Lot # : 1 - Home, Log Cabin & Old Country Store for Sale

Ends Thursday December 12th, at 3 PM

Are you searching for your dream mountain get away? You don’t want to miss this property in Bedford, VA! This property is being sold through an online auction. Property is in 3 tax parcels but is being offered as 1 offering. Property features +/- 22.7 acres with a large home, an authentic country store circa 1892, log cabin built around 1760, and bold creek frontage on Gunstock and Overstreet Creek. Property being offered is on both sides of Wheats Valley Road. The main home, log home, and studio are located on +/- 8.7 acres having frontage on Wheats Valley Road to the North and Colton’s Mill Road on the East. There is a beautiful walking nature trail along the creek where you can find a variety of wildlife, waterfalls, and forest. The country store and miscellaneous farm buildings are located across Wheats Valley Road to the North with frontage on Gunstock Creek Road to the East. Online Auction Ends Thursday December 12th, at 3 PM 1018 Wheats Valley Rd., Bedford, VA 24523 1004 Gunstock Creek Rd., Bedford, VA 24523 Main Home - This custom-built country home features over 4,900 sq ft of total living space. The main home has 2 levels, with a total of 3 bedrooms and 4.5 baths. This 2008 home is in very good condition and has undergone many recent upgrades. On the main level, you will find the master bedroom, 2.5 baths and 2,547 sq ft. The kitchen has new quartz countertops, a gas range, side-by-side refrigerator and dual oven. Off the kitchen is a +/- 550 sq ft Trex deck. The octagon sitting area that overlooks the creek is perfect for entertaining or simply taking in the views. Enjoy the spacious feel with 10ft ceilings throughout the home. The great room has 19 ft ceilings and a gas fireplace. The master bedroom has newly installed laminate hardwood floors and his and her large walk-in closets. In addition, there is a large craft room/studio and library on this level, with a covered porch. The lower level has a total of 2,414 sq ft of space with approximately 1,993 of finished square footage. The finished area consists of 2 bedrooms, 2 baths, a recreational room, home gym and family room. The ceilings are all 9ft in the lower level. The +/- 421 sq ft unfinished basement area is great for storage or a tool/work room. Outside of the unfinished basement area, is a 380 sq ft patio which is a great place to relax. Off the basement there is an attached 2 car garage. The home is complete with drywall walls, newly installed laminate flooring, ceramic tile, a 3-zone electric heat pump system and woodstove. It has pre-finished Hardie board siding, shingle roof, and private septic system. Log Guest Home, Circa 1760 - There is a detached Circa 1760 log cabin joined to the main home by a deck. It features charm and appeal and has 748 sq ft on 1.5 levels with 1 bedroom and 1 bath. The main level has a living room, full bath and kitchen. The kitchen is complete with a range and refrigerator. The new split HVAC unit insures comfort year-round, as well as the wood stove for the winter months. Cabin features exposed beams and hardwood floors. In the bathroom you will find ceramic tile. The upper loft area, which serves as the bedroom, has carpet flooring. The exterior of the cabin is log and it has a shingle roof. Enjoy relaxing on the covered front porch. Cabin is ideal for a guest suite or caretaker home. Studio/Workshop - Outside of the home there is a studio/workshop with +/- 1,448 sq ft of space and has electricity and water. The turret section of the building has a loft sitting area above. The studio is complete with a concrete foundation and cinderblock walls. New roof, windows and siding were added within the year. This one-of-a-kind home, log cabin and workshop sitting on +/- 8.7 acres with 3/10 of a mile of frontage on Gunstock Creek and Overstreet Creek. These bold creeks have amazing cascades and large boulders. The superb country and recreational setting’s main entrance is off Colton’s Mill Road by bridge over Gunstock Creek. Gunstock Creek and Overstreet Creek merge just below the home. There is a large platform deck and walking bridge across the creek for access to a forested area that has several hundred feet of creek frontage with a walking trail. This has been the setting of several pro bono weddings, dances, and other events. Country Store, Circa 1892 with Upper Level Apartment - Across the road, you will find the country store. This former country store features a total of 1,944 sq ft of space. The main level of the store has +/- 816 sq ft with the original floors, shelving and ceiling. There is a storage area added and a bath roughed in. The 2nd and 3rd floors of the country store have been converted to living space. The 2nd floor features +/- 816 sq ft with a bedroom, bath, living room, kitchen and laundry area. Within the living space you will find hardwood flooring and ceramic tile. The 3rd level is a +/- 312 sq ft loft/bedroom with carpet flooring. The exterior of the store features a rock foundation, metal roof and vinyl siding. It is served by a heat pump, 2-bedroom septic system, and shared well with main home and log cabin. The country store sits on +/- 14 acres of land. The acreage boasts views of the countryside and farmland, many rock formations and wooded areas. There are multiple ideal buildings sites and a small, spring fed creek that runs the lengths of the property. You will also find several outbuildings which include a machine shed, caboose, barn, and chicken coop. These buildings add rustic character and are ideal storage for farm equipment, hay, or livestock. PREVIEW DATES: Friday, November 15th at 4 PM and Saturday, November 23rd at 11 AM CONTACT: Auctioneer Matt Gallimore at 540-239-2585 or email Gallimore.Matt@gmail.com. DIRECTIONS: From Roanoke VA, 40 miles / 52 minutes. Route 460 to Bedford VA. Left on Longwood Ave. Hwy/43/122. Left to stay on Longwood Ave / Hwy 122 which turns into Big Island Highway. Left on Colton’s Mill Road. Property on left just before Wheats Valley Road. Property has frontage on Colton’s Mill Road and Wheats Valley Road. Property is on both sides of Wheats Valley Road. From Bedford VA, 12 miles / 20 minutes. West Main Street to Longwood Ave. Hwy/43/122. Left to stay on Longwood Ave / Hwy 122 which turns into Big Island Highway. Left on Colton’s Mill Road. Property on left just before Wheats Valley Road. Property has frontage on Colton’s Mill Road and Wheats Valley Road. Property is on both sides of Wheats Valley Road. BIDDER PACK: Download Bidder Pack for complete information. Bidder Pack has maps, complete terms and conditions, sample contracts, tax cards, and restrictions. Some of the plats in Bidder Pack may have notations and boundaries created by Auctioneer for illustration purposes, however unchanged surveys are in Bidder Pack as well. SOFT CLOSE: If a bid is received within the last 2 minutes of the auction or after 3 PM, the auction close time will automatically extend 2 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates “snipers” and encourages fair and impartial bidding from all participants. BUYER’S PREMIUM – TEN PERCENT (10%): Buyer’s Premium shall be added to the final online bid, which will determine the Total Contract Sales Price. Bidders hereby acknowledge and understand that the Buyer’s Premium will be added to the winning bid to create the Total Contract Sales Price for which they are obligated to pay for the property. Example: (winning online bid $100,000 + 10% buyer’s premium = total purchase price of $110,000). Buyer’s Premium is not due until closing. PRE-AUCTION SALES: As an agent for the Seller, the Auctioneer must present any and all bona fide written offers to the Seller, which may be created outside of the online bidding platform. Therefore, all property is subject to pre-auction sales. Pre-auction offers must meet all off the auction terms and conditions and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required earnest deposit. Properly submitted offers will be presented to the Seller in a timely manner. Seller may accept or reject such offer at their sole and absolute discretion. When a pre-auction offer is submitted, all properly registered online bidders will be notified that “an offer” has been submitted, however the amount of the offer shall remain confidential. All pre-auction offers must allow a minimum of 24 hours for seller’s acceptance. A Referral Fee of 2% of the high bid is offered to a cooperating VA State Licensed Real Estate Salesperson/Broker on any pre-auction offers that are properly completed and submitted on the appropriate forms provided. Download Bidder Pack for Online Bidder’s Agreement, maps, sample contracts, and property information. TERMS AND CONDITIONS: 10% Buyer’s Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $20,000 is required on the day of sale. Close on or before January 27th, 2025. Subject to seller confirmation. Property sold as is, where is with any and all faults. Buyer is expected to complete their own due diligence before placing a bid. Auction starts ending at 3 PM on December 12th, 2024. Please note that during the last two minutes of bidding, if a new bid is placed, the clock is automatically extended an additional two minutes. Be sure to register to bid early to ensure you receive notifications regarding any changes to the Auction, Bidder Packet and/or Pre-Auction offers received. Download Bidder Information Pack for complete terms and conditions, purchase contract and maps at VAAuctionPro.com