481 RACE GROUND RD Somerset, VA 22972

$2,250,000
481 RACE GROUND RD, Somerset, VA 22972
574866

Lots and Land for sale in Somerset, VA

for $2,250,000. The lot size is 365 Acre(s).

Property Information

  • $2,250,000
  • Lots and Land
  • Taxes are $3,898
  • Barn _Other
  • Agriculture
  • Active
  • Lot size of 365 Acre(s)
  • Somerset, VA
  • Orange County
  • MLS/Web ID is 574866

Description

This Madison County Farm of 365+/- acres offers grazing land, crop land, a feedlot, equipment buildings, two homes & frontage on the Rapidan River. The established pastures have cross-fencing & automatic waterers. Recreational opportunities abound---fishing, hunting, fox hunting & canoeing. This property offers great privacy and nice distant Blue Ridge Mountain views. Less than 2 hours from D.C. & 35 minutes from Charlottesville. Just minutes from wineries, great restaurants & Montpelier. The land is not under a conservation easement

Interior 2

Sewer

  • Septic Tank

Water Source

  • Well

Exterior 6

Building Type

  • Barn _Other

Exterior

  • Farm Equipment/Buildings
  • Silo

Fence

  • Fenced
  • High Tensile
  • Other
  • Partial
  • Wire

Lot Description

  • Bottom Land
  • Elevated
  • Gently Rolling
  • Grain Farm
  • Partially Wooded
  • Water Frontage

Road Frontage

  • Public Road

Waterfront Description

  • River
  • Stream

Miscellaneous 3

Location

  • Farm

Utilities

  • Electric: On Site

View

  • Mountain View
  • Other
  • Pastoral View
  • Water View

† Excluded Feature

Neighborhood & Schools

Elementary School: Madison Primary
Middle School: Wetsel
High School: Madison (Madison)

Listed By

Broker: GAYLE HARVEY REAL ESTATE, INC

481 RACE GROUND RD , Somerset, VA, 22972 is a Lots and Land for sale at $2,250,000 with a lot size of 365 Acre(s). 481 RACE GROUND RD has 0.0 baths. The property's zip code is 22972 which is in Somerset, VA

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Pricing History

Date Price Price Change Description
8/2/2018 $2,250,000 -10.00 % Price Change
4/15/2018 $2,500,000 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Somerset $1,605,836 29 % below $664,000 70 % below
Lots and land listings in Somerset $2,739,900 22 % above $2,250,000 0 % below
Sold listings in Somerset $461,289 79 % below $260,000 88 % below

Get the facts about Somerset, VA!

Population 443
Population Growth (since 2000) 17 %
Median Income $55,416
Median Age 47.52
Households w/ Children 26 %

Residential Dwellings

  • Owned 137
  • Vacant 17
  • Rented 43

Similar Listings

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or Call us at 1-800-839-1363