PROPERTY LOCATION
687 Elon Rd
Madison Heights, VA 24572
Amherst County
AUCTION LOCATION
Live auction held off site at:
Homewood Suites by Hilton
4021 Wards Rd, Lynchburg, VA
Online and phone bidding also available.
Picturesque Estate in 3 Tracts
After 150 years and several generations, “The Old Homestead” is finally available. 105 acres of pristine woodland with a cascading stream whispering through the center of this paradise. Trails throughout the mature hardwoods provide excellent access throughout the property to observe wildlife and enjoy nature in all it’s seasonal glory.
With it’s close proximity to Lynchburg and Liberty University, this is an ideal opportunity for a private estate. Most of all this is a once in a lifetime chance to own “The Old Homestead.” Nearby, Thomas Jefferson established his “Poplar Forest” estate favoring the region’s scenic beauty and natural serenity. It’s the perfect backdrop to design your dream and create your legacy.
- 105 beautiful acres in Amherst County
- Ideal for private estate or residential development (conceptual plan available for 44 lots)
- Approx. $150,000 in timber value
- Public water
- 1434' of road frontage on Rt.130
- Just 1.5 miles from US-29 Business, Sheetz, Food Lion, Walmart, etc
- Conveniently located within 15 minutes of Downtown Lynchburg, hospitals, and 4 colleges / universities incl. Liberty University, University of Lynchburg, Randolph College, & Sweet Briar College
- Amherst County Parcel 147-A-224
- Tax assessed at $491,300. Previously listed for $691,500.
Offered in 3 Tracts and as a Whole
- Tract 1: 15+ acres with 365' of road frontage
- Tract 2: 70+ acres with 519' of road frontage
- Tract 3: 20+ acres with 550' of road frontage
DIRECTIONS TO PROPERTY
- From Madison Heights (at Sheetz), take Elon Rd (Rt.130) 1.5 miles to property on the left across from Mt. Sinai Baptist Church.
PREVIEW DATES
- Wed, Mar.11 from 12-2pm
- Sun, Mar.15 from 1-4pm. ATV tours by appointment.
- Thu, Mar.19 from 4-6pm
- Self-guided tours ok during daylight hours. Entrance road is solid. ATV recommended for trails.
- Call Mike at 434-847-7741 to schedule a guided tour
TERMS SUMMARY
5% buyer's premium. 10% deposit by cash or good check due at auction. Closing on or about 30 days. High bids subject to approval. Click on "Terms" tab for full terms and conditions.
CONTACT
Mike Torrence
Torrence, Read, & Forehand Auctions
101 Annjo Ct, Forest, VA 24551
(434) 847-7741 Office
(434) 660-5159 Mobile
mike@trfauctions.com
105 Acres in Amherst County, VA
Auction Site: Live auction held at Homewood Suites by Hilton, 4021 Wards Rd, Lynchburg, VA. Online bidding also available.
Terms: Property sells "AS-IS" without warranties of any kind. Potential Buyers must perform such independent investigations with respect to the Property as they deem necessary to verify information provided by Auction Company.
Warranty: All information provided by Auction Company is deemed reliable but is not warranted. The information provided by the Auction Company is subject to verification by all parties relying on it. No liability for its accuracy, error or omission is assumed by the Auction Company.
Title: Seller will convey title by General Warranty Deed free and clear of all liens.
Registration: Bids will be accepted only from registered bidders. On-site registration begins at 11:30AM day of sale. See listing for auction location. You may also pre-register on our website or phone app. Deadline for phone and online bidding registration is 6PM EST on the day prior to the auction. A valid form of identification (i.e. driver's license) may be required to register onsite or online.
Online Bidding: Online bidding is available for your convenience. However, due to the technical nature of online bidding, bidder acknowledges that this service may or may not function correctly the day of the auction. Torrence, Read, & Forehand Auctions will not be responsible for missed bids from any source. Online bidders who desire to make certain their bid is acknowledged should use the prebidding function and leave their maximum bid 24 hours before the auction begins. Winning bidders will be notified by email and/or phone and receive instructions for signing the Contract of Purchase (must be returned within 24 hours) and submitting the Deposit (see below).
Announcements: Announcements made on day of sale take precedence over all prior communications, both verbal and written, concerning the sale of the Property.
Approval: High bid(s) subject to approval by Seller.
Buyer's Premium: A 5% buyer's premium will be added to the high bid to determine the final sales price.
Deposit: Deposit equal to 10% of final contract price (bid price plus buyer's premium) due day of sale by cash or good check. Online bidders may overnight deposit or wire transfer funds so it is received within 2 business days.
Closing: Balance of Purchase Price shall be due at closing on or about 30 days after the sale.
Agency: The auction company and its representatives represent the sellers.
