22031 Milky Way Elkwood, VA $ 1,800,000
22031 Milky Way
$ 1,800,000
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22031 Milky Way

Elkwood, VA, 22718
$ 1,800,000
Baths0.0

Monthly Estimate*

$ 12,574

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Studio

Lots and Land for sale in Elkwood, VA

for $1,800,000. The lot size is 241.96.

Mountain Valley Farm is a beautiful 242-acre farm with softly rolling fields located around 8 miles east of the Town of Culpeper off Carrico Mill Rd. The property is bounded by trees on every side, with 1.3 miles of stream frontage on Mountain Run for your recreational enjoyment. An existing farmhouse is perfectly situated on top of a knoll overlooking the farm, offering a panoramic view that encompasses five counties! The surrounding area was the scene of a notable Civil War battle and will appeal to history buffs and nature lovers alike. Hunters will appreciate the natural populations of white-tailed deer, turkey, dove, and coyotes. The property was recently in use as a dairy farm, and has been used for farming and dairying since the area was settled in the late 18th century. Some farm buildings still exist from when Mountain Valley Farm was more fully utilized, but which are no longer being used or maintained. These include a dairy barn (which had a herringbone milking parlor with ten units and a 2,000 gal Mueller tank) with holding pen and a 110 x 170 stall-free barn that was built in 2007. Additional structures include a 40 x 90 machinery shed and 101 x 10 Slurrystore manure structure. A conservation easement is in place through the Department of Historic Resources intended to preserve the rural beauty and historical significance of the farm while still allowing improvement and modernization. Owners may reconstruct one single-family home (up to 4,500 SF above ground) at the site of the current farmhouse, plus one tenant home (up to 3,500 SF above ground) and associated smaller buildings (like detached garages, sheds, gazebos, or a pool house). A swimming pool or tennis/sport court, and a parking pad are allowed, along with a wide variety of agricultural and farm-related buildings and structures. Commercial uses are also allowed as long as they are performed inside/within the structures. The property may not be subdivided; it is being sold as, and must remain, one parcel. Please refer to the full terms of the conservation easement in the offering memorandum to determine what can or cannot be built on the property. Mountain Valley Farm occupies a convenient location near Route 15 and Route 3 with easy access to Culpeper, Bealeton, Warrenton, and Fredericksburg.

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Lots and Land Pending

Price

$ 1,800,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 2,499

Style

Agriculture

Lot Size

241.96

Town/City

Elkwood

County/Region

Culpeper

MLS | Web ID

VACU2006646

Features
General
Sewer Septic Exists
Possession Negotiable Settlement Subject to Existing Lease
Zoning A1
View Creek/Stream Mountain Panoramic Pasture Scenic Vista Trees/Woods
Property SubType Land
Tax Year 2022
Current Use Agriculture
Percent Ownership Fee Simple
County CULPEPER
Property Type Land
HOA / Comm Assn N
Possible Use Agriculture Land/Lot Only Residential
Water Access Y/N N
Status PENDING
Directions From Culpeper take Route 3 east approx. 8 miles turn left onto Carrico Mills Rd (Rt 669) drive 2 miles turn right onto Milky Way. Or from Warrenton take US-15 south approx. 17 miles to Brandy Statio
City ELKWOOD
Buyer Agent Compensation 2.5
Disclosures Subject to Agricultural Conservation Easement Under Lease
Lot Size Square Feet 10539778.00
Waterfront Y/N N
Street Name MILKY
Tax Annual Amount 2499.0
Clean Green Assessed Y/N N
Price Per Sq Ft 0.17
Additional Parcels Y/N N
Vacation Rental Y/N N
Days on Market 50
Location Type Rural
Standard Status Pending
Buyer Agent Compensation Type % Of Gross
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Exterior
Lot Features Backs to Trees Not In Development Open Partly Wooded Road Frontage Stream/Creek Trees/Wooded
Water Source Well
Water View Y/N Y
Lot Size Acres 241.96
Lot Size Units Square Feet
Lot Size Source Assessor
Horse Y/N Y
Horse Amenities Horses Allowed
Navigable Water Y/N N
Water Oriented Y/N N
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Interior
Street Suffix WAY
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Internal Only
Street Number 1 22031
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* Excluded Features
List By
Century 21 New Millennium

Broker

stephen@realmarkets.com

Email

Affordability Calculator

$12,782
Per Month
98%
2%
0%
Monthly Principal & Interest
$12,574
Monthly Property Taxes
$208
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3535842 Elementary School
3535744 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/5/2023$1,800,000 Listed Price

Map


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22031 Milky Way, Elkwood, VA, 22718 is a Lots and Land for sale at $1,800,000 with a lot size of 241.96. 22031 Milky Way is a studio with 0.0 baths. The property's zip code is 22718 which is in Elkwood, VA