Trustee Sale - c1922 Tudor Homeplace w/B&B Option
About the Property
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What a privilege it is to offer this stunning historic enclave for sale! Drive through the gates of this estate home in the Suffolk Historic District, and forget you are in an urban location!
This "cottage" was built in 1922 by Colonel John Beauregard Pinner, Esq. for his son and daughter in law. Col. Pinner was Founder and President of the Suffolk Peanut Company and a vocal advocate for the peanut industry; google him and you can read papers of his appearance before the Senate Finance Committee pleading for higher tarriffs on peanut imports from China; he was a member of the Virginia State Committee of the YMCA, and aligned with the Mayor of Suffolk in 1886 in a request for funding for the river to sustain and enable commerce in Suffolk.
The "cottage" stands next door to his larger, more impressive home on the corner, today occupied by a professional photographer and his family, with studio and showroom on the main level. With an owner/occupied home and professional photography studio next door, uses for this property are limited only by your imagination (and the District's endorsement, of course.) The restored carriage house allows for a separate workplace. An owner-occupied law office, insurance, therapy or other professional services, artist's studio and showroom, bed & breakfast, family home, Air BNB, wedding planner and venue could all be options - the bidders will decide.
The current owners have lived here since 1982 and raised 3 children in this home. This home was on the 2006 Historic Garden Tour, and various Suffolk Historic Christmas tours.
NOTE: Seller financing is available, with 25% down, 30 yr amortization, 5% APR and 3 year balloon.
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10% Buyers Premium based on the high bid.
45-Day closing, sold in As-Is condition, no contingencies.
- Deposit Amount:
Minimum deposit of $25,000 in guaranteed funds, with 10% due within 48 hours.
- Broker Co-op:
2% of the high bid will be paid to a properly registered broker at settlement.
- Agency Disclosure: The member company acting as auctioneer/agent
is an agent for the seller only.
- Disclaimer: Information contained herein is believed to be correct
to the best of auctioneer/agent's knowledge but is subject to inspection and verification
by all parties relying on it. Sellers, their representatives and auctioneer/agent
shall not be liable for inaccuracies, errors, or omissions. All square footage and
other dimensions are approximate. This offering is subject to prior sale and may
be withdrawn, modified or cancelled at any time without notice.