Open House 8/29 12pm - 3pm
104 Half Penny Lane
Madison, VA, 22727 $ 499,000
Bedrooms4 Baths3.0 Sq 3,512 Monthly Estimate*
$ 3,151
for $499,000 with 4 bedrooms and 3 full baths. This 3,512 square foot home was built in 2005 on a lot size of 3.09.
BRAND-NEW ROOF TO BE INSTALLED SOONPLUS A PRICE REDUCTION! Along with lots of other newer items including Well Pump, Gutters, Culligan Whole House Filter System and Paint. Discover the space, flexibility, and lifestyle offered by this beautifully maintained home on over 3 scenic acres in the desirable Malvern of Madison community. With more than 3,500 square feet of finished living space, 3 spacious bedrooms, and 3 full bathrooms, this home is exceptionally well suited for multigenerational living, extended family, long-term guests, or anyone needing flexible separate living space. The main level offers comfortable one-level living with an open floor plan, oversized bedrooms, and generous gathering spaces. The fully finished walkout lower level creates an entirely different level of possibilities. With its own separate entrance, kitchenette, full bathroom, additional room, and spacious living areas, it provides valuable privacy and flexibility for extended family, adult children, guests, a home office, recreation space, or a combination of usesall while keeping everyone under one roof. Beyond the home, enjoy the Malvern lifestylea peaceful, established community where you can enjoy country living without giving up neighborhood amenities. Spend summer days at the community swimming pool, enjoy the lake, gather at the clubhouse, or take the kids to the playgrounds. At home, relax on the front porch or back deck, explore your own 3+ acres, or unwind beside the wide creek that meanders through the property. Fiber internet makes working from home easy, while the location provides convenient access toward Charlottesville. A large attached garage, paved driveway, storage shed, wooded backyard, and quiet dead-end road add even more everyday convenience. Space for everyone. Privacy when you want it. A community designed to enjoy. With a brand-new roof coming soon at no increase in price, this home offers a rare opportunity to enjoy flexible multigenerational living and the best of the Malvern of Madison lifestyle.
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Open House
8/29/2026 12:00 PM - 3:00 PM
104 Half Penny Lane Madison, VA
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesGeneralLiving Area 3512
Sewer On Site Septic
Heating Heat Pump(s)
Cooling Central A/C
Possession Settlement
Roof Shingle
Appliances Built-In Microwave Dishwasher Dryer - Electric Oven/Range - Electric Refrigerator Washer Water Heater
Zoning A1
HOA Fee 690.00
Garage Spaces 2.00
Architectural Style Ranch/Rambler
Construction Materials Vinyl Siding
School District MADISON COUNTY PUBLIC SCHOOLS
Year Built 2005
Levels 2
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Accessibility Other
Assoc Fee Paid Per Annually
County MADISON
New Construction N
Property Type Residential
Association Amenities Club House Lake Pool - Outdoor Swimming Pool Tot Lots/Playground
HOA Y
Subdivision Name MALVERN OF MADISON
Garage Y/N Y
Water Access Y/N Y
Other Structures Above Grade Below Grade
Full Baths 3
Status ACTIVE
Directions From Route 29 in Madison Take Fishback Rd to Right on Oak Park to Left into Malvern Neighborhood. Once in Neighborhood take a Right on Covered Bridge to Right on Bee Gum to Left on Half Penny. See si
City MADISON
Body of Water Malvern Lake
Senior Community Y/N N
Lot Size Units Square Feet
Lot Size Square Feet 134600.40
Tax Annual Amount 2577.0
Property Condition Very Good
Structure Type Detached
Condo/Coop Association fee Y/N N
Bathrooms Full Main Level 2
Bathrooms Count Main Level 2.00
Price Per Sq Ft Total AG 260.98
Vacation Rental Y/N N
Virtual Tour https://www.zillow.com/view-imx/58a124a2-1e72-4041-8b75-b238299e61e8?wl=true&setAttribution=mls&initialViewType=pano
Standard Status Active
Year Built Source Assessor
Tax Lot 115
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InteriorInterior Amenities Carpet Ceiling Fan(s) Dining Area Entry Level Bedroom Family Room Off Kitchen Floor Plan - Open Kitchen - Country Kitchen - Island Kitchenette Walk-in Closet(s) Water Treat System
Heating Fuel Electric
Basement Connecting Stairway Daylight Partial Full Fully Finished Improved Outside Entrance Rear Entrance Side Entrance Walkout Level Windows
Hot Water Electric
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1912
Central Air Y/N Y
Total Bedrooms 4
Below Grade Finished Area 1600
Main Level Bedrooms 3
Below Grade Finished Area Unit Type Square Feet
Laundry Type Main Floor
Below Grade Finished Area Source Estimated
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 3
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ExteriorExterior Amenities Outbuilding(s) Sidewalks
Pool Yes - Community
Lot Features Landscaping No Thru Street Open Partly Wooded Road Frontage SideYard(s) Sloping Stream/Creek
Water Source Well
Garage Features Garage - Side Entry Garage Door Opener
Type of Parking Attached Garage
Foundation Details Block Brick/Mortar
Water View Y/N N
Lot Size Acres 3.09
Water Body Type Lake
Lot Size Source Estimated
Waterfront Y/N N
Land Assessed Value 84700.00
Navigable Water Y/N Y
Water Oriented Y/N Y
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* Excluded FeaturesList ByRappahannock Real Estate, Llc.Broker
markitmepro@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,151
- Monthly Property Taxes
- $215
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% 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.
Learn more about how to save NearbySingle family listings in Madison, VA
Average List Price $799,020
Percent of Sale Price 60%
About Madison, VA 243 Population
8% Since 2002
$ 53,537 Median Income
43.86 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
3535469 Elementary School
3536139 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/23/2026 | $499,000 | -3.11% | Price Down |
| 8/15/2026 | $515,000 | -3.74% | Price Down |
| 7/7/2026 | $535,000 | | Listed Price |