Last Sold Price
4 beds4,364 sqft$121/sqft
321 Old Colonial Rd, Fries, VA 24330

Description

Falls Branch Farm is just a beautiful place including 75.2 acres of flat to rolling land, a pond and creek along the perimeter. Fenced and cross fenced for livestock. Large open field includes a large hoop house for gardening and plenty of hay ground. The cozy home has four bedrooms and two baths. The home has been recently updated but attention has been paid to retaining original features including gorgeous oak crown molding and door trim. Oak and pine floors throughout the home are original. Large...Falls Branch Farm is just a beautiful place including 75.2 acres of flat to rolling land, a pond and creek along the perimeter. Fenced and cross fenced for livestock. Large open field includes a large hoop house for gardening and plenty of hay ground. The cozy home has four bedrooms and two baths. The home has been recently updated but attention has been paid to retaining original features including gorgeous oak crown molding and door trim. Oak and pine floors throughout the home are original. Large front porch and side and back decks. The property also includes a historic barn with nine horse stalls and a large hay loft. An old corn crib is located near the barn. A 40X90 building with 4 garage doors, an office with a full bath, a woodshop, a contractors bathroom with exterior entrance, a commercial kitchen and two bedroom, 1 bath apartment. An additional 24X50 building includes 5 bays. There's so much to say about this beautiful property. Don't miss out on your dream farm!
LISTING CLOSED: 07/15/2022 12:00 AM

  1. Listed by Felicia Hash • Brokerage DRE #0226010945 • New River Realty 1, Inc.
    P: (276) 768-7537 C: (276) 768-7537 fhashnrr@gmail.com

Property Details for 321 Old Colonial Road

Status
MLS #
82893
Days on Market
51
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Single Family Residence
Year Built
1938
Lot Size
75.20 AC / 3,275,712 SF
Architectural Style
Farmhouse
Waterfront Features
Creek
Has Waterfront
Yes
Zoning Description
Rural Farm

Recent comparable sales

Median sold price

$355,000

Avg days on market

136

Sale-to-list ratio

90.1%

Fries, VA

9 comparable properties found

$535,000 | 5075 Carsonville Road, Fries, VA 24330
1/57
1

$535,000

Sold 11/24/25

2
Bedrooms
1,480
Square Feet
51.00
Acres
$150,000 | 420 Rock Hl Lane, Fries, VA 24330
1/101
2

$150,000

Sold 08/28/25

4
Bedrooms
1,877
Square Feet
3.4
Acres
$200,000 | 125 Lee Drive, Fries, VA 24330
1/36
3

$200,000

Sold 03/11/25

4
Bedrooms
2,598
Square Feet
0.2
Acres
4

$169,500

Sold 03/03/25

3
Bedrooms
2
Bathrooms
1,525
Square Feet
0.69
Acres
$550,000 | 1831 Clito Road, Fries, VA 24330
1/68
5

$550,000

Sold 07/20/26

3
Bedrooms
1,604
Square Feet
16.3
Acres
$750,000 | 3833 Liberty Hill Road, Fries, VA 24330
1/101
6

$750,000

Sold 05/08/26

5
Bedrooms
2,906
Square Feet
50
Acres
$355,000 | 965 Stevens Creek Road, Fries, VA 24330
1/33
7

$355,000

Sold 09/06/24

4
Bedrooms
1,800
Square Feet
101.63
Acres
$369,900 | 2593 Lime Kiln Road, Fries, VA 24330
1/63
8

$369,900

Sold 06/22/26

3
Bedrooms
1,596
Square Feet
1.92
Acres
$350,000 | 7407 Riverside Drive, Fries, VA 24330
1/80
9

$350,000

Sold 10/27/25

3
Bedrooms
1,440
Square Feet
2.01
Acres

Location

Listing Courtesy of New River Realty 1, Inc.

Sold By New River Realty 1, Inc.

Add your commute

Building Information for 321 Old Colonial Road

Stories-Year Built1938Building Size-Lot Size75.20 AC / 3,275,712 SF

Payment Calculator

$2,761 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,694

Property Taxes

$67

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 321 Old Colonial Road

Summary
Location and General Information
  • Directions: From the intersection of US58/US221 in Independence, Va, take US221 N. Travel 10.5 miles. Turn right onto Spring Valley Rd. Travel approximately 5 miles. Turn left onto Old Colonial Rd. Travel approximately 1/2 mile to property on the left.
  • Latitude: 36.742721
  • Longitude: -81.086969
Taxes and HOA
  • Association: No
  • Parcel Number: 22-1-5
  • Tax Lot: 22-1-5, 5A
  • Tax Year: 2022
School Information
  • Elementary School: Independence
  • High School: Grayson County
  • Middle Or Junior School: Grayson County
Parking
  • Attached Garage: No
  • Carport: Yes
  • Garage Spaces: 10.0
  • Garage: Yes
  • Parking Features: Detached Carport, Detached, Concrete, Driveway, RV Access/Parking, Garage
Property
Lot Information
  • Lot Features: Cleared, Level, Waterfront, Wooded, Rolling Slope, Secluded, Views
  • Lot Size Acres: 75.2
  • Lot Size Dimensions: 75.2 Acres
Property and Assessments
  • Building Area Total: 7788.0
  • Living Area: 4364.0
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1938
Building Features
  • Other Structures: Barn(s), Guest House, Shed(s), Outbuilding, Greenhouse
  • Construction Materials: Brick, Stone Veneer
  • Foundation Details: Block
  • Levels: Two
  • Roof: Shingle
Farm Information
  • Horse Amenities: Riding Trail
  • Horse: Yes
  • Other Equipment: Satellite Dish
Utilities
  • Sewer: Septic Tank
  • Utilities: Propane
  • Water Source: Well
Interior and Exterior Features
Exterior Features
  • Exterior Features: Lighting
  • Patio And Porch Features: Deck, Covered, Porch
Interior Features
  • Appliances: Dishwasher, Dryer, Refrigerator, Washer, Electric Water Heater, Range, Range Hood
  • Basement: Crawl Space, Block
  • Has Basement: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Cooling: Heat Pump
  • Has Cooling: Yes
  • Flooring: Tile, Wood
  • Heating: Heat Pump
  • Has Heating: Yes
  • Water Heater: Electric
  • Window Features: Insulated Windows
Room Information
Room 1
  • Level: Second
  • Type: Master Bedroom
Room 2
  • Type: Bathroom 3
Room 3
  • Level: First
  • Type: Bedroom 1
Room 4
  • Type: Great Room
Room 5
  • Level: Main
  • Type: Den
Room 6
  • Level: Second
  • Type: Bathroom 1
Room 7
  • Level: Main
  • Type: Kitchen
Room 8
  • Level: Main
  • Type: Bathroom 2
Room 9
  • Type: Bedroom 4
Room 10
  • Level: Main
  • Type: Living Room
Room 11
  • Level: Second
  • Type: Bedroom 3
Room 12
  • Level: Second
  • Type: Bedroom 2

Property History for 321 Old Colonial Road

DateEvent & SourcePriceAppreciation
Jul 15, 2022

Closed

Southwest Virginia AOR #82893

$530,000
Jul 5, 2022

Closed (Public Record)

Public Record #1496007388

$530,000

+17.5% / yr

Jun 1, 2022

Listed (Active)

Southwest Virginia AOR #82893

$540,000
DateEvent & SourcePrice
07/15/2022

Closed

Southwest Virginia AOR #82893

$530,000
07/05/2022

Closed (Public Record)

Public Record #1496007388

$530,000

+17.5% / yr

06/01/2022

Listed (Active)

Southwest Virginia AOR #82893

$540,000

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

Public Records for 321 Old Colonial Road

Taxable ValueLand$9,500Additions$128,400Total$137,900
Tax Record2025$800 ($67 / month)
Home Facts
Beds3Total Finished SqFt2,852 SqFtAbove Grade Finished SqFt2,852 SqFtStories2Lot Size30,056 SqFtStyleSingle Family ResidenceYear Built1938Year Renovated1974CountyGRAYSONAPN22 - 1- - 5

Schools near 321 Old Colonial Road

This home is within Grayson County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 7
Public - 9 to 12
Public - PK to 5
Public - 6 to 8
Rating
School
Distance
Fries Elementary
PublicPK to 7

Grayson County High School
Public9 to 12

Independence Elementary School
PublicPK to 5

Independence Middle School
Public6 to 8

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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 321 Old Colonial Road, Fries, VA 24330
$530,000
4
4,364
3,275,712
$85,000
631,620
$79,000
1
2
1,202
261,360
2
1
792
45,477
$90,000
2
2
864
198,111
$225,000
3
1,269
261,360

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. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of New River Realty 1, Inc.

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Southwest Virginia Association of REALTORS®. IDX information is provided exclusively 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. Real estate listings held by brokerage firms other than Compass and its related brokerages, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Southwest Virginia Association of REALTORS®. All Rights Reserved.