5.27-Acre Colonial Home Auction Opportunity with Pond Views in Powhatan, VA
An exceptional opportunity awaits in the scenic countryside of Powhatan, where this spacious two-story Colonial home is being offered through an online auction format designed to attract serious buyers, investors, and visionaries. This is not a traditional listing—this is your chance to determine the value and potentially secure a property with significant upside at a competitive price.
The property will be sold to the highest bidder, with a minimum acceptable high bid of $195,000. Including the 10% buyer’s premium, ownership could be secured starting at approximately $214,500. In a market where comparable homes in the surrounding area often sell in the $525,000 to $675,000 range, this auction represents a rare chance to acquire a large home on acreage well below typical market value—provided you are prepared to act strategically.
Set on approximately 5.27 acres, this property offers a combination of open space, privacy, and natural beauty. The home is positioned to overlook a pond and a neighboring horse farm, creating a peaceful and picturesque setting that enhances its overall appeal. The rolling terrain adds visual interest and provides opportunities for landscaping, outdoor recreation, or future improvements.
Location is another key advantage. The property is conveniently situated just minutes from major routes such as Interstate 288 and Route 711, offering relatively easy access to nearby towns and services while maintaining a quiet, rural atmosphere. This balance between accessibility and seclusion is increasingly sought after by buyers looking to escape more densely populated areas.
The home itself offers approximately 2,476 square feet of living space, with a layout that supports both everyday living and long-term flexibility. Built in 1980, the structure reflects classic Colonial architecture, characterized by symmetry, defined living spaces, and a traditional two-story design.
Inside, the home features four bedrooms and three full bathrooms, along with one half bath. This configuration provides ample space for families, guests, or even multi-purpose use such as home offices or hobby rooms. The layout is practical and well-defined, making it easier to plan renovations or updates according to your preferences.
The first floor includes several key living areas. A formal living room and dining room offer dedicated spaces for entertaining, while the family room—complete with a wood-burning fireplace—serves as a comfortable gathering area. The fireplace adds warmth and character, making it a natural focal point during colder months.
The eat-in kitchen provides both functionality and potential. With features such as laminate counters, a pantry, and included appliances like a dishwasher and water heater, it offers a starting point for customization. Buyers may choose to update finishes, reconfigure the layout, or incorporate modern design elements to create a more contemporary space.
Upstairs, the second floor is home to the primary bedroom, which includes an en-suite bathroom for added privacy and convenience. Three additional bedrooms and a full hall bath complete this level, offering flexibility for families or guests. The presence of multiple bedrooms makes the home adaptable to a variety of living arrangements.
The basement adds another dimension to the property. Partially finished, it includes a bonus room that can be used as a recreation area, guest suite, or home office. A full bathroom, utility room, and access to a one-car garage are also located on this level. This additional space increases the overall functionality of the home and provides opportunities for expansion or customization.
From a mechanical standpoint, the home is equipped with electric heating supported by a heat pump, along with central air conditioning. Ceiling fans throughout the home contribute to airflow and comfort. While some systems may benefit from updates, they provide a functional base for future improvements.
Flooring throughout the home is primarily carpet, which may be replaced or upgraded as part of a renovation plan. The attic, accessible via pull-down stairs, offers additional storage space—a practical feature for homeowners who need extra room for seasonal items or equipment.
Outside, the property continues to deliver value. In addition to the main home, there are additional structures including a pole barn and a shed. These outbuildings can be used for storage, workshops, or agricultural purposes, depending on your needs. The presence of these structures enhances the overall utility of the property.
The lot itself features a rolling slope, adding character and potential for creative landscaping. Whether you envision gardens, trails, or outdoor entertainment areas, the acreage provides the space to bring those ideas to life. The absence of fencing allows for flexibility in how the land is used and developed.
Parking is accommodated through a combination of an attached garage, driveway, and additional مساحة for vehicles. The garage is accessible from the basement and includes rear-facing access, while the unpaved driveway contributes to the property’s rural charm.
Utilities include a private well and septic system, which are typical for properties in this area. These systems provide independence from municipal services, though buyers should conduct inspections to ensure they meet current standards and are functioning properly.
The zoning designation of R-R (Rural Residential) supports a variety of uses, making the property suitable for residential living as well as certain agricultural or recreational activities. This flexibility is particularly valuable for buyers who want to explore different ways of using the land.
From a financial perspective, the property has a tax assessed value of $392,900 and annual taxes of approximately $2,946. These figures provide context for the property’s value while highlighting the potential advantage of acquiring it through auction.
The auction process itself is straightforward but requires preparation. Bidding will take place online, beginning on Tuesday, April 28 at 1:00 PM and ending on Thursday, April 30 at 1:00 PM. Interested buyers are encouraged to attend one of the scheduled open houses, which will be held on Monday, April 27 and Tuesday, April 28 from 11:00 AM to 1:00 PM. These events provide an opportunity to view the property in person and assess its condition.
As with most auction properties, the home is being sold as-is. This means that buyers should perform all necessary due diligence prior to bidding, including inspections, financing arrangements, and evaluation of renovation costs. There are no contingencies, so preparation is essential.
One of the key advantages of this property is its potential. While it may require updates or remodeling, the combination of size, location, and acreage creates a strong foundation for value creation. Whether you are an investor looking to renovate and resell, or a homeowner seeking a property to customize, the opportunities are significant.
The surrounding market adds another layer of appeal. With comparable homes selling at much higher price points, there is clear potential for equity growth. This makes the property not only a place to live but also a strategic investment.
Lifestyle is another important consideration. The peaceful setting, scenic views, and open space create an environment that supports relaxation and outdoor living. At the same time, the proximity to major routes ensures that you remain connected to nearby amenities and services.
In conclusion, this 5.27-acre Colonial home in Powhatan, Virginia, represents a unique auction opportunity with substantial upside. With its spacious layout, additional structures, and desirable location, it offers the key elements needed for both personal enjoyment and long-term value.
For buyers who are prepared to engage in the auction process and invest in the property’s potential, this listing stands out as a rare chance to secure a large home on acreage at a competitive price. Opportunities like this do not come along often—making it a property well worth serious consideration.
Listed on Zillow