ABSOLUTE LIVE ESTATE AUCTION
of the Late Billy A. & Mary W. Riddell’s
261 acres m/l in tracts,
House, Barn & Outbuildings
Saturday, March 17, 2018 at 10:30 a.m.
Stoney Run section of Madison County
DIRECTIONS: From Richmond, turn off of Eastern By-Pass/Hwy 876 near Northside Equipment onto Hwy 388. Go 3/10 mile, turn onto 388 North. Go 6.3 miles to Stoney Run Rd. Go 3 miles to auction.Signs are posted.
TRACT 1 measures 47.9 acres m/l and has approximately 400’ of road frontage along Stoney Run Rd., and has city water available. This tract is primarily cleared pasture land. It offers nice home sites with great views.
TRACT 2 consists of 42.9 acres and has 600’ of frontage on Stoney Run Rd., and city water is available. This tract is also primarily cleared pastureland. It also has some nice building sites. Stock water is provided by 2 ponds.
TRACT 3 consists of 122.5 acres m/l and is primarily cleared pastureland. It has city water available and fronts Stoney Run Rd. 563’ and has easement for access, as well. This is the largest of the tracts and would make a nice cattle operation in itself.Stock water is provided by a creek and 3 ponds.
TRACT 4 contains 23.64 acres m/l and is primarily cleared pastureland.It has 675’ of frontage along Stoney Run Rd, and an access easement. This tract is improved with a 2 story frame & log house. The house has living room with fireplace, 2 bedrooms, large eat-in kitchen, den, bath and utility room on the main floor. Upstairs is 1 large bedroom and another large unfinished bedroom. The house has vinyl siding, metal roof, fuel oil furnace, central air, storm doors & windows, city water, hardwood, carpet & vinyl flooring, and both front & back porches.
In addition to the house, there is a combination stock & hay barn, tobacco barn, hog barn, metal strand storage building w/ electric & concrete floor, and a workshop w/ electric & concrete floor.
TRACT 5 measures approximately 24 acres by deed and is primarily crop and pasture land. It has approximately 695’ of frontage along Stoney Run Rd. It also has city water available and offers several nice home sites. This tract is on the opposite side of the road from other tracts.
AUCTIONEER’S NOTE: If you are looking for a nice farm for cattle, home site w/ a few acres or a historical home that has been updated in a good area of Madison County, then mark your calendars now to attend this absolute live auction, Saturday, March 17th at 10:30 a.m. When combined, tracts 1-4 measure approximately 237 acres m/l and tracts 1-5 measures 261acres m/l.
NOTE: The purchaser of a single-family residence built before 1978 has a maximum of 10 days to inspect the property of lead-based paint. The period for inspection begins August 14th through August 24th. The successful bidder must sign a waiver of the 10-day post sale inspection period.
MULTI-PARCEL AUCTION: The property will be offered in tracts utilizing the multi-parcel method and selling in the manner that reflects the best returns for the sellers. This concept gives each and every prospective buyer the ability to purchase his or her individual tract or combination.
BUYER’S PREMIUM: 10% Buyer’s Premium will be added to the winning bid to determine the final sale price.
TERMS: 20% down due day of sale with balance in 30 days.
Contact Auctioneer Darrell Tate at 859-893-8283.