NOT LISTED FOR SALE

356 Furrs Mill Rd Lexington, VA 24450

Estimated Value: $562,000 - $694,788

3 Beds
2 Baths
2,988 Sq Ft
$207/Sq Ft Est. Value

Last Sold December 16, 2021

Last sale price $1,250,000 $418 Per Sq Ft

Est. 50% decrease in value since last sale

Current estimated payment $3,675/month

726 Days on Market

About This Home

As of December 2021

Historic estate located just a mile from Lexington, VA, upstream along the Maury River, this 51.27 acres sits atop a high meadow with views of farmland, the Blue Ridge Mountains, and a perfectly framed House Mtn. This significant and well maintained home (c.1815) has 3 bedrooms, 2 baths, updated kitchen, and wide center hall. A stone cottage, with bedroom, bath, and kitchen, predates the house and sits nearby. Riding ring, stable, outbuildings, pasture, hayland, and woodlands compliment this most unique property and setting. Legend and family history portray the property commandeered as a staging area and command for the the attacking force of Gen. Hunter. And later, of numerous visits to the Leyburn's by R.E. Lee, President of Washington College.

Last Agent to Sell the Property

Hunter McClung

J.F. Brown Real Estate Services Listed on: 10/19/2019

Co-Listed By

James Brown

J.F. Brown Real Estate Services

Last Buyer's Agent

Kara Braddick

James Wm. Moore Real Estate Co.

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,647

Year Built

1813

Lot Details

0

Listing Details

  • ConservationEsmnt: No
  • Directions: North Lee Highway, Left onto Furrs Mill Road for approximately 1 mile to entrance on the right.
  • HistoricProperty: Yes
  • Listing Member Name: Hunter McClung
  • Listing Office Short Id: 121
  • Open House Office I D: 20061211170240860305000000
  • Hoa2 Or Poa: No
  • Prop. Type: Residential/Farm
  • Selling Member Short Id: karaf
  • Selling Office Short Id: 78
  • Subdivision Yn: No
  • TotalFinSFApx: 2988.00
  • Year Built: 1813
  • Taxes Dollars: 5657.00
  • TotalAcresApx: 51.27
  • 1StFloorMstrBdrm: Yes
  • Total Assessed Value: 777400.00
  • PorchDeckPatioPatio: Side
  • PorchDeckPatioPorch: Front
  • Building Style: Historical
  • Type of Construction: Brick
  • YardSign: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dining Area Remarks: Rockbridge
  • Has Basement: Full, Interior Access, Slab, Unfinished
  • Full Bathrooms: 2.00
  • Updated Floor: Ceramic Tile, Wood
  • Appliances: As Is, Dishwasher, Dryer, Dryer Hookup, Refrigerator, Smoke Detector, Washer, Washer Hookup
  • Has Attic: None
  • Lower Floor 1 Bedrooms: 3
  • Fireplace: 3 or More
  • Fireplace Location: Basement, Dining Room, Family Room, Living Room
  • Guest House Sq Ft: 513.00
  • Interior Amenities: Book Shelves, Breakfast Area, Flue Available, Storage, Workshop
  • Lower Floor 1 Bedrooms: 11

Exterior Features

  • Easements: Unknown
  • Exterior: Brick
  • Exterior Features: Chickens Permitted, Fireplace, Guest Quarters, Horses Permitted, Patio-Side, Patio-Slide, Patio-Stone, Paved Driveway, Porch-Front, Porch-Open, River Frontage, Sidewalks, Smoke Detector, Spring House, Storm Door-Front, Storm Door-Rear, Storm Windows-Full, Undrground Utilities, View - Mountains, View - Panoramic, Workshop
  • Flood Zone: Minimal
  • Road Frontage: State Road
  • Roof: Metal
  • Street: Furrs Mill
  • Surface Water: River, River Frontage, Spring
  • Tax Rate: .73/100
  • Flood Zone: NW
  • Out Buildings: Garage, Spring House, Stable
  • Fencing: Board, Perimeter, Woven
  • Topography: Hunting, Mixed, Open, Pasture, Rolling, Secluded, Views, Woods
  • Exterior Features: Barn, Fenced Yard, Garden Space, Guest Quarters, Patio, Paved Driveway, Porch, Spring House, Storage Shed, Sunrise View, Sunset View, Workshop
  • Guest House: Yes

Garage/Parking

  • Garage Spaces: Detached, Single, Storage, Workshop

Utilities

  • Cooling: Window Unit(s)
  • Heating: Gas, Radiator
  • Sewer: Existing Septic
  • Utilities Available: Electric, Gas
  • Water: Developed Spring, Well
  • Water Heater: Natural Gas

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: No
  • Property Name: Rivercroft
  • Zoning: Agricultural
  • Best Use: Bed & Breakfast, Farming, Grazing, Horses, Residential, Sheep, Vacation Rental
  • Current Use: Bed & Breakfast, Cattle, Grazing, Horses, Investment, Residential, Sheep

Tax Info

  • Tax Map Number: 61-A-50,61-A-51,61-A-51A, & portion of 61-A-52
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 25, 2022
Sold by
Cummings Jr Douglas M
Bought by
Cato Drum Farm Llc
Current Estimated Value
$619,929

Purchase Details

Listed on
Oct 19, 2019
Closed on
Oct 28, 2021
Sold by
Mccormick Goodhart Victoria Bonday and Mccormick Goodhart Mary
Bought by
Cummings Douglas M and Cummings Stacy
Seller's Agent
Hunter McClung
J.F. Brown Real Estate Services
Buyer's Agent
Kara Braddick
James Wm. Moore Real Estate Co.
List Price
$2,200,000
Sold Price
$1,250,000
Premium/Discount to List
-$950,000
-43.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-18.64%
Original Mortgage
$672,750
Interest Rate
3.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 2019
Sold by
Smith Harriet and Austin Carla
Bought by
Gordon Charles Aaron and Smith Harriet L

Purchase Details

Closed on
Jan 30, 2019
Sold by
Bonday Mccormick Goodhart Mary Elizabeth Bonday and Bonday Goodahart Elizabeth
Bought by
Mccormick Goodhart Victoria Bonday
Source: Public Records

Range of Values:

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Average Value
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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
Cato Drum Farm Llc -- Troutman Pepper Hamilton Sande
Cummings Douglas M $1,250,000 First American Mortgage Sln
Gordon Charles Aaron $5,000 None Available
Mccormick Goodhart Victoria Bonday -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cummings Douglas M $672,750
Previous Owner B A R C Electric Cooperative $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2021 12/16/21 Sold $1,250,000 -43.2% $418 / Sq Ft
10/14/2021 10/14/21 Pending -- -- --
10/19/2019 10/19/19 For Sale $2,200,000 -- $736 / 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 $3,647 $597,800 $126,000 $471,800
2023 $3,647 $597,800 $126,000 $471,800
2022 $3,322 $448,900 $116,000 $332,900
2021 $3,277 $442,900 $110,000 $332,900
2020 $3,277 $442,900 $110,000 $332,900
2019 $3,233 $442,900 $110,000 $332,900
2018 $3,100 $442,900 $110,000 $332,900
2017 $3,100 $442,900 $110,000 $332,900
2016 $2,412 $328,100 $78,000 $250,100
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Rockbridge Highlands REALTORS®

MLS Number: 134643

APN: 61 A 50