State Surplus - Waterfront Cottage - Reserve $250K Lancaster, VA

State Surplus - Waterfront Cottage - Reserve $250K

• Cute Cottage on Quiet Mulberry Creek
• Detached 2-car Garage
• Shallow water leads to Rappahannock for canoes, kayaks, paddleboard
• 5 min to Morattico, 20 min to Kilmarnock for fine dining, wineries, shopping

Bid online for this wonderful chance to be waterfront at an affordable price! Originally bought by the Commonwealth of Virginia's Conservation & Recreation Department, it is now surplus property available to the public. Huge lawn area, peaceful surroundings.

3 br/ 1 1/2 baths, 1,210 SF on +/- 0.88 acre
Built 1974
Private well, septic
Heat pump

Parcel ID#: 12-33C
2021 Tax Assessment: $271,400
2021 Annual Taxes: $1,710


Please be sure to download the Property Information Package by clicking on the words above under “DOCUMENTS.” By downloading this package you will alert Tranzon to your interest in this property and you will receive emails with any updates on this auction. The package contains information needed to participate in bidding at auction.

VAAF423

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Linda Terry

Linda Terry: Tranzon Fox

804-354-9090 lterry@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

Print Terms and Conditions

• Buyer's Premium: 8% Buyers Premium based on the high bid.
• Closing: 40-Day closing, sold in As-Is condition, no contingencies.
• Deposit Amount: High bidder is required to execute a Contract for Sale and Purchase of Real Estate and remit to Tranzon by close of business the day of the auction. A 10% deposit is due within 48 hours of being notified that you are the successful high bidder.
• 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.