481 RACE GROUND ROAD Somerset, VA 22972

$2,250,000
481 RACE GROUND ROAD, Somerset, VA 22972
1000402996

Lots and Land for sale in Somerset, VA

for $2,250,000. This property was built in 1850 on a lot size of 365.00 Acre(s).

Property Information

  • $2,250,000
  • Lots and Land
  • Taxes are $3,897
  • Active
  • Lot size of 365.00 Acre(s)
  • Built in 1850
  • Somerset, VA
  • Orange County
  • MLS/Web ID is 1000402996

Description

This productive Madison County crop farm of approximately 365+/- acres offers fertile soils and gentle topography. This is one of the nicest crop farms in Central Virginia. The property has extensive frontage on the Rapidan River and beautiful distant Blue Ridge Mountain views. It is located less than 2 hours from D.C. & 35 minutes from Charlottesville. Just minutes from nice restaurants, winery.

Interior 2

Sewer

  • Septic at Site

Water Source

  • Well

Exterior 4

Fence

  • Partial

Lot Description

  • Backs To Trees
  • Bottom Land
  • Clear Lot
  • Rolling/Hilly
  • Wooded / Trees

Road Frontage

  • Private Road

Waterfront Description

  • Stream

Miscellaneous 1

View

  • Mountain View
  • Pasture View
  • Water View

Rental 1

Landlord Pays

  • Sewer

† Excluded Feature

Neighborhood & Schools

School District: MADISON COUNTY PUBLIC SCHOOLS

Listed By

Broker: GAYLE HARVEY REAL ESTATE INC

481 RACE GROUND ROAD, Somerset, VA, 22972 is a Lots and Land for sale at $2,250,000 with a lot size of 365.00 Acre(s). 481 RACE GROUND ROAD has 0.0 baths and was built in 1850. The property's zip code is 22972 which is in Somerset, VA

Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363

Pricing History

Date Price Price Change Description
8/2/2018 $2,250,000 -10.00 % Price Change
4/16/2018 $2,500,000 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Somerset $1,549,835 31 % below $681,950 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

Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363