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    Indian Summer Ln Ferrum, VA 24088

    For Sale
    $70,000

    Undeveloped - Ferrum, VA

    Lot size:
    3.61 Acres
    Days on Market:
    50
    Last Refresh:
    Dec 8 at 11:06 am

    Property Features for Indian Summer Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    3.61 Acres

    Building Details

    Architectural style
    Other

    Mountain to Lake Realty (540) 420-2030 [email protected]

    Listing agent BOB PARCELL (540) 483-5566

    Listing date Oct 20, 2025

    MLS# 908514 Listing URL

    Copyright © 2025 Roanoke Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land Near Philpott Lake

    This 3.61-acre property is located near Philpott Lake and offers views of the lake. The lot has been recently upgraded and provides a private building site near deep water. According to county records, the property is suitable for building. The buyer will need to install power, well, and septic systems. There is access to a spring on an adjacent lot.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Ferrum
    County
    Franklin
    State
    Virginia
    Longitude
    -80.08858
    Latitude
    36.862717

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    FAQs

    What type of property is this?
    Land - Undeveloped land with lake views and private building site.
    Where is this land located?
    The property is located at Indian Summer Ln Ferrum, VA.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: - Extremely close proximity to Philpott Lake.; - Great views of the lake.; - Opportunity for private building site near deep water.
    (540) 483-5566
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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
    Indian Summer Ln Ferrum, VA 24088
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