How and why does a $3 million property sell for $786,885?
RARE 2,000+ feet of sandy beach front and OUTSTANDING Potomac River views for miles; ACREAGE is about 90 acres. NEXT to best state nature park in Virginia: Caledon State Park of over 2,500 acres and miles of Potomac shore. There is no other property comparable to Somerset.
This is a Judicial Sale by Special Commissioners for the King George County Circuit Court. The Court will not take a contingent contract; contract must be non-contingent for any reason. Purchaser must be able to pay purchaser price and closing costs within 30 days of contract acceptance, no contingencies. Court requires its contract of Purchase to be used. Please see the detailed Narrative in the Document Section.
Somerset Beach is the most beautiful beach in King George featuring sand and great views. About 90 acres with 2,000 feet on the Potomac River. Bounded by Caledon State Park. Great protected views downriver of Caledon. An aerial of the beach frontage is found in Tours section of MLS. Title work and other documents available upon request. This is a complex property with risk and potential rewards, for the Purchaser to ascertain in its own due diligence prior to signing a contract.
Showings are by appointment only. Visitors must sign a Release, Hold Harmless and Waiver of Liability form found in the Document Section. There are no structures on the property now. However, a number of structures were torn down or deteriorated. There might be a hazard of uncovered wells, or other hazards. Caution is urged. Court requires its contract of Purchase to be used. Property is in land use taxation, Seller to pay no roll-back taxes. Please see the detailed Narrative in the Document Section.