Virginia Auction Guide

Foreclosure auction in Belmont Bay development in Woodbridge. Builders and developers take notice! 19 substantially completed condominium units with 23 deeded parking spaces and two land bays approved for 3 buildings with 84 total condo units. The existing building is located at 680 Watermans Drive. A building foundation is in place on the parcel known as 620 Watermans Drive. Various improvements are in place such as roads, curbs and pavement. All utilities are at site. The entire project is situated on +/- 4.6 acres. The existing condo units were originally age restricted but in an agreement with Belmont Bay L.C. they can now be sold as non-age restricted units. The remaining 84 units (to be built) are age restricted and must be owned or occupied only by adults of age 55 or over. See letter in package. The project will be auctioned in two parcels. The first parcel consists of the 19 existing condo units and 23 parking spaces. The second parcel consists of the land bays approved for 3 buildings. Both of these parcels will then be offered as an entirety. See Notice of Substitute Trustees Sale. Belmont Bay is a planned community between the Occoquan and Potomac Rivers. Community amenities include a marina and golf course. The community website is www.belmontbay.com View a video of the property! Click on the link to the left.