481 Race Ground Road

Active

$4,750,000

Est: $25,843/moGet pre-approved

4 beds5 baths4,136 sqft

481 Race Ground Rd, Somerset, VA 22972

Single FamilyProperty Type

290.06 acresLot Size

1850Year Built

$1,148/sq ftPrice per sq ft

Description

A Somerset landmark along the Rapidan River, historic Glenwood offers gracious living on a 290 acre working farm of cropland and a beef cattle operation. The c. 1850 manor is newly renovated and revitalized with sumptuous features, four bedrooms, four full and one half bathrooms over a finished English basement. The original summer kitchen is steps from the house and offers an ideal space for work and creative pursuits. The three bedroom farm manager's house is also newly renovated. Outdoor living...A Somerset landmark along the Rapidan River, historic Glenwood offers gracious living on a 290 acre working farm of cropland and a beef cattle operation. The c. 1850 manor is newly renovated and revitalized with sumptuous features, four bedrooms, four full and one half bathrooms over a finished English basement. The original summer kitchen is steps from the house and offers an ideal space for work and creative pursuits. The three bedroom farm manager's house is also newly renovated. Outdoor living spaces offer long views of open, rolling countryside and the Southwest Mountains. The Rapidan River, popular for fly fishing and canoeing, forms a nearly mile-long boundary. Farm features include 225 acres of fenced pasture, 55 acres of highly productive riverbottom cropland, cattle feedlot for 350 head, silos, and barns. Minutes from James Madison's Montpelier, Glenwood was part of an 18th century patent by the Barbour family, whose members figure prominently in early American history. Fiber optic internet installation is underway and will be available by fall.

124 days on Market

Listed by: JULIA PARKER LYMAN 540.748.1497 julia@loringwoodriff.com • LORING WOODRIFF REAL ESTATE ASSOCIATES

Last updated: 08/21/2026 01:30 PM • Source: BRIGHT, MLS#: 677782

Location

Listing Courtesy of LORING WOODRIFF REAL ESTATE ASSOCIATES

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$25,843 per month

30 year fixed, 7.03% Interest

Principal and Interest

$25,358

Property Taxes

$485

HOA Dues

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Property Information for 481 Race Ground Road

Property Details

Taxes: $5,820 / year
MLS Type: Residential / Single Family Residence
County: Madison County
Ownership: Other
Condo Coop Association: No
HOA: No
Structure Type: Detached
Style: Farmhouse/National Folk
Levels/Stories: 3
Garage: No
Subdivision: NONE AVAILABLE
Subdivision: NONE AVAILABLE (MADISON VA)
Building Name: Glenwood (ROCHELLE VA)
Central Air: No
Basement: Yes
Above Grade Finished SQFT: 3,424.00
Above Grade Fin SQFT Source: Estimated
Above Grade Unfinished SQFT: .00
Above Grade Unfin SQFT Source: Estimated
Below Grade Finished SQFT: 712.00
Below Grade Fin SQFT Source: Estimated
Below Grade Unfinished SQFT: 1,000.00
Below Grade Unfin SQFT Source: Estimated
Total Below Grade SQFT: 1,712.00
Total Below Grade SQFT Source: Estimated
New Construction: No
Construction Completed: No

Building Information

Stories: 3
Year Built: 1850
Lot Size: 290.06 AC / 12,635,013 SF

Location

Location

School District Name: MADISON COUNTY PUBLIC SCHOOLS
School District County ID: 121138932292

SchoolDistrictSource: Listing Agent
Elementary School: MADISON PRIMARY (MADISON VA)
Middle Or Junior School: WILLIAM WETSEL (MADISON VA)
MiddleSchoolSource: Listing Agent
High School: MADISON (MADISON) (MADISON VA)
HighSchoolSource: Listing Agent
County: MADISON

Waterfront / Water Access

Waterfront / Water Access

Water View: No
Water Oriented: No

Taxes and Assessment

Taxes and Assessment

Tax Year: 2026
Zoning: A-1

Zoning Dscrp: Agricultural

Rooms

Main

# Bedrooms Count Main Level: 0
# Bathrooms Count Main Level: 1

# Bathrooms Full Main Level: 1

All Upper Levels

# Bedrooms Count All Upper Levels: 4
# Bathrooms Count All Upper Levels: 3

All Lower Levels

# Bedrooms All Lower Levels: 0
# Bathrooms All Lower Levels: 1

Rooms

Room List: Living Room, Dining Room, Kitchen, Family Room, Den, Foyer, Laundry, Utility Room, Full Bath, Additional Bedroom
Stories: Main

Rooms Information

Room 1

Room Type: Full Bath
Room Level: First

Room Exists: Yes

Room 2

Room Type: Additional Bedroom
Room Level: Second

Room Exists: Yes

Room 3

Room Type: Additional Bedroom
Room Level: Second

Room Exists: Yes

Room 4

Room Type: Full Bath
Room Level: First

Room Exists: Yes

Room 5

Room Type: Den
Room Level: Basement

Room Exists: Yes

Room 6

Room Type: Full Bath
Room Level: Basement

Room Exists: Yes

Room 7

Room Type: Utility Room
Room Level: Basement

Room Exists: Yes

Room 8

Room Type: Laundry
Room Level: First

Room Exists: Yes

Room 9

Room Type: Foyer
Room Level: First

Room Exists: Yes

Room 10

Room Type: Living Room
Room Level: Second

Room Exists: Yes

Room 11

Room Type: Kitchen
Room Level: First

Room Exists: Yes

Room 12

Room Type: Dining Room
Room Level: Second

Room Exists: Yes

Room 13

Room Type: Family Room
Room Level: Main

Room Exists: Yes

Room 14

Room Type: Full Bath
Room Level: Main

Room Exists: Yes

Room 15

Room Type: Additional Bedroom
Room Level: Upper 1

Room Exists: Yes

Building Info

Building Info

Building Total SQFT: 6786
Total Finished SQFT: 4,136.00

Total Finished SQFT Source: Estimated
Total Finished SQFT Units: Square Feet
Total SQFT: 5,136.00
Total SQFT Source: Estimated
Roof: Architectural Shingle
Ext Main Mid-res: http://bright-media02.prd.brightmls.com/bright/images/0000/8049/8261/5186/804982615186_512_384_J7lkZ3us8MdhljkS.jpg
Flooring Type: Ceramic Tile, Wood
Basement Type: Interior Access, Partially Finished, Walkout Level
Foundation Details: Brick/Mortar
Room and Floor: Bathrooms Full-Main Level-1
# Bathrooms Full: 5
# Bathrooms Half: 0
Other Structure: Above Grade, Below Grade

Interior Features

Interior Features

Fireplace: No
Accessibility Features: None

Virtual Tour URL Unbranded: https://media.autoreelapp.com/renders/i2gwzlourf/out.mp4

Utilities

Utilities

Utilities: Fiber Optic Available
Cooling: No

Cooling Type: Heat Pump(s)
Heating Fuel: Propane - Owned
Water Source: Well
Sewer Septic: Septic Exists
Internet Services: Fiber Optic

Property History for 481 Race Ground Road

Date	Event & Source	Price	Appreciation
Sep 30, 2026	Temp Off Market Harrisonburg-Rockingham AOR #1000402996		—
Jun 6, 2026	Listed (Active) CAAR #677782		—
May 29, 2026	Listed (Active) Harrisonburg-Rockingham AOR #677782	$4,750,000	—
May 29, 2026	Listed (Active) BRIGHT #677782	$4,750,000	—
May 29, 2026	Listed (Active) CAAR #677782	$4,750,000	—
Aug 15, 2023	Closed CAAR #638885	$2,000,000	—
Aug 15, 2023	Closed Harrisonburg-Rockingham AOR #638885	$2,000,000	—
Aug 14, 2023	Closed CVRMLS #2308326	$2,000,000	—
Aug 11, 2023	Closed (Public Record) Public Record #1517663139	$2,000,000	—
Aug 11, 2023	Closed (Public Record) Public Record #1517663139	$2,000,000	+4.6% / yr
Jun 30, 2023	Pending CVRMLS #2308326		—
Jun 21, 2023	Price Change CVRMLS #2308326	$2,200,000	—
May 9, 2023	Price Change CVRMLS #2308326	$2,400,000	—
Apr 10, 2023	Listed (Active) CVRMLS #2308326	$2,500,000	—
Feb 27, 2023	Listed (Active) Harrisonburg-Rockingham AOR #638885	$2,770,000	—
Feb 27, 2023	Listed (Active) CAAR #638885	$2,770,000	—
Dec 28, 2020	Closed Harrisonburg-Rockingham AOR #574866	$1,775,000	—
Dec 28, 2020	Closed CVRMLS #1813176	$1,775,000	—
Dec 28, 2020	Closed CAAR #574866	$1,775,000	—
Dec 21, 2020	Closed (Public Record) Public Record #1433883271	$1,775,000	—
Dec 21, 2020	Closed (Public Record) Public Record #1433883271	$1,775,000	—
Oct 3, 2020	Pending CVRMLS #1813176		—
Apr 16, 2018	Listed (Active) CVRMLS #1813176	$2,500,000	—
Apr 16, 2018	Listed (Active) Harrisonburg-Rockingham AOR #1000402996	$2,500,000	—
Apr 15, 2018	Listed (Active) CAAR #574866	$2,500,000	—
Apr 15, 2018	Listed (Active) Harrisonburg-Rockingham AOR #574866	$2,500,000	—
Oct 2, 2016	Expired CAAR #541542	$7,800,000	—
Oct 2, 2016	Expired Harrisonburg-Rockingham AOR #526103	$8,500,000	—
Oct 2, 2016	Expired Harrisonburg-Rockingham AOR #541542	$7,800,000	—
Oct 2, 2016	Expired CAAR #526103	$8,500,000	—
Jan 20, 2016	Listed (Active) CAAR #541542	$7,800,000	—
Jan 20, 2016	Listed (Active) Harrisonburg-Rockingham AOR #541542	$7,800,000	—
Oct 20, 2014	Listed (Active) Harrisonburg-Rockingham AOR #526103	$8,500,000	—
Oct 20, 2014	Listed (Active) CAAR #526103	$8,500,000	—

Date	Event & Source	Price
09/30/2026	Temp Off Market Harrisonburg-Rockingham AOR #1000402996	—
06/06/2026	Listed (Active) CAAR #677782	—
05/29/2026	Listed (Active) Harrisonburg-Rockingham AOR #677782	$4,750,000
05/29/2026	Listed (Active) BRIGHT #677782	$4,750,000
05/29/2026	Listed (Active) CAAR #677782	$4,750,000
08/15/2023	Closed CAAR #638885	$2,000,000
08/15/2023	Closed Harrisonburg-Rockingham AOR #638885	$2,000,000
08/14/2023	Closed CVRMLS #2308326	$2,000,000
08/11/2023	Closed (Public Record) Public Record #1517663139	$2,000,000
08/11/2023	Closed (Public Record) Public Record #1517663139	$2,000,000 +4.6% / yr
06/30/2023	Pending CVRMLS #2308326	—
06/21/2023	Price Change CVRMLS #2308326	$2,200,000
05/09/2023	Price Change CVRMLS #2308326	$2,400,000
04/10/2023	Listed (Active) CVRMLS #2308326	$2,500,000
02/27/2023	Listed (Active) Harrisonburg-Rockingham AOR #638885	$2,770,000
02/27/2023	Listed (Active) CAAR #638885	$2,770,000
12/28/2020	Closed Harrisonburg-Rockingham AOR #574866	$1,775,000
12/28/2020	Closed CVRMLS #1813176	$1,775,000
12/28/2020	Closed CAAR #574866	$1,775,000
12/21/2020	Closed (Public Record) Public Record #1433883271	$1,775,000
12/21/2020	Closed (Public Record) Public Record #1433883271	$1,775,000
10/03/2020	Pending CVRMLS #1813176	—
04/16/2018	Listed (Active) CVRMLS #1813176	$2,500,000
04/16/2018	Listed (Active) Harrisonburg-Rockingham AOR #1000402996	$2,500,000
04/15/2018	Listed (Active) CAAR #574866	$2,500,000
04/15/2018	Listed (Active) Harrisonburg-Rockingham AOR #574866	$2,500,000
10/02/2016	Expired CAAR #541542	$7,800,000
10/02/2016	Expired Harrisonburg-Rockingham AOR #526103	$8,500,000
10/02/2016	Expired Harrisonburg-Rockingham AOR #541542	$7,800,000
10/02/2016	Expired CAAR #526103	$8,500,000
01/20/2016	Listed (Active) CAAR #541542	$7,800,000
01/20/2016	Listed (Active) Harrisonburg-Rockingham AOR #541542	$7,800,000
10/20/2014	Listed (Active) Harrisonburg-Rockingham AOR #526103	$8,500,000
10/20/2014	Listed (Active) CAAR #526103	$8,500,000

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

Public records

481 Race Ground Road

Total Finished SqFt

3,424 SqFt

Above Grade Finished SqFt

3,424 SqFt

Stories

Lot Size

12,658,928 SqFt

Style

Miscellaneous Agricultural

Year Built

1850

Schools near 481 Race Ground Road

This home is within Madison County Public Schools.


Rating	School	Type	Grades	Distance
5/10	Madison Primary School	Public - Serves this home	PK to 2	8.3 mi
4/10	Waverly Yowell Elementary School	Public - Serves this home	3 to 5	9.9 mi
4/10	William H. Wetsel Middle School	Public - Serves this home	6 to 8	8.6 mi
6/10	Madison County High School	Public - Serves this home	9 to 12	8.7 mi


Rating	School	Distance
5/10	Madison Primary School PublicPK to 2 Serves this home	8.3 mi
4/10	Waverly Yowell Elementary School Public3 to 5 Serves this home	9.9 mi
4/10	William H. Wetsel Middle School Public6 to 8 Serves this home	8.6 mi
6/10	Madison County High School Public9 to 12 Serves this home	8.7 mi

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 481 Race Ground Road, Somerset, VA 22972

481 Race Ground Road is a single family home for sale in Somerset, VA 22972. This property was listed for sale on May 29, 2026 by LORING WOODRIFF REAL ESTATE ASSOCIATES, it's currently listed at $4,750,000. It has been on the market for a total of 124 days and was last sold on August 15, 2023. 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. 481 Race Ground Road is a 4-bed, 5-bath, 4,136 sqft single family home built in 1850.

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 LORING WOODRIFF REAL ESTATE ASSOCIATES

© 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 08/21/2026 01:30 PM

481 Race Ground Rd, Somerset, VA 22972

Property Details

Building Information

Location

Waterfront / Water Access

Taxes and Assessment

Rooms

Rooms Information

Building Info

Interior Features

Utilities

Total Finished SqFt

Above Grade Finished SqFt

Stories

Lot Size

Style

Year Built

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More information about 481 Race Ground Road, Somerset, VA 22972