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    137 Cherry Ln Madison Heights, VA 24572

    For Sale
    $79,000

    Unimproved Land - Madison Heights, VA

    Type:Unimproved Land
    Lot size:
    1.00 Acre
    Days on Market:
    105
    Last Refresh:
    Dec 15 at 1:06 am

    Property Features for 137 Cherry Ln

    General Information

    Property type
    Other
    Property subtype
    Unimproved Land
    Standard status
    Active
    Lot size
    1.00 Acre

    Building Details

    Architectural style
    Other

    Long & Foster Real Estate (888) 536-0216

    Listing agent Mike Osei (888) 536-0216

    Listing date Sep 2, 2025

    MLS# 357406 Listing URL

    Copyright © 2025 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    One Acre Lot with Foundation

    This one-acre lot features a poured cement foundation. Plans were previously drawn up for a two-story home, including a three-car garage and a full unfinished basement with high ceilings. Previous soil work has been completed for septic. The property is located in Madison Heights, VA. It is suitable for building a home or potential development, especially considering the additional 12.97 acres surrounding the property available on a separate parcel. This land offers potential for building or creating a place to call home.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Auto Repair Shop Gym & Fitness Hotel & Motel Auto Parts Store Grocery Store Food Market Barber Shop Convenience Store Pawn Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Madison Heights
    County
    Amherst
    State
    Virginia
    Longitude
    -79.099475
    Latitude
    37.437452

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    FAQs

    What type of property is this?
    Land - One-acre lot with foundation, ready for development or dream home.
    Where is this land located?
    The property is located at 137 Cherry Ln Madison Heights, VA.
    What is the asking price?
    The asking price for this property is $79,000.
    What are key features of this property?
    This property features: - Huge poured cement foundation already in place.; - 1 acre lot ready for building.; - Plans for a two-story home with a 3-car garage and full unfinished basement are available.
    (888) 536-0216
    Request Owner's contact information
    137 Cherry Ln Madison Heights, VA 24572
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    Madison Heights, VA 24572
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    137 Cherry Ln Madison Heights, VA 24572
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