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
Annual Taxes (entirety): $7,568
Download the complete Property Information Package for details, photos, surveys, leases, deeds, and more.
From Richmond, VA travel on VA-895 W towards Richmond (portions toll) travel to VA-150 N/Chippenham Parkway and proceed 7.36 miles to merge onto US-60 towards Midlothian. Travel 44.73 miles and turn left onto Cumberland Rd/VA-45. Proceed 1.18 miles to Davenport Rd and proceed .55 miles to Putney Rd. Continue 2.36 miles to 302 Putney Rd, Cumberland, VA.
Terms and Conditions
The following summary of Terms & Conditions of Auction Sale is only intended to
provide you a brief outline. For a complete copy, either download the Property Information
Package, if available, or contact
email@example.com. All bidders must agree to all of the Terms & Conditions
of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn
or modified without notice at anytime.
For general information on the auction process, please review the FAQ-Frequently Asked Questions.
10% Buyers Premium based on the high bid.
45-Day closing, sold in As-Is condition, no contingencies.
Minimum deposit of $25,000 per each of the 3 parcels in guaranteed funds, with 10% due within 48 hours.
2% of the high bid will be paid to a properly registered broker at settlement.
Agency Disclosure: The member company acting as auctioneer/agent is an agent
for the seller only.
Disclaimer: Information contained herein is believed to be correct to the
best of auctioneer/agent's knowledge but is subject to inspection and verification
by all parties relying on it. Sellers, their representatives and auctioneer/agent
shall not be liable for inaccuracies, errors, or omissions. All square footage and
other dimensions are approximate. This offering is subject to prior sale and may
be withdrawn, modified or cancelled at any time without notice.