to these provisions and will pay the applicable buyer’s premium.
All property is sold “AS IS”, “WHERE IS”, and “WITH ALL FAULTS”. All property is being offered and sold in its as-is/where-is condition at the time of the auction, with all faults, including any hidden defects of any nature. Neither auctioneer nor seller makes any representations, warranties, or guarantees whatsoever, express or implied, regarding the nature, value, source, authenticity, fitness, merchantability, and/or any other aspect or characteristics of such property. No statement anywhere, whether express or implied, including verbal statements made by auctioneer, will be deemed a warranty or representation by auctioneer or seller. Without limiting the generality of the foregoing, there are no warranties of title, non-infringement, authenticity, origin, merchantability, or fitness for a particular purpose, all of which are expressly disclaimed. Each bidder acknowledges and agrees that such bidder cannot rely, and has not relied, on any representation, warranty, or guarantee made by the seller or anyone acting as an agent of the seller, orally or in writing, about the property, or any of it. By bidding, each bidder acknowledges and agrees that such bidder has had a full and fair opportunity to inspect the property and is relying solely on, or has waived, such bidder’s inspection and investigation (i) in determining whether to bid, (ii) in determining the amount of a bid, and (iii) in bidding.
No Buyer Contingencies: There will be no buyer conditions or contingencies to the sale of the real property, except for the seller’s delivery of good and marketable title.
Bidder Registration and Qualification: All persons desiring to bid at the auction must register to bid and be issued a Bidder Number. In order to register to bid, each potential bidder must provide such information (including identifying information and qualifications) as requested by the auctioneer. Each person registering to bid represents to the auctioneer that such person is at least eighteen (18) years of age and is otherwise legally able to enter into a contract. Auctioneer may refuse to accept a bidder registration from any potential bidder, may refuse to issue a bidder number to any potential bidder, and may revoke any bidder registration or bidder number. Each person registering to bid, or otherwise participating, at the auction acknowledges and agrees that such person has read, understands, and agrees to be bound by these bidder terms and conditions. In the auctioneer’s discretion, bids may be received from a person who has not registered to bid, and/or who has not satisfied all requirements for bidder registration, and/or who has not been issued a bidder number, and, by bidding, such person will be bound by these bidder terms and conditions. Auctioneer may establish such bidder qualifications as auctioneer determines, in auctioneer’s discretion, are reasonably necessary or appropriate. Bidder qualification provisions (which may include proof of the availability of funds) are intended for the benefit of auctioneer and seller and create no rights or interests in any other persons, including competing bidders. Auctioneer and/or seller may (but will not be required to) waive any bidder qualifications, either globally or on a case-by-case basis.
BIDDING: Using your knowledge and experience, form your own opinion of the property and bid accordingly. If you are in doubt, DO NOT BID. The property is sold AS-IS; this is an auction, and all sales are final. Bids cannot be retracted and are binding contracts between the bidder and auctioneer/seller. Bidder is accountable to be informed about property and associated costs before bidding. A maximum bid can be placed on the property in the online bidding interface. A maximum bid is kept confidential. Except for properties noted “Absolute Auction,” all properties in auctions will be sold subject to seller confirmation or will have a pre-established minimum reserve price. The starting bid is not the reserve price. Except where prohibited by law, auctioneer may counter bid on behalf of the seller on any property up to the amount of the reserve price (and no such bid will result in a sale of the property). If the reserve price is not met, the seller is under no obligation to sell the property; however, the seller may accept a bid that is below the reserve price at its sole discretion.
BROKER COMPENSATION: Preapproved (no later than 5:00 PM the day before the auction ends) brokers’ participation will be compensated. Two percent (2%) of the high bid price will be paid to a qualified licensed real estate agent whose registered buyer's offer is accepted by the seller and closes on the property. Brokers only receive a commission when they represent a client, not if they themselves are the client. Commissions will be paid only after closing and after the auctioneer has been paid in full. Agents are not required to attend the closing but must attend the auction with their client and/or visit the property with their client during the marketing period. Agents must have the client's permission to register them for the auction. Agents may not register people who are not actually their clients. If an agent has not met all of these requirements, no commission will be paid to the cooperating agent, even if the agent's client purchases the property. Under no circumstances whatsoever will any commission be paid if the sale does not close for any reason.
