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
Bedrooms4 Baths2.0 Sq 2,472

Monthly Estimate*

$ 12,574

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Farms/Ranches for sale in Elkwood, VA

for $1,800,000 with 4 bedrooms and 2 full baths. This 2,472 square foot property was built in 1920 on a lot size of 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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Farms/Ranches Pending

Price

$ 1,800,000

Bedrooms

4

Full Bath

2

Property Type

Farms/Ranches

Taxes

$ 2,499

Style

Lot Size

241.96

Year Built

1920

Town/City

Elkwood

County/Region

Culpeper

MLS | Web ID

VACU2006654

Features
Interior
Heating Fuel Electric
Hot Water Electric
Basement (Y/N) N
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 2472
Full Baths 2
Half Baths 0
Street Suffix WAY
Central Air Y/N Y
Total Bedrooms 4
Below Grade Finished Area 0
Main Level Bedrooms 0
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 2
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General
Sewer Septic Exists
Heating Heat Pump(s)
Cooling Central A/C
Possession Negotiable Settlement Subject to Existing Lease
Zoning A1
Pool Y/N No Pool
Construction Materials Other
Year Built 1920
View Creek/Stream Panoramic Pasture Scenic Vista Trees/Woods
Levels 2
Tax Year 2022
Percent Ownership Fee Simple
Cool Fuel Electric
Accessibility None
County CULPEPER
New Construction N
Property Type Farm
HOA / Comm Assn N
Subdivision Name NONE AVAILABLE
Farm Features Other Residence Shed(s)
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
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
Senior Community Y/N N
Lot Size Square Feet 10539778.00
Waterfront Y/N N
Street Name MILKY
Tax Annual Amount 2499.0
Structure Type Detached
Condo/Coop Association Y/N N
Clean Green Assessed Y/N N
Bathrooms Full Main Level 0
Bathrooms Count Main Level 0.00
Price Per Sq Ft 728.16
Additional Parcels Y/N N
Vacation Rental Y/N N
Days on Market 50
Standard Status Pending
Year Built Source Assessor
Buyer Agent Compensation Type % Of Gross
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Exterior
Lot Features Backs to Trees Cleared No Thru Street Not In Development Open Partly Wooded Stream/Creek
Water Source Well
Type of Parking Driveway
Foundation Details Other
Water View Y/N Y
Lot Size Acres 241.96
Lot Size Units Square Feet
Lot Size Source Assessor
Crops Included Y/N N
Horse Y/N Y
Farm Operation General Other
Land Assessed Value 199500.00
Navigable Water Y/N N
Water Oriented Y/N N
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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
3535236 Elementary School
3535826 Middle School
Eastern View High School High School
Pricing History
DatePricePrice ChangeDescription
12/7/2023$1,800,000 Listed Price

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22031 Milky Way, Elkwood, VA, 22718 is a Farms/Ranches for sale at $1,800,000 with 2,472 sqft and a lot size of 241.96. 22031 Milky Way has 4 bedrooms, 2.0 baths, and was built in 1920. The property's zip code is 22718 which is in Elkwood, VA