202 Innovation Ln

Madison, VA 22727

$875,000
Price
4
Beds
4,497 Sq. Ft.
$195 / Sq. Ft.
4,497
Sq. Ft.
$195
per Sq. Ft.
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Coming Soon
Coming Soon
Welcome to Your Private Oasis

Description

Welcome home to this stunning brick, stone, and vinyl sided Colonial nestled on 3.86 picturesque acres in the heart of Madison County. Offering over-sized living spaces, timeless curb appeal, and endless possibilities, this exceptional property is the perfect blend of elegance, comfort, and country living. Inside, you'll find four spacious bedrooms and three full baths, with generous room sizes designed for both everyday living and entertaining. The well-appointed floor plan provides flexibility...Welcome home to this stunning brick, stone, and vinyl sided Colonial nestled on 3.86 picturesque acres in the heart of Madison County. Offering over-sized living spaces, timeless curb appeal, and endless possibilities, this exceptional property is the perfect blend of elegance, comfort, and country living. Inside, you'll find four spacious bedrooms and three full baths, with generous room sizes designed for both everyday living and entertaining. The well-appointed floor plan provides flexibility for today's lifestyle, while the fully finished lower level features a second kitchen—ideal for multi-generational living, extended guests, entertaining, or creating the ultimate recreation space. Step outside to your own private retreat where the sparkling in-ground pool invites you to relax, unwind, and enjoy warm Virginia summers. The expansive acreage offers plenty of room for gardening, recreation, or simply taking in the peaceful surroundings. Best of all, there's no HOA, giving you the freedom to enjoy your property your way while still being conveniently located to Madison, Culpeper, Charlottesville, and the Blue Ridge Mountains. If you've been searching for space, privacy, and a home designed for making lasting memories, this exceptional Colonial is one you won't want to miss!
  1. Listed by Brenda L Payne • Long & Foster Real Estate, Inc.
    P: (540)-270-1795 brenda.payne@lnf.com

Property Details for 202 Innovation Lane

Tax ID Number
40 79K
Ownership
Fee Simple
Condo Coop Association
No
HOA
No
Structure Type
Detached
Style
Colonial, Traditional
Levels/Stories
3
Waterfront
No
LISTING UPDATED: 07/16/2026 02:04 PM

Property Details for 202 Innovation Lane

StatusComing Soon
MLS #VAMA2002874
Days on Market-
Taxes$3,856 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Fee Simple
Year Built2007
Lot Size3.86 AC / 168,141 SF
CountyMadison County
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Location

Listing Courtesy of Long & Foster Real Estate, Inc.
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Building Information for 202 Innovation Lane

Stories3Year Built2007Building Size-Lot Size3.86 AC / 168,141 SF

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$4,682 per month

30 year fixed, 6.36% Interest

Principal and Interest

$4,360

Property Taxes

$321

HOA Dues

$0

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Property Information for 202 Innovation Lane

Location
Location
  • In City Limits: No
  • School District Name: MADISON COUNTY PUBLIC SCHOOLS
  • School District County ID: 121138932292
  • SchoolDistrictSource: 3rd Party
  • Elementary School: WAVERLY YOWELL (MADISON VA)
  • ElementarySchoolSource: 3rd Party
  • Middle Or Junior School: WILLIAM H. WETSEL (MADISON VA)
  • MiddleSchoolSource: 3rd Party
  • High School: MADISON COUNTY (MADISON VA)
  • HighSchoolSource: 3rd Party
  • County: MADISON
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Senior Community: No
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $917,500
  • Year Assessed: 2026
  • County Tax: $3,856
  • Improvement Assessed Value: $772,700
  • Land Assessed Value: $100,600
  • Agricultural Tax Due: No
  • Historic: No
  • Zoning: A1
  • Tax Lot: 6
  • Tax Page Number: 98
  • Automatically Update Tax Values Y/N: No
Rooms
Main
  • # Bedrooms Count Main Level: 1
  • # Bathrooms Count Main Level: 2
  • # Bathrooms Full Main Level: 1
  • # Bathrooms Half Main Level: 1
All Upper Levels
  • # Bedrooms Count All Upper Levels: 3
  • # Bathrooms Count All Upper Levels: 1
  • # Bathrooms Full All Upper Levels: 1
  • # Bathrooms Half All Upper Levels: 0
Upper Level 1
  • # Bedrooms Count Upper Level: 3
  • # Bathrooms Count Upper Level: 1
  • # Bathrooms Full Upper Level: 1
  • # Bathrooms Half Upper Level: 0
All Lower Levels
  • # Bedrooms All Lower Levels: 0
  • # Bathrooms All Lower Levels: 1
  • # Bathrooms Full All Lower Levels: 1
  • # Bathrooms Half All Lower Levels: 0
Lower Level 1
  • # Bedrooms Lower Level: 0
  • # Bathrooms Lower Level: 1
  • # Bathrooms Full Lower Level: 1
  • # Bathrooms Half Lower Level: 0
Rooms
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Laundry, Other, Office, Storage Room, Bathroom 1, Primary Bathroom, Half Bath
  • Stories: Lower 1, Main, Upper 1
Rooms Information
Room 1
  • Room Type: Bedroom 1
  • Room Length: 15.0
  • Room Width: 15.0
  • Room Level: Upper 1
  • Room Exists: Yes
  • Room Features: Flooring - Carpet, Ceiling Fan(s)
Room 2
  • Room Type: Bedroom 2
  • Room Length: 14.0
  • Room Width: 16.0
  • Room Level: Upper 1
  • Room Exists: Yes
  • Room Features: Flooring - Carpet, Ceiling Fan(s)
Room 3
  • Room Type: Bathroom 1
  • Room Length: 17.0
  • Room Width: 6.0
  • Room Level: Upper 1
  • Room Exists: Yes
  • Room Features: Countertop(s) - Solid Surface, Double Sink, Flooring - Vinyl, Jack and Jill Bathroom
Room 4
  • Room Type: Living Room
  • Room Length: 20.0
  • Room Width: 18.0
  • Room Level: Main
  • Room Exists: Yes
  • Room Features: Fireplace - Gas, Flooring - HardWood, Lighting - Ceiling
Room 5
  • Room Type: Dining Room
  • Room Length: 16.0
  • Room Width: 14.0
  • Room Level: Main
  • Room Exists: Yes
  • Room Features: Flooring - HardWood
Room 6
  • Room Type: Kitchen
  • Room Length: 24.0
  • Room Width: 12.0
  • Room Level: Main
  • Room Exists: Yes
  • Room Features: Flooring - HardWood, Built-Ins, Countertop(s) - Granite, Kitchen - Propane Cooking, Lighting - Pendants, Pantry, Breakfast Nook
Room 7
  • Room Type: Laundry
  • Room Length: 14.0
  • Room Width: 12.0
  • Room Level: Main
  • Room Exists: Yes
  • Room Features: Flooring - Vinyl
Room 8
  • Room Type: Primary Bedroom
  • Room Length: 18.0
  • Room Width: 15.0
  • Room Level: Main
  • Room Exists: Yes
  • Room Features: Flooring - HardWood, Walk-In Closet(s)
Room 9
  • Room Type: Other
  • Room Length: 8.0
  • Room Width: 5.0
  • Room Level: Main
  • Room Exists: Yes
  • Room Features: Flooring - HardWood, Pantry, Built-Ins
Room 10
  • Room Type: Primary Bathroom
  • Room Length: 14.0
  • Room Width: 10.0
  • Room Level: Main
  • Room Exists: Yes
  • Room Features: Countertop(s) - Solid Surface, Double Sink, Flooring - Luxury Vinyl Plank
Room 11
  • Room Type: Other
  • Room Length: 14.0
  • Room Width: 8.0
  • Room Level: Main
  • Room Exists: Yes
  • Room Features: Built-Ins, Flooring - HardWood
Room 12
  • Room Type: Office
  • Room Length: 14.0
  • Room Width: 14.0
  • Room Level: Main
  • Room Exists: Yes
  • Room Features: Built-Ins, Flooring - HardWood
Room 13
  • Room Type: Family Room
  • Room Length: 28.0
  • Room Width: 17.0
  • Room Level: Lower 1
  • Room Exists: Yes
  • Room Features: Ceiling Fan(s), Flooring - Vinyl
Room 14
  • Room Type: Kitchen
  • Room Length: 14.0
  • Room Width: 13.0
  • Room Level: Lower 1
  • Room Exists: Yes
  • Room Features: Flooring - Vinyl, Kitchen - Eat-in
Room 15
  • Room Type: Other
  • Room Length: 20.0
  • Room Width: 11.0
  • Room Level: Lower 1
  • Room Exists: Yes
  • Room Features: Attached Bathroom, Flooring - Vinyl
Room 16
  • Room Type: Bathroom 1
  • Room Level: Lower 1
  • Room Exists: Yes
  • Room Features: Flooring - Vinyl, Bathroom - Tub Shower
Room 17
  • Room Type: Storage Room
  • Room Length: 28.0
  • Room Width: 15.0
  • Room Level: Lower 1
  • Room Exists: Yes
Room 18
  • Room Type: Bedroom 3
  • Room Length: 15.0
  • Room Width: 13.0
  • Room Level: Upper 1
  • Room Exists: Yes
  • Room Features: Flooring - Carpet, Ceiling Fan(s)
Room 19
  • Room Type: Half Bath
  • Room Level: Main
  • Room Exists: Yes
Building Info
Building Info
  • Builder Name: GRAYSTONE HOMES, INC
  • Total Finished SQFT: 4,497.00
  • Total Finished SQFT Source: Estimated
  • Total SQFT: 5,238.00
  • Total SQFT Source: Estimated
  • Construction Materials: Combination, Brick, Stone, Vinyl Siding
  • Roof: Shingle
  • Ext Main Mid-res: http://bright-media01.prd.brightmls.com/bright/images/0000/8051/6217/1788/805162171788_512_384_WM_bwDlzmgP3LgWSCd8.jpg
  • Wall and Ceiling Types: Dry Wall, 9'+ Ceilings
  • Flooring Type: Hardwood, Vinyl, Carpet
  • Basement Type: Connecting Stairway, Rear Entrance, Sump Pump, Full, Walkout Level, Daylight, Partial, Partially Finished, Windows, Workshop, Outside Entrance
  • Foundation Details: Concrete Perimeter
  • Room and Floor: Bedrooms-Main Level-1, Bathrooms Full-Main Level-1, Bathrooms Half-Main Level-1, Bedrooms-Upper Level 1-1, Bedrooms-Upper Level 1-2, Bedrooms-Upper Level 1-3, Bathrooms Full-Upper Level 1-1, Bathrooms Full-Lower Level 1-1
  • # Bathrooms Full: 3
  • # Bathrooms Half: 1
  • Other Structure: Pool Equipment Shed, Shed
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Lot Features: Backs to Trees, Front Yard, Landscaping, Level, Open, Rear Yard, Rural, Stream/Creek
  • Additional Parcels: No
Parking
Parking
  • Type Of Parking: Attached Garage
  • Num of Attached Garage Spaces: 2
  • Total Garage Spaces: 2
  • Parking Features: Asphalt Driveway
  • Garage Features: Garage Door Opener
Interior Features
Interior Features
  • Interior Features: Breakfast Area, Family Room Off Kitchen, Primary Bath(s), Entry Level Bedroom, Upgraded Countertops, Floor Plan - Open, 2nd Kitchen, Built-Ins, Ceiling Fan(s), Dining Area, Kitchen - Gourmet, Kitchen - Island, Pantry, Bathroom - Tub Shower, Walk-in Closet(s), Wood Floors, Bathroom - Stall Shower, Formal/Separate Dining Room, Kitchen - Table Space, Store/Office, Wet/Dry Bar
  • Fireplace: Yes
  • Fireplaces Count: 1
  • Fireplace Features: Fireplace - Glass Doors, Stone
  • Appliances: Dishwasher, ENERGY STAR Refrigerator, Microwave, Oven/Range - Gas, Built-In Microwave, Cooktop, Cooktop - Down Draft, Dryer - Electric, Oven/Range - Electric, Refrigerator, Washer, Water Heater - Tankless
  • Accessibility Features: None
  • Door Features: Insulated, Six Panel
  • Window Features: Double Pane, Insulated, Vinyl Clad
  • Laundry Type: Main Floor, Basement
Exterior Features
Exterior Features
  • Pool: Yes - Personal
Utilities
Utilities
  • Utilities: Cable TV, Propane, Under Ground
  • Heating: Yes
  • Cooling Type: Ceiling Fan(s), Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Central
  • Heating Fuel: Propane - Leased
  • Hot Water: Propane
  • Water Source: Well
  • Sewer Septic: Septic Exists, Septic = # of BR
  • Internet Services: Cable
Confidential Data
Listing Office
  • List Agent AOR: Greater Piedmont REALTORS
  • List Agent URL: www.brendae.com

Property History for 202 Innovation Lane

DateEvent & SourcePriceAppreciation
Jun 24, 2024

Closed (Public Record)

Public Record #1536120165

$832,000

+11.3% / yr

Nov 6, 2007

Closed (Public Record)

Public Record #1089686112

$139,900—
DateEvent & SourcePrice
06/24/2024

Closed (Public Record)

Public Record #1536120165

$832,000

+11.3% / yr

11/06/2007

Closed (Public Record)

Public Record #1089686112

$139,900

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 202 Innovation Lane

Taxable ValueLand$100,600Additions$816,900Total$917,500
Tax Record2025$4,679 ($390 / month)
Home Facts
Beds3Total Finished SqFt3,605 SqFtAbove Grade Finished SqFt3,605 SqFtStories2Lot Size168,316 SqFtStyleSingle Family ResidenceYear Built2007ZoningA1CountyMADISONAPN40 79K

Schools near 202 Innovation Lane

This home is within Madison County Public Schools.
Rating
School
Type
Grades
Distance
Madison Primary School
Public - PK to 2
Waverly Yowell Elementary School
Public - 3 to 5
William H. Wetsel Middle School
Public - 6 to 8
Madison County High School
Public - 9 to 12
Rating
School
Distance
Madison Primary School
PublicPK to 2

Waverly Yowell Elementary School
Public3 to 5

William H. Wetsel Middle School
Public6 to 8

Madison County High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 202 Innovation Lane, Madison, VA 22727

202 Innovation Lane is a single family home Coming Soon in Madison, VA 22727. This property is currently priced at $875,000. This listing's school district is Madison County Public Schools. Nearby schools include Madison Primary School, Waverly Yowell Elementary School and William H. Wetsel Middle School. 202 Innovation Lane is a 4-bed, 4-bath, 4,497 sqft single family home built in 2007.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Long & Foster Real Estate, Inc.

© 2026 Bright MLS. All rights reserved. All information is deemed reliable, but accuracy is not guaranteed. Listing information is from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for the consumer’s 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 last updated on 07/16/2026 02:04 PM