NOT LISTED FOR SALE

345 Spring Meadow Ln Lexington, VA 24450

Estimated Value: $682,000 - $787,109

4 Beds
2 Baths
1,875 Sq Ft
$390/Sq Ft Est. Value

Last Sold August 30, 2023

Last sale price $700,000 $373 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,298/month

113 Days on Market

About This Home

As of August 2023

RARE chance to own the exceptional Rockbridge County property known as Hidden Valley Farm! Beautifully kept property, which at one time served as the airport, includes a well built 4-bedroom, 2-bath brick home situated on 36 acres with up to 50 additional acres available and offers superior agricultural resources: a recent, insulated 36 x 40 shop building, three hay barns that also can be used for equipment storage, a former milkhouse, a woodshed with partial basement, cattle loading chute, separately fenced fields, six automated watering systems, two additional equipment sheds, and three fuel tanks with electric pumps. Land offers inspiring mountain views less than 5 minutes from downtown Lexington. Opportunity for future farming, development, a winery/orchard, or as an event venue.

Last Agent to Sell the Property

Jeff Black

Lexington Real Estate Connection Listed on: 03/27/2023

Last Buyer's Agent

Tenney Mudge

Fresh Estates & Country Properties, Inc.

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,659

Year Built

1952

Lot Details

0

Listing Details

  • ConservationEsmnt: Yes
  • Directions: From downtown Lexington Take Rt 251 for 3.3 miles to Right onto Spring Meadow ln Follow signs
  • HistoricProperty: No
  • InternetServicesAvailable: Cable
  • Listing Member Name: Jeff Black
  • Listing Office Short Id: 80
  • Open House Office I D: 20061211170241366991000000
  • Hoa2 Or Poa: No
  • Prop. Type: Residential/Farm
  • Selling Member Short Id: maryt
  • Selling Office Short Id: 91
  • Subdivision Yn: No
  • TotalFinSFApx: 1875.00
  • Year Built: 1952
  • Taxes Dollars: 2400.00
  • TotalAcresApx: 36.00
  • 1StFloorMstrBdrm: No
  • StyleTwoStory: YES
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Has Basement: Full
  • Full Bathrooms: 2.00
  • Exterior Other: Cement Block
  • Updated Floor: Vinyl, Wood
  • Appliances: Dishwasher, Electric Range, Refrigerator, Washer, Washer Hookup
  • Has Attic: Unfinished
  • Lower Floor 1 Bedrooms: 4
  • Fireplace: 2, Brick
  • Fireplace Location: Family Room, Living Room
  • Interior Amenities: Ceiling Fan, Flue Available, Walk-in Closet
  • Lower Floor 1 Bedrooms: 8

Exterior Features

  • Exterior: Brick
  • Exterior Features: Cable Available, Horses Permitted, View - Mountains
  • Road Frontage: Paved Road
  • Roof: Shingle
  • Street: Spring Meadow
  • Surface Water: Spring
  • Tax Rate: .74
  • Flood Zone: Other (Use Remarks)
  • Out Buildings: Barn(s), Silo, Stable
  • Topography: Open, Pasture, Rolling, Views
  • Exterior Features: Barn, Covered Porch, Garden Space, Paved Driveway, Storage Shed

Garage/Parking

  • Garage Spaces: Carport, Detached, Double

Utilities

  • Cooling: Central Cooling
  • Heating: Forced Air, Oil, Wood Furnance
  • Sewer: Existing Septic
  • Utilities Available: Cable, Electric
  • Water Heater: Electric
  • Domestic Water Other: Private Well

Schools

  • Elementary School: Central
  • Middle School: Maury River
  • High School: Rockbridge Co
  • Elementary School: Central
  • High School: Rockbridge Co
  • Middle School: Maury River

Lot Info

  • Future Land Use: Yes
  • Zoning: Agricultural
  • Best Use: Agricultural, Residential
  • Current Use: Cattle, Residential

Tax Info

  • Tax Map Number: 74-a-75
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 1, 2025
Sold by
Luthy Susan K
Bought by
Kingfisher Land Llc
Current Estimated Value
$744,451

Purchase Details

Listed on
Mar 27, 2023
Closed on
Sep 19, 2023
Sold by
Hidden Valley Farm Inc
Bought by
Luthy Susan K
Seller's Agent
Jeff Black
Lexington Real Estate Connection
Buyer's Agent
Tenney Mudge
Fresh Estates & Country Properties, Inc.
List Price
$760,000
Sold Price
$700,000
Premium/Discount to List
-$60,000
-7.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.44%

Purchase Details

Listed on
Mar 27, 2023
Closed on
Aug 10, 2023
Sold by
Hidden Valley Farm Inc
Bought by
Luthy Susan K
Seller's Agent
Jeff Black
Lexington Real Estate Connection
Buyer's Agent
Tenney Mudge
Fresh Estates & Country Properties, Inc.
List Price
$760,000
Sold Price
$700,000
Premium/Discount to List
-$60,000
-7.89%

Purchase Details

Closed on
Apr 14, 2023
Sold by
Hidden Valley Farm Inc
Bought by
Kingfisher Land Llc

Purchase Details

Closed on
Nov 3, 2020
Sold by
Hidden Valley Farm Inc
Bought by
Felicia S Mays Trust and Shifflett

Purchase Details

Closed on
Oct 29, 2020
Sold by
Dunlap Robert M
Bought by
Hidden Valley Farm Inc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kingfisher Land Llc $700,000 None Listed On Document
Kingfisher Land Llc $700,000 None Listed On Document
Luthy Susan K -- None Listed On Document
Luthy Susan K $700,000 None Listed On Document
Kingfisher Land Llc $375,000 None Listed On Document
Felicia S Mays Trust $103,680 None Listed On Document
Hidden Valley Farm Inc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shifflett Dianna M $94,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2023 08/30/23 Sold $700,000 -7.9% $373 / Sq Ft
07/18/2023 07/18/23 Pending -- -- --
03/27/2023 03/27/23 For Sale $760,000 -- $405 / Sq Ft
Source: Rockbridge Highlands REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,659 $648,900 $350,200 $298,700
2023 $2,659 $648,900 $350,200 $298,700
2022 $2,659 $843,800 $598,300 $245,500
2021 $2,659 $843,800 $598,300 $245,500
2020 $2,203 $811,300 $626,000 $185,300
2019 $2,173 $769,400 $584,100 $185,300
2018 $2,084 $769,400 $584,100 $185,300
2017 $2,084 $769,400 $584,100 $185,300
2016 $1,668 $480,200 $350,700 $129,500
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Jeff Black

    Lexington Real Estate Connection

    (540) 958-0189

    47 in this area

    180 Total Sales

    Section Image

  • T

    Buyer's Agent in 2023

    Tenney Mudge

    Fresh Estates & Country Properties, Inc.

    (540) 460-6309

    8 in this area

    20 Total Sales

    Section Image
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Map

Source: Rockbridge Highlands REALTORS®

MLS Number: 137583

APN: 74-A-75

Virginia Rockbridge County Lexington 24450

345 Spring Meadow Ln, Lexington, VA

This home is located at 345 Spring Meadow Ln, Lexington, VA 24450 since 27 March 2023 and is currently estimated at $730,777, approximately $389 per square foot. This property was built in 1952. 345 Spring Meadow Ln is a home located in Rockbridge County with nearby schools including Rockbridge County High School, Earthsong Community School, and Buffalo Creek Boys School.

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