Somerset, VA 22972,481 RACE GROUND RD
$2,000,000
$2,200,000
9.1%
Est.Price: ?

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291 Acres Lot

481 RACE GROUND RD Somerset, VA 22972

Est. payment /mo
SOLD DATE : 08/15/2023

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Key Details

Sold Price $2,000,000

Property Type Vacant Land

Sub Type Agriculture

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 638885

Sold Date 08/15/23

HOA Y/N No

Annual Tax Amount $2,085

Tax Year 2023

Lot Size 291.000 Acres

Acres 291.0

Property Sub-Type Agriculture

Property Description

Glenwood, circa 1850 located in the Somerset area of Madison county. The 291 acres are mostly open with exceptional soils ideal for horses, cattle, or crops. Pastures have good fencing, and automatic waters. The farm has long frontage on the Rapidan River, and has a significant stream running through the property. Wonderful views of the Blue Ridge, and South West Mtns at numerous locations on the property. The historic frame house has a brick foundation with two floors above an English basement. The house has four bedrooms, and two full baths, and is in need of renovation. Additional structures include an 1850 summer kitchen, two bedroom tenant house, numerous cattle barns, cattle feedlot and equipment sheds. Farm is an ideal candidate for a conservation easement. Located within two hours of DC, and thirty minutes to Charlottesville. Property is being sold in as-is condition.

Location

State VA

County Madison

Community River, Stream

Zoning A-1 Agricultural

Direction From Madison: Take 29 S to left on 230. Go 1 mile to a right on 231. Go 7 miles to a right on Race Ground Road.

Rooms

Other Rooms Other

Interior

Fireplace No

Exterior

Parking Features Driveway

Fence Cross Fenced, Electric, Wire

Community Features River, Stream

Utilities Available Propane, None

View Y/N Yes

Water Access Desc Private,Well

View Mountain(s), Rural, Water

Present Use Agricultural,Farm,Pasture

Building

Sewer Septic Tank

Water Private, Well

Additional Building Other

Schools

Elementary Schools Madison Primary

Middle Schools Wetsel

High Schools Madison (Madison)

Others

Tax ID 69-2

Financing Cash

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CAAR - GAAR - HRAR
Listed by WILEY REAL ESTATE-ORANGE
Bought with NONMLSOFFICE

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agent

Monica Rutledge

Agent | License ID: 0225269282

+1(540) 414-5851

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