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  • $2,000,000

    481 Race Ground Rd, Somerset, VA 22972

    --beds
    --baths
    291Acres
    Unimproved Land
    Built in ----
    291 Acres Lot
    $-- Zestimate®
    $--/sqft
    $2,547 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $2,547/mo

    Zestimate® history
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    What's special

    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.

    Zillow last checked: 8 hours ago

    Listing updated: February 07, 2025 at 10:22am

    Listed by:

    JUSTIN H. WILEY 434-981-5528,

    CORCORAN WILEY-ORANGE

    Bought with:

    NONMLSAGENT NONMLSAGENT

    NONMLSOFFICE

    Source: CAAR,MLS#: 638885MLS LogoOriginating MLS: Charlottesville Area Association of Realtors

    Facts & features

    Property

    Parking
    • Parking features: Driveway
    • Has uncovered spaces: Yes
    Features
    • Fencing: Cross Fenced,Electric,None,Wire
    • Has view: Yes
    • View description: Mountain(s), Rural, Water
    • Has water view: Yes
    • Water view: Water
    Lot
    • Size: 291 Acres
    • Features: Open Lot, Wooded, Waterfront
    • Topography: Bottomland,Rolling
    Details
    • Additional structures: Other
    • Parcel number: 692
    • Zoning description: A-1 Agricultural

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Private, Well
    • Utilities for property: Propane, None

    Community & neighborhood

    Community
    • Community features: River, Stream
    Location
    • Region: Somerset
    • Subdivision: NONE

    Other

    Other facts
    • Road surface type: Gravel

    Price history

    DateEventPrice
    8/15/2023Sold$2,000,000-9.1%
    Source: CAAR #638885 Report a problem
    7/1/2023Pending sale$2,200,000
    Source: CAAR #638885 Report a problem
    6/21/2023Price change$2,200,000-8.3%
    Source: CAAR #638885 Report a problem
    5/9/2023Price change$2,400,000-4%
    Source: CAAR #638885 Report a problem
    4/11/2023Price change$2,500,000-9.7%
    Source: CAAR #638885 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 22972

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Madison Primary
    • Middle: Wetsel
    • High: Madison (Madison)

    Source: CAAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.