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402 Wilson Street, Franklin, VA 23851

Bank Owned Active
3 Beds
2.5 Bath
1,544 ft2
0.13 ac
Listing Image
Property Location
402 Wilson St
Franklin, VA 23851
Property Details
Property ID
10549266
Property Type
Residential
Status
Successful
Sub Type
Single-Family
Beds
3
Bath
2.5
Living Space
1,544 sq ft
Lot Size
0.13 ac
YearBuilt
1958
Occupancy
Vacant
County
Southampton
Description

This property presents a promising opportunity for renovation enthusiasts.  Situated on a desirable corner lot, this home features three bedrooms and two and a half bathrooms. The efficient layout includes a combined living room and kitchen area, boasting ample cabinet and counter space. Additionally, there is a separate dining room and a spacious den, perfect for family gatherings.  A convenient utility room and half bath complete the first floor. Upstairs, the primary bedroom is complemented by two additional bedrooms and a full bathroom. Exterior amenities include off-street parking and a storage shed.  This home is offered in its current condition, "AS IS WHERE IS," with no repairs to be made by the seller. Ideal for those looking to customize their next home.  

 

Starting Bid: $55,000.00

Auction Ends: Wednesday, September 11th  

Auction Disclaimers

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Property Disclosures
  • Properties are sold in “AS IS, WHERE IS” condition without warranties.  Any contingencies are at the sole discretion of the Seller.
  • There are no inspection, financing, or appraisal contingencies.
  • The utilities to this property are currently disconnected. Utilities cannot be turned on prior to closing, regardless of inspections or appraisals.   Buyer is responsible for utility transfer post-closing.
  • The seller may choose to negotiate with bidders even if the reserve price isn't met.
  • The Earnest Money Deposit will be 1% of the Total Purchase Price or a minimum of $1,000, whichever is greater.
  • Buyer's Premium: Greater of 5.0% of bid amount, or $1,500 (Buyer Pays at Closing).
  • Buyer's Agent Commission: Either 3% of the Purchase Price or $1,250, whichever is greater.
  • Buyer is responsible for all closing costs at the buyer’s sole expense including tax stamps, transfer taxes. 
  • It is the buyer's responsibility to independently verify all property information and performing inspections before making an offer. 
  • Title will be conveyed to the buyer via Quitclaim Deed or its equivalent and with no express or implied warranties of title.  The buyer may purchase title insurance at their own cost. 
  • Buyers will need to show Proof of Funds/Pre-Approval Letter within 24 hours of winning the bid.    
    • Pre-Approval Letter must be enough to cover both your Earnest Money Deposit and down payment.   
    • Proof of Funds Documentation can include bank statements, brokerage accounts, a line of credit or any funds that are immediately available.
  • The property information and any photographs provided here are for reference only and are not guaranteed to be an accurate or recent depiction of the property. All information displayed is for marketing purposes only.
  • Please contact the listing agent directly with questions or inquiries regarding this property.

Special Note: This property is owned by the USDA – subcategory Non-Program

  • Sold Winning Bid: $101,000
  • 44 Bid(s)
  • High Bidder: S*********************m
Documents
The following documents are available:
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Listed By

Listing Agent: Cindy Brooks

Contact Information:

Brokerage: KBL Companies LLC t/a KBL Real Estate

 

Auctioneer: Trevor Hall

Auctioneer License #: VA #2907004278