BANKRUPTCY AUCTION- Bristol, VA 239 Acres and Home Tuesday, July 28, 2015 Time: 12 NOON 4113 Little Wolf Run Bristol, VA 24202 Office: Knoxville Agent: Kenny Phillips BANKRUPTCY AUCTION- Bristol, VA 239 Acres and Home BANKRUPTCY REAL ESTATE AUCTION Case # 15-50601 Bristol, VA Home and Approx. 239 Acres Washington County, VA 4113 Little Wolf Run Road Bristol, VA 24202 Tuesday, July 28th at 12 NOON LIVE ONSITE To Be Sold By the Attached Descriptions (Acreage is not Guaranteed) Trustee May Elect to Withdraw A Tract Or Offer in Groups Or Entirety *****NOTE: Bankruptcy Trustee will not Provide Current Survey. If Survey is needed to obtain financing, it is the BUYER'S RESPONSIBILITY!!!!!***** Parcel/ Tax ID: 096 A 12A; 096 A 13; 096 A 14 Beautiful Acreage with Fields, Creek Frontage and Woods TRACT 1: Approx. 59.289 Acres BEGINNING at a spike in the center of Virginia Secondary Highway No. 616, corner to McCracken; thence leaving said highway and with the lines of McCracken N 37 45 E 503.67 feet to a 48-inch black oak, N 20 31 07 E 156.28 feet to a 24-inch black oak on top of a ridge, N 28 06 58 W 598.39 feet to an 18-inch white oak, N 62 52 18 W 381.66 feet to an oak stump, N 46 06 35 W 426.46 feet to a 15-inch black oak on spur, N 38 10 33 W 1073.71 feet to a spike in a fence line, corner to Barker; thence with the Barker line N 29 47 52 W 340.06 feet to a post on top of the ridge, corner to McFaddin; thence with the lines of McFaddin, N 60 55 19 E 184.81 feet to a 10-inch locust snag N 15 51 16 E 246.70 feet to a cedar on top of ridge, N 85 59 32 E 217.54 feet to an iron pin, corner to the 118.579 acre tract conveyed to Gardner and Neal; thence with the line Gardner and Neal S 41 51 11 E 3421.75 feet to a point in the center of Virginia Secondary highway No. 616; thence with the center of said highway, S 18 50 12 W 194.20 feet, S 51 20 55 W 190.72 feet, S 62 16 50 W 175.75 feet, S 54 29 38 W 191.32 feet, S 63 20 06 W 128.10 feet, S 76 55 46 324.63 feet, N 83 25 46 W 104.73 feet, N 67 05 12 W 175.24 feet, N 57 18 25 W 132.41 feet to the BEGINNING, containing 59.289 acres, more or less; And being the same property conveyed to William D. McCracken, Jr., by Deed of Gift dated June 16, 2003 from Mary Inez McCracken of record in Instrument #000038891. TRACT 2: Approx. 161.25 Acres The following two certain tracts or parcels of land situate on both sides of Abrams Creek, Washington County, bounded and described as follows: FIRST TRACT: BEGINNING at a large walnut on the south side of the creek, below the railroad bridge; thence due N 12 poles to a cedar stump; thence N 30 E 2 poles to the creek; thence down the creek, as it meanders, N 81 W 52 poles to a small sycamore on the margin of the creek; thence N 54 W 44 poles to a small sycamore; thence, N 77 W 8 poles and 15 links to a point opposite a large sycamore; thence S 31.5 W passing under the railroad bridge 24 poles to a large rock at the bend of the creek; thence due W 11 poles to a point opposite a house; thence N 48 W 25 poles to Ellington’s old line (now Fleenor’s); thence with his lines S 28 W 5 poles and 15 links to a planted rock on the side of a hill; thence N 40 W 30 poles to a large poplar stump on the side of the hill; thence S 84 W crossing the knob 60 poles to the margin of the river on the old railroad bed; thence up the hill S 18 E 26 poles to birch stump near the top of the hill; thence with Craig Hobbs line N 45 E 18 poles to a large white oak on top of the ridge; thence S 33 E 38 poles to a small dogwood; thence S 30 E 48 poles to a dogwood; thence S 62 W 24 poles to a large white oak; thence S 35 E 29 poles to a small hickory near the top of a ridge; thence new lines along the top of the ridge; N 67 ½ E 46 poles to a planted stone; N 46 ½ E 38 poles to a red oak bush, N 77-1.2 E 15 poles to a walnut on top of a ridge, N 42-1.2 E 41 poles to a locust and thence N 67-1.2 E 60 poles to the BEGINNING, containing 130- ½ acres, more or less, it being understood and agreed, however, that this land is sold and conveyed by the boundary and not by the acre. But there is expected from the above description a small parcel on the knob adjoining the river which was conveyed by W.H. Vicars and Alice Vicars to Mattie Statzer. LOT NO. 1 SECOND TRACT (THIRD TRACT FROM DEED): BEGINNING at Doc Fleenor’s corner white oak stump on top of the cedar bluff; thence a new line with Lot No. 3 S 27 E 34 poles to L.P. Kaylor’s corner, white oak, N 84 W 13 poles to a cedar, N 80 W 36 poles to the creek; thence down the creek as it meanders, N 81 W 52 poles to a small sycamore, N 54 W 44 poles, N 77 W 8 poles, S 31- ½ W 24 poles, due W 11 poles, N 48 W 25 poles to Fleenor’s line and with it N 25 E crossing the railroad 53 poles to a red bud S 57 E 115 poles to a stake N 12 E 32 poles to a locust stump, N 45 E 14 poles to a locust bush, and S 88 E 20 poles to the BEGINNING containing 30- ¾ acres, more or less, it being understood and agreed however that this land is sold and conveyed by the boundary and not by the acre. TRACT 3: Approx. 18.65 Acres with Home 2 Bedroom and 1 Bath Approx. 1210 SF Built Around 1930 Central HVAC (Currently Not Working) The following tract of land situate at Phillips, Washington County, Virginia bounded and described as follows: BEGINNING on the margin of Little Wolfe Run Creek and running on West side of Canes Valley Road to W.H. and Alice S. Vicars’ line running with same line, 3 poles W to Little Wolfe Run Creek down creek as it meanders back to beginning, containing .15 one and one-half tenths part of an acre, more or less; And being the same property conveyed to William D. McCracken, Jr., by Deed of Gift dated June 16, 2003 from Mary Inez McCracken of record in Instrument #000038891. SECOND TRACT: BEGINNING at a cedar on the south bank of said creek; thence N 33 E 43 ½ poles to a cedar on top of the ridge known as cedar ridge; thence with the top of said ridge S 76 E 12 poles to a cedar; thence S 84 E 13 poles to a white oak; thence S 29- ½ E 36 poles to a small black oak; thence S 8 W 12 poles to the top of a cliff; thence S 41- ½ W 35 poles to Little Wolfe Run Creek; thence down the same as it meanders N 52 W 32 poles to a sycamore on the margin of said creek; thence N 42 E 3 poles to the middle of the road; thence N 48 W 17- ½ poles crossing Abrams Creek to a walnut tree; thence N 2 W 12 poles to the BEGINNING containing eighteen and one-half (18- ½) acres, be the same more or less, it being understood and agreed however, that this land is sold and conveyed by the boundary and not by the acre. TERMS: The successful high bidder on this property will be required to sign the Real Estate Purchase Agreement immediately upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the total sales price. A ten percent (10%) buyer’s premium will be added to the high bid to establish the total sales price. Sale is Subject to Court Approval. The balance is to be paid in full at deed closing within 20 (TWENTY) days, after Court Approval. No Extensions. Buyer is to obtain his/her own financing. The contract will not be contingent upon financing. Property to be Transferred with a Trustees Deed ONLY. Seller will provide Trustees Deed ONLY. Title Opinion, Title Insurance, Document Recording & ALL CLOSING COST will be the Responsibility of the Buyer. Buyer is Responsible for ALL Property Taxes Current, Delinquent, fees & any penalties. Buyer is responsible for ALL HOA fees, Transfer fees, Membership fees if applicable. Evergreen Title & Closing LLC will conduct ALL Closings. All properties are sold "AS IS, WHERE IS and WITH ALL FAULTS" with no financing, inspection or other contingencies to sale. Auctioneer represents the seller only and does not inspect properties on Bidder's behalf. All Measurements are from tax records and are approximate and not guaranteed. Tennessee Residential Property Exemption will be a part of the sales contract. DIRECTIONS: Take I-81 Exit #1 onto US-421 toward Gate City, US-58W. Turn Left onto Gate City Highway to Right onto State Highway 631. Turn Right onto Rich Valley Road. Turn Left onto Livingston Creek Road. Bear Right on Phillips Road to Right onto Little Wolf Run Road. Property will be on the Left. Look for the Auction Signs!!! Important Information 096 A 12A-CRS Report 096 A 13-CRS Report 096 A 14-CRS Report Property Map