Telephone: (276) 546-4650
or Toll Free 1-866-FANNONS
Fax: (276) 546-6577
Email:
info@fannonrealestate.com

Fannon Land And Auction Company
                                            42115 East Morgan Avenue, Pennington Gap, Virginia 24277

COURT ORDERED
AUCTION
542 ACRES - 4 ON-SITE AUCTIONS - SAME DAY
Saturday, May 21, 2016

AUCTION NO. 1 - 10:00 A.M.
507 Acres Valuable Mature Timber Ready To Harvest

Located Between Norton And Coeburn
In The Tacoma Community Of Wise County, VA

 DIRECTIONS: Turn Off On 58A (Norton/Coeburn Road)
At The Tacoma Traffic Light Onto Stone Mountain Road, Go 1 Mile To Property Entrance. Watch For Auction Signs.

  

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Seldom Will You Find A 500 Acre Timber Boundary Of This Size, Type And Quality
With A Good Balance Of Mixed Hardwoods And Poplar (Many 40’ To The First Limb - Tall And Straight)

This Tract, Has Gentle Slopes And Good Contour And Many Interior Roads Already In Place
Plus 3,000’ Of Frontage On Both Sides Of Stone Mountain Road Providing Easy Access For Harvest.

ADDED POTENTIAL
After Timber Is Harvested  And Remainder Is Chipped It Could Be Seeded And Become A Grassland,
Cattle Grazing Farm With Enough Area To Summer Graze (April To October)
300 to 400 Steers Providing Additional Future Income.

SPORTSMAN’S PARADISE
This Property Would Make A Great Hunting Preserve With An Abundance Of Deer, Wild Turkey,
And Other Small Game. Multiple Springs Feed A Mountain Stream That Flows Through The Property
Creating A Natural Habitat For Game. It’s Natural Undisturbed Beauty Makes You Think You Have
Stepped Back In Time 100 Years. It Truly Has Unlimited Potential. Well Located In Beautiful Southwest Virginia,
Only 1 Hour Drive (All 4-Lane Highway) From Kingsport, Tri-Cities Area.





AUCTION NO. 2 - 11:30 A.M.


6.8 Acre Woodland Tract Adjoining  Morgan-McClure Chevrolet Property
Fronting On US 58A (Norton/Coeburn Road). Watch For Signs.

AUCTION NO. 3 - 1:00 P.M.

28 Acres Woodland Fronting On State Route 651 (Bull Hill Road)

DIRECTIONS: 1/2 Mile West Of Dominion Power Virginia City Hybrid Energy Center,
Turn Onto St. Rte. 651 (Bull Hill Road) At Stallard Memorial Freewill Baptist Church,
Go 1 Mile To Auction Site. Watch For Signs. Property Located On The Left

AUCTION NO. 4 - 2:00 P.M.

Four Lots To Be Sold From One Location
Henry Street, Appalachia, Virginia. Watch For Signs.

TERMS: 10% Of Purchase Price Sale Day, Balance With Deed At Closing.
Cash Or Good Check With Driver's License No.
Out Of State Checks Must Be Accompanied By
A Bank Letter Of Credit Guaranteeing Funds.


5% BUYER'S PREMIUM WILL BE ADDED
TO THE HIGH BID TO DETERMINE THE FINAL SELLING PRICE OF REAL ESTATE.

AUCTION CONDUCTED FOR SPECIAL COMMISSIONERS,
JEFF STURGILL AND BILL BRADSHAW, ATTORNEYS






FANNON LAND & AUCTION CO., INC.
42115 East Morgan Avenue, Pennington Gap, VA  *  Phone (276) 546-4650
Licensed Brokers And Auctioneers In VA, KY, TN
Firm Reg. No. 33   *   VA Auctioneers License No. 179 
When Experience Counts, Count On Experience   *   "Selling At Auction Since 1948"
David Fannon, Auctioneer