2555 Shooting Creek Rd, Ferrum, VA: Complete Real Estate & Investment Analysis ($25,000 Starting Bid)

Priced at an opening auction bid of $25,000—which breaks down to $3,511.24 per acre—this 7.12-acre off-grid mountain compound located at 2555 Shooting Creek Road in Ferrum, Virginia (ZIP 24088, Franklin County) offers a private retreat along the Blue Ridge Parkway corridor. Offered via public online auction ending September 30th at 4:00 PM EST, the property sits directly on the Franklin and Floyd County border and features two unfinished cabin structures, an included camper trailer, a gravity-fed spring water system, an independent solar setup, and approximately 400 feet of direct frontage on Shooting Creek.

With annual property taxes totaling just $124.00 per year ($10.33 per month) and an assessed tax value of $26,400, this parcel presents an affordable entry point for off-grid homesteaders, hunters, and recreational investors. However, prospective buyers must navigate auction terms, shared driveway rights-of-way, and steep mountain terrain to maximize the site’s potential.

Property Specifications & Technical Overview

Evaluating public registry data, Franklin County GIS parcel maps (Parcel ID: 097 00002 00), and official auction disclosures establishes the baseline parameters for this Ferrum tract.

Property ParameterListing Disclosures & County Public Data Baseline
Street Address2555 Shooting Creek Rd, Ferrum, VA 24088
County / RegionFranklin County (Floyd County Line) / Blue Ridge Mountains
Parcel Identification Number097 00002 00
Auction Opening Bid$25,000 (Bidding ends September 30th @ 4:00 PM EST)
Total Deeded Footprint7.12 Acres (310,147 Square Feet)
Price Per Acre (Starting Bid)$3,511.24 per acre
Tax Assessed Value$26,400 ($3,707.87 per acre)
Primary StructureUpper Off-Grid Cabin Shell (T111 Siding, Metal Roof, Trex Deck)
Secondary StructureLower Cabin Shell (Southeast Side of Shooting Creek Rd)
Included Personal PropertyCamper Trailer & All On-Site Personal Property Conveys
Topography ProfileSteep Slope, Rugged Mountain Terrain, Fully Wooded
Hydrology & Water Features~400 Feet on Shooting Creek; Gravity Mountain Spring
Water Supply SystemGravity-Fed Spring Catchment (~450 ft up the ridge line)
Power InfrastructureOff-Grid Solar Panel Array & Battery Inverter System
Wastewater SanitationComposting Toilet (No Public Sewer or Septic Installed)
Road Frontage & AccessShooting Creek Road Frontage (Bisects Lower Parcel Section)
Annual Property Taxes$124.00 per year ($10.33 per month)
HOA / Association DuesNone ($0.00 / month)

Unbundled Valuation & Replacement Basis

Analyzing the starting auction bid across raw land, dual cabin shells, and off-grid utility infrastructure highlights an advantageous cost structure within the Blue Ridge market.

Asset / Infrastructure ComponentEstimated Value AllocationCalculation & Replacement Basis
Raw Wooded Mountain Land (7.12 AC)$17,800Assigned at $2,500/acre baseline for steep timberland
Upper Off-Grid Cabin Shell$12,500Structural shell, metal roof, Trex deck, Jøtul stove
Lower Cabin Shell$6,000Secondary guest shell frame on Southeast road side
Off-Grid Solar & Inverter System$3,500Solar panels, inverter, battery bank, and wiring setup
Shooting Creek Frontage (~400 FT)$3,000Valuation premium for clear mountain stream frontage
Conveyed Camper & Equipment$2,500Market value of included camper trailer and materials
Gravity Water Catchment System$2,000Value of 450-foot spring line and holding fittings
TOTAL ESTIMATED ASSET VALUE$47,300Estimated replacement cost of land and improvements

Low Tax Carrying Overhead

Holding 7.12 acres in Franklin County requires minimal ongoing maintenance costs:

  • Annual Property Taxes: $124.00 per year
  • Monthly Tax Overhead: $10.33 per month
  • HOA / Landowner Dues: $0.00 / month
  • Total Base Holding Cost: Just $10.33 per month, making long-term land-banking or slow-phase off-grid upgrades financially effortless.

Structure & Off-Grid Utility Profile

Upper Cabin (Northeast Side of Shooting Creek Rd)

  • Construction & Finishes: Built with durable T111 siding, a metal roof, Trex composite decking, and oak hardwood flooring in select rooms.
  • Heating: Heated by a premium Jøtul wood-burning stove vented through a triple-wall pipe system.
  • Gravity Spring Water: Receives unpressurized gravity-fed water from a mountain spring located approximately 450 feet up the ridge line, supplying the cabin without needing an electric pump.
  • Power & Sanitation: Powered independently by a solar panel array connected to a battery bank and inverter system. Indoor sanitation relies on a composting toilet.

Lower Cabin & Camper (Southeast Side of Shooting Creek Rd)

  • Secondary Cabin: Positioned across Shooting Creek Road, this shell provides extra space for a workshop, guest outpost, or equipment storage.
  • Conveyed Camper: An included camper trailer sits on site, providing immediate temporary sleeping quarters while working on the main cabin shells.

Access Infrastructure & Legal Considerations

  • Bisecting Road Corridor: Shooting Creek Road runs through the lower section of the property, dividing it into Northeast (Upper Cabin) and Southeast (Lower Cabin) zones.
  • Upper Cabin Access: Currently reached via a maintained driveway using a verbal agreement with a neighbor. An existing unmaintained roadbed sits on the property and can be cleared to create private access.
  • Lower Cabin Shared Driveway: Accessible via a gravel drive shared with an adjoining landowner. Bidders should review the official survey in the auction bidder packet to verify recorded Right-of-Way (ROW) terms.
  • Auction Terms: Non-contingent cash purchase with a 30-day closing timeline. Bidders should factor in standard auction terms, including potential buyer’s premiums added to the final hammer price.

Projected Development & Upgrade Budget (CapEx)

To convert this off-grid camp into a fully permitted or upgraded mountain retreat, buyers should account for initial site investments:

Site Development TaskDIY EstimateContractor EstimateTechnical Scope & System Details
Private Driveway Excavation$3,500$8,500Re-grade internal roadbed for private upper cabin access
Septic System Installation (OWTS)$8,500$15,000Soil perc test, tank placement, and engineered drain field
Solar & Battery System Upgrade$3,000$7,500Expand to a 3kW–5kW lithium battery bank and solar array
Gravity Water Line Maintenance$800$2,200Inspect 450-foot spring line, add filtration & heat tape
Interior Cabin Finishing$4,000$11,000Complete wall insulation, vapor barriers, and interior paneling
TOTAL PROJECTED CAPEX$19,800$44,200Estimated cost for complete site upgrade

Regional Comparative Market Analysis (CMA)

Comparing 2555 Shooting Creek Road against active and recent acreage listings in Franklin and Floyd Counties highlights its market positioning:

Property Location & DetailsAcreagePricePrice / AcreKey Features & Infrastructure
2555 Shooting Creek Rd (Subject)7.12 AC$25,000 (Start)$3,511.242 Cabins; Solar power; Gravity spring; ~400 ft creek
Shooting Creek Rd Tract, Ferrum, VA10.50 AC$45,000$4,285.71Raw timberland; Steep slope; No cabins or water setups
Blue Ridge Pkwy Parcel, Floyd, VA5.20 AC$39,900$7,673.07Unimproved wooded lot; No utilities or structures
Franklin County Land Average (Rural)15.00 AC$62,250$4,150.00Benchmark average for unimproved mountain land

Strategic Advantages vs. Critical Risk Factors

Key Advantages (Pros)

  • Low Opening Bid Basis: Starting at $25,000 ($3,511/acre), below its tax assessed value of $26,400.
  • Minimal Tax Overhead: Annual property taxes total just $10.33 per month with zero HOA dues.
  • Turnkey Off-Grid Setup: Includes working gravity spring water, solar power, wood heat, and a composting toilet.
  • Multiple Accommodations: Features two cabin shells and an included camper trailer for flexible use.
  • Water Features: Includes ~400 feet of direct frontage along Shooting Creek and a ridge-fed spring.

Critical Risk Factors (Cons)

  • Auction Closing Terms: Requires non-contingent cash-closing capability by September 30th.
  • Access Contingencies: Upper cabin access currently relies on an informal verbal agreement; re-establishing the private internal roadbed will require excavation work.
  • Steep Topography: Rugged mountain slopes restrict heavy construction and large agricultural uses.

Essential Buyer Due Diligence Roadmap

  1. Review Official Bidder Packet: Obtain survey maps, legal disclosures, and Right-of-Way documentation from the auction company.
  2. Inspect Access Right-of-Way: Walk the shared gravel driveway on the Southeast side to verify legal easement rights.
  3. Assess Internal Access Roadbed: Inspect the existing roadbed on the subject parcel to estimate clearing and grading costs for private access to the upper cabin.
  4. Inspect Spring & Solar Hardware: Test water flow from the 450-foot gravity line and check the condition of the solar inverter and battery system.
  5. Factor in Auction Premium: Ensure your final bidding strategy accounts for closing costs and any applicable buyer’s premium fees.

Listed on Zillow

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