NOT LISTED FOR SALE

150 Garrett Farm Rd Madison Heights, VA 24572

Estimated Value: $165,000 - $625,000

163.62 Acres
$2,712 Price per Acre
7,127,287 Sq Ft Lot

Last Sold February 07, 2022

Last sale price $475,000 $0 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $2,392/month

356 Days on Market

About This Lot

As of February 2022

Fantastic piece of real estate. There are multiple opportunities available with this property. You could have a cattle ranch, build you a home, develop part or all of it. Many great home sites. This is a must see to appreciate. You won't find many tracts of land this size that are located this close to Lynchburg. Less than a mile, the way the crow flies. Less than 4 miles by car.

Last Agent to Sell the Property

Sam Davis

Sam E Davis Real Estate License #0225000994 Listed on: 07/02/2020

Co-Listed By

Alton Peters

Sam E Davis Real Estate License #0225002381

Last Buyer's Agent

Corrie Hall

eXp Realty LLC-Lynchburg License #0225230803

eXp Realty LLC-Lynchburg

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,200

Lot Details

  • 163.62 Acre Lot
  • Property is zoned A1

Schools

  • Madison Heights Elementary School
  • Monelison Midl Middle School
  • Amherst High School

Listing and Financial Details

  • Assessor Parcel Number 146-A-33

Property Details

Property Type

Land

Est. Annual Taxes

$2,200

Lot Details

0

Listing Details

  • FILLACRES: 163.6200
  • BuildingOnProperty: House
  • Directions: From downtown Lynchburg, cross John Lynch Bridge, turn right onto River Road, go 3.8 mi. to property on left.
  • Lot Measurement: Acres
  • Lot Sq Ft: 7127287.00
  • Days On Market: No
  • Property Subtype1: Farm
  • Prop. Type: Land
  • Restrictions: None
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 146-A-33
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Disability Access: Rd Frnt State Paved
  • Accessible Transportation: Air 5-10 Miles, State Maintained Rd
  • Bathrooms Display: 0 (0 0)
  • Broker Approved: Yes
  • Legal Description: 163.62 acres DB 80 P 238
  • Reciprocal Listing: No

Exterior Features

  • Road Frontage: 860.00

Utilities

  • Utilities: Overhead Electric
  • Utility Electric: American Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • Elementary School: Madison Heights Elem
  • High School: Amherst High
  • Middle School: Monelison Midl
  • School District: Amherst

Lot Info

  • Best Use: Dvlp to Residential, Farming / Livestock, Investment
  • Current Use: Agricultural, Hunting
  • Zoning: A1

Tax Info

  • Estimated Taxes: 2200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 22, 2025
Sold by
Posterity Acres Llc
Bought by
Stable Views Llc
Current Estimated Value
$443,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Outstanding Balance
$159,727
Interest Rate
6.81%
Mortgage Type
Credit Line Revolving
Estimated Equity
$283,940

Purchase Details

Closed on
Jul 2, 2025
Sold by
Posterity Acres Llc
Bought by
Posterity Acres Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Outstanding Balance
$159,727
Interest Rate
6.81%
Mortgage Type
Credit Line Revolving
Estimated Equity
$283,940

Purchase Details

Listed on
Jul 2, 2020
Closed on
Jan 11, 2022
Sold by
Garrett Ronald W
Bought by
Posterity Acres Llc
Seller's Agent
Sam Davis
Sam E Davis Real Estate
Buyer's Agent
Corrie Hall
eXp Realty LLC-Lynchburg
List Price
$495,000
Sold Price
$475,000
Premium/Discount to List
-$20,000
-4.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.82%
Original Mortgage
$360,000
Interest Rate
3.45%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Stable Views Llc -- None Listed On Document
Posterity Acres Llc -- Accupoint Title & Escrow
Posterity Acres Llc $475,000 Old Republic National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stable Views Llc $160,000
Previous Owner Posterity Acres Llc $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/07/2022 02/07/22 Sold $475,000 -4.0% $0 / Sq Ft
06/23/2021 06/23/21 Pending -- -- --
07/02/2020 07/02/20 For Sale $495,000 -- $0 / Sq Ft
Source: Lynchburg Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $708 $116,100 $102,600 $13,500
2024 $708 $345,100 $331,600 $13,500
2023 $2,105 $345,100 $331,600 $13,500
2022 $2,105 $345,100 $331,600 $13,500
2021 $2,105 $345,100 $331,600 $13,500
2020 $2,105 $345,100 $331,600 $13,500
2019 $2,120 $347,600 $337,600 $10,000
2018 $2,120 $347,600 $337,600 $10,000
2017 $723 $347,600 $337,600 $10,000
2016 $2,120 $347,600 $337,600 $10,000
2015 $664 $347,600 $337,600 $10,000
2014 $664 $347,600 $337,600 $10,000
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Sam Davis

    Sam E Davis Real Estate

    (434) 238-8080

    49 Total Sales

    Sam Davis
    Section Image

  • A

    Seller Co-Listing Agent in 2022

    Alton Peters

    Sam E Davis Real Estate

    Section Image

  • C

    Buyer's Agent in 2022

    Corrie Hall

    eXp Realty LLC-Lynchburg

    (434) 426-2845

    226 Total Sales

    Corrie Hall
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 325920

APN: 146-A-33

Virginia Amherst County Madison Heights 24572

150 Garrett Farm Rd, Madison Heights, VA

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