Details
Rarely does a property offer this combination of size, location, and upside potential. Welcome to 7600 Millcreek Drive, a 4-bedroom, 3-bathroom home spanning 2,584 square feet, set on an expansive 0.40-acre lot in the heart of North Chesterfield's coveted 23235 zip code.
The Opportunity Selling as part of an estate, this home is being offered AS-IS. With a 2025 county assessment of $418,400 and comparable homes on Millcreek Drive and throughout the 23235 corridor selling between $400,000 and $490,000, the math is compelling. The 23235 housing market is highly competitive, with homes selling for about 4% above list price and going pending in around 9 days.
The Location North Chesterfield is a suburban neighborhood about 12 miles from Downtown Richmond, giving residents easy access to theater, acclaimed restaurants, live music, and universities while staying comfortably removed from city noise. The 23235 zip code is characterized by a strong sense of quiet and offers easy access to numerous public and private schools, more than 100 restaurants and coffee shops, convenient parking, and nearby green spaces including Providence Athletic Complex and Huguenot Park. Commuters will appreciate the area's connectivity, with quick access to Chippenham Parkway, Route 360, and other major corridors that make getting around the Greater Richmond region a breeze. CJW Medical Center serves the zip code, and Chippenham Hospital is just minutes away.
The Schools For families, the school assignment alone makes this address worth competing for. This home is served by A.M. Davis Elementary, Providence Middle School, and Monacan High School, all part of the highly regarded Chesterfield County Public Schools system.
The Investment Case Whether you're a seasoned fix-and-flip investor or a first-time buyer looking to build equity through renovation, 7600 Millcreek Drive checks every box. The bones are solid, the lot is spacious, and the neighborhood commands strong resale values. With an opening bid of $175,000 and comparable renovated homes selling at a significant premium, the spread between acquisition cost and after-renovation value offers a rare chance to build real wealth in one of Richmond's most resilient submarkets.
Auction Terms
- Opening Bid: $175,000
- Buyer's Premium: 10% of High Bid
- Minimum Reserve: $357,500 (inclusive of Buyer's Premium)
- Closing: Within 30 days of auction
- Sold AS-IS — No marketing fee to the Seller
This is the kind of auction opportunity that sells itself.
Terms
TERMS AND CONDITIONS FOR THIS AUCTION EVENT
Summary of Terms and Conditions:
● Buyer’s Premium: 10% Buyers Premium added to the highest bid.
● Deposit Amount: At the Fall of the Hammer, the credit card used to register your
account will be charged the initial deposit or escrow amount of $2500 or 10% of the high
bid, if less than $2500. The remaining balance of the 10% buyer's premium is due within
3 days from the close of the auction; payable by cashier's check or bank wire
● Broker Co-op: Up to 1.5% 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 the
auction event and may be withdrawn, modified, or cancelled at any time without notice.
Full Terms and Conditions:
Bidder Approval: A $0.00 deposit or 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 T ax. 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 the broker/agent representing the highest bidder for the realproperty (cooperating broker/agent fee based on the 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: At the Fall of the Hammer, the credit card used to register your account will be
charged the initial deposit or escrow amount of $2500 or 10% of the high bid, if less than $2500.
The remaining balance of the 10% buyer's premium is due within 3 days from the close of the
auction.
Due Diligence: It is the sole responsibility 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 the inspection of the 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 sexualoffenders 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 T erms and Conditions that are specific to this auction event or the property or
properties being sold at this auction event. Such Additional T erms and Conditions may, but shall
not necessarily be required to, relate to the following provisions, among others: extended
bidding time; and bid increments.
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