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Property Details: In Cooperation with Lender - c 1770 Farm - Sells Above $860K Bid
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Historic real estate listing for sale in Cumberland, VA
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Click for a larger image! Historic real estate listing for sale in Cumberland, VA Click for a larger image! Historic real estate listing for sale in Cumberland, VA
   
Property Information
In Cooperation with Lender - c 1770 Farm - Sells Above $860K Bid
302 Putney Rd
Cumberland, VA
Find it with Google™ Maps!
Price: Contact agent for more details
Bedrooms: 4
Bathrooms: 4
Square Feet: 4,494
Lot Description/Acreage:
4 contiguous tax parcels that will be sold in 3 tracts totaling 454+/- acres
Year Built:
c 1770
Architectural Style:
Colonial
(c.1600-1820)
 
Contact Information
Name: Linda Terry
Agency: Tranzon Fox
Phone: 804-354-9090 or 800-868-0458
Email: Send an email...
Website: Visit the website...
 
Property Description
In Cooperation with Lender - c 1770 Allendale Farm with Multiple Homes/Barns in 3 Tracts - Sells with $860,000 Total Bid Plus Buyer's Premium

- 454+/- Acres Formerly Appraised for $2,541,600 and Last List Price of $1,750,000
- 122+/- Acre parcel with home * 221+/- Ac parcel with manor home, 2 large barns, outbuildings and ponds * 111+/- Ac parcel of farm land
- Centrally located one hour from Richmond, Lynchburg or Charlottesville
- Formerly a Black Angus Farm and Hay Production Operation - Two current farm leases

Back in 1777, at the birth of our nation, the Allen Family farm, "Allendale", spanned 4,000 acres across what is now Cumberland County, with a manor house where their 9 children were raised. Over the generations, pieces of the farm were deeded over to heirs.

Allendale Farm is now 4 contiguous tax parcels that will be sold in 3 tracts at on-site public auction, offered individually and in combinations as bidders choose.

Current Tax Parcels:

4 tax parcels: (listed in order by acreage, high to low, and numbered for easy reference)
- 083 A 5 297.4 acres c 1777 manor house built by Allen family, sheds, barns, smoke house – pasture, timber, pond, crop land. Manor house is 4,494 sq ft + 1,302 sq ft basement per appraisal. Finished basement with brick floor, 6 fireplaces with gas logs and 1 wood burning, loft area library with custom built bookcases
- 074-A-12 118.607 acres (former Holman property)– cedar sided house built 1992, covered corral area (currently houses steel cattle sorting equipment) pasture, woods, crop land
- 083-1-18 34.3 acres pasture (borders Guinea Creek) NO improvements on this parcel other than fencing and automatic waterers
- 074-A-21 2.932 acres triangular access parcel at Putney Rd, where stone entrance is located - crop land – only improvements are stone entrance wall, commercial gravel driveway and board fencing

Land is under Agricultural tax exemption – assessed at a flat $600/acre rate except 1 acre that each home sits on. Note: The auction terms require that Buyers maintain the land use for at least one year to avoid look back tax burden on Seller.

Three Auction Tracts - bid for one, any two, or the entirety - all three.
- Parcels 2 and 4 combined as a single tract +/-122 acres with frontage on Putney Rd and the 1992 house
- Part of Parcel 1, east of Allen Branch Creek this includes Manor House and ALL outbuildings approx. acreage +/-221 acres
- Part of Parcel 1, west of Allen Branch Creek and Parcel 3 (fencing, watering system, access roads only improvements) approx. acreage +/-111 acres

The creek forms a natural boundary and if tracts 2 and 3 are purchased by 2 different buyers, a shared driveway agreement will be drawn at closing and the cost of actual survey will be shared equally by the 2 buyers.

Current Income Streams

2 farmers have annual leases
+/-65 acres across parcels 1, 2 and 4 “Kenny” $4,000/yr
+/- 150 acres across parcels 1, 2 and 4 “Steve” $1,825/yr

See copies of leases in Property Information Package.

$305/yr is paid by Federal CREP program

 
Additional Notes
The auction will take place on October 17 at 1:00pm, onsite. Download the complete Property Information Package available at www.tranzon.com/FX1882 for details, photos, surveys, leases, deeds, and more.

Tranzon Fox, VAAF423

Last Updated: September 18, 2017
All information deemed reliable but not guaranteed and should be independently verified.


 
 

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