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0 Indian Summer Ln, Ferrum, VA 24088

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For Sale

$75,000

3.61 acres

Estimated Payment

$ 390 /mo. †

6.63% APR for 30 yrs.
$68 in taxes
Change Loan Terms

  • Other Residential
    Property type

  • 3.6 acres
    Lot size

Explore this Property

Unique property located extremely close to Philpott Lake. Great views of the lake and private building site near deep water. Opportunity for private building site with very close proximity to Philpott Lake. Taxes and acreage based on county records. Buyer to install power, well, and septic. Access to spring on adjacent lot. Owner has active real estate license in North Carolina.
MLS# 908514

Courtesy Of Mountain to Lake Realty

(540) 483-5566

Property Features

  • Architecture Style
    Other
  • Lot Size
    3.61 Acres
  • View Type
    Mountain

Map and Directions

Directions to 0 Indian Summer Ln, Ferrum, VA 24088

Home seller CENTURY 21 Wampler Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Wampler Realty

(540) 992-2500
Learn More About Us

Mortgage Calculator

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Loan Term
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Monthly Payment Breakdown

  • Principle and Interest
    $384
  • Property Taxes
    $5
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $390

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Ferrum Elementary School

Grades PK-5 Public School

Ferrum, VA 24088 5.1 miles
660 ferrum rd

232 total students
14:1 Student teacher ratio

School Rating: B

School Details

Benjamin Franklin Middle School

Grades 6-8 Public School

Rocky Mount, VA 24151 15.3 miles
225 middle school rd

1538 total students
12:1 Student teacher ratio

School Rating: C

School Details

Franklin County High School

Grades 9-12 Public School

Rocky Mount, VA 24151 14.9 miles
700 tanyard rd

2016 total students
13:1 Student teacher ratio

School Rating: D

School Details

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Ferrum, VA 24088

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Ferrum, VA 24088

This community’s employment is highest in the education and administrative support industries. The area’s overall household expenses are below the national average.

86° July
Hottest Average Month
25° January
Coldest Average Month
1,914 Total Households in Area
2.7% Increase in population since the year 2010
29.1%
of households
have children
29 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Ferrum, VA 24088

Ferrum, VA 24088 has a population of 5,295 people in 1,914 households with a median age of 41.1 years old.

2.7%
Increase in population
since the year 2010
Population is Trending up
1,841
Total households as of 2010
3.4%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 41.1 years old. The smallest percentage group is 18-24 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 88%
Black 5%
Hispanic 4%
Other 1%
Asian 1%
Native American <1%
The most prevalent ethnicity is White at 88%, followed by Black at 5%, Hispanic at 4%, and Other at 1%.

Economics
for Ferrum, VA 24088

45 /sq mi
Population Density
$47,530 /yr
Median Household Income
$272,500
Median Sales Price
29 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 16.59% of the households.

Transportation to Work

  • Drive 83%
  • Work from Home 9%
  • Walk or Bike 8%
  • Public Transit 0%

Occupancy by Type

Owned 1,495 62%
Vacant 515 21%
Rented 418 17%

White vs Blue Collar Jobs







White Collar 70%
Blue Collar 30%

Family & Education Facts
for Ferrum, VA 24088

41.1 Median Age

Average Household Size

2.4
persons per
household

48.3%

Married Households

Community Population By Education

High School Graduate 35%
Some College 21%
Some High School 17%
Associates Degree 11%
Bachelors Degree 11%
Graduate Degree 5%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 34.64% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
29.1% of households have children

Weather
for Ferrum, VA 24088

The weather for this area ranges from a high of 86° F in July to a low of 25° F in January

86° July
Hottest Average Month
25° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
25°
46°
Feb
27°
49°
Mar
34°
58°
Apr
43°
68°
May
51°
76°
Jun
59°
83°
Jul
64°
86°
Aug
63°
85°
Sep
56°
79°
Oct
44°
69°
Nov
35°
59°
Dec
28°
48°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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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. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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