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Auction Information
Auctioneer Tranzon Fox See Listing
Auction Date Nov 16 Auction
1539 McCullough Lane
Virginia Beach, VA
Time 03:00PM
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Auction Listing
AuctionZip Auctioneer ID# 6378
Appraised for 1 million, Assessed Value $918,100, Bidding Starts at $500,000 Outstanding Vista Waterfront lot located on Linkhorn Bay Va Beach with 3,000+/- sq ft brick home and detached 1200+/- sq ft guest house/garage. Rarely does an affordable waterfront lot with grand vistas in Alanton, VA Beach become available. The location of this lot is uniquiely situated at the entrance to the causeway island of McCullough Lane, famously known, with homes of substantial investment, across from the Narrows of the Seashore State Park. Look out one side of your house and you see the Narrows bay, sand beach, and boats traversing the Narrows channel. Take your boat, kayak or paddleboard and you are partying on a sand beach in minutes. Look out the back of your house and you see the tranquil and beautiful Linkhorn Bay, with multimillion houses to the left, to the right, and across the bay in Bay Colony. The location is perfect for all water sports. From an overview standpoint, the house is in need of repair, lending itself to an affordable project and a great renovation candidate. Or go through the CBPA process to build your dream home. The seller is open to offers before the auction with CBPA contingencies. The two story brick home has three bedrooms and three and a half baths, and is complemented by a 1192+/- sq ft detached two car garage and in-law suite. City records show the house having 3358+/- sq ft but the appraisal shows the house having 2954+/- sq ft without including the garage SF. Both show the garage as 1192+/- sq ft. The lot is shown as 1.3 acres on city records but that included land that was sold to establish the causeway improvements. The most recent topo survey included in the Property Information Package shows 0.65 acres. This topo survey, recently completed 6/22/2016 at considerable expense, gives you a head start to initiate discussions with the City of Va Beach and the CBPA. License Number: VAAF423

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