481 Race Ground Road

Somerset, VA 22972

$2,000,000
Last Sold Price
12,675,960 / 291
Lot Size / Acres

Description

Glenwood, circa 1850 located in the Somerset area of Madison county. The 291 acres are mostly open with exceptional soils ideal for horses, cattle, or crops. Pastures have good fencing, and automatic waters. The farm has long frontage on the Rapidan River, and has a significant stream running through the property. Wonderful views of the Blue Ridge, and South West Mtns at numerous locations on the property. The historic frame house has a brick foundation with two floors above an English basement....Glenwood, circa 1850 located in the Somerset area of Madison county. The 291 acres are mostly open with exceptional soils ideal for horses, cattle, or crops. Pastures have good fencing, and automatic waters. The farm has long frontage on the Rapidan River, and has a significant stream running through the property. Wonderful views of the Blue Ridge, and South West Mtns at numerous locations on the property. The historic frame house has a brick foundation with two floors above an English basement. The house has four bedrooms, and two full baths, and is in need of renovation. Additional structures include an 1850 summer kitchen, two bedroom tenant house, numerous cattle barns, cattle feedlot and equipment sheds. Farm is an ideal candidate for a conservation easement. Located within two hours of DC, and thirty minutes to Charlottesville. Property is being sold in as-is condition.
  1. Listed by JUSTIN H. WILEY • WILEY REAL ESTATE-ORANGE
    P: 540-672-3903 C: 434-981-5528 justin@wileyproperty.com

Property Details for 481 Race Ground Road

Subdivision
NONE
Directions
From Madison: Take 29 S to left on 230. Go 1 mile to a right on 231. Go 7 miles to a right on Race Ground Road.
Water
Individual Well
Zoning
A-1 Agricultural
View
Mountain View, Pastoral View, Water View

Location

Listing Courtesy of WILEY REAL ESTATE-ORANGE, JUSTIN H. WILEY

Sold By NONMLSOFFICE, NONMLSAGENT NONMLSAGENT

Add your commute
LISTING UPDATED: 08/16/2023 02:03 PM

Property Details for 481 Race Ground Road

StatusSold
MLS #638885
Days on Market124
Taxes$2,085 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Agricultural
Year Built-
Lot Size291.00 AC
CountyMadison County

Location

Listing Courtesy of WILEY REAL ESTATE-ORANGE, JUSTIN H. WILEY

Sold By NONMLSOFFICE, NONMLSAGENT NONMLSAGENT

Add your commute

Virtual Tour

Building Information for 481 Race Ground Road

Lot Size291.00 AC

Payment Calculator

$11,089 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,915

Property Taxes

$174

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 481 Race Ground Road

Summary
Location and General Information
  • County/Incorporated City: Madison
  • Road/Street: Gravel, Private Road
Taxes and HOA
  • Tax Year: 2023
  • Taxes: $2,085.00
  • HOA: No
  • Parcel Number: 69-2
School Information
  • Elem School: Madison Primary
  • High School: Madison (Madison)
  • Middle School: Wetsel
  • Other School: Woodberry Forest, Grymes
Virtual Tour
Property
Lot Information
  • # of Acres: 291.0
  • Price Per SQFT: $6,872.85
  • Land Description: Bottomland, Elevated, Gently Rolling, Open, Partly Wooded, Water Front
  • In Land Use: Yes
  • Farm Animals: Cows
  • Farm Improvements: Barn(s), Equipment Bldg, Grain Building, Riding Trails, Silo
Property and Assessments
  • Class: LAND
  • Property Type: Agricultural
  • Name of Property: Glenwood
  • Best Use: Farming, Grazing, Residential
  • Current Use: Crops, Farm, Pasture
  • Legal Description: In 220001250 290.609 Ac
  • Closing Costs at Ratification: 0.0
  • Lockbox: No
  • Division Rights: Yes
  • Agent Hit Count: 87
  • Client Hit Count: 28
  • Water Property: River, Stream-Creek
  • Listing Services: Exclusive Right to Sell
  • Improvements: Other Buildings, Tenant House
Green Features
  • Green Features: No
Utilities
  • Sewer/Septic: Septic Tank
  • Gas: Liquid Propane
  • Electric: Easements Recorded
Interior and Exterior Features
Exterior Features
  • Fenced: No
  • Fence: Condition Good, Cross Fencing, Electric, Woven Wire
  • Driveway: Yes

Property History for 481 Race Ground Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 481 Race Ground Road

Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 5
Public - 6 to 8
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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of WILEY REAL ESTATE-ORANGE, JUSTIN H. WILEY

Based on information from one of the following Multiple Listing Services: CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.