Real Estate Auction - Tazewell County, Virginia

Real Estate Auction | Tazewell County, Virginia

Property Overview:

+/-122.36 acres of open farmland in Tazewell County VA. Located on Barnes Lane off Route # 61 / East Riverside Drive.

The property has three barns, a brick-and-stone silo, multiple sheds, and outbuildings suitable for equipment and livestock. Fully fenced. Former dairy operation and currently used for cattle grazing.

The land has moderate topography with open fields, pasture, good building sites, and long-range views of the Blue Ridge Mountains. Suitable for continued agricultural use or private farm ownership.

Approximately 11 acres on the western portion of the property are within the Town of Tazewell limits. The interactive map link below shows town limits, aerial imagery, and property boundaries.

Property Features:

• ±122.36 acres of open farmland
• Three barns and brick-and-stone silo
• Multiple sheds and outbuildings
• Fully fenced
• Former dairy farm: currently cattle pasture
• Moderate topography
• Good building sites
• Blue Ridge Mountain views
• Portion located within Town of Tazewell

Important Property Information:

• Road Maintenance Agreement: Property access is via a 50-foot right-of-way from Route # 61 (East Riverside Drive) and is subject to a Road Maintenance Agreement. Purchaser acknowledges review and agrees the agreement will be executed and recorded at closing.
• Right-of-Way: A 15-foot shared right-of-way runs along the western boundary near the barns and provides access to the upper portion of the property. Shared with the neighboring property at 319 Barnes Lane.
• Water Source: Concrete water trough is supplied by a spring located on adjoining property. No water or spring rights will convey.
• Land Use Assessment: Property is currently taxed under land use assessment. Purchaser is responsible for applying for continuation and for any rollback taxes if disqualified or not filed. 122.36 acres being sold is currently in land use taxation. When a property is in land use, real estate taxes are discounted. According to Tazewell County, the current annual real estate tax amount under land use is $337.56. The purchase contract states that the new owner will either keep property in land use, or pay the rollback taxes if taken out of land use. The estimated rollback tax if taken out of land use is $7,800 according to Tazewell County.

Online Auction Ends Wednesday, March 11th at 4 PM
230 Barnes Ln., North Tazewell, VA 24630

Click Here for Bidder Packet
Click Here for Interactive Map
Click Here for Property Video

CONTACT: Auctioneer Matt Gallimore at 540-239-2585 or email Gallimore.Matt@gmail.com. You can also contact Realtor Bill Cordle (276) 701-3446 or email billcordle1@gmail.com

DIRECTIONS: From Tazewell, take Route 16 S to Route # 61 (East Riverside Dr). Turn left on Route # 61, then right on Barnes Ln. Property ahead. 230 Barnes Lane, North Tazewell 24630

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 4 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 properties are 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 and on which specific property, 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 & CONDITIONS: 10% Buyer’s Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $10,000 is required on the day of sale. Close on or before April 27th, 2026. 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 4 PM on March 11th, 2026. 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.