3312 Merritt Court, Glen Allen Virginia

BIDDING IS OPEN NOW THROUGH THURSDAY, JULY 23rd AT 6PM! ONLY $400,000 STARTING BID, MARKET VALUE IS WELL OVER $625,000!! This immaculate move-in ready 2963 square foot 4 Bed 3 1/2 Bath Glen Allen home is being sold by competitive bidding to settle the family estate.  The family is motivated to sell and this will be an excellent buying opportunity!  This well cared for home is located in the lovely and highly desirable Sheppard’s Way neighborhood near the intersection of Mountain and Woodman Roads in western Henrico County. This original owner home has been updated and maintained nicely through the years and is situated in a beautiful wooded cul-de-sac lot that backs up to the woodlands of the highly rated Crump Park, RF&P sports complex and Meadow Farm museum. Recent updates to the home include a new roof, siding and trim, new water heater and new Carrier dual-zone heat pumps with natural gas backups. Thoroughly inspected by a professional 3rd party home inspection company, the detailed report is available here on our website for your review and study well in advance of the sale. Our finance friendly terms of sale requires no up-front funds required to bid and allows up to 60 days for your closing to occur.  If you are pre-qualified with your lender, the initial deposit is only $5,000 and we guarantee that your lender’s appraisal will meet or exceed your purchase price, or your deposit is 100% refundable. Our simple, open competitive bidding process is somewhat similar to the “multiple offer” process used by many realtors, except that we guarantee a truly open and transparent bidding experience where you will always know the highest offer and will have the opportunity to bid on the property right up to the very minute it is declared sold on Thursday, July 23rd at approximately 6:30pm.  We guarantee that the property will not be sold by any private agreement before that time. The bidding process can be monitored and participated in by simply going to the listing here in our website.  You can place bids online, or come in person to the property when bidding is scheduled to end on Thursday evening, July 23rd at 6pm. Home tours are available on multiple dates and also by private appointment.  We welcome any questions you have and are glad to work with and compensate your realtor. Please see the details here in our listing for extensive photos, information about the property, the simple bidding process and to schedule a private tour of the property. Feel free to also call us at 804-338-3458 anytime.
  •   Jun 28 @ 12:00pm EDT (Start)
  •   Jul 23 @ 6:00pm EDT (End)
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Welcome to 3312 Merritt Court, Glen Allen Virginia in the attractive and conveniently located Sheppards Way neighborhood in western Henrico County, near the intersections of Mountain and Woodman Roads and less than 1 mile from the 1-295 interchange. This home is directly adjacent to the woodlands of the large and well-known Crump Park, which also encompasses the RF&P athletic complex and the historic Meadow Farm Museum. Within a short walk of the home in the Sheppard's Way neighborhood is Glen Allen Community Center, a membership complex offering swimming, basketball, volleyball & more plus building rental for family events.

The home has been owned by the same family since built in 1997 and has been extremely well cared for during the years. 

 

Outdoor features and amenities of the home & property include:

* Recently Replaced Architectural Shingle Roof

* Exposed Aggregate Concrete Driveway

* Excellent Condition Vinyl Siding, Windows and Trim with Copper Window Accents

* Cul-de-sac lot directly adjacent to the mature woodlands of Crump Park, offering lots of privacy

* Secluded back yard offering an elevated rear deck, extensive raised planting beds with fish pond and mature landscaping, plus an attractive rear workshop building

 

The thoughtfully designed main level floor plan features:

* A large formal living room with bright front facing bay windows easily convertible to home office

* Rear facing family room with gas fireplace, attractive half-moon window and convenient access to kitchen area and outside deck

* Galley style kitchen with high-end Kraft Maid cabinetry, granite countertops, built-in separate SUB-ZERO refrigerator and freezer, custom glass door pantry and                   workspace with arched brickwork 

* Formal dining room with double height ceiling and custom woodworking, plus cozy breakfast nook with large bay windows and additional double-door reach in pantry

* Huge 1st floor primary suite with angled window view bedroom, oversized walk-in closet with custom shelving and primary bath with jetted oval tub, custom shower, double   vanity and private toilet room

* Oversize two car attached garage accessible off the kitchen with high end insulated garage door, bright lighting and convenient step/walking ramp access to vehicles

* Walk-in utility room with like new condition Maytag washer and dryer, utility sink, overhead cabinetry and custom shelving, all appliances present in the home convey!

 The second floor features a sitting room/children's play area, 3 additional generous sized bedrooms with oversized closets, Jack & Jill bath with double vanity and     tub/shower, plus a second full bath with high end shower, and a convenient attic/storage area with walk-in door and lighting.

The home benefits from a recently updated Carrier 2-zone high end heat pump system with natural gas backup heat and natural gas hot water.  Henrico county provides water, sewer and natural gas to the property.

THE HOME HAS BEEN THOROUGHLY INSPECTED by a licensed independent 3rd party home inspector. The report is available here in this listing by clicking on the 'DOCUMENTS' tab.  The interior of the home has been professionally cleaned and is ready for its next owner. 

PROPERTY TOURS will be held on the following FOUR DATES for your convenience, and also by private appointment:  FRIDAY, JULY 10th from 4:30-6pm, SATURDAY, JULY 11th from 10-11, FRIDAY, JULY 17th from 4;30-6 and SATURDAY, JULY 18th from 10-11.  The property will be sold by ONLINE and LIVE ONSITE BIDDING, with bidding open now through approximately 6pm on THURSDAY, JULY 23rd.  

Standard Terms and Conditions of Sale: $20,000 down in certified funds within 24 hours of closing of auction, closing within 30-60 days, 10% buyer's premium applies.  See full terms and conditions of sale and broker participation information by clicking the "documents" tab in this listing.

SPECIAL TERMS AND CONDITIONS FOR APPROVED PRE-QUALIFIED BUYERS:

Our finance friendly terms of sale requires no up-front funds required to bid and allows up to 60 days for your closing to occur.  If you are pre-qualified with your lender, the initial deposit is only $5,000 and we guarantee that your lender’s appraisal will meet or exceed your purchase price, or your deposit is 100% refundable.

Please contact Dubby Isgett at 804-338-3458 or Tyler Isgett at 804-971-3884 for more information or to schedule a private tour.

 

Isgett Auction Marketing

Virginia Licensed Auctioneer No. 2426

Terms and Conditions of Real Estate

3312 Merritt Court, Glen Allen VA  23060

Isgett Auction Marketing  804-338-3458

 

Announcements   Any announcements made on the day of the auction take precedence over all previous announcements, including information printed in any electronic format, whether oral or written.

 

As-Is Condition   All property is sold in “as-is, where-is” condition. There are no warranties or guarantees of any kind as to the condition, functionality or lawful uses of the asset(s) being sold.  It is the responsibility of any potential bidder to do their own due diligence on all assets they intend to bid on.  Any measurements furnished by the auctioneer such as lot size, acreage and square footage are for information only and should be verified by the potential bidder prior to bidding.  Sale of property is not contingent on financing, inspections or any other contingencies of sale.  On residences built before 1978, the purchaser waives the right for a 10 calendar-day opportunity to conduct a risk assessment for the presence of lead-based paint hazards.

 

Financing   Sale of property is not contingent on financing.  Prospective bidders are encouraged to make their own arrangements for financing if required prior to bidding on the property.  Financing needs must be secured and in place by the prospective bidder so that closing takes place within the required 60 days after the auction.

 

Buyer’s Premium   A 10% buyer’s premium will be added to the purchase price (high bid) and will become a part of the contract price.  As an example, if the high bid is $100,000 on a property, a buyer’s premium of $10,000 will be added for a total contract price to be paid by the buyer of $110,000.

 

Conducting of Auction   The auction will be conducted by the auctioneer in the matter deemed best for the interest of the seller.  Bidding is open to the public without regard to race, religion, sex or national origin.  Bidders must register with the auctioneer prior to the auction.  The auctioneer reserves the right to reject any bid that is not in proportion to the value of the asset being sold.  The auctioneer retains the right to protect the seller’s reserve by bidding on behalf of the seller.  If any dispute arises between bidders, the auctioneer shall use his sole discretion to settle the dispute, determine the high bidder or re-offer the asset.  The auctioneer’s recording of the auction shall be deemed final in determination of the high bidder and contract price.  The auction is subject to approval by the seller or court.  Attendees of the auction agree to hold the auctioneer and seller harmless for any injury or loss sustained while inspecting the property or attending the auction.

 

Deposit After Auction   The successful bidder, immediately upon the conclusion of the auction, shall present to the auctioneer a non-refundable deposit of $20,000 to be applied to the purchase price at closing. The funds for the deposit shall be in the form of a cashier’s check, a check accompanied by a bank letter of guarantee, or if other arrangements have been made with auctioneer.  

SPECIAL TERMS AND CONDITIONS FOR APPROVED LENDER PRE-QUALIFIED BUYERS

Special terms and conditions of sale to approved pre-qualified home shoppers who furnish

us with a bona fide copy of your pre-qualification document from your lending

institution. To apply for the special finance-friendly terms, please email a copy

of your document when registering to bid in the sale to: Isgett4@gmail.com

Approved pre-qualified buyers will receive the following extended benefits from

our finance-friendly terms and conditions in this sale:

1. No upfront deposit required to bid in the online or live in person auction.

2. Only $5,000.00 deposit from the winning bidder by major bank card.

3. Deposit is refundable to the buyer in the unlikely event that your lender’s

official appraisal amount does not meet or exceed the purchase price.

Closing   The successful bidder will at the conclusion of the auction sign all forms related to the contract to purchase the property. The purchaser will make an appointment with a real estate closing agent promptly so that closing will take place within 30-60 days from the date of the auction.  Time is of the essence with regard to closing.  At the time of closing the purchaser will receive a deed to the property in exchange for full payment including all closing costs.  The seller shall be responsible for the execution and cost of preparing the deed. The purchaser shall be responsible for all other closing costs, including surveys, title insurance charges, wire transfer fees, customary expenses and recordation taxes, including the Grantor’s tax.  Real estate taxes, rents and water and sewer expenses will be pro-rated at the date of closing.  

 

Clear Title  The seller(s) guarantees a clear, marketable title for this property, free of all liens.  The purchaser may elect to have a title search performed, and/or purchase title insurance for the property at their expense.  In the event that the purchaser’s title search reveals a purported defect in the title, the seller shall have an additional 30 legal business days from the date of such notification to the seller, as a “cure period,” to remedy any alleged defect so that closing can then take place according to these terms and conditions.

 

Additional Terms for Online Bidding This auction will be sold by online bidding using the bidding platform on at our website, www.IsgettAuction.com.  There is no in person bidding for this sale, however please reach out to us at 804-338-3458 with any questions or to learn how to bid in this sale. 

To register and bid online in this auction, please visit our website, isgettauction.com and go to the property on which you wish to bid, and follow the prompts to register.  Once you agree to the terms and conditions of sale, we require a major credit/debit card to be registered with us and checked for an available balance of at least $5,000.00.  Your card will not be charged at this time, but will simply be checked by our software for validity.  We will contact you by phone previous to approving your registration to answer any questions you may have and confirm that you have read and are familiar with the terms and conditions of sale. We reserve the right to accept or reject any online auction registration for any reason.

 

If you are the winning bidder in the auction, you will be contacted by us again by phone and email using the information you provided to us to confirm that you are the winning bidder.  We will then allow up to 24 hours afterwards for the buyer to meet with us to complete all paperwork related to the transaction and submit the required non-refundable certified deposit.  In the event that these additional terms and conditions are not adhered to by the purchaser(s), we reserve the right to then immediately charge $5,000.00 to your card on file and offer the property to the backup bidder.  Please register online and ask any questions related to online bidding well in advance of the ending of bidding so that we may have ample time to approve your registration and/or answer any questions you may have.

 

Real Estate Brokers and Agents   Isgett Auction Marketing will pay 10% of the auctioneer’s commission at closing to a licensed real estate broker representing the winning bidder who successfully closes on the real estate offered.  To qualify for the broker commission, the broker must do the following:  1.  Register the prospective bidder using the form supplied by the auctioneer no later than 48 hours prior to the time of the auction.  2.  Assist their client as needed in purchasing the real estate.  The registration form can be obtained from the auctioneer and must be filled out completely, signed by the broker and the prospective buyer.  If the prospect is a client of an agent of the broker, the agent must also attend the auction.  The commission paid to the broker is 10% of the 10% buyer’s premium, or 10% of any negotiated commission.

 

Special note:  No commission will be paid to a broker on any sale in which the buyer is affiliated with the broker’s firm, is involved with any business entity with the broker, is an immediate family member of the broker or agent, or if the prospect has previously been in communication with the auctioneer in regards to the property.

 

Remedies for Default in Purchase   If any of the applicable terms and conditions contained within this document are not complied with by the buyer, the auctioneer may, in addition to any and all remedies available by law, hold the defaulting purchaser liable for the full amount of the auction contract.  The auctioneer may also, at his discretion, cancel the sale and retain any deposits toward the purchase as liquidated damages.  The auctioneer further retains the right to offer the property to the backup bidder, and/or re-sell the property upon 10 days notice to the defaulting purchaser.

 

Acceptance of Terms and Conditions   Prospective bidders by registering for the auction acknowledge that they have read and accepted these terms and agree to be bound by them as set forth in this document.  These terms and conditions as well as the completed purchase agreement may not be modified in any manner after the date of auction unless agreed to in writing by the sellers and auctioneer.