NOT LISTED FOR SALE

Estimated Value: $281,000 - $713,959

472.72 Acres
$1,052 Price per Acre
20,591,680 Sq Ft Lot

Last Sold October 30, 2020

Last sale price $687,500

Est. 28% decrease in value since last sale

Current estimated payment $2,867/month

505 Days on Market

Highlights

  • Horse Property
  • 472.72 Acre Lot
  • Secluded Lot
  • Home fronts a creek
  • Creek or Stream View
  • Wooded Lot

About This Lot

As of October 2020

Large Acreage w/ Trout Stream Frontage in Blue Ridge Mountains. This is a must see property offering a unique investment opportunity. 472 acres consisting of mountaintop, high elevation views, large mature timberland acreage and extensive trout stream frontage. This property offers open grassland acreage atop "Crouch's Knob" with expansive 360 degree views.The acreage consists of 6 tax parcels that facilitate further subdivision. There is deeded acreage to state maintained roads. The previous owner developed an antique apple orchard which could be reclaimed and cultured. There are approx. 60-80 trees, many mature. The timber value is very substantial and access roads are in place. Surveys are complete and recent for all parcels. There are numerous old farm buildings and a small cottage overlooking Big Wilson Creek. This property is offered at considerably less than tax value and will be sold as a whole.

Last Agent to Sell the Property

Vincent Elliott

Collins and Associates Realty License #0225073172 Listed on: 05/11/2019

Last Buyer's Agent

Mitchell Cornett

Collins and Associates Realty License #0225244228

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $8,099

Lot Details

  • 472.72 Acre Lot
  • Home fronts a creek
  • Property fronts a highway
  • Partially Fenced Property
  • Secluded Lot
  • Wooded Lot
  • Property is zoned RF

Schools

  • Grayson Highlands Elementary School
  • Independence Middle School
  • Grayson County High School

Utilities

  • Natural Gas Not Available
  • Spring water is a source of water for the property

Additional Features

  • Creek or Stream Views
  • Livestock

Listing and Financial Details

  • Tax Lot 47-A-77

Community Details

Overview

  • No Home Owners Association

Recreation

  • Horse Property
  • Outbuilding

Property Details

Property Type

Land

Est. Annual Taxes

$8,099

Lot Details

0

Listing Details

  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Horses: Yes
  • Lot Size Acres: 472.72
  • Lot Size: 472.720
  • Road Frontage Type: County Road, Right of Way, Highway
  • Subdivision Name: None
  • Directions: From the intersection of 21 and 58 in Independence, take 58 west approx. 18 miles and turn right onto Volney Rd.go .8 miles and turn right onto Chestnut Grove Rd. cross Wilson Creek and turn right onto Red Fox Ln. go .2 miles to gate.
  • Special Features: None

Interior Features

  • Possible Use: Manufactured Home, Single Family, Farm, Modular, Acreage

Exterior Features

  • Fencing: Partial, Old Fence Not Usable
  • Lot Features: Livestock Permitted, Waterfront, Secluded, Wooded, Horse Property, Views
  • Topography: Mixed
  • View: Creek
  • View: Yes
  • Waterfront Features: Waterfront, Creek
  • Waterfront: Yes
  • Disclosures: None
  • Other Structures: Outbuilding

Utilities

  • Electricity On Property: Yes
  • Sewer: Unknown
  • Utilities: Electricity Available, Natural Gas Not Available
  • Water Source: Spring

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Grayson Highlands
  • High School: Grayson County
  • Middle Or Junior School: Independence

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 20591683.2
  • Zoning: RF
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 8099.38
  • Tax Lot: 47-A-77
  • Tax Map Number: 47-A-77
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2019
Closed on
Oct 22, 2020
Sold by
Fulbright Judie Williams and Dehart Sandra Williams
Bought by
Wilson Creek Farm Llc
Seller's Agent
Vincent Elliott
Collins and Associates Realty
Buyer's Agent
Mitchell Cornett
Collins and Associates Realty
List Price
$1,449,000
Sold Price
$687,500
Premium/Discount to List
-$761,500
-52.55%
Current Estimated Value
$497,480

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$190,020
Avg. Annual Appreciation
-3.50%
Source: Public Records

Range of Values:

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Average Value
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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
Wilson Creek Farm Llc $687,500 Appalachian Title & Stlmnt
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2020 10/30/20 Sold $687,500 -52.6% --
09/30/2020 09/30/20 Pending -- -- --
05/13/2019 05/13/19 For Sale $1,449,000 -- --
Source: Southwest Virginia 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
2024 $2,599 $481,300 $331,800 $149,500
2023 $2,815 $481,300 $331,800 $149,500
2022 $2,010 $340,600 $331,800 $8,800
2021 $2,010 $340,600 $331,800 $8,800
2020 $1,975 $340,600 $331,800 $8,800
2019 $1,669 $340,600 $331,800 $8,800
2018 $1,669 $340,600 $331,800 $8,800
2017 $1,669 $340,600 $331,800 $8,800
2016 -- $340,600 $331,800 $8,800
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Southwest Virginia Association of REALTORS®

MLS Number: 69470

APN: 47 - A- - 77