NOT LISTED FOR SALE

487 Old Forge Way Madison, VA 22727

Estimated Value: $465,000 - $534,000

4 Beds
2.5 Baths
2,334 Sq Ft
$209/Sq Ft Est. Value

Last Sold July 29, 2020

Last sale price $328,000 $141 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $2,924/month

13 Days on Market

Highlights

  • Outdoor Pool
  • Clubhouse
  • Private Lot
  • Community Lake
  • Deck
  • Partially Wooded Lot

About This Home

As of July 2020

Nice 4 Br home on 3ac in Malvern of Madison. The spacious 1st floor master suite includes a walk- in closet & private bath. All new stainless appliances. Kitchen is open to the family room. Separate living and dining rooms. Three upstairs bedrooms & a large bonus room over the garage. 2nd floor office. All rooms freshly painted. New durable laminate floors in all bedrooms. Hardwood in the living, kitchen & family rooms. Private back yard & deck. 3Br Septic. Comcast Internet ! Four year old Roof ! Malvern includes a community pool, lake and tot lot. Miles of private paved road for walking or biking.

Last Agent to Sell the Property

Patti Lillard

MONTAGUE, MILLER & CO.- MADISON License #0225102339 Listed on: 06/10/2020

Last Buyer's Agent

Carrie Brown

MONTAGUE, MILLER & CO.- MADISON License #0225217107

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,018

Year Built

  • Built in 2001

Lot Details

  • 3.04 Acre Lot
  • Landscaped
  • Private Lot
  • Cleared Lot
  • Partially Wooded Lot
  • Property is zoned A-1 Agricultural

HOA Fees

  • $92 Monthly HOA Fees

Home Design

  • Brick Foundation
  • Composition Shingle Roof

Interior Spaces

  • 2,334 Sq Ft Home
  • 2-Story Property
  • Recessed Lighting
  • Vinyl Clad Windows
  • Insulated Windows
  • Double Hung Windows
  • Family Room
  • Living Room
  • Dining Room
  • Home Office
  • Bonus Room
  • Fire and Smoke Detector

Kitchen

  • Breakfast Bar
  • Electric Range
  • Dishwasher
  • Formica Countertops

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Primary Bedroom on Main
  • Walk-In Closet
  • Primary bathroom on main floor
  • Double Vanity

Laundry

  • Laundry Room
  • Dryer Hookup

Parking

  • 2 Car Attached Garage
  • Side Facing Garage
  • Automatic Garage Door Opener

Outdoor Features

  • Outdoor Pool
  • Deck
  • Playground

Schools

  • Waverly Elementary School
  • William Wetsel Middle School
  • Madison High School

Utilities

  • Central Air
  • Heat Pump System
  • Well
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 49(5)-232

Community Details

Overview

  • Association fees include club house, play area, pool, road maint, snow removal, dock
  • Malvern Subdivision
  • Community Lake

Amenities

  • Clubhouse
  • Community Center

Recreation

  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,018

Year Built

Built in 2001

Lot Details

0

HOA Fees

$92 per month

Listing Details

  • Class: RESIDENTIAL
  • Property Type: Detached
  • Above Grade Finished Sq Ft: 2334
  • L V T Date: 06/10/2020
  • Parcel Number: 49(5)-232
  • Price Per Sq Ft: 140.53
  • Property Included: All new stainless appliances. Electric range, Refrigerator, dishwasher, microwave
  • Total Sq Ft: 2818
  • Total Unfinished Sq Ft: 484
  • Type of Construction: On Site Built
  • Zoning: A-1 Agricultural
  • Subdivision: MALVERN
  • Comments: Yes
  • Concatenated Rooms1: |Master Bed1|Master BTH1|Living Roo1|Kitchen1|Family Roo1|Bedroom2|Bedroom2|Bedroom2|Home Offic2|Bonus Room2|Laundry1|Dining Roo1|
  • Structures Deck Porch: Deck
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Laundry: Dryer Hookup
  • Room 1: Master Bedroom,18x13,On Level: 1
  • Room 2: Master Bath,On Level: 1
  • Room 3: Living Room,16x12,On Level: 1
  • Room 4: Kitchen,12x12,On Level: 1
  • Room 5: Family Room,15x13,On Level: 1
  • Room 6: Bedroom,11x13,On Level: 2
  • Room 7: Bedroom,13x13,On Level: 2
  • Room 8: Bedroom,12x10,On Level: 2
  • Room 9: Home Office,9x7,On Level: 2
  • Room 10: Bonus Room,21x13,On Level: 2
  • Room 11: Laundry,On Level: 1
  • Room 12: Dining Room,12x12,On Level: 1
  • Total Finished Sq Ft: 2334
  • Above Grade Finished Sq Ft: 2334
  • Foundation: Brick
  • Kitchen Appliances Feat: Breakfast Bar, Dishwasher, Electric Range, Recessed Light, Refrigerator
  • Kitchen Cabinets Counters: Formica Counter, Oak Cabinets
  • Land Description: Landscaped, Partly Cleared, Partly Wooded, Private
  • Level: 2 Story
  • Primary Bathroom Main Level: Yes
  • Master Bedon Main Level: Yes
  • Bathrooms: 2.5
  • Number of Main Level Bathrooms: 1
  • Number Beds: 4
  • Number Beds Main Level: 1
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Room Types: Bedroom, Bonus Room, Dining Room, Family Room, Full Bath, Half Bath, Home Office, Kitchen, Laundry, Living Room, Master Bedroom, Master Bath
  • Room Types Level1: Dining Room (L1), Family Room (L1), Kitchen (L1), Laundry (L1), Living Room (L1), Master Bedroom (L1)
  • Room Types Level2: Bedroom (L2+), Bonus Room (L2+), Home Office (L2+)
  • Source of Sq Ft: Public Records

Exterior Features

  • Number Of Acres: 3.04
  • Pool: Yes
  • Pool: Community
  • Roof: Composition Shingle
  • Structure Features: Dual Vanities, Walk-in Closet
  • Structure Floors: Ceramic Tile, Hardwood, Laminate
  • Structure Security: Smoke Detector(s)
  • Structure Window Ceiling: Double-hung Windows, Insulated Windows, Screens, Vinyl Clad Windows

Garage/Parking

  • Garage: Yes
  • Unfinished Above Grade Garage: 484
  • Garage Features: Attached, Auto Door, Electricity, Faces Side, Windows
  • Number of Car Spaces: 2
  • Total Above Grade Garage: 484

Utilities

  • Cooling: Central AC
  • Heating: Heat Pump
  • Cable Available: Cable
  • Sewer/Septic System: Septic Tank
  • Water: Individual Well

Condo/Co-op/Association

  • HOA/COA Amenities: Clubhouse, Community Room, Lake, Play Area, Pool
  • Association Fee: HOA
  • Association Frequency: Semi Annual
  • Association Includes: Club House, Play Area, Pool, Road Maint, Snow Removal, Dock
  • Association Fee: 550

Schools

  • Elementary School: Waverly
  • Middle School: William Wetsel
  • High School: Madison (Madison)
  • Other School: Woodberry Forest

Building Info

  • Year Built: 2001

Tax Info

  • Year: 2019
  • Taxes: 2018

MLS Schools

  • HighSchool: Madison (Madison)
  • Middle School: William Wetsel
  • Elementary School: Waverly

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 19, 2022
Sold by
Brown Iii William D
Bought by
Monaco Jessica Renee and Monaco Lee Edward
Current Estimated Value
$488,088

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,302
Outstanding Balance
$400,718
Interest Rate
4.99%
Mortgage Type
FHA
Estimated Equity
$101,503

Purchase Details

Listed on
Jun 10, 2020
Closed on
Jul 27, 2020
Sold by
Styles Michael E
Bought by
Brown Willaim D and Brown Georgene M
Seller's Agent
Patti Lillard
MONTAGUE, MILLER & CO.- MADISON
Buyer's Agent
Carrie Brown
MONTAGUE, MILLER & CO.- MADISON
List Price
$334,000
Sold Price
$328,000
Premium/Discount to List
-$6,000
-1.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.73%
Original Mortgage
$318,160
Interest Rate
3.1%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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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
Monaco Jessica Renee $425,000 Entitle First
Brown Willaim D $328,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Monaco Jessica Renee $417,302
Previous Owner Brown Willaim D $318,160
Previous Owner Styles Michael E $339,000
Previous Owner Styles Michael E $345,000
Previous Owner Stylks Michael E $229,520
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2020 07/29/20 Sold $328,000 -1.8% $141 / Sq Ft
06/23/2020 06/23/20 Pending -- -- --
06/10/2020 06/10/20 For Sale $334,000 -- $143 / Sq Ft
Source: Charlottesville area Association of 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 $2,134 $288,400 $74,300 $214,100
2023 $2,134 $288,400 $74,300 $214,100
2022 $2,134 $288,400 $74,300 $214,100
2021 $2,134 $288,400 $74,300 $214,100
2020 $2,048 $288,400 $74,300 $214,100
2019 $1,865 $288,400 $74,300 $214,100
2018 $1,865 $274,200 $80,400 $193,800
2017 $1,865 $274,200 $80,400 $193,800
2016 -- $274,200 $80,400 $193,800
2015 -- $274,200 $80,400 $193,800
2014 -- $274,200 $80,400 $193,800
Source: Public Records

Agents Affiliated with this Home

  • Patti Lillard

    Seller's Agent in 2020

    Patti Lillard

    MONTAGUE, MILLER & CO.- MADISON

    (540) 718-3300

    78 Total Sales

    Patti Lillard
    Section Image
  • Carrie Brown

    Buyer's Agent in 2020

    Carrie Brown

    MONTAGUE, MILLER & CO.- MADISON

    (434) 806-2048

    150 Total Sales

    Carrie Brown
    Section Image
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Map

Source: Charlottesville area Association of Realtors®

MLS Number: 604761

Charlottesville area Association of Realtors®

APN: 49-5-232

Virginia Madison County Madison 22727

487 Old Forge Way, Madison, VA

This home is located at 487 Old Forge Way, Madison, VA 22727 since 10 June 2020 and is currently estimated at $488,088, approximately $209 per square foot. This property was built in 2001. 487 Old Forge Way is a home located in Madison County with nearby schools including Madison Primary School, Waverly Yowell Elementary School, and William H. Wetsel Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Charlottesville area Association of Realtors® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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