The Olive Mill House is a beautifully preserved Four-over-Four colonial farmhouse in the heart of Banco, Virginia. Originally a Sears Kit Home, it was delivered by train to Orange, VA, then transported to Banco and assembled on site. Built nearly a century ago, the home was added to the property by the Tysinger family, who operated the Olive Mill—grinding cornmeal just steps away. This 4-bedroom, 2-bath home rests on 2.4 total acres (two parcels) and has gracefully stood the test of time, retaining its original hardwood floors, front and rear staircases, high ceilings, and welcoming porches. Historic charm is found in every detail—from the antique doors and intricate moldings to the portrait rails and beautiful woodwork. Over the years, the Olive Mill House has served not only as a residence but also as a bed & breakfast, offering guests a taste of Madison County’s rich history. Outdoors, you’ll find a backyard in-ground pool—perfect for summer gatherings—set against the backdrop of one of Virginia’s most picturesque regions. The home is located on a Virginia Scenic byway, close to White Oak Falls, Old Rag, and Graves Mtn Lodge. This rare find combines historic craftsmanship with modern comfort, making it a truly special place to call home. Property will be active on the market on Sept 3rd , 2025. Three Bedroom Septic.
Sold for $550,000 on 11/20/25
$550,000
5164 N Blue Ridge Tpke, Madison, VA 22727
4beds
2,866sqft
Single Family Residence
Built in 1928
2.48 Acres Lot
$551,800 Zestimate®
$192/sqft
$2,660 Estimated rent
Home value
$551,800
Estimated sales range
Not available
$2,660/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: November 20, 2025 at 01:20pm
Listed by:
Patti Lillard 540-718-3300,
Montague, Miller & Company
Bought with:
Erin Kavanagh, 0225065675
EXP Realty, LLC
Source: Bright MLS,MLS#: VAMA2002392
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
Primary bedroom
- Features: Flooring - HardWood, Bathroom - Walk-In Shower
- Level: Upper
Bedroom 2
- Features: Flooring - HardWood, Ceiling Fan(s)
- Level: Upper
Bedroom 3
- Features: Flooring - HardWood, Ceiling Fan(s)
- Level: Upper
Bedroom 4
- Features: Flooring - HardWood, Ceiling Fan(s)
- Level: Upper
Primary bathroom
- Features: Bathroom - Walk-In Shower
- Level: Upper
Dining room
- Features: Flooring - HardWood, Chair Rail, Fireplace - Gas
- Level: Main
- Area: 255 Square Feet
- Dimensions: 17 x 15
Family room
- Features: Built-in Features, Ceiling Fan(s)
- Level: Main
- Area: 225 Square Feet
- Dimensions: 15 x 15
Other
- Features: Bathroom - Walk-In Shower
- Level: Main
Kitchen
- Features: Flooring - HardWood, Ceiling Fan(s), Chair Rail
- Level: Main
- Area: 210 Square Feet
- Dimensions: 14 x 15
Living room
- Features: Flooring - HardWood
- Level: Main
- Area: 225 Square Feet
- Dimensions: 15 x 15
Heating
- Baseboard, Electric
Cooling
- Window Unit(s), Electric
Appliances
- Included: Dishwasher, Dryer, Oven/Range - Electric, Refrigerator, Washer, Water Heater, Electric Water Heater
- Laundry: Main Level, Washer In Unit, Dryer In Unit, Laundry Chute
Features
- Additional Stairway, Bathroom - Walk-In Shower, Built-in Features, Ceiling Fan(s), Curved Staircase, Floor Plan - Traditional, Formal/Separate Dining Room, Kitchen - Country, Eat-in Kitchen, Kitchen - Table Space, Plaster Walls
- Flooring: Hardwood, Wood
- Windows: Double Hung
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Gas/Propane
Interior area
- Total structure area: 2,866
- Total interior livable area: 2,866 sqft
- Finished area above ground: 2,866
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Stair Lift
Features
- Levels: Two
- Stories: 2
- Exterior features: Stone Retaining Walls
- Has private pool: Yes
- Pool features: Fenced, In Ground, Private
- Has view: Yes
- View description: Trees/Woods, Mountain(s)
Lot
- Size: 2.48 Acres
- Features: Backs to Trees, Landscaped, Open Lot, Private, Rear Yard, Rural, Secluded, SideYard(s), Sloped
Details
- Additional structures: Above Grade, Below Grade, Outbuilding
- Parcel number: 30 5 AND 302C
- Zoning: A1FP
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Concrete Perimeter
- Roof: Metal
Condition
- Very Good
- New construction: No
- Year built: 1928
Utilities & green energy
- Sewer: On Site Septic
- Water: Well
Community & neighborhood
Location
- Region: Madison
- Subdivision: None Available
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,Private Financing Available
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 11/20/2025 | Sold | $550,000-4.3%$192/sqft |
Source:  Bright MLS #VAMA2002392 | ||
| 10/25/2025 | Contingent | $575,000$201/sqft |
Source: Bright MLS #VAMA2002392 | ||
| 10/7/2025 | Listed for sale | $575,000-1.5%$201/sqft |
Source: Bright MLS #VAMA2002392 | ||
| 9/26/2025 | Contingent | $584,000$204/sqft |
Source: Bright MLS #VAMA2002392 | ||
| 9/2/2025 | Listed for sale | $584,000+356.3%$204/sqft |
Source: Bright MLS #VAMA2002392 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,051 | $277,200 |
| 2023 | $2,051 | $277,200 |
| 2022 | $2,051 +4.2% | $277,200 |
Find assessor info on the county website
Neighborhood: 22727
Nearby schools
GreatSchools rating
- 3/10Waverly Yowell Elementary SchoolGrades: 3-5Distance: 5 mi
- 4/10William H. Wetsel Middle SchoolGrades: 6-8Distance: 6.1 mi
- 4/10Madison County High SchoolGrades: 9-12Distance: 6.1 mi
Schools provided by the listing agent
- Elementary: Waverly Yowell
- Middle: William Wetsel
- High: Madison County
- District: Madison County Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$551,800
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