Wintergreen Condo - Income Producing 'Ski-In, Ski-Out

Real Estate Auction in 232 Timbers, Wintergreen Resort Virginia, United States

10 Tuesday
September 10th, 2019 12:30 PM

Wintergreen Condo - Income Producing 'Ski-In, Ski-Out

Real Estate Auction in 232 Timbers, Wintergreen Resort Virginia, United States

Tuesday at - 10th September , 2019

Notes

Buyers premium: 10% Buyers Premium based on the high bid.
Closing: 30-Day closing, sold in As-Is condition, no contingencies.
Deposit Amount: 10% deposit due within 2 business days of being notified that you are the successful high bidder.
Broker Coop: 2% of the high bid will be paid to a properly registered broker at settlement.

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Location has been calculated by address and may not be 100% accurate.




Auction Items For Sale

One of two available Wintergreen condos - please see Auction FX4588 for more information on the other condo.

1 bedroom
1 bath
678 SF

2018 Gross Annual Rental $16,500
do your own research on line

On-line bidding opens at just $40,000

This condo enjoys a prime location adjacent to Mountain Inn-- the main conference site for year round events. Currently in the Wintergreen Resort rental program, a new owner can choose to renew or cancel and keep the condo for private use or rent privately via AirBNB or VRBO, etc to maximize earnings!

Free shuttle bus
Living room recessed lighting,furnished with double love seats, access to private balcony, wood laminate flooring
Eating/game area
Kitchen w/granite, breakfast bar, stainless sink, elec glass cooktop, microwave, apartment size refrigerator
Coat closet, locked owner3s closet
Bedroom has queen bed
Bath with fiberglass shower/tub unit, woodgrain ceramic tile flooring
Unit comes with ski locker in hallway, ice machine for resident use

From the Timbers webpage: "Nestled within the beautiful mountaintop community of Wintergreen Resort, Virginia, Timbers is located at the heart of the resort. Timbers I and II each have thirty condominium units. Built in 1976, the three story buildings have studio, one bedroom and loft units, each with individual decks and ski lockers. Timbers is a ski-in, ski-out community located at the top of the Dobie Mountain ski slope. The Mountain Inn is just next door, where you will find access to many of the resort3s activities, shopping, restaurants, conference facilities, events on the Blue Ridge Terrace, and childrens3 programs at the Treehouse. Transportation to the resort3s wide variety of other activities is available from the Mountain Inn.

Wintergreen Resort, known as Virginia3s Premier Blue Ridge Mountain Resort, is a four-season resort situated on 11,000 acres of mountain forest. Located in Nelson County, Virginia, adjacent to the Blue Ridge Parkway, the resort boasts a natural beauty and magnificent views that are rarely seen. Wintergreen offers an abundance of recreational activities, including 26 trails for skiing, snowboarding and tubing during the winter months; 36 holes of golf, including two courses at Stoney Creek in the Rockfish Valley; indoor and outdoor tennis courts; a full-service Spa with an Aquatics and Fitness Center; and excellent restaurants.

Wintergreen Resort offers many options for lodging, weddings and conference services. The Nature Foundation at Wintergreen offers a full calendar of events and information for hiking the mountain3s many trails. Presented by Wintergreen Performing Arts, Inc. every July, the Wintergreen Summer Music Festival features world-class artists during four weeks of performances.

Outdoor Pool - the Chestnut Springs Pool is open to all property owners and their guests. Summer hours only, pool, tennis and picnic pavilion available to reserve.

Helicopter landing - 2 zones available (for more information, go to Wintergreen POA website-- scroll down for link

Property owners belong to their own subdivison owner3s association AND Wintergreen Property Owners Association (scroll down for links to both), so check their websites and association documents to educate yourself before bidding.

Every property owner at Wintergreen is a member of the Wintergreen Property Owners Association (WPOA). WPOA provides many "municipal" services, including road maintenance, operation of community centers and pools, and police, fire and rescue services. WPOA can be reached at 434-325-8530 for additional information.

NELSON COUNTY, VIRGINIA

Picturesque Nelson County is located in Central Virginia between Charlottesville and Lynchburg. To the north, it borders the Blue Ridge Parkway. Numerous orchards and vineyards complement the natural beauty and rich rural heritage of the county. Outdoor recreation includes hiking along the Appalachian Trail or to the top of Crabtree Falls, canoeing and fishing on the James or Tye Rivers, or cycling on one of Virginia3s Scenic Byways. Nelson County offers a variety of locally produced wines and beers, served in their tasting rooms and restaurants.

Link to Timbers website: http://www.timberswintergreen.com/default.php
Link to Wintergreen Property Owners Association: http://www.wtgpoa.org/ this is important to review for policies, restrictions, and more
Link to Wintergreen Resort: https://members.wintergreenresort.com/

Wintergreen Resort Assessment fees (basically road, common grounds, lighting, etc. maintenance): $1,700 per year
Timbers subdivision fees: $650 per qtr


Please be sure to download the Property Information Package by clicking on the words under “Documents to Download.” By downloading this package you will alert Tranzon Fox to your interest in this property and you will receive emails with any updates on this auction. The package contains information needed to participate in bidding at auction.
  FX0919MSA