24.4 Acres +/- in Sandston, VA

24.4 Acres +/- in Sandston, VA

This property is located on the 3100 block of Portugee Rd in Sandston, VA 23150. PID 843-701-2778. This property is located adjacent to the the Facebook facilities located in Sandston.  If you have any questions or would like to make an offer give us a call at (804) 709-1954. 
  •   May 11 @ 12:30pm EDT (Start)
  •   Jun 20 @ 3:00pm EDT (End)
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    This property is located on the 3100 block of Portugee Rd in Sandston, VA 23150. PID 843-701-2778. This property is located adjacent to the the Facebook facilities located in Sandston. 

    Potential Uses:

    • Single family residence development
    • commercial use
    • agricultural use

    If you have any questions or would like to make an offer give us a call at (804) 709-1954. 

     

    TERMS AND CONDITIONS FOR THIS AUCTION EVENT

     

    Summary of Terms and Conditions:

     

    •  Buyer’s Premium: 10% Buyers Premium added to the highest bid. 
    •  Deposit: $2,500.00 deposit is to be paid by credit card immediately at the end of the auction sale, and balance of 10% of the high bid is to be paid within three (3) business days of the date of this agreement, by cashier’s check or bank wire. The sum of which shall be applied to the purchase price upon compliance by Purchaser(s) with the Agreement. Dudley Auctions shall hold the Buyer’s Deposit in an interest-bearing escrow account with all interest accruing to the benefit of escrow agent.
    •  Broker Co-op: Up to 3% of the high bid may be paid to a properly registered broker/agent at settlement.
    •  Closing: 30-day closing, As-Is, no contingencies.
    •  Agency Disclosure: Dudley Auctions is acting as auctioneer/agent and is agent for the seller only.
    •  Disclaimer: Information contained herein is believed to be correct to the best of Dudley Auctions’ knowledge, but it is the sole responsibility of each Bidder to inspect and verify all information pertaining to the property. This property is subject to sale prior to auction event and may be withdrawn, modified or cancelled at any time without notice.
       

    Full Terms and Conditions:

     
    Bidder Approval: A deposit in an amount displayed on the Dudley Auctions website or
    as communicated by Dudley Auctions is required in order to become an approved
    Bidder and be able to place a bid during the auction event. Any such deposit will be
    required in the form of cash, certified funds, or credit card. Dudley Auctions reserves the
    right to hold the deposit until the completion of the auction event and for a reasonable
    period of time to allow for the release of any such deposit and/or the return of any such
    funds after the conclusion of the auction.  The online bidding platform shall place a
    minimal credit card hold at the time of online registration to confirm the validity of the
    credit card being used.
     

    Bid Increments: Dudley Auctions shall solely determine the bid increments for this
    auction event. Bid increments may be changed or modified from time to time during the
    auction event. 
     
    Bid Responsibility:
     Bidders are responsible for entering their bids and each Bidder shall
    be responsible for any and all bids placed under that approved Bidder’s number during
    the auction event. Bids placed by approved Bidders shall be considered final and will be
    recorded. Recorded bids may not be modified, retracted or rescinded. 
     
    Bidding Time: This auction is a timed auction event, which means that bidding is
    scheduled to begin and close at the times posted on the website for Dudley
    Auctions. All time references on the bidding site for Dudley Auctions are expressed in
    Eastern Time. It the responsibility of the bidder to check the Dudley Auctions website
    regarding the scheduled opening and closing times for each timed auction event. 
     
    Buyer’s Premium: A Buyer’s Premium of ten percent (10%) will be added to the highest
    bid for the real property and included in the total selling price paid by the buyer.  
     

    Buyer’s Premium Example:

     
    Highest Bid                            $50,000
    10% Buyer’s Premium.        + $5,000

    Total Purchase Price           = $55,000

     
    Closing: The highest bidder must sign all documents and contracts within one (1) hour
    after the end of the auction event. All closings must occur within 30 days, unless
    otherwise specified in the Purchase Agreement. TIME IS OF THE ESSENCE WITH
    REGARD TO ALL CLOSINGS! The subject Property is to be conveyed by Marketable Deed
    from all owners of record and free and clear of all liens. The terms of the purchase
    agreement are non-negotiable, and the highest bidder must sign the purchase
    agreement in the name of the highest bidder or the highest bidder’s associated business entity. The purchase agreement and such other documents will set forth the
    specific terms and conditions of the sale, including the time by which the successful
    participant’s purchase of the property must be completed. It is the sole responsibility of
    each registered bidder to review all documents provided by Dudley Auctions before
    making any bids at the auction event. 
     
    Closing Costs: The deed shall be prepared and acknowledged by Seller at Seller’s
    expense and recorded at the expense of Buyer. The buyer shall pay all title searches,
    title insurance charges, survey expenses, usual conveyance expenses, and recordation
    taxes, including the Grantor’s and Grantee’s Tax. Real estate taxes, rents, water and
    sewer charges, if any, will be prorated as of the date of closing. Successful purchasers
    must pay all wire transfer fees. Sale of the property is not contingent upon the buyer
    obtaining financing. 
     
    Controlling Law: The rights and obligations of all parties regarding this auction event
    shall be governed and interpreted by the laws of the Commonwealth of Virginia. All
    registered Bidders shall be deemed to have consented to the jurisdiction of the state
    and federal courts of the Commonwealth of Virginia when making an offer at the
    auction event, whether present in-person or by agent, written offer, telephone, online or
    any other means.
     
    Cooperating Broker/Agent Fee: Dudley Auctions offers up to a three percent (3%)
    cooperating broker/agent fee to be paid to broker/agent representing the highest bidder
    for the real property (cooperating broker/agent fee based on highest offer and not
    including applicable buyer’s premium). Please contact Dudley Auctions for full terms.
     
    Default: If highest bidder defaults in making settlement, the deposit paid by that
    defaulting highest bidder shall be forfeited, and the property purchased by such
    defaulting highest bidder may either be resold at the risk and expense of such party or
    Seller may accept the next highest available offer at the sale. Such defaulting highest
    bidder shall be liable personally for any deficiency resulting from the resale of the
    property it purchased at a lower price as well as for all costs, expenses, and attorneys’
    fees in connection with such resale.  The forfeiture of such deposit shall not limit any
    rights or remedies of Seller with respect to any such default. Any successful Bidder who
    fails to submit an executed Purchase Contract, fails to make any required earnest
    money deposit, or fails to close in a timely manner may also be prohibited from bidding
    on future auctions conducted by Dudley Auctions.

     
    Deposit: $2,500.00 deposit is to be paid by credit card immediately at the end of the
    auction sale, and balance of 10% of the high bid is to be paid within three (3) business
    days of the date of this agreement, by cashier’s check or bank wire. The sum of which
    shall be applied to the purchase price upon compliance by Purchaser(s) with the
    Agreement. Dudley Auctions shall hold the Buyer’s Deposit in an interest-bearing
    escrow account with all interest accruing to the benefit of escrow agent.

    Due Diligence: It is the sole responsibility of the each Bidder to inspect the property;
    review the information documents relating to the property; assess the accuracy and
    completeness of the information contained in the Sale Brochure and any such other
    documents; and independently verify and confirm any estimates, projections, or
    assumptions relating thereto, none of which may be considered to be guaranties.
    Bidders are independently responsible for completing Due Diligence to their own
    satisfaction. By agreeing to these terms and conditions, the bidder represents that they
    have done so. Registered Bidders are aware of and agree to that the sale pursuant to
    this auction event is being made on an “as-is, where-is” basis, with no representations or
    warranties of any kind, expressed or implied, by the Seller and/or Dudley Auctions. 
     
    Dudley Auctions is not the owner of these assets, instead is contractually engaged for
    the sale of these assets on behalf of the owner (s). These assets are not advertised or
    being sold Absolute. Dudley Auctions reserves the right to bid on behalf of the owner
    (s), up to the amount of the reserve.
     
    All Bidders have the sole and exclusive responsibility to select and consult with any and
    all professional advisors in determining whether to place a bid at this auction event. All
    Bidders acknowledge that they have relied exclusively on their own investigation and
    determinations and the advice or their own professional advisors, and expressly
    represent that they have not relied upon any information provided by the Seller or Dudley
    Auctions in any way. 

    Earnest Money Deposit: If you are the successful bidder, you may be required to provide
    an additional deposit in the form of a cashier’s check, wire transfer or credit card, within
    24 hours or as specified by Dudley Auctions at the conclusion of the auction event. The
    deposit is to be held by the Dudley Auctions or a designated escrow agent. 
     
    Extended Bidding Time: This auction event is scheduled to begin on the “Starting Date
    and Time” and tentatively end on the “Scheduled Ending Date and Time” that are listed
    on the Dudley Auctions website. If a bid is received during the last two (2) minutes before the Scheduled Ending Date and Time, an automatic extension feature in the
    online-bidding platform will extend the Scheduled Ending Date and Time and keep the
    auction event open for an additional two (2) minutes beyond the time that the last bid
    was received. This process will repeat every time a subsequent bid is received until the
    extension period has expired with no additional bids. 
     
    For example, if the extension period specified by the Dudley Auctions is 2 minutes, and
    the scheduled ending time is 4 PM but a bid is placed at 3:59 PM, the auction event
    would automatically extend by 2 minutes and the auction event would close at 4:01 PM
    if no additional bids are placed during the extension time. 
    Highest Bid Acceptance: All offers are subject to review and approval by the Seller. 
    Dudley Auctions will inform the highest bidder once the highest bid has been
    considered. Dudley Auctions reserves the right to accept the highest or best offer in the
    event this is not the same offer.
     
    Inspection: The property is being sold “where is,” “as is,” “with all faults,” with no
    representations or warranties except for the general warranty to be included in the deed
    to the real property. All property descriptions and due diligence documents are provided
    by Dudley Auctions as a service to customers and do not constitute a warranty, either
    expressed or implied. All bidders are responsible for inspection of property and by
    making a bid(s) on the property are deemed to have so inspected the property to their
    satisfaction.  Placing a bid, whether in-person, by agent, through the online bidding
    platform, or any other means, constitutes an agreement by participant to these
    conditions of sale. Dudley Auctions assumes no liability for errors or omissions in this
    or any other property listing or advertising or promotional/publicity statements and
    materials.

    Maximum Bid: Registered Bidders will have the ability to submit a maximum bid amount
    (often called a “Max Bid”) through the online bid platform and to direct that our website
    bid on such bidder’s behalf in scheduled increments until the maximum amount
    identified by the bidder has been reached. If a Max Bid in the same amount as was
    previously authorized by another bidder’s max bid, the other bidder’s max bid as
    previously entered will be deemed to be the prevailing bid at that amount. In the event
    that there should be any dispute among bidders with regard to the identity or amount of
    the high bid, Dudley Auctions reserves the right to reopen bidding and may, in
    conjunction with such reopening of the bidding, designate one of the bidders as the
    “High Bidder” at the sole discretion of Dudley Auctions. All decisions by Dudley Auctions
    shall be final. 

    Megan’s Law Disclosure: All interested bidders are solely responsible for conducting
    any investigation regarding registered sexual offenders prior to bidding and should
    exercise whatever due diligence they deem necessary with respect to information on
    registered sexual offenders who might live near a property being offered for sale.  Such
    information may be obtained by contacting your local police department or the
    Department of State Police.

    Registration: In order to register and place bids for this auction event, all interested
    bidders will be required to register on the Dudley Auctions
    website, www.dudleyauctions.com. All Bidders registering for this auction event must
    be at least eighteen (18) years of age and must be eligible to bid at the sole discretion
    of Dudley Auctions, based on any past experiences with the registered bidder or
    otherwise. Registered Bidders may also be subject to verification through credit card
    information in the registration process through a third party service to verify the credit
    card has the appropriate funds necessary to register for this auction event.

    If a prospective Bidder has been approved to bid at the auction event, the approved
    Bidder will receive email notification that they have been approved to bid at the auction
    event. Bidding rights are not absolute, and all registrations, even if successfully verified
    by credit card as described above, are subject to manual verification at any time by
    Dudley Auctions. Dudley Auctions also reserves the right to suspend or terminate any
    Bidder’s registration this auction at any time. 

    Technical Problems: Dudley Auctions has made reasonable efforts to provide for online
    bidding for this auction event. All registered Bidders recognize and acknowledge,
    however, that technical problems with hardware, software, or internet connectivity,
    as well as human errors, may arise and may affect, without limitation, the Dudley
    Auctions website, the online bidding program and process, or internet service and
    access, and the registered Bidder’s connection to this auction event bidding program
    and process. 

    All registered Bidders further acknowledge that these and other technical problems may
    develop at any time with or without notice. All registered Bidders acknowledge and
    agree that neither Dudley Auctions nor the Seller are in any way responsible for any such
    technical problems, and that registered Bidders have no absolute or other right to be
    able to bid on this auction in the event of any such technical problems. 
    Notwithstanding the foregoing, all registered Bidders further acknowledge and agree
    that, in the event of any such technical problems, Dudley Auctions reserves the right to
    postpone or cancel the auction event and/or extend the bidding time for this auction
    event and/or schedule another auction event for the property, in the sole discretion of
    Dudley Auctions, and that any decision with regard to any such actions is and will be
    final. 

    Terms Specific to This Auction Event: As noted above, Dudley Auctions may provide
    Additional Terms and Conditions that are specific to this auction event or the property
    or properties being sold at this auction event. Such Additional Terms and Conditions
    may, but shall not necessarily be required to, relate to the following provisions, among
    others: extended bidding time; and bid increments.