481 Race Ground Rd

Somerset, VA 22972

$4,750,000
Price
4
Beds
4,136 Sq. Ft.
$1,148 / Sq. Ft.
4,136
Sq. Ft.
$1,148
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Coming Soon
Coming Soon

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, and five full bathrooms over a finished English basement. The original summer kitchen is steps from the house and offers an ideal space for work or creative pursuits. The three bedroom farm manager's house is also newly renovated. Outdoor living spaces offer...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, and five full bathrooms over a finished English basement. The original summer kitchen is steps from the house and offers an ideal space for work or 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.
  1. Listed by JULIA PARKER LYMAN • LORING WOODRIFF REAL ESTATE ASSOCIATES
    P: (540)-748-1497 julia@loringwoodriff.com

Property Details for 481 Race Ground Road

Ownership
Other
Condo Coop Association
No
HOA
No
Structure Type
Detached
Style
Farmhouse/National Folk
Levels/Stories
3
Garage
No
Subdivision
NONE AVAILABLE
LISTING UPDATED: 06/03/2026 02:07 PM

Property Details for 481 Race Ground Road

StatusComing Soon
MLS #677782
Days on Market-
Taxes$5,820 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Detached
Year Built1850
Lot Size290.06 AC / 12,635,013 SF
CountyMadison County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of LORING WOODRIFF REAL ESTATE ASSOCIATES
Add your commute

Building Information for 481 Race Ground Road

Stories3Year Built1850Building Size-Lot Size290.06 AC / 12,635,013 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$24,155 per month

30 year fixed, 6.36% Interest

Principal and Interest

$23,670

Property Taxes

$485

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 481 Race Ground Road

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: Upper 1
  • Room Exists: Yes
Room 2
  • Room Type: Additional Bedroom
  • Room Level: Upper 1
  • Room Exists: Yes
Room 3
  • Room Type: Additional Bedroom
  • Room Level: Upper 1
  • Room Exists: Yes
Room 4
  • Room Type: Full Bath
  • Room Level: Upper 1
  • Room Exists: Yes
Room 5
  • Room Type: Den
  • Room Level: Lower 1
  • Room Exists: Yes
Room 6
  • Room Type: Full Bath
  • Room Level: Lower 1
  • Room Exists: Yes
Room 7
  • Room Type: Utility Room
  • Room Level: Lower 1
  • Room Exists: Yes
Room 8
  • Room Type: Laundry
  • Room Level: Lower 1
  • Room Exists: Yes
Room 9
  • Room Type: Foyer
  • Room Level: Main
  • Room Exists: Yes
Room 10
  • Room Type: Living Room
  • Room Level: Main
  • Room Exists: Yes
Room 11
  • Room Type: Kitchen
  • Room Level: Main
  • Room Exists: Yes
Room 12
  • Room Type: Dining Room
  • Room Level: Main
  • 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
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
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

DateEvent & SourcePriceAppreciation
Aug 15, 2023

Closed

CAAR #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—
DateEvent & SourcePrice
08/15/2023

Closed

CAAR #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

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

Public Records for 481 Race Ground Road

Taxable ValueLand$2,368,500Additions$670,900Total$3,039,400
Tax Record2025$5,600 ($467 / month)
Home Facts
Total Finished SqFt3,424 SqFtAbove Grade Finished SqFt3,424 SqFtStories2Lot Size12,658,928 SqFtStyleMiscellaneous AgriculturalYear Built1850ZoningA1FPCountyMADISONAPN69 2

Schools near 481 Race Ground Road

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.

Similar Homes

Explore Nearby Homes

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

481 Race Ground Road is a single family home Coming Soon in Somerset, VA 22972. This property is currently priced at $4,750,000. 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. 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 descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. 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 06/03/2026 02:07 PM