Land for Auction in Ferrum, Virginia

Large Recreational Tract for Sale in Ferrum VA

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71.681 ac wooded tract! This property features a stream, a new survey, and extensive road frontage for easy access. Property includes 2 tracts being sold as one! The private setting offers the perfect blend of seclusion and convenience, making it an excellent choice for a full-time residence, weekend retreat, or recreational getaway. Ideally located less than 5 minutes from

Ferrum College, under 15 minutes to the Town of Rocky Mount, 20 minutes to

Philpott Lake, and about 45 minutes to Smith Mountain Lake. A great hunting tract with lots of outdoor potential.

Property has 50’ of road frontage on Ferrum Mountain Rd on NE corner of property. This 50’ of road frontage serves as an easement for Parcel C which is adjoining property. Parcel

C is labeled on survey.

Property is also accessed by private drive Ferrum Forest Ln.

Online Auction Ends Thursday,

April 9th at 4 PM

Ferrum Forest Ln., Ferrum, VA 24088

Click Here for Bidder Packet

Click Here for Interactive Map

Click Here for Property ShortClick Here for Property Video

CONTACT: Auctioneer

Matt Gallimore at 540-239-2585 or email Gallimore.Matt@gmail.com. You can also contact Realtor Booie DeHart at (276)

952-5061 or email BooieD@yahoo.com

DIRECTIONS: From Route 40 in Ferrum,

VA – take Ferrum Mountain Road. In approximately 2 miles turn right onto Ferrum

Forest Ln., take an immediate right. Property is on the right. See signs.

BIDDER

PACK: Download Bidder Pack for complete information. Bidder Pack has maps, complete terms and conditions, sample contracts, tax cards, and restrictions.

Some of the plats in Bidder Pack may have notations and boundaries created by

Auctioneer for illustration purposes, however unchanged surveys are in Bidder

Pack as well.

SOFT CLOSE: If a bid is received within the last 2 minutes of the auction or after 4 PM, the auction close time will automatically extend 2 minutes to allow other bidders an opportunity to competitively bid prior to the auction closing. This feature eliminates “snipers” and encourages fair and impartial bidding from all participants.

BUYER’S PREMIUM – TEN

PERCENT (10%): Buyer’s Premium shall be added to the final online bid, which will determine the Total Contract Sales Price. Bidders hereby acknowledge and understand that the Buyer’s Premium will be added to the winning bid to create the Total Contract Sales Price for which they are obligated to pay for the property. Example: (winning online bid $100,000 + 10% buyer’s premium = total purchase price of $110,000). Buyer’s Premium is not due until closing.

PRE-AUCTION SALES: As an agent for the Seller, the Auctioneer must present any and all bona fide written offers to the Seller, which may be created outside of the online bidding platform. Therefore, all properties are subject to pre-auction sales. Pre-auction offers must meet all off the auction terms and conditions and must be submitted to the Auctioneer on the Auction Real Estate Sales Contract, along with the required earnest deposit. Properly submitted offers will be presented to the

Seller in a timely manner. Seller may accept or reject such offer at their sole and absolute discretion. When a pre-auction offer is submitted, all properly registered online bidders will be notified that “an offer” has been submitted and on which specific property, however the amount of the offer shall remain confidential. All pre-auction offers must allow a minimum of 24 hours for seller’s acceptance. A Referral Fee of 2% of the high bid is offered to a cooperating VA State Licensed Real Estate Salesperson/Broker on any pre-auction offers that are properly completed and submitted on the appropriate forms provided. Download Bidder Pack for Online Bidder’s Agreement, maps, sample contracts, and property information.

TERMS & CONDITIONS:

10% Buyer’s Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $5,000 is required on the day of sale. Close on or before May 11th, 2026. Subject to seller confirmation. Property sold as is, where is with any and all faults. Buyer is expected to complete their own due diligence before placing a bid. The Auctioneer is allowed to bid on behalf of the Seller up to, but not beyond the Seller’s reserve price per VA Auction Code 18 VAC-25-21-120. Auction starts ending at 4 PM on April 9th, 2026. Please note that during the last two minutes of bidding, if a new bid is placed, the clock is automatically extended an additional two minutes. Be sure to register to bid early to ensure you receive notifications regarding any changes to the Auction, Bidder

Packet and/or Pre-Auction offers received. Download Bidder Information Pack for complete terms and conditions, purchase contract and maps.